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V-Mart Retail Ltd shares surged nearly 20% on Friday after a robust Q2 FY26 update. The company reported 22% year-on-year revenue growth to Rs 807 crore and 11% same-store sales growth. Its expansion with 25 new stores further lifted investor sentiment.
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Baazar Style Retail slipped 11% from the day’s high despite reporting a 71% YoY jump in Q2 revenue to Rs 532 crore. The stock initially reacted positively to the updates, surging nearly 4% but saw a sharp drop as the day progressed. The Kolkata-based value fashion retailer added 20 new stores in the quarter, driving strong sales momentum and double-digit Same Store Sales Growth.
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Indian households traditionally store wealth in physical gold and silver, but this presents challenges like storage and liquidity. Gold and silver ETFs emerge as modern, efficient alternatives, offering transparency, liquidity, and security. Gold acts as a stable anchor during economic stress, while silver provides cyclical upside.
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A market veteran sees a positive shift for India’s financial sector. Private banks, including HDFC Bank and ICICI Bank, will lead future growth. FY27 is expected to be a landmark year for both private and public sector banks. Rate cuts and government measures will support this expansion. A billion-dollar NBFC investment highlights this outlook.
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Shares of Bharat Electronics Ltd (BEL) rose 2% to Rs 414 on October 3 after Goldman Sachs initiated coverage with a Buy call and a target of Rs 455, signalling 12% upside. The company is well-positioned across order execution and inflows, insulated from defence spending dips, and set to benefit from major projects like QRSAM, Project Kusha, and increased focus on defence electronics.
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