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Rail Vikas Nigam Ltd (RVNL) shares surged 4% after securing a Rs 404.4 crore contract from East Coast Railway for the Koraput-Singapur Road Doubling Project, involving major bridge and road-over bridge constructions. The project completion is expected within 30 months. Previously, RVNL received a Rs 3,622-crore contract from Bharat Sanchar Nigam Ltd (BSNL).
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The IPO of Ajax Engineering, a concrete equipment manufacturer, will open for public subscription on February 10, with a price band of Rs 599-629 per share. The offering consists solely of an offer-for-sale of 2.01 crore equity shares, with proceeds allocated to selling shareholders. Key sellers include Kedaara Capital, Krishnaswamy Vijay, and others.
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Titan's stock dropped by 2.4% as the company reported a slight dip in Q3 net profit, despite a 25% YoY increase in total income. The reduction in customs duty on gold impacted profitability. Analysts are optimistic, with Macquarie and Goldman Sachs maintaining their positive ratings on Titan.
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News and Media
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