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First, Dollar will be prone to sudden spikes due to inflation or FED.
👉Near term outlook remains positive as :-
👉The company's Q2FY23 performance has reaffirmed that they have turned even mightier after the pandemic.
👉CLSA has flagged mean reversion as a derating risk for Indian equities.
🔸News headlines are rarely helpful for investors. Most are just junk flowing through. Even today, there is no shortage of headlines which are just up-to-date version of the past headlines.
👉Indian tech IPOs are finding the going hard due to depressed valuations & a more conservative approach from the market regulator.
👉SEBI seems to be regretting some of the IPOs it approved last year, after they have eroded investments away. They include Paytm, Policy bazaar & even Zomato.
First, lets talk about the company🏢🏢
👉Dividends are distributed from the free cash flow left with the companies after completing all their operating expenses.
Following the great traction in passenger vehicles, next in line might be commercial vehicles (CVs) to lead the auto industry sales.
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Government had decided to continue with high pricing of the spectrum by auctions. 4 companies which bid for spectrum have committed to Rs 1.5 lakh crores for the spectrum they acquired.
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