), of all the sectors that performed well over the last 29 yrs, broken down in to three decades, there were some interesting insights.
Barring the period between...
1991-2000, the next 2 decades saw stocks from chemical sector perform very well. Of the 973 stocks that gave >100% returns (simple returns: no div. reinvestments) between 2000-2010, 101 were from the chemical sector.
Likewise, between 2010-2020, 82 chemical stocks topped charts.
Just yesterday, I checked for all BSE Companies with 10 Yr CAGR >25% & found 189 stocks, of which 41 stocks were from Chemical sector. A quick glance through the list brings a smile to my face, as many of these were good quality stocks with decent credentials - Portfolio worthy.
There is strong recovery in economy
Covid cases, fatality rate easing
Stock market capitalization at record high
Forex reserves at $560 bn
Energy consumption see 12% growth in Oct
Note: Only English notes will be provided, no translation😎
GST collections good, Bank credit improves by 5.1%, FDI inflows see 13% rise.
RBI predicts the possibility of a strong recovery by Q3, 1 quarter ahead of expectations.
Moody's revises India GDP forecast for:
CY20 to -8.9% from -9.6% earlier.
CY21 to 8.6% from 8.1% earlier.
(1/n) A thread on Kirloskar Ferrous Industries Ltd.
Founded in 1991, #Kirloskar Ferrous Industries Ltd. (KFIL) is in the business of Pig Iron and Grey Iron casting industry, serving infrastructure & construction, automotive, agriculture, manufacturing, textiles & steel sectors.
(2/n) Kirloskar Group was established in 1888. Laxmanrao Kashinath Kirloskar (20 Jun 1869 – 26 Sep 1956) was the founder of the Kirloskar Grp & the township of Kirloskarwadi, amongst India’s first industrial townships.
(3/n) Starting with a small bicycle repair shop at Belgaum on Kirloskar road, he manufactured India’s first iron plough, first Kirloskar product & chaff-cutters.
Shantanurao Kirloskar, Laxmanrao’s eldest son moved to Pune to start a diesel engines Co - Kirloskar Oil Engines Ltd.
(1/n) NSE Listed universe ownership trends:
- Total promoter ownership in NSE-listed #stocks⬆️by ~110bps (QoQ) to near 5 yr high of 50.9%
- FII ownership⬇️133bps (QoQ) to a 5 qtr low of 20.8% (highest sequential decline on a qtrly basis over last 19 yrs)
Src: NSE
(3/n)
Ownership trend across key stakeholders by TOTAL market cap over last 3 years &
Ownership trend across key stakeholders by FLOATING stock over last 3 years