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Recently listed Vedanta stocks experienced a significant decline on Tuesday morning. Vedanta Iron and Steel shares surged sharply after a substantial investment by Premji Invest. This smallcap counter saw its market capitalization more than double before the rally lost momentum. Vedanta Aluminium shares dropped despite reporting record quarterly production figures. Vedanta Oil & Gas and…
Nuvama has initiated coverage on Aequs with a ‘Buy’ rating and a target price of Rs 444, implying a 91% upside. The brokerage expects strong earnings growth, backed by the company’s $889 million order book, vertically integrated aerospace manufacturing capabilities, and long-term contracts with global aerospace OEMs.
RITES shares rallied after securing a $36 million locomotive supply contract. The company also received a Rs 175.41 crore consultancy project from BBAU. These new orders will be added to RITES’ growing order book. Execution of these contracts is scheduled over the next 20 to 30 months. RITES recently signed an MoU with CONCOR for…
Gold and silver prices opened lower on the MCX Tuesday, extending recent losses. Investors await U.S. Federal Reserve minutes for monetary policy clues. MCX silver futures for September 2026 delivery fell and gold futures for August 2026 delivery also declined. Spot gold and silver prices also saw decreases in international markets. Experts suggest buying gold…
Global investors now see Chinese assets as diversification, not just growth. China’s markets show resilience amid global volatility and geopolitical tensions. This shift encourages fresh inflows into Chinese bond and equity markets. The yuan’s strength and policy stability drive investor interest in China. Despite concerns, China’s independent market dynamics enhance its portfolio appeal.
Hong Kong launched a central clearing system and revived gold futures trading. These initiatives aim to strengthen the city’s gold trading infrastructure. Tax incentives will also support gold trading and settlement activities. A “Delivery Connect” scheme facilitates cross-border gold settlements with Shanghai. Hong Kong seeks to become Asia’s leading gold trading center.
US hedge funds cut exposure to technology hardware stocks for a fourth straight week ahead of the earnings season, amid weakness in semiconductor shares and concerns over AI-related spending. They also trimmed holdings in industrials and consumer discretionary stocks while increasing allocations to index funds, ETFs and defensive sectors.
Kusumgar’s Rs 650-crore IPO will open for subscription on July 8, with the issue commanding a grey market premium of around Rs 166. The offer is entirely an offer for sale, while the company has reported steady revenue and profit growth over the past two financial years.
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Trent share price plunged 10% after reporting a 19% revenue increase for the June quarter. The company’s fashion retail business and store expansion supported this revenue growth. Trent’s retail portfolio now includes 1,312 stores, with Zudio being the largest network. Previous financial results showed a 26% net profit rise for the March quarter. The company’s…