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“A recession is highly likely in the Euro zone at this point and the European Central Bank has to raise interest rates regardless. One has to ask oneself, what is worse for the Euro area? Is it two consecutive quarters of shallow contraction or is it many years of high inflation? ”

Now, let us move on to the fundamental difference between meme stock and meme coin. Even if say a meme stock’s market prices shoot to the moon, the business organisation associated with the same does not grow in value. However, with meme coins, the fundamental value of the coin seems to skyrocket with its price

We continue to make investments in strengthening our value proposition as well as building the organization to further accelerate the digital transformation of businesses. We look forward to capitalizing on the emerging opportunities arising from the increasing adoption of the internet on the back of investments made in the recent quarters, as well as, a strong balance sheet.”

Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 12730.51 Crore) operating in Building Materials sector.

​The market rally in July has made Jain the first fund manager in India to oversee Rs 1-lakh-crore equity assets.

The Nifty Pharma index was trading 0.06 per cent down at 12644.65.

On the domestic equity market front, the 30-share Sensex was trading 250.95 points or 0.45 per cent higher at 55,932.90, while the broader NSE Nifty was up 71.10 points or 0.43 per cent to 16,676.35.

A total of 6,466 shares changed hands on the counter till 10:15AM (IST)

"We would also want to see the dollar index holding above the 109.50 mark which is a very strong resistance area for the dollar index. So in case the dollar index manages to sustain above the 109.5 mark, we can see it heading towards the 111 to 112 mark as well. It seems slightly unlikely at the moment but if the energy crisis worsens and if the situation deteriorates, one may see a safe haven in the dollar."

The stock bounced back after hitting a low of Rs 93 on 20 June 2022. It consolidated around Rs 100 levels for the past 2-3 weeks. The stock rallied more than 15 per cent in a month and about 5 per cent in a week.