According to Emkay Global Financial Services, Titan observed an impact on consumer sentiment due to high gold prices, in gold jewellery, within the sub-50,000 price band. In the higher price band, buyer growth was seen with higher demand for simple designs that attracted lower making charges. To offer more options to consumers amid steep gold prices, Titan has introduced a 9-carat collection in its Caratlane business to make products affordable.
Asian shares opened cautiously amid anticipation of fresh trade news influencing US asset demand. The dollar weakened as trade tensions and US fiscal concerns persisted. Investors are closely monitoring President Trump's trade dealings with Japan and India, while China pushes for yuan usage in cross-border trade. Nvidia's results and the upcoming US inflation data will be key events this week.
Late-stage Indian startups like InMobi, Zepto, and Zetwerk are increasingly securing private credit before their IPOs. This strategy allows them to buy out early investors, streamline their capital structures, and potentially increase valuations. These deals, typically costing 14-18% annually, are repaid from IPO proceeds, offering private credit funds downside protection and equity upside potential as companies prepare for public listings.
Sebi has levied a 25 lakh penalty on Multi Commodity Exchange of India (MCX) due to insufficient disclosures concerning payments made to 63 Moons Technologies for software services. The regulator found lapses in disclosing payments related to the trading software contract. MCX is required to pay the fine within 45 days, as per Sebi's order.
Analysts predict significant growth for select stocks, with potential returns ranging from 15% to 57%. Aurum Proptech is expected to benefit from the expanding proptech sector, while Radico Khaitan aims to increase its premium whisky market share. GMR Airports anticipates EBITDA growth, and GE Vernova T&D India foresees strong demand and earnings growth.
Eternal's shares declined 4.5% due to the company's decision to limit foreign shareholding to 49.5%, potentially triggering significant selling by overseas passive funds. Nuvama Alternative & Quantitative Research estimates outflows ranging from $820 million to $1.3 billion as MSCI and FTSE benchmarks reduce the stock's weightage. This shift stems from Eternal's move to become an Indian Owned & Controlled Company.
