Thangamayil Jewellery shares rise 19%, up 50% in 4 sessions. What’s fuelling the sharp surge?
Thangamayil Jewellery surged 19% to a record high of Rs 3,089 after posting a strong turnaround in Q2FY26 and record sales in October. The company reported a net profit of Rs 58.5 crore versus a loss last year, while revenue jumped 45% YoY. October revenue crossed Rs 1,000 crore for the first time, driven by […]
3M India shares zoom 13% after reporting 43% YoY surge in Q2 PAT, ICICI Securities raises target price
Shares of 3M India surged 13% to Rs 34,700 after reporting a 43% year-on-year rise in Q2FY26 profit to Rs 191 crore. Revenue grew 14%, led by broad-based sales across all segments. ICICI Securities raised its target to Rs 35,700, citing strong auto demand and government-led infrastructure momentum.
IPO investors urged to stay patient amid volatile grey market trends: Deepak Shenoy
India’s auto sector shows renewed vigor post-GST rate rationalization, with passenger vehicles leading the recovery and two-wheelers showing optimism. Commercial vehicles, however, are expected to take longer to rebound, linked to broader capital expenditure. Meanwhile, investors are advised caution on IPOs, urging a wait for financial clarity post-listing.
S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
Artificial intelligence deals propelled the S&P 500 and Nasdaq higher on Monday, with Amazon’s $38 billion agreement with OpenAI and Nvidia’s chip allocation boosting tech stocks. Despite a foggy monetary policy outlook due to scarce economic data and a government shutdown, market sentiment was supported by positive trade news and dovish Fed commentary.
A month without data muddles the economic picture in the US
The US economy faces unprecedented uncertainty due to a prolonged government shutdown, halting crucial economic data. This data blackout, the longest in history, leaves economists and policymakers like the Federal Reserve struggling to assess the labor market’s health and inflation trends, akin to driving in heavy fog.
Asian stocks edge lower after Wall Street gains
Asian stocks opened lower Tuesday, diverging from Wall Street’s tech-driven gains fueled by AI enthusiasm. Traders eyed central bank decisions and economic data, with concerns over high valuations and the Fed’s policy outlook persisting despite strong equity market performance this year.
Gold buying by central banks up 10% in Q3
Investments in digital gold such as ETFs and similar products rose to 221 tonnes, up 134% on year, says WGC Report.
Will Groww’s IPO attract long-term investors amid market volatility and regulatory risks?
Groww, a leading online investment platform, is set to launch its IPO, aiming to raise over ₹6,600 crore. Funds will bolster subsidiaries, enhance cloud infrastructure, and support brand building. The company boasts strong user growth and a young demographic, positioning it for future wealth creation.
Are PSU Banks entering a new bull phase after stellar Q2 results?
Public sector banks are performing strongly. Their September quarter earnings have boosted investor confidence. Bank of Baroda and Indian Bank saw significant gains. Analysts note improved valuations and declining NPAs. This resilience makes PSU banks an attractive investment. Their performance outshines private banks and the broader market over the last six months.
Warburg in talks to sell its 26% stake in IndiaFirst Life
Warburg Pincus is in advanced talks to sell its 26% stake in IndiaFirst Life Insurance for approximately ₹10,000 crore. The private equity firm is approaching global strategic investors and PE funds for the exit, with bids expected in early December. Barclays is managing the deal, aiming for a March 2026 signing.