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Chandrima Mercantiles, a multibagger stock, is undergoing a stock split. The face value is changing from Rs 10 to Rs 1. August 20 is the record date. Today is the last day to buy shares to qualify. The split aims to improve liquidity and accessibility. The stock has delivered nearly 700% returns in two years.
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The announcement comes hours after reports that the White House is in talks over taking a 10% stake in Intel.
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Indian equities surged on Monday, driven by optimism surrounding potential GST simplification, leading to short covering in sectors like auto and FMCG. The Nifty and Sensex both experienced gains, fueled by positive domestic investor activity and a slight decrease in market volatility. Consumption-based stocks led the rally, with Maruti Suzuki emerging as a top gainer.
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