Indian Equity Research and Investment Strategy
How to Get More Returns in Mutual Fund SIP with Swing Strategy ?
Max Life Insurance – Revised Deal, Positive for Max Financial
Will the Digital Neo Banking Platforms Succeed in India ?
Should you own the Life Insurance Business ?
Does HDFC AMC deserve High Valuation ? Review
Valuation of Indian Markets & Relentless FII Selling
Why Indian StockMarket Quoting at High P-E ?
Why Value Investing Does not Work in India ?
Indian’s Obsession towards Gold has increased in the past 5 years despite rising prices. Data suggests that demand for Gold has been secular and is not linked to either inflation or alternative investment opportunities.
IN the last 4 years, Gold has performed largely in line with Sensex and has delivered a better risk-adjusted-return, suggesting that the relationship could endure for some time to come. (more…)
Jocil Ltd (JOCIL) was incorporated in 1978 by the Jaylakshmi group of companies. The product portfolio of JOCIL includes Stearic Acid Flakes, Crude/Distilled/Hydrogenated fatty acids, Soap Noodles, Toilet Soap, Refined Glycerine, Industrial Oxygen and Pitch (By product). It is also involved in power generation and distribution. The installed capacities for various products are as under.
JOCIL is an old and established player (since 1978) in the soaps and its raw materials market. It manufactures Fatty Acids, Soap Noodles and Toilet Soap on job work basis for reputed customers. The products manufactured are marketed directly from the factory (more…)
The wellness industry covers a large number of services including personal health counseling, fitness, beauty services and others.
Within this, fitness segment viz gyms market size is estimated at US$113mn and is growing at a healthy pace. Fitness industry should benefit from several structural positives prevalent in the domestic market.
Talwalkars Better Value Fitness (TBVF) is amongst the largest fitness chains in the country operating 66 health clubs (including (more…)
Goldman Sachs Analysts have set a new theme of China being a threat to the Indian IT Services industry. As for any meaningful competitive threat to Indian IT from Asian countries, China is potentially the most threatening in our view. But there are material
challenges for Chinese companies to accomplish this. Goldman came to the view that anecdotal evidence is exaggerated and a meaningful challenge to Indian IT’s global market share might not occur till 2015. We project the Indian IT sector to continue to grow (more…)
Pantaloon’s 4QFY10 revenues grew 91% yoy to Rs31.8bn. The underlying samestore sales growth (SSSG) for value retailing was 11%, while the lifestyle SSSG came was 19%. EBITDA grew 15% yoy to Rs2.1bn. PBT (pre-ex) grew 36% yoy to Rs750mn due to higher other income. Tax reversal led to adjusted PAT growth of 154% to Rs927mn.
Lifestyle-retailing delivered SSS growth of 19.4% YoY on a normal base quarter. Valueretailing SSS grew 11.5% YoY – marginally slower growth than in 3QFY10, but on a much stronger base quarter. Home-retailing SSS grew 57% YoY on a very weak 4QFY09, (more…)
We have been able to obtain a copy of the Direct Tax Code Bill as Introduced by the Government in the Lok Sabha. As discussed earlier by our Analysts, the content in the new bill is very similar. Major Changes apart from what is already discussed is,
