Groww Profile picture
19 Aug, 5 tweets, 1 min read
Today: India Ratings cuts GDP forecast, & more
The stock market was closed today on account of Muharram. Hence there will be no update on Sensex & Nifty.
India Ratings cuts the gross domestic product (GDP) estimate for India to 9.4% from 9.6%.
India Ratings, a Fitch Group company, is of the opinion that the aim of vaccinating the entire adult population by the end of 2021 may not be met.

Hence, the cut.
The company suggests that to vaccinate more than 88% of the adult population, 5.2 million daily doses would have to be administered from August 18 onwards.

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More from @_groww

22 Aug
Many of us remember the markets crashing in March 2020.

On 16th March 2020, the US markets fell by about 13% in a single day.

It was triggered by the start of the pandemic that we’re still not out of yet.🧵
This single-day fall was much bigger than the big shock some investors had seen before that - 2008.

On 15th October 2008, the US markets fell about 7.87% in a single day.

This was caused by the housing crisis.
But the thing is, neither of these is the biggest single-day fall.

Even when the Great Depression started in 1929, the highest single-day fall experienced was only 12.82%.
Read 19 tweets
21 Aug
Today, we’ll cover debt to equity ratio.

🧵
Debt - it is the amount owed by the company (loans).

Equity - it is the total shareholder equity (how much money the shareholders have invested).
So, the ratio of the company’s debt to the equity can tell you about the health of a company.

If the debt is too high in comparison to the equity, then the company might be having too many obligations and making a profit might prove difficult.
Read 5 tweets
20 Aug
Today: Zydus Cadila vaccine approved for emergency use, CarTrade lists at discount, & more
The stock market ended in the red today. Metal and PSU bank stocks were the top draggers.
Zydus Cadila has received approval for emergency use in India.

ZyCoV-D is the world's first DNA based vaccine for this virus that can be administered to children below 12 years of age as well.
Read 5 tweets
20 Aug
Today, we’ll cover dividend yield.

This is also known as the dividend to price ratio.

It is the ratio of the annual dividend given out by a company to the price of the stock.
Dividend to price ratio = dividend / price of stock.

It is an important metric because it is also a part of the income of an investor.

Some stocks’ price may not climb much but they might give good dividends.
It is not necessary that every company gives dividends. There are several that don’t choosing instead to reinvest the amount back into the company’s business.
Read 5 tweets
1 Aug
The year: 1847.

A middle-aged man was stressed and restless in a hall of his house.

In another room, his wife was about to give birth.

This was his 7th child. The 6 children before had all died.

A healthy little boy was born.

(Thread)
The family was not extravagantly rich but was well to do.

The boy grew up with his siblings (those born after him) who were well regarded by the neighbors.

They thought the siblings were all level-headed.
Except for the one boy we’re talking about - he was endlessly energetic and restless.

They once found him sitting on duck eggs - trying to hatch them (he was unsuccessful).
Read 25 tweets
30 Jul
Today: core sectors output up, fiscal deficit narrows, Q1 results, IPO corner, & more
The markets ended in the red today. Metal and financial stocks dragged the indices down.
India’s fiscal deficit stood at ₹2.74 lakh crores or 18.2% of the full year’s budget estimate at the end of the Apr to Jun quarter in 2021.

This is a 58% fall from the same quarter last year.
Read 10 tweets

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