Have a look at the following long term SBI chart. The stock after testing it’s long term support in March-April 2020 has recently broken out of 2015 highs. The long term pattern has all classic formations to suggest a sustained upward move for medium to long term investors. If the market corrects, the stock can … Read more
Little more than a year… it has already raced ahead of Mahindra and is now number 4th in market share
Become a technology led facilitator and not a traditional lender
Calls the deepening divergence between the stock market and the underlying economy “one of the most impressive mismatches in history”
Pick up any Q4 (March ending) FY 20 results and you will surely see the following statement – “The duration and severity of COVID-19 and the disruption caused to business environment cannot be reasonably estimated.” Likewise, checkout interviews from any respected businessman or filings made by Companies on the stock changes. The theme is common … Read more
In a widely expected move, RBI today slashed policy rates by 40 bps to ease Covid2019 impact. The repo rate now stands at 4% and reverse repo at 3.35%. This is the second significant cut in the year. Previously, in March RBI had cut the repo rate by 75 bps. “The MPC also decided to … Read more