Categories : Blog (249)

Mid year review - Strategy 2H2017

As discussed in past few posts, we believe that:   (a)   Indian macro environment seems stable at present, however there is not much visibility for further improvement in near future;   (b)   Consumer inflation may ease...

BJP sprang a surprise by naming current Bihar Governor Ram Nath Kovind as its candidate for the presidential election slated to be held on Jul 17. In the run up to the BJP parliamentary board meeting to finalise the party's presidential...

Mid year review - 3

After 4QFY17 results, we have heard a number of corporate management giving positive bytes about the future outlooks, especially those from cyclical financials, capital goods sectors. Auto, consumer durable and staple producers did also sound...

Mid-Year review - 2

So far, the year 2017 has been a satisfactory one for the investors in Indian markets.   The benchmark indices have gained over 17% YTD, while the broader markets have done even better returning over 25%.   Bond prices have been...

BOE becomes Hawk, Japan to follow?

The Bank of England became the third central bank this week to send a surprisingly hawkish message.The MPC held rates unchanged as anticipated but the vote was a surprising 5-3 instead of the widely expected 7-1, with Saunders and...

Mid-Year review - 1

The current result season is almost over. Broadly the market commentary over results has been mixed. While there has been acceleration in earnings downgrades, the analysts seem lacking conviction in their view. One may call it the bull market fear....

In search of Multibaggers

One of our primary investment thesis is that human being never accept defeat, not even from Mother Nature. We fight, mostly successfully, to find solutions to the perils that threaten our existence. Smallpox, Plague, Cancer, Malaria, HIV etc. are...

Pharma to remain in doldrums

FDA Concerns and the way forward   1. FDA is streamlining processes to push those ANDA’s approvals ahead in the queue where there are fewer than three competing generic manufacturers. The policy is to target cases where there are few or no...

Agenda for transformation

The draft three year agenda released by NITI Aayog, seeks to transform all three major sectors of economy, namely agriculture, industry and services.   Insofar as the farm sector is concerned, as per the Draft, "Farmers make up nearly half...

Five debates of Global markets

  No single theme is dominating markets right now... so today we take a look at five fundamental drivers and where we stand   (1) The Fed debate   The market is juggling with three options: Here they are with the probabilities...

The 4th D: Disintermediation

Disintermediation or elimination of middlemen and replacement of manual services with mechanized service delivery in the market places is a global trend. This trend has gathered significant pace in past one decade or so.   Tighter compliance...

Salvation lies in the temple

We had written this earlier also. We are reiterating it, as we strongly believe that the roots of Indian economy shall remain weak if not reinforced and guided by our ethos - religion, traditions and culture.   We all, especially our...

OPEC cracks a deal

Saudi's Al-Falih traveled to Iraq amidst reports that Baghdad, Oman and Kuwait only wanted a six month extension to OPEC quotas. His plan worked and late in the day, Iraqi officials said they were on board.    What's puzzling is that...

Let our children grow as Indian

A few months ago, the government of Maharashtra decided to erect a colossal statue of the great Maratha King Chatrapati Shivaji off Mumbai coast, broadly on lines of the Statue of Liberty off New York coast. While we fully appreciate commemoration...

We had a telephonic conversation with a finance ministry official (name withheld on request) with respect to how Amendments to the Banking Regulation Act will strengthen the oversight committees formed by the RBI and ensure better compliance by...

Moving away from roots

Have you seen the latest TV promotion of the largest travel portal in India? The advertisement not only stereotypes a typical resident of Delhi, but also tries to generalize the socio-economic behavior of a large group of people based on their...

Dollar's faces hurdles

A bull market is like a great trader. The good days are solid and consistent, while the bad days are rare and the losses minimal. That's how the US dollar and S&P 500 are performing at the moment. A shudder hit both early in US trading, but it...

Things falling into place

The most important contribution of the present day government to Indian economy, in our view, is its national approach to some critical economic issues.   After many decades many decades we have a political party in power with such...

Talking about a faster and sustainable economic growth in India, without materially improving the state of agriculture in the country, would be totally futile and nonsensical.   The mission of the government to double farm income by 2020 is...

Failure is not an option here

In five decades of post Nehru period, there have been many national movements which have attempted to redefine the India's social, political and economic milieu. Most notable of these movements are Naxalite movement of 1960's spearheaded by Charu...

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