Shares of Kalyan Jewellers India Ltd. rose after the company witnessed revenue growth (YoY) of 60% for our India operations during the September quarter. In its q2 business update filed with the exchanges, the company said that there was robust momentum in both footfalls and revenue across all markets in India and Middle East, despite lockdown-related disruptions.
Spot Silver Report: Selling Zone at $23 —$23.20 | Gold Silver Reports
Spot silver shorts at $22.50—$22.60 Target $22.20—$22.10, perhaps as far as $21.85/$21.80. If we continue lower look for $21.65 & $21.45—$21.40.
Tata Motors Jumps After Morgan Stanley Upgrades Citing Outlook
Tata Motors Reports: The next two years could be “strong” for Indian autos and particularly Tata’s business, because of its lean cost structure, refreshed model portfolio and leverage, Morgan Stanley says, upgrading Tata Motors’ stock.
India Plans to Allow 20% Foreign Investment in Insurer Planning Nation’s Biggest IPO
India is considering a proposal for foreign investors to own as much as 20% in Life Insurance Corporation, according to a person with knowledge of the matter, which would enable them to participate in the nation’s biggest initial public offering.
India Has a Love-Hate Relationship With Gold | Gold Silver Reports
India has a love-hate relationship with gold. Indians love gold. Indian policymakers hate that they love it.
An estimated 24,000 tonnes of gold lies unused with Indian households and religious institutions, according to a 2018 report by the NITI Aayog. From time to time, efforts have been made to bring this gold into the productive economy — from gold monetisation schemes to gold bonds and now the gold stock exchange.
Marico Shares Rise After September Quarter Business Update
Shares of Marico Ltd. rose 3.81% in intraday trade, the most in over a month, to Rs 579.2 apiece after the company said that the consumer sentiment remained healthy in India business.
Stocks For Today – 06-10-2021
- Godrej Consumer Products: The company expects to deliver high single-digit sales growth with another quarter of double-digit 2-year CAGR during July-September quarter. It expects operating margins to contract during the quarter driven by a lag between the rise in input costs and increase in end consumer pricing. India sales growth expected to be in double-digit during the second quarter, driven largely by volume growth and calibrated price increases.