A 3% fall in the headline indices cannot be called a crash. In fact, it cannot even be called a sharp correction. It is just a dip! But our markets are not mentally prepared to even for a dip. Over the past 16 months, we have gotten used to thinking…
2021 continued the strong trend set by 2020. The S&P 500 is up nearly 27% from the beginning of the year and has more than doubled since the lows of March 2020. The federal reserve continued its accommodative stance till November 2021. Liquidity has been injected into the markets via…
The curse of overpricing a very large marquee IPO will always be more than just about numbers. People will not see it as a one-off. The credibility of an ecosystem that was built over months can easily be destroyed in a day. What the markets saw evolve into strongly motivated…
When you are at crossroads in decision making, where do you seek counsel to take the right direction? We seem to be in a time when people have multiple choices for products, assets, and risks. The last 18 months have rewarded risk-taking like never before. It is only natural that…
The federal reserve has been a strong pillar of support for the stock market since the onset of the pandemic in 2020. It has lowered long term interest rates and kept liquidity loose. Currently, the asset purchase programme includes $80 billion in treasury securities and $40 billion in Mortgage-Backed Securities.…
Diwali is one of India’s most loved festivities. For most of us, Diwali spells joy, laughter, togetherness, and gratitude. Diwali is the time to usher in prosperity and to “bring in new” things. In the Hindu tradition, buying gold and other expensive materials is usually considered auspicious around Diwali, especially…
India is managing inflation at multiple levels. The last time India cut a sorry figure was when we could not meet the supply for our growing demand. The only way the Government can battle inflation is to manage supply. Policies like the PLI scheme are a good example of producing…
When ownership is with the president of India, and control is with an operating ministry, the lack of alignment between ownership and control is a given. There is nothing new in it. If you go back in time and look at how operating ministries took decisions in PSUs, it will…
If you would like to read instead Harshil: On this episode, I sit down with Sanjay Kumar Elangovan. Sanjay is part of the PMS team at ithought and tracks sectors such as banking, Real estate, Infrastructure, and commodities. Previously he has worked with Deloitte as a valuation consultant for the…
DHFL was a housing finance company established and incorporated in Mumbai by Rajesh Kumar Wadhwan on 11th April 1984. The company was established to provide affordable housing finance for lower and middle-income groups in semi-urban and rural India. On June 5th 2019, almost a year after the high profile IL&FS…
Arjun and Amrit joined the same company after their post-graduation 3 years ago. Now, both were planning to switch their jobs for better career prospects. The new job offered higher pay, with other benefits. While Arjun planned to upgrade his car and purchase a new home, Amrit wanted to make…
Market focus is not changing direction. We have seen in the last 18 months that small and mid-caps have been hugely profitable ideas. Returns have surpassed expectations. When the going is great, investors don’t want to take out resources. They want to be part of the trend. Valuations at such…
