Sunil Subramaniam of Sundaram Mutual Fund believes gold, despite being at record highs, is “costly but not expensive.” He attributes the rally to global de-dollarisation, central bank buying, and gold’s role as an alternative reserve asset. Emphasizing steady allocation, he recommends holding 10–15% gold in portfolios to navigate market cycles and long-term macro shifts.
BEL shares jump 4%, hit 52-week high after Nuvama raises target price post strong Q4 results
BEL shares: Nuvama highlighted that BEL’s Q4 margins improved to 30.6% from 26.7% quarter-on-quarter, exceeding market expectations of 24.7%. The management has reiterated its guidance