Abhishek Murarka 🥧💹 Profile picture
Community @Multipiesocial - Social Network for Investors | Start-ups, memes, personal finance Smallcase manager - Follow the Promoter (link below)
shreyas m Profile picture Rakshit Profile picture Poker face Profile picture Kunal Profile picture MarketMoja Profile picture 12 added to My Authors
May 5 13 tweets 5 min read
📢📢 It's a big day for me!
Launching a Smallcase - Do as the promoter does.
bit.ly/PromoterBuying…
.....
If you saw Squid Games, did you wonder why did Gi-hun win despite possibly not being the strongest player?

He partnered with the promoter! An explainer on the strategy.
1/ 2/
This is an actively managed basket of stocks formed on a simple thesis - the promoter knows best.

They say there is always a bull market somewhere. Ours is an attempt to identify the best of the names with promoter buying and bring that to you.
Feb 27 6 tweets 2 min read
A stock that did well for me last year was KPIT. My first buy was lower (sub 100) but a small position. I knew the usual stuff known to market - ER&D industry outlook, focus on auto engineering, KPIT's specialization, clients, work, etc.

Subsequently, I garnered the conviction.. to make it my second largest holding at around 150 in March last year.

The trigger - I came across expert industry webinars during study. Saw one on Green Hydrogen which I could attend publicly. It was chaired by Raj Kumar Singh, the Minister of New & Renewable Energy (MNRE)..
Jul 27, 2021 4 tweets 2 min read
Think big. Act small.

e.g.

Think big: I want to generate 5x returns on my portfolio in 5 years.

Act small: Every day, I spend min 2 hours reading annual reports and other forms of research to build conviction.

And there is a handy tracker as well! 👇
docs.google.com/spreadsheets/d… 5x in 5 years implies 38% CAGR, which has low probability (happy with 25%).

But as retail investors, we have an edge that institutions don't - we don't have to chase benchmarks every qtr & our winners can run longer. 5 yrs is good for a researched investment to bear fruits.
Jun 26, 2021 5 tweets 2 min read
Total US population: 33 crores
Total Indians in US: 0.42 crores

Total unicorns in US: 290
Unicorns by NRI Indians: 67

Indians are 1.3% of US population, but have founded 23% of US unicorns! Now imagine the potential of home grown unicorns over the next decade. Talent was never a question, digital infrastructure has been formed in last few years and regulations are more supportive.
May 15, 2021 11 tweets 4 min read
"Inflation is coming" is now seen as a consensus conclusion. The debate currently is on whether it will be fleeting or sustained.

Penning my prelim thoughts on how and where to invest in an inflationary scenario.

Short thread 🧵
1/n Inflation is defined as a sustained increase in the price of goods and services. Your investment returns must cover for inflation to avoid loss of purchasing power.
Reading: cnbc.com/2021/05/13/her….
Asset class wise thoughts below:
2/n
May 3, 2021 5 tweets 4 min read
Just realized this was on New York Times today!😯
@nytimes

nytimes.com/2021/05/03/wor… Honestly speaking, there are so many folks who have done a lot of (more) good work. Ones I have constantly seen in my network:
@suru27 @VidyaG88 @_shivangisaxena @Puretechnicals9 @join2manish @malhotravarun78 @dakuwithchaku @swati_h @ShubhamAggarwl @Vivek_Investor @RichifyMeClub
May 1, 2021 4 tweets 1 min read
The infographic game for the Indian investing & finance scene has to go up!

(Insightful) data hai, ideas hai, bas ek achha infographic designer chahiye at Multipie (fulltime/ freelance). If you know one, please ask to write to content@multipie.co

Can also DM me. Even better if you also have a funny bone and can make some relatable af #memes.
Apr 30, 2021 7 tweets 3 min read
@KirtanShahCFP Thanks for simplifying and sharing about InvITs Kirtan. Some further context from my side:

1. Background: The government has announced an aggressive spend target of ₹100 lakh crore over next five years to revamp India's infrastructure (roads, power transmission, gas pipelines) @KirtanShahCFP 2. How do they even finance that sum?

Equity in infrastructure is seen as risk prone and Debt (Project Financing) has been scaled down by Banks over last few years
thehindubusinessline.com/opinion/editor…

This is where a structure such as InvIT comes in. Think of it as Mutual Funds, with...
Apr 27, 2021 5 tweets 1 min read
Important tweet:

Who was your favorite WWE superstar?

Part 1 Part 2
Apr 27, 2021 7 tweets 2 min read
CRED coins Image Resemblance to Bread coins in purely co-incidental.
Apr 4, 2021 4 tweets 2 min read
I grew up watching a lot of Nat Geo & Discovery. One learning I took was to not touch any brightly colored animal.

I watched LoTR as a teen and was fascinated with Gollum's greed for the ring.

Youngsters can taken some lesson from this - don't "blindly" chase all shiny objects. Image What is happening on the blockchain, cryptocurrency, DeFi, stablecoins, etc is super fascinating stuff. Designed by some of the best minds. But there are more landmines than goldfields. Study if you are keen, but don't just FOMO in unless you understand what it is all about.
Mar 25, 2021 4 tweets 1 min read
Kind of sure this will get squashed. Doesn't make sense.

This reminds me of the socialism example where every student gets the average marks in the class, irrespective of their real score. And we know the outcome. It takes time, effort, networking, reputation over years and proprietary research for relevant questions (beyond the concall). Don't see any reason why all of it should be made public.
Mar 18, 2021 12 tweets 5 min read
1/9

Last 2 weeks:
ICICI Pru 📉-15%
HDFC Life📉-7%
Max Life📉-6%
SBI Life📉-3%

What's bugging private Life Insurance companies?
Read on if you are invested (or interested) in Life Insurance:

A short thread🧵 2/9

How to IPO LIC - This was a topic covered in the first Equity Capsule newsletter (read extract shared).

Historically, LIC has had lower profits & NW due to higher payouts to policyholders vs peers. But post recent amendments to LIC Act, they are in line with listed peers. Image
Feb 7, 2021 8 tweets 3 min read
Over 75% of corporate India (by market cap) has declared Q3 results and the verdict is - We are on a roll!

Highlights of last 6 month performance (July-Dec) for 809 results (ex-financials) declared till Friday, Feb 5th.

1/n 👇 Image 2/n
While revenue growth is close to pre-Covid levels (down 5%), there is a strong profitability growth lead by both gross margin expansion and operating leverage. No wonder everyone is talking EPS growth!

How do we compare with US on this front? Here.
FIIs: Note 👇 Image
Dec 21, 2020 5 tweets 2 min read
Trend breaking days such as today are good for number crunching. Some observations based on BSE 500 (midcap) stocks:

1. 𝑫𝒊𝒑𝒔 𝒃𝒐𝒖𝒈𝒉𝒕: Scrips that fell more than 5% from day highs but recovered more than half of the "dip" by close. Basically big intraday swings. Image 2. 𝑫𝒊𝒑𝒔 𝒏𝒐𝒕 𝒃𝒐𝒖𝒈𝒉𝒕: Scrips that fell more than 8% from day highs but din't recover more than 20% by close. Basically weak closing. Image
Apr 24, 2020 7 tweets 2 min read
Most important topic that is hardly discussed!

🚩At 4% fiscal deficit and 55% debt to GDP, India has a sovereign rating of BBB- (just one notch above junk)

💲At 18% fiscal deficit and 150% debt to GDP, USA has a sovereign rating of AAA

Something is rotten here. To clarify a misconception:

The limited Covid response stimulus in India (1% of GDP) vs US (10%) or Japan (20%) has less to do with risk of Fiscal deficit but more to do with fear of stagflation if it doesnt bring back demand. One notch downgrade & we are junk = FDI/FII sell off
Apr 22, 2020 23 tweets 7 min read
Highlight of the day - Facebook acquired 9.99% stake in Reliance’s Jio platform for an investment of Rs 43,574 cr valuing it at Rs 4.36 lakh crore. That's 56% of market cap of RIL (~7.8 lakh cr) – huge right!!

A simplified thread on the deal, Jio platfrom and competition.
1/n
2/n

Landmark deal:

📝Largest investment for a minority stake by a technology company ANYWHERE in the world
📝Largest FDI in the technology sector in India.
📝Values Jio Platforms amongst the top 5 largest listed cos. in India
📝Improves India's $ reserves & fiscal balances
Apr 7, 2020 5 tweets 2 min read
Quick snippets from ICRA's note on Covid-19 impact across Indian industries. Looks at it from 5 vantage points.
👇
1. Domestic Demand Slowdown

Govt. curtailments + risk aversion to have short-term repercussions on domestic demand; recessionary trends possible in longer-term 2. Global demand Slowdown

Rapid spread of pandemic across the globe leading to country-wise lockout, and fears of an impending recession to have impact
across multiple sectors.
Apr 7, 2020 14 tweets 8 min read
#Goodreads for today:

1. Thinking beyond the pandemic by @svembu. Increasingly fascinated with his thoughts and ideology. Here he writes about the overvaluation across asset classes and his disdain for financial absurdities.

2. Kishore Biyani falters again
Last week, KB almost lost majority control of Future Retail, but got saved by a court verdict that some say goes against the tenets of free markets. Good for understanding perils of pledging shares in a down market (Paywall)
themorningcontext.com/kishore-biyani…
Apr 6, 2020 11 tweets 6 min read
#Goodreads for today:

1. Interview with Riyaaz Amlani who runs some popular #restaurants in Mumbai. Covers everything to know - the depth of bleed, skewed cost structure, low affordability in India, unit economics, Covid impact, tax issues (no GST credit)
outlookbusiness.com/amp/enterprise… 2. Will India's Real estate prices finally correct?
Anarock expects an annual decline of 25-35% in home sales (top 7 cities) in 2020. Property prices may come down by 10-20% across geographies, while land prices could see an even higher reduction of 30%
livemint.com/market/mark-to…
Apr 4, 2020 6 tweets 6 min read
Some #goodreads:

1. The Luckin Coffee saga -
2. Covid-19 an inflection point for Life Insurance
bloombergquint.com/business/covid…
3. Little book that builds wealth - summary
blas.com/the-little-boo…
4. List of geatest speeches of all time
jamesclear.com/great-speeches 5. Durgesh Shah session:
Video:
Notes: cfasocietyindia.com/2018/12/14/ses…

6. Thread on CARE's assessment by sectors


7. Fast bowlers are not thinking for themselves
thecricketmonthly.com/story/816387/-…

8. Understanding VIX