Wed, Apr 24, 2024 6:09 PM
Four-day market rally makes investors richer by Rs 8.48 lakh cr
A Flip by Avya Verma
Sometimes the market presents unique opportunities to get an even bigger discount on a stock that's already trading at an attractive price. Warren Buffett's Berkshire Hathaway appears to be latching onto one of those opportunities right now. Berkshire Hathaway bought a combined $167.5 million worth of Liberty SiriusXM tracking stock in April, bringing its total position to about $2.6 billion.
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Shares of McDonald's (NYSE: MCD) bounced between positive and negative territory following its first-quarter earnings report as investors digested what the fast-food operator had to say. While the stock ultimately finished nearly unchanged the day of its report, down -0.2%, there was nonetheless a lot to unpack from the company's earnings report and conference call that could shape.
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Shares of NMDC, the country's largest iron ore producer, continued their upward trajectory for the third consecutive trading day on Monday, surging by 1% to reach a 14-year peak of ₹271.70 per share. The last time the stock reached this level was in 2010.NMDC's shares have been on an upward trend since June 2023, closing nine out of ten subsequent months in positive territory and accumulating.
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