Categories
CoatTailing

Portfolio of Nomura in India

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

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Nomura is a well known Japanese FII

Their significant holdings in India as on 31 Dec,2014 as per Stock Exchanges is given below:

 

Company Symbol Entity Name Date End # of Shares % Value (In Crores)
Ansal Properties & Infrastructure Limited ANSALAPI Nomura Singapore Ltd. 201412 7087359 4.5 20.09
D B Realty Limited DBREALTY Nomura Singapore Limited 201412 5564582 2.29 41.21
Era Infra Engineering Limited ERAINFRA NOMURA SINGAPORE LIMITED 201412 2279409 1.25 1.42
Eveready Industries India Limited EVEREADY THE NOMURA TRUST AND BANKING CO. LTD AS THE TRUSTEE OF NOMURA INDIA STOCK MOTHE 201412 898303 1.24 21.56
Gujarat Pipavav Port Limited GPPL NOMURA INDIA INVESTMENT FUND MOTHER FUND 201412 5092567 1.05 121.89
Nitest Estates Limited NITESHEST NOMURA INDIA INVESTMENT FUND MOTHER FUND 201412 12971738 8.89 21.93
Repco Home Finance Limited REPCOHOME NOMURA INDIA INVESTMENT FUND MOTHER FUND 201412 1243273 1.99 85.57
Sadbhav Engineering Limited SADBHAV Nomura India Investment Fund Mother Fund 201412 5111341 2.98 171.79
Subex Limited SUBEX NOMURA SINGAPORE LIMITED 201412 10234433 6 10.39
Categories
Sellside Research

The “Sade Saath” of Reliance Industries

Came across an interesting report on Reliance Industries by Nomura

(Hat Tip DeadPresident)

Interesting to note that for the last 7 years,Reliance Industries has underperformed the Sensex every year.

7 years of despair always reminds me of the “Sade Saath” of Indian astrology.Time to show Mukeshbhai’s horoscope to the local astrologer?

Reliance Industries
Reliance Industries
Categories
Sellside Research

What are they smoking?

When foreign brokerage houses entered India, many investors felt that finally they would get an opportunity to have world class research reports. But the experience has been a painful one.

On June 29, 2011, Nomura Securites came out with a buy call on KS Oils with a target of Rs.45.KS Oils was trading around Rs.22 then.So the price target was a whopping 100% above the then prevailing price.Subsequently, the scandal about KS Oils broke and now it is trading at around Rs. 5 per share !

Now, you have the good people of Macquarie have put an Outperform rating on DLF with a price target of Rs.250. DLF is known for its opaque accounting practices and poor corporate governance issues.Veritas in it’s detailed report has put a price value of Rs.100 on the stock.What is interesting is that Macquarie had slammed HDFC for its accounting practices, but at the same time has given a clean chit to DLF for the same.

Can DLF hit 250 in the short term?Sure, in the Indian stock markets, anything is possible.But is it the kind of stock that one expects a reputed brokerage house to recommend for “investing”?Hell, no !!

Makes one wonder, what are these analysts smoking?