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Adding a few thoughts since people are saying that gold has spiritual value & people would boycott on holy days, which I'm not denying that wouldn't happen:
stock market works on speculations. There is no way of accurately predicting what can happen to a stock price,
1/12 https://twitter.com/Ghrtachi/status/1316415587757760512
stock market works on speculations. There is no way of accurately predicting what can happen to a stock price,
1/12 https://twitter.com/Ghrtachi/status/1316415587757760512
unless a rare event like splitting the shares etc. happens. When big conglomerates like TATA launch a new product, people WILL be inclined to buy stocks & retail investors (regular people like us) will be interested to get a share as we too would like to grow money right?
2/12
2/12
Titan shares were on a trend before the fall. This is normal market behavior. The reason for that fall CAN be because of the outrage. In fact a 2.5% fall isn't even a fall. Indian stock markets halt trading when the index plunges more than 10%, below the lower circuit limit
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A circuit filter band of upper and lower limits within which a benchmark market index can fluctuate on a particular day. These are regulatory mechanisms put in place in stock markets to temporarily halt trading on an exchange to curb panic-selling.
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The index cannot fall below the lower limit or climb above the upper limit. These filters restrict extreme price movement and curb price manipulation to a certain extent by stock operators. The filters also protect investors from extreme price fluctuations.
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5/12
And index is an indicator in finance, which refers to a statistical measure of change in a securities market. In the case of stock markets, stock indices consist of a hypothetical portfolio of securities representing a particular market or a segment of it.
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6/12
The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.
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The other one is Bombay Stock Exchange SENSEX, which is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange. USA has NASDAQ, S&P500, Japan has NIKKEI etc.
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Titan is among the companies included under the NIFTY50 index and it is a stable large cap company. Do you see that a company like Titan would not go down easily unless something really really drastic happens (a temporary consumer boycott isn't that drastic)?
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9/12
What changes stock prices? Institutional Investors. They can buy crores of shares at one go. A retail investor (regular people like us) wouldn't match that unless something drastic happens. A couple of days of online rage is hardly anything.
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Do you think Institutional Investors would sell Titan shares because of a 2.5% drop? Pfft, please! Kindly, read on banking in India. It has been nationalised with tax money. Those banks and Chinese banks etc. are giving loans to large cap companies like TATA too
11/12
11/12
What I'm saying is that the boycott needs to be consistent so that shareholders lose trust in the brand. Do you think a crappy ad will have an effect? Lastly, I'm telling Hindus to start to think long term, example below. Some things to consider.
https://twitter.com/Sandeepba8/status/1316575593064923137?s=20
12/12
https://twitter.com/Sandeepba8/status/1316575593064923137?s=20
12/12
