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For the uninitiated, anything that makes a company’s business harder to disrupt or imitate is a competitive advantage or ‘moat’. For a corporation to flourish, the presence of one or more such moats is an imperative. Otherwise, new entrants could keep entering the industry and drive down the incumbents’ share of the profit pie.

​Japan has been cautious regarding stablecoins since 2021, said Edul Patel, CEO and Co-founder of Mudrex. "It is the right move to ensure investors’ safety, as algorithmic-based stablecoins are still at the experimental stage, volatility becomes inevitable and may keep investors at risk."

JPMorgan sees Paytm at Rs 1,000, down from the earlier target of Rs 1,200. The target price for the counter was Rs 1,350 before that. Even the latest target price signals a potential 60 per cent upside in the counter.

"There will be a solid demand for stocks in Japan, as domestic companies have set aside a lot of cash to buy back their own shares."

“In FY19 we saw 24.42 million vehicles being sold by the two-wheeler industry. Last year, we did around 17.9 million which indicates that there is a gap of approximately seven million vehicles. These seven million vehicles must come back because the market is there for consuming so many vehicles. One can expect some growth numbers coming up this year..”

According to the analyst, the biggest strength of the company is its salt and tea business. They form the bedrock of its India business and share similar traits, albeit with some differences.

The brokerage firm noted that the risk of downgrades in earnings estimates has resurfaced. "Multiple markets declined due to weak demand and the smallest decline was seen in the western region and the largest in the central region," it said.

“India is lagging the US and Europe in the sense that inflation picked up later compared to the US and Europe. So we are expecting India’s inflation to also remain high and it is very heavily influenced by what happens to energy prices and so we expect India’s inflation to be in the range of 7.5% to 8% for the next few months before it begins to moderate in the fourth quarter.”

The Relative Strength Index of the stock stood at 50.6 on Tuesday.

“In the current situation, I do not think safety lies in safety, rather it lies in growth. So, broaden your allocation with the domestic focus across the space. I would still say consumer discretionary, housing and real estate, auto, capital goods cycle are the spaces one should be accumulating on dips rather than go behind the traditional safety because today the safety lies in the future growth.”