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Prime Focus attracted significant investments from market veterans like Ramesh Damani, Singularity AMC, and Utpal Sheth, leading its shares to surge by 10% on the BSE. These investors collectively acquired a 3.3% stake, amounting to approximately Rs 146.2 crore.
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Gold prices hit a record high on Monday. This happened after weak job data in the United States. The data increased the expectation that the US Federal Reserve will cut interest rates. Spot gold increased. The rise was also driven by a weaker dollar and central bank buying. Investors are now waiting for the US inflation report.
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Equirus Capital highlighted strong momentum in India’s real estate sector, with robust growth across residential, commercial, and hospitality. Bengaluru emerged as a global hub, offering affordable office rentals, cost-effective workforce, and the highest commercial space absorption worldwide.
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Mahindra & Mahindra surged 14% in four sessions as GST 2.0 cuts auto tax slabs, boosting SUVs and tractors. Analysts expect near-term pullbacks but medium-term upside toward Rs 4,000, aided by festive season demand and structural reforms.
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Nomura raised Eternal’s target price to Rs 370, projecting a 12% rally driven by Blinkit’s shift to an inventory-led model, store expansion, and expected breakeven by FY26. Food delivery remains the cash engine with strong growth prospects, while competition poses near-term risks.
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