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India Stocks and Shares / Equity Valuation - Cheap / Expensive ?
« Last post by resh on July 08, 2019, 09:05:36 AM »
Often Investors Face the Dilemma if Indian Market Valuation is Cheap or expensive ?

Indian BSE 500 Market Cap as on July-5 is US $2.03 Trillion
Indian GDP Estimates for FY 2019-2020 - $2.97 Trillion
Indian Market Cap / GDP = 0.68

In 2008, Market Cap to GDP was Greater than 1.

NIFTY P/E Analysis
In Jan 2008  NIFTY was 6274 and EPS for FY 2008-09 - Rs 228  Thus the Most Expensive P/E = 27.5
In July 2019  NIFTY is 11,811 and FY 2019-20 NIFTY Expected EPS is Rs 580 = 20.36 Forward P/E Assuming 20% Growth

The Market doesn't appear to be overheated. However, EPS expectation of 20% Growth is a Bit Too much as it has not come in the last 20 quarters (5 Years)

So what happens if EPS Growth is just 10% ?
NIFTY EPS = Rs 530 and thus NIFTY P/E will be 22.3 still lower than Historical High of 27.5.
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Very true... I agree on this with you the Indian market is seeing many ups and downs.
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CLSA in a note on Indian Cement Stocks said,

With exit prices higher, 1QFY20 seems like a blockbuster, but our checks suggest higher discounts in the last two weeks due to weak construction activity. With elections behind, a clear picture should now emerge. We upgrade Dalmia from O-PF to BUY with a target price of Rs1,500 (was Rs1,300) and raise India Cements’ target price to Rs135 (was Rs115) while retaining BUY; we are still positive on Ramco, UltraTech and ACC.

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MidCap Stock Picks / ICICI Direct Top Picks
« Last post by resh on May 29, 2019, 08:33:50 AM »
Here is a list of Top Midcap Picks from ICICI Direct along with Target Price and Stop Loss

27-May-19 Sadbhav Engineering SADENG  310.00 226.00 20.0
27-May-19 Prestige Estate Projects PREEST 315.00 241.00 17.0
27-May-19 Oberoi Realty OBEREA  655.00 509.00 17.0

23-May-19 Kajaria Ceramics  745.00 550.00
23-May-19 JK Lakshmi Cement  430.00 335.00

NOTE: Consult SEBI Registered Advisor before Acting.
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MidCap Stock Picks / Anand Rathi Top Picks
« Last post by resh on May 29, 2019, 08:31:02 AM »
Here is a list of Anand Rathi Top Midcap Picks with their Target Price

Deepak Nitrite 346
LTTS 1940
BLUESTAR 947
ABFRL 247
INDIAN HOTELS 185
FINOLEX CABLES 507



NOTE: Consult SEBI Registered Advisor before acting.

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Get your Credit Report from https://www.cibil.com/freecibilscore

See the details and contact the Ombudsman of the Bank.
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Hi - Can someone tell me the steps to clear CITI banck and ABN AMRO Credit card old debts.

Alos, i dont have the CC number of both
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Mutual Funds in India / HDFC Debt fund Ratings + Returns
« Last post by chetan on May 21, 2019, 02:44:28 PM »
Here is the List of HDFC Debt funds "Ratings" and their Returns in the last 12 Months.

HDFC Gilt Fund      - Moderate - 7.48%
HDFC Dynamic Debt Fund   - Moderate - 1.58%
HDFC Income Fund   - Moderate - 6.21%
HDFC Medium Term Debt Fund Moderate - 6.91%
HDFC Short Term Debt Fund Moderately Low - 7.74%
HDFC Low Duration Fund - Moderately Low - 7.27%
HDFC Money Market Fund - Moderately Low - 7.74%
HDFC Floating Rate Debt Fund - Moderately Low - 7.80%
HDFC Ultra Short Term Fund - Moderately Low - 7.55%
HDFC Liquid Fund - Low - 7.34%
HDFC Overnight Fund - Low - 6.20%


HDFC Overnight Fund and HDFC Liquid Fund are the Safest as compared to other Funds above. We use them to park funds and when the market has taken a steep cut or has come to the levels where we want to BUY, we switch to Midcap Equity Fund or Small Cap Equity Fund.

SEBI Disclaimer: Please consult a SEBI registered advisor before making nay investment decision.

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MidCap Stock Picks / Will Mid-caps / Small Caps outperform ?
« Last post by resh on May 06, 2019, 08:37:49 AM »
Kotak Equity Research in a Report said,

Mid and small-caps have experienced slow business, tight liquidity and SEBI norms, which impacted their valuation and growth in the last one year. Post correction in Mid-cap stocks in FY19, from high of 25x on Fw PE the Mid Cap Index is now at trading at 14.9x FY20E. The midcaps Fw PE now trades at 18% discount to Nifty Fw PE. With improvement in business prospects, falling interest rates, low base effect and expectation of NDA regaining power, we xpect midcaps and small caps to gradually recover and do well in FY20

Even though the Mid Cap Index is trading at 14.9x Fw PE there are many beaten down good quality stocks trading between 10-to-15x on Fw PE multiples. One can focus on mid & small caps having high earnings growth and trading in the 10-to-15x Fw PE band from a long term investment perspective. As a hygiene it would be best to avoid companies where promoters have high pleading of shares.
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India Stocks and Shares / CLSA Downgrades Reliance Nippon AMC Target
« Last post by resh on May 06, 2019, 08:18:14 AM »
FII Mover & Shaker CLSA Downgraded the Reliance AMC Stock Target Price.

CLSA Earnings estimates to now factor weaker growth in AUMs and despite a slower rise in top-line earnings can see mid-teens growth due to lower costs. Key will be to watch for repayments from exposure to promoter group companies (Rs3.8bn – 15% of net worth). They lowered target price from Rs310 to Rs230 based on 22x Mar20 PE, and maintain a BUY rating.

Reliance Nippon AMC lost market share in segments such as high-net-worth-individuals (HNI) as well as corporates that are larger investments in the debt and liquid funds.
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