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Pulled out this data 10 mins back. So the top 5 stocks holding up the #Sensex have LIC as the largest institutional shareholder.
Classic case of index management. Question is for how long?
LIC investment value is in INR cr.
Also to clarify LIC investment value in the company is as per December shareholding. Not meant to be construed at their investment today - no way to figure that out yet. This inference is just an implied guess.
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Abhishek Murarka 🐂💹
@abhymurarka
#Thread
Been reading a bunch of Annual Reports last few days. Creating this thread to capture and share interesting tidbits from the ones I am reading this season. Will be updated on an ongoing basis next few weeks.

1/n
2. Few bluechips have reported their #EconomicValueAdded (EVA), a good measure of shareholder value creation. HUL AR does a great job of explaining details. EVA as % avg capital employed over a period of time can be a good leading indicator. Pidilite also shares EVA details
3. Chairman's letter+MD&A section of top 2/3 key players provide great overview of economy and sector dynamics.
Few suggested section reads are HUL, Kotak, PEL, Sterlite Tech, Everest Ind+Visaka, Godrej Prop, OCCL, Hikal, Aavas, RBL, L&T Infotech, Zydus Wellness.

Suggest more!
Read 7 tweets
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Abhishek Murarka 🐂💹
@abhymurarka
Recent Ambit report suggests a bearish outlook and that any 'turnaround' is distant. Sharing some data points below that merits broader dissemination. 👇

1/n
1. India's corporate profits to GDP ratio has been falling for a decade with profit and wage growth being at mutli-year lows. From being ~6% of GDP in 2008-09, we are down to ~2.5%. Comparisons with 2009 recovery may be wrong.
2. Capex revival has taken a u-turn. Top 100 companies have decided to pull back on investments in FY20 and FY21, an important leading indicator. Also, Central government capex is set to contract by 1% in FY20 vs 10% growth in FY19.
Read 10 tweets
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Abhishek Murarka 🐂💹
@abhymurarka
1/n
A tweet thread on my key takeaways and learnings from the book "Of Long Term Value and Wealth Creation from Equity Investing" by the brilliant Bharat Shah. The book is a repository of condensed wisdom from 3 decades of his investing career – a must read!
[RT if helpful]
2/n
Essential principles of investing have largely remained unchanged over history of organized investing. What has changed is the interpretation and application by investors, as deemed convenient or expedient at a particular point in time.
3/n
 Investing is simple, but not easy.
Simple, because it's not difficult to understand the essential principles of investing- a large opportunity, accretive earnings growth, high character & a certain degree of predictability. Not easy, because the required discipline is rare.
Read 45 tweets

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Inky
@inkysparks
He eats it straight from his hand and watches Connor beam at him like he'd just hung the sun. Kisses his fingertips. Connor reaches to scratch him behind his ear with a pleased little smile, then feeds him another blackberry.

They're sweet and tart, and the honey is rich.
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Inky
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did anyone do the Connor is an intrepid adventurer and Hank is a dragon shapeshifter AU yet? Because I can totally see Hank as a dragon. Although this also works the other way around, possibly better, because then Hank gets to be the one tasked with tracking down
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Richard James
@RichJamesBits
I have reached a whole new level of #PISSEDOFF.

I didnt think such a #dark and #scary state, or level, could be reached. It may top 12-14-17's causation. It's. That. Bad. So, I've prepared a statement...

docs.google.com/document/d/1_J…

#PascoSheriff #HaveYouAllNoShame @CigarCityBeer
Dear @FBI,
I must implore you ask your colleauges in @FBITampa to help research this new level of #PISSEDOFFNESS. As locals, they may offer a special indepth knowledge of this new level I have reached. This is not fair & law enforcement must #investigate. No one deserves this.
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Nooresh Merani
@nooreshtech
#Sensex touches 39000 and you get up reading up on how it has given a CAGR of 16% for 40 years. I do believe Equity is the asset class which can beat Inflation but the 16% cagr and the data is erroneous on different levels.Read the next few tweets.
From this article by @Moneylifers - business-standard.com/article/opinio… 1) The Bombay Stock Exchange launched the Sensex in 1986. But it has calculated the Sensex data since April 1979 to provide a longer series, with a base index value of 100.
2) The Sensex value as on April 3, 1979, was 124.15 and not 100, owing to the fact that the value of the index divisor has been arrived at by taking the average market capitalisation of all the 30 stocks for 1978-79. But are these numbers accurate?
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MacroMan
@WithRitesh
The ghosts of 2008 are back. We had #Lehman. Today we have #ILFS and #RupeeAt75. The bulls have given up. #Sensex is down 4500 points in 25 sessions. As shared by @Prashanth_Krish over 50% of stocks traded on NSE are down 50% or more. Friday’s fall would have made it more brute.
Most of serious investors are fully invested. With the kind of sell-off witnessed in #Bajaj twins, #HDFC twins, #Reliance, #Kotak, quality midcaps/largecaps, no one is spared. Even Portfolios of respected investors like Rakesh J, @porinju, @VijayKedia1, SP Tulsian are down!!
In 2017 everyone made easy money. 2018 made you realise how difficult it is for traders and investors to make money in #stocks. I wish @adhia03 realises the gravity of his mistake by imposing #LTCG by referring stock markets as easy money making medium. #Nifty #Sensex
Read 27 tweets
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UCCat20
@UCC_Official
UCC had opportunity to comment on the #Data.Protection & Privacy Bill. The enactment of this law is long overdue. A comprehensive law on the collection & processing personal information gives effect to the right to Privacy envisaged under Article 27(2) of the Constitution
UCC welcome the protections offered by the Bill in terms of export of data, breach notification requirements, data subjects access rights, automated decision making, compensation and the right to be forgotten and provision for financial and penal sanctions for breach of the law.
Distinction between Data collectors & data controllers.
The Bill should however clarify & distinguish Data Collectors, from Data Processors & Data Controllers. Clause 2 is inconsistent with international good practice which provides for two broad categories of Data Controllers
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