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Coinbase is strategically expanding its horizons with a fresh investment in CoinDCX, an Indian crypto exchange, now boasting a valuation of $2.45 billion. This investment marks a continuation of their partnership, following an initial investment in April 2022. With CoinDCX revealing impressive figures of $141 million in annualized revenue and $1.
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Nuvama has identified five stocks with strong technicals for potential gains in Samvat 2082. These picks include Bank of India, BEML, Can Fin Homes, Graphite India, and Vedanta. The brokerage anticipates broad-based profitability driven by credit growth, manufacturing, and infrastructure spending. Market valuations are seen as reasonable, with positive liquidity and sentiment expected to support the market.
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While major Indian stock indices saw modest gains, a surprising rally occurred in penny stocks. Over the past year, at least 25 low-priced stocks delivered returns of up to 540%, significantly outperforming larger counterparts. These microcap gains, often in sectors like infrastructure and finance, highlight a vibrant, albeit speculative, segment of the market.
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News and Media
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