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Info Edge (India) reported a 27% year-on-year increase in consolidated net profit for the June quarter, reaching Rs 296 crore. Revenue also saw a 17% rise to Rs 791 crore. Standalone billings grew by 11.2%, with recruitment business increasing by 9.0% and non-recruitment portfolio growing by 17.6%. However, the recruitment segment faced headwinds and a sectoral slowdown.
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Anshul Saigal discusses the market's current narrow focus on companies with certain earnings growth and limited downside. He notes the insurance sector's recent momentum due to strong results and low ownership, highlighting LIC's price appreciation.
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Gold October futures on MCX hit a fresh all-time high of Rs 1,02,191/10g, driven by US trade tariff uncertainty and central bank buying. Silver also remained strong. Analysts expect continued volatility but maintain a positive outlook amid global risks. Gold and silver are poised for a second straight week of gains, supported by bullish technicals and rising physical demand.
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