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.
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?
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 |
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?
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=”https://alphaideas.in/wp-content/uploads/2013/08/CLSA-Greed-Fear-Emergi-201308221.pdf”]
