Top 5 stocks – Reliance, Infosys, HDFC Bank, ICICI Bank, HDFC, = 41.49% of Nifty.
Top 10 stocks constitute 58.39% of Nifty
Top 20 stocks constitute 77.07% of Nifty
HDFC Twins together constitutes 14.71% of Nifty
Reliance is the top weight at 10.77%, followed by HDFC Bank at 8.54%. 20% of the Index.
Reliance + HDFC Twins = 26.09% of Nifty (Hope you get why Nifty does not depict GDP. 26% of India GDP not equal to Reliance +HDFC)
Bottom 24 stocks have less than 1% weight
Nov 13, 2020 • 15 tweets • 5 min read
#TweetStorm - Nifty up But Stocks are Down !!. Time for Stocks to Catch Up in coming years. Read the Full Post on this link - nooreshtech.co.in/2020/11/nifty-… Another Post - March 24th 2020 nooreshtech.co.in/2020/03/equity…
2020 move did some things very differently. No euphoric move in end of 2020 like 2007. The fall has seen no relief rallies of any sort. If this is the case the historical expectation of a sideways consolidation & a retest may not happen. So the recovery can even be very ferocious
Oct 5, 2020 • 5 tweets • 3 min read
This #TweetStorm is just an itch to write about ITC Limited which everyone has spoken about :). Pardon me if its totally useless. 1) FII shareholding in December 2016 Peaked at 20.89%. Reducing Every Quarter since then !! Down to 14.6% in June 2020.
2) Mutual Funds have gone from 2.65% to 9.45%. Insurance Companies mainly - LIC,GIC etc continue to own 20-22% in the same period. Even SUUTI has gone down from 11.13% to 7.94%.
Sep 13, 2020 • 5 tweets • 3 min read
The big implication of new rules in #multicap fund category by SEBI. An impromptu attempt at rambling up some thoughts. Would love comments and feedback no how to benefit from this trend. Some points i cover in tweets below 1/51) 18-20% of the Total Equity AUM is in Multicap Funds - Suddenly the rules of the game have changed. Will lead to merger and other creative solutions but not mad buying of smallcaps.
Sep 12, 2020 • 4 tweets • 2 min read
A quick take on new #SEBI Norms. 1/NLike it was mentioned yesterday - Lot of things can happen. 1) A Multi-Cap Fund may merge itself with a Large & Midcap Fund or any other category. 2) Outflows from Multi-Cap Funds to #LargeCaps which reduces the theoretical buying in #smallcaps2/N 3) Close the Fund which may not be viable. Nobody likes losing AUM. 4) Another creative Solution or Loop. The Fact is #Smallcaps cannot digest 5000 Cr of Liquidity Gush, forget about 27000 cr. But all the solutions will lead to AUM leakage which AMCs may not like !!
Sep 11, 2020 • 5 tweets • 5 min read
#TweetStorm - A Quick take on the new #SEBI circular. 1) The new rule states that a Multicap Fund needs to have 25% in #LargeCaps, 25% in #Midcaps. 25% in #Smallcaps. This needs to be aligned before January 2021.
Data Source - MoneyControl 2) The Total AUM of the Multi-Cap Funds is 1.53 lakh crores. 25% allocation to #Smallcap =38300 crores. Current Allocation= 11240 Crores. Potential Buying or Difference to be Aligned = 27062 crores.
#NSE - Interesting #Statistics - #TweetStorm - •% of Shares Deliverable to Total Shares Traded now at 15.05%. Lowest since 2001. % of Delivery to Value of Shares Traded at 16.44% below 2009 !! #Daytrading increasing or #HFT , #colocation and #marketmaking?
Value of Shares Traded ( Cr ) at the Highest Ever. A peak in this generally an Inflection Point for the long term. For example January 08 value got hit in June 09. What is it now ?
Jun 24, 2020 • 7 tweets • 4 min read
#TweetStorm - 1) The Curious Case of #GlenmarkPharma and #Favipiravir. The The number of articles on Favipiravir and Glenmark Pharma have shot through the roof. We will look at it from a price,volumes and search perspective.
Stock price shot up 40% in the day and closed 27% on 22nd June 2020. Added almost a 3000-4000 cr market cap coz of this move.
Stock price fell 6.7% on 23rd June 2020.From a low of 160-200 in March the stock has moved up to 500+ but is still down from peaks of 1250.
#Whattay Series. In this #tweet thread will keep adding a lot of #stock price moves, #valuations where you end up saying #WHAT. No Reco just ?? Do comment 1) #Relaxo Footwear - just 10% away from highs. Market Cap = 18319 cr Sales 2500 cr #Bata -18419 cr Sales = 3056 cr !! PE ?
No Effect of #Corona on this #RealEstate Company. A 30% rally from the lows in May June.Low delivery volumes and almost same volumes and a weird chart.. Anyways its an avoid so not naming it.
Mar 6, 2020 • 5 tweets • 3 min read
#TweetStorm - #Stocks - Prefer avoiding stocks in public foum, given the last couple of years have been terrible, so do your own research and risk management. Do add yours also to the thread. Talking what nobody wants to talk today.
#WelspunCorp – Market Cap of 4000-4500 cr with an EBIDTA of 1000-1200 cr and to be net debt free by year end and all the geographies firing with promoter not tendering in buyback at 135 seems an interesting case for re-rating.
Mar 3, 2020 • 11 tweets • 7 min read
#TweetStorm - #RSI hits 23 on #Nifty. Converting this long post on nooreshtech.co.in/2020/03/what-h… into a #tweetstorm. Let us see whenever #RSI hits the 20-25 band on #Nifty what has been the market movement in last 10-12 years.
#RSI 23. #Nifty 10782 on 5th August 2019
Nifty 10637 on 23rd August 2019 . Positive Divergence
A higher bottom on 19th September at 10670.
1.3% lower and major rally started after 1.5 months.
breaks the sloping trendline and short term bottom . Support at previous bottoms 10600
Feb 4, 2020 • 6 tweets • 8 min read
#MythBuster - A thread - Yesterday, when markets were up and are up today, have seen numerous messages as to how #LIC has been put to work to prop up the markets and also how #LIC Ipo is a risk as their investments need to be sold or they will have to be independent ...
Lets take it through the numbers as to how relevance of #LIC in the #Equity Markets has detoriated. 1) #LIC puts in a net of 50-60k crores a year on an average. #MutualFunds in last few months hold 25-40k crores of cash and 8000 crores of monthly inflow through #SIP.
Feb 3, 2020 • 5 tweets • 4 min read
#DDT impact only on promoters and #hnis in monetary terms is not large but the signaling and sentiment impact is larger. A quick short thread on listed #equities ( will add more actual data instead of ballpark nos ).
1) total market cap of indian stocks = 150-160 lakh crores. Exact no as per bse market 153,04,724 crores. 2) 10% of that #marketcap is #PSU companies. Most of these companies at 5% yield or more 3) The dividend yield of #nifty500 has been in a range of 1-2% again #psus majorly
Jan 16, 2020 • 6 tweets • 2 min read
This is an exercise that we do internally as a team and has helped us make better decisions.
So where do you think these 3 charts to be over the next 6-12 months.
No need to guess the chart. Take the Poll below.
Mystery Chart 1 -Will it breakout or Flop ? Pick your Option for the next 6-12 months. Weekly Chart. Whats your View ?
Nov 5, 2019 • 11 tweets • 5 min read
#TweetStorm - #AMFI Data - 23% of Individual Assets are from B30 Locations
Mutual Fund SIPs accounts stood at 2.84 CRORE! And the total amount collected through SIP during September2019 was ₹8,263 crore
Oct 3, 2019 • 9 tweets • 11 min read
#TweetStorm - Expensive or deserves to be Expensive ? 1)One thumb rule for screening expensive companies is Market Cap to Sales or Enterprise Value to Sales. A 10x or more is generally expensive unless the company can grow sales rapidly or has extremely high Net Profit Margins.
2)Another way to look at expensive is if the Market Cap is equal to the Total Sales of the Addressable Market Size. This would lead to company having to launch different products in the future.
1) The IPOs-1990-1998 2) CPSE to CPSE cross holdings/ Privatization– 1999-2004 3) Golden Opportunity Missed -2004-2009 4) Disinvestment Back again through OFS/FPO- 2009-2014 5) All out -Buybacks,CPSE to CPSE , ETF , OFS -2014-2019
History of #Disinvestment in India - Through Numbers.
Jul 31, 2019 • 15 tweets • 6 min read
#TweetStorm -#LTCG Tax on Equity - Taxing Genuine Investors to get a best case 3000-5000 cr of Tax Revenue and losing 15 lakh crore Market Cap but not catching and penalizing Tax Evaders/Money Launderers does not seem Morally or Revenue Right. #Tweetstorm.
The Big Statement in #Budget2018
3.67 Lakh Crores of Exempted #LTCG Tax in A Y 2017-2018 and 20k crores expected in tax revenue in 2019 and 40k crores in 2020.