Havells would be more diversified with some positives coming from the rest of the durables growth. AC growth is expected to be strong and on wires and cables, obviously, they will also get impacted.
Gold and silver prices surged in India, tracking global trends, weaker dollar, and US-Iran dialogue hopes. Gold rose 1% while silver jumped 4%, amid thin
Jefferies downgraded Indus Towers to underperform, cutting its target amid contract renewal risks, rising capex, and competitive pressures. Potential tenant discounts, lower renewals, and high
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