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Global brokerage Jefferies has initiated coverage on Anthem Biosciences with a Buy rating and a price target of Rs 1,050, citing the company’s differentiated capabilities across small- and large-molecule therapeutics, strong return ratios and a healthy growth runway. The target price implies an upside of around 20% from Anthem Biosciences’ current market price of Rs…
Shares of gold loan providers, including Muthoot Finance, Manappuram Finance and IIFL Finance, extended their gains on Friday as gold prices continued to climb, supported by a weaker dollar and the US Treasury’s bond-buyback move. Gold prices have been recording sharp gains since Thursday after a surprise liquidity support announcement by the US Treasury pushed…
Shares of Hindustan Copper rose as much as 3.6% to Rs 580.50 on Friday before paring some gains. The rally came as global copper prices edged higher, supported by a weaker US dollar, although the metal remained on track to end a seven-week winning streak amid rising inventories and narrowing nearby price spreads. Benchmark three-month…
Shares of sugar companies tumbled on Friday after the government allowed duty-free imports of 1 million metric tonnes of raw sugar until October 31, as prices surged ahead of the festive season. Sugar stocks had rallied sharply in recent weeks as sugar prices climbed nearly 40% over two months amid tightening supplies, prompting India, the…
Shares of Goodluck India, a manufacturer of precision engineering and steel products, appeared to have crashed nearly 66% in a single session on Friday after adjusting for its first-ever 2:1 bonus issue. Goodluck India shares opened at Rs 493.20 apiece on the NSE on Friday, compared with Thursday’s closing price of Rs 1,439.40. On an…
Shares of Vedanta-owned Hindustan Zinc rose as much as 4% to a day’s high of Rs 595.30 on Friday, extending gains for a second straight session and taking the two-day advance to 7%. The gains came after silver prices rose for a third straight session. MCX silver jumped Rs 13,000 per kg to Rs 2,45,158,…
RailTel Corporation of India shares gained nearly 4% in Friday’s session after the company secured a Rs 164.78 crore work order from Western Coalfields Limited (WCL), extending its strong order-winning streak in August. The stock climbed as much as 3.92% to Rs 291.75 during the session, as investors reacted to the latest contract and the…
If you make a profit by selling an asset, it it generally treated as a capital gain and income tax would be payable on such gains. However, what many people may not know is that proceeds from the sale of certain personal belongings, such as furniture, car, scooter or even a dress, are exempt from…
Gold and silver prices: The price of the yellow metal in India’s retail market rose on Friday, 21 August, amid ongoing uncertainty over the US-Iran conflict in the Middle East. The US plans to intensify economic sanctions on Iran and is asking China for its support. Tehran, on the other hand, has stated that ‘Trump’s…
For nearly two years, Indian equities have lagged a world captivated by AI and semiconductors. In the Mint Money Guru series, Jay Kothari, ED and international business head, DSP Asset Managers, explains why that underperformance could set up a reversal—and what retail investors should watch as a wave of IPOs approaches.