COMEX Gold halted its two-day winning streak, closing over 2% lower in the previous session after the Federal Reserve opted to maintain interest rates at current levels. However, the downside was limited as the Fed highlighted concerns about economic headwinds from tariff-related uncertainties.
In early trade today, gold regained some ground amid renewed caution surrounding the US-China trade negotiations, which reinforced its status as a safe-haven asset. MCX Gold prices opened higher by more than 100 points. The overall trend looks bullish for prices as it is trading above 9 EMA on the daily chart. Investors will be watching for jobless claims data that is set to be released this evening.
#1 Profit rises 2.4 percent to Rs 107.5 crore Vs Rs 105 crore, QoQ
#2 Revenue falls 8 percent to Rs 2,617.2 crore Vs Rs 2,842.8 crore, QoQ
#3 Board recommends final dividend of Rs 4.40 per share
Net profit is expected to increase around 10 percent YoY from Rs 4,396 crore. Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) margin is expected to increase to around 10.9 percent from 10.8 percent in Q4FY25….Read More
#1 Profit spikes 231.2 percent to Rs 16 crore Vs Rs 4.8 crore, YoY
#2 Revenue declines 1.6 percent to Rs 773.8 crore Vs Rs 786.4 crore, YoY
Grant Thornton will offer the Zaggle Spend Management platform to it’s corporate clients and large enterprises.
The Sensex was down 56.60 points or 0.07 percent at 80,690.18, and the Nifty was down 30.05 points or 0.12 percent at 24,384.35. About 2207 shares advanced, 715 shares declined, and 124 shares unchanged.
Analysts predict margin outlook aided by product mix and USD tailwinds; but lack of one-off income may weigh QoQ….Read More
#1 Loss narrows to Rs 56 crore Vs loss of Rs 850 crore, YoY
#2 Revenue rises 1 percent to Rs 3,509 crore Vs Rs 3,475 crore, YoY
#3 Board recommends dividend of Rs 11 per share for FY25
#4 Board approves fund raising up to Rs 200 crore via issuance of NCDs
#1 Profit increases 20.5 percent to Rs 97.4 crore Vs Rs 80.8 crore, YoY
#2 Revenue grows 8.9 percent to Rs 2,321.4 crore Vs Rs 2,131.5 crore, YoY
#3 Board recommends dividend of Rs 10 per share