Sat, Jun 29, 2024 3:51 PM
Prediction: Nvidia's Upcoming Move in H2 Will Surpass Their Stock Split
A Flip by Avya Verma
📌Log into the official Income Tax Department e-filing portal: incometax.gov.in using your user ID and password. 📌Go to service menu and select refund reissue. 📌Click on ‘Refund reissue request’ 📌Select the record for which you want to submit the request. 📌Click ‘ Proceed for verification’. 📌Select your preferred e-verification method – Aadhaar OTP, EVC, or DSC. 📌Click ‘Continue.
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SoundHound AI, backed by Nvidia, has potential for high returns due to its thriving audio recognition technology in restaurants and automobiles. Despite a 73% year-over-year revenue increase to $11.6 million, the company is highly unprofitable with a $28.5 million operating loss. Its massive $682 million backlog offers hope, but the stock's 20 times sales valuation is expensive.
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Cement stocks, including 📌UltraTech Cement, 📌Ambuja Cements, and 📌ACC, surged up to 14% on Monday, driven by rising capacities and industry consolidation. Despite strong demand and volume growth, cement prices have dipped 1-1.5% in June, which may put pressure on margins and earnings. Analysts expect limited price hikes in the next two months due to the monsoon season.
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