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"Lemon Tree Hotels is one of our high conviction bets. We have built a large concentrated position of 8% in Lemon Tree. Gujarat Fluorochemicals is another stock in our portfolio. We have owned this stock from a price of Rs 580 to today’s price of Rs 4,000. Then comes Bharti Airtel which has strong momentum in India with improving ARPUs. The other two bets are Titan and Motherson Sumi Wiring. "

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Operationally speaking, it’s performance has been near-flawless. A slew of worries over cryptocurrency volatility, the depth of the market for futures and the cost of rolling its underlying contracts have all fallen by the wayside in 12 months of solid functioning for the ProShares Bitcoin Strategy ETF (ticker BITO).

The latest inflation data from the United Kingdom shows that inflation is at its highest in 4 decades and is mainly driven by high food prices and the falling supremacy of the pound. The US economy is defying global trends and is becoming a stringer with the rising dollar as US-listed companies report positive earnings, acting as a catalyst for the world’s most powerful currency.

The past five sessions saw the index trading in a range of 572 points which was wider than what was seen over the past few weeks. While staying and closing above key supports, the headline index ended with a net gain of 391 points (+2.27%) on a weekly basis.

Absolutely, the expectation largely was that numbers will be soft for Reliance. The O2C business has probably justified that stance. The large expectation of the Street was anywhere between Rs 32000-32500 odd crore in terms of consolidated EBITDA and that has clearly surpassed with the consol EBITDA coming at Rs 34653 crore

Kotak Bank profit up on consumer loan growth

Updated at : 2022-10-22 18:20:01

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The strong loan growth on consumer banking made up for the tepid performance on the corporate side where the loan book shrank 2% compared to June.

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However, at least in the short term, the probability of such an occurrence is slim as international views contradict one another. At one end of the spectrum, we have El Salvador and the Central African Republic, which said, "Bitcoin is an official currency." In contrast, China mentions, "Crypto transactions are illegal."

No better time than Dhanteras to buy Gold

Updated at : 2022-10-22 17:20:02

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Gold has provided unmatched returns than other asset classes like equities, real estate, mutual funds, fixed deposits, recurring deposits, and NPS. In India, gold has provided CAGR returns of more than 11% over the last 5, 10, and 20 years. Furthermore, whether the 24k gold is purchased in real or digital form, the seller always offers a repurchase guarantee. If one sells something anywhere in the world, he or she will receive the full value of the item.

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However, smaller issues including Sigachi Industries, HP Adhesives, Hariom Pipe Industries, Venus Pipes & Tubes and Veranda Learning, whose issue size ranged between Rs 125-200 crore, delivered 50-150% returns to investors.

"Diwali as a cultural event is auspicious and brings out positive energy in most. But statistically, it is another day and any herding of calls and picks can only be damaging to the buyer."

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