We have had a huge controversy over raids at Kitex Garments and their subsequent plan to invest ₹3,500 crore (₹1,000 crore initially) in Telangana instead of Kerala.
But what got me interested was the spike in their stock.
While the spike may look huge in a week, their 5 year numbers are not rosy. But their market capitalization is only around ₹1,000 crore, a far cry from the ₹3,500 they are looking to invest.
So, are they looking to borrow or expecting new investors?
2/7
Their investment rhetoric is not new though. They had plans to invest ₹262 crore in 2013, but looked towards other Indian states like Gujarat and Tamil Nadu, and even Sri Lanka and China at the time. 3/7
However, apart from investment in machinery in FY 2013-2014 and in land & building more recently, there hasn't been much of investment in assets to speak of. 6/7
Despite their strength in exports, there is potential for growth, especially on domestic front.
Are they now looking at a domestic pivot, given Telangana is a land locked state?
Or is it just another way of pushing expansion plans for another year down the road?
7/7
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Lucius Tarquinius was born in 6th century BC in Rome. He was the son (more likely grandson) of Lucius Tarquinius Priscus, King of Rome. The time of the Roman Kingdom is semi legendary, but there were written records of Lucius Tarquinius in existence till 2,000 years ago. 1/10
Lucius Tarquinius Priscus, born as Lucumo, was a Greek based in the Etruscan city of Tarchuna, but shifted to Rome. He became prominent in Rome seizing power in 616 BC, when King Ancus Marius died leaving young sons under the care of Tarquinius. 2/10
The Expanse series has somewhat explored the early evolution of a space dwelling species, while the Hyperion Cantos has an entire species that separated from humans to explore the space. 2/2
Wondering if space race will advance if commercial mining of asteroids is opened up.
Jan Sobieski was born in 1629 to Jakub Sobieski and Zofia Danilowiczova. He belonged to the nobility of the Polish-Lithuanian Commonwealth with his father and maternal ancestors becoming the Voivode of various Voivodeships of the Commonwealth. 1/10
Well educated, Sobieski travelled Europe in his early years and took part in the battles the Commonwealth had to deal with, when Jan Kazimierz became King in 1648. He showed good potential for a future military career, though his elder brother, Marek, died in these wars. 2/10
The restriction on number of characters in tweets pose an interesting challenge while writing, but it is fun to toggle between 3,000 word posts and threads with 20 tweets.
Do give your views.
Changing Faces of Colonial Masters – A Look at the Rivalries in Europe and its impact on Colonialism
If you have looked at the progress of the population of humanity in history, you will find a remarkable leap after 1800 AD.
So, what changed in the past 200 years? After all, we have most certainly found deadlier ways to kill more and more people, with bombs and machines. 1/15
Beyond a shift in population from Europe to Africa and the Americas, there hasn't been a considerable change in the proportion of population in these 200 years.
But two other factors have changed substantially in this time period. 2/15
For a long time, roughly one in four infants never made it beyond the age of 1 and roughly one of two humans born never reached adulthood.
Now over 95% of the children reach adulthood.
Life expectancy, which was only around 28 years in 1800, is now around 72 years. 3/15
An unfortunate death leaves a King without an heir. An election gives a new King, one who was never considered for rule. A great nation begins its long slide into obscurity.
Jan Kazimierz Vasa was born in 1609 to Sigismund, King of Poland and Grand Duke of Lithuania, and Konstanza of Austria. He had an elder half brother, Władysław, who was elected the Tsar of Russia in 1610, but his father's Catholicism and Russian Orthodoxy did not match. 1/10
The Polish-Lithuanian Commonwealth was at its greatest extent in 1619, but things were not entirely rosy. Russia had pushed back the Polish after 1613 and elected a new Tsar. While Sigismund was at war with the Ottomans, Sweden invaded Poland capturing Riga and Livonia. 2/10