Fri, Jul 5, 2024 7:59 PM
2 No-Brainer Billionaire-Owned Stocks to Buy Right Now
A Flip by Shubhangi Gupta
The Yamuna Syndicate Limited (TYSL). The stock hit an upper circuit of 10 per cent, with a provisional closing at Rs 62,555 per share on the BSE. Remarkably, in the last three trading sessions, the stock has consistently hit back-to-back circuits. With this move, TYSL has become the second costliest share in the Indian markets, trailing only MRF.
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G7 sanctions aimed at reducing Russian petrodollars have not driven up the cost of delivering Russian oil, with the price of delivering Urals crude to Asia from Russia's Black Sea port falling to its lowest since October. The cost has dropped to $7.2 million per million-barrel cargo, with the theoretical cost attributable to sanctions plunging to $2.8 million.
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BlackBuck's valuation has been marked down ahead of its planned initial public offering (IPO). The Indian startup, valued at $1 billion or more in 2021, had joined the prestigious unicorn club during a period of high investor interest in the Indian market. The markdown comes as a setback, impacting the company's financial worth, and raises concerns about its upcoming IPO.
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