Hindustan Zinc shares surged 16.8% in four sessions, driven by a sharp rally in silver prices, which hit all-time highs on MCX. As the worlds third-largest silver producer, the company benefits from rising demand amid geopolitical tensions and dollar weakness.
Jindal Saw shares: On Monday, June 9, Jindal Saw announced that its board had approved three overseas investments totaling up to $118 million, as part of its strategy to expand its presence in the iron and steel industry across the region.
United Spirits shares: According to the report, Diageo is considering several options regarding its stake in the prominent cricket franchise, which it holds via United Spirits. The British liquor major is said to be in talks with advisers to assess the possibility of selling either a partial or complete stake in RCB.
The Wealth Company Asset Management, part of Pantomath Group, plans to launch Bharat Bhumi Fund. The fund will be worth Rs 2,000 crore. It will target the real estate sector. Rakesh Kumar and Bhavya Bagrecha will lead the fund. Peter Sharp joins as advisor. The fund will invest in data centers, warehousing, and residential projects.
Coforge shares: The brokerage expressed continued confidence in Coforges strong growth potential and margin improvement. It also highlighted the companys optimistic management outlook, noting the absence of macroeconomic challenges that have affected other firms in the sector.
Chinas deflation pressures are shifting consumer habits, with luxury buyers like Mandy Li opting for heavily discounted second-hand goods amid wage cuts and property losses. The booming resale market faces intense competition and deep discounts, reflecting wider economic struggles and rising concerns about sustained deflation and business closures.
Gold June futures at MCX opened lower by Rs 723 at Rs 96,397/10 grams. Silver July futures also dipped by Rs 563 to Rs 1,06,524/kg after reaching an all-time high. Despite settling positively on Monday, both metals experienced volatility due to ongoing US-China trade talks and a weaker dollar. Analysts expect continued fluctuations this week
Grasim Industries surged 4.4% on Tuesday after Morgan Stanley upgraded the stock to Overweight and raised its target price to Rs 3,500, implying a 28.5% upside. The brokerage also named it a top pick, citing strong prospects in the paints segment, which has exceeded expectations since launch, and highlighted multiple growth opportunities driving long-term value.
