Recently, US President Donald Trump announced a trade deal with India. The US President clearly stated in his Truth Social that a trade deal will be signed between India and America very soon. Washington DC is preparing to reduce the 50 percent tariff on New Delhi to 18 percent. After such a statement by the American President, the stock market went up. The stock prices of several Indian companies jumped (Stock Market). That list also includes the stock of textile products manufacturer Phrase Three. This stock hit the upper circuit for two consecutive days.
This stock can give more returns than gold
US President Donald Trump imposed a 50 percent tariff on India in two phases on charges of buying oil from Venezuela and Russia. As a result, the Indian textile sector was under considerable pressure. However, just as the tangle of India-US relations is about to unravel after the US President’s new statement, the Indian textile sector is about to get a lot of relief. And based on that formula, the stock of the Indian company Phrase Three rose in the stock market.
In the last two days, the share price of this textile company hit the upper circuit. As a result, investors saw a profit. Let us say that today, i.e. on Thursday, the stock price of this company reached 540 rupees, but finally its price came down to 516 rupees before the stock market closed. However, several experts believe that if the stock market gains momentum in the coming days, this stock will fill the pockets of investors. Phrase Three’s stock can give more returns than gold. Needless to say, gold has become a very precious metal in India in recent years. This yellow metal has given unimaginable returns in a short period of time.
See also –Why You Should Not Wait for OPPO Find X9 Ultra? Top 3 Alternatives Already Available in India
It goes without saying that experienced investor and stock market expert Ashish Kacholia has a stake in Phrase Three. Several foreign brokerage firms are also putting their faith in the stock of this textile company. They also claim that this stock can create a storm in the stock market in the coming days. This stock can give bigger returns than gold.
(Note: Investing in the stock market is subject to financial risk. Do not invest in any stock just by reading this report. This news is mainly prepared to convey information related to the stock market to the readers. Take expert advice before making any decision regarding employment.)
Avijit
A digital media professional with 4 years of experience, skilled in online content creation, media and information work, his goal is to regularly bring updates on government projects, scholarships and jobs to his readers.
Related Stories
Business
Business
India
India
Business
latest news
Business
Business