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Corporate Earnings News

What are the Views of FIIs on Indian Lok Sabha Polls ?

April 12, 2014

Breaking News - ExclusiveEvery Opinion Poll in the country points towards a change in the leadership of Indian democracy from “The Accidental Puppet Prime Minister of India” towards a business & progressive Shri Narendra Modi. Here are the various Voice of FIIs who have bet heavily in Indian equities on the back of opinion polls,

UBS in a Report said,

Opinion polls have been the key catalyst for markets, as expected, in 2014. The last ones were released at the end of last week and voting Read More »


Why DalalStreet Rejected Corrupt Congress & is Voting for BJP ?

March 16, 2014

Corrupt Congress Party IndiaFast economic development is critical to ensure employment for the youth and security of the country. India is currently going through one of the worst phases as far as economic development is concerned. High inflation and low growth have led to stagnation in job creation. The social impact of the economic crisis is frightening – as shown by increasing number of suicides and skyrocketing crime graph.

The present economic crisis in India is due to policy paralysis of the Corrupt Congress led UPA government resulting from high level of corruption and lack of vision for the country. Read More »


IPO Reviews

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 »


Why Powergrid is going for FPO ?

August 6, 2013

Powergrid Corporation acknowledged that its decision to go in for a 15% follow-on equity offering (FPO) is arguably contrary to its stance in recent investor interactions, wherein it has indicated: 1) the need for fresh equity is not envisaged in its base case business scenario, and 2) a firm decision on the issue would be taken after examining the FY15-19
regulatory returns regime to be finalized by regulator.

Investment opportunities are growing, all of which would cumulatively require a sizeable equity infusion – in the past few weeks PWGR has won a bid-based project Read More »


Mutual Funds in India

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 »

HDFC Top 200, Equity Funds – Review + What Next ?

November 1, 2012

If you’ve been a reader of our Site, then you all know we first recommended investment in HDFC Mutual Funds way back in 2003 and since then have been advising to stick to SIPs with Top-Ups during Market Crashes. Let us analyze what our SIPs have actually given us in Returns with the market going nowhere in the last 30 Months. [Sensex 17,527 March-2010]

HDFC Top 200 Fund Review
This the Largest Equity Fund in India which has grown organically over 15 years and has Assets Under Management around Rs 11,000 Cr. In the last 10 years / 5 years period, the fund has consistently beaten benchmarks. However, returns in a longer duration i.e since inception has tapered off from 28.33% in March-2010 to just 23.49% in Sept-2012 as shown below. Read More »

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