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NSE share market NEWS tomorrow (28 May, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (28 May, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 28 May 2024

Nuvama Wealth was amongst the top gainers, currently trading at 5044.35 in NSE with 3.763 times change in volumes and 3.787% change in price. Other gainers included Glenmark Pharmaceuticals with 3.64% price change and 0.941 times volumes, Patanjali Foods with 3.249% price change and 3.485 times volumes, Divi S with 3.216% price change and 0.849 times volumes, and Exide Industries with 3.146% price change and 1.898 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Inox Wind was amongst the top losers, currently trading at 147.75 in NSE with 11.16 times change in volumes and -9.991% change in price. Other losers included Bharat Dynamics with -5.916% price change and 0.822 times volumes, 8 20 with -4.941% price change and 0.912 times volumes, Ireda 8 with -4.346% price change and 0.819 times volumes, and Amber Enterprises with -4.334% price change and 2.047 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

All procedure followed for share sale, says REL Chairperson Rashmi Saluja. Refuting allegations by Burman family, Religare Enterprises Ltd (REL) Executive Chairperson Rashmi Saluja said the share sale by her was in accordance with procedure and approval of the board. Earlier this month, Burman Family, who are locked in a pitched

Maruti Suzuki India likely to set up at least 400 service outlets in FY25. Akella explained the distribution of these service touchpoints between main urban centres and other regions

Amara Raja Q4 result: Net profit rises 62% to Rs 228 cr on strong demand. BENGALURU (Reuters) - Indian battery maker Amara Raja Energy & Mobility posted a rise in quarterly profit on Tuesday, helped by strong demand for its batteries from the automobile companies.

Jagran Prakashan Q4 results: Profit down 74% at Rs 6 cr, revenue up 10.9%. Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Tuesday reported a 74.1 per cent decline in its consolidated net profit to Rs 6.02 crore for the fourth quarter ended on March 31, 2024. The company had posted a net profit of Rs 23.27 cr

Infra.Market raises million from existing investor MARS Unicorn Fund. Infra.Market intends to use the proceeds of the latest raise to cater to newer global markets and increase its presence across product verticals

Brigade Q4 results: Profit up 234%, revenue rises 102% on strong demand. In FY24, Brigade launched 5.26 million square feet in the residential sector and 0.94 million square feet in the commercial sector

China's BYD launches new hybrid vehicle tech with lower fuel consumption. Plug-in hybrids priced from 79,800 yuan (,011) have made up the bulk of BYD's sales in the past three years, with an accumulated 3.6 million such cars sold by the company

NBCC Ltd Q4 results: Consolidated net profit rises 26% to Rs 136 crore. State-owned construction firm NBCC Ltd on Tuesday reported a 26 per cent growth in its consolidated net profit to Rs 136.08 crore for the quarter ended March 2024. Its net profit stood at Rs 108.4 crore in the year-ago period. Income from operations rose t

IRCTC Q4 results: Net profit rises 2% to Rs 284 cr, revenue up 19%. The IRCTC board has declared a final dividend of Rs 4 per share of face for the financial year 2023-24

360 One bets big on health care, technology, and financial services. Nath said its secondaries fund is India's first which is addressing a massive, untapped market, building on a strong relevant track record

Gensol Engineering Ltd Q4 results: Net profit jumps three-fold to 20 cr. Gensol Engineering Ltd on Tuesday reported a nearly three-fold jump in its consolidated net profit to Rs 20 crore during the March 2024 quarter, on account of higher revenue. It had posted a profit after tax (PAT) of Rs 7 crore in the year-ago period, the

Hindalco Industries looks to garner 5 million via Novelis US IPO. To offload 45 mn shares, or 7.5% stake, at -21 apiece; values arm at .6 bn

ABFRL Q4 results: Net loss at Rs 266.35 crore, revenue at Rs 3,406.65 cr. Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory

GIC Re Q4FY24 results: Net profit increases 3% to Rs 2,642.48 crore. For FY24, net profit came in at Rs 6,497.30 crore, up 2.9 per cent over the net profit of Rs 6,312.50 crore recorded in the same period last fiscal

ITC Hotel Ltd's demerger plan gets approval from competition watchdog. The Competition Commission of India (CCI) on Tuesday approved the demerger of the hotel business of diversified entity ITC Ltd into a separate entity. After the completion of the demerger, shares of ITC Hotels Ltd, a new entity, will be listed on the stock

Timken India promoter pares 6.6% stake for Rs 1,956 cr through open market. Timken Singapore Pte, promoter of bearings-maker Timken India, on Tuesday offloaded a 6.6 per cent stake in the company for Rs 1,956 crore through open market transactions. Axis Mutual Fund (MF), Nippon India MF, UTI MF, HDFC Life Insurance, Morgan Stanley

AI Express cabin crew union, airline management discuss various issues. Representatives of a cabin crew union at Air India Express and airline management on Tuesday held discussions on salary and other issues during the meeting convened by the labour department as part of the ongoing conciliation proceedings, according to a so

Licious gears up for IPO with new CFO Karishma Gupta, profit pursuit. The Bengaluru-based fresh meat company has over 500 Licious stores opening across 20 cities in the next five years as it targets operating profit by the end of the current financial year

Wockhardt Q4 results: Net loss at Rs 177 cr, revenue rises to Rs 700 cr. Drug firm Wockhardt on Tuesday reported a consolidated net loss of Rs 177 crore for the fourth quarter ended March 31, 2024. The company had reported a net loss of Rs 237 crore in the January-March quarter of 2022-23. Revenue from operations stood at Rs 70

Promoter of Inox Wind divests 4.6% stake for Rs 904 cr via open market. Inox Wind Energy, one of the promoters of Inox Wind Ltd, on Tuesday divested a 4.6 per cent stake in the company for Rs 904 crore through open market transactions. Inox Wind is India's leading wind energy solutions provider. It is a subsidiary of Inox Wind

FY16-23: Indian companies grew 1.2x in R&D compared to global peers. Indian firms consistently score higher on R&D disclosures as compared to global firms, said the study

Top EV ride-hailer BluSmart seeks 0 million in 3 yrs to expand car fleet. Part of the funding it raises will go toward the company's expansion beyond Delhi and the southern Indian city of Bengaluru. BluSmart will launch in Dubai next month with about 100 Audi EVs

Now, Adani Group plans to enter India's digital payment, e-commerce spaces. The Adani Group plans to offer new services through its consumer app, Adani One, which was launched in late 2022. The app currently offers travel services such as flight and hotel bookings

Q4 results today: IRCTC and NBCC India among 371 firms to post earnings. Q4FY24 company results: IIFL Finance has delayed its earnings announcement beyond May 30, due to a special audit by the RBI

Space startup Agnikul calls off maiden rocket launch for fourth time. Launches of India's second privately built rocket, and first using a combination of gas and liquid fuel, had been aborted three times before because of technical issues

Sony appoints Walt Disney executive Gaurav Banerjee as new India CEO. Banerjee has resigned from Disney's India unit where he was the head of content for its streaming service

Danfoss calls for means to help India get closer to net-zero ambitions. Climate change and rapid urbanization is likely to result in increased demand for food, water and energy, Ravichandran Purushothaman, President, Danfoss India has said. Danfoss engineers solutions that increase machine productivity, reduce emissions, lower

Claims of KAL Airways, Maran on damages 'legally untenable': SpiceJet. In an escalation of the ongoing dispute, SpiceJet on Tuesday said the claims made by KAL Airways and Kalanithi Maran for more than Rs 1,323 crore in damages are baseless and legally untenable. On Monday, KAL Airways and Kalanithi Maran said they will seek

Adani One app may offer digital payments soon: All you need to know. Adani One app explained: In November 2022, Adani Group announced plans to roll out a 'super app' that would converge all its services. A month later, they launched Adani One

Adani Enterprises board approves Rs 16,600 crore fundraising via QIP. Adani Energy Solutions had earlier announced its plan to raise up to Rs 12,500 crore through QIP or other permissible modes

TCS, IIT Bombay to build India's first quantum diamond microchip imager. Tool is used to detect anomalies in semiconductor chips without damaging them

May enter into health insurance, explore inorganic options: LIC chairman. LIC chairman Siddhartha Mohanty has said that the insurer would enter into the health insurance segment and can explore inorganic options if such an opportunity arises. There are expectations that composite licences may be permitted by amending the Insuran

Paytm Insider announces elevation of Varun Khare to position of COO. Prior to this, Khare was the business head of live entertainment (intellectual properties and partnerships) at the company

RITES Q4FY24 results: Net profit marginally declines to Rs 137 crore. State-owned RITES Ltd on Tuesday reported a marginal fall of 1.59 per cent in its consolidated net profit to Rs 136.67 crore for the March quarter on account of fall in revenues. It had posted a profit of Rs 138.89 crore for the year-ago period, the compan

Coal India incorporates new subsidiary for coal-to-chemical business. State-owned Coal India on Tuesday announced the incorporation of a subsidiary firm, Bharat Coal Gasification and Chemicals Ltd (BCGCL) for undertaking a coal-to-chemicals business. Coal India (CIL) holds a majority 51 per cent stake in the new entity while

TVS Supply Chain Solutions Q4 results: Consolidated PAT at Rs 5.38 cr. TVS Supply Chain Solutions Ltd has reported a consolidated profit after tax of Rs 5.38 crore for the quarter January-March 2024. The city-based integrated supply chain solutions company registered a consolidated net loss of Rs 12.35 crore in the correspond

3M India Q4 results: PAT increases 27% to 173 cr, revenue up by 19%. Shares of the company, which makes everything from 'Scotch' tape and 'Post-it' notes to power tools and medical products, rose as much as 11.8% to 34,599 rupees, their highest in nearly four months

TVS Supply Chain Solutions reports net profit at Rs 5.4 crore in Q4. The company posted a 4.5 per cent year-on-year increase in revenue from operations to Rs 2,426 crore during the quarter ended March 31, 2024, as against Rs 2,321 crore in the same period last year

NMDC Steel Limited depicts Chhattisgarh's Dhokra art in new logo. Dhokra is a craft form of the Harappa and Mohenjo Daro civilisation

MedPlus Health Q4 results: Consolidated net profit up 25.6% at Rs 33.39 cr. MedPlus competes with Reliance-owned Netmeds and Apollo Pharmacies among other retail pharmacies in the Indian OTC drugs market

Volkswagen Group hits 1.5 million vehicle manufacturing mark in India. 30% of the Group's India production is exported

Reliance signs deal with Russia's Rosneft to buy oil in roubles: Report. A term deal with Rosneft also helps privately run Reliance to secure oil at discounted rates at a time when the OPEC+ group of oil producers is expected to extend voluntary supply cuts beyond June

Jet insolvency: JKC withdraws Rs 200 cr escrow plea after NCLAT ruling. The Jalan Kalrock Consortium (JKC), the successful bidder of the grounded Jet Airways, on Tuesday withdrew its plea before the NCLAT to move Rs 200 crore, which it paid to lenders, to an escrow account. The withdrawal comes after the National Company Law A

NCLAT upholds Adani Goodhomes plan with 93% haircut for Radius Estate. Insolvency Appellate Tribunal NCLAT has upheld orders approving Adani Goodhomes' resolution plan for realty firm Radius Estate with a 93 per cent haircut for creditors. A two-member bench comprising the NCLAT Chairman rejected the petitions by two dissenti

OpenAI sets up safety committee led by CEO as it starts training new model. The committee will be responsible for making recommendations to the board on safety and security decisions for OpenAI's projects and operations

Adani Enterprises board approves Rs 16,600 crore fundraise via QIP. The proceeds will be used by Adani Enterprises Ltd (AEL) for its various projects, including the expansion of airports

LIC aims for double-digit premium growth in FY25, aided by product launches. Explore stake buy in standalone health insurer

Infosys partners with Germany's Commerzbank to transform trading ecosystem. Indian IT major Infosys on Tuesday said it has collaborated with Commerzbank, a German bank, and Murex, which is into trading, risk management and processing solutions for capital markets, on a successful "go-live" or operationalisation of a consolidated,

India may get Swedish PE major EQT boost with up to bn funding. Swedish PE major planning to invest the amount this financial year

BluSmart launches BluSmart Charge app, opens EV charging service to public. Alongside the charge app launch, BluSmart also expanded its charging infrastructure network and achieved a significant milestone by opening its 50th EV charging hub

Nalco Q4 results: PAT rises two-fold to Rs 996.7 cr on lower expenses. State-owned Nalco on Monday reported two-fold rise in consolidated profit to Rs 996.74 crore for the March quarter on the back of lower expenses. The company had posted a consolidated profit of Rs 495 crore in the March quarter of FY23, National Aluminium

Fitch changes Softbank-backed Oyo's long-term rating from 'B-' to 'B'. Oyo had around 0 million in cash at end-March 2024, a committed undrawn facility of million, and Fitch expects the company to generate about million in free cash flow in FY25

Jewellery chain Senco Gold aims 15-20% growth in revenue, profit in FY25. Leading jewellery chain Senco Gold Ltd is looking at 15-20 per cent growth in revenue and profit in the current fiscal, despite rising prices of the yellow metal and global uncertainties. The jeweller is also planning to add 15-20 stores in the current 202

LIC Q4 results: Net profit rises 2.5%, dividend declared at Rs 6 per share. The government who is the largest shareholder in the company will get a dividend of Rs 3,662 crore

Valuations may offset Q4 show, growth outlook for Divi's Laboratories. The company delivered a strong revenue and operating performance in the March quarter

Dish TV Q4 results: Net loss widens to Rs 1,990 cr, revenue declines 19%. Direct-to-home broadcast service provider Dish TV India on Monday said its consolidated net loss widened to Rs 1,989.69 crore in March 2024 quarter due to impairment of investments in OTT business Watcho as well as property, plant and equipment. The compan

AstraZeneca Q4 results: Net profit jumps 128%, revenue rises 34.59%. Strategic collaborations played a crucial role in AstraZeneca's achievements, particularly in enhancing diagnostic capabilities and treatment outcomes

UltraTech Cement offers to acquire 31.6% in UAE-based RAK Cement Co. Aditya Birla group firm UltraTech Cement on Monday said it has made an offer to acquire a 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This would be done by UltraTech Cement Middle East Investment

NMDC Q4 results: Net profit falls 38% to Rs 1,416 crore on higher expenses. State-owned iron ore miner NMDC on Monday reported a 38 per cent fall in its consolidated net profit to Rs 1,415.62 crore for the March quarter on account of increased expenses. It had posted a profit of Rs 2,276.94 crore for the year-ago period, the compa

Ambani sets sights on African telecom market, plans to develop 5G infra. Radisys Corp., a unit of Ambani-controlled Reliance Industries Ltd., will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo

Blistering summer helps Varun Bev, Havells, Voltas, others improve earnings. Heat waves are accelerating the penetration of many cooling products like air conditioners and refrigerators, an industry expert said

Q4 results today: LIC, NMDC, AstraZeneca among 303 firms to post earnings. Q4 FY24 company results: Elgi Equipments, Natco Pharma, Nalco, Goodyear India, and IFB Ind will be releasing their fourth quarter report on May 27

Aster undertakes Rs 250-cr expansion in Bengaluru, plans to add 350 beds. Aster CMI Hospital, located in Hebbal, Bengaluru, spans 445,000 square feet. With this development, the company is strengthening its presence in Bengaluru, bringing its total bed capacity to 1,602

Zypp Electric raises million funding from Japanese firm ENEOS. EV-as-a-service platform Zypp Electric on Monday said it has raised USD 15-million funding from Japanese firm ENEOS. The series C funding comprises USD 15-million in equity closure, as part of its ongoing USD 50-million round, which comprises USD 40-millio

Kalanithi Maran to seek over Rs 1,323 crore in damages from SpiceJet. KAL Airways and its promoter Kalanithi Maran have decide to challenge an arbitral award requiring SpiceJet and Ajay Singh to refund Rs 579 crore plus interest to Maran

DCM Shriram Industries Q4 results: Net profit rises 23% to Rs 38.64 crore. DCM Shriram Industries on Monday posted a 23 per cent rise in consolidated net profit at Rs 38.64 crore for the fourth quarter of the 2023-24 fiscal from a year earlier, on lower expenses. The company, which is into sugar, industrial fibre and chemicals bu

Realty firm Sobha looking to up equity capital to Rs 10,000 cr in 5 yrs. Realty firm Sobha Ltd is looking to increase its equity capital by four times to Rs 10,000 crore over the next five years to support future expansion plans and is set to launch a rights issue this fiscal year to raise around Rs 2,000 crore. Bengaluru-based

Cochin Shipyard gets 60 mn euros order for hybrid SOVs from UK operator. India's leading shipyard, Cochin Shipyard Limited (CSL), on Monday said it has secured another prestigious international order from North Star Shipping, a top UK-based offshore renewable operator, for the construction of a hybrid Service Operation Vessels

Adani Energy Solutions board approves fundraising of up to Rs 12,500 crore. Adani Enterprises last week also announced that the company's board of directors will meet on Tuesday

ONGC's high investments to delay deleveraging over next 12-24 months: S&P. A step-up in investments at Oil and Natural Gas Corp (ONGC) will slow down its deleveraging over the next 12-24 months, eroding headroom for the state-owned firm's 'bbb+' standalone credit profile, S&P Global Ratings said on Monday. Stating that ONGC's fin

Anil Agarwal's Vedanta considering bn share sale in coming weeks. Shares of Vedanta have gained 78% this year, giving the company a market value of about .6 billion

Mamaearth parent acquires cosmetic formulation brand CosmoGenesis. Founded by Rohini Manoj in 2011, CosmoGenesis has until now facilitated over 5,000 cosmetic and personal care formulations for businesses in India using its fully-equipped, state-of-the-art laboratory

KAL Air, Maran to seek Rs 1,323 crore in damages from SpiceJet, Ajay Singh. For the last several quarters, SpiceJet has been grappling with a cash crunch amid multiple legal battles over unpaid dues to aircraft lessors, engine lessors, lenders, and Maran

GoAir temporarily loses slots and foreign bilateral rights amid insolvency. Bilateral air service agreements between airlines and countries allow them to operate international flights; slots for these flights are allocated by the DGCA and civil aviation ministry

Indya raises Rs 50 crore funds from Sangita Jindal, JSW, others. Three fourths of the funding is equity infusion for a minority stake, while the rest is debt, Indya's co-founder Shivani Poddar said

Allahabad HC summons ICICI Bank chairman over employing recovery agent. Allahabad High Court has asked ICICI Bank chairman to personally appear before the court and file an affidavit to explain why the bank used collection agents despite a Supreme Court prohibition

HCLTech collaborates with Arm to develop custom silicon chips for AI. The partnership will bring to market solutions that enable semiconductor manufacturers, system original equipment manufacturers (OEMs)

Adani Energy Solutions board approves raising Rs 12,500 crore through QIP. Adani group to begin roadshows to raise bn; proceeds to be used for expansion, refinance old loans

Goodyear India Q4 net loss at Rs 4.2 cr on weak demand for tractors, trucks. The Indian unit of U.S.-based Goodyear Tire's standalone net loss stood at Rs 4.21 crore (6,606.34) for the three months to March 31 from a profit of Rs 33.61 crore a year earlier

Fischer Medical Ventures makes India's first indigenous MRI system. Eyes acquisitions to broaden medical tech reach

Coal scam: Court convicts Maha-based co, directors for criminal conspiracy. A Delhi court on Monday convicted a Maharashtra-based company and two of its directors for cheating and criminal conspiracy in a case related to irregularities in the allocation of a coal block in the state. This was the 16th case related to the alleged co

As Ambani eyes Africa with new telecom venture, should Airtel be worried?. Reliance Industries Ltd, through its subsidiary, is set to offer cutting-edge 5G shared network infrastructure solutions in Africa in collaboration with a local company supported by Ghana

Vodafone Idea announces extra data offer for 4G and 5G consumers. Many smartphone users in India do not maximise the potential of their 4G/5G mobile devices due to a lack of sufficient data

Nykaa appoints Santosh Desai as independent director on its board. Desai served as the CEO of Future Brands for nearly 17 years. He has also served as the president of McCann, one of India's premier advertising agencies

JM Financial ARC's capital adequacy falls below regulatory requirements. Existing investors to infuse up to Rs 1,000 crore equity

LIC Q4 results: PAT rises 2% to Rs 13,763 cr, total income at Rs 2.5 trn. Insurance behemoth LIC on Monday posted a marginal 2 per cent increase in net profit at Rs 13,763 crore in the fourth quarter ended March 2024. The insurer had earned a profit of Rs 13,428 crore in the corresponding quarter a year earlier. The total income

IOC, GAIL, ONGC fined for 4th straight quarter for not appointing directors. State-owned oil and gas giants including IndianOil, ONGC and GAIL (India) Ltd have been slapped with fines for the fourth straight quarter for failing to meet listing requirements of having the requisite number of directors on their board. Stock exchanges

Expect sales to grow faster than industry this fiscal: JLR India official. Tata Motors owned Jaguar Land Rover expects to grow faster than the luxury car segment this fiscal, as it bolsters localisation and expands product range, according to a top company executive. The company, which is set to commence local assembly of Range R

Noida-based Paytm General Insurance withdraws application with Irdai. The company will focus on its insurance distribution portfolio, moving away from making insurance products

Reliance's tech pact with Norway's Nel to accelerate new energy investments. Reliance Industries Ltd's technology partnership with Norway's Nel ASA will help accelerate its new energy investments, including in the production of green hydrogen that will aid billionaire Mukesh Ambani's pivot towards green energy. Reliance (RIL) on Ma

South India office market on the fast lane driven by IT sector, GCCs. Real estate management firm JLL reports that the combined share of southern cities in India's annual net absorption has remained between 54-56 per cent during 2022 and 2023

BharatPe, PhonePe amicably settle trademark disputes over 'Pe' suffix. The settlement concludes five-year-long legal disputes across multiple courts

IndiGo airlines reschedules and cancels some flights due to Cyclone Remal. According to the Kolkata Airport Authority, a total of 394 flights that were scheduled for arrival or departure including domestic and international have been suspended from Sunday noon to Monday 9 am

Adani Ent, Adani Energy Solutions to consider fundraising next week. A year ago, Adani Enterprises and Adani Energy Solutions had sought board and shareholder approval for a similar proposal of raising up to Rs 12,500 crore and Rs 8,500 crore, respectively

APSEZ creates record of docking largest container ship at Indian port. Adani Ports and Special Economic Zone Ltd (APSEZ) on Sunday said its flagship Mundra Port has created yet another record by welcoming the largest container ship to call at an Indian port. The vessel, MSC Anna, docked on May 26 at Mundra Port. MSC Anna is a

Can Google make India a hub for mobile phone assembly like Apple?. Apple Inc sold more than 7.5 million iPhones in India last year, according to estimates

Reliance Consumer Products to focus on beverages, Independence brand. Biscuits to be the next focus for the company

Leh-bound SpiceJet flight suffers bird hit; returns safely back to Delhi. A Leh-bound SpiceJet aircraft suffered a bird hit on Sunday morning and returned to the national capital, according to the airline. The plane landed back safely and the passengers were deplaned normally. A source said the Boeing 737 plane had around 135 pe

Affle (India) Q4FY24 results: Net profit jumps 40% YoY to Rs 87 crore. Affle (India) Ltd Q4 results: The company's revenue from operations increased by 42.26% to Rs 506.22 crore in Q4, compared to Rs 355.82 crore reported in the year before

EID Parry India Q4 results: Consolidated net proft at Rs 294.30 crore. E.I.D. Parry India Ltd has reported a consolidated profit after tax for the January-March 2024 quarter at Rs 294.30 crore, the company said. The city-based sugar manufacturer had registered a consolidated PAT at Rs 286.90 crore during the corresponding qua

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