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Case Studies

Mutual Funds are Subject to Rerouting!

Mutual Funds are Subject to ‘Re-routing’

By | Case Studies, Investment Insights | No Comments

Recently, I was travelling from Mumbai to Pune by train, with about 100 other co-passengers on board. Since it was early in the morning, I decided to take a nap and have my coffee after crossing Lonavla. However, I woke up to find out that I was now travelling to Bangalore. When I enquired about the reason for the same, I was told that there was another train with about a 1000 passengers, routed towards Bangalore, which, due to some fault in its engine, could not go ahead. Hence, they decided to attach all the bogies of the Bangalore bound train to the one going to Pune and the passengers of Pune train were given a 5 minutes window to either alight from the train or travel to Bangalore. Since I was asleep, I had missed that chance to alight from the train. Though astounded, I had some questions in mind:

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Indian Oil Subsidies

Oil Subsidies Might be Here to Stay

By | Case Studies, India Equity | No Comments

There are several reasons why the domestic government owned oil companies (especially the upstream companies) are analysed with a fair bit of scepticism – their reserves fluctuate with respect to the crude oil price, their asset block is hard to figure out, the management is appointed by the Government of India and they have been saddled historically with subsidies that the government provides to its citizens.

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Indian Generic Pharma Companies

Indian Generic Pharma Companies – Miracles of a Shaman?

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‘Well, in our country,’ said Alice, still panting a little, ‘you’d generally get to somewhere else — if you ran very fast for a long time, as we’ve been doing.’

‘A slow sort of country!’ said the Queen. ‘Now, here, you see, it takes all the running you can do, to keep in the same place. 

-Lewis Carroll

(Through the Looking Glass)

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Banking on PSU Discounts

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Mutli-Sheep

“Investing against the tide” sounds a whole lot cooler than it really is. For when we make a decision that leaves us standing out, our first thought is to look around and wonder why? After all you wouldn’t want to be the black sheep! Unless, of course, you are confident of your investment and it’s backed by something beyond momentum (or in this case herd mentality). We strongly believe that despite contradictory market movements, a sufficient price correction to the public sector banks has now been made, and jumping in at what we believe are discounted rates (being at the lower end of our valuation range) is the way to go. This suggestion does not come at the back of merely a valuation, but after analysing and more importantly rationalising the past and present market conditions.

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Portfolio Management Services (SEBI Registration No. INP000002965) are offered through Multi-Act Equity Consultancy Private Limited (CIN: U67120PN1993PTC074692), which is a wholly-owned subsidiary of Multi-Act Trade and Investments Private Limited; Investment Advisory Services (SEBI Registration No. INA000008589) are offered through Multi-Act Trade and Investments Private Limited (CIN: U65920MH1997PTC109513).