Shashank Kanodia, Analyst, ICICI direct said: "Yes certainly, auto numbers in July 2020 signal recovery from COVID-19 induced shock. The recovery however is being led by the rural and semi-urban focussed segments namely tractors and motorcycles. At the retail level for the industry, volumes are back at near 65 percent of pre-COVID levels. Domestic three-wheelers as well as M&HCV segment however are yet to see meaningful recovery." … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
Acceleration of growth of high-quality lenders due to market share gains post the crisis (as the weaker lenders fade away); normalisation of NPAs and system-level credit growth once the crisis ends; and normalisation of P/E multiples as economic growth, credit growth, and NPAs normalise. … [Read more...] about D-Street Talk: Saurabh Mukherjea gives a low-down on how he picks winners for Kings of Capital portfolio
AT THE MOMENT when most boys are plotting how to launch gum into a classmate’s braids, 12-year-old Jack Abraham was hired by his father. It was 1999. Magid Abraham already had a habit of defying convention: He had escaped the farming life of his Lebanese parents by way of an engineering scholarship to Ecole Polytechnique in France, then had turned down the opportunity to become a nuclear physicist in Europe to get his MBA and PhD from MIT. Now Magid was setting out to defy all those sensible things he’d learned in business school. His ludicrous goal was to measure all the data on the web, with Jack as one of his software coders. “From a young age, Jack always had the confidence to be able to express his ideas and not really worry about what people thought of them,” says Magid, who is still CEO of comScore, a $175-million-a-year company that, yes, measures all the data on the web and sells the intelligence it gleans to major corporations. “He also tends to … [Read more...] about How Jack Abraham Is Reinventing EBay [Update]