Stocks to Watch on April 28, 2025: Reliance Industries, L&T Finance and More

Indian stock markets could see a positive opening today, following overnight cues and GIFT Nifty’s gains. As of 8:25 AM, GIFT Nifty was trading 170 points higher (+0.71%) at 24,258, suggesting a rebound after Friday’s losses.

On April 25, the Nifty 50 had ended at 24,039.35, down 207.35 points or 0.86%, while the Sensex closed at 79,212.53, falling by 588.90 points or 0.74%.

Let’s take a look at key stocks that will be in focus on April 28.

Reliance Industries

Reliance Industries reported a nearly 9% rise in consolidated revenue to ₹2.61 lakh crore for the January-March 2025 quarter, fueled by strong growth in digital services and retail. Cash profit crossed ₹1.46 lakh crore for the second consecutive year, exceeding annual capital investments.

L&T Finance

L&T Finance posted a 14.9% YoY increase in net profit to ₹636.2 crore. Net interest income (NII) rose 3.8% to ₹2,423.2 crore. However, gross NPA ratio rose slightly to 3.29% from 3.23% in the previous quarter.

Force Motors

Force Motors recorded a 210% YoY surge in net profit to ₹434.7 crore. Revenue rose by 17.1% to ₹2,356 crore, with EBITDA improving 18.2% YoY to ₹329.3 crore, reflecting operational strength.

Poonawalla Fincorp

Poonawalla Fincorp’s net profit plunged 81.2% YoY to ₹62.3 crore for Q4FY25, primarily due to one-time expenses and provisioning. However, net interest income increased 11.7% YoY to ₹707.9 crore.

IREDA

IREDA initiated an internal review of its exposure to Gensol Engineering amid fraud concerns and filed a complaint with the Economic Offences Wing (EoW). The account has been marked “under stress” but not yet classified as NPA.

DCB Bank

DCB Bank posted a 13.7% YoY rise in Q4 net profit to ₹177 crore. NII increased 9.9% to ₹558 crore, with improved asset quality ratios.

Tata Technologies

Tata Technologies reported a 20% YoY growth in profit for the March quarter to ₹189 crore, although revenue dipped slightly to ₹1,286 crore compared to the year-ago period.

RBL Bank

RBL Bank’s Q4 net profit fell sharply by 80% YoY to ₹68.7 crore despite higher other income. Lower provisioning helped partially offset the drop.

Lloyds Metals

Lloyds Metals’ net profit declined 27% YoY to ₹202 crore, and revenue fell 23.2% YoY to ₹1,193 crore for Q4FY25. EBITDA also dropped 43% YoY.

Mahindra Holidays

Mahindra Holidays reported an 11.4% YoY dip in net profit to ₹73 crore, while revenue slipped 2.7% YoY to ₹778.8 crore for Q4FY25.

Conclusion

While GIFT Nifty indicates a recovery, markets may remain cautious given the lingering global uncertainties and stock-specific triggers like earnings announcements and corporate actions. Focus will remain on heavyweight earnings such as Reliance Industries and developments around Vodafone Idea and Ather Energy IPO.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

How Dubai Jewellers Are Wooing Indian Shoppers as Gold Prices Hit Record Highs

For decades, Dubai’s glittering Gold Souk has been a magnet for Indian and Iranian gold lovers, offering competitive prices and an unmatched variety of jewellery. But the dynamics are shifting quickly in 2025.

Gold prices have skyrocketed, jumping more than 30% since the start of the year, and India’s recent decision to slash its gold import duty from 15% to 6% has further reduced the traditional price advantage Dubai once held.

As a result, Dubai’s jewellers are having to get creative. With fewer Indian shoppers visiting solely for bargains, jewellery retailers are focusing on product uniqueness, quality craftsmanship, and global design appeal to stay relevant in a fiercely competitive market, as per the Economic Times report.

Dubai Gold Souk’s New Strategy for Indian Buyers

In response to these market shifts, retailers in Dubai are embracing a more curated approach. Instead of relying on price-led promotions, many jewellers are introducing intricate and exclusive collections ranging from Turkish and Italian artistry to revivals of traditional Indian styles like temple jewellery and Calcutta filigree.

Some jewellers are even importing cutting-edge designs from Singapore and other global fashion capitals.

According to a Khaleej Times report, the focus now is on innovation and exclusivity, appealing to Indian tourists who want something different, not just cheaper.

Read More: Are Jewellery Making Charges Lower in Dubai Gold Souk or India?

Changing Preferences Amid Record Gold Prices

Gold’s recent rally has pushed the price beyond $3,500 an ounce, with Indian retail prices nearing ₹1 lakh per 10 grams. This sharp increase, partly driven by geopolitical tensions and market volatility, is impacting consumer behaviour.

In Dubai’s Gold Souk, retailers have reported reduced footfall and lower purchase volumes as buyers hesitate at these elevated price levels.

Geopolitical Uncertainty Fuels Gold Rally

Global economic instability continues to support the surge in gold prices. The latest catalyst: controversial remarks from former U.S. President Donald Trump, who publicly criticised Federal Reserve Chair Jerome Powell and demanded aggressive interest rate cuts. These comments rattled investor confidence, weakening the dollar and sending gold prices to historic highs.

Read More: How to Get VAT Refund When Buying Gold From Dubai Gold Souk?

Conclusion

As the traditional pricing advantage fades, Dubai’s gold retailers are proving resilient by evolving their business strategies. With India cutting import duties and global prices climbing, the focus has shifted to offering exclusive designs, superior craftsmanship, and modern alternatives like lab-grown diamonds.

For Indian shoppers visiting Dubai, the value proposition is no longer just about cost it’s about character, culture, and creative expression. And for the Gold Souk, this shift may just be the sparkle needed to shine through a challenging retail climate.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

SIP Calculator: Start with ₹17,000 a Month for 25 Years—See How It Can Grow

Looking to build long-term wealth with disciplined investing? A Systematic Investment Plan (SIP) could be your answer. By investing ₹17,000 every month, you can take advantage of the power of compounding to accumulate a sizeable corpus over time.

Let’s use a SIP calculator to estimate how much wealth this investment can generate in 25 years.

Power of Compounding Through SIP

SIPs are a smart way to invest in mutual funds regularly without the burden of timing the market. One of the biggest advantages is compounding—earning returns on your returns over time. By investing ₹17,000 monthly with an expected average return of 12%, your wealth grows steadily, and the impact over 25 years is substantial.

SIP Calculator Results: ₹3.22 Crore in 25 Years

When you plug the numbers into a SIP calculator, here’s what you get:

  • Monthly SIP Amount: ₹17,000.
  • Investment Duration: 25 years.
  • Expected Rate of Return: 12% annually.
  • Invested Amount: ₹51,00,000.
  • Estimated Returns: ₹2,71,59,797.
  • Total Corpus: ₹3,22,59,797.

These calculations show the long-term growth potential of regular SIP investments, thanks to market-linked compounding returns.

Open an SIP Calculator and start the calculations. 

Why SIPs Are Ideal for Long-Term Goals

SIPs allow you to invest in small, manageable amounts consistently, which makes them perfect for long-term goals like retirement, children’s education, or buying a house. Over time, market volatility averages out, and rupee cost averaging helps reduce risk.

Read More: SIP Planning: Can SIPs Help You Save ₹25 Lakh in 10 Yrs for Your Child’s Education?

Conclusion

Using a SIP calculator can give you a clear picture of your investment journey. A monthly SIP of ₹17,000 over 25 years can potentially turn into a corpus of ₹3.22 crore at 12% returns. While returns are market-dependent, the key takeaway is the benefit of starting early and staying consistent. SIPs, when planned well, can truly help you achieve your financial goals.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

Weekly Market Recap on April 25, 2025: Market Declines Amid Geopolitical Tensions; HUL Drops, HCL Tech Soars

Indian benchmark equity indices experienced a volatile session on Friday, April 25, 2025, with investor sentiment turning cautious due to rising geopolitical tensions following a deadly terrorist attack on tourists in Kashmir. This led to a second consecutive day of losses for the markets.

The BSE Sensex declined by 588.90 points (0.74%), closing at 79,212.53, while the NSE Nifty 50 fell by 207.35 points (0.86%), settling at 24,039.35.

The market capitalisation of all listed companies on the BSE dropped by ₹8.5 lakh crore, bringing the total to ₹421.13 lakh crore.

Key Earnings This Week

  • Hindustan Unilever (HUL)

    Hindustan Unilever, one of India’s largest fast-moving consumer goods (FMCG) companies, reported its Q4 FY25 results on Thursday. While the company posted solid figures, its shares saw a sharp decline, falling as much as 4.12% to ₹2,324 on the NSE. The FMCG giant’s results reflected cautious consumer sentiment, leading to a sell-off in its stock.

  • HCL Technologies

    The company announced a net profit of ₹4,307 crore for the quarter ended March 2025, marking an 8.05% increase from ₹3,986 crore in the same period last year. HCL’s shares surged 7.74% to close at ₹1,594.40 apiece, with the market responding positively to the company’s growth prospects in the IT sector.

  • Eicher Motors

    Shares of Eicher Motors, the maker of Royal Enfield motorcycles, saw a dip of 3% on Wednesday, hitting an intraday low of ₹5,608 apiece. This decline came despite a positive overall sentiment in the two-wheeler sector, triggered by a Bloomberg report that suggested the government might impose a zero tariff on Harley Davidson bikes. Investors were cautious about the potential impact on Eicher Motors’ competitive landscape.

  • Eternal (Zomato’s Parent Company)

    Shares of Eternal, the parent company of Zomato, faced a decline after a significant leadership reshuffle. Rakesh Ranjan, the CEO of Zomato’s food delivery business, announced his departure from the position, though he will remain with the company. The news led to a dip in the stock price, as investors closely monitor the leadership changes in the company.

Read More: Pakistan Stock Exchange Faces Disruptions Amid Rising Geopolitical Tensions.

Major News of the Week

  • Geopolitical Tensions Impact Market Sentiment

    Rising geopolitical tensions, particularly following a deadly terrorist attack on tourists in Kashmir, spooked investors, leading to a cautious sentiment across Indian markets. The sharp drop in market capitalisation over the week reflects the uncertainty surrounding these developments, with investors opting for risk-off strategies amid such tensions.

  • Eternal Faces Leadership Changes

    The reshuffle at Eternal, particularly the stepping down of CEO Rakesh Ranjan, sparked concerns about potential disruption at Zomato’s parent company. This leadership change coincided with broader concerns about management stability in tech and online services companies, adding to investor caution.

Conclusion

The week saw a mixed performance in Indian markets, with geopolitical tensions dampening investor sentiment and leading to losses across major indices. While HCL Technologies stood out with strong earnings, Hindustan Unilever faced a setback as its shares dropped significantly.

As global tensions persist and domestic earnings season continues, market volatility is expected to remain. Investors will need to closely monitor geopolitical developments, corporate earnings, and sector-specific trends in the coming weeks.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Top Gainers and Losers on April 25, 2025: SBI Life Jumps Over 5%, Shriram Finance Tanks

Indian benchmark indices closed lower on Friday, April 25, 2025, as investors booked profits across major sectors. Rising global uncertainty and weak cues from Asian markets weighed on sentiment.

The BSE Sensex declined by 588.90 points (0.74%) to end at 79,212.53, while the NSE Nifty 50 fell 207.35 points (0.86%) to settle at 24,039.35.

Here are the top gainers and losers of the day:

Top Gainers of the Day

Symbol Open High Low Prev. Close LTP % Chg
SBILIFE 1,723.50 1,762.00 1,651.10 1,608.20 1,691.00 5.15%
TECHM 1,455.40 1,473.90 1,375.00 1,445.20 1,460.00 1.02%
TCS 3,420.00 3,477.80 3,405.00 3,401.60 3,434.00 0.95%
INFY 1,475.50 1,501.70 1,463.50 1,471.40 1,480.00 0.58%
ULTRACEMCO 12,149.00 12,304.00 11,860.00 12,159.00 12,190.00 0.25%

1. SBI Life Insurance

SBI Life surged 5.15%, settling at ₹1,691. The stock opened at ₹1,723.50, hit a high of ₹1,762.00 and a low of ₹1,651.10, before closing above its previous day’s price of ₹1,608.20.

2. Tech Mahindra

Tech Mahindra gained 1.02%, ending at ₹1,460. The stock opened at ₹1,455.40, touched a high of ₹1,473.90 and a low of ₹1,375, up from the previous close of ₹1,445.20.

3. TCS

TCS rose 0.95% to close at ₹3,434. It opened at ₹3,420, traded between a low of ₹3,405.00 and a high of ₹3,477.80, recovering from the previous close of ₹3,401.60.

4. Infosys

Infosys ended the day 0.58% higher at ₹1,480. The stock opened at ₹1,475.50, moved between a low of ₹1,463.50 and a high of ₹1,501.70, up from the previous close of ₹1,471.40.

5. UltraTech Cement

UltraTech Cement managed a 0.25% gain to settle at ₹12,190. It opened at ₹12,149, climbed to a high of ₹12,304, and fell to a low of ₹11,860, slightly above its previous close of ₹12,159.

Top Losers of the Day

Symbol Open High Low Prev. Close LTP % Chg
SHRIRAMFIN 698.9 705.6 635 696.65 640 -8.13%
ADANIENT 2,450.10 2,459.50 2,323.50 2,442.50 2,346.00 -3.95%
ADANIPORTS 1,236.30 1,243.40 1,181.20 1,236.40 1,189.50 -3.79%
TRENT 5,334.00 5,356.00 5,105.00 5,323.50 5,124.00 -3.75%
ETERNAL 235.9 239 227.31 236.38 227.71 -3.67%

1. Shriram Finance

Shriram Finance plunged 8.13%, closing at ₹640. The stock opened at ₹698.90, touched a high of ₹705.60 and a low of ₹635, sharply down from the previous close of ₹696.65.

2. Adani Enterprises

Adani Enterprises dropped 3.95%, ending at ₹2,346. It opened at ₹2,450.10, made a high of ₹2,459.50 and a low of ₹2,323.50, down from its previous close of ₹2,442.50.

3. Adani Ports

Adani Ports slipped 3.79%, finishing at ₹1,189.50. The stock opened at ₹1,236.30, moved between a low of ₹1,181.20 and a high of ₹1,243.40, down from ₹1,236.40 in the previous session.

4. Trent

Trent declined 3.75%, closing at ₹5,124. The stock opened at ₹5,334, touched a high of ₹5,356 and fell to a low of ₹5,105, below the previous close of ₹5,323.50.

5. Eternal

Eternal fell 3.67%, settling at ₹227.71. The stock opened at ₹235.90, traded between a low of ₹227.31 and a high of ₹239, down from its previous close of ₹236.38.

Conclusion

While frontline IT stocks and SBI Life provided some relief on the gaining side, heavy losses in financials like Shriram Finance and major Adani group stocks weighed down the indices.

As we approach the end of April, all eyes will remain on global economic data, geopolitical developments, and domestic earnings season. Volatility may persist, and investors are advised to stay stock-specific and maintain a balanced approach in the coming sessions.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Bandhan Bank Shares in Focus Ahead of April 30 Board Meeting for Q4 FY25 Results, Dividend

Bandhan Bank Limited has officially announced its upcoming board meeting scheduled for April 30, 2025. The meeting will primarily focus on approving the audited financial results for the financial year ended March 31, 2025, and considering the proposal for a final dividend.

Key Details from the Stock Exchange Filing

Additionally, the bank has confirmed that the trading window for insiders has been closed since April 1, 2025, and will remain shut until May 2, 2025, in compliance with SEBI’s Prohibition of Insider Trading regulations.

This trading window restriction ensures that no insider trading takes place based on unpublished financial information.

CASA Deposits Slip in Q4 FY25 Update

In a recent development, Bandhan Bank released its Q4 FY25 business update post-market hours earlier in April. The bank’s performance metrics showed a 5.4% year-on-year drop in CASA deposits, despite an 11.8% rise in total deposits to ₹1.51 lakh crore.

 The bank’s loans and advances rose 10.6% YoY to ₹1.37 lakh crore, and retail deposits grew 11% to ₹1.04 lakh crore. However, the CASA ratio slipped to 31.4% from 37.1% a year ago.

Read More: From NIMs to NPAs: ICICI vs HDFC – Who Outperformed in Q4 FY25?

Bandhan Bank Q3 Results

Bandhan Bank, a private sector lender, posted a 42% drop in net profit for the third quarter of the current financial year, reporting ₹426 crore compared to ₹733 crore in the same period last year. Meanwhile, the bank’s net revenue for the quarter rose to ₹3,926 crore from ₹3,071 crore year-on-year.

Bandhan Bank Share Price Performance

Bandhan Bank share price was trading at ₹167.38, reflecting a decline of ₹3.35 or 1.96% at 1:02 PM on the NSE from the previous close of ₹170.73. The stock opened at ₹170.73 and touched an intraday high of ₹171.76 and a low of ₹165.80.

Conclusion

As Bandhan Bank prepares for its April 30 board meeting, shareholders and investors are keenly watching the outcome of the Q4 FY25 audited financial results and any potential final dividend declaration.

The bank’s recent performance, including the dip in CASA deposits and its trading window closure, highlights the importance of staying informed about its developments. While the stock has faced some pressure recently, particularly following a dip in CASA deposits and Q3 profit decline, the upcoming meeting could offer clarity on the bank’s future prospects.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Maharashtra Day and Labour Day Holiday: Stock Markets, Banks Closed on May 1, 2025

If you’re planning any financial transactions or looking to trade stocks, it’s important to note that both the Indian stock market and banks will remain closed on May 1, 2025, in observance of Maharashtra Day and Labour Day. Trading and banking services resume on May 2.

Why is May 1 a Holiday?

International Labour Day, also known as ‘May Day’, is observed globally to encourage constructive dialogue among social partners. In India, the workforce, spanning both organised and unorganised sectors, exceeds 500 million.

Labour Day is a tribute to the hard work, dedication, and achievements of workers, recognising their vital contributions to society. The first Labour Day in India was celebrated on May 1, 1923, in Madras, initiated by the Labour Kisan Party of Hindustan.

The day is celebrated by different names in various states, including Kamgar Din in Hindi, Karmikara Dinacharane in Kannada, Karmika Dinotsavam in Telugu and many more.

May 1 also commemorates the formation of Maharashtra, which took place on this date in 1960. It is a public holiday in the state, and the stock markets honour this with a closure.

Stock Market Holiday on May 1, Friday

Both the NSE and BSE will suspend trading on May 1, which includes equity, equity derivatives, SLB (Securities Lending and Borrowing), and currency derivative segments.

Read More: Share Market Holiday List 2025!

Banks Will Be Closed on May 1, 2025

As Maharashtra Day and Labour Day are recognised public holidays, both public and private sector banks will remain closed for in-branch services.

However, digital banking services such as ATM operations, UPI, net banking, and mobile banking apps will remain fully operational for customers to carry out transactions.

Conclusion

In conclusion, both the stock markets and banks will remain closed on May 1, 2025, to observe Maharashtra Day and Labour Day. This day holds significant importance in India, recognising the contributions of workers and commemorating the formation of Maharashtra.

While trading and banking services will be unavailable for the day, digital banking options will remain operational, ensuring that customers can continue their essential transactions. It’s important for traders, investors, and individuals to plan their financial activities accordingly to avoid disruptions.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Pakistan Stock Exchange Faces Disruptions Amid Rising Geopolitical Tensions

The Pakistan Stock Exchange (PSX) experienced significant disruptions on April 25, 2025, as geopolitical tensions between India and Pakistan intensified following a recent incident in Pahalgam. The PSX’s official website displayed a temporary message stating, “We’ll be back soon,” indicating a pause in services while markets reeled from sharp declines.

Market Reaction to Heightened Tensions

The PSX benchmark KSE-100 index recorded a steep drop of 2.12%, losing nearly 2,486 points within the first five minutes of trading on Thursday. This downturn came on the heels of another significant decline a day earlier, reflecting market apprehension amid regional developments.

Investors have responded cautiously to the broader economic and political environment. A recent adjustment by the International Monetary Fund (IMF), which lowered Pakistan’s GDP growth forecast to 2.6% for the fiscal year, contributed to the already fragile sentiment.

Additionally, Fitch Ratings highlighted concerns about currency depreciation, political instability, and increasing security risks, especially in border regions.

Diplomatic Developments and Market Impact

The current volatility has been influenced by India’s recent announcements following the Pahalgam attack. The Indian Ministry of External Affairs outlined a series of diplomatic and economic steps, including:

  • Reviewing the Indus Waters Treaty
  • Ceasing trade operations via the Wagah-Attari border
  • Suspending visa services for Pakistani nationals under SAARC provisions

These measures, which officials described as “calibrated,” signal a firm stance from India and are intended to convey the importance of addressing regional security concerns more seriously.

Read More: FIIs Pour ₹8,250 Crore into Indian Equities; Biggest Buy Since March 27, 2025.

Broader Implications for Investors

The recent developments have underscored the sensitivity of financial markets to geopolitical factors. The PSX’s volatility is being shaped not only by domestic economic data and forecasts but also by external events that impact investor sentiment.

While the PSX has faced periodic disruptions in the past, the current situation reflects a combination of economic pressure and geopolitical complexity. Investors may remain cautious until clarity emerges regarding the regional situation and the responses from key stakeholders.

Conclusion

As the situation evolves, financial participants are likely to watch both policy developments and market behavior closely. Short-term instability may persist, but the focus will remain on how both countries manage the fallout and whether diplomatic channels are leveraged to de-escalate tensions.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Are Jewellery Making Charges Lower in Dubai Gold Souk or India?

Buying gold is not just a tradition in India, it’s an investment. But over the years, many Indian buyers have started flocking to Dubai, especially to the famous Dubai Gold Souk, in search of better deals, purer gold, and, lower jewellery making charges. But is the price difference truly worth the flight ticket? 

Let’s take a close look at how making charges in Dubai compare to those in India, why Dubai is considered a gold shopping paradise, and whether it’s actually cheaper to shop there for your next jewellery purchase. 

What Are Making Charges?

Making charges refer to the cost involved in transforming raw gold into finished jewellery. This fee is typically calculated as a percentage of the gold’s value or as a fixed amount per gram of gold used in the piece.  

The charges cover various factors such as craftsmanship, design complexity, labour, and sometimes even a premium associated with the brand or designer. 

Depending on the intricacy of the design, the making charges can vary significantly. High-end, custom-made, or intricate jewellery pieces tend to have higher making charges due to the skill and time required to craft them. 

Jewellery Making Charges in Dubai Gold Souk

In Dubai’s Gold Souk, making charges typically range from 5% to 8% of the gold price, depending on the complexity and design of the jewellery. For simpler designs, making charges can be as low as AED 10–20 per gram, making it more affordable for buyers looking for basic pieces.  

One of the unique aspects of purchasing gold in Dubai is that making charges are often negotiable, with bargaining being both common and expected in the market. 

The gold sold in Dubai’s Gold Souk is known for its high purity, with most pieces being 22K or 24K gold, and they are hallmarked to ensure quality and authenticity. 

Read More: How to Avoid Frauds in Dubai Gold Souk When Buying Gold. 

Jewellery Making Charges in India 

In India, jewellery making charges typically range between 8% to 25% of the gold price, depending on factors like the brand, design complexity, and the type of jewellery. For instance, well-known brands may charge higher percentages compared to local jewellers, and more intricate designs, such as bridal sets, often come with a premium.  

Some jewellers charge fixed amounts per gram, usually ranging from ₹400 to ₹800, while others charge a percentage based on the gold value. Additionally, GST is applicable, and buyers may incur extra charges for wastage, which refers to the loss of gold during the manufacturing process. 

Price Comparison Table 

Factor  Dubai Gold Souk  Indian Jewellery Stores 
Making Charges (%)  5–8%  8–25% 
Bargaining  Yes  Limited in branded stores 
Gold Purity  22K / 24K (Hallmarked)  22K / 18K / 14K (varies) 

 Read More: How to Get VAT Refund When Buying Gold From Dubai Gold Souk? 

Conclusion 

If you’re looking purely at numbers, Dubai often beats India in terms of lower making charges, especially for plain gold jewellery. However, once you factor in travel, customs duty (if exceeded), and emotional value, the savings may or may not justify buying abroad. For frequent flyers or those visiting anyway, shopping gold in Dubai can be a golden deal. 

  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Syngene International Shares Slide Again on Apr 25 After 10% Plunge in Previous Session

Syngene International Limited’s stock continued to face selling pressure on April 25, 2025, trading at ₹641.30, down ₹12.10 or 1.85% from the previous close of ₹653.40. The stock opened slightly higher at ₹655.00 and touched an intraday high of ₹657.00, but quickly lost momentum and dipped to a low of ₹638.00.

The stock’s movement reflects continued bearish sentiment following the sharp 10% fall in the previous session.

Muted Q4 FY25 Profit Performance Amid Margin Pressures

Syngene International reported a 3% year-on-year decline in its quarterly net profit, coming in at ₹183 crore for the March quarter.

The dip was attributed to a one-off inventory adjustment for a key client and ongoing pressure on margins.

The company also highlighted short-term challenges due to a fluid macroeconomic backdrop and the ongoing integration of recent investments, which are affecting profitability.

Steady Revenue Growth with FY26 Outlook Trimmed

Despite profit headwinds, Syngene’s revenue crossed the ₹1,000-crore mark for the first time, posting ₹1,018 crore—an 8% sequential rise and an 11% increase year-on-year.

However, in line with a cautious stance, the company has revised its revenue growth guidance for FY26 to the early teens. This follows an earlier downgrade in Q3, from high-single-digit growth to single digits, reflecting a conservative outlook moving forward.

About Syngene International

Syngene International Ltd is an innovation-driven contract research, development, and manufacturing organisation that provides integrated scientific services across the entire product lifecycle, from early discovery to commercial supply. 

With a focus on customised, end-to-end solutions, Syngene collaborates closely with clients to offer R&D and manufacturing services that go beyond traditional outsourcing. 

The company serves a wide range of industries, including pharmaceuticals, biotechnology, and life sciences, and is known for its cutting-edge capabilities in biologics, small molecules, and complex biologics manufacturing.

Read More: Waaree Energies Shares Drop Nearly 9% as Lock-In Period Ends for Major Stake.

Conclusion

Syngene International’s recent stock slide reflects heightened investor caution amid weaker-than-expected profit performance and a conservative growth outlook.

Despite steady revenue growth and milestone achievements in Q4 FY25, short-term margin pressures and external economic uncertainties have weighed on market sentiment. Investors may continue to monitor how the company navigates these headwinds and integrates its recent investments in the quarters ahead.

 

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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.