Mangalam Worldwide Ltd, a stainless-steel manufacturer, has moved to the mainboard of the National Stock Exchange. The transition involves nearly three crore equity shares. Chandragupt Prakash Mangal, Managing Director, sees this as a sign of market confidence. The company believes this move will increase visibility and attract more investors. This aligns with Mangalam Worldwide’s plans to grow and increase exports.Read More
The stock trades at a rich 310x P/E, making it one of India’s costliest. Analysts advise caution, citing modest profit margins and high debt, recommending investors track performance post-listing before taking fresh positions. Revenue has grown from Rs 69.9 crore in FY23 to Rs 158.9 crore in FY25, with healthy EBITDA margins above 50% and PAT at Rs 1.8 crore.Read More
Bitcoin rallied nearly 1% to $117,484 as the crypto market digested the US Fed’s 25-basis-point rate cut. Ethereum and XRP also gained, while BTC tested resistance at $117,800, signaling potential upside toward $120,000 amid cautious trading and sector-specific optimism.Read More
India’s data center capacity is projected to quintuple by 2030, driven by surging internet traffic, AI adoption, and data localization. This expansion requires substantial investment, potentially reaching $30 billion in facility capex. While investor enthusiasm is high, challenges like power supply, rising tariffs, and execution risks need careful consideration for long-term success.Read More
Platinum is emerging as a top performer in 2025, with prices soaring nearly 57% year-to-date. A significant market deficit, driven by declining mine output in South Africa and robust demand from the automotive and jewelry sectors, fuels this rally. Chinese and Indian buyers are increasingly favoring platinum over gold, further boosting demand.Read More
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