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Considering the present market environment, brokerage Edelweiss Securities is positive on Honeywell Automation
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Indian Bank posted a net profit of Rs 1,709 crore in the fourth quarter ended March 2021 as against a net loss of Rs 217.73 crore in the same quarter last year
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That means, a Rs 20,000 investment made in the company last year would have become Rs 1.09 lakh at present
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Antique Stock Broking said: "Our analysis suggests that macro green shoots are visible in globally linked sectors like metals and IT services."
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An investment of Rs 1 lakh in the company a year ago has grown to Rs 11.24 lakh now
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Dish TV's scrip stood out, rallying from Rs 9.27 to Rs 15.89. Lux Industries (up 71.17%), HFCL (up 63.13%) and Venkys (India) (up 51.52%) are the the other stocks that rallied over 50% this month
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The rise in stock price shows that an investment of Rs 15,000 last year has now galloped to Rs 1,17,586
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The brokerage industry is dependent on the capital markets, hence any general economic and market consolidation in India or globally can affect overall revenues
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The company reported a 43.3% rise in its net profit Rs 99 crore in the fourth quarter in FY21 from Rs 69 crore due to sharp cost controls
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Shares of the metals major have rallied 343% to Rs 389.85 on May 21 from the low of Rs 87.95, scaled on March 23 last year