PC Jeweller Share Price Surges On Preponing Meet To Discuss Share Buyback Proposal – Shares of the Delhi-based jewellery retailer rose for third straight day. – The stock surged as much as 35 percent to Rs 235.75 after it preponed board meet to discuss share buyback proposal on May 10 from May 25, PC Jeweller said in an exchange filing.
Gold Silver Reports (GSR) – Stocks To Watch: Fortis Healthcare, ICICI Bank, NHPC, Bodal Chemicals – The dollar drifted from a recent high. Equity benchmarks in Japan fluctuated and gained in Australia. Hong Kong futures climbed alongside S&P 500 Index futures. The MSCI Asia Pacific declined for a second consecutive week last week.
Gold Silver Reports (GSR) – Iran Opposes Higher Oil Prices, Signaling Divide With Saudis — Brent crude futures surged to almost $75 a barrel on Friday as traders braced for the possible re-imposition of U.S. restrictions on Iran. The Persian Gulf country’s regional arch-rival Saudi Arabia is said to want crude closer to $80 a barrel, in part to support a stake sale in state energy giant Aramco. The OPEC nations continue to clash in proxy conflicts from Syria to Yemen.
Trend Up ⇒ Buy Gold MCX Between 30950 – 30850, Stop Loss (CBSL) – 30699 Target – 31280 ↔ 31680 ↔ 31840 (Any Panic Buy)
Trend Up ⇒ Buy Silver MCX Between 39100 – 38900, Stop Loss (CBSL) – 38333, Target – 40370 ↔ 40810 (Any Panic Buy)
Gold Silver Reports (GSR) – Gift to Family Helps Wipe $2.6 Billion Off PC Jeweller Share Price — PC Jeweller Ltd. slumped about 40 percent in the past week after the company said that one of its founders, P.C. Gupta, made the gifts in off-market trades. While the shares rebounded 44 percent Friday, they’re still down 70 percent from the Jan. 19 record and the company’s market value has shrunk to 68.9 billion rupees ($1 billion).
Gold Silver Reports (GSR) – Radico Khaitan Stock Expects Double-Digit Revenue Growth In 2018-19 – Alcohol maker and distributor – Radico Khaitan expects double-digit growth in its revenue during the current financial year, its Chief Financial Officer Dilip Banthiya told BloombergQuint in an interview.