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The stocks which have given multibagger returns include Apar Industries, Fertilisers And Chemicals Travancore Limited (FACT), Mazagon Dock Shipbuilders Ltd, UCO Bank, Rail Vikas Nigam Limited (RVNL), Finolex Cables Limited, Punjab & Sind Bank and Indian Bank Limited.

The week was dull for index heavyweights as 18 stocks from the 30 share Sensex pack ended in the red, with Infosys being the top loser. The scrip has lost as much as 11% during the week, following its poor fourth quarter numbers as weak guidance for FY24.

Premium pricing in options is based on intrinsic and extrinsic values. Intrinsic value is the market price subtracted from the strike price. Extrinsic value is determined by the Black Scholes model and is higher for at-the-money options, while out-of-the-money options have lower extrinsic value. Intrinsic and extrinsic values are added to determine the premium price of in-the-money options. As options move further out of the money, the extrinsic value decreases, thus lowering the premium price. Finally, the author shares a live market option chain with decoded values.

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.