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Sagility India shares surged 5% on Thursday, reaching a fresh high of Rs 51.35, marking the 8th consecutive day of gains. The stock has risen 61% in the past month, while the Sensex has fallen nearly 2%. JPMorgan recently initiated coverage with an "Overweight" rating and a target price of Rs 54, highlighting the companys strong position in the healthcare services sector.
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Shares of Identical Brains Studios were listed on NSE at Rs 95, a 76% premium to its IPO price. The company raised Rs 20 crore. The funds will be used for office renovation, a new branch in Lucknow, equipment purchases, and working capital. The studio's portfolio includes notable projects and award-winning visuals.
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While predicting the first two is difficult, Indias economic fundamentals should improve as fiscal spending ramps up and liquidity eases, thereby supporting credit growth and economic activity.
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