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23 Jul, 6 tweets, 1 min read

Today: AGR trouble mounts for Airtel and Vi, Q1 results, Zomato listing, & more

The markets ended in green today. Banks and financial stocks were the top performers.

The Supreme Court of India has rejected the appeal by Vodafone-Idea (Vi), Bharti Airtel and Tata Teleservices in the AGR issue.

The companies had appealed for a correction in the calculation of their respective AGR dues.

Zomato listed at ₹116 per share on the NSE which is a 52.63% premium to its issue price of ₹76 per share.

On the BSE, it listed at ₹115 per share, a 51.32% premium.

The net profit of Yes Bank during the April to June quarter was ₹207 cr. This is a 355.5% jump from a net profit of ₹45 cr during the same quarter last year.

The net interest income (NII) stood at ₹1,402 cr.

The net profit of JSW Steel was at ₹5,900 cr during the April to June quarter. The company has reported a consolidated net loss of ₹582 cr during the same quarter last year.

Revenue from operations was up 145% to ₹28,902 cr.

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Groww

@_groww

25 Jul

Around 1000 years ago, a particular flower was becoming popular in Turkey.

This flower was primarily found in Central Asia. Not in Turkey.

Its appearance was so unique and striking, it caught the attention of the royals of Turkey.

(Thread)

Its name was derived from the Turkish word for turban. The tulip flower.

In the 1500s, the Sultan of Turkey fell deeply in love with the flower. He ordered for the flower to be extensively cultivated to decorate his palace.

In early the years of the 17th century, a botanist from the Netherlands traveled to Turkey. He was fascinated with the palace’s obsession with the tulip flower.

The flowers looked very beautiful, indeed.

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Groww

@_groww

22 Jul

Today: Q1 results corner, & more

The markets ended in the green today. Financials, IT and metal stocks were the top performers.

The net profit of Bajaj Auto during the Apr to Jun quarter was ₹1,061 cr. This is a 101% jump from a net profit of ₹528 cr during the same quarter last year.

Revenue from operation was up almost 140% to ₹7,386 cr.

Read 5 tweets

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)

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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