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Suzlon Energy was among the nine stocks that will be added to the index as a part of the rejig which comes into effect from November 30.
ICICI Prudential AMC’s CEO highlights the importance of profitability over revenue growth, a key metric that determines whether such firms appear in his portfolio
Suzlon Energy stock was trading 1.12 per cent higher at Rs 38.84 on BSE. This was in addition to a 1.13 per cent rise on the counter on Sunday (Muhurat trading) and 1.77 per cent rise in Friday.
Kalyan Jewellers India Ltd, Multi Commodity Exchange Of India Ltd (MCX), One 97 Communications (Paytm) and Zomato Ltd are among foreign portfolio investor (FPI) favourites, which posted strong gains in October.
Internet stocks are recovering in 2023 after a weak investor response to their initial public offerings. This comes on the back of an improvement in their profitability in the recent quarters.