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About Rs 1,650 crore of the proceeds of the deal will be utilised for servicing the existing debt of AMRI Hospitals which will make the business completely debt-free, the executives told ET on condition of anonymity. The balance proceeds will help the promoters reduce their share pledge in the flagship fast-moving consumer goods (FMCG) company Emami Ltd to almost 18% from 33%, they said.
This article explores the significance of the overbought zone, leveraging data from StockEdge and curated selections by ETMarkets. Uncover insights on overbought stocks, their implications, and the importance of assessing stock movements for informed investment decisions.
The intricate world of stock trading demands a discerning approach, with tools like the Relative Strength Index (RSI) helping investors make informed decisions. This article delves into RSI's significance, its role in understanding stock trends, and investigates 10 overbought stocks showing bearish RSI trends.
Emami Ltd's Q1FY24 consolidated net profit rises 86.5% YoY to ₹137.72 crore, down 4.6% sequentially.
RITES shares will turn ex-dividend on Monday. The company had announced an interim dividend of Rs 3.75 per share. Monday would also be the record date for the purpose of determining the name of the eligible shareholders for dividend.