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Navin Fluorine International has seen its shares rise by 9,200% over the past ten years, delivering a Rs 9 lakh ($12,564) return on a Rs 10,000 investment, according to ET Markets. The speciality fluorochemicals manufacturer has also seen sales grow from Rs 486 crore in FY13 to Rs 1,453 crore in FY22. The company is majority-owned by public shareholders at 71%, with promoters holding a 28.81% stake. Technical analysts have suggested the stock will continue its upward momentum, targeting a price of Rs 5,100-5,250 ($71-$73) within a couple of weeks.

Despite a culture of high savings, only 5-6% of Indians invest in equities due to a lack of financial literacy. However, fintech companies and financial institutions have started leveraging user-friendly interfaces, informative content, and investment tools to educate and empower individuals to make informed investment decisions.

EssilorLuxottica SA jumped 6.3%, among top boosts to the blue-chip EURO STOXX index, after the luxury eyewear maker reported a rise in first-quarter revenue on a rebound in China-led growth.

RIL has reported a consolidated net profit of Rs 19,299 crore ($2.58 billion) in Q4FY2023, up 19% YoY, mainly due to higher other income and lower taxes. However, revenue grew only 2% YoY to Rs 2.16 lakh crore ($28.86 billion), slightly lower than the estimated Rs 2.22 lakh crore ($29.63 billion). Highlighting its potential, the company gave a positive outlook across the oil, gas, retail, and telecom segments.

Despite the highest inflation in 4 decades, slowing growth, and heightened geo-political tensions, gold’s performance in 2022 has disappointed many investors, writes Ravindra V.Rao, CMT, EPAT

While the RBI acquired dollars in the spot market, its outstanding net forward purchases of the dollar reduced in February, implying that the central bank took advance delivery of its forward positions, analysts said.

The dollar-rupee forward premia, which indicates the India-US interest rate differential, has dropped significantly due to a pause in local tightening rates and expectations of further increases by the US Federal Reserve. While this drop may lower hedging costs for importers, it reduces incentives for exporters to sell dollars as their returns decline. This decline could lead to a compression in the rate differential between the two countries and reduce the relative appeal of domestic assets for overseas investors. This could also lead to potential unwinding of dollar short positions by carry traders.

Affordable Robotic and Automation shares have given multibagger returns to investors in the last six months, rising over 100%. As of March 2023, Vijay Kedia and his firm Kedia Securities hold a combined stake of 13.30%, up from 12.25% in September 2022.

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