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Bajaj Auto lost around 8 percent on Friday afternoon as investors turned wary of its results that the company declared. The stock touched an intraday high of Rs 3,152.45 and an intraday low of Rs 2,864.00.India's third largest two-wheeler maker missed analysts' expectations by reporting a 20.7 percent year-on-year rise in its standalone net profit for the quarter ended June. The company's net profit came in at Rs 1,115.23 crore.
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   The initial public offering (IPO) of TCNS Clothing was subscribed over 2.08 times on Day 3 of bidding so far. The IPO, to raise Rs 1,125-crore, received bids for 2.29 crore shares against the total issue size of 1.09 crore shares, data available with the NSE as of 11:45 am showed. The portion set aside for qualified institutional buyers (QIBs) was subscribed 7 times, non-institutional investors 0.11 times percent and retail investors at 0.12 times. Price band for the offer has been fixed at Rs 714-716 per share.

Dr Reddy's Laboratories gained nearly 2 percent as company launched a capsules to treat frequent heartburn. The company announced the launch of Esomeprazole Magnesium Delayed-Release Capsules USP, 20 mg, an over-the-counter (OTC) in the United States market as approved by the US Food and Drug Administration (USFDA). 

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