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The profit figure missed ET NOW poll projection of Rs 8,300 crore by a wide margin. Net interest income (NII) for the quarter rose 12.87 per cent YoY to Rs 27,638 crore compared with Rs 31,196 crore in the corresponding quarter last year. ET NOW poll estimated NII figure at Rs 32,500 crore.

While Price multiples are good to use, it can sometimes be misleading as earnings per share isn’t always reliable and it is difficult to compare companies in two different sectors. For instance, an investor cannot assign the same value for Metal and FMCG stocks. Metal as we all know is highly cyclical and more vulnerable to economic conditions. On the other hand, FMCG business is much less vulnerable to economic cycles. Hence, it would be justified to assign a higher multiple to FMCG stocks as compared to Metals.

The company management also informed Jhunjhunwala that it has opened up a second Fastrack Prescription eyewear retail store, to cater to the youth segment. It plans to add 5-6 stores in the Bengaluru city and take the number to 25 across the country. The company said it is expanding into the lifestyle segment.

That stock markets are a shortcut to success is nothing but a fallacy. They are not. Investing in markets is akin to playing test cricket that tests your patience. Stock markets are inherently volatile, which stem from various factors.

I used to go cycling with them in winter, in the rainy season and it took me by storm and that is how I got into cycling. I started taking parts in different events and that’s how it all started. I love the sport.

Prior to this, the approach of expiry day had attracted short covering in the index futures which ensured that FIIs were left holding close to 60% of their index futures as longs, in stark contrast to just 16% as longs in mid-July.

The Relative Strength Index (RSI) of USDINR also provides us with another valuable insight. When the RSI is above 70 the chances of dollar prices reversing are high. We have witnessed this seven times in the last 10 years. Currently, the RSI of USDINR is in the overbought zone and trading above 70. This indicates the possibility of depreciation in USD and an appreciation in INR.

Governor Shaktikanta Das said introduction of the ombudsman scheme has led to a reduction in the time taken to solve consumer problems and expressed hope that it will be a case with CICs as well. CICs will join non-banking finance companies, commercial and co-operative banks under the purview of the scheme that was launched last year.

It believes the telco’s 3.3 GHz holdings in its priority circles are good enough to provide a quality 5G experience for several years, analysts, who participated in the telco’s June quarter earnings call Thursday, said.

Zomato bought Blinkit (formerly Grofers) for Rs 4,447 crore in an all-stock deal, which 97% of shareholders who voted approved on June 26.