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<ul class="summary-list"><li>Warren Buffett's Berkshire Hathaway bought Domino's Pizza and Pool Corp. stock last quarter.</li><li>Buffett loves fast food and already owns distribution businesses, making the pair a natural fit.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/how-warren-buffett-spends-money-net-worth">Warren Buffett</a>'s Berkshire Hathaway added Domino's Pizza and Pool Corp. to its stock portfolio last quarter, a regulatory filing <a target="_blank" class="" href="https://www.businessinsider.com/warren-buffett-berkshire-hathaway-dominos-pizza-pool-corp-stock-portfolio-2024-11">revealed</a> on Thursday. The pizza chain and swimming pool specialist seem like good fits.The famed investor's conglomerate bought nearly 1.3 million shares of Domino's, a 3.7% stake worth $549 million at the end of September. Berkshire also purchased a 1.1% position of Pool Corp, worth $152 million at the quarter's close.Domino's shares jumped 8%, and Pool Corp. shares jumped 6% after the news came out on Thursday as the "<a target="_blank" href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-ulta-beauty-heico-apple-stock-portfolio-2024-8">Buffett Effect</a>" spurred other investors to buy them.It's worth noting that one or both of Buffett's investment managers, Ted Weschler and Todd Combs, were <a target="_blank" class="" href="https://www.businessinsider.com/todd-combs-and-ted-weschler-2014-3">likely behind</a> the stock picks given their small size relative to Berkshire's $266 billion US equity portfolio.<h2 id="3fc5b5d1-04ef-46f4-b033-2fe0114d1501">Slice of the pie</h2>As value investors, Buffett and his team specialize in <a target="_blank" class="" href="https://www.businessinsider.com/warren-buffett-cash-pile-berkshire-hathaway-stock-portfolio-crash-recession-2024-11">bargain hunting</a>. Domino's stock has skyrocketed more than 40-fold since the start of 2010, and traded north of $530 in late June — not far off its all-time high of around $560. Yet its price tumbled to around $400 by mid-July and remained depressed for the rest of last quarter, offering a buying window for Berkshire.Buffett <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-dream-business-is-sees-candies-2019-7">prizes brands</a> because they foster loyalty, enabling businesses to raise prices without losing customers to rivals.The 94-year-old Berkshire chief is a <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/warren-buffett-diet-mcdonalds-coke-junk-food-soda-ice-cream-2023-4">junk-food fanatic</a> whose company already owns businesses like Dairy Queen and counts Coca-Cola and Kraft Heinz among its largest stock bets. Domino's fits well among those kinds of names.One of Domino's key strengths is that it controls costs and boosts profit margins by licensing its brand to franchisees and then collecting fees and royalties.The company also charges them for food, equipment, and supplies, and takes a cut of their sales to fund advertising campaigns. Company-owned stores generated just 8.4% of the $4.5 billion in revenue last year.<h2 id="0583ac2c-58af-453e-a24c-d39b4038089e">Taking the plunge</h2>Pool Corp. shares dropped under $300 in early July, well below the $570-plus peak they touched in November 2021, which may have prompted Berkshire to buy in.The wholesale distributor of swimming pool equipment, parts, supplies, and related products generated $5.5 billion in net sales and $523 million in net income last year, sharp declines from the previous year.Berkshire owns numerous construction-related businesses, including Clayton Homes and Acme Brick. Buffett and his team are also deeply familiar with the industry, given Berkshire's ownership of McLane, a wholesale distributor.The result is that Pool Corp. sits firmly within <a target="_blank" href="https://www.businessinsider.com/warren-buffett-berkshire-hathaway-lifestyle-discipline-compounding-investing-william-green-2021-9">Buffett's "circle of competence,</a>" which he keeps in mind to ensure that he only invests in things he understands.Neither Domino's nor Pool Corp. classify as cheap on a price-to-earnings basis. But with the wider stock market hovering at all-time highs, they might be the next best thing to a bargain.Both seem to fit the Berkshire mold of unassuming businesses.Delivering pizzas and pool supplies isn't glamorous or innovative, but staid companies are often underappreciated by the market. They tend to trade more cheaply than flashier, tech-driven companies and are typically less volatile and vulnerable to market routs.The positions are so small that Buffett is unlikely to address them in any public appearances. That leaves it to investors to discern whether Berkshire has bought some gems or scooped up a couple of duds.

Warren Buffett's company just bought into Domino's Pizza and Pool Corp. Here's why both bets make sense.

<ul class="summary-list"><li>As fears over economic volatility and deficits grow, investors and central banks are buying gold.</li><li>Gold is often seen as a safe-haven asset among investors.</li></ul>Now is looking like a golden opportunity to <a target="_blank" class="" href="https://www.businessinsider.com/personal-finance/investing/how-to-invest-in-gold">invest in gold</a>.For decades, the yellow metal has been considered a safe-haven asset, serving as a hedge against high inflation and economic uncertainty due to its low correlation to stocks and bonds.And there's certainly no shortage of economic uncertainty right now. The US presidential election is right around the corner, inflation concerns remain elevated, geopolitical tensions are high, and the US national debt is reaching untenable levels.Investors and central banks alike have been snatching up gold. The asset's price hit another record high earlier this week at $2,739.40 per ounce after rising over 30% this year, and some analysts are setting a price target of $3,000.Investing in gold is slightly different from putting money into stocks or bonds. Below, two gold experts share four ways investors can add gold to their portfolios.<h2 id="f6498d65-9f43-415b-a374-53643e6db3e3">4 ways to invest in gold</h2>For starters, investors can purchase the metal directly.You can buy gold coins online. You can buy gold bars at Costco. Those strip mall stores with a big "We Buy Gold" sign? You can buy gold there, too.Buying the physical commodity is a tangible way to invest in gold, but it does have some drawbacks. Jeff Muhlenkamp, portfolio manager at Muhlenkamp &amp; Company, points out that there are transaction costs when buying directly from a gold dealer. The investor also has to ensure the gold is certified regarding purity and weight. Buyers must also consider secure storage solutions and insurance for their physical assets.In general, physical gold is a less liquid way to own the asset and is quite costly. "Most of the time when people go and buy gold coins, they'll pay a big premium upfront, and they'll probably suffer a discount when they come to sell at the end," George Milling-Stanley, chief gold strategist at State Street Global Advisors, said.Investors can avoid the complications of investing in bars and coins by buying a gold ETF instead.Physical gold ETFs can be bought through a brokerage account and are directly backed by gold bullion held in bank vaults, meaning that investors don't have to worry about storage or liquidity issues. Examples include the iShares Gold Trust fund (<a target="_blank" href="https://markets.businessinsider.com/etfs/ishares-gold-trust-us4642852044?miRedirects=1">IAU</a>) and the SPDR Gold Shares fund (<a target="_blank" href="https://markets.businessinsider.com/etfs/spdr-gold-shares-us78463v1070?miRedirects=1">GLD</a>).Synthetic gold ETFs don't hold physical gold, investing instead in gold derivatives such as futures and options. These ETFs can be cheaper than physically backed ones since they don't need to store the metal, but they have counterparty risk, or the risk of loss from a contract participant not fulfilling their obligation. Examples include the SPDR Gold MiniShares Trust (<a target="_blank" href="https://markets.businessinsider.com/etfs/spdr-gold-minishares-us98149e3036?miRedirects=1">GLDM</a>) and the ProShares Ultra Gold fund (<a target="_blank" href="https://markets.businessinsider.com/etfs/proshares-ultra-gold-us74347w6012?miRedirects=2">UGL</a>).For investors who want to get as close to the real thing without buying bars, physical gold ETFs tend to track changes in the price of gold more accurately than synthetic ones, Muhlenkamp said.Mining companies are another option for more indirect exposure. These can vary wildly in risk, so Milling-Stanley advises that investors approach these stocks with discretion. The multi-billion-dollar market-cap mining companies offer the most liquidity and stable business models. Smaller mining companies, known as junior miners, are in the exploration phase of looking for mineral deposits and might not be generating revenues, Muhlenkamp said.Mining stocks are less directly correlated with the price of gold than ETFs and may lag trends in gold prices by several months, Muhlenkamp said.In Milling-Stanley's opinion, investing in mining stocks instead of directly investing in gold erodes some of the metal's portfolio protection, as mining stocks behave more in line with the general equity market.This area of investment is definitely higher in risk, but if enthusiasm for gold continues to surge, more speculative mining stocks will enjoy the biggest upside, according to Muhlenkamp.Examples of mining stocks include Agnico-Eagle Mines (<a target="_blank" href="https://markets.businessinsider.com/stocks/aem-stock">AEM</a>) and Newmont Mining Corp (<a target="_blank" href="https://markets.businessinsider.com/stocks/nem-stock">NEM</a>).Gold royalty and streaming companies are yet another way to add gold to a portfolio. These companies finance gold mines and receive a percentage of the gold produced.Royalties limit the holder's exposure to the risks associated with directly investing in mines, such as exploration, development, and regulatory compliance. Royalty and streaming companies are a good way to gain exposure to junior mines but still retain liquidity, especially for investors who don't have the ability or resources to conduct due diligence, Muhlenkamp said.Examples of gold royalty companies include Franco-Nevada (<a target="_blank" href="https://markets.businessinsider.com/stocks/fnv-stock">FNV</a>) and Wheaton Precious Metals (<a target="_blank" href="https://markets.businessinsider.com/stocks/wpm-stock">WPM</a>).

4 ways to add gold to your portfolio as investors pile in and send prices to record highs  

<ul><li>At 7:49 am, the SGX Nifty was trading 0.19% higher, indicating a positive start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amid the mixed cues from the global market, the Indian stock market is likely to open on a cautious note. At 7:49 am, the SGX Nifty was trading up 0.31%, indicating a green start for Nifty50. The US stocks ended the Tuesday lower as investors awaited further stimulus. The Dow Jones Industrial Average closed 0.48% lower; whereas the S&amp;P 500 was down 16 points on Tuesday. The picture across Asia this morning is positive on the back of encouraging PMI data. These are the stocks to watch out for during the trading session on September 30: HDFC National Company Law Tribunal, Mumbai, has sanctioned the scheme of amalgamation for the merger of HDFC ERGO Health Insurance into HDFC ERGO. The shares of HDFC ended 2% higher yesterday. Future Enterprises Kishore Biyani-led Future Group company, Future Enterprises, reported a fresh default on interest payment of non-convertible debentures (NCDs) on Tuesday. In a stock-exchange filing, the company said it had defaulted on interest payment of ₹16.11 crore for a gross principal amount of ₹332 crore. This is the third default in at least one month. This may also move other Future Group stocks such as— Future Retail, Future Lifestyle Fashion, Future Consumer Limited, among others. The shares of Future Enterprises ended 5% higher yesterday. Indiabulls Housing Finance One of the leading private sector mortgage lenders, Indiabulls Housing Finance, raised another ₹630 crore by selling a part of its stake in UK-based bank Oak North to Toscafund Asset Management. The shares of Indiabulls Housing Finance ended 2.2% lower yesterday. PVR Limited The board of cinema giant PVR will meet on October 5 to consider the proposal of raising funds via non-convertible debentures. The shares of PVR Limited ended 2.2% lower yesterday. Vodafone Idea Vodafone Idea will seek shareholders’ approval to raise the borrowing limit to ₹1 lakh crore at the annual general meeting (AGM) today. The shares of Vodafone Idea ended 6% lower yesterday. Welspun Corp Welspun Corp has received multiple orders worth nearly ₹1,400 crore. Currently, the company’s total order book is valued at approximately ₹6,300 crore. The shares of Welspun Corp ended 2% higher yesterday. VA Tech Wabag VA Tech Wabag has approved the allotment of 75 lakh equity shares at ₹160 per equity share aggregating to ₹120 crore by way of the preferential issue to Rekha Rakesh Jhunjhunwala, Basera Home Finance, Sushma Anand Jain, and Anand Jaikumar Jain. The shares of VA Tech Wabag ended 0.16% higher yesterday. Mazagon Dock, UTI AMC and Likhitha Infrastructure IPO Today will be day two for Mazagon Dock, UTI AMC and Likhitha Infrastructure IPO. The bid for IPO will remain open until October 1. SEE ALSO: <a href="https://www.businessinsider.in/india/news/amnesty-international-shuts-down-its-india-operations-citing-constant-harassment-from-the-indian-government/articleshow/78380428.cms" data-type="tilCustomLink">Amnesty International shuts down its India operations citing ‘constant harassment’ from the Indian government</a> <a href="https://www.businessinsider.in/science/space/news/after-the-moon-mars-is-getting-laser-reflecting-mirror-to-help-future-landings-on-the-red-planet/articleshow/78385935.cms" data-type="tilCustomLink">After the Moon, Mars is getting laser-reflecting mirror to help future landings on the Red Planet</a>

Top stocks to watch— Future Retail, HDFC, Indiabulls Housing, Vodafone Idea, PVR, Welspun Corp and others

Vodafone Idea, Paytm, Fortis Healthcare, Delta Corp and other hot stocks on January 11

Shares of <keyword id="19956271" type="General" weightage="100" keywordseo="Ola-Electric-Mobility" source="keywords">Ola Electric Mobility</keyword> were in a freefall today, tanking about 4.55% on the NSE and 4.88% on BSE. Today also marked 30 days since the company was listed on the bourses (August 9th), bringing down shutters on the one-month lock-in window anchor investors are mandated to hold stocks for, before deciding to offload 50% of shareholding. Around 18.18 crore shares, or about 4% of company's outstanding shares were eligible for trading in the market post the 30-day lock-in, which hurtled Ola's stock towards Rs 100. While the stock managed to gain some ground later in the day, and was trading at Rs 114.10 when the markets closed today, slightly up from its intraday low of Rs 109. However, it still remained a far cry from its all-time high price of Rs 157.4, which it had hit on August 20th, 2024. Ola Electric, which currently dominates the Indian EV space, debuted on stock exchanges last month, and was looking to raise Rs 6,145.56 crore via fresh issue, along with an OFS (offer for sale) of 8.49 crore equity shares. The IPO was oversubscribed by around 4x. Going ahead, the Bhavish Aggarwal-led startup is also set to face intense competition from fellow EV maker Ather Energy. With its IPO set to hit the markets soo, Ather is looking to raise Rs 3,100 crore via fresh issue, and an OFS of about 2.2 crore equity shares. Per the DRHP (draft red herring prospectus) filed by Ather, its net worth for FY24 stood at Rs 545.9 crore. The remaining 50% of Ola Electric's shares will be eligible for offloading by anchor investors in 60 days from now, or 90 days since the date of allotment. While this event will certainly test Ola's buoyancy in the market, the fact remains that Ola was off to a stellar start days after its listing, when the stock price accelerated to Rs 157.4 on August 20th, 2024. This skyrocketed the company's valuation well beyond that of established Indian 2-wheeler giants like Hero Moto Corp and Bajaj, albeit briefly. In fact, for a small period, Ola Electric Mobility had recorded valuations higher than that of Tesla's. For perspective, Ola's market capitalization, as of today, stood at Rs 50,327.57 crore. Bajaj Auto, which listed on the exchanges in 2008, presently has a market value of Rs 3,02,993.79 crore, while Hero Moto Corp, which was listed in 2003, currently has a market value of Rs 1,14,788.59 crore. However, ever since hitting this peak on August 20th, Ola's prices have only been on a downward journey. However, now that the stock has witnessed a price correction of sorts, the question remains- has Ola corrected enough, or are we still in for further downside? As per SEBI registered Investment Advisor Gaurav Goel, Ola continues to trade in the expensive zone despite recent correction. "The recent mercurial rise in the stock has been more on the promise it holds for the future. It is the largest <keyword id="23099550" type="General" weightage="20" keywordseo="E-Scooter-Manufacturing" source="keywords">E-Scooter Manufacturing</keyword> company in India, with 31% market share in the E2W sector, selling 3,29,618 scooters in FY24. Recently, it also forayed into the motorcycle segment with several new “Roadster” models at an attractive pricing. It is building an Ola Gigafactory for cell production in Tamil Nadu, and a Battery Innovation Centre in Bangalore", Goel explained. "However, we feel that despite attractive future plans, the stock is currently overpriced. Despite rising revenues, we need to see how quickly it is able to translate widening losses into profits", he continued. <h2>Gaping holes, take a long-term approach </h2>It is hard to overlook the wide, year on year losses that the company continues to incur. As of March 2024, the company had racked up an operating loss of Rs 1,266 crore. Per its Q1FY25 financials, the company's losses before taxes during April-June 2024 grew to Rs 347 crore, up from Rs 267 crore in the year-ago period. The company's cash flows from operating activities continued to be in red, rising from Rs 2,520.25 crores in March 2021 to Rs 15,072.71 crore as of March 2023. Generally, if a company is regularly registering negative cash flows from its primary, operational activity, it is a troubling sign, indicating that the company is spending more than what its making. Ola continues to rack up major losses in its cell business, which reported a loss of Rs 5 crore in Q1FY25. The segment's operating expenses, however, doubled from Rs 11 crore in Q1FY24 to Rs 22 crore in Q1FY25. Per Agrawal, the indigenously developed 4680 Bharat Cell, which will be integrated in all Ola vehicles starting Q1FY26, will help in bettering the company's profit margins, given that cells constitute around 30-35% of overall vehicle's cost. Which is why experts suggest not to buy into any short-term euphoria surrounding the stock, and instead, opt for a long-term approach. While there is scope, it is largely unchartered waters, which will have to face the tides of multiple market volatilities and cycles, before it starts to generate sustainable, significant returns. Goel believes that while the new vehicle segment is a good space to enter, the competition here is going to be stiff. Customer actual response in terms of sales is yet uncertain. "We recommend a buy on dips on this stock. An entry level of Rs 100 would be good point for purchase. It should be kept for the long-term, for a period of at least 3-5 years for realization of its potential"

Shares of Ola Electric have tapered down from their record-highs. Is this a good time to buy in?

<ul class="summary-list"><li>MicroStrategy is the latest company to announce a 10-for-1 stock split as its shares hit $1,340.</li><li>Record-high prices for stocks popular with investors have driven a stock-split boom this year. </li></ul>It's been a big year for stock splits. <a target="_blank" href="https://markets.businessinsider.com/stocks/mstr-stock?miRedirects=1">MicroStrategy</a> became the latest company to announce a split on Thursday, with a 10-for-1 share split set to go into effect in early August as its shares hover around $1,340.Other major companies that have implemented stock splits or announced plans to do so this year include <a target="_blank" href="https://markets.businessinsider.com/stocks/nvda-stock?miRedirects=1">Nvidia</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/wmt-stock?miRedirects=1">Walmart</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/avgo-stock?miRedirects=1">Broadcom</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/cmg-stock?miRedirects=1">Chipotle</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/wsm-stock?miRedirects=1">Williams-Sonoma</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/ctas-stock?miRedirects=1">Cintas</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/sony-stock?miRedirects=1">Sony</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/lrcx-stock?miRedirects=1">Lam Research</a>, and <a target="_blank" href="https://markets.businessinsider.com/stocks/tpl-stock?miRedirects=1">Texas Pacific Land.</a>So, why are so many firms splitting their stock? Simply put, they want to attract more investors. Many stocks that split this year are household names, like Nvidia, which has become nearly synonymous with AI. The pricier and more popular the stock, the more likely it is to split, one expert said. "The market is up — a lot — and the most popular stocks among individual investors are among those leading the charge. The rise in the market means that more stocks are now expensive enough to justify a split while the popularity with individuals is what prompts managements to consider splits," Interactive Brokers chief strategist Steve Sosnick told Business Insider. "Frankly, if a stock has little interest from individuals, then there is little reason for a company to consider splitting."As to which stocks could be ripe for a split, Sosnick pointed to a handful of names trading above $500 a share as potential candidates. He highlighted companies like <a target="_blank" href="https://markets.businessinsider.com/stocks/azo-stock?miRedirects=1">Autozone</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/meli-stock?miRedirects=1">MercadoLibre</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/lly-stock?miRedirects=1">Eli Lilly</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/klac-stock?miRedirects=1">KLA Corp</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/nflx-stock?miRedirects=1">Netflix</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/intu-stock?miRedirects=1">Intuit</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/adbe-stock?miRedirects=1">Adobe</a>, and <a target="_blank" href="https://markets.businessinsider.com/stocks/meta-stock?miRedirects=1">Meta Platforms</a>. According to <a target="_blank" href="https://markets.businessinsider.com/stocks/bac-stock?miRedirects=1">Bank of America</a>, stock splits can be rocket fuel for prices. "Average returns one year later are 25% vs. around 12% for the broad market. Splits seem to be bullish across market regimes, something management teams might consider if shares look too expensive for buybacks," Bank of America <a target="_blank" href="https://www.businessinsider.com/stock-splits-are-bullish-high-priced-sp500-stocks-next-nvidia-2024-5">said in a note in May.</a><div type="image" title="Stock splits are bullish" height="507" width="783" msid="111669487" hostid="261" sizebytes="25064"></div>But according to Sosnick, stock splits can also have a "buy the rumor, sell the news" impact on the share price, at least in the short term."Because they don't change the underlying value of the company, it is not uncommon to see a run-up in advance of the split, then a sell-off when no new demand arrives. [Chipotle] is a good recent example of this," Sosnick said.Shares of Chipotle have dropped 12% since its shares split 50-for-1 in late June. It represented one of the largest stock splits in the history of the New York Stock Exchange.

Stock splits can be rocket fuel for a company's shares. Here's who could be next.

UltraTech Cement, Grasim, Adani Enterprises, Kotak Mahindra Bank among top Nifty gainers this week

Sun Pharma, Delta Corp, TCS and other stocks to watch out for on May 28

<ul><li>At 9:01 am, the BSE pre-open was trading 0.23% higher, indicating a positive start for the Indian benchmark index. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to open on a higher note on Monday, led by positive cues from the Asian markets. At 9:01 am, the BSE pre-open was trading 0.23% higher, indicating a positive start for the Indian benchmark index. Other Asian peers were trading in the positive territory as well — the SSE Composite Index was up 0.18%, SGX Nifty gained 0.52%, and the Hang Seng Index was up 22 points. These are the stocks to watch out for during the trading session today:Power Grid The board of Power Grid Corporation of India in its meeting held December 12 approved the payment of an interim dividend of ₹5 per equity share of ₹10 each for the financial year 2020-21. The interim dividend will be paid to the members on January 8. The share price of Power Grid closed 0.26% higher on Friday. Future Retail Reliance acquired Future Retail’s hypermarket chain Big Bazaar⁠— a deal <a href="https://www.businessinsider.in/business/news/future-retail-reliance-deal-bse-to-consult-sebi-after-amazons-request-heres-all-that-has-happened-so-far/articleshow/78949099.cms">challenged by Amazon</a> in Indian court⁠— is planning to open 16 more stores to take the overall count to 300 over the next three quarters. The Future Group firm, as per its expansion strategy, is expanding into the smaller tier-II cities in India, which is less impacted by the pandemic and has aspirations and an emerging consumption class. The share price of Future Retail closed 0.89% higher on Friday. Cipla Cipla on Friday announced the settlement of its patent litigation with a Bristol Myers Squibb (BMS) subsidiary on Revlimid, a drug for blood cancer. A wholly-owned subsidiary of Celgene, BMS has agreed to provide Cipla with a license to manufacture and sell certain limited volumes of generic lenalidomide drugs in the US. The share price of Cipla closed 0.88% lower on Friday. KEC International The global infrastructure major has secured new orders worth ₹1,438 crore across its various businesses. The share price of KEC International closed 0.77% lower on Friday. Delta Corp Delta Corp informed exchanges that it had received approval from the Goa Investment Promotion and Facilitation Board to set up an integrated resort consisting of hotels, convention centre, multiplex cinema, retail facilities at Pernem, Goa. The share price of Delta Corp closed 2.7% higher on Friday. Yes Bank and Sical logistics Yes Bank has sold 2.56% of the total equity in Coffee Day group-owned Sical logistics. The share price of Yes Bank closed 5% lower on Friday. Central Bank of India The capital raising committee of the Central Bank of India has approved the proposal for raising capital funds up to ₹500 crore. The share price of the Central Bank of India closed 0.33% lower on Friday. Adani Power Adani Power on Saturday said electricity regulator Maharashtra Electricity Regulatory Commission (MERC) had passed two orders, which would enable its arm APML to claim revised compensation of higher coal from Maharashtra Electricity Distribution Company Ltd (MSEDCL). The share price of Adani Power closed 5% lower on Friday. Burger King India The shares of Burger King India will hit the bourses today. The shares will be listed on both BSE and NSE. The grey market premium suggests an upside of 85% over the issue price band set at ₹59-60. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/huawei-reportedly-worked-with-4-additional-companies-to-build-surveillance-tools-that-track-people-by-ethnicity-following-recent-revelations-that-it-tested-a-uighur-alarm/articleshow/79712815.cms" data-type="tilCustomLink"> Huawei reportedly worked with 4 additional companies to build surveillance tools that track people by ethnicity, following recent revelations that it tested a 'Uighur alarm'</a> <a href="https://www.businessinsider.in/international/news/an-iphone-factory-in-india-has-erupted-in-violence-over-a-dispute-about-workers-pay/articleshow/79707169.cms" data-type="tilCustomLink">An iPhone factory in India has erupted in violence over a dispute about workers' pay</a>

Top stocks to watch — Future Retail, Power Grid, Cipla, Delta Corp, Yes Bank, Adani Power and others

<ul><li>Digital World Acquisition fell 15% on Monday after <keyword id="11897862" type="UNKNOWN" weightage="60" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> bought <keyword id="11892744" type="UNKNOWN" weightage="60" keywordseo="twitter" source="Orion">Twitter</keyword> for $44 billion. </li><li>Digital World is in plans to merge with former President Donald Trump's social media company, Truth Social.</li><li>"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said.</li></ul>Shares of the special purpose acquisition company planning to merge with former President Donald Trump's social media platform continued their decline on Monday after Elon Musk bought <a href="https://markets.businessinsider.com/stocks/twtr-stock">Twitter</a>.<a href="https://markets.businessinsider.com/stocks/dwac-stock">Digital World Acquisition</a> fell as much as 15% in Monday trades. The decline was sparked early in the morning <a href="https://markets.businessinsider.com/news/stocks/twitter-stock-price-elon-musk-takeover-deal-confirms-financing-bid-2022-4">after a report said Twitter's board</a> of directors were moving closer to Musk on a deal. By Monday afternoon, the deal was made official between Musk and Twitter. Musk <a href="https://www.prnewswire.com/news-releases/elon-musk-to-acquire-twitter-301532245.html">will buy Twitter for $44 billion, or $54.20 per share,</a> which represents a 38% premium to Twitter's closing price on April 1, which was the last trading day before Musk disclosed his 9% stake in the company. The deal will be all cash and it's expected to close by the end of the year.Musk has criticized Twitter on free speech issues and censorship in the past. Under his control, Trump's Truth Social, billed as a free speech alternative to Twitter, would likely be less appealing to both users and investors. Some think Musk's ownership of Twitter will open up the possibility of Trump returning to the social media platform after being banned from it last year."Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated. I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it," Musk said.For Digital World investors, Monday's decline is only the continuation of a months long trend as the stock price moves closer to its SPAC IPO price of $10 per share. Following the announcement of its planned merger with Truth Social last year, the stock briefly spiked to a high of $175. The stock is down more than 77% from those record levels.And <a href="https://markets.businessinsider.com/news/stocks/digital-world-acquisition-stock-price-dwac-trump-truth-social-kerrisdale-2022-4">one hedge fund expects the decline to continue</a>, according to a short report released last week. Kerrisdale Capital believes due to regulatory scrutiny, a deal between the Digital World SPAC and Truth Social won't get done, and that the stock should head back to $10 per share."DWAC's stock has much further to fall given the demonstrably misleading statements in DWAC's registration statement, the status of TMTG's operations at the time the merger agreement was executed, the cast of characters seeking to consummate that merger and those individuals' flagrant disregard for SEC rules and regulations," Kerrisdale said.

Digital World Acquisition falls 15% after Elon Musk buys Twitter for $44 billion

<ul class="summary-list"><li>Donald Trump's social media platform Truth Social is set to go public next week.</li><li>His 60% stake in the company is valued at over $3 billion.</li></ul>Hot on the heels of <a href="https://markets.businessinsider.com/stocks/rddt-stock">Reddit's</a> recent <a href="https://www.businessinsider.com/who-got-rich-reddit-ipo-2024-3">IPO</a>, yet another social media firm is going public this month.Truth Social, a platform developed by former president Donald Trump, has finally <a href="https://www.businessinsider.com/trump-truth-social-merger-going-public-stock-value-2024-3" target="_blank" rel="noopener">secured approval</a> to merge with its shell company <a href="https://markets.businessinsider.com/stocks/dwac-stock">Digital World Acquisition Corp</a>. The firm should make its Wall Street debut as soon as Monday, trading under the ticker symbol DJT.In some form, it's a well-timed market kickoff for Trump, whose approximately 60% stake in the company be worth more than $3 billion. Cashing in those holdings or borrowing against them could ease Trump's financial strains, including legal fees and the <a href="https://www.businessinsider.com/trump-truth-social-how-much-stake-worth-approval-3-2024">$457 appeal bond</a> he faces from a New York civil fraud verdict.The windfall could also close the fundraising gap that exists between him and Joe Biden. The presidential incumbent currently has a <a href="https://www.bloomberg.com/news/articles/2024-03-21/cash-strapped-trump-badly-trails-biden-in-2024-money-race" target="_blank" rel="noopener">trove that is three times bigger</a> than Trump's.Standing in the way is a provision in the merger's SEC filing, which states that Trump is not allowed to sell or borrow against any of his shares for six months. But he <a href="https://www.businessinsider.com/trump-could-sell-truth-social-stock-early-son-friends-board-2024-3" target="_blank" rel="noopener">could very well get a waiver from the company's board</a>, which consists of close allies like his son Donald Trump Jr. and former <a href="https://www.businessinsider.com/gop-congressman-devin-nunes-retiring-reports-2021-12" target="_blank" rel="noopener">Rep. Devin Nunes</a>.But there's a big catch: If Trump chooses to cash out his shares, it could prompt other investors to make a beeline for the exits, sending Truth Social's stock tumbling.After all, many DWAC investors don't appear to be trading on fundamentals, especially as Truth Social isn't reputed for high usage or revenue. Without the merger, its survival has been questioned, having suffered a net <a href="https://www.businessinsider.com/donald-trump-truth-social-loses-tens-millions-dollars-2023-11">loss of $23 million</a> in the first half of 2023.Instead, it's moving more like a meme stock, with Trump's base of retail-trading supporters leading purchases in the company's shares. Historically, holders of meme names have been fickle and not likely to adopt a buy-and-hold strategy, which could put Truth Social on shaky footing if an exodus does transpire."I am proud of all you guys. Now we can sit back and watch the patriots work their magic as $DJT blossoms on the world stage. Enjoy the show!" Social Truth user KookyBar said after the merger, writing in a<a href="https://truthsocial.com/group/dwac" target="_blank" rel="noopener"> forum dedicated to DWAC</a>.But single-day loss of as much as 12% on Friday caused many in the forum to call out short-sellers, corruption, and pump-and-dump traders, highlighting the type of panic that could spread if the stock falls further.DWAC shares are up 120% year-to-date, and closed on Friday around $38. At a price of $40, the newly formed Truth Social entity would be worth more than $5 billion, with Trump owning a majority of the stock.

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