Weekly Fin-Fun Newsletter #93
Stock & book of the week, Investment lessons from Chandrayaan & T-Rex, Short Strangles - AP Sir, Gautam Baid ..
🪔 Wishing you a joyous Onam and a harmonious Rakshabandhan! 🪔
May the auspicious occasion of Onam bring abundant prosperity and a harvest of success to your life. May the beautiful spirit of Rakshabandhan fill your heart with the warmth of love and the bond of protection.
Just as King Mahabali's benevolence showered prosperity upon his people during Onam, may your life be filled with abundance and growth. And just as the thread of Rakhi symbolizes the promise of protection, may you always find security and strength in the bonds of love and family.
May these celebrations mark the beginning of a season filled with happiness, prosperity, and the assurance of safety.
Much like the T.Rex game that continues to entertain even without internet connectivity, SIP operates relentlessly, compounding your investments and navigating through market volatility to ensure a rewarding financial journey. Stay on your path to financial success by investing in SIP.
Investment Lessons from Chandrayaan 3.0 (2) Much like Chandrayaan 3's three phases in its lunar mission, your investment journey also consists of three phases. By practicing discipline and determination, you can navigate through these phases and watch your financial success become a reality.
Markets - As on 30th Aug 2023
All in green zone.
Book of the Week
Stock of the Week
IGL CMP 465 - Very low float
Incorporated in the year 1998, Indraprastha Gas Limited (IGL) is in the business of city gas distribution in the National Capital Territory of Delhi. IGL also supplies the gas to the near by regions of Noida, Greater Noida, Ghaziabad, Hapur, Gurugram, Meerut, Shamli, Kanpur, Muzaffarnagar, Karnal and Rewari, Hamirpur, Fatehpur, Ajmer, Pali, Rajasmand.
IGL is formed as a JV promoted by GAIL (India) Limited and Bharat Petroleum Corporation (BPCL). Government of NCT of Delhi is holding 5% equity. [1]
KEY POINTS
Leading player in City Gas Distribution
Indraprastha Gas Limited (IGL) is one of the pioneer and leading City Gas Distribution (CGD) company in India catering to more than 1.1 million CNG vehicles,1.4 million domestic PNG customers and over 5,500 commercial & industrial customers. It achieved a new milestone
Financial Performance:
IGL achieved the highest ever net profit of Rs 439 crore in Q1 FY23-24.
Sales volume in Q1 crossed 717.84 million, with a turnover of 3742.32 crores, a 6% increase YoY.
Volume growth of 4% YoY in both CNG and PNG segments.
Interesting Reads and Stories
Learn How To Trade Short Strangles Based On Price Action | Abhijit Phatak | Definedge
https://twitter.com/iam_chonchol/status/1693845389563056371?t=dvK2Re1vjA5aRwc4MEK5Gw&s=08
$12,880 worth of Storytelling Degree in just 4 minutes.
Bruce Greenwald invited Li Lu to speak to his class on value investing. The result is a 90 minute masterclass on how to be a value investor.
One of my favourite authors Gautam Baid
Offers and Deals