Edited @akshat96jain's notes from the @TIA_Investors Summit and sharing with some of my highlights:

Speaker 1: S Naren (ICICI Pru)
Highlights:
- Current bull markets resemble 1994-97
- Mistakes to avoid in a liquidity-fuelled bull market

Speaker 2: Ridham Desai (Morgan Stanley India)

Highlights:
1. "At peak, oil formed 14% of the economy. Today, with oil at $70 per barrel, it’s just 3.5% of the economy."
2. Private Banks can see Corporate lending boom
3. RBI's inflation targeting since 2016

Reading on this company:🦚🦄🧥
Feel it's a good business with good management and outlook. Growth and margins should improve over next 2-3 years. Also building own brand that can change the story. Available at fair valuation of 21x PE. #MayurUniquoters: Snapshot of key financials basis my own dashboard.

RBI released a 163 page Financial Stability Report this week. It's the most exhaustive database and commentary on Banking

Will share my key highlights in this thread.
1/n Check back this thread at 10 pm tonight for details.

Yesterday, India announced it is "restricting" the import of laptops, tablets, all-in-one personal computers and servers with immediate effect. Big, right?

This thread tries to explain the background, impact, the laptop value chain and stocks to play the shift.

1/n 2/n

Here's the official communication.

We imposed a "licensing requirement" for import of laptops, tablets, etc. This means Apple, Dell, Samsung cannot just make these somewhere else and export to India.

Effectively, Government has said - "India chahiye, to India mai banao".

RBI announced no change in policy rates in its meet today. But was this MPC a non-event then?

No. Infact, this was a very progressive policy.

RBI made 4 key announcements that further strengthen India's position as a Digital superpower.

A thread
1/n 2/n
Summary:

RBI Allowed:
1. FLDG between Bank/ NBFC and Fintech partners - will deepen credit & Digital lending
2. Use of RuPay Forex Cards for overseas transactions
3. Issue of eRuPi vouchers by non-bank PPI holders
4. BBPS - membership rationalisation

I''ll explain below:

Germany's leading shipbuilder ThyssenKrupp will collaborate with India to build 6 world class submarines in partnership with Mazagon Dock. This will enhance our Naval prowess significantly. Here's a file picture of German Defence Minister Mr. Boris Pistorious with Indian Defence Minister ⁦Rajnath Singh yesterday.

@safiranand Safir, my view of the Adani story is this: Adani grew because he demonstrated unmatched ability in India to build world-class infra. In the most efficient way.

Mundra in Kutch was a semi-desert. They transformed it into world-class maritime port.

Largest ever container vessel: @safiranand Adani New Industries recently commissioned India's largest wind turbine at Mundra. Standing 200m, it is taller than the world's tallest statue, the Statue of Unity (182m), with blades bigger than the wingspan of a Boeing 747.

With Q3 results getting over, have prepared an easy visual dashboard for all listed stocks.

- Quarterly revenue growth trend
- Gross and EBITDA margin trend
- Key metrics to watch
- Valuation and stock returns

Comment any stock you are interested in to see output. Sample snapshot for Balaji Amines.

Two days before results, founder talks of own business profitability. Stock also jumps 14% in anticipation

Result day: Reports 5x jump in quarterly losses..from 67 cr to 347 crores yoy. Ok, so the Zomato business "pre acquisition" of Blinkit turned "adjusted EBITDA" positive on the base of "adjusted revenue" in the month of January (reporting beyond Q3).

Got it.

Had read earlier that Gautam Adani's key business edge is razor sharp cost optimization.

Ambuja Cements has seen cost savings of Rs 800/ton in last 1 quarter multiplied on ~40 Million Ton capacity base.

Here is how:
multipie.co/posts/170885 Data via: @goindiastocks

Indian purchased Rs 20,000 cr or 39 ton of gold on Dhanteras this year. Good news? No.

Government din't want this. Infact, they had levied import duties in July to stop us. Why? Gold imports add to India's current deficit and thus depletes Forex reserves.

Quick one 👇
1/5 2/5
Indian households and temple hold the highest bullion (gold) reserves in the world:

Households: ~23,500 ton ($1.5 Tn!)
Temples: ~4,000 ton
US reserves: ~4,000 ton
And poor RBI: 745 ton

Infact Government wants people to deposit their idle gold with Banks & earn interest.

If Coimbatore is set to gain from Bangalore's woes, find your pick from these Top 30 largest listed companies HQ'ed in Coimbatore.

The largest IT name is a 180 cr mcap company currently.

https://twitter.com/arunvenk/status/1566781940153581568

Actually most of the names of left side are top notch companies.

There is a hidden upcoming IT player on the left side (business owner has set-up one of the largest Tech park in Coimbatore recently).

Record production of railway wheels. 6.5x in H1FY22 compared to H1FY21. Who is delivering this? Read on..
#Railwaycapex
As per Texmaco Q1 earnings call, "typically the industry has never produced more than 15,000 wagons in a year and today the entire industry is supposed to provide approx. 30,000 wagons annually."

A rail wagon has 6-8 wheels. So that 1.8L to 2.4L wheels every year.

True independence and economic growth will come only with growth of rural India. So let me share my learnings of an interesting model that is scaling fast in Indian hinterlands.

A thread on CSC Grameen e-store - India's biggest rural eCommerce revolution.

1/n 2/n
It's the desi, rural version of Flipkart & Amazon, promoted by GoI and started in April '20 as a post-Covid model when supplies had stopped.

And it's working - Turnover jumped over 100% yoy in FY22, from 259 to 581 crores! If there was a VC, this would be a unicorn already..

Key stock updates (08/07/2022): Part 1/3

Sharing key updates from across exchange filings every morning. Please RT if this helps. Key stock updates (08/07/2022): Part 2/3

Sharing key updates from across exchange filings every morning. Please RT if this helps.

Key stock updates (07/07/2022): 1/2

Sharing key updates from across exchange filings every morning. Please RT if this helps. Key stock updates (07/07/2022): Part 2/2

Please RT if this helps.

If Banks were Bollywood characters
A thread..

1. HDFC Bank 2. Kotak Mahindra Bank

📢📢 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.

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)..

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.

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.