Ethos ticks well on D-St with rising sales of luxury watches
Ethos added five new stores in the December quarter and 13 in the first nine months of FY25, taking the total count to 73 stores. The company aims to open six more boutiques by the end of FY25. It has signed six exclusive brand partnerships since April, with more collaborations in the pipeline.
Cut long-term capital gains tax to make India attractive again: Experts
As India remains one of the few countries that taxes foreign portfolio investors on the gains made in the country’s equities, some market participants said reduction in these taxes could make Indian equities more lucrative for these investors.
Broker and Exchange stocks tumble as trading volumes slip
The combined average daily trading volume in the equity segment of BSE and NSE fell 13% in February – a 15-month low – over the previous month in the wake of the slump in the stock market. It dropped 44% compared to the average turnover in 2024.
CLSA terms REC ‘high conviction outperform’
The brokerage, however, reduced the target price to ₹525 from ₹590 as REC is expected to see mid-teen growth instead of the 20% forecast earlier. The revised target price offers 39% upside potential from Monday’s closing price of ₹378.