Source: Sage One Investments
Look at Cyclically Adjusted PE (CAPE) ratio which is developed by Professor Robert Shiller and is defined as price divided by the average of ten years of earnings (moving average), adjusted for inflation. This ratio addresses the issue of margin volatility during an economic cycle.
Please note that Sensex CAPE had reached a high of 48.1x in December 2007 and currently we are less than half of that level.
Source: Tom McClellan
Some stuff I am reading today morning:
Cochin Shipyard to debut today (BL)
Hero Motocorp’s success (ET)
Nainital Bank trying to revamp as a Digital Bank (Mint)
Interview with “Grave Dancer” Sam Zell (Value Walk)
Company Profile: Motherson Sumi (OB)
How TK Chandiran created a textile empire (Forbes)
Indian cities to see fastest growth in Asia (Bloomberg)
Why everyone should write (Morgan)
Big Oil will become Big Green (Katusa)
Can Trump win the game of chicken with N Korea? (Zero Hedge)
Source: Sidin
This post is in continuation of my coat tailing series (see here)
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Ramesh Damani is a well known investor in the Indian equity markets.
His significant portfolio holdings as on 30 June,2017 as per stock exchanges is as given below:
| Company Name | NSE Symbol/BSE Code | Entity | % | Value (In Crores) |
| The Mandhana Retail Ventures Ltd | TMRVL | Ramesh Damani | 1 | 3.26 |
| TV Today Network Ltd | TVTODAY | Ramesh Damani | 1.46 | 18.95 |
| Uniply Industries Ltd | UNIPLY | Ramesh Damani | 1.02 | 6.24 |