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Indian Private Banks Should Rally Further – BUY

September 22, 2014

Indian Banking Stocks RallyA Rising Tide Lifts All Boats so it was True with Banking Stocks. Indian banks are up 42% YTD – the key driver being growing confidence in the economy, hence better asset quality.

The first leg is driven by expectations around better asset quality. As tail risk recedes, stocks move sharply to normalized multiples – that has Read more

SENSEX Valuations at Peak – What Retail Investors Must Do ?

August 19, 2014

Breaking News - ExclusiveIndia continues to trade at a premium to the region, but given its stronger growth expectations under Narendra Modi (#NamoBullRun), it seems well placed on a PEG basis vs. peers. Most market indicators also indicate valuations FAIRLY PRICED with NIFTY quoting at 7,900. With a firm government in place, we think the implementation of reforms could jumpstart earnings in coming years.

Which Sectors of NIFTY Have Reached Peak Valuation ?
Out analyst has beautifully constructed Read more

Are Investment in Indian REITs par with StockMarket for Capital Gains ?

August 11, 2014

The newly elected most competitive Indian government under #NarendraModi has announced tax pass through
for REITs in the recently presented Union Budget F2015. This should facilitate REIT formation in the months ahead, we believe. We have presented below the highlights of the tax pass through.

Trading of listed REIT units would attract the same levy of STT and would enjoy the same tax benefits with respect to capital gains as equity shares of a company – This should put investments in the units of REITs at par with the stock investments in terms of capital gains tax, we believe Read more

Have You Made Money in Wealth Destroyer ULIPs ?

July 30, 2014

ULIPs in IndiaNot now but when ULIPs were selling Hot since then we have advised our readers to keep away from Weapon of Wealth Destroyer – Unit Linked Insurance Plans.

Now with the Markets bouncing bank greedy IL-literate financial advisers Read more

Astra Microwave – Darling of Defence Sector Punters

July 8, 2014

Astra Microwave Products Ltd. (AMPL) is engaged in designing and manufacturing of high value added Radio Frequency (RF) and microwave super components and sub-systems finding applications in Defence, Space and Civil communication systems.

According to media reports, the department of industrial policy & promotion (DIPP) has prepared a draft Cabinet note that proposes to allow up to 100% foreign direct investment (FDI) in defence as part of its plan to boost domestic manufacturing activities, markets are hopeful of better days for defence equipment makers. By permitting FDI in the sector it will help in reducing Read more

Amtek Auto – Set to Play on Indian Automotive UpMove

June 9, 2014

Amtek Auto Stock ReviewAmtek Auto is India’s second-largest auto components company, with revenues of INR156bn. It has a global market share of 20% in turbocharger housings and 15% in ring gears. Amtek Group has been very aggressive with capex and acquisitions [Tekfor and Kuepper] in the past — this has not played out as expected by management, due to Corrupt Governance & Policy Paralysis during Sonia Gandhi’s Congress Regime in the key markets of India (57%) and Europe (~37%) led to significant debt build-up. Amtek management is now focused on improving return ratios and generating free cashflows, which should be taken positively by the market.

Amtek is a high-beta play on recovery in Read more

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