Tag: knowledge

12 Jun

Defensive Stocks ? What’s That?

This is a statement we often use in our regular usage. If markets are volatile get into defensive stocks. If markets are difficult to understand, then get into defensive stocks. If there are cyclical risks to the market, then get into defensive stocks. But, what exactly do we understand by the concept of defensive stocks? […]

23 Apr

AU Small Finance Bank (AU) registered healthy growth

 AU Small Finance Bank (AU) registered healthy growth in PAT aided by robust growth in AUM and higher operating efficiencies  Key Financial Highlights AU’s Net Interest Income (NII) grew by 35% YoY to INR 387 cr on back of 51% growth in AUM. NII grew at slower pace due to contraction in net interest margin […]

17 Apr

Economic Spotlight: Trade Deficit Inches Up

Trade Deficit came in at USD 10.9 billion in March, making the FY19 trade deficit at USD 176.4 billion up from USD 162 billion in FY18.The March trade deficit is down -19% Y-o-Y, however, has seen a sequential rise from USD 9.5 billion in February 2019. Key Highlights March 2019 exports grew by 11.02% Y-o-Y […]

16 Apr

Telecom – Daylight Again

Reliance Jio’s (RJIO) launch in FY17 had unleashed one of the most brutal price wars in India’s telecom market. Consequently, industry ARPU plunged ~38%, leading to total industry size shrinking to INR1.4tn from INR1.8tn. However, finally, there’s light at the end of the tunnel as we perceive potent catalysts on the horizon: 1) mobile broadband […]

11 Apr

Metals and Mining – More sunny days in store for ferrous; sector update

We expect the current momentum in the ferrous space to sustain led by: 1) demand recovery in China’s construction sector; 2) better profitability of China’s steel players; and 3) domestic steel players’ sales surpassing estimates. We have been highlighting the signs of demand recovery in China in our earlier notes.  Despite long-term growth concerns, we […]

Ind AS 116 – Dimming the light on asset lite models?

India has notified Ind AS 116 (corresponding to IFRS 16)—a new accounting standard on lease—effective April 1, 2019. The most profound change introduced is the elimination of classification between operating and finance leases, thereby recognising all leases on the lessee’s balance sheet. This could, in our view, significantly impact profits and return ratios of companies […]

27 Feb


BEHAVIOURAL FINANCE AND INVESTORS Behavioural finance is a new and rapidly growing field of study & research. Studies on behavioural finance try to understand human behaviour when it comes to money. These studies try to understand why rational people can often make irrational decisions when it comes to investing. Behavioural finance includes psychological theories, particularly […]

26 Feb

Be Productive not a Workaholic

A day out with your family, having dinner in the restaurant. But, at the back of the mind, you keep on thinking about your work and tasks you have to complete in the speculated time. This showcases the impression of you being – “Workaholic”. Being workaholic means you end up working till the godly hours […]

24 Jan

Interim Budget Vs. Annual Budget

Within a few months country will participate in the 2019 election process, which means that the ruling government may phase out and a new government or the same government with new alliances may assume the parliament. Hence this year instead of a full budget, an interim budget will be passed in the assembly. Let us […]

Understanding Ex-Dividend

What is an ‘Ex-Dividend’ Ex-dividend is a stock trading term that specifies when a declared dividend is owned by the seller rather than the buyer. The term literally means “without the dividend” because once a share trades ex-dividend, the buyer no longer has the right to receive the most recently declared dividend. BREAKING DOWN ‘Ex-Dividend’ A stock trades ex-dividend on […]