China IIP 6.2 %
India IIP -2.4 %
India Indirect Tax collection + 27.5 %
India Direct Tax Collection + 15 %
How to reconcile this paradox ?— Nilesh Shah (@NileshShah68) September 13, 2016
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Naren on Buying Cyclicals
Many of the commodity-based sectors see cyclical trends as can be seen in metals, oil, shipping, sugar, commercial vehicles, capital goods etc.
The point to remember while investing in these pockets is that there will be times when these companies will do very badly, which should be the ideal time to buy, and there will be times when these companies do very well, which are times to sell.
The key understanding here is the best time to buy a cyclical stock is when their share price is low and not when their earnings are high.
For example, when sugar prices are at their bottom, sugar stocks will be at the bottom, but their valuation in terms of price to earnings, will be very costly.
So it is important to buy cyclicals based on share prices rather than earnings.
–said S Naren,CIO,ICICI Prudential Asset Management
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Why the market went down
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Linkfest: September 15,2016
Some stuff I am reading today morning:
Is HDFC Mutual Fund screwing its investors? (Vipin)
India lays foundation for a Fintech revolution (Reuters)
Is Infosys facing a leadership crisis? (Mint)
Stock investing is not only about buying the right stock (S Naren)
Oyo Rooms loses around 47 Cr per month (FE)
Soured DoCoMo deal tests India’s investment appeal (Bloomberg)
Investing in an IPO?Go with the institutions (BL)
My lessons from Mutual Fund investing (FreeFinCal)
The John Bogle expected return formula (CS)
3 Lessons from Buffett’s bet against hedge funds (Morningstar)
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Current Market Situation
Current situation of the market probably says
' When kids come to dance floor, it's time for elders to go to bed '.— Vijay Kedia (@VijayKedia1) September 8, 2016