Categories Archives - Page 71 of 95

Bonds & Deposits

What are covered bonds?

We have been receiving queries from many of you on the series of covered bonds/market-linked debentures that are being issued by a platform. Many of you seem to derive comfort from the fact that the platform is backed by marquee investors. The interest in this new kind of bond appears palpable going by the number of YouTube videos plugging covered bonds as a high-return alternative to FDs.

Vidya Bala June 17, 2021 No Comments

Stocks

Re-creating the cash flow

Analysis beyond the P&L and the Balance Sheet is a must if we have to take a long term view of any company. I am not referring to fundamental or technical factors, but to more number work based on the published accounts. I am referring to the cash flow. My approach is different from what most textbooks would prescribe. Statutorily the accounts do carry something called the ‘funds flow’. That is not what I mean when I talk about ‘cash flow’. In the past, during a few of my presentations, I have taken up some analytical work on companies like Sintex, ABG Heavy Industries where a reconstruction of the cash flow showed that the story was vastly different from what the EPS and the PE numbers were telling. A solid cash flow analysis can tell us what the health of the business is and based on what current and likely future trends are, what would be the outcome.

R Balakrishnan June 16, 2021 4 Comments

Premium

IPO review – KIMS Hospitals

KIMS Hospitals or Krishna Institute of Medical Sciences Hospital is a multi-speciality hospital chain with 9 centres, focused on the Andhra Pradesh-Telangana region. The KIMS Hospital IPO seeks to raise a sizeable Rs 2,143 crore (at the upper end of its price band of Rs 815-825). Of this, Rs 1943 crore is an offer for sale from PE investor General Atlantic, the promoters, and 44 other shareholders. The remaining will be used to pay off the already low borrowings and for general corporate purposes. Does the KIMS Hospital IPO make for a good long-term bet?

Bhavana Acharya June 15, 2021 8 Comments

eicher motors, multibagger, royal enfield

Stocks

Eicher Motors: A multi-bagger that no one foresaw

Have you been led to believe that multibaggers picked by popular investors are purely the result of skill, timing and foresight? Well, it’s often luck

N V Chandrachoodamani June 15, 2021 2 Comments

Sona BLW Precision Forgings, IPO , Sona Comstar IPO Review

Stocks

IPO Review: Sona BLW Precision Forgings

Automotive components manufacturer Sona BLW Precision Forgings (Sona Comstar) has come out with an IPO totalling to Rs 5,550 crore – with fresh issue of

N V Chandrachoodamani June 13, 2021 15 Comments

Stocks

5 things they don’t tell you about finding multibaggers

With the bull market in full swing, there’s no dearth of investors, trading platforms and fintech firms out to convince you that making money from equities is a breeze.
Ads for a fintech firm show folks who can’t manage everyday stuff like shopping, exercising or keeping to a diet, trading in stocks as easy as pie.
Newly sprung up investing gurus tell you that all you need to do to earn untold riches, is to identify a bunch of ‘quality’ stocks and invest in them robotically.

Aarati Krishnan June 10, 2021 No Comments

Short Takes

Frivolous features

You can tell when a platform marketplace is getting too crowded when useless, misleading ‘features’ get added on to the software in the quest for ‘differentiation’. I ran into a prime example of just such a thing when someone sent me a screenshot of a page from the Paytm Money app.

Srikanth Meenakshi June 10, 2021 4 Comments

Markets

Technical outlook: Where’s the Nifty 50 headed?

A couple of months ago, we had given an outlook for the Nifty 50. Today, we’re giving an update to that Nifty 50 outlook. Here

B Krishnakumar June 8, 2021 18 Comments

General

Franklin judgement – What’s said and what’s left unsaid

SEBI has come out with its order regarding l’affaire Franklin Templeton debt funds. The 100-page document is categorical in its indictment of the AMC and the ways in which these debt funds were managed. 2 messages are clear from the order: One, investor protection is paramount to the regulator. Two, fund managers and AMCs cannot take their fund management responsibility lightly.

PrimeInvestor Research Team June 8, 2021 3 Comments

Mutual funds & ETFs

Prime Recommendation: 2 floating rate debt funds for medium time frames

With interest rates being where they are – i.e., stable with no clear signs of a move upwards or downwards – you would wonder where you could hold investments meant for a 2-3 year timeframe. And many of you also wonder if the best option you have is to go for floating rate debt funds as they would have an edge over other debt fund categories.

Bhavana Acharya June 6, 2021 6 Comments

Premium

Stock Review : Mishra Dhatu Nigam (MIDHANI) – A material growth proxy on defence and space

In these reviews, we pick stocks that have rallied, or where businesses are interesting or changing, or where companies may be relatively unknown and so

N V Chandrachoodamani June 3, 2021 3 Comments

Markets

Logistics sector – Results review and Prospects

Even as the economy is battling with the second wave of Covid-19, supply chain appears to be smoother than when the pandemic began. After 2

N V Chandrachoodamani June 3, 2021 2 Comments

PrimeInvestor - Articles and Reports

What are covered bonds?

Re-creating the cash flow

IPO review – KIMS Hospitals

Eicher Motors: A multi-bagger that no one foresaw

IPO Review: Sona BLW Precision Forgings

5 things they don’t tell you about finding multibaggers

Frivolous features

Technical outlook: Where’s the Nifty 50 headed?

Franklin judgement – What’s said and what’s left unsaid

Prime Recommendation: 2 floating rate debt funds for medium time frames

Stock Review : Mishra Dhatu Nigam (MIDHANI) – A material growth proxy on defence and space

Logistics sector – Results review and Prospects

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