Berger Paints India saw its shares surge following a robust Q4 FY26 profit jump of over 27%, driven by strong sales volumes and better margins. Despite global uncertainties, the company anticipates continued growth fueled by construction chemicals and new product launches, with price adjustments expected to bolster profitability.
India's bullion market faces a significant reset as the government hikes import duties on gold and jewellery. Analysts predict this will cool demand, reduce imports, and push domestic gold prices higher, potentially impacting jewellery and ETF investments. Meanwhile, silver is poised to benefit from global supply deficits and disruptions.
Government has raised import duties on gold and silver to 15 percent. This move has caused precious metal prices to surge. Hindustan Zinc and Vedanta shares saw significant jumps following the announcement. The government aims to curb imports and stabilize the rupee. Hindustan Zinc, India's largest silver producer, is expected to benefit from higher silver prices.
SBI shares have fallen over 20% from their peak after Q4 earnings revealed margin contraction and a sequential drop in net interest income. Despite this, brokerages maintain a positive outlook, citing strong fundamentals and recommending a 'Buy' rating with revised price targets.
Gold and silver ETFs rallied on Wednesday after prices of the precious metals surged on the Multi Commodity Exchange of India, following goivernemt announced higher import duties. Most gold and silver ETFs logged broad gains, while experts urged investors to avoid timing the spike and instead use SIPs to navigate the volatility.
