One such miss is Granules India. An initial investment of around Rs 7 lakh (Rs 6,88,550) in the stock seven years ago could have made you a crorepati by now.
The MPC decided to change the stance from accommodative to neutral while keeping the policy rate on hold to assess the effects of cash ban on inflation.
The Mumbai-listed trader of recycled paper transformed from an obscure Indian penny stock into one of the nation's top 300 firms by market capitalisation.
Investors in the age bracket of 40-50 can put around 60% of their funds in equity and real estate. Those who are close to retirement can put 20-25% in equities
The big story is the change in stance by the RBI from accommodative to neutral – which in simple words means we mean the rate cut cycle may be over for now.
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