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India Equity Research

@IndiaER

5 Nov

Joe Biden needs to win one state to become POTUS

while Trump needs to win all the 4 major ones to avoid being an one-term president

my initial thoughts:
1) Pollsters got it MASSIVELY wrong - 2nd time in a row
While the verdict is as many predicted

the scale of #Trump support was massively underestimated
Almost everyone could not read/did not see the widespread support he has in the US...

2) Markets are emotionless
As long as there s majority, markets go up- as we say yesterday and today's futures

even in India, a majority for either NDA or UPA will lead to share markets rising
the only things markets detest is uncertainty... and a hung Parliament will lead to a crash

Unpopular opinion: Modi or Rahul- markets don;t worry as much

remember May 2019? when MMS won- UP!

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India Equity Research

@IndiaER

5 Nov

State Bank of India |
A "Call Option" – Move to OW :: MORGAN STANLEY

Price Target Rs 280

State Bank of India
Earnings Review: 2Q operational beat with more confidence on balance sheet; Reiterate Buy: Goldman Sachs

Price Target Rs 301

State Bank of India
CLSA -- Price Target Rs 330

Read 7 tweets

India Equity Research

@IndiaER

4 Nov

HPCL announces ₹2,500-cr share buyback at ₹250 per share livemint.com/companies/comp…

HPCL promoters (ONGC/President) not to take part in buyback
public shareholding to reduce post buyback

The valuation difference

Reliance: Ambani premium -- Its a private co!!
31x P/E

BPCL: govt looking to privatise
12x P/E

IOCL, HPCL: PSU discount- Sarkar is worst owner
4-5 P/E

best way to unlock value for Sarkar is to divest?

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India Equity Research

@IndiaER

31 Oct

FORTHCOMING EVENTS :: SMC

News flow & Economic gauge for the next week
:SMC

SMC: IPO tracker

Read 11 tweets

India Equity Research

@IndiaER

31 Oct

#BSE #Sensex 271 month (22+ yr) update!

Sensex trailing PE was 29.1x in Oct vs 28.1x in Sep
vs 19.5x in May 2020. Bottom of 15.67x on 23rd March

Trailing PE 23 year avg is 19.3x

Highest PE for any year in Oct and in FY21! valuations not cheap!

#NSE #DII #FII #Nifty #nifty50

#BSE #Sensex 271 month (22+ yr) update!

Sensex trailing PB was 3.0x in Oct vs 2.9x in Sep& Aug vs 2.4x in May 2020; highest P/B in FY21

P/B is below 23 year avg of 3.3x.

Lowest ever is 1.7x in Oct 1998

#NSE #DII #FII #Nifty #nifty50

#BSE #Sensex 271 month (22+ yr) update!

Sensex trailing Dividend Yield was 1.0% in Oct, same as in Sep, Aug & July

Dividend Yield lower than 23 year avg for 1.5%. Higher div yld means low valuation.

Highest ever was 2.5% in Aug 2004

#NSE #DII #FII #Nifty #nifty50

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India Equity Research

@IndiaER

3 Oct

𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 facts 𝗯𝗲𝗵𝗶𝗻𝗱 𝘁𝗵𝗲 "𝗡𝗮𝗺𝗲" 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗿𝗲𝗽𝘂𝘁𝗲𝗱 𝗕𝗿𝗮𝗻𝗱𝘀/ 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀

1. 𝗗𝗮𝗹𝗱𝗮
The famous ghee was imported by a Dutch company Dada & company. To reflect it's ownership Hindustan Lever added "𝗟 " in middle of Dada

2. " 𝗗𝗮𝗯𝘂𝗿 "
The eccentric etymology of Dabur comes from founding father Dr. S.K.Burman famous for his Ayurvedic medicines often be called in Bengali "𝗗𝗮"ctar "𝗕𝘂𝗿"man.

3. "𝗥𝗮𝗻𝗯𝗮𝘅𝘆"
Two colleagues "𝗥𝗮𝗻"jit Singh and Gur"𝗯𝗮𝘅" Singh of a Japanese pharmaceutical company founded new venture" 𝙍𝙖𝙣𝙗𝙖𝙭𝙮" in Amritsar.

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