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Technical outlook on 5 stocks - Hindustan Unilever, Dabur, Insecticides India, Jain Irrigation, Kaveri Seeds - that are likely to trade favourably as per the charts this monsoon season.
Kaveri Seed share price surged 18% in 3 days after private weather forecasting agency Skymet said that the southwest monsoon is expected to be 'Normal' this year at 103% of the Long Period Average.
Indian Finance Minister also announced a 5-year mission to promote cotton production. The centre also enhanced the loan limit under Kisan credit cards to Rs 5 lakh from Rs 3 lakh
Union Budget 2024 news: Finance Minister Nirmala Sitharaman said the government will release new 109 high yielding, climate resilient seeds for 32 field and horticulture crops
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The technical analyst from HDFC Securities expects the Nifty to find support around 17,450-odd levels.
The technical analyst from HDFC Securities expects the Nifty to find support in the range of 17,703 to 17,791.
Kaveri Seeds chart indicates a trend reversal, while Piramal Enterprise is in a rising channel pattern
Kaveri Seeds on Thursday reported a 28.62 per cent rise in net profit at Rs 295.28 crore during the quarter ended June 30
The board approved the buyback plan of 2.8 million equity shares at Rs 700 per share.
So far in 2019, the agricultural product company has underperformed the benchmark Sensex by slipping 8 per cent year-to-date (YTD).