Wed, Feb 28, 2024 11:08 AM
Sell USDINR; target of : 82.82 : February 28, 2024: ICICI Direct
A Flip by Avya Verma
Have you ever stopped to think about where your earliest lessons in money management came from? While we often seek financial education from external sources, the most impactful teachings often originate right at home, courtesy: our mothers. Our growing up years are filled with images of a small piggy bank, mom’s old purse with a mix of five and ten rupee notes that came as change from grocery.
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It was a hard week for Indian markets amid high volatility where the headline index Nifty ended with declines of 2.6% on a weak-on-weak basis. During the week, over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 8,328 crore.In the largecap segment, 15 companies witnessed significant block deals which were worth Rs 5,731 crore.
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Palantir stock (NYSE:PLTR) dipped by about 16% after its Q1 earnings report, prompting me to ponder whether this downturn presents a buying opportunity. Notably, Palantir showcased yet another quarter of solid revenue growth, promising client base expansion, and strong profitability metrics. That said, concerns persist regarding the stock’s elevated valuation.
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