The downside in the Indian rupee, which has been steadily depreciating over the past months, is unlikely to abate soon as it hit yet another record low on Monday.
Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, highlighted the factors behind the price drop, stating, "Gold's weakness persisted with prices falling below USD 2,550 and near Rs73,500 on MCX as the dollar climbed above 106.50 and edged closer to 107. The US CPI
India Meteorological Department (IMD) forecasts of a more than longer heatwave this summer, has given a reason to cheer for the air conditioner manufacturers. AC makers in India are ready with their stocks and are also launching new range of summer appliances for the mass market.
Over the past year, the bank's shares rose by about 78 per cent. In 2024, they have, however, declined a little over 3 per cent. On Tuesday closing, the shares of the bank were 0.7 per cent lower at Rs 230.
LKP Securities, in a report named 'Pre Budget Picks', said it sees a potential return on investments in a range 20-23 per cent over the next 3-4 months.
New Delhi [India], October 17 (ANI): Brokerage and financial advisory firm LKP Securities has given "buy" ratings to potential investors for stocks such as Bajaj Auto, The Federal Bank, and HDFC Bank.
Mumbai (Maharashtra) [India], February 15 (ANI/NewsVoir): LKP Securities Ltd has entered into an arrangement with HDFC Bank Ltd to offer a special 3-in-1 online account. Under this facility, customers of LKP Securities Ltd. can complete thier bank account opening formalities and gain added b