Weekly Fin-Fun NewsLetter #86

Stock of the Week, Trekking, FDs, Billions, 7 Trillion Empire, Zeenat Aman, Native places and more..

Jul 02, 2023

Ashadi Ekadashi is a day of spiritual awakening, a day to connect with our inner selves and with the divine. It is a day to let go of our attachments to the material world and to focus on the things that are truly important. It is a day to renew our faith and to reaffirm our commitment to living a life of virtue.
May this Ashadi Ekadashi bring you peace, happiness, and spiritual enlightenment.

Nifty is at ATH levels and in green zone, Some mean reversion is expected.

Ditto with Bank Nifty

Just like trekking a steep mountain requires an early start to reach the summit, initiating a Systematic Investment Plan (SIP) early is crucial. By beginning early, you can navigate the challenges of market volatility more effectively, ensuring a smoother journey towards your financial goals, much like conquering a steep mountain with adequate preparation.
Stock of the Week

Orient electric CMP 239

Orient Electric is one of the leading consumer electrical brands in India with a diverse portfolio of fans, lighting, home appliances and switch-gears. The company takes pride in its R&D capabilities, spirit of continuous innovation and commitment to manufacturing cutting-edge lifestyle electrical products that meet the needs and expectations of modern consumers. ^[1]

KEY POINTS [ edit ]

Electric Consumer Durables Segment (72% of revenues)
The company manufactures a range of products like fans, air coolers, water heaters, kitchen appliances, etc. under this segment. ^[1]
It's fan business is the oldest within the company and accounts for 60% of the total sales & 83% sales of the segment. It is the second largest fan manufacturer in the country with a 20% market share in the organized market. It is also the largest exporter of fans from India.