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​It is all about this competition or all these new stores which are getting opened. These are all welcomed and they should all be welcomed by the society and by the consumers and I think it is just an injection of consumerism and an injection of the GDP growth that we require and largely at the mass level and those K-graph economy is showing us the GDP growth but it is largely coming in from the upper segment of the demographic but the lower segment of the demographic needs to grow so that all of these get benefited by and even the growth can get consumed.

Gold prices rose as the US dollar index fell below 102, amid concerns of high inflation and the banking crisis in the economy. Gold futures rose 0.44% to INR60,693 ($798) per 10 grams on MCX, whilst silver futures increased 0.31% to INR76,150. Prathamesh Mallya, Assistant Vice President - Research, Non-Agri Commodities and Currencies at Angel One, predicts gold prices will rise towards INR61,020. Praveen Singh, AVP Fundamental Currencies and Commodities Analyst at Sharekhan by BNP Paribas, saw support for gold at $1,975-$2,000, with resistance at $2,032-$2,050.

On the technical charts, the RSI of the stock stood at 43.0.

Tata Consultancy Services (TCS) on Wednesday reported a 16.9% year-on-year (YoY) rise in its March quarter revenue at Rs 59,162 crore while profit rose 14.76% YoY to Rs 11,392 crore

Mahindra Logistics’ revenue is expected to grow 24% YoY to Rs 1349 crore, led by strong growth in auto segment and consolidation of numbers from Rivigo B2B division. EBITDA margins are expected to remain rangebound at 5% (due to negative impact from loss making Rivigo B2B acquisition).

The Relative Strength Index of the stock stood at 53.26 on Thursday.

So therefore still stick with the companies where the balance sheet quality is very good and there are honestly both large caps as well as some small midcaps which are niche city-centric players like in Bangalore etc. which are quite decent and where the sales growth is still going on quite well.

CEO transition timelines moving earlier as well as pent-up elements from deal deferrals can provide a positive catalyst for H2FY24E.

Jubilant Foodworks, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 28600.99 Crore) operating in Tourism & Hospitality sector.

Amid all this, it is natural for investors to believe that they would be better off staying away from equities. But this argument has a flaw - we are looking at hindsight and trying to predict the future.