A new Financial Year is starting and I will set some new FY Resolutions. I covert them into ACRONYMS so that it’s easy to remember. If you like the concept, feel free to use it 🙏

#Resolution #FY24 time .

What were my resolutions last year ?👇🏻

#Journaling

https://twitter.com/MadAboutStocks_/status/1509781394763182086

https://twitter.com/madaboutstocks_/status/1637706501417746435

FY23 Resolution was coined as IDFC 😀

#IDFC #Resolutions #FY23

Now in FY24 I am extending that Resolution, no points for guessing what’s the ACRONYM, yes it’s FIRST 😎

So what’s FIRST for FY24 ? 👇🏻

#Resolutions #FY24

https://twitter.com/madaboutstocks_/status/1637706501417746435

#FIRST

F : FIX your PFC*💰
I : INVERT, Always Invert ‼️
R : Return Of Investment > RETURN on Investment 🍀
S: You can’t do the SAME things others do and expect to outperform. 🤡
T: Timing, Not me . TIME in the Market🎯
*PFC stands for Prepare for Crash (read 20%)

#FY24

Read 4 tweets

Sahil Sharma

@sahil_vi

#Idfc first bank is something else entirely.
They reduced savings account rate to 4% around April 30 & yet the casa money continues to flow! Understandably some of it would have converted to TD (not given in current press release) but while several large banks casa has contracted

Idfc first casa has grown. Even average casa ratio has grown.

Look at hdfc bank casa as an example.

Disc: this is not a buy or sell reco, I am biased and invested

Read 4 tweets

Sanju Verma

@Sanju_Verma_

#ICICIBank to raise capital;Last time it raised capital was 20000Cr,in 2007

Capital Raising in 2020👇

#SBI to raise 20000Cr
#BoB,13500Cr
#AxisBank,15000Cr
L&T Finance,2000Cr
#HdfcLtd to raise 14000Cr

#KotakMahindraBank has already raised 7442.5Cr,#IDFC,2000Cr&JM Finance,770Cr

#IndianBanks are expected to raise between $20-$50bn in 2020

#Fitch says,Indian banks need about $20bn,with PSBs alone needing $13bn

Capital raising by Banks is hence great news,as it will boost #CAR& bring down rising credit cost from bad loans,in aftermath of #COVID

#Banks

@narendramodi

Various measures by @narendramodi govt in last 6yrs have empowered Indian Banking

14000Cr to be raised by #HdfcLtd for example,will be for inorganic growth opportunities

#HdfcBank for June qtr,saw 21% growth in advances,25% in deposits,with #Casa@ 40%

Banks,looking healthier💪

Read 8 tweets

Nooresh Merani

@nooreshtech

#TweetStorm - Expensive or deserves to be Expensive ? 1)One thumb rule for screening expensive companies is Market Cap to Sales or Enterprise Value to Sales. A 10x or more is generally expensive unless the company can grow sales rapidly or has extremely high Net Profit Margins.

2)Another way to look at expensive is if the Market Cap is equal to the Total Sales of the Addressable Market Size. This would lead to company having to launch different products in the future.

3)May not be the approach to take a Sell Decision or a Short Sell Decision. Very few companies can command such high valuations. Thumb Rule is just to review the investment thesis and the quality of the business. If doubts on quality , get out.

Read 9 tweets

Sumit Verma

@sumitverma29