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Bajaj Finance share price up over 2% post Q4 numbers; Credit Suisse cuts target

Bajaj Finance share price rose 2.6 percent in early trade on May 20 after the company announced its Q4 numbers.The company has reported a profit after tax of Rs 948 crore for the quarter ended March 2020, a 19.4 percent decline compared to numbers of the corresponding period last fiscal.Loan losses and provisions (expected credit loss) for the quarter increased to Rs 1,954 crore against Rs 409 crore in Q4 FY19.Gross...

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RIL share price rises 2% after rights issue opens for subscription

Reliance Industries (RIL) share price added 2 percent intraday on May 20 as the company's rights issue opened for subscription for existing shareholders.The company proposed to raise Rs 53,125 crore through its biggest ever rights issue which will close on June 3, 2020.The ratio for the same is one rights issue share for every 15 equity shares held by existing shareholders as on record date (May 14).The ex-date for...

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Steel Strips Wheels bags export order but share price at 52-week low

Steel Strips Wheels share price slipped to 52-week low of Rs 326, down 6 percent, intraday on May 19 even though the company received orders worth 285,000 euros from Europe.The company has bagged export orders for more than 50,000 wheels for EU Caravan Trailer Market.The orders are to be executed in July and August from its Chennai plant.These orders mark the beginning of restart of operations in the EU post- COVID-...

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Tata Consumer share price up 3% as company set to acquire PepsiCo's stake in NourishCo

Tata Consumer Products share price jumped over 3 percent intraday on May 19 after the company had said it would acquire PepsiCo’s stake in NourishCo Beverages Limited.The stock price has gained over 52 percent in the last one year. It was quoting at Rs 358.50, up Rs 11.60, or 3.34 percent, on the BSE at 11:02 hours.Tata Consumer Products Limited announced that it will acquire PepsiCo’s stake in NourishCo...

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KEC International share price rises 3% on orders win worth Rs 1,203 crore

KEC International share price rose 3.5 percent in the early trade on May 19 after company bagged orders across its various businesses.The company has secured new orders of Rs 1,203 crore across its various businesses.The company's transmission & distribution (T&D) business and SAE Towers have secured orders of Rs 917 crore for T&D projects in India, Bangladesh, Africa and the Americas.Its Civil business...

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