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Raymond Lifestyle's shares rose 3.4% after Motilal Oswal projected a 29% upside, with a target of Rs 3,000. The growth outlook is fueled by the brand's focus on growth, disciplined working capital, and expanding categories like Ethnix.
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Closer home in India, we will probably see a turn in the interest rate cycle after a couple of years hopefully and we will also see earnings sort of picking up a little bit of a pace in the second half as compared to the first half of this financial year and then we have to see whether the investment demand picks up adequately or not because that has been lagging for the last one year or so, especially on the government side.
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Gold and silver prices remain steady, with gold at Rs 76,589/10 gram and silver at Rs 89,570/kg. Volatility in the dollar index, geopolitical tensions, and a weak rupee are supporting precious metals. Gold targets Rs 76,700; silver Rs 90,200.
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News and Media
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