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Attracted by the cheap hydroelectric power available in Niagara Falls, Blockfusion took up residence at a former coal factory there in 2019, followed by US Bitcoin in 2020, which operates from a former sodium plant.

"The company’s international foray with product listing on 4 portals in GCC countries and 2 portals in the USA looks exciting and further penetration could provide incremental value," the brokerage said while giving a target price of Rs 1,680 on the stock.

Aggregate disbursements in the second quarter of FY23 were at Rs 14,623 crore as against Rs 8,706 crore during the same quarter in FY22, implying a growth of 68%.At 12.30 pm, the scrip was trading 5.25% higher at Rs 746.60 over its previous day’s closing price of Rs 709.35 apiece. However, the stock has risen nearly 23% in the last one year while it has surged about 39% year-to-date.

“Nykaa is really excited by the sheer size and market opportunity that fashion presents. It might be five to six times the size of the beauty market. So the sheer market size and opportunity is really exciting. Within that, we think there is an opportunity for multiple players to exist as with any sort of mature consumption economy, one would see multiple players existing providing different value and different propositions to the customers. ”

The second largest pure-play mortgage lender announced a 23 per cent on-year growth in net profit at Rs 305 crore for three months period ending September

Among large buyers were the central banks of Turkey, Uzbekistan, Qatar and India, but the WGC said a substantial amount of gold was also bought by central banks that did not publicly report their purchases. It did not give any details on which countries these could be, but banks that do not regularly publish information about their gold stockpiles include those of China and Russia. Purchases of gold bars and coins also surged in Turkey to 46.8 tonnes in the quarter, up more than 300% year-on-year, as people bought gold to shield themselves from rampant inflation.

“IT services companies are in a good place and are going to stay in a good place for a long time. As far as the other hi-tech sectors in India are concerned, whether it is the consumer and the consumer facing names, the real issue and the real challenge is how much of the Indian market actually has the purchasing power.”

The company said growth in Q2FY23 revenue and operating EBITDA were driven by higher occupancies, improved payor mix and increased ARR in the outpatient department. International patient revenue grew 16% YoY and reflected 110% of the pre-Covid average.

The company said the contract is in the ordinary course of business and none of the promoters or promoter group has any interest in the aforementioned contract. It does not fall within the ambit of related party transactions.

An investor is more confident buying a particular stock if a large number of mutual funds (MFs) schemes also hold the stock.