Indian Equity Research and Investment Strategy
The Finance Minister thinks he has done enough for the RBI to go ahead with the Rate Cuts. However, we think not as Inflation Data reflects that Government is still under crisis and is just managing the Press / Media phenomenally well.
RBI Gov Subbarao will likely not want to take to take chances with the RBI’s inflation fighting image by cutting rates as inflation will persist at a high 7.5-8% till December. CRR cuts, (more…)
In the last decade of being the Chief Minister of Gujarat, Mr. Narendra Modi accelerated the already progressive state of Gujarat to put it on the growth curve which no other state – Delhi or Mahrashtra with massive support from Central Government can match.
Industries in Gujarat
Gujarat has bucked overall trend of depending on Agriculture and industry still accounting for 40% of GSDP vis-a-vis 27% for India. Gujarat also scores well when compared to other industrialized states like Maharashtra and Tamil Nadu, which have been witnessing fall in share (more…)
The large size of Indian population is a blessing in disguise for Footwear Retail Chains. It is is treading growth path, backed by benign demographics, rising affordability, increasing incomes and evolving tastes. Organized Retailer control 30% of the Footwear market in India. Bata took the initial lead to expand 8 years ago and has seen the fruits of its investments. Today, we’d like to recommend two stocks in the footwear industry – Relaxo Footwear and Mayur Uniquoters as recommended by Anand Rathi Research in a report. Both Bata and Relaxo are looking at expanding distribution network. Bata is emphasising on tier II/III cities, whereas Relaxo pan India. (more…)
Several Large Institutional Investors have been focused on India’s tepid macro [For beginners, Read macro as Govt, RBI, etc – Policies & Measures ]and missed the proverbial “market” boat. The market has seemingly defied a bad macro and made gains through 2012 even before recent events unfolded.
Bad Macro does not necessarily mean Bad Earnings for companies – GDP growth is crucial to corporate fundamentals. However, a high GDP growth does not mean high profit growth and vice versa. Profits are about revenues and (more…)
The Union Cabinet has cleared a slew of important bills such as hiking FDI in insurance and pension sectors which have been pending for a while. Importantly, these bills need to be approved by Parliament before becoming a reality.
Continuing with the reform process, the Union Cabinet today cleared several important bills as follows, (more…)