Gold prices hit an all-time high on Monday, driven by positive market sentiment following the U.S. Federal Reserve’s interest rate cut and ongoing geopolitical tensions. Spot gold rose to $2,630.19 per ounce, with further gains expected due to economic and regional instability factors. Investors await more insights from Fed officials and upcoming U.S. inflation data.
Virtuoso Optoelectronics Ltd – A promising micro Cap (23-09-2024)
Jefferies Remains Bullish On Amber Ent: Maintains Buy With Target Of ₹5,200 | CNBC TV18
Good report wrt ACs too
Domestic AC industry volume expected to triple from FY24-FY30
Volumes stood at ~10mn units in FY24
Volumes to scale to 13mn units in FY25e post a strong summer
Expected to scale to 30-35mn units by 2030 implying +17% CAGR over next 7 years
Category under-penetration of AC at ~8%
Hot weather in India are key tailwinds for AC industry growth.
^ interesting noticeable data around the Domestic AC industry
PNB launches QIP to raise up to Rs 5,000 crore at Rs 103.75 per share (23-09-2024)
Punjab National Bank has launched a qualified institutional placement to raise up to Rs 5,000 crore at an indicative price of Rs 103.75 per share. The base deal size is Rs 2,500 crore, with the option to increase depending on demand. The bank’s board has set a floor price of Rs 109.16 per share for the sale.
Less than a month after joining JD(U), Shyam Rajak becomes party’s national gen secy (23-09-2024)
Former Bihar minister Shyam Rajak, who recently joined JD(U), has been appointed as the party’s national general secretary. Rajak left RJD citing corruption and dynasty rule. His elevation is expected to help JD(U) secure Dalit votes in the 2025 assembly polls.
"Mohobat Ki Dukaan Ke Naam Par…": JP Nadda Slams Rahul Gandhi | #etnow #jpnadda #shorts (23-09-2024)
Infinium Pharmachem Ltd – new growth story in pharma space? (23-09-2024)
After long term consolidation a lot of volume action in last one week.
Any company/ business update?