Category: Equity Research

In the last 6 months, apart from regular tweets, their wasn’t much to update. As the economy grows, it creates an affluent class of people – Businessmen, Professionals, etc. The disposable money these affluent class a.k.a HNIs will have is mind boggling. They first celebrate and satiate their lifestyle by zipping past in cars, then dream home and now the surplus finds its way in Art and other collectibles. Philately [Collection of Stamps] and Numismatics [Collection of Coins] is a hobby for many but it has opened the doors for investments as well. Today we will touch upon Numismatics as an investment.

As you all know we are conservative in (more…)

It is well known fact that Indian consumers hold over $1 Trillion Worth of Gold. Their fascination for Gold is never ending. However, this has been a blessing in disguise as volatility in global economy increased and Gold became the unspoken currency standard for Trade. It is surprising to know that Gold is threatening to displace Equities as the Best Asset Class even in Longer Periods such as 10 Years and 15 Years.

Gold has outperformed other asset classes (more…)

Over the past few months or almost a year now, the investment climate in India is certainly not in favor of Equities. Here is complete analysis on the top 5 issues affecting Investors caught in tight position from committing more funds to our Economy.

Scam Ridden GovernmentThe damage has been done, but recent flip-flop on FDI in pension funds, Insurance, Retail and power tariff revisions suggest that the bad news is coming to an end but the Politics of India’s Largest State Uttar Pradesh is making the (more…)

HDFC Bank (HDFCB) has matched its historical run-rate (Y-o-Y) of 30% plus. Net profit grew 33% yoy driven by strong loan growth of 30% yoy and 10% qoq, stable sequential NIMs despite a
rapid rise in deposit rates, and robust asset quality.

NII grew by a moderate 18.6% YoY to Rs28.5bn led by a modest but healthy credit growth (20% YoY and 9.7% QoQ) while NIM (more…)

Infosys Technologies, once upon a time the bellwether of the Global Outsourcing Industry, in our view has failed to move past the point of inflection and is Done company [Company which can’t grow QoQ, is Done and Matured enough with Fat & Contended Management] for Investors looking for a Stock that can beat the benchmark. [Evident from the Sell-Off]

1QFY12 turned out to be a weak quarter as Infosys dealt with multiple issues on reorganization, high attrition levels and operational (more…)

For the last few months even we were disturbed by the events that were unfolding in the Political Capital – Scams, Massive Corruption,  Government Sponsored Violence on Peaceful Protesters [Web users compared this to tiananmen square], Shooting of Investigative Journalists and the arrogance of the Central Government led by the Weakest Prime Minister to accept his Government’s fault and correct on the same.Foreign Institutional Investors have lost hope on Indian Government and its ability to take policy decisions.

Adding to the Government’s woes, Sonia Gandhi flying to Switzerland (more…)