Expense Ratio: the amount an investor pays to a fund manager every year to manage his money. Expenses include fund management fee, agent commissions, registrar fees, and selling and promotional expenses. Note: According to regulation 52 of SEBI Mutual Fund Regulations, there are limits on the total expense ratio (which includes investment management and advisory fees) charged by mutual…
Kaveri Seeds Company Limited (“Kaveri Seeds” or the “Company”) is one of the fastest growing seed company in India with a market share of ~15%. With one of the largest collection of crop germplasm in the country, Kaveri Seeds’ draught and disease resistant as well as high yielding hybrid portfolio includes Cotton, Corn, Rice, Jowar,…
Bajaj Finance Limited (“Bajaj Finance” or the “Company”) is a subsidiary of Bajaj Finserv Limited and is one of the leading asset finance NBFCs. The Company has a diversified lending portfolio across retail, SMEs and commercial customers. Bajaj Finance also operates through a 100% subsidiary called Bajaj Housing Finance Ltd. which is registered with National…
What is Structured Product? Structured product is a hybrid investment instrument which combines investment instrument such as equity, commodities or derivative to earn a fixed or variable rate of return with pre decided minimum fixed return. The combination allows the product to maximize the probability of generating higher than expected return while keeping the downside…
On year-on-year basis (from Q4 FY 2018 to Q4 FY 2019), Nifty 50 earnings – Q4 FY 2019 showed a growth of 11.08%. In comparison, average stock prices went up by 5.11% during the same period**. *Based on 34 companies which have declared results **Based on stock prices as on 16th May for each year. Current PE Valuation of…
Dixon Technologies Limited (“Dixon” or the “Company”) is engaged in manufacturing products in the consumer durable, lighting and mobile phones markets in India. Price – Rs. 2279 Date – 16th May, 2019 Their diversified product portfolio includes: Consumer electronics like LED TVs Home appliances like washing machines Lighting products like LED bulbs and tubelights, downlighters…
Fortunate are those who never studied the relation between stock prices and corporate earnings. Anybody who did would certainly have missed out on this year’s stock market rally. The purpose of writing this article is to analyse what led to the market rally followed by this week’s sell-off, and to present a stock market outlook…
In this article, I will be discussing the various stock valuation methods used to arrive at a fair value or the target price for the company. To illustrate this, I will take Reliance Industries to explain the different stock valuation methods. [1] Stock Valuation Method – Peer Comparison In this valuation method, we compare a…
Delta Corp Limited (“Delta Corp” or the “Company”) is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. The Company currently own and operate casinos in India, in the states of Goa and Sikkim, offering approximately 1,800 gaming positions. In addition, the Company has also ventured into the…
On 18th December, 2018, IDFC Bank Ltd. and Capital First Ltd. announced the completion of merger and the merged entity will be called IDFC First Bank (“IDFC First” or the “Bank”). Current Price (10th June, 2019) – Rs. 42.10 Market Cap – Rs. 20,180.24 Cr. Promoter – (IDFC Financial Holding Company Limited) – 40% stake. IDFC…
Polycab India Limited (“Polycab India” or the “Company”) is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods (FMEG) such as electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories. Polycab India is the largest wires and cables manufacturer in India, in…
Asian Paints and Kansai Nerolac – Business Description Asian Paints – Asian Paints is the industry leader in the decorative paint segment with 53% market share and a dealer network of over 55,000 across India. It derives 77% of its topline from the decorative segment. Asian Paints along with its subsidiaries have operations in…
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