Stocks
Prime Stocks update: How this EV player is placed now
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N V Chandrachoodamani
January 26, 2023
10 Comments
PrimeInvestor - Articles and Reports
General
Fundamental analysis or technical analysis: which is better?
There are more theories on what works in stock investing than there are listed stocks. Each one seems to be successful at some point in time. However, there is still no single universally applicable formula. I am still in search of that magic formula. If any of you do find one, please post it in the comments section.
But if there can be said to be two warring camps on the right approach to stock investing, these are usually fundamental analysis and technical analysis. Both have loyal camps of followers who swear that their method works best.
R Balakrishnan
January 24, 2023
9 Comments
Stocks
Prime Stocks: An ER and R&D services company focusing on high-growth opportunities
This leader in engineering and R&D services is differentiated from other large IT players and is focused on high growth opportunities.
N V Chandrachoodamani
January 20, 2023
No Comments
Stocks
N V Chandrachoodamani
January 19, 2023
5 Comments
Markets
Prime Equity Outlook 2023
In our Prime Equity outlook in 2022 we said “We would expect any correction triggered by global rates to take the Nifty 50 down to the 12,500 to 15,000 range. In this range, investors should deploy cash and swoop in on buying opportunities rather than develop cold feet!”.
The equity market world over did see a correction in 2022 along these lines and as geo-political factors took hold. Indian markets too, experienced a rout in the first half of the year hitting close to our predicted range at 15,200 by mid-June.
Even so, India did a lot better than its emerging market peers. The Nifty 50 closed the year on a positive note, with a modest 4% return. Simply buying the Nifty 50 would have delivered a good 18% from June until December 2022. Our own stock picks delivered well in 2022, too.
But with global recession on the cards, still high Nifty 50 and a hostile rate scenario, can 2023 be better than 2022? For Indian markets, there are some key trends that we think can play out. We look at where the Nifty 50 could be headed, and where opportunities lie.
N V Chandrachoodamani
January 15, 2023
4 Comments
Markets
A new approach to gauge market mood – The Nifty VMI tool
“Is this a good time to invest in the market?” This is a question that many of you ask us when you want to deploy additional money. Gauging market mood is never easy and this is often done mostly by short-term traders. When investing for the long term, we typically tell you that it is best to invest in phases and avoid trying to time the market. Investing in phases (or call it SIP) and holding for the long term can help contain downsides and it is a proven strategy.
Vidya Bala
January 12, 2023
28 Comments
Markets
Technical outlook – where the Nifty 50 could be headed in 2023
In the previous update on the targets for the Nifty 50, the expectation was that the index could head to the next target at 19,100. Contrary to expectations, the index has been in a correction phase in the past few weeks. In today’s report, thus, we try to assess both the short-term and the medium-term outlook for the Nifty 50 index.
B Krishnakumar
January 10, 2023
5 Comments
Stocks
Prime Stocks performance review 2022
In this report, we look at the hits and misses of our Prime Stock calls this year and what we will do to add more value next year.
PrimeInvestor Research Team
December 20, 2022
10 Comments
Stocks
Technical outlook: Can the new Nifty 50 targets be extended?
It’s been interesting times for the Nifty 50 in the past month! As we observed in the previous update, the Nifty 50 index remained bullish and managed to reach the first target of 18,640-18,700 zone that we had set. The index appears on course to reach even the second target of 19,100 mentioned in the outlook last month.
B Krishnakumar
December 13, 2022
2 Comments
Stocks
IPO Review: Should you take a sip of the Sula Vineyards IPO?
Sula Vineyards is launching an IPO worth Rs 960 crore, consisting solely of an offer for sale by investors including a 1% stake sale by the promoter. The offer for sale will result in approximately 32% of equity being sold by the selling shareholders with the promoter stake at ~28% post-issue. The issue opens on December 12 and closes on December 14. Shares are being offered at a price band of Rs.340-Rs.357 per share of face value Rs 2. This being an offer for sale, the company will not receive any funds from the issue.
N V Chandrachoodamani
December 11, 2022
4 Comments
Stocks
Are you looking for the next HDFC Bank?
There is no dearth of stock market stories about the next HDFC bank or the next Page Industries or the next Dixon Technologies. In the recent IPO boom, this comparison went to the next level – comparing Indian companies with global giants.
But this kind of chasing the next big multi bagger, has seldom yielded rich dividends for investors.
N V Chandrachoodamani
December 4, 2022
4 Comments
Stocks
Re-rating: The X factor in multi-bagger returns
Ask any new CFA pass-out what drives stock returns in the long run and he’ll likely tell you that is earnings, of course! Equity analysts spend many man (and woman) hours on excel sheets, trying to model the future earnings of companies, to identify stocks to bet on.
But if you look at the journey of multi-bagger stocks over any time period, you’ll find that there’s an X factor apart from earnings that drives multi-bagger returns.
Aarati Krishnan
November 29, 2022
5 Comments
