EDELWEISS INSTITUTIONAL RESEARCH
Know Your Fund Manager | Niket Shah, Chief Investment Officer, Motilal Oswal Mutual Fund
My educational journey began with a Bachelor's in Commerce from RA Podar College and an MBA in finance from Welingkar's Institute of Management Studies.My professional journey has been marked by a series of deliberate steps, each contributing to my growth and expertise in the realm of finance. Currently, I serve as the Chief Investment Officer, entrusted with the critical responsibility of overseeing our investment strategies and driving performance excellence, says Niket Shah, Chief Investment Officer, Motilal Oswal Mutual Fund.
Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others
Power Grid, Shree Cements, Trent, Zydus Lifesciences, Info Edge (India), Indian Railway Catering & Tourism Corporation, Cummins India, Alkem Laboratories, UNO Minda, Prestige Estates Projects, among others will release their Q2 earnings on November 7
One for the portfolio: 4 liquor stocks which withstood all the brunt, from sin tax to prohibition
It is not only in India, but in a large number of countries across the world, liquor is a heavily taxed business. Despite being heavily taxed, if one looks at the long term trends, it is business which grows at a certain rate irrespective of all headwinds. In India, liquor is a state subject and many state governments publicly say they don't want to grow, but if one looks at their revenue collection numbers it is clear they cannot stay without it. Despite all the headwinds, what is that which makes them grow?
Global cues, FII action, F&O expiry among 9 factors to drive Dalal Street this week
Foreign portfolio investors, which turned sellers in the domestic market early this month, remained so in the week gone by. So far in September, they have net sold Indian equities worth Rs 10,164 crore, according to NSDL data. In the cash market, FII sold shares to the tune of Rs 18,260 crore, so far this month.
'Never underestimate power of a nari in a saree.' Edelweiss MF CEO Radhika Gupta in awe of female ISRO scientists
India has become the fourth country to successfully land on the moon's surface, with the Chandrayaan-3 mission. Prime Minister Narendra Modi met with the women scientists involved in the project and praised their contribution.
TVS Supply Chain shares see muted listing. Should you buy, sell or hold the stock?
Given that this IPO's subscription was relatively lower in the recent past over high valuations, the listing was above expectations.
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TVS Supply Chain shares to list on Wednesday. What GMP signals
The qualified institutional buyers (QIB) portion was subscribed 1.35 times, while the non-institutional investor (NII) segment was subscribed 2.35 times. The retail individual investor category saw bids for 7.61 times the shares set aside for them. The issue was sold in the price band of Rs 187-197 per share
TVS Supply Chain Solutions shares list at 5% premium over IPO price
"Although TVS Supply Chain Solutions is a leading supply chain management company, it operates in a highly competitive industry and has reported losses in the past two years. Additionally, the valuation of the IPO was also very high," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.
You might contribute to their topline this evening; 4 liquor stocks which bear all brunt, from sin tax to prohibition
Couple of weeks back, there was a news report about Karnataka raising excise duty on liquor which made some stocks witness a sharp decline. It was not the first time that in order to raise resources any state government has raised taxes. As the election season approaches, we might see some other states also doing the same. But sometimes, these developments are just short term sentiment dampeners but don't affect long term business, rather they provide an opportunity for both traders and long term investors.
Hybrid schemes gain traction; attract Rs 14,000 cr in June qtr
Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold.
Liquor stocks: From sin tax to prohibition, only some can weather it all
It is not only in India, but in a large number of countries across the world, liquor is a heavily taxed business. Who has survived, one big factor in this business is the establishment of the brand. History is filled with examples, where companies have gone down because they invested too much in brands that did not do well, however they still survived for another day to launch a brand.
You might contribute to their topline this evening; 4 liquor stocks which bear all brunt, from sin tax to prohibition
On Friday the news of Karnataka raising excise duty on liquor made some stocks witness a sharp decline. It is not the first time that in order to raise resources any state government has raised taxes. But sometimes, such events are just short term sentiment dampeners but don't affect long term business.
Nandan Nilekani donates Rs 315 cr to IIT-B; Snapdeal boss Kunal Bahl, Nearbuy founder Ankur Warikoo call it inspirational
Infosys co-founder and Chairman Nandan Nilekani has donated $38.5mn to his alma mater, the Indian Institute of Technology (IIT) Bombay. This will support the institute's vision to be a global leader in engineering and technology.
Nifty FMCG index stocks have lots of ‘buy’ recos & few ‘hold’; will analysts be right?
It was after a long period of time, When FMCG companies were announcing In theirQ4 earnings, the street was reacting. A number of times the reaction was positive. However, when one looks at bit deeper, it appears that while analyst are bullish but We take a look at what analysts are saying for select financial service stocks.
4 MFs cut stake in ITC in April even as stock surged. What should investors do?
Four domestic fund houses have reduced their exposure to ITC, one of the top holdings of many mutual funds, in April, despite the stock hitting all-time highs. Nippon India MF sold a stake worth INR157cr ($21m) in the FMCG conglomerate, while ICICI Pru MF has offloaded stocks worth INR426cr. SBI Mutual Fund and Tata Mutual Fund sold shares worth INR376cr and INR118cr, while only Sundaram Fasteners MF has added a stake worth INR43cr. Overall, mutual funds combined have decreased their holdings in ITC by 6.1 million shares.
Liquor stocks weather it all! From sin tax, prohibition to multiple bear attacks on D-Street
Liquor is one of the most taxed businesses in the country. A bottle of a particular brand which cost Rs 400 in one state may cost as much as Rs 1200 in another. State governments don't want to lose their power to tax liquor business. Another big factor in this business is the establishment of the brand. History is filled with examples, where companies have gone down because they invested too much in brands that did not do well, however they still survived for another day to launch a brand.
Notwithstanding Hindenburg report, 5 mutual funds shopped for Adani Power, Adani Wilmar stocks in March
Motilal Oswal Mutual Fund (MF), Mirae Mutual Fund and Edelweiss Mutual Fund bought shares of Adani Power while UTI MF and HSBC MF shopped for Adani Wilmar, according to March mutual fund analysis published by Nuwama Institutional Equities.
Who’ll finance Indian infrastructure after the Adani scandal?
Allegations that billionaire Gautam Adani has benefited from his proximity to Prime Minister Narendra Modi — strenuously denied by the group — are being raised relentlessly by the Congress Party’s Rahul Gandhi and other opposition leaders in a bid to shake Modi’s seemingly ironclad grip on power in the lead up to next year’s national elections.
BFSI cos scale up campus hiring amid global gloom
HDFC Bank has onboarded over 60% more from campuses this financial year over 2021-22 and added more institutes. "At our scale, the campus programme is a very important and sustainable avenue for onboarding young talent," said Geetha George, executive vice-president, human resources at HDFC Bank. "We will continue to invest in building talent through campus programmes in alignment with our overall growth plans."
Last RBI rate hike? Shaktikanta Das may soon declare innings on rate hike cycle
While announcing a 25 bps hike at the end of the MPC meeting on Wednesday, RBI Governor Shaktikanta Das displayed a non-committal stance and said he will weigh all incoming data and forecasts to determine appropriate actions and policy stance, going forward
28 smallcap stocks rally up to 35% last week despite volatile market
The data released on Thursday showed that inflation cooled off to a 12-month low of 5.72% in December, which led to hopes that the rate hike cycle of the Reserve Bank of India may not last long. Similarly in the US, consumer price inflation in December fell for the first time since May 2020
These 28 smallcaps steal limelight, give double-digit weekly returns
Similarly in the US, consumer price inflation in December had fallen for the first time since May 2020. Buoyed by these encouraging data points, indices on Friday ended in the green, which helped them clock marginal gains for the week.
Year-end special | ETMarkets Poll: 2 out of 3 analysts see Nifty hitting 20K milestone in 2023
While volatility is likely to play out in 2023 as well because developed economies like the US and Europe are on the brink of a recession and the fight against inflation is far from over, for experts, India is a buy on dips market.
This chemical stock can give up to 47% returns, says Nuvama
Nuvama estimated that Anupam Rasayan would clock a 30% revenue CAGR over FY22–25, driven by a strong product pipeline and higher utilisation of existing assets
Analysts bullish on ZEE after CCI's conditional approval to SPN deal
Edelweiss said the stock has the potential to return 30-40% in the next 7 to 12 months after receiving the in-principle - albeit conditional - nod from India's anti-trust regulator for the merger with Sony. The brokerage has raised its price target on the stock to ₹390 from ₹370.
ETMarkets Trade Talk: From father's trading terminal to D-Street, glimpses into Sonam Srivastava's journey as a stock trader
Starting a career in quant and trading as a woman was not unheard of but was unique when I started. Fortunately, I got the best breaks with outstanding mentors in the early part of my career and got hooked on the experience of investing, where rewards quickly follow a genuine effort.
Zomato tumbles 6% as Street cautious on Blinkit buyout
"Given the intense competitive intensity in the quick commerce space, we believe that the path to profitability for Zomato group post-acquisition can get extended by at least a year from FY25 to FY26," said Swapnil Potdukhe, analyst at JM Financial.
US Recession fears drive stocks down to 2-mth low
The tumble resulted in about ₹6.7 lakh crore of investor wealth getting wiped out. India's volatility index, or VIX, spiked 10% to 24.56, ending near a two-month high, indicating traders see higher risks of further declines in the near term.
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