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Corporate Earnings News

Why Indian StockMarket Quoting at High P-E ?

June 12, 2017

We already put out on Twitter that we are booking profits. As against the historical average multiple of 14.7x, the Nifty currently trades at 17.8x i.e, 20% premium. Over the last 10 years, the market has traded above this multiple for only 3% of
trading days.

Earnings growth trend also does not appear to be particularly attractive with earnings revisions still happening on the downside. Hence valuation Read More »


Can PSU Banks Catch Private Peers in Digital Banking ?

October 19, 2016

private-vs-psu-banks-digital-bankingThe increasing penetration of smartphones and internet availability on these phones coupled with Aadhaar have made onboarding of customers easy for new players and reduced switching cost and transaction time for customers. The stage is, therefore, set for a large scale disruption of the Financial Services industry, both on the liability gathering side (which will largely become cashless) and on the lending side (where loans will become more personalised and smaller).

Analysts are of the view that mobile wallets and payment banks might not be profitable on their own but would be successful as a part of a bigger ecosystem of services and financial services products. In specific, combining mobile wallets / Read More »


IPO Reviews

SEBI’s Regulation for OFS Against Retail Investors Interest

July 31, 2015

SEBI Flawed lawThe Securities and Exchange Board of India, SEBI the guardian for Investors across the board in Capital markets in India has devised & designed a severely flawed Offer For Sale [OFS] regulation against the Retail Indian Investors. On the very face of it you will probably think the author of this Article is Insane, but ask yourself how many shares did you get allotted in the recently concluded Power Finance Corporation OFS by the Government of India ?

The Govt of India to maximize its returns stopped announcing the OFS in advance as speculators would drive down the prices and also make a killing by virtue of Read More »


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 »


Mutual Funds in India

What is Prashant Jain & Other HDFC Fund Manager’s Pay / Remuneration ?

May 3, 2016

HDFC Fund Managers RemunerationIn Jan-2016, we decided to check on the remuneration the HDFC Mutual Fund Managers draw. However, our research met dead end due to non disclosure by the Asset Management Company. However, we took a wild guess on what could top Fund Manager Prashant Jain’s Pay. And we were Right in guessing the numbers 🙂

After heated discussion with SEBI, HDFC Mutual Fund and all other AMCs were forced to Disclose the Fund Manager’s Pay / Remuneration. Here is what HDFC AMC disclosed for FY 2015-16. All Figures in INR Lakhs for FY 2015-16

Milind Barve – 625.09 – He is the Managing Director of Read More »

Retail Indian Investors Back to Share Market via Mutual Funds

July 14, 2015

Indian Mutual FundsThe Retail Indian Investors is back into the Share Market after a gap of 6 years after their tryst with Real estate & Gold appeared to have given lesser returns than the Equities.

Increased participation of retail investors through Mutual Funds [MF] rather than direct equity purchases is an encouraging development as it is the Fund Managers job to manage your Hard Earned money at a cost of say around 2% which is worth it. Didn’t we Read More »

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