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Mahesh Patil from Aditya Birla Sun Life AMC outlines an investment strategy shaped by GST 2.0. The focus shifts towards consumption-oriented sectors like autos and consumer durables, anticipating earnings upgrades. While remaining neutral on IT, Patil identifies it as a contrarian opportunity, poised for a potential rebound with US recovery and attractive valuations.
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News and Media
Prime Cable Industries is set to launch its IPO on September 22. The company aims to raise Rs 40 crore through fresh equity and an offer-for-sale. The IPO will close on September 24, with listing on September 29. The company will use the funds for capital expenditure, debt repayment, and working capital. Revenue rose 71% in FY25 to Rs 141.
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News and Media
Atlanta Electricals has introduced its Rs 687 crore IPO. The IPO opened on September 22 and will close on September 24. The price band is Rs 718754 per share. Grey market activity indicates positive listing expectations. The company will use fresh issue proceeds for debt repayment and working capital. Public sector undertakings contribute significantly to its order book.
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News and Media
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