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HIL Limited acquires Topline brand and four associated companies, expanding their presence in the PVC pipes segment. The acquisition nearly doubles their SKU offerings and provides access to patented technologies. It enhances their brand, presence in government projects, and strengthens their position in the Indian market.
From here on, if Nifty has to sustain at higher levels, contribution from the heavyweight banking space is a must. Since it is struggling around the bearish gap, it is better to wait for further clarification to project higher levels in Nifty, says Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One.
DPIIT: The exercise is important as cement production data is used by the government for policy decisions and for calculating the index of industrial production (IIP).
Revenue increased by 2.6% YoY & profit increased by 63.5% YoY
(This story has not been edited by THE WEEK and is auto-generated from a PTI