When valuing Indian financial stocks, traditional methods like discounted future cash flows are impractical due to their lack of free cash flows. Dalal Street’s top stock picker Saurabh Mukherjea recommends using the “residual income” model instead. The model calculates return on equity (ROE) minus cost of equity (CoE) to determine the economic value add of a financial services company.
Gold trading hits $298 billion daily in March, says WGC report
Gold’s daily trading volume surged to $298 billion in March 2025, reinforcing its status as a highly liquid, resilient asset. The World Gold Council highlights
May 21, 2025