Paul Joseph

Deal Flow – 12/02: Goldman Sachs and Nomura mop up Teamlease Services, Nordea continues to dump Justdial, Ricky Ishwardas Kirpalani sells Kakatiya…

by Paul Joseph February 12, 2016 Featured

Here is the “Deal Flow (Summary of Bulk & Block Deals)” of the data that is revealed in the markets. This has been collated and curated to make trade-able sense. A Bulk Deal is a trade, where total quantity bought or sold is more than 0.5% of the number of equity shares of the company. A trade, with a minimum quantity of 5,00,000 shares or minimum value of Rs.5 crore executed through a single transaction on this separate window of the stock exchange will constitute a Block Deal . Justdial Justdial is an Indian company providing pan-India search services via the Phone, Web, Mobile and SMS. The service represents a large classifieds service where users can call a common number to request a human operator what products or services they are looking for. The available, listed businesses are then communicated to the users by Email or SMS. Nordea Emerging Market Equity Fund sold 697,258 shares or 1%.… (Read On…)

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Premium: Can Liquid Funds Lose Money?

by Paul Joseph February 12, 2016 Featured

Liquid Mutual Funds are considered very safe. They can only invest in debt and even there, only paper that matures within 91 days. They have many things they can buy: • Lend money in the call market (overnight borrowing) • Use CBLO to finance (between overnight and a few days) • Buy T-Bills or government securities that are maturing in the next 91 days (government backed, so ultra low credit risk) • Buy corporate paper (commercial paper) or bank paper (certificates of deposit) maturing within 91 days (some credit risk, but shorter term to maturity) In such a case, unless there is a default, why would liquid funds lose money? Now think about this: The rest of this content is only available to premium members. Register for a premium membership today ! Apart from this content you will get our proprietary research and weekly newsletter too! Already a subscriber? Log in now !… (Read On…)

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Portfolio: The Carnage Continues, We’re Down to 30% CAGR

by Paul Joseph February 12, 2016 Featured

Its been a horrible set of days for the portfolios. We have had serious corrections and stop losses, all noted on slack: The rest of this content is only available to premium members. Register for a premium membership today ! Apart from this content you will get our proprietary research and weekly newsletter too! Already a subscriber? Log in now !… (Read On…)

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Deal Flow – 11/02: Nordea follows SBI Life Insurance and exits Justdial

by Paul Joseph February 11, 2016 Featured

Here is the “Deal Flow (Summary of Bulk & Block Deals)” of the data that is revealed in the markets. This has been collated and curated to make trade-able sense. A Bulk Deal is a trade, where total quantity bought or sold is more than 0.5% of the number of equity shares of the company. A trade, with a minimum quantity of 5,00,000 shares or minimum value of Rs.5 crore executed through a single transaction on this separate window of the stock exchange will constitute a Block Deal . Justdial Justdial is an Indian company providing pan-India search services via the Phone, Web, Mobile and SMS. The service represents a large classifieds service where users can call a common number to request a human operator what products or services they are looking for. The available, listed businesses are then communicated to the users by Email or SMS. (Read here about the SBI exit) Nordea Emerging Market Equity Fund sold 761.567 shares or 1.08%. … (Read On…)

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Carnage in the Markets as Nifty Covers a Long Term Gap and Midcaps Fall Back To The Mean

by Paul Joseph February 11, 2016 Featured

The market crashed big time today. But it was only big in the context of recent history: this is really the biggest fall since the August one day fall. But it’s reached an important point – it’s covered a “gap” that we had seen open for a long time. The good news is: this gap could help act as a support level – for those that missed out buying then, this is one more opportunity. What’s also happened is the crazy outperformance by the small and midcaps – noticed especially since the 2015 September bottom – has now officially vanished. We’re on par. What Happens From Here? First, let’s admit that India is not the great story that we keep hearing about. It’s going to hurt when the world hurts, and the world is hurting. But it’s not just the world. It’s us. The problems we have aren’t small, and aren’t going to go away.… (Read On…)

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Deal Flow – 10/02: Big Whale Ashish Dhawan founded ChrysCapital buys Hindustan Media Ventures and Nordea Mutual Fund buys Reliance Infrastructure

by Paul Joseph February 10, 2016 Featured

Here is the “Deal Flow (Summary of Bulk & Block Deals)” of the data that is revealed in the markets. This has been collated and curated to make trade-able sense. A Bulk Deal is a trade, where total quantity bought or sold is more than 0.5% of the number of equity shares of the company. A trade, with a minimum quantity of 5,00,000 shares or minimum value of Rs.5 crore executed through a single transaction on this separate window of the stock exchange will constitute a Block Deal . Hindustan Media Ventures Hindustan Media Ventures is one of the leading print media companies in India in terms of Readership. The company publishes and prints ‘Hindustan’, the third largest daily newspaper in India in terms of Readership with a Readership of 9.9 million readers. ‘Hindustan’ has the largest Readership in key Hindi-speaking markets of Bihar and Jharkhand, with a strong and growing presence in Delhi NCR and the states of Uttar Pradesh and Uttarakhand. … (Read On…)

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Premium: US FDA Warning Letter to IPCA Laboratories for Ratlam facility, Pithampur facility and Piparia Silvassa facility

by Paul Joseph February 10, 2016 Featured

  On the 29-Jan-16 (Tuesday), the US FDA issued a Warning Letter to IPCA Laboratories.  The letter was in relation to the: Inspection performed during July, 2014 at Ratlam (Madhya Pradesh) observations in Form FDA 483 which subsequently resulted into issuance of import alert on the said manufacturing unit by the US FDA on 22-Jan-15 Inspection of the formulations manufacturing units situated at SEZ Indore (Pithampur) and Piparia (Silvassa) which resulted in  Form FDA 483 to the said manufacturing units and had issued import alert on 24-Mar-15.  IPCA confirmed the receipt of the US FDA Warning Letter on the 1-Feb-16 (Friday) – refer here for the confirmation This is what the company had to say about it: We refer to our letters dated 24th July, 2014, 23rd January, 2015 and 25th March, 2015 informing you about the US FDA inspections at our manufacturing units situated at Ratlam (Madhya Pradesh), SEZ Indore (Pithampur) and Piparia (Silvassa), during which inspections these manufacturing units received certain inspection observations in Form 483 and which subsequently resulted in issuance of import aiert on these manufacturing units. … (Read On…)

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Charts: GDP Grows at 7.3% But Data Does Not Look Reliable

by Paul Joseph February 9, 2016 Featured

India’s GDP for the December 2015 quarter grew by 7.3% on what seems to be love and fresh air, because nothing else seems to be able to corroborate this kind of data. But it’s there and that’s what we have so at Capital Mind we’ll do our graphs. Real GDP Grows at 7.3% while Nominal Growth Jumps to 9%, We Don’t Know How Apparently the Real GDP (net of inflation) is growing at 7.3%. Which sounds great except it’s not really apparent where that’s coming from. The nominal growth – which had dipped below the real growth number last quarter has been noted at 9.23% which is quite phenomenal if consider how slow the economy has seemed. Inflation = the GDP Deflator back to Positive Territory, Highest in a Year The ratio between real and nominal gives us inflation through what is called the GDP deflator. That is at +1.9% and at the highest level since December 2014.… (Read On…)

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Deal Flow – 09/02: SBI Life Insurance exits (Sequoia, Nalanda, Fidelity, SAIF Partners backed) Justdial

by Paul Joseph February 9, 2016 Featured

Here is the “Deal Flow (Summary of Bulk & Block Deals)” of the data that is revealed in the markets. This has been collated and curated to make trade-able sense. A Bulk Deal is a trade, where total quantity bought or sold is more than 0.5% of the number of equity shares of the company. A trade, with a minimum quantity of 5,00,000 shares or minimum value of Rs.5 crore executed through a single transaction on this separate window of the stock exchange will constitute a Block Deal . Justdial Justdial is an Indian company providing pan-India search services via the Phone, Web, Mobile and SMS. The service represents a large classifieds service where users can call a common number to request a human operator what products or services they are looking for. The available, listed businesses are then communicated to the users by Email or SMS. No one here is not familiar with this company.… (Read On…)

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Delivery Shockers – 08/02: Bajaj Holdings, Cholamandalam Investment and Page Industries Show up in Today’s Shockers

by Paul Joseph February 8, 2016 Featured

This is a part of the Capsule series; data that is revealed in the markets, collated and curated to make trade-able sense. Delivery Volume Shockers! We have compiled a list of those stocks which have seen massive increases in the “deliverable quantity to traded quantity %”. Stocks are traded every day and most stocks see intra-day trading (buy and sell on the same day). Intra-day trades don’t result in delivery – if two people buy and sell from each other and square off within the day, there will be volume, but no actual shares will change hands. Delivery volumes as a percentage of total volume shows us how much of the stock is traded versus held for more than a day. It’s not very useful to use this data to trade per se. But what is useful is if the delivery percentage JUMPS. If a stock is thinly delivered (say 30% delivery) and jumps up to 80% delivery then we are likely to be seeing some action in that stock because either a big buyer is in or a big seller is. … (Read On…)

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