The Indian Rupee slipping to 90.44 against the US dollar has once again brought currency volatility into sharp focus. While a 10 paise move may appear modest on the surface, it reflects deeper global and domestic undercurrents that investors cannot afford to ignore.
Currency movements influence everything from foreign investment flows to inflation, corporate earnings, and equity market sentiment. For Indian investors, understanding what is driving the rupee lower is just as important as tracking stock indices.
The latest fall in the Indian Rupee is not the result of a single trigger. Instead, it is a combination of global monetary trends, geopolitical risks, and domestic demand for dollars.
One of the biggest factors weighing on the rupee is the persistent strength of the US dollar. Expectations of higher interest rates in the United States and a resilient US economy have pushed global investors toward dollar assets.
When global funds move into dollar-denominated instruments, emerging market currencies like the rupee tend to weaken. This trend has played out repeatedly during periods of global uncertainty.
India is heavily dependent on crude oil imports. Any uptick in oil prices increases dollar demand from oil marketing companies, putting direct pressure on the rupee.
For example, when crude prices rise sharply, Indian refiners need more dollars to settle import bills. This demand-supply imbalance often reflects immediately in the currency market.
Heightened geopolitical tensions and uneven global growth have increased risk aversion among foreign investors. In such phases, funds typically move away from emerging markets toward safer assets.
This shift results in capital outflows, which weaken the rupee further in the short term.
While global forces play a dominant role, domestic dynamics also influence the rupee’s trajectory.
Foreign Institutional Investors closely track currency stability when allocating capital. Even modest rupee weakness can prompt cautious positioning, especially in debt markets.
Periods of sustained FPI outflows tend to coincide with pressure on the rupee, creating a feedback loop between equities, bonds, and the currency market.
India’s trade deficit widens when import growth outpaces exports. Higher imports of oil, electronics, and capital goods increase dollar demand, impacting the rupee.
Although exports benefit from a weaker currency, the overall effect depends on global demand conditions.
A weaker rupee can make imports costlier, especially fuel and commodities. This raises concerns about imported inflation, which the Reserve Bank of India closely monitors while setting monetary policy.
Currency movements do not affect all sectors equally. Some benefit, while others face margin pressure.
IT services, pharmaceuticals, and specialty chemical exporters typically benefit from rupee depreciation. Their revenues are largely dollar-linked, while costs are mostly rupee-based.
For instance, a weaker rupee often supports earnings visibility for IT majors, improving market sentiment around the sector.
Aviation, oil marketing companies, and capital goods manufacturers that rely on imported components tend to see margin stress when the rupee weakens.
This is why currency movements are closely tracked by sector analysts and equity investors.
While short-term rupee weakness can unsettle markets, its impact depends on whether the move is orderly or abrupt. Gradual depreciation is usually absorbed by markets, while sharp swings can trigger volatility.
The Reserve Bank of India does not target a specific exchange rate but focuses on preventing excessive volatility.
Using its forex reserves, the RBI intervenes in the currency market when movements become disruptive. India’s healthy reserve position provides confidence that sharp, disorderly moves can be managed effectively.
At the same time, the central bank balances currency stability with broader goals like growth, inflation control, and financial stability.
For retail investors, currency volatility should not trigger knee-jerk reactions. Instead, it offers an opportunity to review portfolio positioning.
Diversification across sectors, exposure to export-oriented companies, and a long-term investment horizon help navigate currency-driven volatility.
This is where platforms like Swastika Investmart, a SEBI-registered market participant, add value through research-backed insights, sector analysis, and investor education. Having access to timely market intelligence helps investors make informed decisions rather than emotional ones.
Why did the Indian Rupee fall to 90.44 against the dollar?
The fall was driven by a strong US dollar, rising crude oil prices, and cautious global investor sentiment.
Does a weaker rupee always hurt the stock market?
Not necessarily. Export-oriented sectors often benefit, while import-heavy sectors may face pressure.
Will RBI intervene if the rupee weakens further?
The RBI typically intervenes to manage excessive volatility, not to defend a specific level.
How does rupee depreciation affect inflation?
A weaker rupee can increase import costs, especially for fuel, which may contribute to imported inflation.
The Indian Rupee sliding to 90.44 against the US dollar reflects a complex mix of global and domestic factors rather than a single economic weakness. While currency pressure creates challenges, it also reshapes sector dynamics and investment opportunities.
For investors, staying informed and focused on fundamentals is crucial during such phases. With its SEBI registration, strong research tools, responsive customer support, and emphasis on investor education, Swastika Investmart helps investors navigate currency-driven market volatility with confidence.
Updater Services Limited is an integrated business services platform in India offering integrated facilities management (“IFM”) services and business support services (“BSS”) to its customers, with a pan-India presence.
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Promoter, Chairman and Managing Director of the Company. He is one of the founding directors of the Company and has been on the board since its incorporation. In the Company, he focuses primarily on corporate governance, organizational development, capital allocation and strategic growth of the Company. He has approximately 30 years of experience.
Director of business operations of the Company. He has been associated with the Company since October 3, 2016. In the Company, he handles the pan India business operations.
Chief Financial Officer of the Company. He has been associated with the Company since December 11, 2019. He handles finance & accounts and compliances of the Company. He holds a bachelor’s degree in commerce from University of Madras. He is an associate member of the Institute of Chartered Accountants in India.
Company Secretary of the Company. He has been associated with the Company since March 6, 2023. In the Company, he is responsible for secretarial compliances. He holds a bachelor degree in commerce from the University of Madras. He is an associate member of the Institute of Chartered Accountants of India and an associate member of the Institute of Company Secretaries in India.
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Updater Services Ltd. (UDS) is a leading business services platform that offers a diverse range of services to customers (B2B) across diverse sectors. The company has a pan-India presence and a large workforce.
The financial performance of the company has been mixed, with growing revenue but declining profit. The company faces certain regulatory and operational risks due to the nature of its business. It is also exposed to service-related claims and losses.
Lastly, the issue is priced at a P/E of 44.3x, which is significantly higher than its listed peers. Thus, considering all the factors, we will avoid this IPO.
The information contained herein are strictly confidential and are meant solely for the information of the recipient and shall not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written permission of Swastika Investmart Ltd. (“SIL”). The contents of this document are for information purpose only. This document is not an investment advice and must not alone be taken as the basis for an investment decision. Before taking any decision to invest, the recipient of this document must read carefully the Red Herring Prospectus (“RHP”) issued to know the details of IPO and various risks and uncertainties associated with the investment in the IPO of the Company. All recipients of this document must before acting on the given information/details, make their own investigation and apply independent judgment based on their specific investment objectives and financial position. They can also seek appropriate professional advice from their own legal and tax consultants, advisors, etc. to understand the risks and investment considerations arising from such investment. The investor should possess appropriate resources to analyze such investment and the suitability of such investment to such investor’s particular circumstances before making any decisions on the investment. The Investor shall be solely responsible for any action taken based on this document. SIL shall not be liable for any direct or indirect losses arising from the use of the information contained in this document and accept no responsibility for statements made otherwise issued or any other source of information received by the investor and the investor would be doing so at his/her/its own risk. The information contained in this document should not be construed as forecast or promise or guarantee or assurance of any kind. The investors are not being offered any assurance or guaranteed or fixed returns on their investments. The users of this document must bear in mind that past performances if any, are not indicative of future results. The actual returns on investment may be materially different than the past. Investments in Securities market products and instruments including in the IPO of the Company are highly risky and they are generally not an appropriate avenue for someone with limited resources/ limited investment and low risk tolerance. Such Investments are subject to market risks including, without limitation, price, volatility and liquidity and capital risks. Therefore, the users of this document must carefully consider all the information given in the RHP including the risks factors before making any investment in the Equity Shares of the Company.
Swastika Investmart Ltd or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither Swastika Investmart Ltd nor Research Analysts have any material conflict of interest at the time of publication of this report. Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions. Swastika Investment Ltd may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. Research entity has not been engaged in market making activity for the subject company. Research analyst has not served as an officer, director or employee of the subject company. We have not received any compensation/benefits from the Subject Company or third party in connection with the Research Report.
CORPORATE & ADMINISTRATIVE OFFICE - 48, Jaora Compound, M.Y.H. Road, Indore - 452 001 | Phone 0731 - 6644000
Compliance Officer: Ms. Sheetal Duraphe Email: compliance@swastika.co.in Phone: (0731) 6644 241
Swastika Investmart Limited, SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732 Merchant Banking: INM000012102 Investment Adviser: INA000009843 MCX/NCDEX: INZ000072532 CDSL/NSDL: IN-DP-115-2015 RBI Reg. No.: B-03-00174 IRDA Reg. No.: 713.
फेड बैठक के बाद सोने की कीमते सप्ताह के निचले स्तरों पर आ गई, हालांकि कीमतों में गिरावट सीमित रही जबकि चांदी में 2 प्रतिशत की तेज़ी के बाद भाव 73600 रुपये प्रति किलो पर पहुंच गए। पिछले सप्ताह की बैठक में फेडरल रिजर्व ने तब तक दरें बढ़ाने के संकेत दिए है जब तक कि मुद्रास्फीति अपने वार्षिक लक्ष्य 2 प्रतिशत पर वापस नहीं आ जाती। जिसके कारण एमसीएक्स में सोना 0.20 की साप्ताहिक गिरावट के बाद 58800 रुपये प्रति दस ग्राम के स्तरों पर कारोबार करता दिखा। मौद्रिक नीति पर फेड के कड़े रुख के कारण स्पॉट गोल्ड 1950 डॉलर के महत्वपूर्ण स्तरों को पार नहीं कर पाया है जबकि यह महत्वपूर्ण सपोर्ट 1900 डॉलर के ऊपर बना हुआ है। बेंचमार्क अमेरिकी 10-वर्षीय ट्रेज़री यील्ड 4.5 प्रतिशत के शिखर पर पहुंचने के बाद सोने में दबाव बढ़ गया है, जो 2007 के बाद से सबसे अधिक है, और यह बांड बाजार में भारी बिकवाली को दर्शा रहा है। इस बीच, डॉलर इंडेक्स छह महीने के उच्चतम स्तर पर पहुंच गया, जिससे अन्य मुद्राओं के धारकों द्वारा डॉलर में कारोबार करने वाली वस्तुओं की खरीदारी सीमित कर दी है। पिछले सप्ताह फेड की नीति बैठक में सितंबर के लिए दरों को अपरिवर्तित छोड़ने के बावजूद, फेड द्वारा इस साल के अंत तक ब्याज दरों में एक और 0.25 प्रतिशत वृद्धि का अनुमान लगाया है। ब्याज दरों में बढ़ोतरी रोकने के बाद भी उच्च दरें लम्बी अवधि तक बने रहने के संकेत दिए है, जिससे सोने की कीमतों में दबाव बना रह सकता है जब तक की उच्च ब्याज़ दरों के कारण आर्थिक मंदी हावी नहीं हो जाती है।
इस सप्ताह कीमती धातुओं के भाव सिमित दायरे में रहने की सम्भावना है। एमसीएक्स अक्टूबर वायदा सोने में सपोर्ट 58000 रुपये पर है और रेजिस्टेंस 59500 रुपये पर है। दिसंबर वायदा चांदी में सपोर्ट 71000 रुपये पर है और रेजिस्टेंस 75000 रुपये पर है।
Manoj Vaibhav Gems 'N' Jewellers Limited is a hyperlocal jewelry retail chain with a presence in the micro markets of Andhra Pradesh and Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities. It has dedicated branded showrooms and has a strong rural market focus and a dedicated urban focus.
Chairperson and Managing Director of the Company. She has 23 years of experience in jewellery industry, having been associated with the Company since 2001. Her knowledge of jewellery industry has contributed to the growth of the Company.
Currently, she looks after the overall operations and gives strategic directions furthering the growth of the Company.
Whole-time Director and CFO of the Company. She has been involved in the areas of marketing, operations and product development of the Company.
Currently, she is involved in managing the finances of the Company.
Chief Operating Officer of the Company and is responsible for the operations of the Company. He joined the Company on April 01, 2022. He has an overall experience of approximately 9 years. Prior to joining the Company. he worked as an Assistant Manager-Business Development in Vijay Engifab Private Limited.
General Manager – Marketing of the Company. General Manager –Marketing of the company. He has an overall experience of approximately 37 years. Prior to joining this Company, he has worked with Cipla Limited and Rexcel Pharmaceuticals Limited.
Company Secretary and the Compliance Officer of the Company. He has been associated with the Company since 2014. His primary responsibility is to look after the overall secretarial matters of the Company. He has an overall experience of approximately 13 years.
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Vaibhav Jewellers is a South Indian-based jewelry retail chain. It has a focus on rural and urban markets, with 13 stores currently. It is also planning to expand with eight new stores. The company offers diverse product designs. and it has reported consistent financial performance.
However, this business is subject to price fluctuations for raw materials and requires high working capital as well.
Secondly, it operates in a very competitive market.
The issue is coming at a P/E valuation of 43.69x which seems fully priced. So considering all these factors and current market sentiments, we will avoid this IPO. One may consider other listed peers for better opportunities.
The information contained herein are strictly confidential and are meant solely for the information of the recipient and shall not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written permission of Swastika Investmart Ltd. (“SIL”). The contents of this document are for information purpose only. This document is not an investment advice and must not alone be taken as the basis for an investment decision. Before taking any decision to invest, the recipient of this document must read carefully the Red Herring Prospectus (“RHP”) issued to know the details of IPO and various risks and uncertainties associated with the investment in the IPO of the Company. All recipients of this document must before acting on the given information/details, make their own investigation and apply independent judgment based on their specific investment objectives and financial position. They can also seek appropriate professional advice from their own legal and tax consultants, advisors, etc. to understand the risks and investment considerations arising from such investment. The investor should possess appropriate resources to analyze such investment and the suitability of such investment to such investor’s particular circumstances before making any decisions on the investment. The Investor shall be solely responsible for any action taken based on this document. SIL shall not be liable for any direct or indirect losses arising from the use of the information contained in this document and accept no responsibility for statements made otherwise issued or any other source of information received by the investor and the investor would be doing so at his/her/its own risk. The information contained in this document should not be construed as forecast or promise or guarantee or assurance of any kind. The investors are not being offered any assurance or guaranteed or fixed returns on their investments. The users of this document must bear in mind that past performances if any, are not indicative of future results. The actual returns on investment may be materially different than the past. Investments in Securities market products and instruments including in the IPO of the Company are highly risky and they are generally not an appropriate avenue for someone with limited resources/ limited investment and low risk tolerance. Such Investments are subject to market risks including, without limitation, price, volatility and liquidity and capital risks. Therefore, the users of this document must carefully consider all the information given in the RHP including the risks factors before making any investment in the Equity Shares of the Company.
Swastika Investmart Ltd or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither Swastika Investmart Ltd nor Research Analysts have any material conflict of interest at the time of publication of this report. Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions. Swastika Investment Ltd may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. Research entity has not been engaged in market making activity for the subject company. Research analyst has not served as an officer, director or employee of the subject company. We have not received any compensation/benefits from the Subject Company or third party in connection with the Research Report.
CORPORATE & ADMINISTRATIVE OFFICE - 48, Jaora Compound, M.Y.H. Road, Indore - 452 001 | Phone 0731 - 6644000
Compliance Officer: Ms. Sheetal Duraphe Email: compliance@swastika.co.inPhone: (0731) 6644 241
Swastika Investmart Limited, SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732 Merchant Banking: INM000012102 Investment Adviser: INA000009843 MCX/NCDEX: INZ000072532 CDSL/NSDL: IN-DP-115-2015 RBI Reg. No.: B-03-00174 IRDA Reg. No.: 713.
Signatureglobal (India) Limited largest real estate development company in the National Capital Region of Delhi (“DelhiNCR”) in affordable and lower mid-segment housing. It has strategically focused on the Affordable Housing (“AH”) segment (below ₹ 4 million price category) and the Middle Income Housing (“MH”) segment (between ₹ 4 million to ₹2.5 million private-category) through GoI and state government policies.
Chairman and Whole time Director of the Company. He has over eight years of experience in real estate industry. He has been appointed as a director on the Board of the Company since November 2, 2017.
Vice Chairman and Whole-time Director of the Company. He has an experience of over seven years in the real estate sector. He has been appointed as a director on the Board of the Company since February 15, 2022.
Managing Direct of the Company. He is a fellow member of the Institute of Chartered Accountants of India. He has over nine years of experience in the real estate industry. He has been appointed as a director on the Board of the Company since November 5, 2015.
Company Secretary and Compliance Officer of the Company. He joined the Company on May 2, 2022.He has been admitted as a fellow at the Institute of Company Secretaries of India since November 13, 2011.
Chief Financial Officer of the Company. He joined the Company on October 17, 2016. He holds a bachelor’s degree in commerce (honors) from the University of Delhi. He has been admitted as an associate member of the institute of chartered accountants of India.
Chief Executive Officer of the Company. He joined the Company on February 1, 2020. He holds a bachelor’s degree in commerce from the University of Delhi and has passed the final examination conducted by the institute of chartered accountants of India.
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Signature Global is the largest real estate player in Delhi, NCR, operating in affordable and lower-mid-segment housing. It is a well-known brand with a strong distribution network. The company also has large projects on hand.
But it has been a loss-making business for the last few years. Secondly, its major business is focused on a limited region. Changing government policies may also impact its business adversely.
As it has been at a loss, we cannot define its P/E valuation; however, its discounted revenue multiple is 3.48x, which is lower than the industry average. However, due to its current financial condition and other risk factors, we will avoid this IPO.
The information contained herein are strictly confidential and are meant solely for the information of the recipient and shall not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written permission of Swastika Investmart Ltd. (“SIL”). The contents of this document are for information purpose only. This document is not an investment advice and must not alone be taken as the basis for an investment decision. Before taking any decision to invest, the recipient of this document must read carefully the Red Herring Prospectus (“RHP”) issued to know the details of IPO and various risks and uncertainties associated with the investment in the IPO of the Company. All recipients of this document must before acting on the given information/details, make their own investigation and apply independent judgment based on their specific investment objectives and financial position. They can also seek appropriate professional advice from their own legal and tax consultants, advisors, etc. to understand the risks and investment considerations arising from such investment. The investor should possess appropriate resources to analyze such investment and the suitability of such investment to such investor’s particular circumstances before making any decisions on the investment. The Investor shall be solely responsible for any action taken based on this document. SIL shall not be liable for any direct or indirect losses arising from the use of the information contained in this document and accept no responsibility for statements made otherwise issued or any other source of information received by the investor and the investor would be doing so at his/her/its own risk. The information contained in this document should not be construed as forecast or promise or guarantee or assurance of any kind. The investors are not being offered any assurance or guaranteed or fixed returns on their investments. The users of this document must bear in mind that past performances if any, are not indicative of future results. The actual returns on investment may be materially different than the past. Investments in Securities market products and instruments including in the IPO of the Company are highly risky and they are generally not an appropriate avenue for someone with limited resources/ limited investment and low risk tolerance. Such Investments are subject to market risks including, without limitation, price, volatility and liquidity and capital risks. Therefore, the users of this document must carefully consider all the information given in the RHP including the risks factors before making any investment in the Equity Shares of the Company.
Swastika Investmart Ltd or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither Swastika Investmart Ltd nor Research Analysts have any material conflict of interest at the time of publication of this report. Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions. Swastika Investment Ltd may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. Research entity has not been engaged in market making activity for the subject company. Research analyst has not served as an officer, director or employee of the subject company. We have not received any compensation/benefits from the Subject Company or third party in connection with the Research Report.
CORPORATE & ADMINISTRATIVE OFFICE - 48, Jaora Compound, M.Y.H. Road, Indore - 452 001 | Phone 0731 - 6644000
Compliance Officer: Ms. Sheetal Duraphe Email: compliance@swastika.co.inPhone: (0731) 6644 241
Swastika Investmart Limited, SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732 Merchant Banking: INM000012102 Investment Adviser: INA000009843 MCX/NCDEX: INZ000072532 CDSL/NSDL: IN-DP-115-2015 RBI Reg. No.: B-03-00174 IRDA Reg. No.: 713.
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Sai Silks (Kalamandir) Limited is amongst the top retailers of ethnic apparel, particularly sarees, in south India. Through its four store formats, i.e., Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall as well as through e-commerce channels. It offers its products to various segments of the market including premium ethnic fashion, ethnic fashion for middle income, and value-fashion, with a variety of products across different price points, thereby catering to customers across all market segments.
OBJECTS OF THE ISSUE
Chairman & Independent Director of the Company. He has been a Director of the Company since February 18, 2022. He is a fellow member of the Institute of Chartered Accountants of India. He has approximately four decades of experience in finance sector. He is a partner at M. Anandam & Co., Chartered Accountants since 1981.
Managing Director of the Company. He is also one of the Promoters of the Company and has been associated with the Company since its incorporation. He has more than 16 years of experience in the retail sector and is responsible for the overall management, finance, internal controls and security systems of the Company.
Chief Financial Officer of the Company. He has been associated with the Company since March 1, 2022. He has been associated with the Company since March 1, 2022. He holds a bachelor’s degree in commerce from Osmania University. He is also a fellow member of the Institute of Cost Accountant of India. He has over 35 years of experience in Corporate Finance.
Company Secretary and Compliance Officer of the Company. He has been associated with the Company since November 5, 2018. He is also an associate member of the Institute of Company Secretaries of India. He has approximately 8 years of experience in secretarial work.
COMPANY PROFILE
COMPETITIVE STRENGTHS
FINANCIALS (RESTATED CONSOLIDATED)
SSKL is the leading ethnic apparel retailer in the southern region of the country, with a network of 54 stores. The company has a strong presence in the offline and online markets with a track record of consistent growth and profitability. It is also strategizing to expand its footprint with a plan to set up 25 new stores.
However, concerns related to high competition, dependency on third-party vendors, regional concentration, and high cost are also there.
The issue is coming at a P/E valuation of around 27.3x, which seems fairly priced. Thus, after checking all the factors, this IPO could be considered for listing gain and long-term holding.
The information contained herein are strictly confidential and are meant solely for the information of the recipient and shall not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written permission of Swastika Investmart Ltd. (“SIL”). The contents of this document are for information purpose only. This document is not an investment advice and must not alone be taken as the basis for an investment decision. Before taking any decision to invest, the recipient of this document must read carefully the Red Herring Prospectus (“RHP”) issued to know the details of IPO and various risks and uncertainties associated with the investment in the IPO of the Company. All recipients of this document must before acting on the given information/details, make their own investigation and apply independent judgment based on their specific investment objectives and financial position. They can also seek appropriate professional advice from their own legal and tax consultants, advisors, etc. to understand the risks and investment considerations arising from such investment. The investor should possess appropriate resources to analyze such investment and the suitability of such investment to such investor’s particular circumstances before making any decisions on the investment. The Investor shall be solely responsible for any action taken based on this document. SIL shall not be liable for any direct or indirect losses arising from the use of the information contained in this document and accept no responsibility for statements made otherwise issued or any other source of information received by the investor and the investor would be doing so at his/her/its own risk. The information contained in this document should not be construed as forecast or promise or guarantee or assurance of any kind. The investors are not being offered any assurance or guaranteed or fixed returns on their investments. The users of this document must bear in mind that past performances if any, are not indicative of future results. The actual returns on investment may be materially different than the past. Investments in Securities market products and instruments including in the IPO of the Company are highly risky and they are generally not an appropriate avenue for someone with limited resources/ limited investment and low risk tolerance. Such Investments are subject to market risks including, without limitation, price, volatility and liquidity and capital risks. Therefore, the users of this document must carefully consider all the information given in the RHP including the risks factors before making any investment in the Equity Shares of the Company.
Swastika Investmart Ltd or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither Swastika Investmart Ltd nor Research Analysts have any material conflict of interest at the time of publication of this report. Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions. Swastika Investment Ltd may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. Research entity has not been engaged in market making activity for the subject company. Research analyst has not served as an officer, director or employee of the subject company. We have not received any compensation/benefits from the Subject Company or third party in connection with the Research
Report.
CORPORATE & ADMINISTRATIVE OFFICE - 48, Jaora Compound, M.Y.H. Road, Indore - 452 001 | Phone 0731 - 6644000
Compliance Officer: Ms. Sheetal Duraphe Email: compliance@swastika.co.inPhone: (0731) 6644 241
Swastika Investmart Limited, SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732 Merchant Banking: INM000012102 Investment Adviser: INA000009843 MCX/NCDEX: INZ000072532
CDSL/NSDL: IN-DP-115-2015 RBI Reg. No.: B-03-00174 IRDA Reg. No.: 713.
भारत में आमतौर पर कीमती धातुओं की खरीद साल की दूसरी छह माहि में बढ़ती हुई दिखाई देती है। इस बीच, कच्चे तेल के भाव में बढ़त और सोने के इम्पोर्ट में बढ़ोतरी से भारत का ट्रेड बैलेंस -20.7 बिलियन बढ़कर -24 बिलियन हो गया है जिससे डॉलर मजबूत हो कर 83.20 रुपये पर पहुंच गया है। भारत में त्यौहार शुरू होने के पहले सोने का इम्पोर्ट इस साल अगस्त 2022 की तुलना में 40 प्रतिशत अधिक रहने का अनुमान है जिससे सोने और चांदी के भाव को घरेलु मांग का सपोर्ट भी मिल रहा है। जबकि इस साल मानसून कमजोर रहने के चलते मुद्रास्फीति को बल मिल सकता है जो सेफ हैवन मांग बढ़ा सकता है। कॉमेक्स वायदा में सोने और चांदी की कीमतों में दो हफ्तों से चल रहा दबाव फेड बैठक के पहले कम होता दिखाई दिया है। अमेरिकी कंस्यूमर और प्रोडूसर मुद्रास्फीति में हुई बढ़ोतरी मामूली रहने के चलते अनुमान लगाया जा रहा है की फेड इस सप्ताह होने वाली बैठक में ब्याज दरे नहीं बढ़ाएगा। हालांकि, बढ़ती मुद्रास्फीति पर नियंत्रण करने के लिए हॉकिश टिपण्णी, कीमती धातुओं के भाव में बढ़ोतरी की सम्भावना को सीमित कर सकती है। यूरोपियन सेंट्रल बैंक द्वारा पिछले सप्ताह मुद्रास्फीति को स्थिर करने के लिए डिपोसिट रेट में बढ़ोतरी की गई है जबकि चीन द्वारा अपनी अर्थव्यस्था को बढ़ाने और लोकल बैंक को सपोर्ट करने के लिए रिज़र्व आवश्यकता में कटौती की है, जो चांदी की ग्लोबल मांग के लिए अच्छा होगा। इस सप्ताह फेड की बैठक कीमती धातुओं के भाव को नै दिशा है।
इस सप्ताह कीमती धातुओं के भाव में सुधार रहने की सम्भावना है। एमसीएक्स अक्टूबर वायदा सोने में सपोर्ट 58000 रुपये पर है और रेजिस्टेंस 59700 रुपये पर है। दिसंबर वायदा चांदी में सपोर्ट 70000 रुपये पर है और रेजिस्टेंस 74000 रुपये पर है।
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