CP | Dalal Street

Narendra Modi Puts Gujarat on the Stupendous Growth Highway – Delhi / Maharashtra A Shame

October 19, 20123 min read

In the last decade of being the Chief Minister of Gujarat, Mr. Narendra Modi accelerated the already progressive state of Gujarat to put it on the growth curve which no other state – Delhi or Mahrashtra with massive support from Central Government can match.

Industries in Gujarat
Gujarat has bucked overall trend of depending on Agriculture and industry still accounting for 40% of GSDP vis-a-vis 27% for India. Gujarat also scores well when compared to other industrialized states like Maharashtra and Tamil Nadu, which have been witnessing fall in share (more…)

Equity Research

Relaxo Footwear and Mayur Uniquoters – Review & BUY

October 6, 20123 min read

The large size of Indian population is a blessing in disguise for Footwear Retail Chains. It is is treading growth path, backed by benign demographics, rising affordability, increasing incomes and evolving tastes. Organized Retailer control 30% of the Footwear market in India. Bata took the initial lead to expand 8 years ago and has seen the fruits of its investments. Today, we’d like to recommend two stocks in the footwear industry – Relaxo Footwear and Mayur Uniquoters as recommended by Anand Rathi Research in a report. Both Bata and Relaxo are looking at expanding distribution network. Bata is emphasising on tier II/III cities, whereas Relaxo pan India. (more…)

Economy, Markets and Macro Views

Is the Rally on Back of Strong macro Economic Measures or Global Liquidity ?

October 5, 2012April 18, 20202 min read

Several Large Institutional Investors have been focused on India’s tepid macro [For beginners, Read macro as Govt, RBI, etc – Policies & Measures ]and missed the proverbial “market” boat. The market has seemingly defied a bad macro and made gains through 2012 even before recent events unfolded.

Bad Macro does not necessarily mean Bad Earnings for companies – GDP growth is crucial to corporate fundamentals. However, a high GDP growth does not mean high profit growth and vice versa. Profits are about revenues and (more…)

Breaking Corporate India Earnings News

Government Continues with Reforms – FDI Insurance, Pension, Companies Bill

October 5, 2012October 5, 20122 min read

The Union Cabinet has cleared a slew of important bills such as hiking FDI in insurance and pension sectors which have been pending for a while. Importantly, these bills need to be approved by Parliament before becoming a reality.

Continuing with the reform process, the Union Cabinet today cleared several important bills as follows, (more…)

Economy, Markets and Macro Views

What is the Impact of CRR Cut by RBI on Indian Banks ?

September 20, 20122 min read

2 days ago the RBI cut the CRR by 25bps leaving the policy rates (repo / reverse repo) unchanged at 8.0/7.0%, respectively. The Chart on your Left shows 25bps CRR cut impact on Banks.

Most banks have already cut rates across products by +25-75bps (home, auto, SME), while leaving key “Base Rates” unchanged. Analysts expect banks (more…)

Breaking Corporate India Earnings News

Diesel Prices Hiked by Rs 5 + LPG Restricted to 6 Per Year – Fiscal Reform Finally

September 13, 2012September 14, 20122 min read

Finally, the Manmohan Singh Government has taken a strong decision to hike the Fuel Prices, especially Diesel where State Oil Marketing Companies had been losing heavily. Effective Midnight, the following measures come into force,

Hikes diesel price by Rs.5/litre
LPG subsidy limited to 6 cylinder per family per year which means 7th cylinder you buy for a family will come at Rs.750/cylinder versus the rate of Rs.399/cylinder
Some reduction in excise duty
Branded/Power diesel will be sold at market rates

That’s the difference the (more…)

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