stocks Archives - Page 13 of 17

Prime Stock recommendation: From Tonnage to Technology

N V Chandrachoodamani / Stocks, Categories, Premium / June 21, 2022

In India too, industrial sector stocks have been doing much better in the recent past despite a sharp market correction, on the hope of an investment-led growth. We are picking up a major player from the industrial space that has its share of business from the US market as well, while transforming itself to a products and technology player.

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Prime Stock Recommendation: A cement maker in a sweet spot

N V Chandrachoodamani / Stocks, Categories, Premium / June 12, 2022

A tactical call to play the cement recovery.

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FMCG sector: Pressures mount on earnings and valuations

N V Chandrachoodamani / Stocks, Categories, Markets, Premium, Research Reports / June 5, 2022

When markets are in a correcting mode, one sector that jumps to mind for its ‘defensive’ qualities is the FMCG sector. With their staple business, non-discretionary spending holds revenues in good stead. But FMCG companies have instead corrected about 20% from their October ’21 peak. Against the Nifty 50, they have been underperformers over the past two years. So, what gives?

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Stock update: Results analysis on our niche capital goods pick

Vidya Bala / Stocks, Categories, Premium, Research Reports / May 25, 2022

In September last year, we had given a Buy call on a unique capital goods player that has delivered in a tough market, that has picked up newer opportunities and has the potential to grow well. With the March 2022 quarter results out, markets have reacted.

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Governance at mutual funds: What you should know about the inside workings

R Balakrishnan / Commentary, Categories, General, Mutual funds & ETFs / May 24, 2022

While one doesn’t know enough yet to comment on the veracity of these allegations, this does shine the spotlight on the issue of governance at mutual funds. There’s a lot of song and dance on whether listed public companies are managed in the interests of their shareholders. But what about mutual funds?
MFs are essentially custodians of public money, where both profits and losses are entirely passed on to unitholders. I give money to a fund manager to deliver a certain return from an asset class. But I am paying a fixed fee to him which he gets whether he does better or worse than the market. This pass-through nature of mutual funds means that the unitholder is most affected when the fund is mis-governed or mis-managed.

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Our response to your comments on our Axis fund call

Vidya Bala / Commentary, Categories, General, Mutual funds & ETFs / May 23, 2022

We upset a few of you with our call on some of the Axis funds last week 😊 Some of you commented on the blog and others raised tickets. We thought it would be better for us to respond through an article for the benefit of others as well.

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Adani and Holcim cement the deal – now what?

Pavithra Jaivant / Stocks, Categories, Premium, Research Reports / May 22, 2022

Last month, we analysed the cement industry in detail. In this analysis, we’d noted a few points – one, that there has been consolidation in the space, two, that companies had been deleveraging, and three, that margins have been under threat owing to pricier energy and inputs.

Adani and Holcim cement the deal – now what? Read More »

What to do with your Axis mutual funds?

Vidya Bala / Commentary, Categories, Mutual funds & ETFs, Premium, Research Reports / May 19, 2022

Axis Mutual Fund issued a public notice removing and replacing two of its fund managers, Viresh Joshi and Deepak Agarwal, from seven of its schemes — Banking, Technology, Consumption, and Nifty ETFs and Axis Value, Quant and Arbitrage Funds. This move was accompanied by speculation that the managers were suspended on front-running charges. Axis Mutual Fund hasn’t explicitly mentioned front-running charges, but it has confirmed that it has been investigating “potential irregularities” with the help of external advisors.

What to do with your Axis mutual funds? Read More »

Result update: 2 reasons why IT stocks are correcting and what to do

N V Chandrachoodamani / Stocks, Categories, Premium, Research Reports / May 15, 2022

A year ago, when we did the result review of the IT stocks after the Q4FY21 earnings, the sector was moving to a new orbit on the back of robust growth prospects.
The Covid-19 pandemic increased the urgency of digital transformation for enterprises across the globe, and this paved the way for the IT sector to emerge as a strong growth story. Since we wrote about this last year, the sector has delivered stellar earnings performance during and post pandemic.

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Godrej Agrovet – what’s firing and what isn’t

N V Chandrachoodamani / Stocks, Categories, Premium, Research Reports / May 8, 2022

Godrej Agrovet is a conglomerate with businesses spread across the agriculture and protein supply chain. It is in animal feeds, palm oil extraction, agrochemicals, dairy and frozen foods. The business has commoditised parts, seasonal parts and valued added parts.

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IPO Review: LIC IPO – 3 factors to consider before subscribing

Aarati Krishnan / Stocks, Categories, Premium, Research Reports / May 3, 2022

The Indian government, deciding to take its chances with market moods, has launched the long-awaited IPO of Life Insurance Corporation of India (LIC). This is entirely an offer for sale by the government to offload 3.5% of its holdings (2.21 crore shares) to the public, at an offer price band of Rs 902-949. LIC will not receive any proceeds from the sale. Retail bidders will get a Rs 45 discount while LIC’s policyholders will get a Rs 60 discount.

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What they don’t tell you about M&A

R Balakrishnan / General, Categories, Markets / April 24, 2022

In an M&A, company A buys out company B, triggering positive and happy noises in the market. Share prices of both companies jump in joy on the announcement. The news then gets digested and analysed. Shareholders of both companies realise after a bit, that they should have sold out in the first few days after the announcement, rather than swallow stories of ‘synergies’, ‘cost savings’, ‘market leadership’, ‘inorganic growth’ and other jargon that are usually peddled to sell mergers, in company releases and analyst reports.

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