After a sharp correction in the month of January and the first week of February we have seen markets stabilize and have been trading in a narrow range over the last few days. There have been a number of news flows affecting the markets the prominent among which is the crisis in the PIGS countries […]
Read MoreThe Microfinance (MFI) industry in India has grown rapidly over the last 3-4 years and as per latest estimates the total credit outstanding in this industry stands at Rs 12000 Crores and is growing at the rate of over 90% per annum. The repayment rate of MFI’s is an amazing 98%. Generally MFI’s are praised […]
Read MoreI will start with an interesting poll result I came across (unrelated to the headline of the post) – More than 60 percent of investors surveyed by Bloomberg on Jan. 19 said they viewed China as a bubble, and three in 10 said it posed the greatest downside risk. The quarterly poll interviewed a random […]
Read MoreDisclaimer – The article is not a recommendation for the purchase or sale of any stock The NTPC sale was the first large scale disinvestment taken up by the government after it has come into power in May of last year. There was a tremendous euphoria build up for the issue with various news sources […]
Read MoreAnd general thoughts I was generally interested to see what kind of outperformance in the Indian context is required on a consistent basis to outperform in the long run. The results will be surprising for most people as the magnitude of outperformance that is required is not so high as what is perceived. The reasons […]
Read MoreOver the last few days the stock markets in India and Globally have corrected sharply driven by various concerns on inflation, growth, roll back of stimulus measures, Chinese tightening and finally expectations from today’s RBI policy. There were also concerns on market valuations going on but these are not so relevant in my view as […]
Read MoreOver the last few days we have seen stock markets globally correct sharply. This fall started with news flow from China regarding monetary tightening and reining in of loan growth. This has been followed up by news flow from Europe regarding deteriorating position of guess who, off course countries like Greece and Spain. The top […]
Read MoreContrary to most expectations the US Dollar Index has started to appreciate from the beginning of the current year and after moving down in the initial part of the current month has appreciated sharply. In general most people tend to track this index and form views on the direction of currencies other than those comprising […]
Read MoreOver the last few weeks the news flow on how some prominent global commentators believe that the Chinese economy is a bubble and that it is likely to burst sooner than later has been gaining ground. The key for us to see is that whether it is based on proper analysis or is it wishful […]
Read MoreThe next three months are likely to see several forces playing on the markets which are likely to exert pulls on the markets on different sides. On one hand we are likely to see positive contributors towards the markets which will be in the form of improving earnings picture. The third quarter results in general […]
Read More