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Call writing is seen at 19700 and then towards 19800 strikes while Put writing is seen at 19600 and then towards 19650 strikes.
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Call writing is seen at 19700 and then towards 19800 strikes while Put writing is seen at 19600 and then towards 19650 strikes.
Revenue from operations in the reporting period rose 10% to Rs 30,221 crore against Rs 27,486 crore in the corresponding period of the previous year. The revenue growth was driven by the performance of key subsidiaries -- UltraTech Cement and Aditya Birla Capital. However, softening of realisations in Caustic Soda impacted the standalone performance.
Indian shares reversed course to end slightly higher on Friday despite weak cues from Asian and European markets. A cautious undertone prevailed as hawkish comments from Fed, ECB and BoE officials dented hopes that interest rate hikes are finished.
Infrastructure projects and large-scale building construction and demolition work have generated dust over several parts of Mumbai, escalating the city’s AQI (air quality index) to 156 on October 19. At this time, New Delhi, which is generally considered more polluted than Mumbai, has an AQI of 121.
ICICI Securities recommended hold rating on UltraTech Cement with a target price of Rs 8742 in its research report dated October 30, 2023.