JM Financial has initiated coverage on Kalyan Jewellers with a buy rating, setting a target price of Rs 700. This optimism stems from Kalyan's strategic store expansion, improving financials, and the favourable trends in India's jewellery sector.
Waaree Renewable Technologies' shares soared 15% to Rs 1,120 ahead of its June quarter results. The board is set to meet on July 17, 2025, to approve the financials. Trading volume surged with 25 lakh shares exchanging hands, valued at Rs 270 crore.
WeWork India, a top premium flexible workspace provider, has received SEBI approval for its IPO, which includes an Offer for Sale of up to 4,37,53,952 equity shares, as per its DRHP. SEBI issued the observation letter on July 8, 2025.
Peter McGuire discusses the potential impact of Trump's proposed tariffs on Russian energy, noting an initial dip in oil prices. While gold consolidates, silver is experiencing a surge, reaching 14-year highs. Investors are shifting focus to silver due to its potential and demand in renewable energy sectors, with a bullish outlook for continued growth.
Ola Electric shares: On Monday, Ola Electric Mobility reported a consolidated net loss of 428 crore for the quarter ended June 30, 2025, a 23% increase year-on-year, though the loss was lower than Kotak Institutional Equities estimates.
Spunweb Nonwovens IPO was off to a strong start, garnering 7.61x subscription on Day 1, led by robust retail and NII demand. Shares are commanding a grey market premium of Rs 2530, indicating a potential 26% listing gain. The Rs 61 crore issue, entirely fresh, aims to fund working capital, invest in a subsidiary, and reduce debt.
