Tue, Nov 26, 2024 4:24 PM
Elgi Rubber Standalone September 2024 Net Sales at Rs 62.68 crore
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The S&P 500 will rise over 8% between now and end-2025 as U.S. interest rate cuts and potentially less regulation under President-elect Donald Trump extend the market's strong run, according to a Reuters poll of equity strategists. Continued U.S. economic health will boost earnings growth, and some strategists cited financials as among their top sector picks going into 2025.
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Exide Industries Ltd invested ₹99.99 crore in its subsidiary Exide Energy Solutions Ltd through a rights issue, increasing its stake to ₹3,052.24 crore, maintaining 100% ownership. The investment will aid EESL's greenfield manufacturing plant in Bengaluru, producing advanced chemistry battery cells for electric vehicles and stationary applications.
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William Blair analyst Jeff Schmitt initiates coverage of Nasdaq with an Outperform rating, citing its successful transition from an exchange operator to a leading technology company with a consistent growth profile. Non-transactional revenues make up 80% of its mix, with 60% being recurring, and scalable technology solutions offering favorable long-term growth prospects.
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