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HUDCO shares jumped 15% to a record high, while multi-bagger PSU stock has increased 369% in just a year.

HUDCO shares have increased by 141% in 2023. This became the company’s second consecutive year of positive returns in a calendar year; in 2022, it had also gained 34%.

At a record high of ₹233.85 on Friday, shares of Housing & Urban Development Corporation Ltd. (HUDCO) increased by as much as 15%. On Friday, the stock increased for the sixth session in a row.

HUDCO shares Market Live

CompanyValueChange%Change
Tech Mahindra1,280.50₹90.207.58
Divis Labs4,032.60₹188.804.91
LTIMindtree4,790.90₹156.203.37
Bajaj Auto8,951.35₹216.452.48
BPCL610.20₹6.801.13

Other Indices

IndexValueChange%Change
SENSEX73,896.41-443.03-0.60
NIFTY 5022,452.50-117.85-0.52
NIFTY Midcap 10050,637.40408.900.81
NIFTY Smallcap 10016,979.2592.450.55
NIFTY NEXT 5064,147.90443.450.70

Global Indices

NameIndex ValueChange%ChangeOpenHighLow
DAXApr 2618057.61140.330.7817920.7318060.4917920.73
Hang SengApr 2617651.15366.612.0817336.2017758.2417336.20
Taiwan WeightedApr 2620120.51263.091.3120094.1720226.2920087.61
NasdaqApr 2515611.76-100.99-0.6515375.2615644.5115343.91

Share price of Bajaj Finance and Bajaj Finserv fell 8% today; here’s why.

With today’s surge, the state-run company has gained nearly 20% this week and is likely to post its best week since January this year.

HUDCO has had a strong start to 2024. The stock is up 24% in April, followed by an 11% advance in February and a 37% gain in January. The stock had declined 2% in March. On a year-to-date basis, the stock is up nearly 80%.

Shares of HUDCO had gained 141% in the calendar year 2023. This was the second straight year of positive returns in a calendar year for the company, having gained 34% in 2022 as well.

Based on the charts, the Relative Strength Index (RSI), which is currently at 73, indicates that the stock has entered overbought territory. When the RSI exceeds 70, it indicates that the stock has reached the “overbought” zone.

Strong volumes have also contributed to Friday’s advances. Compared to the 20-day average of 76 lakh shares, about 8.1 crore shares of the company had already been traded.

RRB release link for examination fees refund: Check bank details update link and last date here.

HUDCO’s net profit for the December quarter increased to ₹519.2 crore, more than double. Additionally, revenue climbed by 18% for the quarter, reaching ₹2,012.66 crore. By the conclusion of the December quarter of the previous year, gross non-performing assets (NPA) had dropped to 3.14% from 4.27%.

The share price of HUDCO has increased 371% in the last twelve months. The Indian government also recently bestowed a “Navratna” classification upon the stock. The stock’s market capitalization, which is currently at ₹46,454 crore, has increased to around ₹50,000 crores as a result of this jump.

Share price of Bajaj Finance and Bajaj Finserv fell 8% today; here’s why.

Share price of Bajaj Finance: The non-banking financial firm predicted that its assets under management will increase by 26% to 28% in the fiscal year that began on April 1, 2024, as opposed to 34% growth in the year prior.

Friday’s trading saw a dramatic decline in Bajaj Finance Ltd. shares due to worries over the shadow lender’s growing profits. The stock fell 7.78% from its previous closing of Rs 7,293.90 to a day low of Rs 6,728.

In contrast to the previous year’s 34% growth, the non-banking financial organization predicted that its assets under management would expand by between 26% and 28% in the fiscal year that began on April 1, 2024. Over the next two quarters, the NBFC predicted that its net interest margin would decrease by 30 to 40 basis points (bps).

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Although Bajaj Finance reported a 21% increase in fourth-quarter (Q4 FY24) earnings, it stated that it was “cautiously optimistic” about the potential for additional “rear-ended” profit growth in fiscal year 2025.

Bajaj Finance also caused a roughly 4% decline in the share price of its parent firm, Bajaj Finserv Ltd., through what is known as a “rub-off effect.”

Share price of Bajaj Finance

How much did Yodha earn?, to be shown in OTT as well.

Brokerage views

Brokerage Emkay stated that despite the Reserve Bank of India’s (RBI) prohibition on EMI and e-com cards, which reduced PBT by about 4%, Bajaj Finance posted a strong set of results in Q4 FY24.

“In general, we observe that the company is making good progress toward its long-term strategy goals. We modestly adjust our forecasts to reflect the Q4 developments and management guidance, which will result in a 3–1% PAT change in FY25E–27E. We maintain our ‘Buy’ rating and our unchanged Mar-25E target price of Rs 9,000 per share, the statement continued.

The secured lending segment led the NBFC’s solid rise in AUM (Asset Under Management), according to Religare Broking, while margin continued to decline.

“The increase in cost of funds by 10bps QoQ/47bps YoY to 7.9 percent was the primary cause of the drop in margin. In light of the company’s growing percentage of secured loans in its portfolio, the management anticipates that the margin may fall by 30 to 40 basis points (bps) by H1 FY25.

“The management is waiting for the RBI to lift the card restrictions and anticipates that the credit quality will remain stable. In terms of finances, we project NII/PPOP/PAT to increase at a CAGR of 26%/24%/25% during FY24–26E. We retain our buy recommendation for Bajaj Finance with a target price of Rs 8,861, as we are still bullish on the company,” Religare stated.

RRB release link for examination fees refund: Check bank details update link and last date here.

The Railway Recruitment Boards (RRB) have chosen to offer a link to correct bank details as a final chance for reimbursement after several candidates had their examination fees returned due to inaccurate or incomplete bank information.

It is recommended that candidates who have not received their refund yet take advantage of this final chance to change their bank account information.

Phool from Laapataa Ladies and Bella Baxter from Poor Things are my feminist icons of the year.

A few applicants paid their examination fees using credit cards, RRB debit cards, UPIs, or Internet banking, and they chose to use the same payment method to receive their refunds. Now, the bank was unable to obtain the account details and issue a refund since their Internet Banking, RRB Credit Card, UPI, or Debit Card may have been closed or altered. It is also recommended that these candidates use the link to update their bank details.

RRB

All such candidates whose refund has not yet been processed will get an email and SMS on their registered email address and mobile number. Filling your Bank Account Details via the given link will require an OTP authentication.

A pair from Delhi known as “Spiderman” was exposed after a risky bike stunt video went viral. Observe

Candidates are requested to ensure that the Bank Account Number and IFSC Code entered are correct and are advised to carefully check their Bank Account Details and IFSC Code before submitting the same. It may be noted that modification of bank details after submission will not be possible.

How much did Yodha earn?, to be shown in OTT as well.

Yodha hero is Siddharth Malhotra. Sagar Ambrey and Pushkar Ojha directed. The heroine of the moment is Rani Khanna. Yoddha, starring Siddharth Malhotra, has reached OTT.

Yoddha is currently accessible on Amazon Prime Video on OTT at Rs 349, however it should soon be free for all users. With more than Rs 53.26 crores in revenue, Yoddha fell short of the massive global leap that many had anticipated, disappointing the eagerly awaited fans of the film. Jishnu Bhattacharjee is the cinematographer. Yodha music was composed by Tanishk Bagchi.

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Dharma Productions is the film’s producer. AA Films handles distribution. There are 130 minutes in all. Along with Disha Patani in the starring role, the film also has Ronit Roy Tanuj, Sunny Hinduja, SM Zaheer, Farida Patel Mikhail Yawalkar, and Chittaranjan Tripathi.

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Script written by Sagar Ambre. Yoddha is a thriller action movie. A spectacular performance by Siddharth Malhotra steals the show. Yoddha is a movie in which Siddharth Malhotra plays Arun Katyal. At the moment, Siddharth Malhotra is attempting to become one of the leading young Bollywood stars. Siddharth Malhotra excelled as a singer in the movie A Gentleman as well. Aside from movies like Shersha and Jabariya Jodi, Siddharth Malhotra is an actor who has captured the hearts of viewers with movies like Student of the Year, Ek Villain, and Thank God.

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“Laapataa Ladies” Phool and Bella Baxter from Poor Things are my feminist icons of the year.

Even though it’s just April, Phool from Laapataa Ladies and Bella Baxter’s divergent paths to feminism and eventual convergence is a masterwork of cinematic storytelling.

My grandma was an excellent chef. Even though her knees hurt, I can still picture her sitting next to the gas burner making her unique mohanthal mithais for Diwali. We used to hang together all the time. She would regale me with tales from her past, and I would massage her plump arms with delight as I listened. She would often remember how, when she was younger, her father would comb through her hair, unraveling each unkempt strand by strand. Every morning he would head out for work, and every evening he would come back with a picture of her favorite chaat.

When she married my grandfather, there was still a taboo against women entering public places that were seen as fundamentally masculine. It was uncool for a woman to be in a chaat store at that time. She ended her little evening ritual of having her new spouse bring her chaat because she was too nervous to ask.

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After her marriage, my grandma gave up more than just chaat. She suppressed her love for spicy food, particularly baingan ka bharta because my grandfather didn’t share her tastes. When she had completed her story and turned back to the present, I shrugged and said, “Toh aap apne liye bana leti.” “Akele apne liye kya banati,” she said with a smile and a small laugh. It wasn’t until I saw Laapataa Ladies last month that I understood what she was saying. The 2001 film, directed by Kiran Rao, tells the story of the mishaps that befall Phool and Jaya, two young brides who become stranded on the same train.

The pandemonium that follows sets off an unforeseen chain of events that takes them on a quest to understand the world and their role in it. In a clip from the film, which will be available on Netflix on April 26, Phool’s mother-in-law remarks idly, “I can’t remember what my favorite foods are.” “Do women cook for themselves?” she asks before returning to her work. I remember telling my grandmother, “Toh apne liye bana leti,” one moment as I was seated in the dark of the theater and the next. My distorted voice came to me from the past, and with it came the realization that I had done the same things my grandma had done.

Even though I had always enjoyed potatoes, I observed in our first year of marriage that my husband disliked them and I stopped preparing them altogether. It seemed more practical to prepare something we could both eat rather than cooking two different dishes, even though he never asked me to. I only give in to my love of potatoes now that I’ve been married for eight years—when I go back to my hometown, I eat an excessive amount of samosas.

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My domestic worker’s husband physically abused her a few months ago. Her scalp required five stitches to close. She manages the household, cooks, cleans, and looks after their two children. She is the family’s primary provider of income. I told her not to let him back into the house, but a few days later, he returned, apologizing and getting her a new sari. She was sorry for him. A few days prior, he got intoxicated, thrashed her once more, scared the children, and ruined the house. Manju Mai, an elderly woman who manages a tea shop at the station in Laapataa Ladies, experiences similar mistreatment from her husband.

One day, she retaliates and pushes him out of the house. My domestic worker couldn’t clobber her husband but she hasn’t let him enter the house again. She told me that it was my assurance of help that strengthened her resolve. In Poor Things, Godwin (Bella’s father figure) doesn’t stop her from going with Duncan even though he is aware that he has nefarious intentions. He gives Bella the freedom to make her own choices and learn from her experiences. When I narrate the incident of my domestic worker, most people wonder why she gave him a second chance. It’s easy to make decisions for others when we are at an advantage and the repercussions aren’t ours to face. Maybe my domestic worker will give her husband third, fourth, and fifth shots at redemption. As a woman in a position of privilege, all I can do is offer support no matter what she chooses.

JEE Main 2024 Girls Topper Sanvi Jain Shares Her Challenges.

Reject Items and Laapataa Women represent the two extremes of the feminist movement. However, they do not elevate guys who show concern, such as Deepak and Max, to a higher status than they do. Surgery is where Bella finds her calm. Phool holds Deepak’s hand and lets go of her ghoonghat. These are two remarkable and worthy women.

JEE Main 2024 Girls Topper Sanvi Jain Shares Her Challenges.

Many homes were happy when the JEE Mains 2024 session 2 results were recently announced. However, the fact that just two candidates—Sanvi Jain from Karnataka and Shayna Sinha from Delhi—out of the 56 who received a perfect 100 NTA score this year served as more evidence that men predominate in the engineering field.

Overcoming Challenges to Achieve Success

Sanvi Jain, who secured the 34th rank, is one of the two female toppers. 

In an interview with JEE Nexus by Unacademy, she discussed the challenges she encountered during her preparation for the exams. Jain opened up about the difficulties she faced while getting ready for the tests.

She said, “I had both ups and downs. Sometimes, I would not score well; then, I would have to see where I was going wrong in my concepts. Sometimes, I faced hardships while studying organic chemistry as it required me to memorize a lot. I did face some challenges, but I succeeded.”

JEE Main 2024

Admission to the National Institutes of Technology (NITs), Indian Institutes of Information Technology (IT), and other centrally supported technical institutes is through the JEE (Main) exam.

It is a requirement for the JEE (Advanced), registration which opens on Sunday. The JEE (Advanced) exam is only open to applicants who, based on their JEE (Main) result, reach the NTA cut-off.

Why did Bajaj Finance shares fall 8% in Q4 even though PAT and NII increased by double digits year over year?

Fifty-six applicants received a flawless score of 100 in the JEE Mains 2024. Of these applicants, seven each from Andhra Pradesh and Maharashtra, six from Delhi, and fifteen from Telangana. The son of a farmer from Washim in Maharashtra, Nilkrishna Gajare, achieved the highest rank, AIR 1.

Aspiring students should establish specific goals and prepare consistently and continuously for those goals, according to Gajare. To prevent feeling overburdened, he emphasizes the need to study subjects that genuinely interest you and suggests maintaining constant and ongoing preparation.

KKR vs PBKS IPL 2024: Kolkata Knight Riders vs Punjab Kings, fantasy team, squad.

KKR vs PBKS IPL 2024: Get the squads, playing XI predictions, and fantasy teams for Friday’s Indian Premier League game between the Kolkata Knight Riders and Punjab Kings.

In an attempt to turn around its last four consecutive losses, the Kolkata Knight Riders will play the struggling Punjab Kings (PBKS) at the Eden Gardens in Kolkata on Friday.

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Here are the predicted teams and line-ups for KKR vs PBKS:

Kolkata Knight Riders

  • Bat 1st: Phil Salt (wk), Sunil Narine, Angkrish Raghvanshi, Rinku Singh, Shreyas Iyer (c), Andre Russell, Venkatesh Iyer, Ramandeep Singh, Mitchell Starc, Harshit Rana, Varun Chakravarthy.
  • Bowl 1st: Phil Salt (wk), Sunil Narine, Angkrish Raghvanshi, Shreyas Iyer (c), Andre Russell, Venkatesh Iyer, Ramandeep Singh, Mitchell Starc, Harshit Rana, Varun Chakravarthy, Vaibhav Arora.

Punjab Kings 

  • Bat 1st: Sam Curran (C), Prabhsimran Singh, Rilee Rossouw, Liam Livingstone, Shashank Singh, Jitesh Sharma (wk), Ashutosh Sharma, Harpreet Singh Bhatia, Harpreet Brar, Harshal Patel, Kagiso Rabada
  • Bowl 1st: Atharva Taide, Jonny Bairstow, Sam Curran (C), Liam Livingstone, Jitesh Sharma (wk), Shashank Singh, Ashutosh Sharma, Harpreet Brar, Kagiso Rabada, Harshal Patel, Arshdeep Singh.

KKR vs PBKS IPL 2024

WICKETKEEPERS

Phil Salt (C), Jitesh Sharma

BATTERS

Shashank Singh, Ashutosh Sharma, Rinku Singh, Shreyas Iyer

ALL ROUNDERS

Andre Russell, Sunil Narine (C), Sam Curran

BOWLERS

Kagiso Rabada, Arshdeep Singh

Team Composition: KKR 5-6 RCB | Credits left: 11.5

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KKR vs PBKS SQUADS

Kolkata Knight Riders: Shreyas Iyer (c), Nitish Rana, Rinku Singh, Rahmanullah Gurbaz, Phil Salt, Sunil Narine, Suyash Sharma, Anukul Roy, Andre Russell, Venkatesh Iyer, Harshit Rana, Vaibhav Arora, Varun Chakaravarthy, KS Bharat, Chetan Sakariya, Mitchell Starc, Angkrish Raghuvanshi, Ramandeep Singh, Sherfane Rutherford, Manish Pandey, Allah Ghazanfar, Dushmantha Chameera, Sakib Hussain.

Punjab Kings: Shikhar Dhawan (c), Matthew Short, Prabhsimran Singh, Jitesh Sharma, Sikandar Raza, Rishi Dhawan, Liam Livingstone, Atharva Taide, Arshdeep Singh, Nathan Ellis, Sam Curran, Kagiso Rabada, Harpreet Brar, Rahul Chahar, Harpreet Bhatia, Vidwath Kaverappa, Shivam Singh, Harshal Patel, Chris Woakes, Ashutosh Sharma, Vishwanath Pratap Singh, Shashank Singh, Tanay Thyagarajan, Prince Choudhary, Rilee Rossouw.

Why did Bajaj Finance shares fall 8% in Q4 even though PAT and NII increased by double digits year over year?

Friday’s intraday trading saw an 8% decline of Bajaj Finance shares. They underperformed the benchmark Sensex, which gained almost 24% during the same period, with gains of only approximately 20% for the past year (through April 25).

The day after the company’s Q4 results were disclosed, Friday, April 26, saw a nearly 8% decline in Bajaj Finance shares. Following a previous closing of ₹7,293.90, Bajaj Finance shares began at ₹7,008.60. However, they plummeted as high as 7.8% to ₹6,728 on the BSE. At ₹6,743.45 a share, Bajaj Finance shares had a 7.55 percent decrease in trading at about noon. At that point, the equity benchmark Sensex was down 0.26 percent, trading at 74,147.56.

Why did Bajaj Finance shares tank?

For Q4FY24, Bajaj Finance reported a growth in net interest income and a solid profit. Nevertheless, it seems that investors were alarmed by the lender’s Q4 net interest margin shrinkage.

Thursday, April 25, after market hours, Bajaj Finance announced a 21% YoY increase in consolidated net profit of ₹3,825 crore for Q4FY24.

In Q4 of FY24, its net interest income (NII) increased by 28% YoY to ₹8,013 crore from ₹6,254 crore in Q4 of FY23.

Nonetheless, compared to Q3, the lender’s net interest margin (NIM) decreased by 21 basis points (bps) in Q4.

Non-performing assets, or gross NPA, were 0.85% and 0.37 percent, respectively, as of March 31, 2024, compared to 0.94 and 0.34 percent, on the same date in 2023.

As of the close on April 25, Bajaj Finance’s share price has gained about 20 percent over the last year, underperforming the benchmark Sensex, which has gained about 24 percent in the same period.

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Motilal Oswal downgrades Bajaj Finance stock

Despite a strong PAT CAGR of almost 25% over FY24-FY26E and a respectable RoA (return on assets) and RoE (return on equity) of 4.3% and 22%, respectively, in FY26E, brokerage firm Motilal Oswal Financial Services downgraded Bajaj Finance stock to a “neutral” after the Q4 results, pegging a target price of ₹7,800.

“Management’s guidance for FY25 is below its long-term guidance on multiple metrics such as AUM growth, credit costs, RoA, and RoE,” Motilal Oswal stated.

“Up until now, the secular growth segments have been Bajaj Finance’s main product categories. Though it has a well-diversified product mix, its entry into several more recent items, including vehicles, tractors, CVs, and even MFI, could (in the future) render its growth subject to cyclicality, according to the brokerage firm.

But Kotak Institutional Equities, which has a target price of ₹7,800, has stuck with its ‘add’ call on the company.

The brokerage firm stated that Bajaj Finance’s Q4FY24 earnings were consistent with the company’s strong 34% loan growth at the end of the year, despite a low base and NIM compression.

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“The normalization in business matrices (growth in the mid-20s, NIM compression due to rising rates and shifting business mix, a reversion in credit costs albeit improving operating leverage) will put near-term pressure and drive earnings cuts, even as overall performance remains healthy,” stated Kotak.

OTT News: ‘The Family Star’ is available on popular OTT. When did it start to stream?

The Family Star OTT News: Vijay Deverakonda plays the lead in the newest movie, “The Family Star.” The audience was not pleased with the movie that was launched on this month’s fifth. Given that the film’s theatrical run has just concluded, the OTT release date has been set.

The latest film “Family Star,” featuring hero Vijay Deverakonda, is available on OTT News. This film, which was directed by Parasuram Petla and produced by Dil Raju, fell short of expectations. This film also serves as a major test for Vijay Deverakonda’s celebrity. The first day’s minimum number of openers for this film was not met. ‘The Family Star’ is the lowest-grossing movie of Vijay Deverakonda’s career at the box office. After it runs in theaters, the movie will be available for streaming on Amazon Prime starting at midnight today. This time, an official statement was made public. Telugu and Tamil versions of the film will be accessible on Amazon Prime.

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When “Family Star” was released on April 5, it did not meet the expectations of the family audience as a clean family film. Despite having a compelling tale, the film was not well received by viewers because it felt like a daily serial. The on-screen chemistry between Vijay Devarakonda and Mrinal Sen was excellent in this film. Dil Raju is the producer of this film, working under the Sri Venkateswara Creations Production label. Those who were unable to see the film in theaters have the option to view it on an over-the-top platform.

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Under the name Sri Venkateswara Creations, Dil Raju and Shirish created the movie on a massive scale. The music for this film was composed by Gopi Sundar, who also wrote the music for the film Geetha Govindam. The creative producer in this case was Vasu Verma. Regarding Vijay Devarakonda’s movies, he welcomed the crowd with “Khushi,” which came out the previous year. Before that, Puri Jagannath directed the film “Liger,” which introduced him to an Indian audience nationwide. Gautham will shortly be welcomed with the Tinnanuri film. In this film, he will play a police officer for the first time.

From Local to International. Sports, Entertainment, Politics, Education, Jobs, Health, Lifestyle. A to Z Download the Zee Telugu News App now to get all the news in Telugu.     

SRH vs.RCB 2024: Virat Kohli reaches 400 runs this season and smacks his third half-century in the IPL.

Virat Kohli hammered a half-century in 37 balls in the match on Thursday between SRH vs. RCB 2024.

Virat Kohli of Royal Challengers Bangalore (RCB) broke the previous record when he scored his third half-century in the Indian Premier League (IPL) in 2024. At this point in the IPL season, he has scored 400 runs.

The former captain of India also amassed 4,000 runs in the richest T20 event in the globe while opening the innings. Having played nine IPL 2024 matches, Kohli’s average is 61.43. In nine games this season, Kohli has amassed 430 runs, with the top score being 113*.

However, Jaydev Unadkat’s slower bouncer quickly had Kohli at 51. While attempting a pull shot, Kohli struck a deep square leg instead. After hitting 51 runs off 43 deliveries, the star hitter left the game.

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In the contest on Thursday, Virat Kohli hammered a half-century in 37 balls. After Rajat Patidar left after hitting 50 runs off 20 balls, he gripped one end tightly.

Despite the setbacks, RCB defeated Sunrisers Hyderabad in their IPL match on Thursday, thanks to Virat Kohli’s tenacious fifty and Rajat Patidar’s forceful fifty off twenty.

Star batsman Virat Kohli and captain Faf du Plessis chose to bat first, and they made sure to give RCB a good start with the bat as they pummelled the SRH spinners all over the pitch.

T Natarajan was subsequently introduced into the attack by captain Pat Cummins, and the bowler handed his side a much-needed breakthrough when he removed RCB captain Faf du Plessis. Du Plessis was defeated by Natarajan’s slower bouncer.

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Cummins pulled Mayank Markande into the attack, and it paid off as he removed Will Jacks, who was never looking steady at the crease.

In Mayank Markande’s third over of the evening, Rajat Patidar unleashed a breathtaking assault, hitting the bowler for 27 runs. Along with hitting fifty in just 19 balls, star batsman Patidar also mentioned his partnership of fifty with Kohli.

After reaching fifty, Jaydev Unadkat took the crucial wicket for SRH by getting rid of the highly effective Patidar on the very next ball.

After hitting 51 runs in 43 deliveries, Kohli was removed by Unadkat with a weak shot, despite smashing a tenacious fifty within 37 balls. Taking out Mahipal Lomror, Unadkat claimed his third wicket of the evening in his 100th IPL encounter.

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After losing wickets at regular intervals, RCB was successful in scoring 206/7 in 20 overs.