Many positives for the auto stocks today:
➡️ 15% export duty on steel to bring down steel prices
➡️ Excise duty reduction on fuel to bring down prices at the pump
➡️Metal prices cooling off globally: Steel and aluminium prices are now down 12-26% from march peaks
➡️ 15% export duty on steel to bring down steel prices
➡️ Excise duty reduction on fuel to bring down prices at the pump
➡️Metal prices cooling off globally: Steel and aluminium prices are now down 12-26% from march peaks
Fiis still holding : $ 600 Worth of stocks in India
•$ 600 Billion x 7600 = Rs 4560000 crore
•Suppose they sell daily =Rs 2000 crore worth
•Will take to 2280 days to offload this stocks
i.e around 6+ years.
►But if USINR slides to 80-83 and more then speed of selling !! Clueless🙈🙈
•$ 600 Billion x 7600 = Rs 4560000 crore
•Suppose they sell daily =Rs 2000 crore worth
•Will take to 2280 days to offload this stocks
i.e around 6+ years.
►But if USINR slides to 80-83 and more then speed of selling !! Clueless🙈🙈