India’s forex reserves dropped by $2.16 billion to $688.27 billion for the week ended October 18, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped by $10.75 billion to $690.43 billion in one of the largest declines in the reserves in recent times, the RBI said on Friday.
Ranvir’s Portfolio (25-10-2024)
Everyone has a different approach, and mine may resonate with yours.
In one of my demat accounts, I follow a strategy-based trading approach, holding a maximum of 3% in each of 33 stocks.
In another account, I focus on quick-profit strategies.
In a third account, I hold one or two SME stocks to explore that market firsthand. Additionally, I invest in 4-5 micro-cap stocks, with each position representing only 1% or less of my overall portfolio, aimed at the long term.
Just to note, I’m not a pure investor; my focus is on short- to long-term trading.
Overlooked No More: Margaret E. Knight, Innovator of the Flat-Bottomed Paper Bag (25-10-2024)
She came up with a method of automation so that workers would not have to make the bags by hand. Then she fought for credit for her work.
IDFC First Bank Limited (25-10-2024)
Frankly, my bet too is on Vaidya only. Because we made big money betting on him last time, me and many of my friends are holding on in hope for ever.
But the issue is this. This is an early stage bank. It does not matter how capable the driver is, if the vehicle is fundamentally broken then it takes time to fix it. in the meanwhile we can scream and scream at him as much as we can but he can only do that much. I feel in this context we should be watchful. To run a bank thats already making ROA of 2 and roe of 16 is probably better…
for example I truly believe that he has done a super wonderful job in what was essentially a broken piece. He has set high expectations by growing deposits at 30% plus for 5 years can he sustain this growth for another 5 years?
He has already called out the MFI business like the whole industry has. But we should check out SMA 1 and SMA 2 is that trend stable? They gave out the numbers last quarter results, will they continue with that disclosure this time, considering the numbers are likely to be much worse?
After last quarter q1 25, he gave some pretty bad guidance for credit cost of Q2 25. The number of times he emphasised that there is going to be higher provisions in q2 25, it could not be missed. He said that in the AGM speech at least 5 times he called the same out to television channels ( see cnbc tv18 interview and agm speech its on yt) and in the conference call probably it is really bad
I thought stick would come down immediately was waiting for this to come down all quarter based on those commentary but it never did meaningfully.
now it has suddenly come down to 65, but I am not having the courage to buy it because all mid cap banks are down simultaneously, the reduction is not specific to this bank.
This ia the funny thing when it is high we wait for it to come down, when it does we dont have the courage to buy
Nvidia overtakes Apple as world’s most valuable company (25-10-2024)
Nvidia has surpassed Apple to become the world’s most valuable company. This shift is due to the high demand for Nvidia’s supercomputing AI chips. Nvidia’s stock soared and its market capitalization briefly reached $3.53 trillion, compared to Apple’s $3.52 trillion. The company’s gains are also bolstered by strong demand from AI companies like OpenAI.
Poonawalla Fincorp formerly Magma Fincorp (25-10-2024)
Maybe you are right, but do you not think it is worth assessing the new management for a few quarters? I mean is it not concerning if the management conveniently releases a business update saying their AUM grew by 40% but leaves out this whole fiasco?
BLS International (25-10-2024)
But visa service and golf events have nothing in common. Could you please explain how is this move beneficial? To me it seems like something out of their domain at the moment.