Shares of V-Mart Retail soared almost 10 percent to their 52-week high on Thursday, extending gains for the second straight session after the firm posted robust results for the quarter ended June 2024 (Q1FY25). The stock rose as much as 9.8 percent to its 52-week high of ₹3,820 in today’s deals after a 6.66 percent … Read more
After experiencing three consecutive sessions of losses, Indian markets saw a rise of around one percent on Wednesday. This recovery was driven by a broad-based rally supported by positive global cues and the government’s proposal to restore indexation benefits on property sales, which boosted investor sentiment. Additionally, markets are keenly awaiting the Reserve Bank of … Read more
Global brokerage firm Nomura has increased its target price for Zomato to ₹280 from ₹225 while maintaining a ‘buy’ recommendation. This new target suggests a potential upside of over 9 percent. This comes after strong quarterly results for Q1FY25. Nomura highlighted Zomato’s significant growth potential and improving profitability in both its food delivery (FD) and … Read more
Investors who were allotted shares of DOMS Industries in December are likely happy with their investment decision, as the company’s stock has been on a bull run since listing, consistently reaching new all-time highs each month. The shares are currently trading at ₹2,394 apiece, which indicates a 203% premium to the IPO price of ₹790. … Read more
In a recent note, Rohit Sarin, Co-Founder of Client Associates, highlighted the notable momentum gained by India’s defence sector over the past five years. Supported by government initiatives like “Make in India” and a growing emphasis on self-reliance, the sector has experienced a significant rise in stock prices. The critical question arises: Are these defence … Read more
Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 percent increase. Meanwhile, over the … Read more
Investing, a crucial aspect of financial planning, requires a strategic approach that aligns with individual goals and time frames. Whether it’s equities, debt funds, or other asset classes, having a clear investment horizon is imperative for optimising returns and managing risk effectively. Investing with a time frame: Importance across asset classes When it comes to … Read more
The Nifty FMCG index continued its upward momentum, marking a new milestone with a record high of 59,587 points on Thursday, extending its winning streak for the fifth consecutive trading session. It gained 0.40% during the session, accumulating a 4.3% increase over the past five sessions, bringing it closer to the 60,000 level. The index … Read more
Gold has outperformed all other asset classes in the current calendar year so far, not only maintaining its physical allure but also generating substantial returns. At the start of 2024, the price of spot gold was trading at $2,062 per ounce, while it is now valued at $2,391 per ounce, marking a rise of 16%. … Read more
Silver prices extended their winning streak for the eight consecutive trading session today to hit a 3-week high of ₹92,550 per kilo on the MCX as softer-than-expected US economic data reinforced expectations for Federal Reserve interest rate cuts. Prices have rallied 6% in July so far, on track for the biggest weekly gain since mid-May. … Read more