SHTF - alert from annual report A group company SVL LTd, where SHTF has guaranteed worth INR8.7bn , has been downgraded last quarter to D. It implies SHTF need to provide for this amount. It is ~6 % of its existing net worth. Stock will be under pressure.
We have been continuously predicting about PERSONAL CARE sector. To day HUL & Godrej consumers made new high.
#JUSTNOW | @YESBANK gets @SEBI_India approval to launch mutual fund business https://t.co/TKGQBWOpC7
Planet JUPITER, who was in retrograde position since 9th March 2018 will be direct on 10th July 2018.
Strong sales in June from @HeroMotoCorp Total sales up 13% yoy at 7.05 lakh units in june 2018 Sales higher than nomura estimates of 6.90 lakh Company hits highest quarterly sales in Q1FY19 at 2.1 mln units
Super excellent article on Indian Economy with with solid statistics in public domain. Nilesh shah- MD - Kotak AMC on the Indian economy: I will take liberty to point out certain factors. a) The movie Baaghi 2 had a bigger opening collection than Bahubali 2 which was a far grander movie. It shows that urban consumption is growing at a reasonable pace. * Sonali Contractor sold 100,000 tractors last year. Mahindra & Mahindra, Escorts are also showing all-time high levels of tractor sales*. Clearly, that shows that rural economy is doing well. Maruti Baleno has a four months’ waiting period. If consumers do not have money, then how come they are waiting for four months to get the car? Tata Motors’ commercial vehicle production is at an all-time high record level. Generally commercial vehicles are pulse of the market, pulse of the economy. If commercial vehicle sales are happening, certainly economy is rebounding. Cement volume are showing double digit growth. The cement numbers for this quarter has come ahead of expectation. If we see a variety of other FMCG companies like Dabur, Lever and ITC, their commentary is also positive in terms of rural FMCG growth. Put all these numbers together and you realise that the economy seems to have now rebounded, the momentum is picking up, it is reflected in last four months of IIP numbers which was above 7%. It is reflected in GST collections which have crossed Rs 1 lakh crore for the first time. It has taken 70 years for India to Reach 2.5 Trillion Dollar Economy, though India will take only 7-8 more years to reach 5 Trillion i.e. the Total amount of Money that was made in Last 70 years would be made again in the next 7-8 Years. The Question is how much will you make? I have absolutely no doubt that the ones who can catch a few right trends in next 7-8 years are going to be very very rich. China took 5 years to double, US took 10 years to double from 2.4 to 5 trillion$, it is estimated that India will take 7 years to get there. The Idea is simple, there will be 100’s of entrepreneurs out there who will increase their profit 10-15x from current levels, they will grow at 30-40% and we need to back them. The Biggest Trend is India. Within India there will be Sector Trends that will change every 3-4 years like: Automobiles – India Sold a whooping 2 Crore Two Wheelers India V/S 1.7 Crore Two Wheelers sold by China. Interestingly India Sold 33 Lakh Passenger Cars in FY2018 V/S 2.4 Crore in India. Slowly but Surely in the next 10 years we are confident that India will sell 1 Crore+ Cars and the average ticket size of a car would also Increase rapidly. Out of these 33 Lakh Cars, more than 50% i.e. 18 Lakh Cars were sold by Maruti alone. Maruti has a Market cap of 2.6 Lakh Crores and did Profit of about 8000 Crores in FY2018. Financials – This is one space where the Opportunity is Largest into all Three Spaces i.e. Lending, Protection and Wealth Management. Lending – The Top 45 Business houses in India are 50% of Nation’s banking debt even after nationaliza…
M&M: Total Auto Sales up 26% at 45,155 Units Vs 35,759 Units YoY; total domestic auto sales up 23% at 41,689 Units Vs 33,904 Units YoY; total passenger vehicle sales up 12% at 18,137 Units Vs 16,212 Units YoY
Maruti Suzuki’s June sales up 36.3% at 1,44,981 units
Tata Motors reports a 54% jump in its domestic auto sales for the month of June
Don not lose your patience, have faith in your stocks. Midcap will be under pressure for some more time.