🔆 Saturday Coffee Newsletter
- Market Overview: Top stocks & asset classes
- Off the chart: Adani group over the month
- Good Reads: 5 articles on investing & more
- Pop Quiz: Answer and win a cool prize!
What’s up with markets? 📉📈
Nifty 50 was down 2.7% along with Gold, Silver, and crude also falling over the week.
A year ago, 24 Feb 2022, Russia invaded Ukraine and started the war. While it was expected crude prices will touch new highs, the price of crude today is 17% lower.
Adani Enterprise continued to struggle with this week as well with a 23% drop. Cipla fell 6% this week mainly due to USFDA inspections at one of its plants. On the positive side, the little to cheer about comes from Divi’s lab which gained 2.8% over the week.
Off the chart
On 24th January, US-based short-seller Hindenburg Research published a scathing 32000+ word research report accusing the Adani group of “stock manipulation & accounting fraud”. It’s been a month since then and the stock prices of group companies are in deep red.
What we are reading 📝
- At Capitalmind, we’re not emotional about the stocks we own. Here’s why. Read: The stock does not know you own it.
- A deep dive into investing in smallcap stocks, how much they outperform, and who should invest in them. Read: Is Small Cap Investing Right for You?
- Living off passive income is the sweetest dream of any investor. It isn’t easy or straightforward. Read: How to Live Off Dividends and How Much You Need to Retire
- Not all news is incorporated into the markets at the same speed. How’s that! Read: The information tortoise vs. the breaking news hare
- Three global fund managers come together to make the case for long-term, active portfolio management in more difficult times. Read: Lesson 1: focus on the long term, Lesson 2: see Lesson 1
Pop Quiz
It’s simple. Reply to this email and answer the question.
Each week, we randomly pick one winner who gets something cool!
Last week’s winner: Vivek Jain 🎉
This week’s question
Back in the 90s, This ice cream parlor would offer a free scoop of ice cream to students who scored good marks in their final exams. You would see many kids lining up to the ice cream parlor with a report card to claim a free ice cream scoop. After handing over the ice cream, the parlor would stamp the report card with “<brand name> scholars”.
Today it has over 70 outlets in NCR Delhi, Haryana, Punjab, and Uttar Pradesh states, offering a “Desi” version of Western fast food items.
Identify this north Indian food chain. Hit reply to this email and answer.
(If you’re reading this on the website and want to participate in the quiz, subscribe to the newsletter.)
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