Market News
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PL Asset Management sees stable macros but rising global risks: How to invest amid uncertainty
PL Asset says India growth and markets are resilient but vulnerable to oil, currency and global risks, prefers large caps, domestic cyclicals and gold, cautious on export sectors like IT.
Aditya Birla Real Estate announces early repayment of ₹250 crore NCDs
Aditya Birla Real Estate will redeem ₹250 crore worth of 8.05% non-convertible debentures early by exercising a call option, with May 4 set as the redemption date. Shares of Aditya Birla Real Estate Ltd ended lower on Thursday, April 9, by 2.07% at ₹1,289.40 on the NSE.
Capri Global Capital Targets 30% Growth In Gold Loan Portfolio In FY27
The company's gold loans AUMs have grown at a faster clip on a smaller base in the past.
Gold could cross $6,000 next year as debt, global risks fuel rally: Saxo Bank
Saxo Bank's Ole Hansen sees gold rebounding in a broader bull cycle, potentially topping $6000 next year amid debt, inflation, growth risks and geopolitical tensions
Aditya Birla Capital among 6 midcap stocks flash bullish signals, indicating possible uptrend
On April 8, six NSE midcap stocks, including Aditya Birla Capital, formed White Marubozu bullish candlestick patterns, signaling strong buying pressure and a potential uptrend, highlighting trader optimism for continued price momentum.
Lower oil prices would boost India’s economy, support banks and consumer sectors: Nilesh Shah
Nilesh Shah, Managing Director, Kotak Mahindra AMC, said that market returns may depend more on earnings growth going forward, with investors needing to adjust expectations. Sector trends could favour financials and consumption-linked segments, while asset allocation should balance equities, debt and gold amid evolving global conditions.
Advent gets CCI nod to pick up 14.3% stake in Aditya Birla Housing Finance
The Competition Commission of India has approved Advent International's proposal to acquire a 14.3% stake in Aditya Birla Housing Finance. This move involves a significant capital infusion into the housing finance subsidiary. The CCI also cleared other acquisitions, including Citrus Investment LLC's increased shareholding in Hitachi Construction Machinery and Indus Infra Trust's acquisition of KNR SPVs.
Birla Estates garners sales of Rs 1,600 cr from Birla Arika Phase 2 project
Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate (ABREL), has achieved bookings exceeding Rs 1,600 crore for its luxury project, Birla Arika Phase 2 in Sector 31, Gurugram. Nearly 97% of the residences-152 of 156 units-were sold within a month of launch, underlining strong buyer confidence in the brand's luxury developments in Gurugram.
Gold to deliver 10-12% returns; silver offers higher gains but with sharper swings: WealthEnrich’s Advait Arora
Advait Arora sees gold giving 10 to 12 percent returns, silver more volatile, advises 70 30 gold silver mix, warns rising crude and weak rupee may pressure Indias growth and earnings
Gold Rises as Traders Weigh China Buying, Trump’s Iran Deadline
Gold rose, following a two-day decline, as traders weighed China’s buying of the precious metal against the impact of a protracted war in the Middle east on economic growth and inflation.
Senco Gold shares soar 11% on robust Q4 business update as wedding, festive demand boost sales
Senco Gold shares surged following a strong business update. The company reported significant revenue growth in the fourth quarter and full fiscal year. This performance was fueled by wedding season demand and new store openings. Senco also focused on product innovation and digital initiatives. The company anticipates continued growth driven by upcoming festivals and expansion plans.
Senco Gold Q4 update: Revenue surges 46% YoY on wedding demand despite volatile gold prices
For the full financial year FY26, Senco Gold reported a 35% YoY increase in revenue, an acceleration compared to 21% growth recorded in FY25.