"Maruti with its more than 50 percent share is our preferred sector pick. Within auto parts, we have a 'buy' rating on Endurance, which will benefit from its increasing content supplies to the two and three-wheeler OEMs. The parts supplier has acquired the European parts companies - Adler and Grimeca, which will further enhance their technical competence," said Makharia. … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
Over the past decade, India’s Financial Services sector has been hammered by demonetisation, and history shows that investing in high-quality financial stocks during a crisis proves to be highly rewarding, Saurabh Mukherjea, Founder and CIO of Marcellus Investment Managers said during a podcast ‘D-Street Talk’ with Moneycontrol on his new PMS scheme “Kings of Capital”. … [Read more...] about D-Street Talk: Saurabh Mukherjea gives a low-down on how he picks winners for Kings of Capital portfolio
- Phase 3 (2014 to 2019) – Successful domestic acquisitions: Having learned from its mistakes made in the preceding phase of international acquisitions, Pidilite resumed its focus on frequently acquiring smaller domestic competitors in its core business. For example, Bluecoat has been acquired for ~Rs 260 crores (6% of FY14-19 operating cash flows) and Suparshva for an undisclosed consideration. These acquisitions have turned out to be substantially RoCE accretive for Pidilite. The firm has also deployed ~Rs 300 crores over FY14-19 (~7% of operating cash flows and ~2-3% of capital employed over this period) to acquire businesses in adjacent categories (CIPY – floor coatings; Nina and Percept – waterproofing contractors) and has formed JVs with MNCs like ICA for niche products like wood finishes. These businesses have shown significant improvement in financial performance post-acquisition. In addition to disciplined capital … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2
Reynolds invested in Aviation, which was originally founded by a bartender and distiller duo in the Pacific Northwest, mostly because he liked it so much that he couldn’t stop thinking of ways to help it succeed. Which is pretty much the same reason he purchased a significant ownership stake in four-year-old Mint Mobile last year. Mint is what’s known as an MVNO—a mobile virtual network operator—which means it purchases excess wholesale capacity from a big nationwide network (T-Mobile, in Mint’s case) and rebundles it for customers. MVNO brands, which include Boost Mobile, Google Fi, and carriers’ own low-cost options such as AT&T’s Cricket, typically have no retail footprint and relatively tiny marketing budgets. That’s where Reynolds saw an opportunity. He felt the value proposition was so strong—most Mint plans are $15 a month, compared to around $60 for the major brands—that his unique ability to get the word out would … [Read more...] about Ryan Reynolds on ‘Deadpool,’ diversity, and the secrets of successful marketing
Reports suggest that investment in ETFs has seen a sharp rise in the recent past. Investors are moving away from actively-managed equity funds. In June, ETFs saw inflows of Rs 4,092 crore, four times higher than the previous month. … [Read more...] about 3 Point Analysis | Why are investors opting for ETFs?