Sensex, Nifty, Share Prices LIVE: The upmove in Clean Science and Technology is gaining momentum. The 3 per cent rise on Tuesday has taken the share price well above a key resistance level of ₹1,610. That leaves the outlook bullish. The region between ₹1,610 and ₹1,600 will now act as a strong support and can limit the downside.
How Levi’s Turned a Beyoncé Song Into an Ad Campaign (03-10-2024)
The denim brand was looking for ways to sell more apparel to women, and the megastar gave them a natural spokeswoman thanks to a song on “Cowboy Carter.”
Manappuram Finance (03-10-2024)
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Manappuram Finance (03-10-2024)
The next 12 months look promising for Manappuram and the gold market, with Goldman Sachs forecasting a rise in gold prices to $2,900 USD. Higher gold prices are expected to benefit gold finance companies. A recent RBI directive aimed at regularizing the gold loan sector will impact unregulated gold lenders. However, companies like Manappuram and Muthoot Finance have long been regulated and comply with most RBI guidelines. In cases where discrepancies arise, they have swiftly adapted, such as by implementing non-cash disbursements as required. Smaller players tend to take longer to adjust to these regulatory changes, making it harder for them to compete. Larger, well-established companies will thrive, while smaller ones may struggle due to the operational efficiency and high costs associated with running a gold loan business. Gradually, Manappuram and Muthoot are likely to gain more market share. In the past, companies engaging in questionable practices, like IIFL, grew rapidly. However, with tighter regulations, growth across the sector is expected to level out. Given the current conditions, Manappuram could see growth of 15-20% in medium term
NBFCs gave out most loans against gold in Q1 (03-10-2024)
Total gold loans sanctioned by non-banking financial companies (NBFCs) increased 26% year-on-year to ₹79,218 crore in the first quarter of the current fiscal even as sanctions for personal loans fell by 4%, indicating the impact of higher risk weights for unsecured loans by the Reserve Bank of India.
Mankind may end up spinning out a winner in consumer brands unit (03-10-2024)
The company entered the OTC business in 2007 and it has grown to have established brands such as Manforce, HealthOK, Prega News, AcneStar, Unwanted and Gas-O-Fast. Four of its brands ranked No.1 in their respective categories.
Pre-market action: Here’s the trade setup for today’s session (03-10-2024)
” In the near term, we expect the market to consolidate after witnessing one side move in the last few weeks. Sector-wise the focus could shift towards IT & Banking space as companies would be releasing their pre-quarterly updates starting this week,” said Ajit Mishra – SVP, Research, Religare Broking
Stocks in news: Angel One, Maruti Suzuki, Dabur, Marico, Aurobindo Pharma, ITC (03-10-2024)
Maruti Suzuki reported a nearly 2% jump in September total sales at 1,84,727 units versus 1,81,343 units in the corresponding month of the previous financial year.
Non-ferrous metals poised to outshine gold, signals show (03-10-2024)
While gold has seen an impressive 43% return in the past year, signs from the US and other parts of the world suggest a shift to non-ferrous metals. With US