MOFSL is offering eight series of NCDs carrying fixed coupons with a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and at-maturity interest payout options. Effective annual yield for NCDs ranges from 8.85 percent to 9.70 percent per annum.
Deveya Gaglani, Research Analyst - Commodities, Axis Securities, said, "Gold prices ventured into unchartered territory above the Rs 70,000 level for the first time in history. Prices made a new lifetime high of Rs 70699 after the NFP data print from the USA."
India Business News: “India is currently experiencing a mini-Goldilocks moment,” MOFSL said. A Goldilocks moment is one where all situations are ideal. MOFSL is optimistic
Rahul Shah analyzes the market performance post Q3 earnings, highlighting the success of largecap IT stocks like TCS and Wipro. He suggests investments in power sector stocks NTPC, PFC, and REC. Auto sector, especially two-wheelers, shows promising growth. Shah says: We still expect the momentum to continue in the two-wheeler spaces going forward and I would remain invested in this two-wheeler theme."