Branch² Intelligence
These 12 stocks, including Maruti Suzuki, HCLTech, Coal India, PhysicsWallah, ITI and Sky Gold, will remain in focus
Key takeaway
Maruti Suzuki, HCLTech, Coal India, ITI, Havells, PhysicsWallah, Shyam Metalics, PC Jeweller, Pfizer, Diamond Power, and Sky Gold announced key business updates.
- Step 1Sky Gold reports a fraud, eroding investor and lender confidence in the company.
- Step 2Lenders tighten credit terms for Sky Gold and other jewellery SMEs, increasing financing costs.
- Step 3SME jewellers face higher working capital costs and potential inventory write-downs, compressing margins.
Source: The Hindu BusinessLine
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