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The shares of JM Financial rallied 4% to their intraday high of Rs 108 on the BSE in early trade on Friday, February 21, after informing that they will receive a tax refund of Rs 230 crore from the Income Tax Department, Government of India. “Pursuant to Regulation 30 read with Para A, Part A…
Conductors and power cables manufacturer Lumino Industries has filed preliminary papers with capital markets regulator Sebi to raise 1,000 crore through an initial public offering (IPO). The Kolkata-based company’s IPO is a combination of a fresh issue of shares worth Rs 600 crore and an offer-for-sale component of up to Rs 400 crore by promoters….
Amid a sector-wide revival for cement stocks driven by infrastructure growth and government housing initiatives, UltraTech Cement, Ambuja Cements and JK Cement have emerged as top picks for brokerage firm JM Financial as it initiated coverage on five major cement stocks with ‘buy’ ratings, with a focus on their strong growth prospects, cost optimization strategies,…
