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15 Jul, 5 tweets, 1 min read

Today: GDP projection, IPO Corner, Q1 Results, & more.

The markets closed in the green with Sensex and Nifty both touching all-time highs. Realty, IT, and bank stocks were the top performers.

The Reserve Bank of India on Thursday projected India's FY22 GDP forecast at 10.5%.

Last month, RBI had cut its projection for GDP growth for FY22 to 9.5% from the earlier forecast of 10.5%.

Zomato IPO was subscribed 4.80 times at the end of day 2 of bidding.

The IPO received 345.13 crore shares against an offer size of 71.92 crore shares.

Wipro reported a consolidated net profit of ₹3,242.6 cr for the Q1FY22, up 35.7% year-on-year and 9% quarter-on-quarter.

The company had reported a net profit of ₹2,390.4 cr in Q1FY21 and ₹2,972.3 cr in Q4FY21.

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More from @_groww

Groww

@_groww

18 Jul

In the late 1990s, there were several IPOs (in the USA) that altered how investors viewed stocks.

Not just stocks, it changed what people thought a successful business looked like.

There was an e-commerce company. You might be making guesses as to where this is going.

A successful business was one that was making profits. Simple.

This was the least requirement - up until now.

And then came a slew of tech companies that had a dot-com at the end of their name.

One of these was an e-commerce company.

It had operations in California and was looking to expand its warehouses to all over the US. And therefore, it needed the money from the IPO.

Read 14 tweets

Groww

@_groww

17 Jul

#GrowwQuotient:
Growth investing vs. Value investing
(1/8)

Growth investing vs. Value investing
(2/8)

Growth investing vs. Value investing
(3/8)

Read 8 tweets

Groww

@_groww

16 Jul

Today: IPO Corner - day 3 of bidding, & more

The markets closed in the red today. Realty, metal, and pharma stocks were the top performers while IT dragged the indices down.

#ZomatoIPO was subscribed 38.25 times at the end of day 3 of bidding.

The IPO received 2,751.25 crore shares against an offer size of 71.92 crore shares.

Read 4 tweets

Groww

@_groww

16 Jul

Do you know the connection between the monsoon and the stock market? Let's dive.

(1/6)
#monsoon #investing

Rainy season and stock market:
(2/6)

Rainy season and stock market:
(3/6)

Read 6 tweets

Groww

@_groww

11 Jul

You want to buy a house.

You take a loan from the bank.

The bank asks you, “what if you don’t pay back?”

You say, “take my home and sell it”.

(Thread)

That makes sense. The bank gives you a loan and in case you don’t pay, the bank will take over your house and sell it and recover its money.

That’s collateral.

Banks also lend money to big corporations. With them, banks don’t always have collateral.

So a loan where the bank has collateral is considered safer for the bank.

Read 27 tweets

Groww

@_groww

9 Jul

Today: IPO Corner - GR Infra & Clean Science, & more

The markets closed in the red today.
Metal and realty sectors did well while banks and financial services stocks dragged the markets down.

GR Infra IPO was subscribed 102.58 times at the end of day 3 of bidding.

The IPO received 83.33 crore shares as against an offer size of 81.23 lakh shares.

Read 4 tweets

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