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Rakesh Jhunjhunwala’s mentor Radhakishan Damani held a 1.3% stake in the company as of March 31 while the former held 2.1%
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The base period for the Money9 Covid25 Index is March 24, 2020, when India went into lockdown, and the base value of the index has been kept at 100
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According to Edelweiss, the Indian technology services industry is at the same juncture in terms of prospects where it was post-global financial crisis in 2008
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Rakesh Jhunjhunwala has stakes in Tata Motors, Lupin, Escorts, Crisil, Rallis India and Federal Bank, among others
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With a gain of 91.63% PNB Housing Finance was the top performer of the week as its shares rallied after a consortium of investors announced capital infusion
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The key thing to watch out for in the near future would be the US bond yields because any rise in yields can take out FII money from developing countries like India
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Sensex was down 132 points or 0.25% at 52,100, whereas the Nifty 50 was down 20 points or 0.13% at 15,670 after hitting a lifetime high of 15,733
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Brokerages are of the opinion that Macrotech Developers has a potential upside of 28% and can touch Rs 800 in the near term
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RBI stance is aimed at giving a boost to consumption and economy, while also keeping a tab on inflation. The accommodative stance is likely to continue till the economy improves.
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ONGC, L&T, Tech Mahindra, M&M and PowerGrid were the top gainers