Sun, Oct 22, 2023 10:05 AM
Stock pickers sidelined with world events overshadowing earnings
A Flip by Shubhangi Gupta
Well, here we go again. The rigged game of meme-stock trading is back in vogue, evidently. GameStop (NYSE:GME) stock traders deserve the credit or, perhaps, the blame for this. I won’t win any popularity contests for this, but I am bearish on GME stock and expect this mania phase to end badly, just like it did after the 2021 hype cycle (see the chart below).
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PVR Inox Q4 results: India's top multiplex chain PVR Inox said on May 14 that its net loss narrowed to Rs 130 crore for the March quarter from a loss of Rs 333 crore in the year-ago period. Analysts had pegged the company's Q4 loss at Rs 118 crore. In the previous quarter, the company reported a profit of Rs 12 crore
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With Go Digit General Insurance's Rs 2,614-crore IPO set to open on May 15, investors are asking one question: How much money has the celebrity couple Virat Kohli and Anushka Sharma made on their investment in the company since February 2020? Based on calculations, the couple may have nearly quadrupled their investment in Go Digit, even as they continue to hold the shares.
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