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Deepak Chemtex IPO Hits D-Street: Here’s What You Need to Know

by admin November 30, 2023

written by admin

The Deepak Chemtex IPO has hit D-Street, with the issue opening for subscription on November 29 and closing on December 1. The IPO is entirely a fresh issue of 28.8 lakh shares, with a price band of Rs 76-Rs 80 per share. The minimum lot size for an application is 1600 shares, and the minimum amount of investment required by retail investors is Rs 128,000. The allotment for the Deepak Chemtex IPO is expected to be finalized on December 6, and the IPO is likely to list on BSE SME on December 11.

Here are the key details of the Deepak Chemtex IPO:

- Issue Size: Rs 23.04 crore

- Fresh Issue: 28.8 lakh shares

- Price Band: Rs 76-Rs 80 per share

- Minimum Lot Size: 1600 shares

- Minimum Investment: Rs 128,000

- Issue Opening Date: November 29

- Issue Closing Date: December 1

- Allotment Date: December 6

- Listing Date: December 11

Deepak Chemtex is a leading manufacturer of specialty chemicals used in the textile, pharmaceutical, and agrochemical industries. The company has a strong track record of profitability and growth, and its IPO is likely to be well-received by investors.

Here are some of the key strengths of Deepak Chemtex:

- Strong track record of profitability and growth

- Experienced management team

- Diversified product portfolio
- Strong market position

Cipla Stock Makes Impressive Gains on Positive Trading Day

by admin November 24, 2023

written by admin

Cipla, the pharmaceutical giant, witnesses a notable surge in its stock price on November 24, 2023, soaring by 2.32%. The closing figure stands at ₹1168.6 per share, with the current trading price at ₹1195.7. Investors are advised to closely monitor the stock’s performance in the upcoming days and weeks.

Stock Performance Details:

On the last trading day, Cipla’s stock opened at ₹1272.95 and closed at ₹1271.65. The day’s high reached ₹1272.95, while the low was ₹1165.1. The company’s market capitalization stands at ₹94,346.97 crore. The 52-week high and low for the stock are ₹1283 and ₹852, respectively. A trading volume of 282,749 shares was recorded on the Bombay Stock Exchange (BSE).

Disclaimer: This live blog is AI-generated and has not been edited by LiveMint staff.

Top Active Options for Cipla:

As of November 24, 10:46 AM IST, the top active call options for Cipla are at strike prices ₹1140.0 (Expiry: 30 NOV 2023) and ₹1120.0 (Expiry: 30 NOV 2023), with prices increasing by 32.14% and 19.1%, respectively. The top active put options at the same time and date are at strike prices ₹1100.0 and ₹1120.0, with prices decreasing by 71.23% and 72.73%, respectively.

Disclaimer: Futures & Options data has a 15-minute delay.

Cipla Share Price Comparison:

As of November 24, 10:31 AM IST, Cipla is trading at ₹1195.7, exhibiting a positive change of 2.32% from the previous day’s closing at ₹1168.6. The stock has experienced a net gain of 27.1 points, indicating a favourable market performance.

Today’s Price Range:

As of November 24, 10:22 AM IST, Cipla’s stock price had a low of ₹1178.55 and a high of ₹1202 on the current trading day.

Cipla November Futures Analysis:

At the opening on November 24, 10:08 AM IST, Cipla November futures began at ₹1189.9, compared to the previous close of ₹1174.65. The stock is currently trading at a spot price of ₹1190.05, with a bid price of 1192.1 and an offer price of 1192.85. The open interest for Cipla stands at 11,016,850.

Disclaimer: Futures data has a 15-minute delay.

Cipla Live Updates:

As of November 24, 10:01 AM IST, Cipla’s stock is priced at ₹1199.40, reflecting a 2.64% increase. The day’s high is ₹1202.00, and the day’s low is ₹1178.55, with a trading volume of 107,114 on the Bombay Stock Exchange (BSE).

Summary of Morning Trades:

The morning of November 24, 2023, sees Cipla trading at ₹1185.2, showcasing a positive change of 1.42% from the previous day’s closing at ₹1168.6. The stock has experienced a net increase of 16.6 points.

Price Analysis Over Time:

As of November 24, 09:35 AM IST, Cipla’s stock price analysis over various time periods reveals fluctuations. In the last week and three months, there’s a decrease of 5.2%, while six months and year-to-date (YTD) show positive changes of 23.82% and 8.8%, respectively.

Early Morning Trends:

As of November 24, 09:08 AM IST, Cipla is trading at ₹1168.6, reflecting a decrease of -8.1% from the previous day’s closing at ₹1271.65. The stock has experienced a significant negative change of -103.05 points.

Closing Highlights:

On the last trading day, November 23, 2023, Cipla closed at ₹1271.65, with a trading volume of 282,749 shares on the Bombay Stock Exchange (BSE).

IREDA IPO: Subscription, Expert Reviews, and Investor Insights

by admin November 22, 2023

written by admin

IREDA IPO Overview:

The Indian Renewable Energy Development Agency (IREDA) has initiated its initial public offering (IPO), open for subscription from November 21 to November 23, 2023. Priced between ₹30 to ₹32 per equity share, the state-owned company aims to raise ₹2,150.21 crore through this IPO, scheduled for listing on both BSE and NSE.

Market Sentiment:

As of the IPO’s opening, the grey market reflects a positive outlook, with shares reportedly trading at a ₹7 premium. This suggests a strong initial response from investors.

Subscription Status:

On the first day of bidding, the IPO has been subscribed 0.37 times overall, with the retail portion showing a higher interest at 0.61 times. The Non-Institutional Investor (NII) portion stands at 0.30 times.

Key Details:

IPO Allotment and Listing Dates: The tentative date for share allocation is either November 24 or November 27, 2023 (T+3 schedule). The listing date is anticipated to be November 28, 2023.

Lot Size: Each lot comprises 460 company shares, with a minimum investment of ₹14,720 for retail investors (₹32 x 460).

Size of the IPO: IREDA aims to raise ₹2,150.21 crore, reflecting the company’s valuation and financial goals.

Expert Opinions:

Arun Kejriwal, Founder at Kejriwal Research and Investment Services, suggests a ‘subscribe’ approach, citing IREDA’s strategic role in renewable energy and favorable financial indicators. Reliance Securities also recommends subscribing, highlighting IREDA’s growth trajectory and profitability. Nirmal Bang echoes this sentiment, emphasizing diversification into emerging green technologies as a positive factor.

Conclusion:

While several analysts and broking firms, including BP Equities, Choice Broking, and Swastika Investmart, endorse subscribing to the IREDA IPO, it’s essential for investors to conduct thorough research and seek advice from certified experts before making any investment decisions. As with any investment, risks should be carefully considered, and individual financial goals should guide decision-making.

Disclaimer: The views expressed by analysts and broking firms are their own, and investors are advised to exercise caution and seek professional advice before making investment decisions.

India’s Road to a $4 Trillion Economy: A Reality Check Amidst Social Media Buzz

by admin November 22, 2023

written by admin

Contrary to recent social media speculation, India is not yet a $4 trillion economy, according to economists who project that the milestone may be achieved by the fiscal year 2024-25. Despite viral screenshots indicating India’s GDP reaching this impressive figure, experts caution against premature celebrations, emphasizing the need for reliable data and official confirmation.

As per the Union Budget 2023-24, India’s nominal GDP is forecasted to touch Rs 301.75 lakh crore, reflecting a growth rate of 10.5% from the estimated Rs 272.41 lakh crore in the fiscal year 2022-23. In terms of US dollars, this equates to a GDP of $3.63 trillion for the current fiscal year.

Chief economist at the Bank of Baroda, Madan Sabnavis, expressed skepticism about the likelihood of India becoming a $4 trillion economy in the current scenario. He suggests that achieving this milestone would require a nominal GDP of approximately Rs 330 lakh crore, achievable with a 10% growth in the fiscal year 2024-25.

The recent surge in social media discussions around India’s supposed $4 trillion GDP sparked reactions and expectations of India surpassing the UK as the third-largest economy. However, no official confirmation or denial has been issued, and experts highlight the importance of relying on official estimates released by the National Statistical Office.

While screenshots circulated on social media generated excitement, economists and experts caution against drawing conclusions based on real-time predictions, emphasizing that such data can be misleading. Rahul Bajoria, MD & Head of EM Asia (ex-China) Economics at Barclays, noted that India’s nominal GDP for the fiscal year 2023-24 is expected to be around Rs 300 lakh crore, equivalent to $3.65 trillion at current exchange rates.

Deepak Shenoy, Founder and CEO of Capitalmind, echoed similar sentiments, stating that India’s GDP has not yet reached $4 trillion, estimating it to be around $3.45 trillion as of the latest available data in June. Official GDP estimates for the second quarter of the fiscal year will be released at the end of the month, providing a clearer picture of India’s economic trajectory.

Conclusion:

As discussions about India’s journey to a $4 trillion economy continue, it is crucial to approach such speculations with caution and await official data releases. The economic landscape is dynamic, and accurate assessments are essential to avoid misinterpretations and premature conclusions.

YES Bank Shares Surge 4.75% Amid Overbought Conditions; Analysts Offer Differing Perspectives on Future Trajectory

by admin November 20, 2023

written by admin

In a recent trading session, YES Bank shares witnessed a significant intraday jump of 4.75%, reaching Rs 21.15 from the previous day’s closing value of Rs 20.19 on the BSE. The bank’s market capitalization also saw an uptick, reaching Rs 59,616 crore, reflecting a noteworthy 25% surge over the past two weeks. However, YES Bank shares are currently situated in the overbought zone, with a Relative Strength Index (RSI) of 80, signaling strong buying interest and the potential for an impending price correction.

Despite the recent rally, the stock has incurred a 4.53% decline for the year, prompting speculation about additional buying interest that could potentially reverse this trend. The one-year beta of 0.3 suggests a period of low volatility.

Technical analysts are observing that YES Bank shares are trading above various moving averages, including the 5-day, 10-day, 20-day, 50-day, 100-day, 150-day, and 200-day averages. The breach of the resistance level at Rs 19–Rs 20 is seen as a triggering factor for a potential rally, with analysts predicting a target of Rs 40 if the current momentum persists.

Shiju Koothupalakkal, a Technical Research Analyst at Prabhudas Lilladher, highlights a higher bottom formation and a range breakout after a period of consolidation, underscoring the potential for further upside. Koothupalakkal anticipates the stock reaching Rs 25 and subsequently setting a new target of around Rs 40, pointing to a rising RSI as an indicator of strength.

Deven Mehata, an Equity Research Analyst at Choice Broking, emphasizes the stock’s stability, supported by a robust zone between Rs 16.75 and Rs 17, aligning with key moving averages. Mehata suggests that investors holding the stock from lower levels consider booking partial profits and implement trailing stop loss orders to safeguard gains.

In contrast, AR Ramachandran from Tips2trades adopts a cautious stance, noting that while YES Bank is bullish, it is also overbought on daily charts. Short-term traders and investors are advised to book profits at current levels, as a daily close below the support of Rs 18.45 could lead to a near-term target of Rs 15.8. Conversely, a daily close above the resistance of Rs 20 could extend the target to Rs 22.6 in the near term.

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November 20, 2023 0 comment

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RBI Cracks Down on Bajaj Finance’s Digital Lending Practices

by admin November 17, 2023

written by admin

In a move to uphold consumer protection and regulatory compliance, the Reserve Bank of India (RBI) has directed Bajaj Finance to halt the sanction and disbursement of loans under its ‘eCOM’ and ‘Insta EMI’ products with immediate effect. The decision stems from the company’s non-adherence to the established digital lending guidelines, particularly in the areas of Key Fact Statement (KFS) issuance and content.

According to the RBI’s statement, Bajaj Finance has failed to provide borrowers with KFSs for these two lending products, a crucial document that outlines the loan terms and conditions. Additionally, deficiencies have been identified in the KFSs issued for other digital loans offered by the company.

The central bank has emphasized that these supervisory restrictions will be reviewed once Bajaj Finance rectifies the identified deficiencies to the RBI’s satisfaction. This move serves as a reminder of the importance of adhering to regulatory guidelines and ensuring consumer transparency in the digital lending landscape.

Key Points:

* RBI restricts Bajaj Finance’s ‘eCOM’ and ‘Insta EMI’ loans due to compliance issues.

* Company failed to provide borrowers with KFSs for these products.

* Deficiencies found in KFSs issued for other digital loans.

* Supervisory restrictions will be reviewed upon rectification of deficiencies.

* RBI emphasizes importance of compliance and consumer transparency in digital lending.

Share Repurchases, Ex-Dividend Date, and Tata Consultancy Services: A Comprehensive Guide

by admin November 16, 2023

written by admin

Navigating Share Repurchases and Ex-Dividend Dates: Implications for Investors

In the dynamic world of finance, investors are constantly seeking strategies to enhance their portfolios and stay abreast of market trends. Two significant events that frequently capture investor attention are share repurchases and ex-dividend dates. Let’s delve into these concepts and examine their implications using Tata Consultancy Services’ (TCS) recent buyback as an example.

Share Repurchases: Unleashing Value for Investors

Share repurchases, also known as stock buybacks, are a corporate action where a company repurchases its own shares from the market. This strategy serves multiple purposes, including:

1. Enhancing Earnings Per Share (EPS): By reducing the number of outstanding shares, EPS increases, making the company appear more profitable and potentially boosting stock prices.

1. Signaling Confidence: Share buybacks often indicate that the company believes its stock is undervalued and has strong future prospects, bolstering investor confidence.

1. Improving Capital Structure: Buybacks can improve a company’s capital structure by reducing equity and potentially increasing debt, which can enhance returns on equity.

TCS Buyback: A Case in Point

TCS recently announced a buyback of up to ₹17,000 crore, highlighting its confidence in its growth prospects and signaling to investors its commitment to value creation. The buyback is expected to enhance EPS, potentially boosting the company’s stock price and generating positive returns for shareholders.

Ex-Dividend Date: A Crucial Timing

The ex-dividend date marks the day after which newly purchased shares are not entitled to the upcoming dividend payment. This date is crucial for investors as it determines whether they will receive the dividend or not. Investors who buy shares before the ex-dividend date will receive the dividend, while those who purchase after will not.

Implications for Investors

Understanding the ex-dividend date is essential for investors to make informed decisions. If they are primarily interested in receiving the dividend, they should ensure they purchase the shares before the ex-dividend date. However, if they are more focused on long-term capital appreciation, the ex-dividend date may not be as significant.

Conclusion

Share repurchases and ex-dividend dates are important considerations for investors seeking to optimize their investment strategies. By understanding these concepts and their implications, investors can make informed decisions that align with their financial goals.

Stock Market Live Updates: Sensex, Nifty surge nearly 1% on global optimism amid soft US inflation

by admin November 15, 2023

written by admin

Indian markets opened strong, buoyed by a global uptrend sparked by subdued U.S. inflation, signaling a potential pause in interest rate hikes. At 10 a.m., the BSE Sensex surged 619.22 points to 65,553.09, while the NSE Nifty climbed 190.80 points to 19,634.35. Out of the 3,160 stocks traded on BSE, 2,178 advanced, 857 declined, and 125 remained unchanged. About 150 stocks hit the upper circuit, while 47 hit the lower circuit. The number of stocks at a 52-week high is 212, while 11 of them hit a 52-week low. Wall Street’s Nasdaq led the charge, echoing its strongest performance in six months. This followed stagnant U.S. CPI data for October, triggering hopes of reduced Federal Reserve rate hikes, further enhancing global market optimism.

Stock Market today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices, and Indian stock markets for 15 November 2023.

Currency Market Live Updates: Rupee spurts 32 paise to 83.01 against dollar in early trade

The rupee appreciated 32 paise to 83.01 against the US dollar in morning trade on Wednesday as the American currency retreated from its elevated levels after US inflation came lower than expected.

Forex traders said the rupee opened on a bullish note as the American currency weakened after US Inflation eased to its lowest level since September 2021.

November 15, 2023, 10:24

Share Market Live Updates: MSCI adds 9 Indian stocks to Global Standard Index

MSCI Global Standard Index will add 9 Indian stocks, including IndusInd Bank, Tata Motors DVR, Suzlon Energy, and One 97 Communications.

Tata Communications, APL Apollo Tubes, Macrotech Developers, Persistent Systems, and Polycab India have also been added. No stocks have been taken out from the India index.

November 15, 2023, 10:19

Stock Market Live Updates: CAMS surges 5% to ₹2,821; records 17% net profit rise in Q2

Computer Age Management Services Limited, a mutual fund transfer agency, saw a 5 per cent jump today at ₹2821. The closing price of the stock yesterday was ₹2685. The company also released its Q2 results recently, where it reported a 17 per cent surge in net profit to ₹84.51 crore.

November 15, 2023, 10:11

Economic Indicators: Unemployment at record low; labour market undergoing transformation: SBI economists

India’s unemployment rate is at a record low, and the country’s labour market is undergoing a structural transformation, a report said on Tuesday.

In the news report, economists at the country’s largest lender SBI also pitched for a “reinterpretation of old-fashioned rhetoric” while looking at a subject like employment.

November 15, 2023, 10:11

Stock Market Live Updates: Dabur India stock declines by 1.07% on the NSE, trading at ₹524.45

November 15, 2023, 10:00

Share Market Live Updates: PTC Industries jumps 5% on NSE post Safran deal for LEAP engine parts

PTC Industries stock surges by 5% on the NSE, trading at ₹5,178.60, after the company signed a contract with Safran to provide casting parts for the LEAP engine powering a single-aisle jet.

November 15, 2023, 09:57

Sensex Today: BSE Market Update: Advancing stocks lead, 150 hit upper circuit, 212 reach 52-week high

Among the 3,160 stocks traded on BSE, 2,178 moved upwards, 857 saw a decline, and 125 remained unchanged. Approximately 150 stocks reached their upper circuit, while 47 dipped to the lower circuit. A total of 212 stocks touched their 52-week high, whereas only 11 reached their 52-week low.

November 15, 2023, 09:51

Stock Market Live Updates: RVNL stock surges 2.45% to ₹160.75 post receipt of LOA for rail infrastructure project

RVNL stock rises by 2.45% on the NSE, trading at ₹160.75 after the receipt of LOA for “Construction of 4 Nos. Tunnels (total Length 1.6km) with ballast-less track, Earthwork in formation, Construction of Important Bridges (2nos), Major Bridges (1no), Minor Bridges (25nos), Supply of Stone ballast, Track linking,

Yes Bank Limited Share Price on BSE: A Comprehensive Overview

by admin November 15, 2023

written by admin

In the dynamic world of finance, staying abreast of the latest market trends and stock prices is crucial for making informed investment decisions. As an investor, keeping a close eye on the performance of Yes Bank Limited (YES BANK) shares on the Bombay Stock Exchange (BSE) is essential for navigating the market successfully. This blog delves into the world of YES BANK share price information, providing you with real-time updates, historical data, and expert insights to empower your investment strategies.

Real-time YES BANK Share Price Updates

To stay at the forefront of YES BANK’s stock market journey, real-time share price updates are indispensable. Numerous online platforms and financial portals offer up-to-the-minute quotes, enabling you to track the stock’s movement throughout the trading day. These platforms often provide interactive charts and graphs, allowing you to visualize YES BANK’s price fluctuations and identify potential trends.

Delving into YES BANK’s Historical Share Price Data

While real-time updates provide a snapshot of the current market situation, examining historical share price data offers valuable insights into YES BANK’s past performance and potential future trends. Numerous financial websites and data providers offer comprehensive historical data archives, allowing you to analyze YES BANK’s stock price movements over various timeframes, such as days, weeks, months, or even years.

Unlocking Expert Analysis for Informed Investment Decisions

Expert analysis plays a critical role in deciphering the complex dynamics of the stock market. Renowned financial analysts and market experts provide valuable insights into YES BANK’s financials, industry trends, and overall market conditions. Their recommendations and assessments can guide your investment decisions, helping you make informed choices that align with your risk appetite and financial goals.

Leveraging the Power of Technology for Market Insights

In today’s digital age, technology has revolutionized the way investors access and analyze market information. Numerous mobile applications and online tools provide real-time stock market updates, historical data analysis, and expert commentary, all at your fingertips. These tools empower you to stay informed and make informed investment decisions from anywhere, anytime.

Stay Ahead of the Curve with YES BANK Share Price Insights

By combining real-time updates, historical data analysis, and expert insights, you can gain a comprehensive understanding of YES BANK’s share price performance and make informed investment decisions. Remember, staying informed and analyzing market trends is crucial for navigating the dynamic world of finance.

Stock Market Navigates Fed’s Inflation-Fighting Measures

by admin November 14, 2023

written by admin

The stock market is reacting to the Federal Reserve’s latest measures to combat inflation. The Fed raised interest rates by 0.75% last week, the largest single rate hike in nearly three decades. This move was seen as necessary to cool an economy that is running at its fastest pace in years.

The stock market initially sold off following the Fed’s announcement, but it has since recovered somewhat. This is likely due to the fact that investors believe that the Fed’s actions will be effective in slowing inflation. However, there is still some uncertainty about how the economy will respond to higher interest rates.

Inflation Remains a Concern

Inflation remains a major concern for investors. The Consumer Price Index (CPI) rose 8.6% in May, the highest level in over 40 years. This has eroded the purchasing power of consumers and has made it more expensive for businesses to operate.

The Fed is hoping that its interest rate hikes will help to bring inflation under control. However, it is difficult to say how quickly this will happen. In the meantime, investors are likely to remain cautious about the stock market.

Impact on Shares and the Overall Market

The Fed’s actions are likely to have a significant impact on shares and the overall market in the coming months. Higher interest rates will make it more expensive for companies to borrow money, which could slow economic growth. This could also lead to lower corporate profits, which could put downward pressure on stock prices.

Investors should be aware of these risks and should carefully consider their investment goals before making any decisions.

Finance

Here are the key details of the Deepak Chemtex IPO:

Here are some of the key strengths of Deepak Chemtex:

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Stock Performance Details:

Top Active Options for Cipla:

Cipla Share Price Comparison:

Today’s Price Range:

Cipla November Futures Analysis:

Cipla Live Updates:

Summary of Morning Trades:

Price Analysis Over Time:

Early Morning Trends:

Closing Highlights:

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IREDA IPO Overview:

Market Sentiment:

Subscription Status:

Key Details:

Expert Opinions:

Conclusion:

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Key Points:

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Share Repurchases: Unleashing Value for Investors

TCS Buyback: A Case in Point

Ex-Dividend Date: A Crucial Timing

Implications for Investors

Conclusion

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Stock Market today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices, and Indian stock markets for 15 November 2023.

Currency Market Live Updates: Rupee spurts 32 paise to 83.01 against dollar in early trade

Share Market Live Updates: MSCI adds 9 Indian stocks to Global Standard Index

Stock Market Live Updates: CAMS surges 5% to ₹2,821; records 17% net profit rise in Q2

Economic Indicators: Unemployment at record low; labour market undergoing transformation: SBI economists

Stock Market Live Updates: Dabur India stock declines by 1.07% on the NSE, trading at ₹524.45

Share Market Live Updates: PTC Industries jumps 5% on NSE post Safran deal for LEAP engine parts

Sensex Today: BSE Market Update: Advancing stocks lead, 150 hit upper circuit, 212 reach 52-week high

Stock Market Live Updates: RVNL stock surges 2.45% to ₹160.75 post receipt of LOA for rail infrastructure project

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Real-time YES BANK Share Price Updates

Delving into YES BANK’s Historical Share Price Data

Unlocking Expert Analysis for Informed Investment Decisions

Leveraging the Power of Technology for Market Insights

Stay Ahead of the Curve with YES BANK Share Price Insights

You May Like to Read About United Airlines Flights Trends & Facts

Inflation Remains a Concern

Impact on Shares and the Overall Market

You May Like to Read About Dubai Real Estate Trends & Facts

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