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Vikran Engineerings shares rose about 5% on debut, listing slightly above its Rs 97 IPO price in a Rs 772-crore offering backed by investors Mukul Agrawal and Ashish Kacholia. Despite strong subscription and a robust order book, gains fell short of grey market expectations. Analysts recommend holding for long-term growth supported by government infrastructure spending and the companys asset-light model.
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Apollo Micro Systems shares: Apollo Micro Systems hit a new 52-week high at Rs 303 on Wednesday, extending gains for the fourth session. The stock has surged 160% in six months, outperforming defence peers like Astra Microwave, BEML, Paras Defence, and BEL.
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The move blocks TSMC from shipping US-made tech to its facility in China.
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