But those seeking greater safety should stick to SGBs or gold ETFs
Jewellery retailer Kalyan Jewellers on Tuesday reported a narrowing of its consolidated loss to Rs 51.30 crore for the quarter ended June. The consolidated loss of the company stood at Rs 85.87 crore during the corresponding quarter of 2020-21, Kalyan Jewellers said in a regulatory filing. Revenue from operations of the company witnessed a growth of 109.19 per cent during the quarter under review at Rs 1,636.77 crore, compared to Rs 782.40 crore during the corresponding period of the previous fiscal. The company said the growth in revenue was primarily driven by robust sales momentum across stores both prior to, and post lockdowns in the recently concluded quarter, as well as a low base in the last financial year. While the India revenue grew by 94 per cent, the Middle East growth was 183 per cent, it added. "The outcome of the first quarter has been above our expectations and we are happy with the overall performance. The pace of demand recovery witnessed in the just concluded ..
Kalyan Jewellers on Thursday reported a 54.05 per cent jump in its consolidated profit after tax (PAT) to Rs 73.87 crore for the quarter ended March 31.
Kalyan Jewellers on Thursday said it has witnessed a robust increase in consumer demand and seen revenue growth of nearly 60 per cent in its India operations in the fourth quarter ended March 31, 2021
While the brand has plans to scale up existing operations in the tier-1 cities, it will also focus on the tier-2 and tier-3 markets, with mid-size showrooms
Shares of four companies listed this week have been below IPO price
Bajaj Finserv, Asian Paints, HUL, Titan Company, Bajaj Auto, and HDFC were leading the list of gainers on the Sensex, up between 2.7 per cent and 4.4 per cent
The stock listed at Rs 73.90, a 15 per cent discount against the issue price of Rs 87 per share on the BSE
French company Groupe Atlantic would invest Rs 68.3 crore in Somany Home Innovation Limited (SHIL) for 50 per cent stake in its water heater business, as per a regulatory filing
As per grey market watchers, the premium for Anupam Rasayan, whose shares are set to debut on the bourses tomorrow, has slipped by over 75 per cent
Analysts said Kalyan's weak performance in the previous three financial years coupled with slowdown in the economy weighed on investor sentiment
Market analysts said that HNIs invested in the Kalyan IPO keeping in mind long term gains, as opposed to listing gains
Unprecedented rush due to excess liquidity; all IPOs getting oversubscribed multiple times over, say experts
The institutional investor portion of the IPO was subscribed 175 times
The retail portion has been subscribed 1.92 times
Anupam Rasayan's Rs 760-crore offer was subscribed 45 times; Kalyan Jewellers' IPO was subscribed 60 per cent on the first day of the issue
The initial public offer of Kalyan Jewellers India was subscribed 60 per cent on the first day of subscription on Tuesday
The price band of the offer has been fixed at Rs 86 to Rs 87 per equity share
The IPO comprises issuance of fresh equity up to Rs 800 crore and an offer for sale worth Rs 375 crore
The company's performance was impacted significantly during fiscal 2018-19 and in the nine months of the current fiscal (9MFY21) due to natural calamities in the South India and Covid-19 pandemic