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After an uptick during the first month since its public listing on November 13 2024 where it gained 58% from the offer price of 390, the stock has gradually sunk below this threshold. In 2025 so far, it has lost 37%. The stock may remain under pressure in the short term given rising fixed costs and drag on contribution margin due to the fast pace of store additions.
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News and Media
Since September 27, the Nifty Smallcap 250 and Microcap 250 indices have plunged 21.4% and 20.2%, respectively, while the Nifty Midcap Index has slumped 17.7% in the same period.
Category:
News and Media
European governments are poised to further scale up their plans for defence spending in the coming years, which should benefit the equity prices of European defence companies
Category:
News and Media
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