SANITY LIST
How Sebi action will impact profits of discount stock broking firms like Zerodha and Groww
Market regulator Sebi mandated in its July 1 circular uniform brokerage charges that are not based on volumes. Due to this, tech-first brokers are staring at impact on valuations. Platforms like Shoonya and Mstock charge zero brokerage fees, and they are bracing for impact from Sebi's instructions. Venture fund-backed startups like Groww, Upstox, Zerodha and listed discount broker Angel One will also have to start charging their customers.
Consistent winners! 9 multibaggers boast of 25% profit margins for four consecutive quarters
India Inc ended FY24 on a strong note with 9 companies maintaining profit margins above 25%, including Motilal Oswal, Tata Investment, and Hindustan Zinc.
'Bangalore going to be unlivable in the next 5 years, just like Delhi': IIT alumni sparks a debate
An IIT-Madras alumna's post on X has sparked a heated debate about the livability of Indian cities. Anjali Lal claimed Delhi is unlivable and Bengaluru is heading the same way, attracting over 280,000 views and 1,500 likes. Reactions varied, with users either supporting or challenging her views, discussing issues like pollution, infrastructure, and overall city conditions.
Mutual fund investors: Do you need to do KYC again? Check new rules here
Many investors are discovering that their existing KYC status has become invalid. The validity is determined by the identity or address proof submitted during KYC registration. The regulator has narrowed down the list of officially valid documents (OVD) that can be used as proof. Your previously registered KYC would have been put ‘on hold’ if it was done with non-OVD documents, or your e-mail/mobile were not verified. After a change in norms from 1 April, if your KYC is not ‘validated’, you may have to repeat the process.
Enough ideas to invest in even when market is at record high; betting on 3 sectors: Mukul Kochhar
Mukul Kochhar suggests going overweight on autos, financials, and pharma. He is positive on PSU as well as private banks based on their valuations. There is a preference for two-wheelers due to stability. The pharma sector is expected to outperform with pricing power. He remains underweight on cement, core FMCG, and IT sectors.
Hello bot, I am feeling lonely. Help?
There is a heightened sense of loneliness in the post-pandemic world, but can startups solve the problem with companion bots and call-in services? India is witnessing the emergence of a loneliness economy, with companies providing technological solutions such as "listening as a service," social applications for connecting with friends, and AI-driven companion bots aimed at addressing social isolation.
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We are extremely positive on smallcaps; see no stopping in realty stock surge for now: Varun Saboo
Varun Saboo maintains optimism on real estate, smallcaps, and two-wheelers. Bullish on market dynamics. Textile sector anticipated to recover. Auto sales performance mixed. Caution advised in FMCG sector. Potential in Himadri Chemicals, Praveg for evaluation. Anad Rathi is assigning about 26-27 times multiple which is the middle of the range in which smallcap index trades. 22x to 29x is the range in which they have been trading.
Hot Stocks: Brokerage view on Indigo, HDFC Bank, Godrej Consumer and Dr Lal PathLabs
Brokerage firm Kotak Institutional Equities upgraded Dr. Lal PathLabs, Investec maintained a buy rating on Godrej Consumer, CLSA maintained an outperform rating on HDFC Bank and Jefferies upgraded InterGlobe Aviation to hold.
Bulk of correction in small, midcaps over; days of IT largecaps are numbered: Nilesh Shah, Envision Capital
Nilesh Shah anticipates largecap IT decline, supports specialised technology services growth. He believes online consumer or the online fintech space are the businesses which are making rapid strides. While acknowledging market froth, advises against tactical allocations. shifting funds from small and midcaps to largecaps Further, Shah emphasizes bottom-up opportunities, energy sector potential, and regulatory risks in the insurance sector.
Startups talk up funding winter, but loosen their purse strings
During the ongoing funding winter, several internet majors such as Paytm, Policybazaar parent PB Fintech, Flipkart failedd to control expenses in FY23. Horizontal omnichannel retailers such as Nykaa, Mamaearth parent Honasa Consumer and FirstCry also saw both employee expenses and marketing costs rise anywhere between 23% to 55% during FY23.
Be cautious; this is not the time to buy on dips: Dipan Mehta
“Take some profits off on companies where price to earnings multiples are beyond 50-60 times trailing 12 months could be private sector defence contractors. It could be some of the newly listed stocks as well which are engaged in different businesses trading at very rich multiples. You could even consider adding specialty chemicals to that list where trading multiples are quite rich.”
Will premium on HDFC Bank and Kotak Mahindra Bank come back soon? Saurabh Mukherjea explains
“The smallcap inflows have been so overwhelming that the overvaluation of smallcaps relative to largecaps is at an all-time high. There is no precedent in Indian history for what we have seen in the last couple of years. Given that anomaly, the re-pricing of largecaps has a long way to go. Some of it has happened over the last couple of weeks, but I think this is just the beginning.”
Sunil Subramaniam on 2 sectors to bet on as 2024 elections loom
“A broad-based rally in largecaps – not market cap broad-based, but sectorally broad-based within the largecap space – would be the best strategy for investors to adopt. If they want to go beyond largecap funds, then flexi-cap funds represent a good option because they normally have 15-20% or maybe up to 30% in the broader market.”
Gautam Baid on rules for smallcaps in bear market and how to get multibagger returns from commodity stocks
“Maintaining a journal helps you maintain your humanity and calm during periods of market turbulence. Most importantly, it also helps you avoid hindsight bias because many times we confuse outcome with the process. Many times we may be right for all the wrong reasons. Investment journal helps prevent this bias and helps you get honest feedback on the outcome of your investing decisions. This is how you keep getting better over time..”
Raksha Bandhan 2023: Last-minute gifting guide includes tea-lover's kit, wholesome hampers
If you're still looking for a gift for Raksha Bandhan, here are some ideas. CHECK IN is a 72-card game that encourages emotional awareness and connection. Golden Tips offers a special tea gift collection that promotes good health and immunity.
7 Best Sidney Sheldon Books: The Unforgettable Tales
Sidney Sheldon's books have enthralled readers with their gripping plots, complex characters, and unexpected twists. From multi-generational sagas to thrilling tales of deception and revenge, Sheldon's masterful storytelling has captivated audiences worldwide. With his ability to create compelling narratives that keep readers on the edge of their seats, Sidney Sheldon remains a beloved author whose books continue to be timeless classics in the realm of suspense and intrigue.
Elon Musk's Twitter show makes sense. Yes, really.
There is no escaping Elon Musk. Having thrust himself, uninvited and often unwanted, into public consciousness, he is everywhere at once - an omnipresent, Orwellian Big Brother whose smirking visage is inescapable, a jokester, entertainer, troll, provocateur.
10 Best Crime Books of all Time for Mystery and Thrill Suckers (2023)
Crime fiction is a popular genre that has captivated readers for centuries and it comes as no surprise that you want to read such books. The best crime books offer detectives, suspense, thrills, chills, twisted characters and ‘boom’ plot twists. We are here with the list where we explore such 10 best crime books of all time that will keep you on the edge of your seat until the last page.
Double digit earnings growth for pharma in next 2 yrs; 4 stocks to bet on: Sriraam Rathi
The pharma sector is set to experience double-digit earnings growth over the next couple of years, supporting valuations, according to Sriraam Rathi of BNP Paribas Securities. Despite historically underperforming compared to Nifty 50, Nifty Pharma's outlook is positive, and there is scope for re-rating the sector, with select stocks offering significant opportunities, said Rathi.
ETtech Interview: Zerodha's Nithin Kamath on profits, market volatility & correction; venture funding gains momentum in generative AI sector
India’s largest stock broker Zerodha’s founder & CEO Nithin Kamath expects the firm's revenue and profits to expand by one-fifth in the year ended March 31, 2023. But if recessionary trends and market volatility, triggered by geopolitical instability continue, the company’s revenue could fall 40% by the end of FY24, Kamath told ET.
IT sector will make a comeback in 2023: Sumit Poddar, Tikona Capital
“In addition to handling the crisis quite well, India also thrived in this particular situation. As per the anti-fragility concept of Nassim Taleb, when anything or any organisation, country or society, thrive during a period of crisis, they build in anti-fragility which is what India built in as far as 2022 is concerned. ”
Stiff tax rules for cryptos saved investors from crash: U.K. Sinha
"The regulatory approach on crypto trading has helped contain the contagion in India," said U.K. Sinha.
Hiring may slow down soon as Russia crisis, rising rates bite
Leading recruitment firms and HR experts said the second half of the calendar year may see a 10-20% slowing down from current levels across replacement hiring as well as new job creation, with companies pulling back on astronomical hikes and counteroffers that have become par for the course in recent times.
Tech to the rescue! These 5 apps can help moms stay calm, organised and fit
Fortunately, moms today, can turn to technology for help.
Porinju says 90% of unicorns are bubbles waiting to burst
Veliyath, who is the founder of Equity Intelligence India, had in the past raised concerns over investing in loss-making companies.
Are Indian IT companies still a buy? Rahul Chadha explains
You needed a couple of IPOs to open a bit lower for some bit of this sanity to come through.
After solid listing, can Zomato do an Amazon in the long term?
While many analysts questioned the food aggregator’s valuations at Rs 65,000 crore, the stock breached the market cap of Rs 1,00,000 crore within 10 minutes of trade. A few brokerages had said the IPO was good only for listing gains. The stronger-than-expected response to the stock suggests investors think otherwise.
Samir Modi chose ‘Lagaan’ for Town Hall meets; lists 5 lessons that managers need in 2021
The MD of Modi Enterprises reviews the year gone by, feels in every problem lies an opportunity.
Frida Kahlo puzzle, CBD mask sprays: The sanity list that got us through 2020
Here's looking at the best discoveries in a year that kept us indoors.
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