Gold hit ₹1.38 lakh per 10 grams and silver ₹2.23 lakh per kg on MCX, driven by US rate cut hopes, geopolitical tensions, and strong demand, marking all-time highs in India and global markets.
The rise in Copper prices is reflecting in shares of Hindustan Copper, which have surged for the fifth day running. The stock is up another 5% on Wednesday, and has now hit the highest levels since 2010.
On Tuesday (December 23), the rupee settled at 89.63 against the US dollar.
Promoters of VIP Industries had sold the first part of this sale, a 6.2% stake in September this year for ₹343 crore. The remaining stake has been sold today.
Platinum hit a record $2,377.50 an ounce on December 24, driven by safe-haven demand, US rate cut expectations, and tight supply. Palladium also surged, reflecting strong investor appetite.
BNP Paribas’ Kumar Rakesh alluded to the strong contingencies that are available in the form of offshoring, increased local hiring, which companies have already done and something that is likely to pick-up pace in the upcoming year as well.
Biocon will supply semaglutide to Ajanta Pharma for exclusive marketing in 23 countries and semi-exclusive marketing in thee countries across Africa, Centra Asia and the Middle East.
Pine Labs’ valuations are a discount to peers and can re-rate with consistent growth, the Jefferies report stated, with the brokerage projecting a 29% upside potential for the stock.
With the stock having turned positive on a year-to-date basis, this may become the fifth straight year of positive returns for Coal India. The five years of positive returns have come after the stock had a period of six years…
The project is to be developed under a 25-year build, operate and transfer model by the developer consortium. The EPC scope of work includes the design, engineering, procurement and construction of the treatment facilities.