Have you read the entire thread ? The person who has set up the business has much more pedigree in his field than we have . Surely ,he can also see with his eyes that the sector is unorganised and margins are thin . He is trying to do something that has not been done at this scale and apparently many canny investors and industrialists have faith in the business model to put in money when there was no business at all . While it’s true that they did so at 250 per share , it’s also true they did it based on even less data to go on . While the business can run and be profitable consistently in future is something that no one knows , it’s surely foolish to look for moat in a business that’s only taking baby steps . It surely won’t pass the Buffet copycats scrutiny but there are many ways to invest and make money .Only thing is that one must not not expect to hear opera music in a rock concert .
Delhi CM Atishi gets ‘Z’ category security (25-09-2024)
Delhi Police has provided ‘Z’ security cover to Atishi, who was recently sworn in as the chief minister of Delhi. The security includes a pilot in her convoy and 22 personnel deployed in shifts. Her security may be further reviewed by central agencies based on threat assessments from the Ministry of Home Affairs.
Indian rupee strengthens to 83.59 per US dollar amid corporate sales (25-09-2024)
The Indian rupee strengthened to 83.59 per US Dollar due to sales of the greenback from local corporates and inflows in local stocks and bonds. These flows are seen after the US Federal Reserve cut interest rates last week, and in speculation of another rate cut by the US in November, currency dealers said.
Explainer: Here are key financial ratios to evaluate performance of banks (25-09-2024)
Banking and finance stocks have earned stellar returns over the past few years, thereby attracting retail investors. The sector index BSE Bankex has gained over three times since April 1, 2020, the year of pandemic, closely tracking similar gains in the benchmark Sensex.
US stocks open subdued as investors await Fed rate clues, data (25-09-2024)
Wall Street had a subdued start on Wednesday, with investors awaiting further indicators on the state of the economy and potential interest rate reductions, a week after the Federal Reserve initiated its policy relaxation cycle.
Tech view: Nifty closes above 26k mark, near-term uptrend intact. How to trade tomorrow (25-09-2024)
Nifty’s minor positive candle with an upper shadow suggests a potential pause after its recent rally. The uptrend remains, but expect range-bound movement or a slight dip in the next couple of sessions. Key levels to watch are resistance at 26,250 and support at 25,800.