National News
Shringar – House of Mangalsutra files IPO papers with SEBI
Leading mangalsutra brand Shringar House of Mangalsutra has filed IPO papers with SEBI to raise *Rs 250 crore* for working capital & general corporate purposes. The IPO is entirely a fresh issue of *2.43 crore equity shares.
Financial Performance
Fiscal 2024 Revenue: ₹1,101.52 crore (up 16% from ₹950.22 crore in FY23)
* Profit After Tax (PAT) for FY24: ₹31.10 crore (up 33% from ₹23.36 crore in FY23)
H1 FY25 (as of September 30, 2024)
Revenue: ₹687.13 crore
PAT: ₹33.03 crore
National News
Gold Prices In India Register Notable Adjustments
Investors and Trade Experts Are Closely Monitoring The Trajectory To Evaluate Whether This Dip Signals The Start Of A Broader Market Correction Or A Temporary Price Consolidation
Gold prices in India registered notable adjustments today, tracking a sharp downturn in international bullion markets. According to market data from Good Returns, 24-carat gold stands at Rs 13,888 per gram, 22-carat gold at Rs 12,730 per gram, and 18-carat gold at Rs 10,416 per gram.
The domestic shifts follow a heavy sell-off in global markets, where the price of fine gold slipped below the key $4,000 mark to hit $3,979 per troy ounce.
Investors and trade experts are closely monitoring the trajectory to evaluate whether this dip signals the start of a broader market correction or a temporary price consolidation.
Current Domestic Gold Rates: 24-Carat Gold: Rs 13,888-22-Carat Gold: Rs 12,730-18-Carat Gold: Rs 10,416
Gold Prices In India Register Notable Adjustments
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