The back story: Company sold its best business ( high margin, cash generating, booming) in Aug 21 for around ₹8000 cr to Baring Private Equity
Business: IT Services to Healthcare Business
Rational of Business selling remain unexplained as they said it will give growth capital for remaining business but IT as business is cash rich and asset light, does not require much capital. This is why IT Companies known for dividend buyback.
In this thread we gonna take a deep dive into ETF !!
Do maximum retweet to educate more investors.
With the simple define,
An ETF is a basket of securities, shares of which are sold on an exchange.
They combine features and potential benefits similar to those of stocks, mutual funds, or bonds. Like stocks, ETF shares are traded throughout the day based on supply and demand.
Similar to trading stocks
Trading ETFs is no different from trading stocks, and a little research goes a long way to helping you choose the right ETF.