Trent numbers, while look superb YoY, do not look as good on a QoQ basis (net of exceptional items).

Although I think December quarter seasonally is the strongest for them, so QoQ may not be the best way to look at them.

Yet, for a business that is growing fast, and trades at a…

Why do commodity stocks give huge moves when business cycle turns?

Let's use an example to understand.

While Relative Valuations are difficult to use for Metal companies, I will still go ahead an explain using EV/EBITDA as a metric

Assume a metal company that is generally…

This is so true :)

Why do commodity stocks give huge moves when business cycle turns?

Let's use an example to understand.

While Relative Valuations are difficult to use for Metal companies, I will still go ahead an explain using EV/EBITDA as a metric

Assume a metal company that is generally…

If a stock has traded at 5x P/B or 80x P/E in the past, there is no rule that it has to go up to that level again.

There was a time or a specific set of conditions when certain businesses got a certain valuation (5x P/B, or 80x P/E)

If those times or conditions change, the…

If a stock has traded at 5x P/B or 80x P/E in the past, there is no rule that it has to go up to that level again.

There was a time or a specific set of conditions when certain businesses got a certain valuation (5x P/B, or 80x P/E)

If those times or conditions change, the…

HUL went up nealry 7x between 2010 and 2021.

Before and after that period
- It gave near zero returns from 2000 to 2010
- And has given nearly zero returns from 2020 till now

Now Google up 12% after hours post their result announcement.

$200 bn + added to market cap just like that!

Large Cap, Mid Cap and Small Cap definitions should be looked into by SEBI. When these definitions came into being, Nifty was around 11K.

As of today, the 100th company by market cap in India is at Rs 85000 crore.

The 250th company is at around 28000 crore market cap.

So…

Large Cap, Mid Cap and Small Cap definitions should be looked into by SEBI. When these definitions came into being, Nifty was around 11K.

As of today, the 100th company by market cap in India is at Rs 85000 crore.

The 250th company is at around 28000 crore market cap.

So…

A few days back Nvidia fell 10%
Meta is down 15% today, Google 5%
Tesla was up 10% a couple of days back.

These are not trivial moves!

Market cap of these companies
Nvidia $2 trillion
Meta $1.25 trillion
Google $1.9 trillion
Tesla $500 billion

Market caps moving $50-200 bn…

wow.. goldmine! Thanks for this!

This Kotak Bank thing does not appear to be trivial. This seems serious on the face of it.

A lot of new accounts were coming through their digital channels.

The excerpts below from their last year annual report.

Though the impact on profitability may not be as large, given…

3/n

Household distribution income wise.

Note the jump in > 7500 $ (INR 6 lakh) income households over the past 2 decades.

From virtually nil to now nearly half of the households

Also note the number of households with income < $1750 (hope this just vanishes in the next 10…

Wow!

And did you know..
Neend churayi meri itself was a second time Anu Malik had copied this tune .

The same tune was also used in a song in the movie Khel - Anil Kapoor Madhuri Dixit. In a song called “Na hai Zameen”

Anu Malik is a legend. Copy of a copy ke copy hone pe…

GDP = G + C + I + (X-M)

The above is the GDP equation by consumption method.

Check the attached image to see what is the breakup of these components for India and China?

Very interesting breakup for Brazil as well.

India needs to increase Investment and Move Net Exports…