Fri, Feb 2, 2024 4:53 PM
Sensex, Nifty retreat from day's highs, analysts eye banking stocks!
A Flip by Avya Verma
Devyani International's Q2FY25 revenue grew 49.1% YoY to INR 12,222 Mn, in line with estimates, but EBITDA and adjusted PAT fell short due to higher operational expenses. The company's EBITDA margin declined by 202 bps YoY and 311 bps QoQ. Despite this, the outlook remains positive with expected demand pick-up in Q3FY25.
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Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back of fading election worries and expectations of a Republican lock on power in Washington next year. The bullish plays span a wide array of assets, from electric car maker Tesla to small-cap stocks and regional banks.
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Whale pump spotted as Bitcoin breaks $90,000 on institutional demand and optimism This week, Bitcoin set a new record high trading above $90 000 majorly due to continued institutional demand and optimism in the market. MicroStrategy led by its CEO Michael Saylor made a $2bn acquisition that saw the company acquire closer to 25,000 BTC.
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