Rajeev Jhawar Strengthens Stake in Usha Martin: Latest Updates & Analysis

Rajeev Jhawar, the Managing Director of Usha Martin Ltd, has recently increased his shareholding in the company, signaling strong confidence in its future. This development comes alongside significant corporate actions, demonstrating Usha Martin’s proactive approach under his leadership. In this blog, we explore the latest updates, their implications, and what they mean for investors and the market.

Rajeev Jhawar Strengthens Stake in Usha Martin: Latest Updates & Analysis

Recent Shareholding Update

According to recent regulatory filings, Rajeev Jhawar acquired 12,50,000 equity shares through a gift transaction, boosting his stake from 0.93% to 1.34% of total equity.

Promoter shareholding increases like this are often interpreted as a positive signal, reflecting long-term commitment and confidence in the company’s prospects.

Corporate Actions & Strategic Moves

Usha Martin has also undertaken several corporate initiatives:

• Dissolution of Spanish Subsidiary: Usha Martin closed its Spanish subsidiary Usha Martin Espana S.L. to streamline operations in Europe, ensuring focus on core markets.

• Voluntary ESG Rating: The company achieved a 66.8 ESG rating, reflecting its commitment to sustainability, governance, and social responsibility.

These steps demonstrate a holistic strategy, balancing operational efficiency and responsible corporate practices.

Financial Performance & Market Context

Usha Martin has shown steady revenue growth in recent periods, particularly in its wire rope and specialty steel segments. While the latest quarterly results are pending, analysts expect positive outcomes driven by operational improvements and market expansion.

Investors often view promoter actions alongside financial performance to assess market confidence. Rajeev Jhawar’s increased stake strengthens the perception of leadership commitment.

Leadership & Strategic Vision

Rajeev Jhawar’s tenure at Usha Martin has been marked by:

• Strategic expansion into international markets

• Strengthened focus on ESG and corporate governance

• Operational resilience amid cyclical market challenges

His renewed investment in the company reinforces his dedication to steering Usha Martin toward long-term growth and market leadership.

What This Means for Investors

Promoter shareholding increases are typically seen as:

• A vote of confidence in the company’s future

• Alignment with long-term strategic objectives

• Positive sentiment for stakeholders and investors

Combined with Usha Martin’s ongoing operational and ESG initiatives, this move may enhance market perception and attract investor interest.

Conclusion

Rajeev Jhawar’s recent stake increase, coupled with Usha Martin’s corporate initiatives, highlights active leadership and strategic planning. For anyone following the company or searching for “Rajeev Jhawar Usha Martin”, these updates provide a clear perspective on the company’s trajectory and promoter confidence.

Silver Hits Fresh High on US Rate-Cut Expectations and Rising Safe-Haven Demand

Silver prices surged to a fresh high, supported by growing expectations of US interest rate cuts and increased safe-haven demand amid economic uncertainty and geopolitical tensions. According to market data, silver settled 7.15% higher at ₹2,39,787, marking a sharp upward move in the precious metals market.

Rate-Cut Expectations Boost Precious Metals

Market participants are increasingly pricing in two interest rate cuts by the US Federal Reserve next year, following a mixed set of economic indicators. While the US economy recorded a strong 4.3% annualized expansion in third-quarter GDP, softer consumer confidence readings in December and flat factory output in November have reinforced expectations of a more accommodative monetary policy stance.

Lower interest rate expectations tend to support non-yielding assets such as silver, improving their relative attractiveness for investors.

Geopolitical Tensions Add to Risk Premium

Silver prices also drew support from rising geopolitical risks. Sentiment strengthened after the United States ordered a blockade of sanctioned Venezuelan oil tankers, increasing risk premiums across global commodity markets. Such developments typically enhance demand for safe-haven assets, including precious metals.

Strong Year-to-Date Rally Driven by Structural Factors

On a year-to-date basis, silver has posted an exceptional rally of nearly 149%, underpinned by a structural supply deficit, robust industrial demand, and its classification as a US critical mineral. These long-term fundamentals have provided sustained support to prices.

Supply-side concerns have intensified as Chinese silver inventories declined to their lowest levels in a decade. Stocks held at Shanghai Futures Exchange warehouses fell to the lowest since 2015, while volumes at the Shanghai Gold Exchange dropped to a more than nine-year low.

The drawdown followed record Chinese silver exports exceeding 660 tonnes in October, tightening domestic availability. Although some pressure has eased through shipments to London, global liquidity remains constrained, with borrowing costs in the London market staying elevated.

Technical Outlook: Key Support and Resistance Levels

From a technical perspective, the silver market has witnessed short covering, with open interest declining 3.95% to 12,089 contracts, even as prices jumped by ₹15,997, indicating fresh buying momentum.

• Immediate support: ₹2,28,770

• Further downside support: ₹2,17,760

• Key resistance: ₹2,46,395

A sustained move above the resistance level could open the path toward ₹2,53,010, analysts said.

Outlook

With easing monetary policy expectations, persistent supply constraints, and elevated geopolitical risks, silver prices are likely to remain sensitive to macroeconomic data and global developments in the near term. Market participants will closely monitor upcoming US economic indicators and central bank signals for further direction.

India’s Forex Reserves Rise $4.36 Billion to $693.3 Billion, Led by Sharp Increase in Gold Holdings

India’s foreign exchange reserves recorded a strong uptick, rising by $4.36 billion to $693.3 billion for the week ended December 19, according to the latest data released by the Reserve Bank of India (RBI). The increase reflects growing strength in the country’s external position, with gold reserves emerging as the primary driver of the overall rise.

India’s Forex Reserves Rise $4.36 Billion to $693.3 Billion, Led by Sharp Increase in Gold Holdings

Gold Reserves See Significant Weekly Surge

India’s gold holdings jumped by $2.62 billion to $110.36 billion during the reporting week, marking one of the sharpest weekly increases in recent months. The rise comes amid sustained strength in global gold prices, driven by heightened geopolitical uncertainty, central bank accumulation, and robust investment demand worldwide.

The increase in gold valuation significantly bolstered the overall forex reserves, reinforcing gold’s role as a strategic hedge within India’s reserve portfolio.

Foreign Currency Assets Continue to Expand

Foreign Currency Assets (FCAs), the largest component of India’s forex reserves, increased by $1.64 billion to $559.43 billion. FCAs include holdings in major global currencies such as the US dollar, euro, pound sterling, and Japanese yen.

The RBI noted that changes in FCA values also reflect valuation effects arising from fluctuations in non-US currencies against the dollar, underscoring the diversified nature of India’s reserve composition.

IMF Position and SDR Holdings Improve Marginally

India’s Special Drawing Rights (SDRs) with the International Monetary Fund rose marginally by $8 million to $18.74 billion, while the country’s reserve position with the IMF increased by $95 million to $4.78 billion. These incremental gains further supported the overall rise in the reserves during the week.

External Sector Remains Strong: RBI

Following its latest monetary policy review, the RBI highlighted that India’s forex reserves are adequate to cover more than 11 months of merchandise imports, a key indicator of external sector resilience. The central bank also emphasized that India remains well-positioned to meet its external financing requirements, even amid global economic volatility.

Long-Term Trend: Recovery and Growth in Reserves

India’s forex reserves have shown a notable recovery over the past three years:

• 2022: Cumulative decline of approximately $71 billion

• 2023: Addition of nearly $58 billion

• 2024: Net increase of just over $20 billion

• 2025 (so far): Estimated growth of $47–48 billion

This steady accumulation reflects improved capital flows, stronger balance of payments dynamics, and proactive reserve management by the central bank.

What Are Foreign Exchange Reserves?

Foreign exchange reserves are financial assets held by a country’s central bank and typically include foreign currencies, gold, SDRs, and IMF reserve positions. These reserves play a crucial role in ensuring currency stability, managing external shocks, and maintaining confidence among global investors.