Thu, Aug 8, 2024 12:52 PM
Missed UBER Stock? Check Out this Potential Multibagger Instead
A Flip by Shubhangi Gupta
Shares of GMR Airports Infrastructure (GIL) rose 3% in Tuesday’s session to its day’s high of Rs 93.31 on BSE after the company informed that it is set to acquire an additional 10% equity stake in Delhi International Airport (DIAL) for about $126 million. The seller of the stake in the transaction will be Fraport AG Frankfurt Airport Services Worldwide.
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While the mutual fund industry has been registering strong growth in terms of the total assets under management (AUM), a recent analysis by Fisdom Research has shown that the share of individual investors in the AUM pie has jumped eight-fold in the last 10 years – between FY14 and FY24.Further, the individual share in total AUM had reached 63 percent by June 2024, compared to 45% previously.
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Nvidia's stock has risen 240% in 2023 and 108% in 2024, driven by demand for its GPUs in AI computing, with revenue up 122% year-over-year to $30 billion. While the company's growth is impressive, its stock is unlikely to double in the next year, as its valuation is already high and Wall Street has priced in 33% earnings growth.
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