Fri, Feb 23, 2024 2:43 PM
Moneycontrol Pro Panorama | Welcome to the rate cut bingo!
A Flip by Riya Sharma
Gold prices experienced a slight dip on Friday (November 15), with the precious metal headed for its worst week in over three years. Spot gold was trading at $2,562.61 per ounce, down 0.1%, and had fallen more than 4% throughout the week. The precious metal had previously hit a two-month low, marking a decline of over $220 from its record high last month.
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Crude oil prices fell slightly on Friday due to concerns about oversupply and weaker demand, which were magnified by a stronger US dollar. These concerns about oversupply and reduced demand overshadowed the impact of a drop in U.S. fuel stocks, contributing to the decline in oil prices. Brent crude futures dropped by 30 cents, or 0.41%, to $72.26 per barrel.
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Prabhudas Lilladher's research report on Hindustan Aeronautics. Hindustan Aeronautics (HAL) reported 6.0% YoY revenue growth in Q2FY25 with EBITDA margin increasing by 33bps YoY to 27.4%. During the quarter, HAL secured an order valued at ~Rs260bn for 240 AL 31-FP engines to power Sukhoi Su-30 fleet, with deliveries scheduled over an 8-year period starting Sep’25.
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