Categories
ForecastingFolly

Forecasting Folly:CLSA Edition

Hat Tip: Aniruddha Jain

Around 5 months back,CLSA came out with a “Sell” recommendation on Biocon which led to a very public Twitter fight between the Biocon CEO and an analyst.

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Biocon was trading around Rs.534 when CLSA issued the Sell Recommendation.

Its trading around Rs.723 today,up by almost 35% in the space of 5 months.

Forecasting Folly,anyone?

Categories
CoatTailing

Portfolio of CLSA in India

This post is in continuation of my coat tailing series (see here)

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CLSA Global Markets is a well known FII investor in the Indian markets.

Its top 5 investments in India aggregating around Rupees 1,550 Crores as on 30 Sept,2015 as per Stock Exchanges is given below:


Company
Name
Symbol Entity Name Date End # of Shares  % Value In Crores
IDFC
Limited
IDFC CLSA GLOBAL MARKETS PTE. LTD. 201509 27530245 1.73 132.15
Hathway
Cable & Datacom Limited
HATHWAY CLSA GLOBAL MARKETS PTE. LTD. 201509 33349680 4.02 146.74
Petronet
LNG Limited
PETRONET CLSA GLOBAL MARKET PTE.
LIMITED
201509 8315775 1.11 200.41
Reliance
Communications Limited
RCOM CLSA Global Markets Pte. Ltd. 201509 42285000 1.7 363.65
United
Spirits Limited
MCDOWELL-N CLSA GLOBAL MARKETS PTE LTD 201509 2343024 1.61 707.59
Categories
ForecastingFolly

Forecasting Folly:CLSA Edition

Circa one year back on September 4,2014

Economic Times carries an article headlined “CLSA picks top four midcap stocks which can give up to 21% return in 1 year”

It helpfully puts out the following table for the benefit of its readers:

Now first forward to today i.e. September 3,2015.Interesting to see current prices now with respect to the targets given:

Company Name Target (Rs) CMP (Rs)
Tata Communications 450 383.4
Voltas 292 258.65
Phoenix Mills 390 327.8
Motherson Sumi 410 295.1
As on September 2,2015

 

Forecasting Folly, anyone?

Categories
Sellside Research

The bigger the crisis, the better for Narendra Modi

The Indian stock market’s greatest hope in this respect is the emergence of Gujarat Chief Minister Narendra Modi as the
BJP’s prime ministerial candidate. While the odds are definitely stacked against him, GREED & fear’s view is simply that the worse the sense of crisis the better Modi’s chance of winning. This is why a decision to go to the IMF would appear to be political suicide for the current Congressled government. Modi is certainly raising the rhetorical level with his growing public attacks on
a ‘direction-less’ government and his focus on the collapsing rupee. The rhetoric is increasing because the general election season is approaching. Remember that an election has to be held by May next year-Greed & Fear Report-CLSA

 

The entire report follows below:

[gview file=”http://alphaideas.in/wp-content/uploads/2013/08/CLSA-Greed-Fear-Emergi-201308221.pdf”]