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Stock-specific actions drive movement in select midcap names
Corporate actions lifted select stocks as investors reacted to growth outlooks, stock splits, and bonus issue announcements across midcap companies.
Several Indian stocks moved sharply on company specific developments, highlighting continued investor interest in corporate actions. Kaynes Technology gained up to 6 percent after brokerages reiterated confidence in its long term structural growth prospects. Nuvama Wealth announced a 10:2 stock split scheduled for December 26, while Moneyboxx Financial declared a 1:1 bonus issue with an ex-date of December 15.