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Gold prices have moved up sharply in recent times and outperformed the Nifty 50 over a 5-year period returning 17.39% against the Nifty s return of 15.24%. However, it trailed over a 10-year period returning 9.02%, against the Nifty 50 return of 13.3%. Over the last three months, prices rose 19%, while over a year, they rose 22.8%.
A group led by a Bengaluru-based investment manager has contested ICICI Bank s bid to delist its brokerage arm, ICICI Securities. Despite shareholder support for the merger, retail investors opposed it. The proposed swap ratio and alleged irregularities have sparked objections, with Quantum Mutual Fund urging legal action to protect minority interests.
In this edition of Moneycontrol Pro Panorama: Cocoa price graph turns vertical, February flash PMI shows India in a good position, current earnings trends hint at sustainablity, wait for a robust gig economy before taxing it, and more
Analysts, however, say upsides in these shares could be limited because of rising credit costs and rich valuations. Shares of UCO Bank soared 15.23% to an all-time high of ₹60.65.