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M&M, PI Industries and Titan Company hit fresh record highs.Share PSP Projects rose 3 percent intraday Tuesday as broking firm Spark Capital has initiated buy rating on the stock with a target price of Rs 640
According to firm, the company is likely to benefit from the upcoming industrial & institutional building opportunities in Gujarat.
Also, it expects the conservative order inflow of Rs 1,200-1,500 crore every year for the next 2 years.Shares of JM Financial added 5 percent in morning on the back of fund raising plan.
The company in its meeting held on December 18 has approved to raise Rs 650 crore by way of issue of equity shares or any other instrument or security including fully/partly convertible debentures or global depository receipts or American depository receipts or foreign currency convertible bonds or by way of a composite issue of non-convertible debentures and warrants.
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