We have not seen meaningful growth in Sensex EPS for six quarters. This quarter is no different. It is not the global slowdown which is holding back Sensex EPS growth; if anything, by crunching commodity prices, the global slowdown is helping Sensex EPS show a little bit of growth. What is hitting EPS growth in India is Prime Minister (Narendra) Modi’s resets around black money, crony capitalism and Aadhar. Modi is changing the way consumption and capex takes place in India and corporate India is finding it hard to come to terms with these changes.-said Saurabh Mukherjea
Top 5 Holdings of Amansa
This post is in continuation of my coat tailing series (see here)
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Amansa Capital run by Akash Prakash is a well known fund management company with significant investments in India.
Its top 5 investments in India aggregating around Rupees 1750 Crores as on 30 Sept,2015 as per Stock Exchanges is given below:
Company | Symbol | Entity | Date End | # of Shares | % | Value (In Crores) |
Mahindra & Mahindra Financial Services Limited | M&MFIN | AMANSA HOLDINGS PRIVATE LIMITED | 201509 | 11704054 | 2.06 | 284.41 |
The Federal Bank Limited | FEDERALBNK | AMANSA HOLDINGS PRIVATE LIMITED | 201509 | 56463346 | 3.29 | 320.15 |
SRF Limited | SRF | Amansa Holdings Pvt. Ltd. | 201509 | 2950882 | 5.14 | 371.81 |
Ashok Leyland Limited | ASHOKLEY | AMANSA HOLDINGS PRIVATE LIMITED | 201509 | 40000033 | 1.41 | 385.60 |
Cholamandalam Investment and Finance Company Limited | CHOLAFIN | AMANSA HOLDING PRIVATE LIMITED | 201509 | 6144336 | 4.27 | 387.71 |
Linkfest:November 24,2015
Some stuff I am reading today morning:
Why the Govt’s gold scheme did not work (Mint)
How tax incentives have distorted our economy (CapitalMind)
NSE,BSE near deals to cut stakes in depository arms (BS)
Telecom Tower Companies:Buy or be bought (OB)
A new dawn for the power sector (BL)
Cafe Coffee Day:An empire grown on beans (Forbes)
Lingering effects of the financial crisis (Common Sense)
Identifying the highest quality momentum stocks (AA)
How do Munger & Buffett discount future cash flows (25IQ)
Time your next Big Buy with these 3 charts (DR)
Tough to be a small businessman in India
Source:Mint
Linkfest:November 23,2015
Some stuff I am reading today morning:
How a Mumbai couple created a 7 Lakh Crore dubious firm (ET)
Is the bubble bursting for India’s online startups? (Mint)
Govt working to curb domestic flow of black money (BS)
Symphony founder Achal Bakeri Lecture (Prof. Sanjay Bakshi)
Analysis:Ratnamani Metals & Tubes (Vijay Malik)
IIFL Research Report:Railway Stocks (RJ)
Faulty Assumptions (Common Sense)
Last decent shot at making 680% in China IPOs (Bloomberg)
How the next global financial meltdown will unfold (DR)
Goldman eyes $20 oil (Telegraph)