Discover and read the best of Twitter Threads about #pnbhousing

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ULTIMATE GUIDE TO 21 and 200 Moving Average
SUNDAY THREAD đź”–
A trend Following System That will Help You Improve Trading immensely.

RETWEET AND SHARE 🔄
@kuttrapali26 @AmitabhJha3
#stocks #StockMarket
1/n
Moving averages
EMA and SMA
1. Exponential Moving Average (EMA) is similar to Simple Moving Average (SMA), measuring trend direction over a period of time.
2. However, whereas SMA simply calculates an average of price data, EMA applies more weight to data that is more current
2/
21 EMA : SHORT TERM TREND
1. Calculates the Average Price of past 21 days
2. A stock above 21 ema is in strong momentum , which will give pullbacks to 21 ema again and again.
3. Stock above 21 ema should never be shorted so as to stay with the trend
3/n
Read 15 tweets
#PNBHousing #PNB
1/N

Today's announcement abt proposed Caryle led 4K cr investment in the co is against minority shareholders

As a background PNB and Carlyle both owns ~1/3 of the co. and ~10% by GA. (~25% by rest of the public)

FY21 Results for co
pnbhousing.com/wp-content/upl…
2/N
Above results and management con call confirmed that there was no extraordinary stress with the co. Infact it was profitable, adequately capitalized (CRAR >20%) and expected only 75bps of credit cost in FY22
Then what was the need for co. to issue 4K crs at 25% discount to BV
3/N

which gives majority control to #Carlyle without the need to pay for control premium at the cost of minority investors

Original plan of 1800 crs rights issue was the right way to raise capital. Even when RBI didn't give approval to PNB, the co decided to pref allotment
Read 7 tweets

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