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In the Nifty 500 pack, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 27, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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Vandan Foods, a Gujarat-based castor oil manufacturer, launched its IPO today, aiming to raise 30.36 crore. The IPO, priced at 115 per share, closes on July 2 and consists of a fresh issue of 26.40 lakh equity shares. Funds will support working capital, debt repayment, and facility expansion. With strong financials showing revenue of 72.
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A personal tragedy led to a solar energy revolution in Pakistan, where citizens and businesses are adopting solar power due to unaffordable grid electricity. This shift, driven by cost savings, has offered a model for other developing nations facing energy crises. However, challenges remain in grid management and equitable access.
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