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"In my specific area of focus, right now it is a series of deals rather than what you could call a mega deal. The deal sizes are healthy and we are also very focused on doing the right programmes. So, it is a good size but not what I would call mega deals."

Last year in September, Advent International acquired a majority stake in Eureka Forbes, the consumer durables flagship company of Shapoorji Pallonji Group, for Rs 4,400 crore. Following which the stock was delisted from exchanges.

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Other tokens such as Ether and Solana also got a lift. Stocks rose, with Chinese equities rallying on a pledge by Beijing for policies to boost financial markets.

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The Federal Open Market Committee is all but certain to raise rates by a quarter percentage point at the conclusion of its two-day policy meeting, after Chair Jerome Powell told lawmakers earlier this month that he favored such a move.

Indiabulls Housing is a standalone financial institution. As part of our corporate strategy what we are doing is we are looking at partnerships both at an operational level as well as at a strategic level, said Gagan Banga.

InterGlobe’s scrip climbed to a high of Rs 1,923.75 as against Rs 1,832.55 at previous close on the National Stock Exchange. The stock was last trading 3 per cent higher.

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The partially convertible rupee opened at 76.2610 per US dollar as against 76.61 at the previous close. The Indian currency, which was last at 76.3850, moved in a band of 76.2700-76.4720 against the greenback so far in the day.

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As of 31-Dec-2021, promoters held 66.33 per cent stake in the company, while FIIs held 17.25 per cent and domestic institutional investors had 1.81 per cent.

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“Overall, some interest will be back in auto and paint names and there is going to be some rebalancing at the portfolio level wherein the metals or the crude beneficiaries will have some sort of a knock down and these guys will have some kind of a bump up,” says Hemang Jani.

Buy JK Cement, target price Rs 2750: JM Financial

Updated at : 2022-03-16 14:45:02

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JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 18953.52 Crore) operating in Cement sector.

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