- 3 weeks ago
While the festival is often seen as a time for good fortune, experts say the stock market doesn’t necessarily follow festive trends.
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00:00you
00:00thanks for that hello and welcome to market closing on our brand new collab show between
00:13business today and india today television it's 3 p.m and you will get all the closing action on
00:18markets right here let's take a first look at what's hot in the corporate and financial space
00:25right now markets trade in a range as nifty tries to hold on to the 25 000 mark gaining around 50
00:33points in trade the sensex rises about 180 points hovering around 81 600 on weekly expiry
00:39after a five percent surge over the past two days it stocks have seen profit booking today with
00:47emphasis oracle financial services emphasis leading the losses as investors now await the
00:52u.s cpi data meanwhile oil and gas shares have gained in trade with ioc gale as well as gspl
00:59gaining anywhere between two to four percent
01:02three main board ipos urban company shringar house of mangal sutra and dev accelerator have
01:10continued to attract strong investor response on day two urban company is seven times subscribed
01:15we've also seen dev accelerator 11 times subscribed and we've seen shringar five times subscribed right
01:21ahead of the friday subscription close
01:23at the siam convention nitin gatkari has hit back at critics of e20 fuel rollout calling the campaign
01:35against him false he also has said that he has urged the finance minister to consider gst relief
01:41for customers scrapping old vehicles to buy new cars
01:44amazon now has expanded its services to mumbai after witnessing a 25 percent month-on-month growth
01:58since its launch earlier this year in bangaluru and new delhi
02:01well let's straight away look at how the markets are trading at the last half an hour of trade if
02:11you look at where the nifty is it's hovering just at the 25 000 mark right now up about 27 points in
02:18trade let's also look at the sensing that's hovering around 81 500 odd mark right there
02:23there's an almost 90 point of an uptick so we are sitting on the seventh day of gains for the markets
02:28we've already has had six days of consecutive gains on the d street as well what's really looking good
02:34at this point in time well you look at the broader markets they're also higher in trade among the
02:38sectors also you will be able to see that it's the nifty bank that's pulling up psu banks that are
02:43holding up in trade as well we're also looking at however on the declining end that it's the it
02:49stocks that have taken to profit booking in the session today the it index is the top losing sector
02:54at this point in time with almost seven tenths percent of losses it's near the low point of the
02:58day is how you see the it index at currently let's look at the top movers as far as the nifty is
03:04concerned on the top five moving stocks as well as the top five laggards in the last half an hour of
03:09trade on the kind of moves that we are seeing on the nifty gains you can actually see shi yam
03:14finance that's hovering higher you also have access bank power grid zomato that's eternal now
03:19these are the key stocks that are hovering higher in trade on the flip side when you see look at the
03:24kind of losses that we are seeing it's a lot of it stocks wipro hcl tech tcs that's declining in
03:29trade you also have some auto names that are also slipping away in trade in the session today as well
03:35now remember viewers we also have a lot of work gainers as far as the nifty 500 basket is concerned
03:40you have names like vari energies that's hovering about seven percent higher you have aurobindo pharma
03:46that's up by five percent newland laboratory is another five percent higher in trade and chola
03:50financial holdings is also up by about four percent so those are the top gains that you're looking at
03:55at this point in time but remember the rupee has sunk to a new record low of 88.44 against the u.s
04:00dollar so we will be looking at how this clearly impacts some of the export oriented sectors at large
04:06as well but let's welcome our guest on board we are now joined by ashumadhan the md of jm financial
04:11on the program with us and he's the birthday boy happy birthday to you ashumadhan thank you so much
04:15for taking the time out for this uh special conversation and giving us your time on your
04:19special day as well let's start off with your favorite subject the stock markets how are you
04:24looking at the current sentiment and with your birthday uh do you think that there will be some
04:29more green ticks above 25 000 that we'll be able to see
04:32uh sakshi at the outset thank you for having me and thank you so much for the wishes so sakshi uh
04:40see you know uh what i mean the currently my favorite quote is it's not about tezi or mandi
04:45it's about the lack of participation what has happened in the last few months actually that we
04:50there is a depleted interest uh depleting volumes depleting our pools so everything that is what is
04:57being affecting the market and if you look at the all the positive news being priced in
05:03uh whether it is gst whether it is tax reforms gst reforms fis are continuously selling and you just
05:09mentioned one very important point rupee depreciating 88 40 i think see overall in the scheme of things
05:15i would best call this market a side-based market i think you would have seen uh i mean we have seen
05:22in uh recent past july there was a message floating around 24 24 uh 2024 july market was 25 500 and july
05:312025 market is 25 500 so we have not done anything so probably a similar range of similar thing can
05:38happen sakshi in 2000 by till 2026 also that we don't go anywhere we we remain uh in the larger range
05:48of 24 000 to 26 000 and for two years we don't do anything that is i mean that's a different kind
05:54of that's a price correction which unfortunately as a market participant we have not been habitual of
06:00uh since post covid we have been so habitual of action and like a t20 action and the market has
06:06suddenly converted into a test match arena so that is what is bothering the participants and most of the
06:11people are losing interest so that is the state of the market currently right now absolutely you're bang on
06:17point uh when it comes to the kind of market mood that we've been seeing for a fairly long time now
06:22and you do see that there could be elongated consolidation that we have to get prepared for
06:27a time correction of sorts that we could be probably looking at as well but you know what is the best way
06:32uh you've been somebody who's been tracking the markets for decades now you can help us understand
06:36there must have been periods like this even before uh rightly pointed out by you that all the new
06:41investors are seeing this for the first time those that entered post covid into the markets are seeing
06:46this for the fair you know first time and they are very uh restless with this kind of a lackluster
06:51kind of a momentum in the markets what are you advising those investors to do at this point in
06:55time you know at this point everybody is looking at gold and silver which is consistently uh you know
07:00going to record high levels or should one continue to focus on equities slow and steady accumulate them
07:05in the long term uh this is likely to outperform how would you advise that fresh investor now
07:09yes certainly see nowadays such is another thing which is bothering a lot of people is
07:16when you talk about what you feel about the market and where is the market going so market index is
07:21different stocks are different even if market is run up by 500 000 points and you look at the
07:25portfolios i mean when i check the portfolio of the clients they don't go anywhere i mean people are
07:30stuck in the psus for them the market is their portfolio for us the market is probably the
07:35headline indices so it's absolutely two different kind of uh numbers which we're talking about so
07:42currently somebody who's not invested i still feel that uh index or index funds or probably index etfs or
07:48probably large caps are still a better bet because the first level of reversal comes in large caps
07:53only mid caps will take a lot of time and for that you need a secular kind of a bull run to i mean
07:59get and another factor is actually when i said somebody that what are the signs that market is
08:04turning turning around so i i say i simple thumb rule which is a very amateur thumb rule that whatever
08:09your portfolio of past three months six months nine months one year two years which is badly struck
08:14the moment you see 25 percent of your portfolio in green that's a very very strong sign that we are
08:20in a reversal mode and that's what is important to look at otherwise there i mean there is no number
08:24that i mean if you reach 25 500 is the market good or 26 000 now the problem is that sakshi another
08:31important point as a market participant we must remember is that even if this time market crosses
08:36new high 26 500 let's say something some good news happens some some mega good good news comes on
08:42terry front and we crosses 26 000 will the market participation will be the same will the prices of
08:48the stocks where people are stuck will be same or will they get the exit the answer is strongly no
08:53it will be an index based recovery select recovery indices will go higher but our portfolios will
08:58still be down 20 percent so that is where somebody has to realize the fact that some point in time
09:03now they have to turn if so the larger questions actually people ask me or you ask me or i ask you is
09:10that let's say we are moving towards 26 000 plus which who will be the next hero which will be the
09:16next sector absolutely that is what something has to be identified i think i will come to that you
09:21know identifying the next heroes of what could actually lead your portfolios into a higher sort
09:27of a green is something that i'll come to you so hold that thought there meanwhile viewers remember
09:31at the siam convention of 2025 it's the union minister for road transport and highways mr nitin
09:37gatkari who has made two major statements today first he's hit back at the critics of the e20 fuel
09:43rollout calling it a paid political campaign against him second gatkari is also revealed that he has
09:49urged the finance minister to consider gst relief for customers scrapping old vehicles and buying new
09:56ones so let's listen in to what he had to say
09:59the e20 program concerning autobiles manufacturing company era and all that we have met the findings
10:11findings to this, there is a whole clarity about it.
10:15In the Supreme Court, it has been very clear and clear.
10:20Now, as you know, the industry and the politics of your industry is also the same as the social
10:25media campaign, the paid campaign, it was against ethanol and it was a political target
10:32for me to do this.
10:33I have also requested the finance minister to the Prime Minister of Finance Mr. Kooli
10:37in terms of what we can think about GST relief on scrapping the old vehicles.
10:49We are also now joined by my colleague Chetan Bhutani to give us more sense as to what exactly
10:58is the thought process when it comes to GST relief on scrapping the old vehicles.
11:02Chetan, what could this move really lead to if it is accepted and what are the issues
11:06and what are the implications that we are looking for here?
11:12Well, Sakshi, you know, we have been seeing that the government's scrappage policy has not
11:16really kicked off as it wanted to be.
11:18The government is now becoming very serious to encourage customers to ensure that consumers
11:22who want to in fact scrap their old vehicles should do more often and should in fact go
11:27to a registered facility to do so.
11:29In order to encourage that, Nitin Gadkari in his speech, as we all heard, has requested
11:34the Prime Minister and made a proposal before the Finance Minister as well that any person
11:39who wishes to scrap his or her vehicle and uses that certificate to buy a new vehicle, a
11:43GST relief should be given on that.
11:45But as of now, what benefits do you get if you scrap your vehicle at a registered facility?
11:50You get a 5% manufacturer discount.
11:52So if you are buying a Tata Motors or a Maruti Suzuki car, OEM will give you a 2-5% discount
11:57depending on the car that you are buying.
11:59Second, you get a road tax concession, Sakshi.
12:01Many states have started to offer road tax concession and registration fees concession
12:05who in fact want to encourage and register more cars and of course utilize that at the facility as well.
12:11So you get 3-4 benefits but there is no tax relief that a consumer gets.
12:15All in all, the government has announced a slew of GST reforms and Gadkari has made the same presentation
12:20or a suggestion rather to say so to the Prime Minister and the Finance Minister that
12:23if a GST rebate or a GST reduction could be done on the swaps that you are already giving,
12:28it could further incentivize and boost the consumer sentiment to scrap their vehicles
12:33and give a more boost to the auto industry as well.
12:36So we will expect if the proposal goes through in times to come, we can expect car prices to go down further
12:41and of course giving a boost to the buying sentiment as well.
12:44Absolutely. Chetan, thanks a lot for getting us all that update.
12:47Cutting back to Mr. Madan now to help us understand how is he looking at the auto sector at large
12:52and all these news flows as to how they are going to be impacting the sentiment, the demand, sales
12:57and if there is any opportunity for investors to look at there as well.
13:00Mr. Madan, so many moving parts here.
13:03Auto sector as we all know has reflected the maximum amount of enthusiasm after the GST rationalization was announced.
13:09Now comes in when the Minister himself is talking about extension of GST relief to those who may be thinking of scrapping their older cars to buy new.
13:19How is that likely to impact in case this move is accepted?
13:22We are given to understand by 22nd of September we are going to be having the initial thought process of whatever has been finalized by the GST Council so far.
13:31But eventually how are you looking at these newer reforms that could be coming in on to the auto space?
13:37Could you give me an outlook on the auto space at large with respect to the entire GST rationalization?
13:54Like you said that enthusiasm, a lot of enthusiasm is already priced in and we have seen a surge in the prices.
14:01So if you are, I mean, if you will continue to catch that enthusiasm and maybe somewhere you get trapped on the top.
14:07So I think what we are suggesting to our clients is, at best, I mean, we should hold the buying at these current levels.
14:14Because I think like you say that news is also priced in and not just priced in, the price reaction also happened.
14:21These are the times when at times you get caught on a, I mean, top of the barrel, which is a very discipline, which is a very important discipline which one should follow.
14:31At best you can go to auto ancillary stocks because there are still pockets of, I mean, the pockets of opportunities are there.
14:40So otherwise, I think new age stocks where consumption will lead, I think GST reforms and the tax reforms, every reform, Sakshi, has a lag effect.
14:49So I would say that the new age stocks and probably the stocks which are consumption themes, which is hotel travel related and probably all these things,
14:57which we are positive about because these are the themes which will emerge.
15:01Like we, I just said that, I mean, the question, the bigger question people ask is,
15:04is that my stock will come and when I will be able to sell my Hurtko, Irada, Irada or PSU stocks or REC or PSU stocks which are stuck.
15:12So my answer is that somewhere you have to take that, you have to bite that bullet and probably the churn is very important.
15:18That is a very courageous move, Sakshi, because anybody, anybody's portfolio,
15:24you have seen unprecedented profits in the past and certainly this last one year they are down and out and lackluster market.
15:31For them to book a loss is very important.
15:33So we say that churning of portfolio at some point in time is very important.
15:37For example, market infrastructure stocks, I mean, led by BSC and many other stocks.
15:42It's been months I am saying that the closure of weekly expires, they were the darling of the exchanges.
15:48They were traders delight, they were investor delight and they have given, I mean, multi-multi-vegar returns.
15:55But if you keep holding them, not realizing that what will be the effect of the closure of multi expires,
16:00these weekly expires, which will lead to something.
16:03I mean, that's where somewhere you have to take that action, which is very important.
16:07So churn of portfolio would be the theme for the next few months because even if, as I said,
16:12that we are going towards new hype at some point of time, which will surely go,
16:16but will the same stocks will take us, which were the heroes of the past, Bulu?
16:20Yeah.
16:21Probably the answer is no.
16:22So heroes of the past, but what will be the hero of the future, Arshu?
16:25Like you pointed out, you know, identifying the heroes is going to be an extremely important step there.
16:30And you can guide all our viewers there.
16:32How are you identifying the next set of heroes?
16:35You lost the audio, Sakshi.
16:37Okay.
16:38Can you hear me now, Ashu?
16:41Okay.
16:42We'll try and connect back with Mr. Madan yet again and see how the connection is sorted out.
16:47In the meanwhile, we'll also highlight for all our viewers when it comes to the entire, you know, IPO space at large.
16:54Remember three IPOs that had opened up sales through in yesterday's trading session alone.
16:59We've actually seen, you know, multiple times of a subscription coming in for urban company.
17:05We've also seen multiple times.
17:07Look, you can actually see urban company up there for you.
17:10Issue size is 1900 crore rupees.
17:12And within the first day, a few hours in trade, we actually saw the company's IPO completely sailing through in trade as well.
17:20Day one subscription for Dave Accelerator has also been pretty sharp.
17:25You can actually see for all the second day as well, most of these IPOs have actually got even further subscription, higher subscription as well.
17:32Upwards of five times, 11 times, six times for many of these IPOs as well.
17:36So there is enough and heightened investors demand as far as the IPO is concerned.
17:41We are going to be connecting back with our shoe to identify between these three IPOs.
17:46What exactly is the opportunity that you could probably look at as well?
17:50Let me also just to go across to see how the markets are trading at this point in time in terms of the IT stocks.
17:56Remember, viewers, we have to keep an eye out on Infosys for that matter.
18:01You know, just today is when we are going to be seeing how Infosys is going to be taking a decision on the buyback.
18:07This is the fifth buyback that the IT company is going to be announcing.
18:13Remember, and the first one in the last three years as what we are going to be seeing as far as Infosys IPO is Infosys buyback is concerned.
18:21Previously, we have actually seen that these companies that these companies have actually performed well are on the announcement of the IPOs.
18:30And we'll have to see whether this new buyback will offer a good opportunity there as well.
18:36But we were talking about the IPO space, so let's move to the IPO debuts.
18:40Urban Company is set to make the listing on the last trade.
18:44And ahead of that, my colleague Abha Vakaya spoke to Abiraj Singh Bhail, who is the founder and CEO of Urban Company, on the company's results.
18:51From back-to-back losses to turning profitable in FY25, Abiraj explains what is driving this turnaround and whether the profitability trend is sustainable.
18:59Let's listen in.
19:01Abiraj, FY25 saw a turnaround from heavy losses in FY23 and 24 to a profit of Rs 239 crores.
19:10How sustainable is this profitability trend?
19:13Abha, so if I talk about the last three financial years, we have gone from about 437 and a half crores in revenue from operations in FY22 to about 1144 and a half in FY25.
19:30And of that 707 crores of incremental revenue that we have added to the top line, we've seen a translation of about 385 crores moving to the adjusted EBITDA, going from negative 373 to positive 12.
19:45And about 540 odd crores in the profit before tax, going from negative 514 to positive 28.
19:54Now, the profit after tax has a deferred tax asset of 211 crores.
19:58I would urge your listeners to ignore that accounting entry because that is taken in lieu of future profitability.
20:07The real profits that the company generated should be seen as a profit before tax level, which is about 28 odd crores, or the adjusted EBITDA, which is about 12.
20:16So you can say more or less the company today is at a breakeven stage, you know, based on about 1144 crores of revenue.
20:25We've generated small profits, but it's turned a corner in our kind of businesses.
20:29Investments happen upfront in technology, training, brand building and customer acquisition, etc.
20:36And once you hit a certain threshold scale, the fixed costs don't grow linearly with top line.
20:42And one can expect a meaningful percentage of the top line and contribution margin flowing into the adjusted EBITDA.
20:53Alright, let's get back to our conversation with Mr. Madan.
20:57You know, you heard out the management of urban company. We've been seeing an increased appetite from investors.
21:03These three IPOs which sales through just in a few hours of coming in as well and more subscriptions flowing in on day two for all the three of them.
21:11What's your sense on these new set of IPOs that are coming in your sense on urban company?
21:16Many of us in the urban cities are now used to of using their services, the formalized household services now.
21:22But given that the company was suffering with a lot of losses for a long time and suddenly turned profitable for FY25,
21:28does it give you that confidence of going for an IPO like that?
21:32Will it create a lot of shareholder value?
21:34There's also this question of a high amount of offer for sales, sir.
21:37Sakshi, if you look at most of the or many or rather a few of the IPOs,
21:43suddenly preceding few years and you'll see last one or two years they get converted into profit and IPOs are coming.
21:51But at the same time, we have to live with this reality that as we were talking about the theme,
21:56that which are the sectors of the stocks which can be the next bull run zero.
22:00So, I mean, that way we have to keep trying with the new age stocks only.
22:03If they fall into the new age bucket, like Eternal, people keep questioning about the pricing or the,
22:08I mean, the valuation which Eternal is attracting.
22:12But at the same time you love it or hate it, but you can't avoid it.
22:15So, I think we have to keep trying with these new age ideas.
22:18And these are the ones which will be the, which can be a next multi-bagger stock.
22:22Obviously, there will be few disappointments here and there, but I think one has to live with it.
22:26And that's where the bigger ideas will emerge.
22:28So, one has to have, one has to keep trying.
22:30So, I think IPO, you don't get much allotment, but all said and done, post listing also,
22:36few of them will be very interesting themes and one has to stick with them.
22:39For couple of years, you never know which one becomes fake.
22:42Okay, got that.
22:44Let me also ask you, Aushreeji, to help us understand, you know, you were talking about identifying the heroes.
22:50So, you know, beyond the kind of, you know, rally that we've seen in the markets thus far,
22:55where the banking stocks have actually largely led with the baton ahead.
22:59How are you identifying the right kind of sectors and the stocks to enter into right now?
23:04Yeah, as I said, for me, the consumption theme, there's a lag effect.
23:08I mean, there were tax reforms, there were GST reforms.
23:11And I think these, both these reforms will lead somewhere to enhance consumption.
23:16And consumption themes could be hotel, could be travel.
23:19And also, we are very positive on hospital business.
23:22I mean, that will continue to thrive, irrespective of any market condition.
23:26But we are little consequence on, I mean, I would say that financials, because there are no fancy incomes now.
23:36If you look at the recent report, the UPI pressure which is on the banks, which is a non-earning product,
23:42and look at the quantum of UPI they are handling.
23:45I mean, NIMS are under pressure.
23:47I mean, so there are no fancy income per se for the banks.
23:52But yes, if the overall market moves, banks could lead the rally only because they have been down and out for the last couple of months.
23:59And they have not participated at all.
24:01And they are defying every logic.
24:03So, I mean, there could be some pressure.
24:06But I think it is better because there will be slow movers.
24:09If you look at the PSU banks also, they are not going anywhere.
24:13I mean, other than the HDFC bank or ICIC bank, which have also taken a breather.
24:18I mean, banks are not performing.
24:20And if you look at the second-run banks, IDFC banks of the world, I mean, they are also not doing anything.
24:26So, I am not too gang-o on banks because they cannot become bigger themes.
24:29You have to identify bigger themes.
24:31I mean, so I think consumption-led theories, which could be non-FMCG.
24:36FMCG has already participated.
24:38Could be the themes which can become big in the next rally.
24:41And any stock ideas that you could share with our viewers now?
24:46I mean, as I said that broad themes would be better consumption hotel, airlines, travel-related, hospital, pharma stocks.
24:54I think they will continue to do well.
24:56Fantastic.
24:57Alright, we also have a viewer question for you, Mr. Madan here.
25:01You know, this is from Himanshu Rawat from Dehradun.
25:04He wants to ask you, as an expert, that can we expect markets to hit fresh record highs by this Diwali?
25:11And if yes, then where should I be investing in early to write the upward rally as well?
25:17Saatchi, I think people who know me, I mean, would not have asked me this question.
25:24Reason being, I don't associate these targets with Diwali or Holi or, I mean, there are 90% disappointments.
25:30So, I don't believe in these targets, Diwali to Diwali.
25:33Then I simply tell them, please rewind last year's interviews of all the Diwali picks and see what are the results of this Diwali.
25:39Let's not associate Diwali and bring in all these Navratras and all these things which people bring.
25:45This is an absolutely different ballgame altogether.
25:47But yes, we can certainly, I mean, timelines you cannot decide.
25:51But the way markets are shaping up and if 25,000, I mean, is held on.
25:56Well, you could see market moving towards 26,000.
26:00But again, if market is moving, Nifty is one direction and the stock's participation is little questionable.
26:06But one should keep hoping.
26:08Okay.
26:09We'll just quickly look at the market closing and come back to you for our conversation.
26:13It's 3.30 right now.
26:1525,005 is where we've ended the day ads.
26:18That means a 32 point of an uptick on the Nifty viewers.
26:21This is the seventh day of gains for the Nifty.
26:23Along with the Nifty, you're also seeing the Nifty bank hovering about two tenths percent higher in trade.
26:28That's where it has shut shop.
26:30You can also look at a lot of sectors that have pulled up in trades today.
26:33Oil and gas was the top moving sector towards the end of the session.
26:36We did see over a percent gains for this one.
26:39Even the PSU banking space that pulled up almost ended with about seven tenths percent of a move on the higher side.
26:45You have Infra, Pharma stock, something that even Ashuji mentioned is he's bullish on about half a percent higher for this one.
26:52But the sectors that continue to see some profit taking were IT, autos and consumer durables at large.
26:59Top movers on the Nifty by the end of the session.
27:01Sriram Finance ending with two and a half percent gains.
27:04Adani Enterprises ending with two and a half percent move.
27:07NTPC Access Bank Power Grid.
27:09Those are the stocks that have moved up in trade on the lower end.
27:12However, when we look at the stocks, look at an infosys that drags now one and a half percent.
27:17Remember right ahead of the board meeting that will continue to help us understand what is the size of the IPO?
27:22How big a size is it going to be?
27:24Whether it's going to be from the open market or through the tender route and all of those details that will be coming in today.
27:30After the market hours, Pajaj Auto, Aisha Motors.
27:33These were the other top tracks from the auto basket.
27:35Hero Moto, Titan and SPI Life were also top tracks right there.
27:39Coming back to Ashuji to understand about, you know, the future outlook.
27:43Since you've been talking about a lot of themes where investors can actually hope to see some outperformance to come in as well.
27:50I also wanted to take your own birthday message for all our viewers out there as well.
27:56As, you know, somebody who's been looking at markets from a, you know, longer length and has seen all the ups and downs and all the cycles.
28:04Therefore, what is the message that you'd like to pass on to all the investors watching you today?
28:09Yeah, I said that I generally, normally my message is that whenever there's a euphoria, that is where somebody has to control.
28:17And if you cannot control, then you should exercise patience during these times also.
28:21This will also pass.
28:22I mean, these are the testing times, which is very important.
28:25I mean, it's easier said than done.
28:27See, having a patience to hold for something for long is not a problem with most of the investors or the clients or the participants.
28:36It is when they see a 30-40% down move on the portfolio.
28:41That is where you need a lot of courage.
28:43And that's the time when the theme which I just mentioned about, that for somebody to sell a loss-making stock is a very difficult decision.
28:53But that is where somebody has to be very open and with experience, with the right advice, churn the portfolio.
29:00I think that's the magic word that Ashu, you have shared with us.
29:05And that's what we're going to be keeping in mind.
29:07Happy birthday once again.
29:08Thank you so much for taking the time out for this conversation.
29:11We're completely out of time on this edition.
29:13But I want to share with all our viewers, how many of you really remember Pokemon cards?
29:18Well, it turns out that it's not just nostalgia, but in hindsight, it could have been a great investment opportunity for many of us who would have missed that.
29:25Certain international news reports have highlighted how a 27-year-old account manager from Ohio has used the profits from Pokemon trading cards to buy a custom engagement ring and funded his wedding as well.
29:38Now, reports have cited data from analytics firm Card Ladder, indicating that since 2004, Pokemon cards have delivered an astonishing over 3800% kind of returns.
29:49Far eclipsing even the Wall Street's S&P 500 index return of 483% over the same period.
29:56Even tech giant Meta, the parent company of Facebook and Instagram, has only gained a lower of 1844% gains since its 2012 debut.
30:06What began as 1996, as a Nintendo franchise, is now a speculative gold mine, luring both nostalgia fans as well as savvy investors at large.
30:20With that, we'll leave you right here, but do stay tuned on to India Today.
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