Gold December futures opened flat at Rs 76,120 per 10 gram, while silver December futures were trading at Rs 91,825/kg. Gold and silver prices surged this week. Gold showed high volatility due to Middle-Eastern tensions and strong dollar index. Silver inched closer to $32 per troy ounce amid European inflation decline and Chinese equity gains.
Posts in category Economic Times
Biocon Biologics refinances 1.1 billion debt through US dollar bonds and new syndicated facility (03-10-2024)
The bonds will be issued by Biocon Biologics Global plc which is a wholly owned subsidiary of BBL and will be backed by a strong security package, the company said.
Stocks to buy today: ABB, Tech Mahindra among top 9 trading ideas for 3 October 2024 (03-10-2024)
The Indian market may consolidate on Thursday due to muted global cues. Analysts pinpoint a trading range between 25400 to 26300 zones for Nifty. Short-term stock trading advice includes buying Deepak Fertilizers, ABB, Kotak Mahindra Bank, and Tech Mahindra with specific targets and stop losses provided.
Godawari Power 1:5 stock split record date tomorrow. Last date to buy (03-10-2024)
Under the stock split, each existing equity share of face value of Rs 5 will be split into 5 equity shares of face value of Re 1, for which the expected timeline has been stated as 2-3 months.
Ashoka Buildcon stock in focus after securing EPC contracts worth Rs 1,738 crore (03-10-2024)
Ashoka Buildcon’s shares gained attention after securing EPC contracts worth Rs 1,738 crore. Key projects include an elevated road in Mumbai and two creek bridges. The company’s Q1 FY25 standalone net profit grew by 148% with a 22% YoY income rise. Shares have surged 73% in 2024, with a market cap of Rs 6,646 crore.
Hot stocks: Brokerage view on Titan, Dabur, JSW Steel and Marico (03-10-2024)
Morgan Stanley and Investec have given mixed ratings on companies like Titan, Dabur, Marico, and JSW Steel. Titan and Marico get equal-weight ratings with potential growth driven by demand. Dabur faces declines in sales and EBIDTA, while JSW Steel sees positive signs due to market conditions and a China stimulus.
Eicher Motors stock in focus after Royal Enfield total sales rise 11% in September (03-10-2024)
Eicher Motors shares are expected to attract attention on Thursday after its motorcycle division, Royal Enfield, reported an 11% year-on-year increase in total sales for September, reaching 86,978 units compared to 78,580 units a year earlier.
Rivalry on D-Street: Is Swiggy IPO a threat to Zomato’s blockbuster run at the bourses? (03-10-2024)
As Swiggy gears up for its Rs 10,000 crore IPO, its fierce rivalry with Zomato is set to spill over onto D-Street, with both companies likely competing to capture investor interest. With a market share of around 58% in the food delivery business and 40-45% in quick commerce, Zomato is currently the market leader in both segments. However, the competitive landscape could shift once Swiggy hits the public market and improves its performance under heightened scrutiny.