2) The total profit earned by these 3.9 lakh profitable traders in FY22 was 7,412 Cr, with an average profit of 1.86 Lakh per trader.
3) 35.7 lakh traders, or 90% of the total active traders, incurred a total loss of 44,565 Cr, with an average loss of -1.2 Lakh per trader.
4) Profit is not equal to the loss(seen in points 1 &2), as the report only takes into account 67% of the total trading volume from 10 broking houses.
Other entities such as prop firms, who were not included in the report, may be responsible for the discrepancy.
5) The top 1% of profitable traders earned a total profit of 3,780 Cr, with an average profit of 95 Lakhs per trader.
6) The top 5% of profitable traders earned a total profit of 5,559 Cr, with an average profit of 28 Lakhs per trader.
7) On average, each trader in the bottom 95% of profit-making traders earned approximately 49,000 in profit, with a total of 1,853 Cr earned among all of them.
8) Traders between the ages of 30-40 had the highest participation rate (39%) among all age groups.
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🚨"Hindenburg Research has a track record of uncovering companies" 🧵
1) Nikola Motors:
In Sep 2020, The stock tumbled from $34 to $2.5, representing a nearly 95% decline after Hindenburg exposed a multitude of alleged falsehoods and deceptions by Nikola.
1) What is the primary business or services offered by the BharatPe company?
BharatPe is a B2B startup that makes payment acceptance simple by offering merchants a single QR to accept all payment apps such as PayTm, PhonePe, Google Pay, BHIM and 150+ other UPI apps.
1) What is the primary business or services offered by the Rapido company?
"Rapido is a company that helps you get a ride on a two-wheeled or three-wheeled vehicle quickly.
They also help other companies like Swiggy get their things delivered."
2) Who founded Rapido?
"The company was started in 2015 by three friends, two of them from IIT and one from PESU. Their names are Aravind Sanka, Pavan Guntupalli, and SR Rishikesh."
1) The total revenue of Reliance Industries for Q3 stands at 240,963 Cr, showing a 14.8% increase compared to the previous year, driven by sustained growth in the consumer businesses.
2) The profit after tax saw a marginal increase of 0.6% YoY, coming in at 17,806 crores.
3) Under the leadership of Akash Ambani, Jio's business recorded a 20.8% increase in revenue compared to the previous year, reaching a total of 29,195 Cr.
4) Jio's profit increased by 28.6% YoY, reaching 4,881 Cr. 27% of Reliance Industries' total profit is coming from Jio.
2) The company made a profit of 1086 Crores in Q3, which is 6% more than last year. However, in the last nine months, the company's profit has grown by 28% YoY.
3) They have opened 10k retail locations in last 9 months, showing how well it is expanding its reach to consumers
4) The company's gross margin increased by 180bps in the third quarter, and now stand at 38.7%. This was due to a decrease in the cost of the materials used to make their products.
1) What is the primary business or services offered by the boAt company?
"The boAt company specializes in selling audio-centric electronic devices including wireless speakers, Airdopes earbuds, wired and wireless headphones, etc."
2) Who founded boAt?
"Aman and Sameer Mehta, in collaboration, established boAt in 2014."