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The company's net profit fell by 58% YoY to Rs 221.3 crore, with a 16% increase in expenses to Rs 4,600 crore, primarily due to network and transmission costs.
Fed chief, Jerome Powell, feels the central bank has a tough balancing act between too much and doing too little.
IRM Energy IPO price band has been fixed in the range of Rs 480 to Rs 505 per equity share.
The acquisition is subject to adjustments in bid value as per the bid format, and PTC India will seek shareholders' approval for the sale to ONGC.
The company reported a 120% increase in consolidated net profit to Rs 764 crore for the September quarter compared to Rs 347 crore in the same period the previous year.
Recommendation: Add; Target Price: Rs 2800
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,093.47 crore on Thursday.
Recommendation: Buy; Target Price: Rs 1920
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