once i hit a baba from behind while riding my bike. ages ago.
turning around…he cursed me: one day index will be all time high and all your stocks will be deep red
today was the day his words came true😊😊
— utsav shrivastava (@utsav1711) January 18, 2018
Source:Mint
Some stuff I am reading today morning:
Sensex crosses 35,000 as Govt moves to contain fiscal deficit (Mint)
Centre mulls 100% FDI in private banks (BS)
SEBI to limit retail participation in F&O market (MC)
GST rates of 70 more items likely to be cut (Rediff)
How Mohan Bros planning to take back Old Monk to its iconic status (ET)
Interview with S Naren (Morningstar)
RITES files IPO papers with SEBI (BL)
Ruia family may have found a way to bid for Essar Steel (Quint)
Silly SEBI statutes (Amit)
On Portfolio Sizing (Abhishek Basumallick )
Suryoday Bank is Small Finance Bank backed by HDFC,IDFC,IFC,Gaja Capital and TVS Shriram (the same folks who backed RBL Bank)
It’s IPO is expected in 2020 and is expected to do a rights issue soon.
It’s financials can be obtained from here.
A very limited quantity of its shares are on offer for sale.
For those interested,please email me at Alpha Ideas
Some stuff I am reading today morning:
Smallcaps/Midcaps collapse post Uday Kotak’s warning (BL)
Patanjali plans to overtake HUL by next year (ET)
Federal Bank-Near term weakness an opportunity? (MC)
Interview with Charandeep Singh, Girik Capital (Morningstar)
Why Danone shut its Dairy arm in India (Quint)
Why foreign banks are going slow in India (Rediff)
Buy after 20x in a year (Amit)
Stock Talk: Scooters India (Gaurav)
The elements of entrepreneurship (Seth Godin)
The bubble that could break the world (DR)