Ravi Jadhwani’s edobo Makes a Strong Statement at the Golden Glory Awards 2021 Presented by Brands Impact

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When it comes to standing out of the crowd through sheer quality of service delivery, there are very few businesses like edobo in the current landscape, and the venture has proved this by its stellar performance at the Golden Glory Awards 2021 presented by Brands Impact. The exciting new start-up that is pioneering a new-age revolution in the eCommerce grocery and households’ industry was the exclusive Food Partner at the Golden Glory Awards ’21 and proved to be a huge success.Malaika Arora felicitating Saisha Jadhwani (Board of Director at edobo) and Ravi Jadhwani (CEO & Founder, edobo)Brands Impact executed the second edition of Golden Glory Awards after two years. These awards are meant to acknowledge and bring forward the extraordinary journeys of individuals, professionals & companies that are embarking upon the path of glory and success with their remarkable achievements.Among the winners were several eminent personalities Sangeeta Bijlani (Timeless Beauty), Esha Deol Takhtani (Actor turned Producer), Divya Dutta (Best Actor in Lead Roles), Tanisha Mukherjee (Outstanding Debut on OTT), Mona Singh (Versatile Actor), Aditya Narayan (Most Loved Reality Show Host), Urvashi Dholakia (Iconic TV Actor), Sayani Gupta ( Best New Age Female Actor), Erica Fernandes (Style Diva), Shama Sikander (For Advocating Mental Health), Aditya Seal and Anushka Ranjan (Most Admired Offscreen Celebrity Couple), Adah Sharma (Most Loved Female Celebrity on Social Media), Rasika Duggal (Most Loved Female Lead Actor on OTT Platform), Sarah Jane Dias (Most Stylish Glamour Icon), Mukesh Rishi (Most Versatile Actor in Supporting Roles), Anubhav Singh Bassi (Youth Icon) and Malvika Raaj & Sonaakshi Raaj (Most Stylish Sister Duo).Speaking on their experience at the Golden Glory Awards 2021, CEO and Managing Director of edobo Ravi Jadhwani said, “It was our pleasure to be a part of Golden Glory Award 2021 and partner with the team Brand Impact as a food partner in their journey. Unlike other eCommerce providers, we ensure that each of our products is UV-sanitized and kept up to 99.9% bacteria free. This ensures extended shelf life for our products and high-quality safety standards for our customers.”The pioneering business leader had founded the now successful start-up from scratch. Despite the road not being easy, it was Jadhwani’s dedication, passion and vision that helped his company and the team sail through all odds. Today, edobo manages to stand out of the crowd due to one significant edge – they not only home deliver all essentials within hours but also ensure that all their products maintain high standards of safety and hygiene from the get-go, in line with their motto “Sanitized – Sealed – Delivered”!Each item in their inventory is handpicked for the highest quality and carefully UV-sanitized to ensure maximum safety in these unpredictable pandemic times. And yet, the products at edobo are both pocket-friendly and diverse. With the help of an easy-to-use mobile-optimized website and smartphone application interface, the company ensures a smooth and seamless shopping experience for its growing community of buyers across 120+ pin codes.Another attribute that quite sets the venture apart is its thoughtful design to adapt to new challenges, be it lockdown-induced changes to supply chain management and logistics, or remote work.

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India