Does selling a stock worth rs. X add rs. X to the margin available?

rishiswethan
Does selling stock worth Rs. X add Rs. X to the margin available so that I can use the added money to buy more shares in another company.

Example:
I buy rs.1000 worth of TCS stock the previous day and I sell it today. Does Rs.1000 get added to the available margin so that I can purchase Rs. 1000 worth of TATAMOTORS
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