Let me jump straight to an interesting discovery I found out today.
The current benchmark rate - The Repo is 4%
Typically you would feel that any money you raise is higher than the repo or equivalent to it.
But what if I told you that recently a publicly listed company raised Commercial Paper at a rate lower than Repo.
What?
70 bps lower than Repo.
WHAT?
3.3%
WHAT?
Name of the company - Titan.
Did you know watches comprise only 10% of their overall revenues?
Also, a small scheme by the name of ‘Gold Harvest’ has gone up from 150 cr. in collections to almost 2200+ cr. in 5 years!
Find out more about this here.
Once again, Spicejet is here.
Recently I read a long opinion piece on Forbes about Spiecjet.
Well, I didn’t really read it.
Then, I read things like these.
Great story, right?
Well, not quite.
While they quoted this as routine maintenance, I am not too sure how can one book a flight to this place. I tried using their website but was not able to book one. Let me know if you can?
Wrote a detailed piece on Spicejet a while back, here.
Divis Labs declares Q2 Results
Shocked?
Let me show you something else here.
Divis undertook a capex of 1400 cr. between ‘09 to ‘19. Between ‘19 and Sep ‘20, 1500 cr. capitalized and 500 cr. in the pipeline.
Interesting.
Webinar Updates
November schedule is out. Click here to find out. Which companies do you want me to cover?