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ICICIdirect

@ICICI_Direct

Jan 20

As some key Banking results are lined up, here are 10 things to check when analyzing a Bank.

+ Comparison of key metrics of Banking results (HDFC Bank, IndusInd Bank, Federal Bank).

A thread🧵

1/n
Understand Advances (Loan book)

- Compare advances growth on YoY & QoQ basis
- Segment-wise mix (Corporate, MSME, Retail & Agri)
- Retail growth is preferred as it offers relatively stable asset quality with higher margins

Results so far: Strong

Leading: HDFC Bank

2/n
Deposit Growth:

- Key source of funds for Banks
- Currently, deposit growth is a key differentiator
- High increasing share of low cost deposit (CASA) i.e balance of saving & current a/c is preferred.

Results so far: Better than expected
Leading: HDFC Bank

Read 13 tweets

ICICIdirect

@ICICI_Direct

Jan 20

ICICI Direct Research's Gladiator Pick:
#Siemens
Recommended Price: 2990-3025
Target: 3420
Stop loss: 2790
Upside Target: 13%

(1/12)

Technical Rationale:
1. The capital goods sector has been one of the key outperformers of CY22 and is seen extending its up move after last one month’s higher base formation. The index has given a breakout from decade long consolidation in CY21.

(2/12)

2. Within the sector, we remain constructive on Siemens as it remains in strong up trend and has generated a breakout above a triangular consolidation of the last four months signalling resumption of up move, thus offering a fresh entry opportunity

(3/12)

Read 13 tweets

ICICIdirect

@ICICI_Direct

Jan 10

1/14

It's that time of the year when your company HR asks for your investment proofs.

Does this tax planning stress you?🥵
It won't any more😌

10 powerful tax saving tips for salaried employees. A thread🧵👇

#taxplanning #icicidirect

2/14
First get basics in place before you think of exotic solutions.

A. 80C investment upto ₹1.5L can save up to 46,800/-
🔶 PPF
🔶 Employee's Contribution to PF
🔶 Equity Linked Savings Scheme (Tax Saver MF)
🔶 Endowment/Term /ULIP Insurance Policies
🔶 Home Loan Principal etc

3/14

80C/ What to choose for investment?

Here are basic differences b/w ULIP policies, PPF, ELSS to know👇

Factors you should consider are return expectation, variability of return, lock-in period and tax implication.

🟢 Good; 🔴 Not so good

Read 16 tweets

ICICIdirect

@ICICI_Direct

Jan 9

TCS kicked off the earning seasons today.

A data-thread on 10 things to check when analyzing an IT company🧵
1/n

2/n

#1 Scale and growth:
Global players outsource to Indian IT cos. to get quality service at a lower cost.

With scale, companies are able to bid for larger projects and provide flexibility to clients.

Here are the largest Indian IT companies and 3 year annualized growth.

3/n
#2: Operating margins: The key expenses for IT cos are:

a. Employee cost: This is the main cost and can be 50-70% of revenue. This depends on onsite: offshore mix.

b. Travel and marketing costs
c. Overheads and admin costs.

IT companies aspire to achieve 20% margins. List:

Read 10 tweets

ICICIdirect

@ICICI_Direct

Jan 5

₹3.75 lakh crore - this is what the Indian wedding industry made in November and December across 32 lakh weddings🤯

That's more than auto market in India for reference. Let's decode the Great Indian Wedding Industry and 4 businesses that benefit from it.

A thread 🧵
1/n

2/n
India records around 1 cr weddings each year.

Not a surprise when you look at the age distribution of Indian population. Approx 40 crore Indians are in the age bucket of 20-34 years.

Another 50 crores are under 20 years, so the industry has a long revenue pipeline :)

3/n

Let's look at businesses that gain from India's 'wedding bonanza'.

Indian weddings leads to steady cash business for many sub-industries:

👩‍❤️‍👨Matrimony portals
💎 Jewellery
👗 Clothing
🏨 Hotels
🧳 Luggage

..and some others🍷🧑‍🍳

Let's decode them👇

Read 18 tweets

ICICIdirect

@ICICI_Direct

Jan 4

An update on how are making ICICI Direct better for you.

Here are 10 new features and benefits we launched in the last quarter - a thread 🧵
1/n

2/n
Launch 1: Family Portfolio

2023 is when you take charge of your family goals. You can now link all family accounts: monitor, track all your family investment and take smarter decisions all in one place!
#icicidirect

3/n
Here is how you can link your family accounts:

1. Go to “My Portfolio” and click on ‘Family”

2. Click on “Link a Family Account” and enter the User ID or PAN of the account you wish to link.

Once the Family member accepts your request, they can view consolidated portfolio.

Read 16 tweets

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