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Shares of Vodafone Idea surged by as much as 5.7% on Tuesday, reaching Rs 9.6 on the BSE, after Finance Secretary Tuhin Kanta Pandey hinted that the government is considering a proposal to waive 50% of the interest and 100% of the penalties and interest on penalties, which make up a significant portion of the adjusted gross revenue (AGR) dues levied on telecom companies such as Vodafone Idea and Bharti Airtel.
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Divi's Labs surged 6% after reporting a 64% YoY profit jump in Q3FY25. Revenue rose 25% YoY to Rs 2,319 crore. Goldman Sachs stays Neutral (target: Rs 5,925), while Nuvama maintains Buy (target: Rs 6,830) citing strong growth potential.
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Samvardhana Motherson International shares surged 9% to Rs 142.15 following Trumps decision to pause tariffs on Mexico and Canada. The company, reliant on exports (80% of revenue), was impacted by tariff uncertainty. Additionally, a joint venture with Hamakyorex of Japan boosted market sentiment. Despite a 10.43% YTD loss, the stock has gained 20.08% over the past year.
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