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Wall Street stocks posted their second-straight gain on Wednesday, with robust corporate earnings and renewed optimism about the US economic recovery.
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Market analyst Manas Jaiswal is positive on Pidilite with a target price of Rs 2,425.
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It is a truncated week of trade as markets were shut on Wednesday on account of a Eid al-Adha
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Its revenue from operations was up 75.95% at Rs 2,609.97 crore during the period under review as against Rs 1,483.40 crore a year ago
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As many as 25 firms have already raised over Rs 27,000 crore via the initial public offering route this year so far
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For earnings to do well, inflation needs to be in the right zone, albeit this zone is hardly predictable
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GR Infraprojects and Clean Science & Technology both have strong balance sheets and industry-leading margin and return ratios
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While there may be listing gains but at some point, there will be a massive correction so investors should be extremely cautious, says Bandyopahyay
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Market analysts believe that the rotation from cyclical and value to growth and defensives to continue over the coming months
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On a year-to-date basis, shares of the company have gained over 14% till date, while the benchmark BSE Sensex has advanced 9% during the same period