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During the five trading sessions ending June 13, the Sensex dropped 1.30% or 1,070 points, settling at 81,119. The index closed lower on three of those five days. However, amid the broader market weakness, 11 BSE 500 stocks recorded gains in all five sessions. (Data Source: ACE Equity)
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Spicejet announced a significant profit increase for the March quarter. The airline's standalone profit after tax rose 173% YoY. This marks their highest ever quarterly profit. Spicejet also reported a full-year net profit after seven years. Improved yields and cost optimization drove the growth. The company's Chairman, Ajay Singh, expressed confidence in Spicejet's sustainable growth.
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While chasing high investment returns is tempting, consistently saving more proves more effective for wealth accumulation. Anjali, prioritizing savings, surpasses Rahul, who focuses on high-return investments, over time. Increasing savings, especially early on, offers greater control and impact than solely relying on market performance. Automating savings and leveraging strategies like Top-Up SIPs can significantly boost financial growth.
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