Recent Posts

21

Equity Investments, Fundamental Research and Sectors Review / Why India Not Hurt ?

« Last post by resh on March 06, 2022, 11:22:40 PM »

Here is why Morgan Stanley Thinks India is Less Hurt from the Global Turmoil.

Policy certainty: India's policy environment is among the strongest in the world driving India's idiosyncratic growth story and, more importantly, likely creating a new profit cycle

Declining oil intensity in GDP: Oil consumption relative to GDP is at all-time lows and is steadily declining especially since 2014

Rising share of FDI to FPI in external balances: India used to rely primarily on foreign portfolio (FPI) flows to fund its current account deficit. FPI flows tend to react more aggressively to the effect of oil prices on shares and their actions feed into the macro creating a vicious cycle. However, since 2014, external funding has shifted dramatically to FDI which is more stable and less sensitive to oil price fluctuations

22

India Stocks and Shares / Circular Trading on BSE

« Last post by chetan on March 04, 2022, 12:03:30 PM »

Circular Trading for Price Rigging & to AVOID Income Tax is a Punishable Offense. Here is a continuous Price Rigging in one of the listed close ended mutual fund.

Scrip AXISCCGPG
Date 04-Mar-2022

Trades as below,
10:37:21   17.05   17.05   17.05   17.05   1600
10:34:19   14.55   14.55   14.55   14.55   1600
09:59:49   14.20   14.20   14.20   14.20   1500
09:58:35   17.10   17.10   17.10   17.10   1500

23

Indian Economy, Macro, RBI Policies / Online Debt Platforms in India

« Last post by resh on November 25, 2021, 10:47:42 PM »

Here is a List of Online Websites which Offer Debt for Retail Indian Individual Investors

1. https://www.rbiretaildirect.org.in/ [For Government Securities]

2. https://www.goldenpi.com [For Corporate Debt]

3. https://bondskart.com/ [For Private Company Debt]

NOTE: What are the Potential Problems of BUYING Debt Instruments Directly by Individuals ?
1. Debt Rating Review & Watch
2. Monitoring of Interest Payment Dates
3. May not get full benefit of Long Term Capital Gains - Indexation - In an era of High Inflation, Read the Article here which explains the benefits  http://www.dalalstreet.biz/forum/india-mutual-funds/conservative-hybrid-debt-vs-fixed-deposit/

24

SmallCap Stocks India / Share Holders of Bharat Biotech - COVAXIN

« Last post by resh on November 06, 2021, 10:00:18 AM »

Here is the Latest Share Holding / Stock Holding Ownership Pattern of Bharat Biotech Ltd, the manufacturer of COVAXIN COVID-19 Vaccine from India

KRISHNA MURTHY ELLA IN30290243484465 4595095 Equity share
SUCHITRA K ELLA 109001201090005000000 716200 Equity share
SUCHITRA K ELLA BBI0000008 200 Equity share
SRINIVAS T BBI0000011 100 Equity share
JANKI T BBI0000014 100 Equity share
P R RAJAGOPALAN IN30009512184786 354539 Equity share
V SUDHA SARADA IN30102210279462 175000 Equity share
KALVATI BBI0000045 36000 Equity share
DHAVALUR INDERJITH BBI0000019 54014 Equity share
SWARNALATHA INDERJITH BBI0000016 52575 Equity share
MURLIDAR REDDY BBI0000018 54075 Equity share
VENKAT GANUPURU BBI0000032 89700 Equity share
S BALASUNDAR BBI0000017 405092 Equity share
BIOTECH CONSORTIA INC BBI0000022 3312547 Equity share
BIOVET PRIVATE LIMITED IN30039420079742 13948 Equity share
INTERNATIONAL FINANCE CORPORATION IN30005410060779 500 Equity share
MINDTREE TRADING COMPANY PRIVATE LIMITED IN30048412307386 888889 Equity share
VISTRA ITCL INDIA LIMITED IN30009511493246 870000 Equity share
KOTAK MAHINDRA TRUSTEESHIP SERVICES LIMITED IN30021418436507 18889 Equity share
RICHARD P NOVICK BBI0000046 4500 Equity share
N SRI TANUJA BBI0000050 45000 Equity share
N SRI BHUVANA BBI0000051 45000 Equity share
N P NAGESWARA RAO BBI0000035 3500 Equity share
NAGESWARI BBI0000036 3500 Equity share
BHAMINI BBI0000037 3500 Equity share
B R JAYALAKSHMI BBI0000038 3500 Equity share
D K MANJULA BBI0000040 3500 Equity share
RAMANJANEYA BBI0000041 3500 Equity share
G AMRUTHA BBI0000039 2330 Equity share
INTERNATIONAL FINANCE CORPORATION IN30005410060779 1757317 Preference share
BIOVET PRIVATE LIMITED IN30039420079742 1562004 Preference share

25

Sensex and Nifty Company Analysis / Asian Paints Target

« Last post by resh on October 24, 2021, 07:32:26 PM »

Here is research Note from CLSA on Asian Paints with Stock Target Price,

In an unprecedented inflationary (raw material prices up +21% in 1H) setting, price hikes have been limited (7.5% in 1H), which led to its weakest gross margin and Ebitda margin delivery in the past 24 and 12 years. Management expects calibrated price hikes to aid a return to an 18-20% Ebit margin in the next few quarters. Amid concern over raw material shortages and supply chain challenges, Asian Paints has built up very large inventory which should enhance its competitive positioning. Capturing medium term margin stress, we lower our earnings estimates and reduce our target price from Rs3,600 to Rs3,500

26

Equity Investments, Fundamental Research and Sectors Review / StanChart on Indian Valuations

« Last post by resh on October 16, 2021, 05:01:03 PM »

Nifty 12-month forward P/E trading at 22.3x, close to its recent peak of 23x and higher than its long-term average of 16.3x. Price to book
value ratio (P/B) at 3.7x and Market cap to GDP ratio at ~122%, are significantly above long-term averages. Mid-caps trade at a 11% premium to large-caps, higher than its 10-year historical average premium of 1%.

Nifty EPS grew a robust 15% in FY21, the highest growth in a decade. Bloomberg consensus earnings growth expectations for FY22 and FY23 stands at 34.8% and 17.1% respectively. Pace of earnings revisions have turned positive over the past month.

27

Sensex and Nifty Company Analysis / Re: NIFTY EPS for FY 2022 + FY 2023

« Last post by resh on October 16, 2021, 04:40:46 PM »

IIFL Securities Estimates NIFTY FY 2022 & FY 2023 EPS as  Rs 725 and Rs 842 respectively.

Edelweiss NIFTY EPS FY 2022 & FY 2023 EPS as  Rs 714 and Rs 837 respectively.

JM Financial NIFTY EPS FY 2022 & FY 2023 EPS as  Rs 693 and Rs 840 respectively.

Axis Securities NIFTY EPS FY 2022 & FY 2023 EPS as  Rs 698 and Rs 800 respectively.

28

Equity Investments, Fundamental Research and Sectors Review / Navi Technologies - Shareholders List

« Last post by resh on October 04, 2021, 09:48:36 AM »

Navi Technologies is a company promoted by Billionaire Sachin Bansal Founder of Flipkart

Through Navi Technologies, they have launched NAVI Mutual Fund and host of other Fintech Companies. Who are the Shareholders and Advisers to Sachin Bansal in his new ventures ?

Ankit Agarwal
Paresh Sukthankar and Mrs. Sangeeta Sukthankar (joint)
Narayanan Venkitraman and Mahalakshmi Narayanan (joint)
Gopikrishnan S Mahadhanapuram
Subramanian Mambakkam Suryanarayanan
Samit Shankar Shetty
Anand Rao
Smitha Rao
Shweta Mani

29

MidCap Stock Picks / ICICI Securities - Review

« Last post by resh on September 29, 2021, 08:50:53 AM »

IIFL Analysts have the following recommendation on ICICI Securities Ltd,

At its analyst day, ISEC presented its multifaceted product propositions and enhanced digital capabilities, including its revamped mobile applications and website. Over FY21-25, management has set a target of: a) capturing >10% market share in incremental customer additions, b) increasing customer assets to Rs10tm (Rs4.4tm currently), and c) reducing cost-to-income ratio to <40% (~45% in FY21).

ISEC will also look to further diversify its revenue base and reduce dependence on broking income, by having 3-4 significant product lines. ISEC remains the best play on financialisation of savings and increasing retail participation in equity. ROEs should remain healthy at 45%+. We value the stock at 25x FY23ii EPS or Rs890/share.

30

Mutual Funds in India / Conservative Hybrid Debt Vs Fixed Deposit

« Last post by resh on September 16, 2021, 09:06:40 AM »

I would like to Demonstrate on why your Long Term Savings must be in Conservative Hybrid Debt Fund which is (at least 75% Debt + Up to 25% Equity). The Biggest Advantage is if you are in 30% Income Tax Bracket.

1.   You get benefit of Indexation
2.   After Indexation, you pay Income Tax of 20% on the remaining gain, only if you decide to encash. (In case of Fixed Deposit, Bank says so much interest has accrued, they deduct TDS & you will have to compulsorily account for it in your IT returns every year)
3.   To avail benefits described 1 & 2 above, you should hold it for at least 36 months
4.   In case of Emergency, it can be liquidated anytime within 36 months and in that case it will be considered as Interest Income and clubbed with your regular income
5.   Plan and Invest the Surplus Amount which you want to be Safe & will hold for more than 36 Months.

Illustration of Advantage of Investing in Conservative Hybrid Debt
Let us assume your Fixed deposit earns 6%. You pay 30% Income Tax, therefore you have actually earned 6.0 - 1.8 = 4.2%

Let us also assume that your investment in Hybrid Conservative Debt Fund yields 6%. Now you get benefit of Inflation, which let us assume is 5%. 6.0 - 5.0 =1.0% is the actual gain on which you pay IT at rate of 20% (irrespective of the Tax Bracket you are in), which means 6.0 - 0.2% = 5.8%

Actual Yield of Conservative Hybrid Debt Fund is at least 1.5% Higher than Fixed Deposit. In that scenario, the net gain will be 7.5 - 5.0(inflation) = 2.5 and with 20% Tax Rate you earn 7.5 - 0.5 = 7.0% Vs 4.2 in FD.

Thus you tend to net gain 2.8% in a year and imagine the compounding that can happen over 10 years & that too in a safe manner.

NOTE: Consult SEBI Registered Adviser before Investing. Use "Direct Plan" investing in the Conservative Hybrid Fund.