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#791 Daily Money Show | Stock Market News

Original: # 791 Daily Money Show | Money Purse Stock Market News

51.4K views · Apr 16, 2024 · 17:19 min · Watch on YouTube ↗
Takeaway

Don't chase speculative acquisition rumors like Hindustan Motors+Musk; Va Tech Wabag's water/desal pipeline justifies the rally.

Summary

  • Sensex -456 at 72,943; Nifty -124 at 22,147; IT sector dragged 74 of 124 points; pressure from Israel-Iran tensions
  • Hindustan Motors (Ambassador-maker) stock hit 20% upper circuit on rumor that Elon Musk may acquire it during India visit — but warns against speculative buying (cites Twitter delisting and Alok Industries example)
  • Va Tech Wabag — Rs.12,000 cr order book, strong govt support, desalination focus; targeting 1 billion euro revenue
  • LTIMindtree — high-profile exits since 2022 merger including CFO Vineet resignation in January
Hindustan MotorsVa Tech WabagElon Musk
Original description
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