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TSLA is coming to INDIA !
As Tesla gears up to enter the Indian market, one might expect its stock to surge in anticipation of tapping into a vast automobile market. However, the reality is quite surprising.. . .
23 April 2024 · Tuesday
Good evening, WeekendInvestor !
TSLA is coming to INDIA !
As Tesla gears up to enter the Indian market, one might expect its stock to surge in anticipation of tapping into a vast automobile market. However, the reality is quite surprising. Despite the buzz surrounding its India expansion, Tesla’s stock has been on a downward trajectory, exhibiting significant volatility over the past year. This raises questions about how global investors perceive the company’s prospects amidst such crucial announcements.
The journey of Tesla’s stock price reflects a rollercoaster ride for investors. . . . . .
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How to approach BAAP stocks
Let’s dive into the fascinating journey of Nestle India as depicted in this 14-year chart analysis. From its humble beginnings around Rs200 in 2010 to its current impressive price of approximately Rs2500 in 2024, Nestle India has emerged as one of India’s biggest success stories. Despite encountering challenges like the COVID crash and occasional market hiccups, Nestle India’s trajectory has been overwhelmingly positive.
At present, Nestle India trades at around 75 times earnings, signifying its status as a high-growth company. However, even if its stock price were to halve overnight, resulting in a hypothetical valuation of Rs1200, it would still be trading at 40 times earnings, which is still a significant indicator of growth potential.
But what if the market decides to de-rate its price-earnings ratio over the next decade?
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WeekendInvesting Daily Bytes
Nifty is marginally up today, just about 0.14% gained. Flattish to positive. But a news that has been doing rounds in the market today is about how ViX has dropped below the ten level, so marginally came back up beyond 1010 levels again towards the end of the markets. But how the volatility has kind of shrunk in the market.
So potential reasons could be . . .
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