Investing Eleven Conclave 2.0
Excited to share that I would be presenting two ideas tomorrow - one in the precision engineering space, other in electricity space
https://t.co/xCdBzHiuwz
India story - Calm inside, storm outside
1) Internal variables are improving
2) External variables deteriorated, but can soon stabilize 3) Navigating the risks & opportunities in such situation
https://t.co/xQrwTRWN2i
Northern Arc - Good performance not rewarded?
While this is story of many smallcaps, Northern Arc warrants a deeper look
1) Analysis of Q3FY26 results
2) Re-cap of the long term thesis
https://t.co/wIIuyNmFbD
Tata Capital IPO
Price band = 310 to 326 per share.
At 326, it will trade at 3.2x on P/B (post money), which is ~5% discount to HDBs valuation.
Tata Cap is also "jack of all & master of none" NBFC. Not much to gain for IPO investors and 55% loss for unlisted mkt investors.
Where is the NBFC upcycle?
1) Housing Finance
2) Vehicle Finance
3) Gold Finance
4) Micro Finance
5) Consumer Finance
A deep-dive into 5 sub-segments and 45 NBFCs
https://t.co/dmmdalqemc
Where is the NBFC upcycle?
1) Housing Finance
2) Vehicle Finance
3) Gold Finance
4) Micro Finance
5) Consumer Finance
A deep-dive into 5 sub-segments and 45 NBFCs
https://t.co/9a4GIm7fhb
JM Financial Q1 - Walking the talk
Focused business
1) Strong traction in capital markets
2) Expansion in wealth mgmt
3) Scale-up in private credit
4) Stake sale in HFC at ~3.2x book
Old business
1) NPA pain over, recovery started
Interesting times ahead. Read our past notes.
Discussion on NBFCs
GreenEdge Wealth on CNBC TV18's new show "Finding Alpha" with @Nigel__DSouza
Discussion on housing fin, CV fin, gold fin, consumer fin, micro lending. Below is the link to the whole conversation
https://t.co/bYks19p9Vj