Tweet Buster: How a demerger can unlock value for ITC shareholders
https://economictimes.indiatimes.com/markets/stocks/news/tweet-buster-how-a-demerger-can-unlock-value-for-itc-shareholders/articleshow/83278855.cms
https://economictimes.indiatimes.com/markets/stocks/news/tweet-buster-how-a-demerger-can-unlock-value-for-itc-shareholders/articleshow/83278855.cms
The Economic Times
Tweet Buster: How a demerger can unlock value for ITC shareholders
In this edition of 'Tweet Buster' we look beyond memes on ITC to understand investing strategies to navigate the market.
Forwarded from Market Wizard
MARKET WIZARD NEWSLETTER ISSUE 13.pdf
2 MB
MARKET WIZARD NEWSLETTER ISSUE 13
Fundamental Stocks
▶️Lincoln Pharmaceuticals Ltd
▶️TV 18 Broadcast Ltd
▶️Triton Valves Ltd
▶️Cerebra Integrated Technologies Ltd
Technical Stocks
▶️Agri-Tech (India) Ltd
▶️Mazagon Dock Shipbuilders Ltd
▶️Sadbhav Engineering Ltd
▶️Simplex Infra Ltd - SPECIAL PICK
▶️Tera Software Ltd
TEAM MARKET WIZARD
Fundamental Stocks
▶️Lincoln Pharmaceuticals Ltd
▶️TV 18 Broadcast Ltd
▶️Triton Valves Ltd
▶️Cerebra Integrated Technologies Ltd
Technical Stocks
▶️Agri-Tech (India) Ltd
▶️Mazagon Dock Shipbuilders Ltd
▶️Sadbhav Engineering Ltd
▶️Simplex Infra Ltd - SPECIAL PICK
▶️Tera Software Ltd
TEAM MARKET WIZARD
Vijay Mallya's properties, securities worth Rs 5,600 crore to be auctioned: PNB https://www.timesnownews.com/business-economy/companies/article/vijay-mallyas-properties-securities-worth-rs-5600-crore-to-be-auctioned-pnb/766580
ETNowNews.com
Vijay Mallya's properties, securities worth Rs 5,600 crore to be auctioned: PNB
Punjab National Bank MD Mallikarjuna Rao said PMLA court has given the nod to sell assets belonging to Vijay Mallya to recover dues worth Rs 5,600 crore
PNB Q4 Result Update
Bad results posted on all fronts
NII and NIM came sharply lower
▫️ Net Interest Income at 6938 cr vs 8314 cr (-17% QoQ)
▫️NIM fell sharply to just 2.88% vs 3.09% (-21 bps QoQ). Massive decline
Highest ever Quarterly Slippages
▫️Fresh slippages at massive 24,172 cr vs 1,150 cr (+2000% QoQ)
▫️Massive Slippage ratio at 4.40% vs 1.09% (+331 bps QoQ)
▫️Credit Cost deteriorates further to 2.24% vs 2.05% (+19 bps QoQ)
Asset Quality Deteriorates Sharply
▫️Gross NPAs at 1,04,424 cr vs 94,479 cr (+11% QoQ)
▫️Gross NPA at 14.12% vs 12.99% (113 bps QoQ)
▫️Net NPAs at 38,576 cr vs 26,598 cr (+45% QoQ)
▫️Net NPA at 5.73% vs 4.03% (+170 bps QoQ)
Provision Coverage Ratio (PCR) Deteriorated Sharply
▫️PCR at 80.14% vs 85.16% (-502 bps QoQ)
Weak Loan Book. Huge Share of Sub-Standard Loans
▫️Sub-Standard loans at massive 22,980 cr vs 4,220 cr
▫️Sub-Standard loans at 3.11% vs 0.58% (+253% QoQ)
▫️Further 60,382 cr classified as Doubtful (Huge 8.2% of Loan Book)
▫️Huge SMA 2 accounts at 33,007 cr vs 15,078 cr (+119%). This indicates huge stress in loan books. Accounts likely to be classified as NPAs now.
▫️SMA 2 accounts at 4.46% vs 1.98% (+248 bps)
Banks Performance has deteriorated sharply and stock price is likely to collapse in coming days. Stock had run up sharply by 40% in anticipation of good results but with such pathetic performance and hugely stressed Loan Book, PNB is likely to collapse even more.
Bad results posted on all fronts
NII and NIM came sharply lower
▫️ Net Interest Income at 6938 cr vs 8314 cr (-17% QoQ)
▫️NIM fell sharply to just 2.88% vs 3.09% (-21 bps QoQ). Massive decline
Highest ever Quarterly Slippages
▫️Fresh slippages at massive 24,172 cr vs 1,150 cr (+2000% QoQ)
▫️Massive Slippage ratio at 4.40% vs 1.09% (+331 bps QoQ)
▫️Credit Cost deteriorates further to 2.24% vs 2.05% (+19 bps QoQ)
Asset Quality Deteriorates Sharply
▫️Gross NPAs at 1,04,424 cr vs 94,479 cr (+11% QoQ)
▫️Gross NPA at 14.12% vs 12.99% (113 bps QoQ)
▫️Net NPAs at 38,576 cr vs 26,598 cr (+45% QoQ)
▫️Net NPA at 5.73% vs 4.03% (+170 bps QoQ)
Provision Coverage Ratio (PCR) Deteriorated Sharply
▫️PCR at 80.14% vs 85.16% (-502 bps QoQ)
Weak Loan Book. Huge Share of Sub-Standard Loans
▫️Sub-Standard loans at massive 22,980 cr vs 4,220 cr
▫️Sub-Standard loans at 3.11% vs 0.58% (+253% QoQ)
▫️Further 60,382 cr classified as Doubtful (Huge 8.2% of Loan Book)
▫️Huge SMA 2 accounts at 33,007 cr vs 15,078 cr (+119%). This indicates huge stress in loan books. Accounts likely to be classified as NPAs now.
▫️SMA 2 accounts at 4.46% vs 1.98% (+248 bps)
Banks Performance has deteriorated sharply and stock price is likely to collapse in coming days. Stock had run up sharply by 40% in anticipation of good results but with such pathetic performance and hugely stressed Loan Book, PNB is likely to collapse even more.