Super Iron Foundry’s shares will debut on the BSE SME platform at a slight premium over the IPO price of Rs 108. The company raised Rs 68 crore, which will fund working capital and debt repayment. It exports to Europe and the Middle East and has a 72,000 MT annual production capacity in West Bengal, bolstered by advanced automation.Read More
Zydus Lifesciences received final USFDA approval to manufacture Apalutamide tablets for prostate cancer, following last week’s approval for Eluxadoline tablets for IBS treatment. The stock shows a hold rating with an 18% target price upside. Despite recent approvals, the shares have declined 7% year-to-date.Read More
Gold prices continue to rise as investors treat gold as an investment. Central banks are accumulating gold. Geopolitical risks and inflation concerns drive demand. Analysts predict that gold may reach Rs 1 lakh per 10 grams in the long-term. They recommend a systematic investment approach for investors to benefit from corrections.Read More
India attracts substantial foreign investments as a structural growth story, but to elevate its GDP growth, key reforms in land, labor, and judicial areas are essential. Managing Director of Kotak Mahindra Asset Management, Nilesh Shah, emphasizes the need for bold policy measures to achieve higher growth rates.Read More
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