Author: prosperplanetpulse.com
Indian stock market continued its record bull run picked up since June-end led by return of foreign inflows, albeit few phases of consolidation with the new earnings season. Bulls have tightened their grip on D-Street after a spectacular month-opening ahead of the Union Budget 2024 scheduled for later this month. In the third week of July, investors will keenly eye any Union Budget-related or government policy announcements as they may result in stock-specific action. The next set of April-June quarter results for fiscal 2024-25 (Q1FY25), domestic and global macroeconomic data, corporate announcements, foreign fund inflow, crude oil prices, and global…
of Shenzhen Besttech Technology Co., Ltd. (SZSE:300822) shares have fallen 29% over the past 30 days, shedding much of the recent share price gains. In fact, the recent decline has reduced the annualized gain over the past 12 months to a relatively modest 2.9%. Despite the massive share price decline, Shenzhen BIQI Technology, with a price-to-earnings (or “P/E”) ratio of 65.1, could be considered a stock to avoid altogether, given that roughly half of Chinese companies have a price-to-earnings (or “P/E”) ratio below 28. That said, we need to dig a little deeper to determine whether there is a rational…
Former first lady Melania Trump was not on the list of headliner and keynote speakers for the Republican National Convention announced on Saturday, but an adviser to former President Donald Trump said she still plans to attend the convention.The absence of a former first lady on the speaker list is a notable departure from the decades-old tradition of wives of Republican presidential candidates speaking at their party conventions.Members of the former president’s family scheduled to speak include Trump’s two sons, Donald Trump Jr. and Eric Trump, his daughter-in-law Lara Trump, co-chair of the Republican National Committee, and Donald Trump Jr.’s…
It wasn’t the best quarter. EMVision Medical Devices Inc. (ASX:EMV) shareholders are hesitant to invest in the company as the share price has fallen 13% in that period. However, the five-year return has been impressive; in fact, the share price has risen a whopping 419% in that period. Therefore, we don’t think the recent share price decline means the company’s story is a dire one. Only time will tell if the current share price still reflects excessive optimism.With that in mind, it’s worth looking into whether a company’s underlying fundamentals are driving its long-term performance, or if there are any…
To the dismay of some shareholders, Zuiwa Data Technology Holdings (HKG:3680) shares have fallen 27% in the last month, making for a terrible time for the company. Looking back over the past 12 months, however, the stock has performed strongly, rising 23%. With almost half of the companies in Hong Kong’s IT industry trading at a price-to-sales (P/S) ratio below 1.1x, even after such a large drop in its share price, Ruihe Data Technology Holdings’ P/S ratio of 1.6x makes it a stock that is probably not worth investigating. However, there may be a reason for the high P/S, and…
Witnesses say they saw Trump and another man covered in blood.Dasha Barnes and Rebecca CohenNBC News reporter Dasha Barnes spoke with a witness at the scene in Butler, who said he was in the front row, directly in front of Trump, when shots appeared to ring out. The woman, who gave her name only as Erin, said she heard four pops about three or four minutes into the rally, and Secret Service agents quickly stormed onto the stage, she recalled. When Trump stood up, Erin said she saw blood in his ear. “Nobody was worried about us. We were only…
AHMEDABAD: Gujarat Student Startup Innovation Hub (iHub) in collaboration with Fluid Ventures and Easy Knowledge hosted its first ever two-day investment demo day, Pitch Your Startups. According to Hiranmay Mahanta, CEO, iHub, the event saw participation from 13 venture funds from across India, with seven from Gujarat. “20 startups were selected to pitch their innovative ideas,” Mahanta said. “After the initial pitch, one-on-one meetings will facilitate deeper collaboration. Many of these funds are exploring opportunities in Gujarat for the first time.” Expressing optimism about the impact the event would have on the state’s startup scene, Mahanta said, “Till now, many…
Former President Donald Trump was rushed off the stage on Saturday just minutes into a rally in Butler, Pennsylvania, after a loud gunshot-like sound was heard. Trump is expected to survive, according to two senior law enforcement officials briefed on the incident. He had blood on the side of his head and in his ear. As Trump spoke, he reached over to the side of his face after hearing a popping sound from the crowd. Secret Service agents then rushed onto the stage and surrounded him, causing him to crouch down. He was quickly escorted into a car and driven…
Son of Asia’s richest man throws most lavish wedding of the yearMUMBAI, India (AP) — The youngest son of Asia’s richest man, Mukesh Ambani, has married his longtime love in what has been described as the wedding of the year. Global celebrities, businessmen and politicians attended the ceremony, highlighting the billionaire’s enormous wealth and growing influence. Wedding ceremonies, including an exchange of garlands and a walk around a sacred fire, began on Friday and ended just after midnight. Anant Ambani and Radhika Merchant’s wedding took place at Ambani’s Geo World Convention Centre and his family home in Mumbai. Guests included…
As market gains become increasingly concentrated in a narrower range of companies, more investors are using their judgement to pick and choose individual stocks to buy. Bank of America analysts said in a research note on Tuesday that clients of Bank of America Securities were net buyers of U.S. stocks for the first time in three weeks. Last week’s $6.1 billion in net inflows were the fifth-largest on record for Bank of America. Clients bought both individual stocks and exchange-traded funds, but analysts noted that individual stock inflows were the largest in the bank’s data, which dates back to 2008.…