South Indian Bank scripts a turnaround

The stock of Thrissur-based South Indian Bank outperformed its peers in the past year. While it is a small-cap stock with market capitalisation of just Rs 3,500-odd crore, the sharp rise of 118% to Rs 17.2 per share (on Thursday) has attracted brokerages towards it. In a recent report, ICICI Securities has increased its price […]

Gold trades above $1950 after USD declines, PCE index forecast to show sustained inflation

By Bhavik Patel Gold futures are trading above $1950 comfortably after USD declined due to ease in the banking crisis and softer Germany’s inflation. The preferred inflation indicator of the Federal Reserve, the PCE (Personal Consumption Expenditures Price Index) will be released today and forecast is that inflation will remain elevated. This will be positive […]

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