Corporate governance is an evolutionary phenomenon in an emerging market like India. We recognize that a statement with strong portent was made. We are seeing several extraordinary situations that test our corporate governance. In the process, we believe that corporate governance will only get strengthened. The extraordinary situation is atypical.…
A five percent crack in the index would not have been on anybody’s mind a week ago. But, investors are spending this weekend wondering if there could be more downside in the coming week. The real story is not in the movement of the indices. The real story lies hidden…
Risk mitigation is an important aspect of investing. Every portfolio should have it innately built in. The composition of the portfolio should factor in the risks and provide for investment actions when risks arise. Not owning too much of an individual stock or fund is one way of mitigating risk. Keeping cash…
Sounding a warning bell to the equity markets is a thankless job. If you are early, you are going to face ridicule as the markets go the other way from your warning. If you are late, you will still be seen as wrong. Bull markets are a contrarian opinionist’s nightmare. Giving opinions…
An interesting week saw a significant divergence in the markets. ITC, a stock that significantly supported the index in its sustained rise suddenly gave way due to flimsy reasons. The stock perceived to have benefited from GST lost said benefit to a rule change. But, GST did not change or…
Markets are hitting new highs every week. But, economic fundamentals don’t seem to support such a prolonged rise. Economic data is definitely mixed. Problems in our economy are on a slow mend. Yet, we see unprecedented buoyancy in our stock markets. IPOs now look like safe lotteries. We have seen…
The bottom up trade in our markets has never had it better. Individual stocks have shown the ability to buck overall market trend and deliver superior returns. Over the past two years, investors’ entire focus has been on finding the right stock that will show a big move. As one…