We looked at every company with promoter buying for the period from April 1st to June 30th (Q1 FY23).
A thread.
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1/n Total 178 names - Part 1 of top 64 here 👇
2/n
Total 178 names - Part 2 of top 64 buying here 👇
Note: Top promoter selling at the end of the thread
3/n Sectors that saw the highest level of promoter buying: 1. Cements (mainly) and metals 2. Chemicals and API 3. Auto and auto components 4. Capital Goods 5. Financials
4/n Sector-wise classification
Highest promoter buying seen in Cements (mainly) and Metals:
Note: 1. We have only considered market purchase/ sale, buyback (promoter not participating) and Rights issue. Actual promoter change might differ somewhat.
2. This is only a starting point of analysis and not for direct buy/ decisions.
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As Philip Fisher said: Getting a reality check directly from people associated with co. gives us "much deeper" insights☝️v/s just reading reports & financials
Russia controls ~17% of Nickel’s total supply & obviously with that amount of supply going out of system, one would assume prices to rise
But someone expected prices to fall!
A🧵on how the 2.3x surge in Nickel prices was triggered by a short trade & not due to supply crunch
What happened exactly?
A Chinese tycoon "Xiang Guangda" who owns the Tsingshan Group, the largest nickel mining group in China had placed huge short bets on London Metal Exchange (LME), expecting the nickel prices would fall.
We wonder why he held that view👀
1/n
This bet went horribly wrong when Russia banned commodity exports & Nickel prices started surging
To cover a big short position, someone had to buy equivalent long positions.
This created a short squeeze & Nickel reached $1lakh/ton & inturn led to notional loss of $8 Bn+!😱 2/n
Markets have been choppy, but that should not deter a serious investor.
10 reasons why one should not panic and go long on India - a thread 🧵
1. Balance Sheets stronger-than-ever:
India’s corporate health is the strongest in a long time - deleveraging seen across Commodity, Textiles, Utilities which were pained by years of debt.
Corporate confidence is high due to high net cash position & increasing opportunities.
2. Promoters are confident about business potential:
This reflects in the increasing promoter holding in NIFTY 500 over time, increasing from 32% to 45% over the last decade. Interestingly, post-Covid, promoters increased stake by 3% i.e. infused USD 50 billion fresh capital!