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Tea stocks are piping hot

about 11 years ago

Harrisons Malayalam is really piping hot today, currently up 12.5% at Rs.61 levels with volumes up almost 12.5 times. It hit an intra day high of Rs.62.45 which was inches away from its 52-week high of Rs.63.90. Another tea company, McLeod Russel is amongst the top gainers on the BSE, with volume ...

TEA - TO BRING 'TAAZGI' IN H2FY15

about 12 years ago

Tea production has been on a decline this year due to erratic weather. All-India production of tea so far this year compared to the corresponding period of last year is lower due to lower production of tea in Assam. In fact May production numbers released by Tea Board of India shows a drop of 12% (YoY) in northern states due to extremely dry weather. This is worrying because last year,

DARJEELING – STORM IN A TEA CUP

about 9 years ago

Darjeeling. What does the mere mention of this name bring to mind? Tea gardens and Kanchenjunga (K2). Yes, the toy train too. Today, sadly, the lush green tea gardens and lofty peaks of K2 are shrouded in turmoil. The fight for a separate state by the Gorkha Janmukti Morcha (GJM) has quietened the Darjeeling hills.

Dhunseri Tea brewing hot

about 4 years ago

The stock is seeing some unusually high volumes on the counter – volumes are up over 47-times and the stock price skimmed the 20% of the day

H1-B VISA - A STORM IN THE TEA CUP

about 10 years ago

Three years ago, there was a similar call by some Senators of USA - demanding drastic changes in the H1B visa norms, which would have hit the Indian IT industry hard. And then Trump started campaigning and the rhetoric was back. From the last one year, the Indian IT industry knew that their mulch cow, the outsourcing industry was in the eye of a storm. And today, the IT stocks are being beaten down to pulp as the same H1-B visa row has resurfaced.

BERKSHIRE AFTER BUFFETT?

about 10 years ago

On 30th August 16, one of the greatest investors of our times, Warren Buffett turned 86. A stark reminder that age is catching up and no one, not even Buffett is free from mortality. The question vexes one and all as Buffett ages - who will succeed him? If this has been India, there would have no inkling of a doubt; of course the son or the daughter

BUFFETT BACK IN BUYING MODE!

about 6 years ago

More than the stock market being the barometer of the economy, it is Warren Buffett whose buying or selling indicates where the needle of the economy is headed. Buffett said that he has always been a net buyer since the age of 11, when he started his journey in the market. That’s why panic buttons were jammed up when in September he sold instead of buying when the markets crashed.

Assam Co gets back to exploring

about 14 years ago

Assam Company which had hit a new 52-week on 7th June’13 is today up almost 2% at Rs.4.18, its intra day high. Market cap stands at Rs.129 crore. This small cap stock, which is essentially into a tea and coffee plantations, is talking about resuming its other core activity – resum ...

McLeod Russel brews strong cuppa

about 13 years ago

McLeod Russel is up over 3% at Rs.284 and this around its current intra day high levels. Its 52-week high stands at Rs.386.95. The stock is up in the green on news that 100% FDI will now be allowed in the tea sector and tea plantations. The caveat is here is that the foreign investor divest ...

Tata Global Beverages up on low coupon bonds

about 13 years ago

Tata Global Beverage is up 1.8% at Rs. 160.60 per share, before cooling off from the day’s high of 161. Broader markets are trading absolutely flat, with BSE Sensex up 50 points at 20,600. The world's second-largest tea group plans to raise Rs 325 crore via issue of 3-year low coupon bo ...

Market sits up and smells coffee

about 11 years ago

Tata Coffee hit a new 52-week high today at Rs.107.35 with an over 3 times surge in volumes. CCL Products, another coffee and tea maker also hit a new high at Rs.253.90 with an over 2 times rise in volume. Bombay Burmah Trading and Tata Global Beverages are also strongly up in the green. ...

Eveready Inds all charged up

about 11 years ago

Eveready Industries has been in the news since last week. First the news that it was planning to hive off its tea business to Mcleod Russel. The company later issued a clarification stating that it was upscaling and no such deal was truck. The next day another news surfaced - company is in t ...

LIVE SIMPLY SO THAT OTHER'S MIGHT SIMPLY LIVE!

about 15 years ago

Warren Buffett is undoubtedly the guru when it comes to investing in the stock market. Many amongst us read his nuggets of wisdom and get inspired. If many got inspired with his 'money making' gyaan, why not the same inspiration for 'money giving'?

SHAREHOLDERS ACTIVISM – JAAGO SONE WALLOH, SUNO YEH KAHAANI!

about 7 years ago

On 9th September, Brij Mohan Khaitan group company, McLoed Russel India’s largest tea company held its AGM. It was not just a routine meet; the shareholders, whom most companies take for granted, showed that they were one’s who were in control.

HARYANA – SCORED A SELF-GOAL!

about 6 years ago

This is really a storm in a tea cup. Reservation and waivers are two favourite words of politicians. Use these words and you are sure to win elections; almost like a magic mantra; chant, chant, chant it all the way and all the time and glory comes to you!

Chai ki chuskiyaan...

about 15 years ago

Opening price of tea has been much higher and it rose at an average of around Rs.40-50 but those on the industry warn that this price is not indicative of the peak season. If rain comes on time and in the right

BUFFETT’S LETTER – ANOTHER NUGGET OF WISDOM

about 7 years ago

Every year, on the last Saturday of February, Warren Buffett releases the much awaited annual letter to his shareholders. This letter is like a mini-crash course on investing and always packs in great nuggets of wisdom. The letter gives us an insight into his mind, his vision for the future and his overall perspective on the market and economy.

HERD MENTALITY - FOLLOW NONE BUT MAYBE BUFFETT?

about 13 years ago

Why this fascination for Warren Buffett? Well, he is undoubtedly the most successful and richest investor in the world. And he got rich by investing wisely in equity. But more importantly, his logic in investing in equities is so simple that any person irrespective of his/her education or qualifications

JAIN OR ABEL - WHO WILL KEEP THE "VALUE" INTACT AT BERKSHIRE?

about 11 years ago

On 30th August 015, one of the greatest investors of our times, Warren Buffett turned 85. A stark reminder that age is catching up and no one, not even Buffett is free from mortality. The question vexes one and all as Buffett ages - who will succeed him? If this has been India, there would have no inkling of a doubt; of course the son or the daughter would have headed the company! Here, a doctor's son becomes a doctor, even an actor's son demands his right as an actor;

WHY INDIA INC IS STINGY WHEN IT COMES TO "GIVING"?

about 13 years ago

A couple of years ago, Warren Buffett and Bill Gates were in India; not to invest but to urge more Indian industrialists to take to philanthropy, like themselves. Well, not many industrialists were inspired enough to give and that is what this article seeks to find - why India Inc is not generous enough?

LIFE LESSONS FROM BUFFETT

about 7 years ago

And for those in the stock market, there is no greater an inspiring teacher than Warren Buffett. We take this occasion of today to go through some of his quotes, which will motivate us , especially in the current trouble and confusing times. Buffett’s brilliance is in the simplicity of his advice.

BUYBACK - PROMOTER IS THE BIGGEST GAINER

about 11 years ago

Warren Buffett's company, Berkshire has not declared a single dividend since 1960 but yet shareholders flock to hold shares in this company? Apart from the fact that it is a Warren Buffett company, he has helped created wealth for his investors - through consistent buyback of his own shares.

INVESTING 'BUFFETT' STYLE OR YOUR STYLE?

about 14 years ago

Why this fascination for Warren Buffett? Well, he is undoubtedly the most successful and richest investor in the world. And he got rich by investing wisely in equity. But more importantly, his logic in investing in equities is so simple that any person irrespective of his/her education or qualifications finds it so easy to follow.

WHEN THE CHIPS ARE DOWN - SIMPLY SIT DOWN AND 'REVISE'

about 12 years ago

At a time when the markets are lackluster, there are no evident triggers on the horizon and it is tax paying season, it is sometimes good to just sit back and take stock - not just of the stocks you own but of where you are headed. Just as this is the time when students dig into their books, revise and cram for exams, this is probably the time when we as investors can take this small time out to look into what one of the best investor in the world does - Warren Buffett. Though Buffett does not invest in Indian stocks, there are many investors who take cues from his investing patterns ....

SHOULD WE FOLLOW BUFFETT'S STYLE OF INVESTING?

about 10 years ago

When it comes to FIIs, Indian investors have a mind of their own. There is no mad herd mentality where investors just blindly seem to follow the FIIs. But when it comes to two names - Warren Buffett and Rakesh Jhunjhunwala, they seem to put most logic to sleep and just follow. More so when it comes to Buffett

TWO OLD MEN AND 40,000 PEOPLE – THE BERKSHIRE AGM

about 10 years ago

Warren Buffet saying, “I blew it!” was such a human statement. We all have made Buffett into a God thus it was very humanizing, showing his humility once again when he said that he has missed the bus when it came to Google and Amazon. Buffett missing out a winner - now that’s a learner too!

BUFFETT INVESTMENT SIGNALS US HOUSING RECOVERY?

about 14 years ago

Those in the market and some of them, who are not so active in the market, unanimously dote on every word and every action of one person - Warren Buffett. Whatever he does, his quotes on life, the way he leads his life, the stocks he buys and sells, his profits, his annual meeting at Berkshire,

IPOs – GETTING VERY UNCOMFORTABLE

about 9 years ago

Last year, Warren Buffett at the Hathaway AGM reiterated his revulsion for IPOs. When questioned about how people have struck it rich in some of the IPOs in USA, Buffett said, “ You don’t have to really worry about what’s really going on in IPOs. People win lotteries every day but there's no reason to let that affect your investing strategy at all. You have to find what makes sense and follow your own course.”

THE ANNUAL RITUAL OF BUFFETT’S ANNUAL LETTER

about 8 years ago

It’s a ritual which no Warren Buffett fan wants to miss – the annual letter accompanying the annual report of Berkshire Hathway Inc. Every year, the letter which Buffett writes to his shareholders is waited with a lot of eagerness. Apart from getting a peek into where his vision for the future lay,

BUFFETTS ANNUAL LETTER – NUGGETS OF GREAT WISDOM

about 10 years ago

Warren Buffett. The name evokes a sense of respect seldom felt for any investor. And it’s a name which transcends creed, race, country. More than his investments, it is the values which Buffett represents, as a human being, which set him apart. For those like us, who are into the stock market, Buffett is like a guide book

COMMODITIES - SWIMMING NAKED AS TIDE GOES OUT

about 11 years ago

Warren Buffett's famous quote, "Only when the tide goes out do you discover who's been swimming naked" seems so apt for the commodity prices right now. China is the tide - when it was high tide, all commodities made merry and now that there is ebb, most are left naked, left to bake in the sun and wither away.

PAY HIKE FOR PSU BANK EMPLOYEES - MARKETS IRRITATED

about 12 years ago

What has been your experience of dealing with a PSU bank vis-Ã -vis a private sector bank? Most would say, "not very good". The majority would complain would about inefficiency. The long wait to get even the basic work done, like getting a cheque book or getting your money withdrawn or even getting some information from the "information" counter

RAINS - WHERE 'MIS'FORTUNE WILL CHEER AND BEMOAN?

about 12 years ago

The stock market is capitalist. That's a known truth. When there is a pandemic, stock price of companies making the drug shoots up. For the market, every adversity is an opportunity. But therein lies a message too - look for the silver lining in every cloud. No doubt the rain deficit has come down last week from 34% to 21%

EL NINO MONSTER IS BACK - WHO GETS SCARED? WHO REMAINS NONCHALANT?

about 12 years ago

The El Nino monster is back, raising its ugly head, gnarling and snarling its teeth, threatening the very existence of farmers and their livelihood. With some 60% of the population depending directly or indirectly on agriculture, any forecast of poor monsoon spells doom. The first forecast from the Indian Meteorological Department (IMD) came in yesterday and it was not good. The IMD stated that monsoon this year could be 93% of the long-period average. Anything which falls in the range of 90-96% is considered

FEBRUARY IIP - COMES AS A PLEASANT SURPRISE

about 12 years ago

The February IIP numbers took everyone by pleasant surprise. Coming in at 5% v/s 2.6% in January, this was much more than what was expected by majority of analysts. This is reportedly a 18-month high and the best news here - manufacturing activity was at its best, it grew at the fastest

Q1FY16 RESULTS - ANOTHER QUARTER OF MUTED PERFORMANCE

about 11 years ago

The first big wig Q1FY16 performance will come from an IT company; thankfully that tradition remains intact and so does the fact that IndusInd Bank will hold the mantle of being the first private sector bank to announce its performance. But what has changed is that Infosys is no longer the first IT company; it has given up that tradition ever since Sikka took over. This honour, of being first, now lay with TCS. It will be announcing its results on 9th July and like what we have seen in the past, it could be much later in the evening, after market closure.

May IIP disappoints at 2.7% v/s 4.1% MoM

about 11 years ago

IIP for May 2015 slipped to 2.7%, down from April 2015's 4.1% growth. Manufacturing grew the slowest. Markets will be disappointed with this, when they open on Monday.

B K Birla Group: Getting Rationale and Leaner?

about 11 years ago

Kesoram Industires has agreed to divest its tyre unit at Haridwar, to JK Tyre, for about Rs.2,200 crore. This deal is seen a precursor to the B K Birla Group's succession planning and divesting assets among family members.

AN OPEN LETTER TO OUR NEW PRIME MINISTER, MR.NARENDRA MODI

about 13 years ago

Mr.Prime Minister, we citizens of India, for a long time, have been deprived of a good government; we do not know what true leadership means and having had no governance for the past few years, for you to come into this vacuum' even the smallest thing you do will seem like a mannah

INFLATION SUPRISES - BUT IT COULD BE JUST THAT, A SURPRISE

about 12 years ago

That more or less highlights what one can expect from the Governor on 30th July. Surely yesterday's fall in CPI and WPI, might be a small moment to celebrate but that's about it - just a moment not a period of low prices. Rajan could not have been more clear - expect no rate cuts just because a few months show lower inflation

BEST BUYS FOR DIWALI

about 14 years ago

The festival of lights is here and like every year, we all fervently hope and pray that Goddess Lakshmi continues to bless one and all. This is also the time when we all loosen our purse strings and go shopping in full throttle. And like every year, we present a list of stocks which you should buy to ensure that your next Diwali will be even more 'dhamakedar!'.

MODI'S SWEARING-IN CEREMONY - ATITHI DEVO BHAVA!

about 13 years ago

Apart from Nawaz Sharief, others have also arrived for the function - SL President Mahinda Rajapaksa, Mauritius PM Navin Ramgoolam, Afghanistan President Hamid Karzai, Abdulla Yameen who is Maldives President, Bhutan PM Tshering Tobgay, Nepal PM Sushil Koirala and Bangladesh

RAINS - DARK CLOUDS LOOMING LARGE

about 13 years ago

So what is the silver lining in the prediction by IMD yesterday that rainfall in India this year could fall short? We take a quick look at the sectors which could probably benefit, those which could be hit and those which will be unaffected. Currently India is gripped in election fever and hopes of a new Govt forming at

Q4FY14 - A MIXED BAG OF SWEETS, NAMKEENS AND KARELAS!

about 13 years ago

This time around, surprisingly, it is not Infosys but CMC which will bring in the numbers on 14th though small cap companies like Chemfab Alkalis and Goa Carbon, as usual, take the lead, being always amongst the first. Actually GM Breweries was the first to have declared its Q4 numbers. Infosys will remain the first large cap company to declare its numbers on 15th while IndusInd Bank will also follow the tradition of being the first bank to present its earnings.

Q3FY14 - WHAT TO EXPECT?

about 13 years ago

No surprises here. Most of the brokerage houses are bullish on the Q3 earnings and on an average, they expect a 18 month high of 16% growth in topline of 30 Sensex companies, with profits expected to grow 22%. Merrill Lynch, Kotak Securities, Motilal Oswal and more... all expect good earnings from IT, pharma and metals. They are banking big on five companies - Tata Steel, expected to turnaround, Tata Motors to show robust numbers on the back of JLR's sales

Q2FY14 - DON'T WAIT WITH BATED BREATH FOR THE RESULTS

about 13 years ago

Expectations, this time around are much muted. No one is really talking about Q2 numbers being 'number changing' for the markets. Q1 was disappointing and with things having not really changed much, apart from UPA trying to whip up confidence with its rhetoric reform announcements; there

THE WEIGHT OF Q1FY14 NUMBERS - CRUSHING?

about 13 years ago

Q1 numbers are not crystal gazing; it is more about looking into the past three months and it is the past experience which is expected to give cues for the coming months. Today, the moods remain despondent, much more pessimistic than what they were at the end of Q4FY13. The first three months of the current fiscal were troubled, with rupee v/s the US dollar slipping to its lowest ever

Q3FY13 - WHAT TO EXPECT?

about 14 years ago

The countdown has begun to the Q3FY13 numbers. And this time around, like in Q2, it is not Infosys, but Indusind Bank which will kick off the results for the third quarter in the big ticket category, scheduled to announce its numbers on 9th Jan'12. Infosys will declare its numbers on 11th Jan and like in Q2, IIP data i

Q3FY16 - WHAT TO EXPECT?

about 11 years ago

The earning season for Q3FY16 "officially" kicks in from tomorrow; though we have had some small and mid cap companies declare their numbers, the first big wig is tomorrow - TCS. Just as Infosys has lost its mantle of being the most favored IT stock to TCS, it has given up that lead in declaring

Q1FY13 - WHAT TO EXPECT?

about 14 years ago

Q1 numbers are not crystal gazing; it is more about looking into the past three months and it is the past experience which is expected to give cues for the coming months. Today, the moods might be a bit more optimistic than what they were last month but that does not mean that the numbers for Q1 will come in great.

Q2FY16 RESULTS - TO BE Q1 'ACTION REPLAY'

about 11 years ago

The countdown has begun to the Q2FY16 numbers. Earlier it used to be Infosys which used to kick start the earnings season; no longer so after the new management took over. Nowadays this crown of being the "first" is held by IndusInd Bank which will declare its numbers on 9th Oct.

Avenue Supermarts

about 10 years ago

Verdict :A value(able) cart!
Subscription Start Date :08 Mar 2017 End Date :10 Mar 2017
Issue Size : Rs. 1,870 crore, Issue Type : Fresh Issue
Price Band : Rs.295 to Rs. 299
--------------------------------------------------
Overall Subscription : 105.93x
QIB : 146.58x,HNI :281.51x,Retail :7.46x,
Listing Date : 21 Mar 2017, , Listing Price : 600

DROUGHT - THE WAY MARKETS WILL LOOK AT IT

about 11 years ago

The stock market is capitalist. That's a known fact. When there is a pandemic, stock price of companies that make the curing drug, shoots up. For the market, every adversity is an opportunity. But therein lies a message too - look for the silver lining in every cloud. The biggest adversity facing the country currently - 10 states have already declared a drought. North Interior Karnataka, Telangana, Maharashtra, Gujarat, Madhya Pradesh, Uttar Pradesh, Bihar, and Haryana are scorching under drought or drought-like conditions.

Thomas Cook India falls & recovers

about 7 years ago

Thomas Cook (India) is listed on our bourses and this worry led to the stock losing 9.3% at Rs.142 but soon clarification sunk in

Chemplast Sanmar- Recent Listing

about 5 years ago

Old wine in new bottle

Bank of Maharashtra - Ek Anaar Sau Bimmar

about 6 years ago

We won't be surprised to see new names getting added in this list, of willing acquirer, as we have not included existing private sector banks and mid sized NBFCs

What's brewing in Kotak Mahindra Bank?

about 6 years ago

What justifies Kotak PBV of 4x, ahead of HDFC Bank’s 3.5x? Read to find the possibilities.

BBTC on the surge

about 2 months ago

The stock is currently the top gainer on the BSE, rising 14.16% to Rs. 1,627, against its previous close of Rs. 1,425.25. The stock touched an intraday high of Rs. 1,638, with turnover at Rs. 75.85 crore and market cap at Rs. 11,342.12 crore.

BBTCL in news

about 5 years ago

The stock is in the green following this news, going up over 3% to hit an intraday high at Rs.1353 though volumes are capped under 9k. Its 52-week high is at Rs.1566.80.

Tata Global hits new high

about 7 years ago

Tata Global Beverages hit a new high today at Rs.311.85 with over 5.5 times rise in volumes. It continues to trade in the green and remains strongly

McLeod Russel on a roller coaster

about 8 years ago

McLeod Russel is having a roller coaster ride today. It opened at the day’s high point at Rs.162.90, up almost 3%. But after that, it has come down consistently

McLeod Russel blends aromatic brew

about 8 years ago

McLeod Russel is having some volatile run in the opening bell session! The stock opened higher at Rs.135.20 but soon slipped to a new 52-week low at Rs.131.80

Zensar Tech spurts over 7%

about 9 years ago

Zensar Technologies rose almost 7.5% to Rs.968.25 in the morning trades and even now, remains firmly in the green at Rs.942 levels. Its 52-week high is at Rs.1000.

McLeod Russell brews a strong blend

about 9 years ago

McLeod Russell, which dipped over 6% to Rs.205 in the morning session is the top gainer on the BSE currently. In fact it rose over 14% to hit a new 52-week high today at Rs.248.30.

Tata Coffee goes cold

about 12 years ago

Tata Coffee continues to remain down in the red. It opened some 20 paise higher, only to slip into red, hitting an intra day low at Rs.930.10. It currently remains 1.3% down. A subsidiary of Tata Global Beverages, which holds 57.48% stake , the stock has gone cold after its set of disappoint ...

Tata Global brewing strong

about 13 years ago

Tata Global Beverages is brewing up a strong flavor today, currently up almost 1.5% at Rs.148.70, with an intra day high at Rs.149.10. It still remains a but far away from its 52-week high of Rs.174.35. The stock is looking good today as there are reports which suggest that with softening te ...

Kotak Mahindra Bank gets "Buffetted!"

about 8 years ago

With an over 6 times rise in volumes, the stock price of Kotak Mahindra Bank jumped over 8.5% to Rs.1283.05 and remains among the top three gainers on the BSE

GRILLED QUESTIONS WITH CHEESE AND EXTRA BUTTER… ANYONE?

about 10 years ago

This happens to us so many times. We have bought a stock and when you purchased it, you obviously were convinced it is the best stock to own. But over a period of time, you see that the numbers are slipping. At that time, you have so many questions in your mind but do you ever think of going to the AGM

AU Small Finance Bank

about 9 years ago

Verdict :Asking for gold!
Subscription Start Date :28 Jun 2017 End Date :30 Jun 2017
Issue Size : 1,913 crore, Issue Type : OFS
Price Band : Rs.355 to Rs. 358
--------------------------------------------------
Overall Subscription : 53.49x
QIB : 78.77x,HNI :143.51x,Retail :3.31x,Other :1.4x
Listing Date : 10 Jul 2017, , Listing Price : 522

FM's Parting Gift- A Damp Squib!

about 15 years ago

The market was kept on tenterhooks almost the entire day. There was a sense of suspension; All market activities were focused only on 1 thing - what would the FM announce? And after waiting the whole day through, disappointment is all that came in after the huge built up...

MACRO ECONOMIC DATA - MERELY "ESTIMATES?"

about 7 years ago

With data now completely missing for April, will the entire data be an estimate only? And if its just an estimate based on various statistical “models” what is really the accuracy of this data?

An open letter to Modi

about 7 years ago

As the BJP completes 100 days in this second term, needless they have probably been the most tumultuous. There were some hits and some misses though the biggest concern which could soon become a political challenge is the state of the economy...a heart felt letter to our PM.

UNEMPLOYMENT - THE HYDRA HEADED MONSTER

about 7 years ago

o news were pertinently disturbing. Sadly we have more disturbing than good news flowing nowadays…Both these news, one from the private sector and another from the public sector go on to highlight one major underlying issue – unemployment.

Q1FY20 - BETTER OFF HAVING NO EXPECTATIONS

about 7 years ago

Expectations are as such muted but the hope is there are no major disappointments. For the market, the Budget is over and done with and there seems to be no real big trigger in the offing. That’s how Dalal Street is viewing the Q1FY20 earnings season and the huge crash which we are seeing today is a case of huge misplaced disappointment.

THE SECOND INNINGS BEGIN…..

about 7 years ago

The swearing in ceremony is on and we have a swanky new Govt in place. The 17th Lok Sabha is all set to get into action! Congratulations to the BJP and all the Indians who voted for a majority and avoided a deeply fractioned Parliament.

CHAI – THE SIP WILL ONLY GET TASTIER!

about 8 years ago

At a time when it is a persistent endeavor to make our humble cup of chai into a ‘national drink’, chai itself seems to be on a high! One man’s misery is an opportunity for the other.

UMBRELLA, RAINY SHOES AND STOCKS

about 8 years ago

Rains have come calling; be it Skymet or the IMD, both have done a good job of predicting the arrival of rains. So can we say that India finally has a weather system which can give us a more correct picture of the monsoon? That in itself is a relief!

Q3FY18 – YoY PICTURE TO LOOK PRETTY GOOD

about 9 years ago

The earnings season has started with Q3FY18 numbers starting to trickle in. The first “big: one is of IndusInd Bank and TCS, scheduled for 11th Jan and Infosys for 12th Jan. This company wise Q3 performance will be the trigger for markets in the coming days. Unlike earlier quarters, where expectations were muted, this time around, hope is running high as most expect numbers to come in pretty strong, indicating a jump back from pains of GST and demonetization.

MONSOON SESSION – NOT TOO MANY EXPECTATIONS

about 9 years ago

The session began today but because of the death of sitting members both Rajya as well as Lok Sabha Houses, today’s session was adjourned and proceedings will begin from tomorrow. It holds the promise of a storm what with China standoff in Sikkim, farmer protests, the unrest in Kashmir, increasing cow vigilantism, opposition leaders being chased by CBI for alleged corruption. Political issues apart,

RAINS – WHAT IT BRINGS FOR DALAL STREET?

about 9 years ago

The stock market is capitalist. That’s a known truth. When there is a pandemic, stock price of companies making the drug shoots up. For the market, every adversity is an opportunity. But therein lies a message too – look for the silver lining in every cloud. This year, thankfully for India, which looks skywards for growth and

STATE DEBTS - SORRY STATE OF AFFAIR

about 14 years ago

On the website of the Ministry of Finance, the data on state debts and liabilities have been updated only till 2008-09. As per that list, till end of FY09, Maharashtra tops the list of states in India having the highest debt, followed by Uttar Pradesh, West Bengal,

WHOSE 'MANTRA' TO FOLLOW?

about 5 years ago

His formulas are very simple – do not invest in complex instruments, do not invest in companies whose revenue models you do not understand, buy when others are selling, avoid compulsive buying and selling of stocks, live a modest life, avoid lavish spending, buy undervalued stocks, use your own method to evaluate stocks

MONSOON - SAB THEEK HO JAYEGA?

about 15 years ago

And this innate sense of optimism, this sense that everything will turn out right at the end, is probably what drives our Indian Meteorological Department (IMD). Long before the IMD started issuing reports of normal and all-things-looking-good forecasts

THE MSCI INDEX - A GOOD IDEA TO FOLLOW?

about 13 years ago

Tomorrow, at the close of trading, the Morgan Stanley Capital International Index or more popularly recognized as the MSCI Index will reclassify its indices right across the world. A semi-annual exercise, in India specifically, it will add and delete 13 stocks in its MSCI Global Small Cap Indices.

BERKSHIRE 51st AGM - A FESTIVAL CELEBRATING BUFFETT

about 11 years ago

Omaha or 'Warrenland' is to Buffett fans what Orlando's Disneyland is to children. Berkshire Hathaway Inc or better recognized as 'Warren Buffett's company' held its AGM on 30th April in Omaha, Nebraska and it turned out to be as scintillating as it usually is, with some great Buffett quips and quotes. This AGM also marked Buffett's 51 years in running the company and even now,

SALE! SALE! SALE! MANY GOOD STOCKS HIT NEW LOWS

about 11 years ago

Take a look at the stocks which have hit a new 52-week low today. Adani Ports, Axis Bank, Bharti Airtel, Bank of Baroda, BASF, Bosch, ICICI Bank, Idea, IDFC, Nestle, SKF, PFC, REC, TCS and many more. And check out the list of stocks hitting new highs today - no stock worth mentioning as majority are penny stocks, small and very fundamentally challenged midcap stocks.

AS MARKETS GET ROUTED, GO BARGAIN HUNTING!

about 11 years ago

Hindalco, Adani Power, EID parry, VST Industries, NTPC, Gail, Just Dial, Lakshmi Machine and many more. Some 33 stocks in the BSE-500 have hit new lows. Midcap stocks hitting new low exceed the large cap. Most of the names appearing in the list have two points in common - either

PAY CHECK OF CEOs - DO THEIR PAY'S NEED A CHECK?

about 11 years ago

For once, we can feel proud that US is following the footsteps of India in an area least expected - corporate governance! SEBI's Corporate Governance Code which came into effect last October, already stipulates that CEOs pay, as a median of average pay of employees be disclosed. And our first set of such disclosures are already out. US is only now bringing this disclosure into effect, which will actually start coming out in the public by 2017.

TRACKING THE MSCI INDEX - WHIFF OF FII PREFERENCES?

about 11 years ago

Today, Glenmark hit a new life time high at Rs.1164.20 while Indiabulls Housing Finance is up over 4%. On the other hand, Jindal Steel and Power hit a lifetime low of Rs.62.40. The reason for this massive up and down in these scrips? Glenmark and Indiabulls are to be included to MSCI Global Standard Indexes while Jindal Steel and Power will be deleted from the index. This will be effective closing of 31st August. Market grapevine had it that Britannia might also get

THE RESPONSIBILITY OF INDIA's OLIGARCHS

about 11 years ago

Oligarch is a word coined during the Soviet Union era. It referred to a person who is part of a small group that runs a country, obviously a very rich person. Resonates very much in the Indian context too? Take a cursory look at most of the billionaire Indians - they all, in one way or the other have derived their wealth from land, natural resources or Govt contracts and licenses.

THE STRANGE CASE OF 'DUPLICATE' JHUNJHUNWALA

about 12 years ago

On 9th June, a company not even heard of on the streets, Surana Solar was the "hottest" pick on the bourses. On 10th June, the stock was up 10% and went up to Rs.64 levels. And why this sudden spike up in the stock? Well, apparently, Rakesh Jhunjhunwala bought 2.56 lakh shares in the company via a bulk deal on NSE at an average price of Rs.53.74/share. Today, the stock is locked at the 10% lower circuit, like the way it has been for the past few days.

BERKSHIRE AGM - A FESTIVAL CELEBRATING BUFFETT

about 12 years ago

Berkshire Hathaway Inc or better recognized as 'Warren Buffett's company' held its AGM over the weekend in Omaha, Nebraska and it turned out to be as scintillating as it usually is, with some great Buffett quips and quotes. This AGM also marked Buffett's 50 years in running the company and even now, he sounded as optimistic as he did 50 years ago. Bringing the reality of mortality to center stage, Buffett said that his company will survive long after he is gone.

DEFINITELY NO GOLD FOR AKSHAY TRITIYA!

about 12 years ago

Till a few years ago, was Akshay Tritiya even known or advertised like the way it is today? Most people did not even know the existence of such an auspicious day and like the various modern day concepts of Mother's Day or Father's Day, this seemingly newly discovered 'festival' has come into being. How many really know the true significance of this day? Most would say

JHUNJHUNWALA AND DAMANI - FOLLOW THEM BLINDFOLDED?

about 12 years ago

Whatever these two big investors touch, the stock price zooms up and investor frenzy whips up. Many call them the "Warren Buffett" of Indian markets. There is no doubt that both discerning and extremely intelligent investors have built up an enviable net worth and because almost all their investments have turned

DULL POLICY BUT FIRE CRACKER PRESS CONFERENCE!

about 12 years ago

More than the policy, which was more status quo, with minor tweaking, it was the ensuing Press Conference which was more telling. It gave us a perceptive insight into the myriad of issues which the Governor is thinking about. And what we came across with was a very assuring feeling that the country's banking

VALUE OR GROWTH - WHAT DECIDES INVESTMENT?

about 13 years ago

On the other hand, growth stocks are those which are already on the rise, have caught the investor fancy and the underlying assumption here is that growth of the company and stock price are directly linked and this is based on overall profitability estimates of the company and lesser of the sector.

KEEP AWAY FROM GOLD!

about 10 years ago

Till a few years ago, was Akshay Tritiya even known or advertised like the way it is today? Most people did not even know the existence of such an auspicious day and like the various modern day concepts of Mother’s Day or Father’s Day, this seemingly newly discovered ‘festival’ has come into being. How many really know the true significance of this day?

WHAT'S WRONG WITH MANDATORY CSR?

about 13 years ago

The report stated that the young wealthy Indians gave a small proportion of their income to charitable causes in 2011, almost one third of entire charity was done by those below the age of 30. The report surveyed 400 wealthy individuals with more than Rs.4 lac each in assets, excluding primary residence, consumables and collectibles. Nearly everyone in the survey group supported Education, and were giving

TO CATCH A FALLING KNIFE WITH A RAZOR'S EDGE...

about 13 years ago

One need not be a stock market specialist to say that bears seem to holding the markets in a tight grip. Moods remain despondent with no major positive trigger at sight. Yet, even when there is a sense of hopelessness on Dalal Street, many are on the prowl, looking for bargains. Call them scavengers or whatever, they buy every time there is a carnage; they scavenge through the rubble, looking for a good bargain.

AKSHAY TRITIYA - MAKES NO SENSE TO BUY GOLD TODAY

about 14 years ago

Till a few years ago, was Akshay Tritiya even known or advertised like the way it is today? Most people did not even know the existence of such an auspicious day and like the various modern day concepts of Mother's Day or Father's Day, this seemingly newly discovered 'festival' has come into being. How many really know the true significance of this day? Most would say that it's the best day to buy gold

FIIs V/S DIIs - WHOM SHOULD YOU FOLLOW?

about 14 years ago

Foreign Institutional Investors (FIIs) are buyers while Domestic Institutional Investors (DIIs) are sellers and we the people, are mostly mute spectators! Many are perplexed, trying to figure out this contrarian behavior of both these institutional investors. On 12th Feb, FIIs were net buyers to the tune of Rs.604 crore,

IS YOUR MONEY WORTH IN GOLD?

about 14 years ago

Hansaben's daughter is getting married next month and she was waiting for 14th Jan, the beginning of the 'auspicious' month to buy the gold. But before she could get the money arranged and get to the shop, the Govt hiked import duty on gold from 4% to 6%. Hansaben has nothing to with imported gold yet the price of gold has risen and today

THE MONK WHO SAVED THE AIRLINES

about 14 years ago

Vijay Mallya needs to take lessons from Kazuo Inamori. He is the monk who saved Japan Airlines Co or JAL as it is popularly recognized, from the brink of extinction. Problems faced by JAL, uncannily similar to that faced not just by Kingfisher by most of the airlines in India - industry crises, heavy costs , Japan's high landing fees, political pressure

KFA - BUYERS EVEN WHEN PLANES AND PILOTS GO DOWN

about 15 years ago

Its planes have also gone. So there are lesser pilots and even lesser planes. Yet, people on Dalal Street feel that one should buy this stock this rate.

INDEPENDENCE AND DETACHMENT WAY TO SUCCESS & SUCCESSION?

about 15 years ago

The question vexing many is - Why is the market celebrating a regular rejig operation at L&T? Well, this is not a routine rejig. This is restructuring at the top management level. Mr.Naik has always been the face of L&T and it is probably plastered in our minds that he is the CMD. For that to now be split into

EVEN POST DEMONETIZATION, GOLD WILL SHINE BRIGHT IN LONG RUN

about 10 years ago

Hansaben's daughter is getting married next month and she was waiting for 14th Jan, the beginning of the 'auspicious' month to buy the gold. But before she could get the money arranged and get to the shop, demonetization happened and she realized that all the cash - Rs.500 and Rs1000 notes with which she hopes to buy gold could soon become useless.

FOLLOW WHOM - FIIs OR DIIs?

about 10 years ago

This is how it always works - Foreign Institutional Investors (FIIs) are buyers while Domestic Institutional Investors (DIIs) are sellers and we the people, are mostly mute spectators! Many are perplexed, trying to figure out this contrarian behavior

TO BUY 'VALUE' OR 'GROWTH'?

about 10 years ago

Making money alone cannot be the criteria for investing - it is the driving force but it you do not look at growth or value as two decisive factors of investing, buying shares could always remains a losing proposition. But therein lay the flaw - growth and value are like Siamese twins joined at the hip and where growth is a component of calculating value. So what this means that every

ARE YOU A COW IN A HERD - FOLLOWING DIRECTIONLESS?

about 10 years ago

Yesterday, the market tumbled down over 300 points but one stock, shined bright throughout - Aptech. No change in its fundamentals - the company ended Q1FY17 with a consolidated net profit of Rs.46 lakh, a fall of 84% (YoY). What really moved the stock price to a new 52-week high was

AS THE MARKET ZOOMS, KEEP FEET FIRMLY ON THE GROUND!

about 10 years ago

Take a look at the stocks which have hit their life time highs today – APL Apollo, Andhra Sugar, Bengal Assam, Dukes Offshore, Dwarkesh Sugar, Everest Kanto, Florence Investec ( part of Singhania group), Indus Ind Bank, India Bulls Housing, Kotak Nifty, KRBL, L&T Finance and many more.

MSCI INDEX – LETS WAIT AND WATCH ITS RECLASSIFICATION

about 9 years ago

Tomorrow, 20th June, the markets of developing economies across the world are expected to undergo a huge change. Morgan Stanley Capital International Index or MSCI Inc will be carrying out its annual review and this means that the markets are poised for reclassification. This is HUGE given the fact that we are talking about reclassification of assets worth almost $9 trillion. We are not talking about stocks to be added or deleted but it will state which market in which country will receive how much per cent of its funds.

Q4FY12 - MARKET WAITS FOR THE TRIGGER

about 15 years ago

But we are now looking at Q4FY12 and FY12. And how does it look? Rating agency CRISIL put out a report and it has given a 'tepid" outlook for Q4FY12. It expects India Inc to show a decline of 200-250 bps in EBITDA margins while it has projected revenue growth at around 15% v/s 25.5% in Q4FY11.

SO WHAT’S YOUR ‘SENTIMENT?’

about 7 years ago

There are only two prime sentiments which guide the markets – fear and greed. Too much fear can sink stocks well below where their worth. When investors get greedy, they can bid up stock prices way ahead of their value.

LOOKING FOR THE 'MIDAS' TOUCH....

about 5 years ago

Aptech, as those in the market know, is a “Jhunjhunwala” stock. It has been hitting new highs consistently for the past couple of days, irrespective of the market trend. Today too, the market is down over 200 points but the stock remains firmly in the green after hitting a new high at Rs.407.

AVIATION – GETTING READY FOR TAKE OFF!

about 5 years ago

Two days ago, it was a pleasant surprise for all of us, all of us who liked the travel experience of Jet Airways, to see that the new management has advertised for experienced pilots. The airline is hiring! And that, in these times, when the aviation sector is down and beaten down is very good news.

IPO BOOM – HOPEFULLY NOT ON THE FACE!!

about 5 years ago

The serpentine queue is only getting longer in the IPO market; all masks are off and the rush is maddening. Traders are spoilt for choice – should they day trade and play in the secondary market or should they put money in the bevy of IPOs – four opened this week and all are looking for listing gains.

WHAT’S YOUR EMOTION?

about 5 years ago

These two represent the two animals – bull and bear; when its fear, the bear stomps on the trading floors and when greed rules, the bulls cause a rampage. For investors, who are led only by long term returns, the guiding sentiment for this highly evolved or even liberated species is patience. Investors need to be immune to fear and greed, while traders have nothing to do with patience.

NOT "WHAT", ITS "HOW" TO BUY

about 6 years ago

Growth needs to be looked at from a free flowing cash perspective and how well it can be used for future growth enhancement. What is the point of a company giving high dividends and having good profits, if all its cash is to be eaten up by paying interest on the high debt it has taken?

FOLLOW THE PACK?

about 6 years ago

Today morning, BEML rose to a 10-month high on the NSE on news that ace investor, Porinju Veliath had bought some 2.65 lakh shares in the company. A couple of months ago, ADF Foods stock price literally went into a frenzy after another “ace investor” Ashish Kacholia bought shares in the company.

FED - STATUS QUO ON RATES TILL 2023

about 6 years ago

The US Fed Reserve kept rates near zero, where they are and plans to keep it there, not increase rates for the next three years, till 2023. The US markets already expected this; actually most analysts were looking at no-change for the next five years.

JUNE IIP – CONTRACTION BUT GETTING BETTER

about 6 years ago

IIP for June’20 came in at -16.6% though analysts say that it is better than the -20 to -22% most had expected. This is like saying a flood is better than a famine – both anyway indicate devastation.

BUFFETT BUYS HIS FAVOURITE STOCK – HIS OWN!

about 6 years ago

Buying back his own shares is in direct contrast with the $13 billion he made by cashing out on his entire aviation stock – the highest selling he made in 10 years. This cashing out made the already cash-flush Berkshire more so – its cash pile jumped up from $137 billion to a record high of $147 billion.

IIP MAY – ITS CONTRACTION ALL AROUND

about 6 years ago

As Covid cases spike across India, the IIP number for May 2020 does not come as a shock. At -34.7 v/s -57.6% we can only say that the contraction is a bit better, there is slight improvement as the lockdown was lifted in May. The number of units responding has improved in May 2020 as compared to the earlier months of lockdown.

FIIs BUYING DESPITE CORONA – LOVE OR INFATUATION?

about 6 years ago

More than anything else, apart from retail investors, looks like FIIs have not given up on India despite the downgrades and doomsayers. At a time when corona is peaking in India, between 1st June till 26th June, FIIs have been more buyers than sellers.

BERKSHIRE ANNUAL MEET - BUFFETT IS BUFFETT!

about 7 years ago

This year’s annual meet, like everything else was live-streamed and everyone heard and saw Buffett from the confines of their homes. It was an unusual meeting but Buffett was his usual self and continued to inspire one and all.

FALLING MARKET, BUYING OPPORTUNITY?

about 7 years ago

So when the markets are seemingly falling through the floor, what does a retail investor like me and you do? Instead of merely watching and doing, “tsk, tsk” and blaming the Govt, use the liquidity to buy some quality stocks that have hit new lows.

HAVE STOCK PRICES RUN AHEAD OF FUNDAMENTALS?

about 9 years ago

Thus if the ultimate purpose of investing is to get value for your money, then it definitely means that one has to buy stocks when quoted at lower rates and then wait for the value to get recognized by others. On the other hand, growth stocks are those which are already on the rise, have caught the investor fancy and the underlying assumption here is that growth of the company and stock price are directly linked

INVESTMENT MANTRAS ON “VALUE” BUYING

about 7 years ago

In fact many brokerages and fund houses have raised red flags on equity valuations, especially given the poor expected earnings for Q1FY20. The BSE Sensex is today trading at a valuation of over 28 times its underlying earnings in the trailing 12 months. If that does not give a resounding knock on valuations, what will?

THE GAP IS ONLY WIDENING

about 8 years ago

That’s a perfect example of how crony capitalism works in India. And that is also precisely why oligarchs are on the rise in India. In fact before the Ambani brothers made it to the “Forbes richest” rich, did we even know there existed such a list?

FIIs SIMPLY LOVE INDIA??

about 8 years ago

We Indians might currently be ruing the heat and the election tamasha but looks like the FIIs are simply loving it all! Till date, from 1st April to 16th April, FIIs have already pumped in a net of over Rs.11,000 crore into the Indian capital markets.

WHAT TO BUY? OR “HOW” TO BUY?

about 8 years ago

“Any stock worth buying?” That seems to be the constant quip every time the market goes up. Indices are hitting historic highs and stocks too, making one wonder whether it is worth buying at such high valuations.

TAKE HOME = PERFORMANCE OR ELSE GO HOME!

about 8 years ago

RBI has mooted a good idea – make a set of rules that link remuneration of bank CEOs with parameters like size of the bank’s balance sheet, bad debts, profits earned and governance record.

INFOSYS – 11TH JAN WILL BE WATCHED!

about 8 years ago

Infosys today rose over 3% and through the day, remained in the green. Oh yes, the market is enthused alright! What has almost become a yearly ritual, Infosys has once again announced a buyback. It has announced that its board will consider a buyback programme and payment of special dividend, among other proposals, at its meeting on January 11.

“PAGING” FOR THE MSCI INDEX

about 8 years ago

On the MSCI India Domestic Index, which was effective 31st May’18, 4 stocks were added – Avenue Supermarkets, Biocon, HDFC Standard Life and Indigo. The deletions are three – IDFC Bank, Power Finance Corp and Vakrangee. This was a semi-annual exercise, done every year in May and November.

THE CHASM BETWEEN SUPER RICH AND ‘OTHERS’ GROWS

about 9 years ago

That’s a perfect example of how crony capitalism works in India. And that is also precisely why oligarchs are on the rise in India. In fact before the Ambani brothers made it to the “Forbes richest” rich, did we even know there existed such a list? We knew only of a Ford car, no rich list! But today, Indians making it to the list is so routine.

AKSHAY TRITIYA - NOT THE TIME TO BUY GOLD!

about 9 years ago

Till a few years ago, was Akshay Tritiya even known or advertised like the way it is today? Most people did not even know the existence of such an auspicious day and like the various modern day concepts of Mother’s Day or Father’s Day, this seemingly newly discovered ‘festival’ has come into being. How many really know the true significance of this day?

MARKETS IN DEEP RED – WHAT TO DO?

about 9 years ago

At a time when the markets are truly down and out, hitting the red button every day, with FIIs selling equity and buying dent every day, with no evident triggers on the horizon, it is sometimes good to just sit back and take stock.

THE HUNT IS ON – WHO AFTER BUFFETT?

about 9 years ago

Two names have been doing the rounds – 63 years old Ajit Jain and 52 year old Greg Abel. Both have spent decades working with Buffett. Yesterday, JP Morgan''s Sarah DeWitt in a note said that she thinks Greg Abel will be the choice. That does not mean that Buffett is ready to hang his boots – he is active like always, thinking on his feet and could outlive many of us!

FIIs SELL AND DIIs BUY – WHAT DO YOU DO?

about 9 years ago

e DIIs sell and vice versa. Take a look at this – in August, FIIs were net sellers to the tune of almost Rs.16,000 crore while DIIs were net buyers at over Rs.16,000 crore. In the current month, till 12th September, yesterday, FIIs remained net sellers at Rs.5900 crore while DIIs were buyers at Rs.4100 crore.

PayTM: CEO seen justifying unjustified pricing.

about 5 years ago

As a cover up to the disastrous listing, company chief defended that the ‘business model’ is not well-understood by the investors