JM Financial has initiated coverage on Kalyan Jewellers with a ‘buy’ rating, setting a target price of Rs 700. This optimism stems from Kalyan’s strategic store expansion, improving financials, and the favourable trends in India’s jewellery sector.
Bond supply may outweigh demand, push yields higher
Bond yields in India are anticipated to increase in the latter half of this fiscal year. This rise is primarily due to higher government borrowing