DSIJ Mindshare

The end to the financial year 2022-23 was quite painful as Nifty lost over 1,500 points in just over 3 months. The domestic market is the one of the most underperforming markets in the world in recent times, which has taken a toll on investors’ sentiment.

The e-bus division has recorded a revenue of Rs 279.4 crore for the quarter ended June 30, 2022, against Rs 23.4 crore for the corresponding quarter ended June 30, 2021, resulting in significant growth of 1,096 per cent mainly due to the supply of electric buses (169 buses in Q1 22-23 against only 11 buses in Q1 2022-23) and higher operating income recorded in the current quarter from Pune bus operations.  

This reminds us of the famous words said by an American economist, who was also, the first American to win the Nobel Memorial Prize in economic sciences, Paul Samuelson. He rightly said, “Investing should be like watching paint dry or watching grass grow”. This can be difficult for some people to digest but having patience is still considered one of the most important factors in generating wealth.