Category

Case Studies

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?

By | Case Studies, Investment Insights | No Comments
‘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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