Gold, silver shine again as prices rebound after two-week lull
Gold and silver prices are climbing again after a recent fall. Demand has shifted from the festive season to upcoming wedding purchases. This surge is linked to a weaker US dollar and concerns over a US government shutdown. Investors are showing renewed interest in these precious metals as safe-haven assets.
Tariffs on copper are not safeguard measures: US on India’s claim in WTO
The US has rejected India’s claim that its 50% copper tariffs are WTO safeguard measures, stating no basis for India’s proposed duty suspension on American goods. Washington asserts the tariffs, imposed August 1, are national security measures under Section 232, aiming to reduce foreign dependence on critical copper imports.
UP govt hikes sugarcane price for 2025-26 to ₹30/quintal ; ₹2.90 lakh cr paid to farmers in 8 yrs
Uttar Pradesh’s Yogi Adityanath government has announced a significant hike of ₹30 per quintal in sugarcane prices for the 2025-26 season, setting rates at ₹400 for early and ₹390 for general varieties. This move is expected to inject an additional ₹3,000 crore directly to farmers, underscoring the government’s commitment to their welfare and the revival […]
Jefferies, other brokerage firms lower Trent target price up to Rs 4,300 amid growth deceleration, LFL pressure
Brokerages, including Jefferies, Motilal Oswal, Elara Capital, and HDFC Securities, have trimmed target prices for Trent to as low as Rs 4,300 following Q2 results, citing growth deceleration, weak like-for-like sales, and muted consumer sentiment. Despite stable margins, analysts flagged moderation in revenue momentum and advised caution amid rising competition and valuation concerns.
Nuvama initiates coverage on Swiggy with ‘Buy’ rating, sets target at Rs 510 on strong food delivery momentum
Nuvama Institutional Equities initiated coverage on Swiggy with a ‘Buy’ rating and a target price of ₹510, citing its strong scale, improving profitability in food delivery, and early recovery in quick commerce. The brokerage highlighted Swiggy’s turnaround in execution, noting it now outpaces Zomato’s growth and stands among India’s largest hyperlocal delivery players.
Behind flashy numbers: How should investors view companies churning profits just before IPOs
New-age companies are increasingly showing profits just before IPOs, often due to one-time gains or accounting adjustments, raising concerns about sustainability. Investors are urged to scrutinize earnings quality and focus on cash flows and core operations rather than headline profits to avoid an overoptimistic view.
Cluttered SIP portfolio? Find out how many funds you actually need for effective diversification
Investors with multiple SIPs often feel their mutual fund portfolios are cluttered. Experts suggest focusing on diversification quality over quantity. Combining flexi-cap funds for adaptability with multi-cap or mid/small-cap funds for balance offers effective long-term diversification, provided investors maintain clarity of purpose, avoid overlap, and review portfolios periodically.
India set for 16–18% earnings growth in FY27, consumer stocks likely winners: Mark Matthews
Global market strategist Mark Matthews anticipates a significant rebound in India’s equity earnings growth starting next fiscal year, projecting 16-18% for the Nifty. He believes consumer stocks will likely benefit most from tax cuts and declining interest rates. Matthews also downplayed concerns about a US labor market downturn, citing healthy key indicators despite a government […]
Ola Electric shares slide 3% even as company rebuts ‘misleading’ report on battery tech
Ola Electric’s stock took a hit on Monday amidst swirling rumors. The company swiftly dismissed a report from South Korean media alleging improper acquisition of foreign battery technology. Ola firmly stated it has no desire for obsolete technology and highlighted that its cutting-edge battery production is already underway, with recent certification attained for its battery […]
Groww IPO allotment status likely today: Here’s how to check if you got the shares
Groww IPO saw strong investor demand, subscribed 17.6 times. Allotment results are expected Monday. Shares will be credited Tuesday, with listing on Wednesday. The IPO was valued at Rs 6,632 crore. Grey market premium indicates a modest listing gain. Investors can check allotment status on the registrar’s or stock exchange websites. Groww’s performance will be […]