Happy Easter everyone.
Nifty Longs only above 17725 levels
Bank Nifty long only above 37750
Stock of the Week
IIFL - CMP 367, Stops 337
IIFL Finance Ltd is a diversified NBFC in India engaged in the business of loans and mortgages along with its subsidiaries.
It offers a wide spectrum of products such as Home loan, Gold loan, business loan, microfinance, capital market finance and developer & construction finance, etc.[1]
KEY POINTS
Ratios Q1FY22
Capital Adequacy Ratio - 25.6%[1]
Net Interest Margin - 6.6%[2]
Gross NPA - 2.2%
Net NPA - 1%[1]
Stock Market Jargons
Poison Pill - The poison pill is a strategy that can help block companies from being acquired in hostile takeovers. It allows the market to be flooded with new shares should an investor decide to buy up more than a preset percentage of a company’s stock.
Twitter is trying to thwart billionaire Elon Musk's takeover attempt with a poison pill
Its Twitter’s Board , share holders and Saudi’s Richest man and Kingdom Holding Chief Al Waleed vs World’s Richest man Elon Musk right now ..
This can play out better than this…
Movie/Web Series of the Week
Perry Mason on Hotstar
Some interesting Reads and Tweets
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Post-reading the newsletter if anyone's interested to watch the movie Barbarians at the Gate then here's the link : https://youtu.be/jJj-lK3MHyU