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Corporate Earnings News

NaMo Practiced Clean Industrialization in Gujarat

June 25, 2014

As Shri Narendra Modi administration assumes office in Delhi, we analyse the Gujarat model of doing business adopted by the state during his tenure as the Chief Minister. The main focus of our study was on three aspects: Gujarat’s (i) framework for land acquisition and allocation to the industry, (ii) strategy to develop Common Effluent Treatment Plants to support industrial development, especially SMEs, and (iii) efficient water management by river integration.

Land Acquisition: Gujarat has tackled several pain Read More »


India Financial Sector to Benefit from Economic Growth

June 4, 2014

India Financial SectorIndia is all set to become a $5Trillion Dollar Economy in GDP terms by 2025. Backtracking the numbers, Financial services will be a big beneficiary – of this growth. According to Morgan Stanley, for this GDP growth to be achieved, the financial services sector will need to grow in the high teens over the decade.

The last three years have not been kind to the India Financials. The persistent economic slowdown and high interest rates caused default levels to rise Read More »


IPO Reviews

Wonderla Holidays – IPO Review / Recommendation

April 21, 2014

Wonderla IPO ReviewWonderla Holidays Ltd (Wonderla), founded in 2002, is one of the largest amusement park operators in India promoted by the same promoters as that of V-Guard Industries Ltd. The company, currently, owns and operates two amusement parks under the brand name ‘Wonderla’. The company also owns and operates a resort besides an amusement park in Bengaluru under the brand name ‘Wonderla Resort’, which has been operational since March 2012.

Wonderla has a proven track record of managing amusement parks with established brand equity. The company has been able to maintain high standards of safety and hygiene, which has been able to attract organized visits from schools, colleges and corporate segment.

Wonderla has developed an in-house Read More »


Subscribe to PowerGrid FPO at Cut-Off

December 4, 2013

PowerGrid FPO OfferPowerGrid Corporation of India’s FPO is an attractive opportunity to own the fast-growing (19% net profit CAGR in FY13-17) near monopoly regulated power utility with stable RoEs (~16% in FY15/16). Whilst 10% equity dilution at Rs90/share was the ideal scenario, the 13% dilution at Rs85 (the lower band of the FPO) would raise enough equity to meet the equity needs up to FY15E/16E capex. The allowed return on equity in 2001-04 and 2004-09 was 16% and 14%, respectively. The CERC increased the regulated RoE to 15.5% + 0.5% incentive for timely completion of the projects.

After aggressive bidding in the initial eight Read More »


Mutual Funds in India

DSB 10 Year MoM Rolling IRR for HDFC Mutual Funds

June 10, 2014

Breaking News - ExclusiveThis Article is a Must Read for everybody as we introduce a new benchmark of calculating 10 Year SIP Returns -

DalalStreet.Biz [DSB] 10 Year Rolling MoM Internal Rate of Return for Mutual Funds in India

We started off with 5 of the Top Performing Funds which we recommended 11 years ago.

Since we posted just on twitter a year ago about our new methodology of researching mutual funds, I’m sure most of you must have Read More »

Madhusudan Kela – Reliance Mutual Fund, CIO’s message

November 15, 2012

We present to you the view of Madhusudhan Kela, Sr. Fund Manager and Chief Investment / strategist Officer with Reliance Capital Asset Management company on the occasion of Diwali.

Once again, as the biggest and the brightest Hindu festival, Diwali, is upon us, it is indeed a time for introspection, celebration of life and its gifts. [Skippng some Paragraphs Related to Religious References..]

Just think, last Dec, investors had started Read More »

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