Thu, Feb 1, 2024 1:01 PM
Indian bond yields falls 8 bps after FM announces reduced borrowing
A Flip by Shubhangi Gupta
If Bitcoin continues to “mature” and governments keep issuing large volumes of fiat currency, its price could soar above $200,000 without any major devaluation of the US Dollar, says Bitwise CIO Matt Hougan. Growing investment in “store-of-value” assets and continued fiat currency devaluation could propel the price of Bitcoin to six figures without the need for the US dollar to collapse.
Open Flip
Cyient's Q2 results were in line with estimates, with 2% q/q growth and 14.2% EBIT margin, despite a 14.7% y/y decline in total contract value. Management remains optimistic about H2 growth, and the brokerage firm raises its FY25 earnings estimate by 6.6% and upgrades its rating to Buy with a target price of Rs.2,230.
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The shares of Avenue Supermarts-operated DMart hit their all-time high of Rs 5,484.85 in September but have been in a downward trend since then. The stock has experienced a relatively sharper fall and is now trading even below its 200-day exponential moving average (DEMA). It was trying to survive above the same but failed after being pushed down on a disappointing second quarter performance.
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