A few days back, I wrote an article on various debt mutual funds and what investors must consider before investing. Some of the questions I received gave me the idea of writing this part 2. I will try to explain basic debt fund terminology here. What is Yield to Maturity (YTM)? Debt mutual funds, being market…
L&T Finance Holding Stock Analysis
L&T Finance Holding Limited (“L&T Finance” or the “Company”) is promoted by one of India’s leading construction companies- Larsen & Toubro (L&T). The Company offers a comprehensive portfolio of financial products and services through its wholly-owned subsidiaries. L&T Finance’s lending activities are divided into 2 segments – Retail (which accounts for ~53% of AUMs) and…
Tata Elxsi Stock Analysis
TATA ELXSI STOCK PRICE: Rs. 778 Tata Elxsi Limited (“Tata Elxsi” or the “Company”) is amongst the world’s leading providers of design and technology services across industries including Automotive, Broadcast, Communications and Healthcare. Tata Elxsi is helping customers through design thinking and application of digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual…
Why I Don’t Disclose
A few days back somebody asked me why I do not disclose the portfolio of stocks I am holding. He went on to ask me if I have sold Maruti Suzuki, a stock I had never ever purchased. He showed me an article where I was quoted as saying “ …. It makes a good…
Which Debt Mutual Fund Should You Buy?
Over the last few weeks, I have been reading many articles on various aspects of debt fund investing. I have also received many queries on where investors should park their money to cushion against stock market uncertainty. To quote some of the more relevant questions: Are debt funds safe? So many companies are defaulting, will…
NEITHER A BULL NOR A BEAR – A CREDIT CRISIS VIEW
Over the past few weeks, I have made some major changes to client portfolios. The ongoing credit crisis perhaps has changed my general tone on stocks, and other financial assets. I am not trying to rein in on anyone, nor suggest that a Multicap approach is astute right now, yet some of the things I…
NIFTY PE (Price Earnings Multiple) – FAIR VALUATION STUDY
With all this talk about Nifty PE ratio and what is most likely going to be a deteriorating earning season, I decided to have a look at how expensive/ cheap each stock on the Nifty really is. Of course, in absolute numbers, now at 9,266; historically speaking, Nifty is fairly valued at a P/E multiple…
Cadila Healthcare Stock Analysis
Price: Rs. 253.75 Date: March 30th 2020 Cadila Healthcare Limited (“Cadila” or the “Company”) is a pharmaceutical company that discovers, develops, and manufactures a broad range of healthcare products including human formulations, veterinary formulations and drugs, diagnostics, herbal products, skin care products, Over the Counter (OTC) products and Active Pharmaceutical Ingredients (APIs). The Company has…
Financial Planning for a Post Coronavirus World
Things continue to go from bad to worse in terms of the coronavirus epidemic. Yet the stock markets have recovered up to 20% of their losses over the past 2 week. As an investor how should you go about your financial planning? The answer to this is not very different from how you should have…
Voltas Stock Analysis
Date: 3 April 2020 Price: Rs. 472 Voltas Limited is the one of the India’s largest air conditioning company. The Company is also one of the most reputed engineering solution providers specializing in project management. The Company also provides its expertise across Technology, Engineering, Construction, Cooling and Ventilation, Infrastructure Projects, Textile, Mining and Manufacturing sectors. Voltas…
Diagnostic Stocks to Benefit from Covid-19 Hit
With the rise in the number of reported novel coronavirus (COVID-19) disease cases in India, the government on 18th March 2020, allowed private diagnostic labs to start testing for coronavirus samples. This could have a positive impact on the price of diagnostic stocks. The nationwide lockdown in the wake of coronavirus outbreak will lead to sharp…
Valuations are finally cheap – Here’s an answer to your questions
DO YOU KNOW, every time markets are trading below valuations of 16, they deliver 34% returns over the next 3 years. When trading between 16-19, they deliver 20% over the next 3 years. When trading above 19, the returns are only 3.4% for the next 3 years. But what does it really mean when someone…
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