Get updated on the recent macro and micro trends in various sectors as well as Indian and Global markets.
Midcap strategyMidcap strategy
19 Apr 2017In the past five years (FY12–17), Indian equities have done well with the NIFTY returning an average 12% p.a. and the NSE Midcap outperforming NIFTY by a whopping 50% during the same period.
Economy Update: Eco - tradeEconomy Update: Eco - trade
19 Apr 2017Genuine improvement in exports provides additional avenue for GDP and income growth. 40% of exports improvement in March was led by petroleum, another 20% by gems & jewelry and the remaining came ~ equally from spices, pharma, engineering goods and apparel.
Sector Update:Logistics MonitorSector Update:Logistics Monitor
19 Apr 2017Mar’17 cargo acrossMajor Ports grew 9.5% YoY (FY17 growth at6.8%), as per Indian Ports Association (IPA).
Sector Update:MediaSector Update:Media
12 Apr 2017TRAI’s proposed regulatory changes on content parity may drive structural change in the entire value chain (Broadcaster – Distributor – Consumer); however, we see significant execution challenges and possibility of prolonged legal wrangle.
Sector Update:AutoSector Update:Auto
10 Apr 2017After Supreme Court’s verdict on BS-3 vehicles, for the first time ever, discount levels for 2Ws and CVs are changing almost every 2 hours. Dealers are taking real-time assessment of the extent of discount required to liquidate unsold inventory by tonight (EOD 31st March).
Eco Update: India in numbers Mar-17Eco Update: India in numbers Mar-17
29 Mar 2017Bank lending rates may not fall materially from here… Stiff competition from smaller nimbler savings banks, and mutual funds/ life insurance promising guaranteed returns on their fixed income portfolio leave little room for large banks to cut deposit rates. In addition, regulated savings rates lik..See Full Description
Quick Note: USD-INRQuick Note: USD-INR
24 Mar 2017Flows are offsetting an obvious over-valuation of the INR. RBI to keep seeking risk-off opportunities to correct this. We forecast INR at 68/69 for end-FY 18/19, translating to an average of 67.0/68.7 for FY 18/19.
Sector Update:Telecom - Idea and Voda mergerSector Update:Telecom - Idea and Voda merger
24 Mar 2017Merged entity on a strong footingwith substantial spectrum holding (No.1 in total spectrum, No. 3 in sub-1 GHz spectrum), highest broadband capacity, larger scale of 273K sites (69% broadband), and market share (RMS: 41%; No. 1 or 2 in 21/out of 22 circles)
Auto Conference 2017 - Key TakeawaysAuto Conference 2017 - Key Takeaways
24 Mar 2017These were just few of the topics discussed at our 3rdAnnual India Auto Conference. This year we had 15 participants –a good blend of OEMs, ancillaries, financiers & dealers meeting ~140 investors across ~80 funds.