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Hindustan Zinc shares surged 4% to Rs 532 as silver hit a fresh high, driven by a US Fed rate cut. The company, India's sole pure-play silver producer, benefits significantly from rising silver prices, which contribute substantially to its earnings and are expected to boost its valuation.
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News and Media
ICICI Prudential AMCs IPO, valuing the company at Rs 1.07 lakh crore, puts it nearly level with HDFC AMC, reflecting its rise as a co-leader in Indias fast-growing asset management industry. With the largest equity AUM, rapid profit growth and an unmatched distribution network, the fund house commands premium valuations. But rich pricing, tighter Sebi rules and intensifying competition leave little margin for error.
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News and Media
Kaynes Technology India shares saw a rebound on Thursday after a sharp decline. Analysts at Nomura and Morgan Stanley maintain positive ratings, citing potential for growth and improved disclosures. The company faced scrutiny over accounting practices in its smart meters segment. Despite past challenges, future catalysts include working capital improvements and new business lines.
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News and Media
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