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REC Q2 Results: State-run REC reported a 6.5% rise in its September quarter consolidated net profit at Rs 4,038 crore versus Rs 3,790 crore reported by it in the year ago period. The total interest income earned by the NBFC during the quarter stood at Rs 13,485 crore which was up 18% over Rs 11,399 crore reported in the corresponding quarter of the previous financial year.
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Reliance Industries, Tech Mahindra, and Mazagon Dock, among others, are in focus due to upcoming record dates for dividends, bonus issues, and stock splits. Shareholders need to hold shares on the record date to be eligible. Buying the stock one day before the ex-date ensures eligibility for dividends, while buying on the ex-date excludes such benefits.
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News and Media
The recent Nifty 50 downturn has raised concerns. Historically, the Nifty has shown a pattern of retracing to its moving averages before resuming its uptrend. However, the current decline below the 100-day moving average raises questions about a deeper trend. An analysis of past occurrences reveals an optimistic outlook. When the market has corrected by 5% or more over four consecutive weeks, the Nifty has shown strong forward returns over the subsequent months.
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News and Media
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