Indian Equity Research and Investment Strategy
Bajaj Finserv is doing a rights issue priced at Rs650 /share which would translate into Rs9.4bn. The company would be issuing 1 share for every 10 shares. According to the management the proceeds would be utilized for Bajaj Finance’s capital requirements. The record date has been fixed to 8th September 2010.
Bajaj FinServ’s life insurance business has posted APE growth of 30% in 1Q vs the industry’s flat growth, mainly driven by distribution channels and an exceptional (more…)
JSW Ispat has been merged with JSW Steel. While the transaction will be completed by end FY13, the merger will be effective from July 2012. JSW Ispat shareholders will be issued one share of the merged entity for every 72 shares of JSW Ispat. With this transaction, JSW Steel‟s outstanding shares will increase from 223m to 241.7m.
For Ispat, of the Rs3.5-5 bn of synergies from the merger, Rs2.5 bn is expected to come from interest cost (more…)
It is a matter of great concern that Indian Household savings in Financial Products hit a 22 Year Low due to sustained High Inflation and Poor Governance of the Dr. Manmohan Singh Government embroiled in the Greatest Corruption scandals in the World.
This shift in composition is not surprising. In a continuously 3 year high inflation (more…)
Readers, bear with me as this post is non-investment related, but essential since the basic integrity of every Indian will be questioned because of irrational behavior from esteemed men holding top offices in the Government of India.
Dr Manmohan Singh, Honb’le Prime Minister of India in my opinion has the best chance to take (more…)
Today the market hit a 52 week high. [Follow us on Twitter here] and the question arises to many minds, are we in a Bull Market ? Before we answer the same, let us study what Quantifies and what Parameters Set-in for the Bull market in Indian Equities.
Historically, in our Stock Market, the following three parameters have been determining factor- steepening of the yield curve, expanding profit margins and attractive valuations. Other less important yet required factors are (more…)
Infrastructure Financier, IDFC reported profits of Rs3.8bn (+21% YoY, 13% QoQ). Loan book grew by 4% QoQ and 34% YoY
(vs. 10% QoQ, 28% YoY in QE Mar-2012). IDFC disbursed Rs45bn of new loans this quarter – vs. Rs60bn in QE Mar-12.
Incremental disbursements this quarter were driven mainly by the energy (more…)