Zerodha’s growth has been driven by customer referrals and word-of-mouth publicity instead of advertising, says Founder and CEO Nithin Kamath as he explains how despite regulatory changes ending referral incentives, referrals remain steady for the discount broker. This is a testimony to customer trust and loyalty for the platform, he adds.
Negative Breakout: Suzlon Energy among 8 stocks that crossed below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data.