Dalal Street

Market participants are worried about inflation, rich valuations, high earnings expectations and the rising external deficit (especially in the context of volatile global financial markets). Morgan agrees with the last issue but is more sanguine about the implications of inflation, the state of valuations and the prospects for earnings. On the whole, remain constructive on Indian equities but remain wary of pressures from external sources.

High inflation will hurt equities – (more…)

Mundra Port and SEZ is the developer and operator of
India’s largest & fastest growing private sector ‘landlord’ port. MPSEZ’s asset portfolio is planned to synergize its core port operations and offer end-to-end services on the logistics value chain. ICD + container rail operations will serve as feeders to the port, and SEZ growth should help drive cargo traffic volumes.

Besides potential for scalability at MP+SEZ, the company is actively bidding and developing new ports/terminals in India – a (more…)