Menu

Author Archives: Equity Right

  • Home>
  • Archives for Equity Right
Bharti Airtel Supercharges 5G FWA Expansion with Ericsson’s Compact Core Technology
Market News - June 21, 2025

Bharti Airtel Stock Hits Fresh 52-Week High on Strong Market Momentum

Bharti Airtel Stock Hits Fresh 52-Week High on Strong Market Momentum

Bharti Airtel, one of India’s leading telecommunications companies, made headlines recently as its stock surged to a fresh 52-week high. On June 20, 2025, the stock witnessed a sharp rally of over 3% on the BSE, reaching an impressive ₹1,936.95 during the day’s trade. This growth surpassed the previous 52-week high of ₹1,916.90 recorded in early May, reaffirming the company’s strong market position and investor confidence.

Strong Market Performance

Bharti Airtel’s impressive stock surge has sparked interest among both investors and market analysts. On the National Stock Exchange (NSE), the stock touched an intraday high of ₹1,918, climbing more than 2% during the session. This surge reflects the stock’s consistent upward trajectory over the past few weeks, outperforming many of its sectoral peers and broader indices.

In fact, Bharti Airtel was among the select five companies from the Nifty500 index to achieve a new 52-week high on June 20. This performance signals the robust investor sentiment surrounding the company, as well as growing optimism in the telecom sector amid broader market recovery and supportive policy initiatives.

What is Driving the Rally?

Several factors have contributed to the recent rally in Bharti Airtel’s stock. Firstly, the company’s sustained efforts to strengthen its 5G infrastructure and expand its customer base have positioned it well for long-term growth. With the government pushing for faster digitalization and the roll-out of advanced telecom networks, companies like Bharti Airtel stand to benefit significantly.

Secondly, recent reports indicate that the Reserve Bank of India (RBI) has taken a more supportive stance on project financing, which is expected to indirectly benefit capital-intensive industries like telecommunications. Investors seem to have reacted positively to these developments, driving fresh buying interest in the stock.

Additionally, the broader market sentiment has been relatively upbeat despite intermittent geopolitical tensions. While Middle East-related concerns have caused some caution across global markets, Indian equities have shown resilience, with Bharti Airtel emerging as one of the top gainers in this environment.

Technical Indicators Show Strength

Technically, Bharti Airtel’s stock is showing strong upward momentum. The price movement above its previous resistance levels and consistent gains over the past sessions suggest the possibility of a continued uptrend.

Notably, the stock has been rising steadily over the last few trading sessions. On June 18 and June 19, Airtel shares gained approximately 0.5% to 0.6% each day, even when the Sensex showed signs of weakness. This outperformance has further strengthened the bullish sentiment around the stock.

Although trading volumes on June 20 were slightly below the 50-day average, the price action indicates that institutional investors and long-term holders are maintaining their positions, reflecting confidence in the company’s growth story.

Competitive Edge in the Telecom Sector

Bharti Airtel’s consistent growth can also be attributed to its competitive edge in the Indian telecom landscape. Unlike some of its rivals who continue to face financial challenges, Airtel has maintained a healthy balance sheet and has been proactive in its investments toward network improvement and customer experience enhancement.

The company’s aggressive 5G expansion plan, focus on high-quality services, and its leading position in urban markets have contributed to its superior performance. In contrast, competitors like Vodafone Idea have struggled to keep pace due to financial constraints and limited network upgrades.

With increasing data consumption and a growing shift towards premium telecom services, Bharti Airtel is well-placed to capture additional market share and deliver strong revenue growth in the coming quarters.

Potential Risks and Outlook

While the current momentum is favorable, investors must remain cautious of external risks that could influence the stock’s future trajectory. Geopolitical uncertainties, currency fluctuations, and regulatory shifts remain potential challenges for the telecom sector.

Moreover, any unexpected delay in the monetization of 5G services or increased competitive pressure from Jio and Vodafone Idea could create near-term volatility. However, given the company’s strong fundamentals and strategic focus, Bharti Airtel appears well-prepared to navigate such challenges.

Overall, the company’s recent stock performance reflects a combination of solid operational execution, positive industry outlook, and strong investor backing.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Privi Chemicals Stock Soars After Promoter Sells Stake

, , , , , , 0 Comment
Read More
MRF Shares Soar Above ₹1.5 Lakh, Reaching a 52-Week Peak!
Market News - June 21, 2025

Privi Chemicals Stock Soars After Promoter Sells Stake

Privi Chemicals Stock Soars After Promoter Sells Stake

Promoter Stake Sale Triggers Unusual Stock Surge

The stock of Privi Speciality Chemicals Ltd witnessed a notable surge after one of its key promoters, Bhaktavatsala Doppalapudi Rao, sold a stake valued at approximately  €330 crore. The transaction was officially disclosed under SEBI Regulation 31(4), confirming that a portion of the promoter’s equity was sold, likely to large-scale institutional investors. While promoter stake sales often spark concern in the stock market, this time it sparked the opposite reaction. Contrary to general expectations, the stock price climbed, reaching a new 52-week high around ₹2,049 on May 2, 2025. This market response suggests that investors saw strength in the company’s business fundamentals and long-term outlook rather than any red flags from the promoter’s partial exit.

Backing this confidence was the company’s strong financial performance. In the final quarter of FY25, which ended in March, Privi posted a *114% year-on-year jump in net profit, reaching ₹66.5 crore, supported by a solid **26.7% revenue increase. Over the entire financial year, profits nearly doubled to ₹187 crore, with a *20% growth in sales. The upward trend wasn’t limited to the final quarter; in Q2 FY25, the company also reported a 46% rise in profits which had previously helped drive the stock to earlier highs. This pattern of consistent earnings growth has reassured investors, making them less concerned about the implications of the promoter reducing their holding.

Several factors explain why institutional investors quickly stepped in after the stake sale. First, the company has a *stable revenue outlook, with nearly 70% of FY25 volumes already locked under long-term contracts, and many of those contracts include pre-approved price increases of 7% to 10%. This ensures a strong margin pipeline. Second, Privi’s *joint venture with Givaudan* (called PRIGIV), where Privi holds a 51% stake, adds credibility and expands its access to global technologies and high-margin specialty chemicals. Third, the company has been *heavily investing in R\&D, especially through its subsidiary, Privi Fine Sciences, which focuses on renewable-feedstock-based chemicals and new product pipelines. Finally, although the company is trading at higher-than-average multiples—around 43x P/E and 7x book value—analysts argue that these valuations are reasonable considering the company’s sustained earnings performance and growth momentum.

Promoter stake sales are sometimes interpreted as a warning signal, but in this case, it appears to be a strategic capital shift. As of March 2025, promoters still retained about 74% ownership, meaning they continue to hold a controlling interest in the company. The sale seems intended to generate liquidity, potentially for reinvestment into the business—especially for expanding R\&D facilities or strengthening the specialty chemicals division. Moreover, reduced promoter concentration can improve corporate governance and enhance market liquidity, both of which are attractive to institutional investors. These dynamics indicate the move is part of a long-term strategic plan rather than an exit motivated by any weakness.

The stock market responded with a bullish sentiment. Following the news of the sale, Privi’s stock comfortably broke the ₹2,000 mark, signaling a technical breakout. Improved liquidity and reduced promoter control have made the stock more appealing to mutual funds and foreign institutions.

Looking ahead, several catalysts are expected to drive the next phase of growth. The Q1 FY26 results will show how the company’s pricing and volume strategies affect profitability. The PRIGIV joint venture is set to begin meaningful revenue contributions, adding a layer of growth from high-margin specialty products. At the same time, Privi Fine Sciences is moving ahead with new manufacturing capacities focused on renewable chemistry, which is aligned with global sustainability trends. While the stock is trading at a premium, the valuation appears justified if growth continues as projected.

In conclusion, Privi Speciality Chemicals has managed to turn what could have been a concerning promoter stake sale into a demonstration of financial and operational strength. The company’s consistent performance, smart partnerships, and innovation pipeline have reassured investors and pushed the stock to new highs. As the company enters the next financial year, all eyes will be on quarterly earnings and execution of expansion plans.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Biocon Secures ₹4,500 Crore for Global Biopharma Push

, , , , , , , , 0 Comment
Read More
Alkem Labs Q2 FY26: Strong 17% Revenue Growth and Healthy Profit Gains Across India & Global Markets
Market News - June 21, 2025

Biocon Secures ₹4,500 Crore for Global Biopharma Push

Biocon Secures ₹4,500 Crore for Global Biopharma Push

India’s top biopharmaceutical firm, Biocon, has completed its first equity offering since going public. The funds will be used to support advanced research and development, reduce debt, and enhance access to affordable healthcare in international markets.

Summary:
Biocon Ltd has successfully raised ₹4,500 crore through a Qualified Institutional Placement (QIP) — its first equity fundraising since its IPO in 2004. The proceeds will be utilized to drive innovation, reduce existing debt, and enhance its global footprint in biosimilars and other affordable biopharmaceutical solutions. With this move, Biocon strengthens its position as a leading innovator and access provider in the worldwide healthcare ecosystem.

Biocon’s ₹4,500 Crore QIP Marks a Strategic Leap in Biopharmaceutical Ambitions
In a move that underscores its strategic pivot toward global leadership in biopharmaceuticals, Biocon Ltd, India’s pioneering biotechnology firm, has raised ₹4,500 crore through a Qualified Institutional Placement (QIP). This is the company’s first equity issuance since its initial public offering (IPO) in 2004, making it a milestone event for both the company and India’s healthcare investment landscape.
The capital infusion, announced on June 20, 2025, is part of Biocon’s broader vision to strengthen its financial foundation, accelerate research and development (R&D) in critical therapeutic areas, and scale the global reach of its biosimilar offerings. The QIP was met with strong interest from marquee institutional investors, signalling robust market confidence in Biocon’s long-term growth strategy.

A Strategic Capital Raise
The QIP was priced at ₹280 per share — a modest discount of about 5% to the floor price — and attracted participation from top domestic and global investors, including sovereign wealth funds, mutual funds, insurance companies, and foreign portfolio investors. The funds raised will serve multiple strategic objectives:
Innovation Acceleration: A significant portion of the funds will be channelled toward enhancing Biocon’s R&D capabilities, particularly in areas such as oncology, diabetes, and autoimmune diseases.
Deleveraging Balance Sheet: Biocon aims to repay a portion of its outstanding debt, thereby strengthening its balance sheet and improving financial ratios, especially after its acquisition of Viatris” biosimilars business in 2022.
Global Expansion: Biocon will use the capital to expand global access to its biosimilar portfolio, particularly in emerging markets where affordability and access are crucial.
According to Biocon Chairperson Kiran Mazumdar-Shaw,” “This QIP is a significant milestone for Biocon. It reflects the confidence that global investors have in our business model and future potential. The funds will help us deepen our innovation pipeline, deleverage, and improve access to our life-saving therapies globally.”

Renewed Focus on R&D and Biosimilars
Biocon has emerged as a key player in biosimilars, a fast-growing segment of the pharmaceutical industry that focuses on developing cost-effective versions of biologic drugs. With products in the oncology, immunology, and diabetes segments already approved in the U.S., EU, and other regulated markets, the company is poised to capitalize on patent expirations of blockbuster biologics globally.
The QIP proceeds will further Biocon’s investment in novel biologics and complex generics, enabling the development of next-generation biosimilars and biopharmaceutical solutions that meet global regulatory standards.
Additionally, the company is working on building stronger partnerships with global healthcare companies to accelerate market entry, especially in underpenetrated regions of Africa, Latin America, and Southeast Asia.

Strengthening Financial Position
Biocon’s balance sheet has faced increased scrutiny following its acquisition of Viatris’ biosimilars business, a transaction valued at more than $3 billion. While this strategic acquisition catapulted Biocon into the top ranks of biosimilar manufacturers globally, it also added a significant debt burden.
The fresh capital from the QIP will allow Biocon to reduce its net debt, improving its debt-to-equity ratio and offering better financial flexibility for future expansions and acquisitions.
As per the company’s financial disclosures, Biocon’s gross debt stood at ₹8,000 crore as of March 2025. The planned debt repayment will improve the company’s credit metrics, making it more attractive to long-term institutional investors.

Market Response and Industry Outlook
Despite the dilution concerns typically associated with QIPs, the market reacted positively to Biocon’s announcement. On the day following the QIP closure, Biocon’s shares closed 2.3% higher on the NSE, signalling investor approval of the company’s capital allocation strategy and long-term vision.
Market analysts believe that this QIP positions Biocon well to ride the global biosimilar growth wave, which is estimated to grow at a CAGR of over 20% in the next five years, driven by rising healthcare costs, patent cliffs of biologics, and supportive regulatory environments.

Way Forward
Biocon’s QIP success not only strengthens its capital structure but also enables the company to double down on its core mission: affordable innovation for global health. The infusion will be critical for expanding the reach of its biosimilars in developed and developing markets alike while also paving the way for new drug discovery in niche areas.
With the additional financial muscle, Biocon is expected to:
Launch multiple biosimilars across major markets by 2027
Accelerate IND filings for novel biologics
Scale operations in the U.S., Europe, and ROW markets
Partner with government and private health systems for broader drug access
As the global healthcare landscape evolves post-pandemic, Biocon’s capital raise signals its readiness to meet future challenges while delivering shareholder value and societal impact.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Premier Explosives Ltd: Riding High with Rs 750 Crore Order Book and Explosive Stock Gains

, , , , , , , , , , , 0 Comment
Read More
BEML Surges by 7.86% on Likely Upgrade to Navratna Status
Market News - June 21, 2025

Premier Explosives Ltd: Riding High with Rs 750 Crore Order Book and Explosive Stock Gains

Premier Explosives Ltd: Riding High with Rs 750 Crore Order Book and Explosive Stock Gains

Defence-focused manufacturer secures fresh international orders as its stock delivers a staggering 885% return in three years.

Summary

Premier Explosives Ltd, a prominent Indian defence explosives producer, has strengthened its market position with a solid order book of ₹750 crore and a fresh international deal worth ₹6.62 crore. The company’s stock has soared nearly 885% over the past three years, reflecting strong investor confidence, sustained growth, and a pipeline of lucrative defence and industrial projects.

Introduction
India’s defence sector is witnessing a transformation, and Premier Explosives Ltd stands out as one of its most dynamic players. With a heritage in manufacturing high-quality explosives and propellants for defence and space, the company has not only secured a massive order book but also consistently delivered exceptional shareholder returns. The recent international deal and Premier Explosives’ stellar stock performance underscore the growing appetite for indigenous defence solutions and the company’s strategic readiness to capitalize on this trend.

Order Book Strength: Rs 750 Crore and Growing
Premier Explosives’ order book has swelled to approximately Rs 750 crore, a testament to its strong execution and trusted relationships with key defence and space agencies. This robust pipeline includes contracts for supplying explosives, propellants, and operation and maintenance services at critical facilities such as ISRO’s Sriharikota Centre and DRDO’s Solid Fuel Complex.
The company’s ability to consistently win both domestic and international orders highlights its technical prowess and reliability. Recent months have seen a string of new contracts, including a significant Rs 6.62 crore international order, which further diversifies its revenue base and strengthens its global footprint.

International Expansion: New Rs 6.62 Crore Order
The recent international deal worth ₹6.62 crore represents another significant step in Premier Explosives’ efforts to expand its footprint globally. This order, to be fulfilled over the next 12 months, demonstrates the company’s competitiveness in the global defence market and its capacity to meet stringent quality and delivery standards.
International deals such as this not only boost revenues but also enhance the company’s reputation, paving the way for future opportunities in export markets. As global geopolitical dynamics drive up defence spending, Premier Explosives is well-positioned to capture a share of the growing demand for specialized explosives and related products.

Explosive Stock Performance: Up 885% in Three Years
Premier Explosives’ share price trajectory has been nothing short of spectacular. Over the past three years, the stock has delivered a return of nearly 885%, far outpacing both its industry peers and broader market indices. The rally has been driven by a combination of strong order inflows, consistent financial growth, and a positive outlook for the defence sector.
The stock’s recent momentum has been particularly notable, with gains of nearly 85% in just the last three months. This surge has been fueled by news of new orders, a swelling order book, and robust quarterly results, despite occasional short-term volatility linked to operational updates or factory closures.

Financial Highlights and Operational Trends
Premier Explosives has demonstrated solid financial growth, with annual revenues rising sharply and profit margins improving. For the year ended March 2025, net sales stood at Rs 74.08 crore, and the company has maintained a healthy operating profit margin. Its compounded annual sales and profit growth rates over the past three years have been impressive, reflecting operational efficiency and effective cost management.
The company has also made strides in reducing debtor days, streamlining working capital, and lowering debt levels, all of which contribute to a stronger balance sheet. While the return on equity and cost of borrowing remain areas for ongoing improvement, the overall financial trajectory is positive.

Sector Outlook and Growth Drivers
India’s push for self-reliance in defence manufacturing, rising defence budgets, and the increasing role of private sector players are all tailwinds for Premier Explosives. The company’s expertise in high-energy materials, coupled with its proven track record in executing complex projects for ISRO and DRDO, positions it as a preferred partner in both public and private sector initiatives.
Global demand for defence products is also on the rise, offering further avenues for export growth. Premier Explosives’ expanding international order book is evidence of its ability to compete on quality and reliability in a highly regulated sector.

Conclusion
Premier Explosives Ltd has emerged as a star performer in India’s defence manufacturing landscape. With a robust Rs 750 crore order book, a new Rs 6.62 crore international contract, and a stock that has multiplied nearly ninefold in three years, the company is on a strong growth trajectory. Its ability to secure and deliver on large, complex contracts—both in India and overseas—bodes well for future expansion. As the defence sector continues to evolve, Premier Explosives is poised to remain at the forefront, delivering value to customers and investors alike.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Bullish Weather Outlook Meets Cautious Market in Natural Gas: Summer 2025 Update

, , , , , , , , 0 Comment
Read More
Bullish Weather Outlook Meets Cautious Market in Natural Gas: Summer 2025 Update
Market News - June 21, 2025

Bullish Weather Outlook Meets Cautious Market in Natural Gas: Summer 2025 Update

Bullish Weather Outlook Meets Cautious Market in Natural Gas: Summer 2025 Update

Rising temperatures and export demand fuel optimism, but traders remain wary amid production highs and storage builds.

Summary
Natural gas prices are trending higher in June 2025, driven by forecasts of above-normal summer temperatures and growing export demand. However, persistent high production, ample storage, and recent operational disruptions are keeping market sentiment cautious. The outcome: a clash between optimistic, weather-driven forecasts and cautious, risk-aware strategies.

Introduction
With the summer of 2025 underway, the natural gas market stands at a pivotal juncture. On one side, meteorologists and analysts are pointing to a hot season ahead, with the potential to drive up demand for electricity and, by extension, natural gas. On the other, traders and industry observers are tempering their enthusiasm, citing high production levels, robust storage, and recent export hiccups. This push and pull is defining the market’s current mood, where optimism is checked by a dose of realism.

Weather Heats Up, So Do Price Expectations
Meteorological models are forecasting above-average temperatures across much of the U.S. through late June, setting the stage for a surge in natural gas demand as air conditioning loads rise. The Energy Information Administration (EIA) projects that June electric power consumption could be over 25% higher than May, a significant jump that typically supports higher gas prices.
This bullish weather outlook has already made its mark. Futures prices for natural gas have climbed close to $4 per MMBtu, up from $3.64 in mid-May and reflecting a strong upward bias since late April. The market’s technical trend is clear: higher lows and higher highs, with the most recent rally fueled by expectations of a hot summer and increased LNG export activity.

Production and Storage: The Cautious Counterweight
Despite the weather-driven optimism, the market’s underlying fundamentals are keeping traders on their toes. U.S. natural gas production remains near record levels, averaging over 106 Bcf per day in May. Storage levels have been rising strongly, with inventories being replenished at the quickest rate seen since at least 2010. These ample supplies act as a buffer against sudden price spikes, even as demand rises.
Operational disruptions at key LNG export terminals—such as power outages and maintenance at Freeport LNG and other facilities—have also contributed to a more measured outlook. While these issues are expected to be temporary, they have kept feedgas deliveries subdued in early June, limiting export-driven demand growth in the near term.

Exports: The Wild Card
Looking further ahead, export growth remains a central pillar of the bullish case for natural gas. The EIA forecasts a 22% increase in LNG exports in 2025, with several new export facilities ramping up production. Pipeline exports are also set to rise, contributing to an expected 3.4 Bcf/d increase in total natural gas exports this year.
However, these gains are not guaranteed. Project timelines, operational reliability, and global demand fluctuations all introduce uncertainty. The market is watching closely to see how quickly export activity rebounds as maintenance cycles end and new capacity comes online.

Price Action: Volatility Amid Uncertainty
The interplay between bullish weather forecasts and cautious fundamentals has translated into notable price volatility. Spot prices at Henry Hub averaged $2.84 per MMBtu for June to date, nearly 9% lower than May’s average, while futures have remained stronger, averaging $3.64 per MMBtu. This divergence reflects both optimism for the months ahead and the market’s reluctance to get ahead of itself in the face of ample supply.

Conclusion
The natural gas market in summer 2025 is a study in contrasts. While forecasts of a hot season and rising export demand are fueling bullish sentiment, the reality of high production, full storage, and recent export disruptions are keeping traders cautious. As the season progresses, the balance between these forces will determine whether the market’s optimism is rewarded—or if caution proves wise.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Forex Reserves Hit $698.95 Billion: Key Factors Behind India’s Surge

, , , , , , , 0 Comment
Read More
Forex Reserves Hit $698.95 Billion: Key Factors Behind India’s Surge
Economy - June 21, 2025

Forex Reserves Hit $698.95 Billion: Key Factors Behind India’s Surge

Forex Reserves Hit $698.95 Billion: Key Factors Behind India’s Surge

A robust rise in foreign currency assets and gold holdings pushes India’s reserves near record highs, signaling strength and resilience in the external sector.

Introduction
As of June 13, 2025, India’s foreign exchange holdings grew by $2.29 billion to stand at $698.95 billion. This marks the second consecutive weekly gain and brings reserves close to their all-time high. The surge is driven by strong foreign currency assets, higher gold reserves, and continued global investor confidence, reinforcing India’s ability to weather external shocks and maintain economic stability.

The Latest Numbers: Breaking Down the Surge
During the week ending June 13, 2025, the Reserve Bank of India (RBI) recorded a $2.29 billion rise in foreign exchange reserves, building on a stronger $5.17 billion surge reported the week before. This brings the total reserves to $698.95 billion, just shy of the record $704.885 billion set in September 2024.
Key Components of the Reserve Growth
• Foreign Currency Assets:
The largest portion of India’s reserves, these assets rose by $1.739 billion to $589.426 billion. The value reflects not only dollar holdings but also assets denominated in euros, yen, and pounds, whose appreciation contributed to the overall increase.
• Gold Reserves:
India’s gold holdings added $428 million, now totaling $86.316 billion. Gold continues to serve as a strategic buffer, especially in times of global uncertainty.
• Special Drawing Rights (SDRs):
SDRs, an international reserve asset created by the IMF, rose by $85 million to $18.756 billion.
• IMF Reserve Position:
India’s position with the IMF increased by $43 million, now at $4.452 billion, reflecting enhanced financial standing in the international community.

Why Are Forex Reserves Rising?
Strong Foreign Inflows
The sustained increase is largely attributed to continued foreign investment inflows, both in equity and debt markets. India’s robust economic growth, stable macroeconomic indicators, and improving corporate balance sheets have made it an attractive destination for global investors.
Stable External Environment
Despite ongoing global uncertainties, India’s external sector has shown remarkable stability. The RBI’s prudent management of the rupee and timely interventions in the forex market have helped prevent excessive volatility, supporting the steady build-up of reserves.
Gold’s Strategic Role
Rising gold reserves underscore India’s commitment to diversifying its reserve portfolio. Gold acts as a hedge against currency fluctuations and global economic shocks, providing additional security to the country’s financial system.

Economic Implications
Import Cover and Debt Security
With reserves now sufficient to cover more than 11 months of imports and about 96% of outstanding external debt, India’s position as a resilient economy is reinforced. This buffer is crucial for managing trade imbalances and shielding the economy from sudden capital outflows or external shocks.
Confidence in the Rupee
A strong reserve buffer provides the RBI with enhanced ability to manage currency market fluctuations, aiding in rupee stabilization during turbulent periods. This contributes to bolstering investor trust and ensuring stability in financial markets.
Support for Policy Initiatives
High reserves provide the government and central bank with the headroom needed to pursue growth-oriented policies without the immediate fear of external financing pressures. This is particularly important as India continues to invest in infrastructure, technology, and social welfare programs.

Nearing Record Highs: What’s Next?
India’s foreign exchange reserves have risen by almost $7.5 billion over the past two weeks, bringing them within reach of their record peak. Analysts expect that, barring unforeseen global disruptions, reserves could soon surpass the previous record, further strengthening India’s economic foundation.

RBI’s Perspective
RBI Governor Sanjay Malhotra recently highlighted the resilience of India’s external sector, noting that key vulnerability indicators have improved steadily. He expressed confidence in the country’s ability to meet all external financing requirements, emphasizing that the current reserve build-up is a testament to the strength of India’s fundamentals4.

Conclusion
India’s rising forex reserves are more than just a statistical achievement—they are a reflection of the country’s economic resilience, prudent policymaking, and growing global stature. As reserves approach record levels, India is better equipped than ever to navigate global uncertainties, support the rupee, and maintain investor confidence. The outlook remains positive, with the nation well-positioned to sustain its growth momentum and safeguard its economic interests.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Silver Finally Confirms Platinum’s Take: 2025’s Precious Metals Rally Enters New Phase

, , , , , , , , 0 Comment
Read More
Gold, Silver Surge to Record Highs on MCX Amid Tariff Jitters, Fed Rate Cut Buzz
Market News - June 21, 2025

Silver Finally Confirms Platinum’s Take: 2025’s Precious Metals Rally Enters New Phase

Silver Finally Confirms Platinum’s Take: 2025’s Precious Metals Rally Enters New Phase

How Silver’s Surge Reinforces Platinum’s Bull Run and What It Means for Investors

Introduction
The precious metals market in 2025 has been anything but predictable. While gold has long held the spotlight as a safe haven, this year, platinum has stolen the show with an extraordinary rally. Now, silver is catching up, confirming the bullish trend and adding fresh momentum to the sector. This synchronized surge is drawing attention from institutional and retail investors alike, as both metals respond to a unique blend of industrial demand, supply constraints, and macroeconomic factors.

Platinum’s Breakout: The 2025 Story So Far
A Stunning Outperformance
Since the start of 2025, platinum prices have surged by 40%, outpacing gold’s 30% and silver’s 26% gains over the same period. The most dramatic move came in the last month, with platinum spiking 30%—a rate far exceeding gold’s 7% and silver’s 13% over that stretch. This rally has propelled platinum to $1,250 per ounce, a level not seen since 2021 and approaching its historical highs.
What’s Driving Platinum?
• Industrial Demand: Platinum’s use in automotive catalysts, hydrogen fuel cells, and other clean energy technologies is surging, especially as governments and industries accelerate decarbonization efforts.
• Output Limitations: Worldwide mine supply is unable to keep pace with demand, and the gap is set to widen in 2025. Total demand is expected to exceed 7.6 million troy ounces, while supply lags at 5.4 million.
• Investment Demand: Exchange-traded funds (ETFs) and speculative buying, particularly in Asia, have added fuel to the rally.
• Chinese Buying: China’s imports of platinum have soared, with April 2025 purchases nearly matching the entire NYMEX platinum warehouse stock.
Historical Patterns
Platinum has historically experienced extended phases of stable pricing, occasionally interrupted by sudden and steep price surges. Previous peaks in 1980 and 2008 were followed by steep corrections, underscoring the metal’s volatility and the importance of timing for investors.

Silver’s Surge: Confirmation of the Bull Market
Catching Up to Platinum
Silver, long considered the more volatile sibling to gold, has staged a powerful rally in 2025. After a relatively modest start, silver prices accelerated in the second quarter, rising 13% in the past month and bringing year-to-date gains to 26%. Forecasts suggest silver could trade between $28 and $40 per ounce this year, with some models projecting even higher spikes if industrial demand remains robust.
Key Drivers for Silver
• Industrial Demand: Silver is critical to the booming solar energy sector, with China’s rapid expansion of solar infrastructure driving unprecedented demand.
• Supply Deficit: Despite a projected 10 million-ounce increase in mine production, demand is set to outstrip supply, supporting higher prices.
• Investor Activity: Retail investors remain highly engaged, with movements like #SilverSqueeze spotlighting perceived price manipulation and keeping upward pressure on prices.
Silver’s Role in the Rally
Silver’s strong performance is now seen as validating the bullish case for platinum. As both metals move in tandem, it signals a broader re-rating of precious metals, driven by real-world demand and macroeconomic uncertainty.

The Macro Backdrop: Why Now?
Global Economic Uncertainty
With global debt levels dwarfing GDP and fiat currencies under pressure, investors are seeking alternatives that can preserve value. Central banks have been accumulating gold since 2022, and now platinum and silver are benefiting from the same flight to safety5.
Clean Energy and Industrial Transformation
Both platinum and silver are essential to the green transition. Platinum is vital for hydrogen fuel cells and automotive catalysts, while silver is indispensable for solar panels and electronics. These industrial uses are not just cyclical—they represent structural shifts in the global economy.

Risks and Historical Perspective
Volatility Remains High
While the current rally is impressive, history warns of sharp corrections following rapid price increases. Platinum, in particular, has seen its peaks quickly followed by dramatic declines—70% in the early 1980s and over 50% in 2008. Investors should be mindful of these patterns and manage risk accordingly.
Long-Term Bull Market?
Despite the risks, the synchronized deficits in platinum and silver, combined with strong industrial and investment demand, suggest that the current rally could be the start of a longer-term bull market.

Conclusion
The narrative for precious metals in 2025 is being rewritten. Platinum’s breakout was the opening act, but silver’s surge is now confirming the sector’s bullish momentum. With both metals underpinned by industrial demand, supply constraints, and macroeconomic uncertainty, investors are witnessing a rare alignment that could define the market for years to come. While volatility is a given, the fundamentals suggest that platinum and silver are poised to remain in the spotlight.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Global Ambitions: Sudarshan Pharma’s Strategic Expansion and Funding Drive

, , , , , , , , , 0 Comment
Read More
AstraZeneca Pharma India Q1 2026: Strong Growth and Resilience
Market News - June 21, 2025

Global Ambitions: Sudarshan Pharma’s Strategic Expansion and Funding Drive

Global Ambitions: Sudarshan Pharma’s Strategic Expansion and Funding Drive

Penny Stock Under ₹30 Charts Bold International Growth with New Subsidiaries in North America and a ₹1,500 Crore Fundraising Plan

Introduction
Sudarshan Pharma Industries Ltd (SPIL), a penny stock trading below ₹30, is making headlines with its aggressive expansion strategy. The company has approved the incorporation of wholly owned subsidiaries in the USA and Canada and has greenlit a massive ₹1,500 crore fundraising initiative. These moves signal SPIL’s intent to transform from a domestic player into a global force in the pharmaceutical and specialty chemicals sector.
In the world of penny stocks, few companies manage to capture investor attention with their strategic vision and execution. Sudarshan Pharma Industries Ltd is currently at the forefront, not just for its low share price, but for its bold steps toward internationalization and capital augmentation. The latest board decisions mark a pivotal moment in the company’s journey, promising to reshape its future and potentially reward its risk-tolerant investors.

Major Fundraising Initiative
Board Approval for ₹1,500 Crore Capital Raise
On June 19, 2025, SPIL’s board approved a fundraising plan of up to ₹1,500 crore (₹15 billion). The capital will be raised through a mix of financial instruments, including equity shares, American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs), and debentures. This diversified approach to fundraising reflects the company’s ambition to tap both domestic and international capital markets, providing flexibility and broadening its investor base.
Purpose and Impact
The new funding is likely to:
• Strengthen the company’s balance sheet
• Support ongoing and future expansion projects
• Enhance research and development capabilities
• Finance product introductions and global outreach initiatives
This fundraising is not just about financial muscle; it’s about equipping SPIL to compete on a global scale and seize emerging opportunities in the pharmaceutical and specialty chemicals sectors.

International Expansion: Subsidiaries in USA and Canada
Strategic Move into North America
In a parallel move, SPIL’s board has approved the incorporation of wholly owned subsidiaries in both the United States and Canada. This is a significant leap for a company of its size, signaling a clear intent to establish a direct presence in two of the world’s most lucrative pharmaceutical markets.
Why North America?
• Market Access: The USA and Canada offer vast markets with high demand for pharmaceutical and specialty chemical products.
• Regulatory Advantages: Local subsidiaries can streamline regulatory approvals and compliance, making it easier to introduce products.
• Supply Chain Efficiency: On-ground operations reduce logistical complexities and improve customer service for North American clients.
Execution and Timeline
The company is moving swiftly, with board meetings already held to finalize the incorporation process. These subsidiaries will serve as a launchpad for SPIL’s global ambitions, enabling it to directly engage with customers, partners, and regulators in North America.

Recent Corporate Developments
Leadership Changes
SPIL has also seen changes in its top management this year. Sachin Mehta stepped down as CFO, and Manoj Lodha has been named his successor. Such transitions are often part of broader strategic shifts, especially as companies prepare for international expansion and complex fundraising activities.
Acquisitions and Partnerships
Earlier in 2025, SPIL acquired 100% of Cibachem General Trading LLC in Dubai, further strengthening its international footprint. The company also entered into a technology transfer agreement with Uttaranchal University, acquiring rights to a valuable pharmaceutical patent. These moves underline a clear pattern: SPIL is not content with organic growth alone—it is actively seeking acquisitions and partnerships to accelerate its journey.
Financial Performance
SPIL recently released its audited standalone and consolidated financial statements for the fiscal year ending March 31, 2025. The company’s financial disclosures and investor presentations reflect a focus on transparency and regulatory compliance, which is crucial as it seeks to attract global investors.

Market Reaction and Investor Sentiment
Penny Stock with Big Ambitions
Despite trading under ₹30, SPIL’s recent announcements have sparked interest among retail and institutional investors alike. The fundraising plan and international expansion are viewed as positive catalysts that could drive future growth and potentially re-rate the stock.
Risks and Rewards
As with any penny stock, SPIL carries inherent risks—volatility, execution challenges, and global competition. However, its proactive strategy, leadership changes, and willingness to invest in innovation and expansion set it apart from many peers in the segment.

Conclusion
Sudarshan Pharma Industries Ltd is undergoing a transformation that belies its penny stock status. With a ₹1,500 crore fundraising plan and the establishment of subsidiaries in the USA and Canada, SPIL is positioning itself for long-term growth and global relevance. Investors and industry watchers will be keenly observing how these bold moves translate into tangible results in the coming quarters.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Crude Oil Soars: Israel-Iran Tensions and OPEC Risks

, , , , , , , , , 0 Comment
Read More
Oil market on edge: Surplus builds, trade talks loom — how energy markets are responding
Market News - June 21, 2025

Crude Oil Soars: Israel-Iran Tensions and OPEC Risks

Crude Oil Soars: Israel-Iran Tensions and OPEC Risks

Geopolitical tensions drive oil prices higher as markets price in $10 per barrel risk premium; concerns grow over supply disruptions via Strait of Hormuz.

Summary:
Crude oil prices surged as the Israel-Iran conflict entered its seventh day, intensifying fears of a disruption in global oil supply from key OPEC producers. Goldman Sachs estimates a $10 per barrel risk premium has been priced in due to heightened geopolitical risk. While the U.S. Federal Reserve kept interest rates steady, its dovish outlook lifted oil demand expectations, further supporting bullish sentiment in crude markets.

Crude Oil Prices Surge as Israel-Iran Conflict Raises OPEC Supply Concerns
Global crude oil prices have resumed a sharp upward rally amid escalating geopolitical tensions in the Middle East. As the Israel-Iran conflict entered its seventh consecutive day, markets are increasingly concerned about potential supply disruptions from OPEC nations, especially those with oil shipments passing through the Strait of Hormuz—the world’s most crucial oil transit chokepoint.
With growing fears that the ongoing conflict could spill over into wider regional instability, benchmark oil prices — Brent crude and West Texas Intermediate (WTI) — have surged, adding nearly $5-$7 per barrel over the past week. Analysts believe that the market has now priced in a $10 per barrel risk premium, according to a note from Goldman Sachs, reflecting fears of potential supply outages or shipping disruptions.

Strait of Hormuz: A Geopolitical Flashpoint
The Strait of Hormuz, a narrow passage connecting the Persian Gulf to global markets, remains a strategic and vulnerable corridor. Roughly 20% of the world’s oil trade and nearly 30% of liquefied natural gas (LNG) passes through it.
In the past, both Iran and its proxies have threatened to block or disrupt traffic through the strait in response to escalating hostilities. While there are no current signs of full-scale disruption, even a perceived threat is sufficient to jolt oil markets, given the importance of Gulf oil supplies from producers such as Saudi Arabia, the UAE, Iraq, and Iran.
OPEC’s ability to maintain a stable supply has thus been brought into question, with traders closely monitoring tanker movements, insurance premiums, and naval patrols in the region.

Goldman Sachs Flags $10/Barrel Risk Premium
In its latest commentary, Goldman Sachs highlighted that the current oil prices include a geopolitical risk premium of around $10 per barrel, reflecting investor unease over potential regional escalation. The bank noted that should the conflict remain confined and not disrupt physical oil flows, prices may stabilize in the short term. However, if Iranian exports are sanctioned or blocked, or if OPEC nations face transportation hurdles, prices could spike significantly.
A more extreme outcome — such as coordinated attacks on oil infrastructure or full-scale maritime conflict — could push Brent crude towards $100 per barrel or more, Goldman added.

Federal Reserve Holds Rates, Demand Outlook Brightens
While the geopolitical narrative has been the dominant price driver this week, macroeconomic signals are also contributing to crude’s bullish momentum. The U.S. Federal Reserve, in its recent policy meeting, held interest rates steady but signalled the possibility of rate cuts later in the year. This dovish shift improved the outlook for oil demand, particularly in the U.S., the world’s largest consumer of crude oil.
Lower interest rates typically support higher consumption by easing credit conditions, spurring manufacturing, and increasing energy use. The Fed’s message has thus reassured investors that recession risks are receding, leading to higher projected demand for transportation fuel, industrial energy, and petrochemicals.

OPEC+ Strategy May Be Tested
The current surge in oil prices also puts the spotlight back on OPEC+, the extended alliance of oil-producing nations led by Saudi Arabia and Russia. In recent months, OPEC+ has maintained output cuts to support prices amid weakening global demand.
However, any supply loss from Iran or disruptions in Gulf exports could force the cartel to revisit its production strategy. Analysts suggest that Saudi Arabia may be reluctant to increase production prematurely, especially if prices continue to climb and the market balance remains uncertain.
Some OPEC+ members may also use the current crisis as an opportunity to maximize revenues, given higher price realizations, even as the group faces scrutiny over compliance and coordination.

Market Outlook: Volatility Ahead
With crude prices reacting sharply to both geopolitical developments and monetary policy cues, the outlook remains highly volatile. Key factors to watch in the coming days include:
Any retaliatory or escalator actions from Iran or Israeli allies
Disruption or military buildup near the Strait of Hormuz
Fresh sanctions or export restrictions on Iranian oil
OPEC+ emergency meetings or adjustments to production quotas
U.S. inventory data and global demand indicators
If geopolitical tensions subside, a correction may follow. However, if the conflict expands or oil infrastructure is targeted, traders warn that oil could enter a super-spike phase not seen since the Russia-Ukraine war-induced highs of 2022.

India and Emerging Markets: Cause for Concern
For oil-importing countries like India, the surge in crude prices spells renewed pressure on inflation, current account deficits, and currency stability. India imports over 85% of its crude requirements, and any sustained rally above $90 per barrel could strain public finances and force a relook at fuel subsidies and pricing policies.
The RBI and the Ministry of Finance are likely monitoring these developments closely, particularly given the ripple effect on diesel and petrol prices, logistics costs, and overall consumer inflation.

Conclusion: Markets on Edge, Awaiting Clarity
As the Israel-Iran conflict drags on, oil markets remain on tenterhooks, caught between fear of supply shocks and hope for diplomatic de-escalation. While fundamentals remain strong and demand forecasts have improved, it is the politics of oil that now dominate market psychology.
Until clear signs of resolution or strategic redirection emerge, volatility is expected to persist, with traders bracing for sharp swings and headline-driven market moves in the energy space.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Goldman Sachs Sells ₹48 Crore Ethos Shares; Stock Dips!

, , , , , , , , , 0 Comment
Read More
Goldman Sachs Sells ₹48 Crore Ethos Shares; Stock Dips!
Market News - June 21, 2025

Goldman Sachs Sells ₹48 Crore Ethos Shares; Stock Dips!

Goldman Sachs Sells ₹48 Crore Ethos Shares; Stock Dips!

Goldman Sachs, a global investment firm, has divested a part of its stake in luxury watch retailer Ethos Ltd through a block deal, which was carried out at a 5% discount, resulting in a drop in the stock’s value.

Summary:
Goldman Sachs executed a significant block deal on Thursday, offloading over 1.77 lakh shares of Ethos Ltd, a prominent Indian luxury watch retailer, for ₹48 crore. The transaction was executed at a discount of approximately 5% to the previous closing price, leading to a sharp 4.45% intraday fall in Ethos’ stock price. Market participants remain watchful of further institutional exits in the smallcap segment amid ongoing volatility.

Goldman Sachs Sells ₹48 Crore Worth of Ethos Shares in Block Deal; Stock Falls 4.45%
In a significant secondary market transaction, global investment firm Goldman Sachs sold over 1.77 lakh shares of Ethos Ltd, valued at around ₹48 crore, via a block deal on Thursday, June 20. The shares were offloaded at a 5% discount to the previous day’s closing price, triggering a sharp decline in the stock, which fell 4.45% intraday as investors digested the development.
This transaction has sparked considerable attention in both institutional and retail circles, as Ethos — a key player in India’s growing premium and luxury retail space — has often been seen as a long-term consumption growth play.

Block Deal Details: Discounted Exit by Goldman Sachs
The block deal was executed at an average price of ₹2,700 per share, compared to Ethos’ prior closing price of approximately ₹2,842, representing a discount of nearly 5%. The total deal size amounted to ₹48 crore, with over 177,000 shares changing hands on the NSE and BSE combined.
Goldman Sachs, which had acquired a stake in Ethos Ltd during its early growth and IPO phase, appears to be realigning its portfolio by trimming exposure to selected smallcap stocks. The investment firm has been seen reducing its stake in several Indian small- and mid-cap companies over recent quarters, possibly due to profit booking, global risk-off sentiment, or a shift in investment strategy.
As of the latest shareholding pattern prior to the deal, Goldman Sachs held a significant minority stake in Ethos, although its exact post-deal holding is yet to be disclosed in regulatory filings.

Ethos Ltd: India’s Premier Luxury Watch Retailer
Ethos Ltd, headquartered in Chandigarh, is India’s leading luxury and premium watch retailer, with a portfolio that includes more than 60 brands such as Rolex, Omega, Bvlgari, Tissot, Longines, and Rado. The company operates both online and offline channels, with 50+ stores across major Indian cities.
Listed in May 2022 through an IPO priced at ₹878 per share, Ethos saw a strong debut and has been part of investor interest due to rising demand in the luxury retail segment in India. The company caters to India’s growing affluent class and millennials seeking high-end timepieces and lifestyle products.
Despite market volatility, Ethos has reported consistent revenue growth driven by expansion of physical footprint, increasing average order values, and growing brand partnerships. In the fiscal year 2023-24, the company posted a revenue of over ₹800 crore and aims to cross the ₹1,000 crore mark in FY25, riding on premiumization trends and digital transformation.

Market Reaction: Stock Slides on Supply Overhang
Following the block deal, Ethos stock fell sharply by 4.45%, closing at ₹2,715.80 on the NSE. The sharp decline was attributed to:
The 5% discount on the block deal price created a short-term bearish sentiment
Concerns about further institutional exits
Near-term supply overhang of shares in the market
Technical analysts noted that the stock has strong support at the ₹2,600 level, and any breach of this could lead to further weakness. However, long-term investors remain confident in the company’s fundamentals and growth trajectory.

Analyst View: Healthy Consolidation or Red Flag?
Brokerage firms and analysts were divided on the implications of Goldman Sachs’ move. Some interpreted the exit as part of a routine portfolio reshuffle, especially since Goldman Sachs has been booking profits in several emerging market positions. Others flagged concerns about a broader derating in smallcap stocks due to valuation excesses seen in specific segments.
“While institutional selling does raise eyebrows, Ethos’ business remains structurally sound. Investors should view this as a near-term supply-driven dip rather than a change in fundamentals,” said an analyst at a Mumbai-based brokerage.
Another point of concern is the liquidity in smallcap counters. Block deals of this magnitude can cause sharp price movements, especially when there’s a lack of matching institutional buying demand.

Ethos’ Growth Strategy: Expanding Horizons
Ethos is actively working on expanding its footprint into Tier-II and Tier-III cities, anticipating growing demand for luxury and aspirational products beyond metro cities. The company is also investing in:
Digital channels through its omnichannel platform
The pre-owned luxury watch segment, which is seeing increasing traction in India
Enhancing loyalty programs and personalization, supported by AI and CRM platforms
With a focus on sustainable growth, brand exclusivity, and customer experience, Ethos aims to solidify its leadership in India’s nascent but growing luxury retail space.

Conclusion: Block Deals, Not a Business Risk
While the sale by Goldman Sachs may weigh on Ethos’ stock in the short term, it doesn’t reflect operational or structural weaknesses. The company continues to enjoy leadership in a high-growth niche and is expected to benefit from rising disposable incomes, urban aspirations, and digital-first luxury consumers.
For long-term investors, this could represent a healthy correction and potential entry opportunity, provided the broader small-cap sentiment remains stable.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

India Bond Yields Steady, Traders Seek Direction

, , , , , 0 Comment
Read More