Discover and read the best of Twitter Threads about #icra

Most recents (4)

#MintPlainFacts | India’s economy appears to have faced hiccups in its recovery trajectory in September as global supply constraints and an upbeat domestic mood resulted in divergent trends.

Read here: livemint.com/economy/indias… Image
#MintPremium | The deterioration was driven by the consumption segment, even as the ease of living segment remained worrisome. In August, the tracker had reported its best performance in five months, with just seven indicators in red.

livemint.com/economy/indias… Image
In a report on 21 October, credit rating agency #ICRA noted that India's recovery had continued into the September quarter as the second covid-19 wave subsided, but turned “multi-speed".

livemint.com/economy/indias… Image
Read 5 tweets
PPFAS AGM 2021 #PPFAS

8th edition.
@PPFAS

1/n
2/n

Soulful music by none other than @VijayKedia1 before the AGM kicks off

check this one: @vijaykedia1 at his best
When will PPFAS will launch a new scheme?

Only if, PPFAS is excited about putting their own money & can add value to investors

Right now, there is no plan to cut any more expense ratio.

#PPFAS
#NewFundoffer? nops
Read 63 tweets
#RBIPolicy at 12pm today,is likely to keep status quo on #REPO rate, which was last lowered by 40bps in May 2020,to 4%

In 2020,REPO cut by a total of 115bps

In 2019 REPO cut by 135bps

What may weigh on #MPC's mind is #Inflation,which was 6.09% in June 2020 Vs 5.84%,in March'20
Some like #ICRA predicting 25bps REPO cut,saying #RBI may want to be ahead of the curve,despite build up of inflationary pressures

Well,10 Yr #BondYield was 5.83% y'day

Today 10 Yr@5.84%--Bond markets are clearly not expecting rate cut

#REPO at 4%,is already lowest in 20yrs
As expected, #RBIPolicy leaves #REPO& Reverse REPO unchanged

Right thing to do,as further reduction in rates at this stage, would have distorted #YieldCurve

Already,3 month #MCLR of #SBI is 6.65%& 1 yr at 7%

#MonetaryTransmission is happening,so more cuts not needed currently
Read 5 tweets
#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

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!