Mon, Nov 20, 2023 5:15 PM
Technical View | Rangebound trade may sustain in Nifty with support!
A Flip by Avya Verma
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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Extending their bullish trend for the fourth consecutive trading session, shares of Sarveshwar Foods, an emerging player in the agri-food sector based in Jammu, surged another 10% in today’s intraday trade, reaching ₹11.70 per share. This latest increase has propelled the stock to a cumulative gain of 37% over the past four sessions and a remarkable 114% year-to-date.
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Australian consumers turned gloomy and business confidence sank in a combination that highlighted increasing concern about the job market as the economy labors under elevated interest rates. Concern about the employment outlook was a major reason why a separate Westpac Banking Corp. survey on Tuesday showed consumer confidence slipped 0.5% in September.
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