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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  sumanspeaks.blogspot.com Travel & Hospitality · Turnaround Watch Easy Trip Planners At ₹5.78: The Hotel Business Is Growing Faster Than The Old Business Is Shrinking Near its 52-week low, EaseMyTrip is quietly turning into a different company than the one that listed in 2021 — and the next few quarters will decide whether that transformation shows up in the profit line. Easy Trip Planners Ltd trades around ₹5.78, with a market capitalisation of approximately ₹2,300 crore. That is close to its 52-week low of ₹5.74. At first glance, that looks like a stock the market has simply given up on. Look closer, and a more interesting picture emerges. The balance sheet is clean. Revenue is still growing. And one part of the business — hotels and holiday packa...
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Gold ornaments a craze this festive season
If the trend in the city is any thing to by, the sale of light gold ornaments will take over that of bullion this festive season. 
Photo: www.lalithathangamaaligai.com
Oct 14, 2015: Steep fluctuations in gold prices over the past six months--gold has seen a high of Rs 28,000 and a low of Rs 25,400 per 10 gm have made consumers extremely jittery about investment.

Light jewellery for ornamental purpose is more in demand than long term investment in gold.

Ravindra Nath Rastogi, president of Lucknow Saraffa Association, said, "People are only buying required amounts of gold for weddings and festivals but are hesitant in making big investments in the yellow metal mainly because of the uncertainty over gold prices." He explained that people were in the `wait and watch' mode hoping for prices to fall further for hoarding bullion. India imports gold mainly from Israel, South Africa and Switzerland. Gold traders say China has announced to export gold to other countries soon. Hence, India may soon be over supplied with gold, resulting in steep fall in prices."This could happen anytime. Be sides, the rupee is gradually attaining stronger value in the global market hence most investors are waiting for prices to fall further," said Rastogi.

The buying patterns, however, show more inclination towards lighter ornaments like earrings, rings, bangles and chains apart from the must-buy traditional jewellery for wedding. Silver, too, has very few takers this season because of the constant decline in prices over the past few years. The rate of silver is Rs 35,800 kg this year, a steep fall from last year's price of Rs 42,000-45,000kg. Four years ago, silver prices had shot up to Rs 70,000kg, after which it has been constantly falling now. This has led to a major loss for silver buyers.

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