- Wealth PMS (50L+)
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.
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.
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.)