Gold Silver Reports (GSR) – Gold Prices Will Rally Further, Reaching $1,800 Per ounce from just Above $1300 — Egyptian billionaire Naguib Sawiris said in an interview Monday that he believes gold prices will rally further, reaching $1,800 per ounce from just above $1,300 now, while “overvalued” stock markets crash.
Interglobe Aviation Stock Rebounds From Friday’s Sharp Fall
Gold Silver Reports (GSR) – Interglobe Aviation Stock Rebounds From Friday’s Sharp Fall – Shares of the Gurugram-based budget airline rebounded from Friday’s sharp fall and rose 0.7 percent to Rs 1,417.65. International brokerage JPMorgan has maintained an ‘overweight’ on InterGlobe Aviation stock for target price of Rs 1,690.
PC Jeweller Stock Rebounds On Proposal To Consider Share Buyback
Gold Silver Reports (GSR) – PC Jeweller Rebounds On Proposal To Consider Share Buyback – Shares of the Delhi-based jewellery retailer rebounded from its worst fall in over two months on Friday and rose as much as 17.55 percent to Rs 209. The stock snapped its 5-day losing streak after it informed exchanges that its board will meet on May 25 to consider a proposal to buy back its shares.
Reliance Industries Stock Slips On Profit Miss In Q4
Gold Silver Reports (GSR) – Reliance Industries Stock Slips On Profit Miss In Q4 – Shares of the Mukesh Ambani-led oil-to-telecom conglomerate fell as much as 1.69 percent to Rs 977.95. – Reliance Industries Ltd.’s net profit rose for the eighth straight quarter aided by the petrochemicals business but missed analyst estimates.
Idea Cellular Stock Rises After Loss Narrows In March Quarter
Gold Silver Reports (GSR) – Idea Cellular Stock Rises After Loss Narrows In March Quarter – Shares of the country’s third largest wireless carrier rose as much as 4.65 percent, the most in nearly four months, to Rs 72 after its loss narrowed in December-March quarter.
India Vulnerable To Rise In Oil Prices, U.S. Yields Going Up
Gold Silver Reports (GSR) – India Vulnerable To Rise In Oil Prices, U.S. Yields Going Up – In an exclusive conversation with Vivek Rajpal of Nomura said Indian bonds are vulnerable to rise in oil prices, U.S. yields going up.
India’s $2.3 Trillion Equity Market has Surged in Recent Years
Gold Silver Reports (GSR) – India’s $2.3 Trillion Equity Market has Surged in Recent Years — India’s equity culture may also get a boost from a stewardship code to be rolled out for the country’s fund managers to push for corporate-governance best practices. The PFRDA, along with India’s insurance and securities regulators, is pursuing the new code, Contractor said.