Silver Consumer Electricals, renowned for its pumps and motors, has successfully raised Rs 150 crore through a pre-IPO secondary share sale. A 2.59% stake was sold by a promoter group member to investor Riyaz Suterwala, paving the way for its upcoming initial public offering. With its DRHP filed last August, the Rajkot-based company aims to secure up to Rs 1,400 crore to address debt and enhance corporate operations.
Indian markets witnessed a dip on Friday, with technology stocks, particularly chipmakers, facing renewed selling pressure. Investors are now scrutinizing the elevated valuations of these companies and the substantial investments being poured into Artificial Intelligence. The Dow Jones, S&P 500, and Nasdaq Composite all opened lower, signaling a cautious sentiment among traders as the quarter concludes.
David Swensen emphasised the importance of maintaining an equity bias for long-term investors, noting that stocks tend to deliver stronger returns over extended horizons. Despite short-term volatility, equities reward patience and discipline. His advice highlights the value of staying invested, avoiding market timing, and aligning portfolios with long-term financial goals.
The board of Power Grid Corporation has approved a substantial raise in its borrowing limit to Rs 2.2 lakh crore, up from Rs 1.8 lakh crore, subject to shareholder consent. Furthermore, the company intends to obtain USD 500 million in foreign currency resources via External Commercial Borrowings. The board has also sanctioned an investment of Rs 772.
SBI Mutual Fund’s unlisted shares have delivered nearly 3.8x returns over the past three years, helped by sharp price appreciation and a 3:1 bonus issue, ahead of its proposed IPO. With Sebi’s approval in place, the country’s largest asset manager is expected to launch its public issue in early July.
Gold prices are facing a significant downturn, nearing a fourth consecutive weekly loss, as a robust US dollar and anticipated aggressive interest rate hikes by the Federal Reserve to combat inflation exert pressure. The precious metal has dipped below the $4,000 per ounce mark for the first time in years. Analysts predict this downward trend could persist for months, with potential long-term price targets around $3,400.
Crypto prices may have corrected sharply in 2026, but underlying trends suggest growing maturity. Institutional participation, stronger blockchain activity, improving regulation and broader adoption indicate that Bitcoin, Solana and XRP are increasingly being viewed through long-term utility rather than short-term price moves.
Brokerages have initiated fresh coverage on several Indian stocks across metals, textiles, engineering and luxury retail, with mostly Buy ratings and double-digit upside targets. Firms like Meesho, Vedanta Aluminium, GE Vernova T&D and Welspun Living are seen as key beneficiaries of sectoral growth and structural demand trends.
Raamdeo Agrawal recalls Rakesh Jhunjhunwala’s exceptional ability to spot undervalued stocks and build long-term wealth, highlighting his famous Titan investment as a defining example. Despite early setbacks in the company, Jhunjhunwala accumulated shares at low prices and held them through its transformation into a major jewellery business, creating massive wealth over two decades.
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