venkat

Interested in value investing and value investors. Emerging technologies.

[kumar saurabh @suru27]

Market Manthan Q4FY26 is out.

After going through 400+ company conference calls across all sectors during Q4FY26, we've compiled summary insights and identified companies guiding for strong growth within their respective sectors.

A compilation of management guidance covering sector trends, capacity additions, margin outlook, demand visibility, and forward business commentary.

🔗 Access the Q4FY26 edition here: https://t.co/K7VmfyFbJE

📚 To access all our previous Market Manthan newsletters, create a free account here: https://t.co/ECMRAnT10X

It won't take you more than 5 secs.

[kumar saurabh @suru27]

#Windlas In short term, market punishes a stock for P&L underperformance. However, some short term accounting underperformance are for real long term gains. Professionalizing a small company by rewarding employees for performance incentive ESOPs is one though its accounting makes P&L look bad.

Same management comes with buyback without promoter participation

Managements keep giving signals of who they are

Investors/Traders need to choose with whom and for how long they want to tag along

Note: Not a buy or sell recommendation. Under coverage.

[kumar saurabh @suru27]

New addition to our Qualitative SME & Microcap Advisory - an emerging player benefiting from urbanization and digitization trends.

Also, Increased allocation to one of our existing picks.

Both part of our Qualitative SME & Microcap Advisory Service.

To Know More: https://t.co/e9i0uHtO54
Subscribe here: https://t.co/16RWKZuzmq

For the smoothest experience, please use a desktop/laptop rather than a mobile phone.
🎥 https://t.co/lJRQWZqCrp

[PVR Narasimha Rao @homam108]

As an engg manager in US, I managed a PhD from MIT & a BS-dropout from a mid-level college (joined a startup as intern & continued career without finishing 2 courses required for degree). The latter performed consistently higher!

The real difference between top & lower colleges is in the floor and ceiling (and the gap between them) of the talent there! At top colleges, floor is much higher & the gap between floor & ceiling is narrower, than at lower rated colleges.

Using college, coursework, GPA etc as criteria to hire is a lazy & inefficient strategy. One has to really assess. Good managers don’t go just by metrics or objective/quantifiable factors, but mix their left brain (logical & structured thinking) & right brain (intuition & unstructured thinking) intelligence!

BTW, the same engineer may be very poor in some kind of work & work style/culture but superb at another. Good managers not only hire good talent, but also assess the strengths & weaknesses of people & use them well! You don’t make a squirrel swim or a fish climb tree.

[kumar saurabh @suru27]

The animal health story inside Viyash has a second layer which is about companion animals.

~ With Boehringer Ingelheim partnership for companion-animal distribution in India, a canine-heart therapy tie-up with VetViva Richter in Europe, and direct companion-animal sales now starting in Italy.

DISC: Part of own and advisory portfolio. Not a buy or sell recommendation.

[PVR Narasimha Rao @homam108]

Namaste friends, please retweet this unusual request to maximize reach.

Sri @annamalai_k ji is at important crossroads & the next year is a BIG ONE for him. IF you care for him, BJP & TN, please do the prayers I am suggesting below, at the times mentioned below, with the sankalpa mentioned below.

(1) Solar New Year

TIME: 2026 June 4, 4:45-5:15 pm IST (please convert to local time if you live outside of India)
PRAYER: Chant Durga Saptashloki once, chant the pair (Lakshmi Ashtottara Shata Nama Stotra, followed by Vishnu Sahasra Nama Stotra) as many times as you can (each time repeat the pair), Lakshmi Ashtottara Shata Nama Stotra one last time and then Durga Saptashloki once at the end.
SANKALPA: Say this before the chanting:
शिव गोत्रोद्भवस्य आश्रेषानक्षत्रे कर्कराशौ कन्यालग्ने जातस्य कुप्पुसामि अन्नामलै नामधेयस्य शीघ्रमेव तमिळराज्याधीशत्व सिद्ध्यर्थं दुर्गालक्ष्मीविष्णुध्यानकर्म यथाशक्ति करिष्ये।
ஶிவ கொத்ரொத்பவஸ்ய ஆஶ்ரெஷானக்ஷத்ரெ கர்கராஶௌ கன்யாலக்னெ ஜாதஸ்ய குப்புஸாமி அன்னாமலை னாமதெயஸ்ய ஶீக்ரமெவ தமிளராஜ்யாதீஶத்வ ஸித்த்யர்தம் துர்காலக்ஷ்மீவிஷ்ணுத்யானகர்ம யதாஶக்தி கரிஷ்யெ|
śiva gotrodbhavasya āśreṣānakṣatre karkarāśau kanyālagne jātasya kuppusāmi annāmalai nāmadheyasya śīghrameva tamiḻarājyādhīśatva siddhyarthaṁ durgālakṣmīviṣṇudhyānakarma yathāśakti kariṣye|

(2) Soli-lunar New Year

TIME: 2026 June 19, 2:15-2:45 pm IST (please convert to local time if you live outside of India)
PRAYER: Chant Durga Saptashloki as many times as you can.
SANKALPA: Say this before the chanting:
शिव गोत्रोद्भवस्य आश्रेषानक्षत्रे कर्कराशौ कन्यालग्ने जातस्य कुप्पुसामि अन्नामलै नामधेयस्य शीघ्रमेव तमिळराज्याधीशत्व सिद्ध्यर्थं दुर्गाध्यानकर्म यथाशक्ति करिष्ये।
ஶிவ கொத்ரொத்பவஸ்ய ஆஶ்ரெஷானக்ஷத்ரெ கர்கராஶௌ கன்யாலக்னெ ஜாதஸ்ய குப்புஸாமி அன்னாமலை னாமதெயஸ்ய ஶீக்ரமெவ தமிளராஜ்யாதீஶத்வ ஸித்த்யர்தம் துர்காத்யானகர்ம யதாஶக்தி கரிஷ்யெ|
śiva gotrodbhavasya āśreṣānakṣatre karkarāśau kanyālagne jātasya kuppusāmi annāmalai nāmadheyasya śīghrameva tamiḻarājyādhīśatva siddhyarthaṁ durgādhyānakarma yathāśakti kariṣye|

The reason I am suggesting this is that his Tajak Varshaphal chart for 2026-27 has 5th lord Rahu in 5th and lagna lord Venus and 9th lord Mercury in 9th. That chart takes effect at the time above. His Tithi Pravesh chart for 2026-27 also has 5th lord Rahu in 5th.

PS: I never made such suggestions/requests in the past for anyone else. But I am 100% confident that Annamalai ji is a sincere, selfless, dharmik & highly competent leader with deep love for TN & India. I am also confident that praying for his success is highly dharmik and WILL benefit TN and India, IRRESPECTIVE of whether he leads a new party that aligns with BJP later or remains with BJP after some drama and a fortified image pleasing people of TN.

PPS: You can start earlier than the time I mentioned and end later than the time I mentioned, but the actual time the new solar/lunar year starts for him is in the middle of the window I gave.

[Pratyush Halder @pratyush_no7]

🚨 The sticker of Angkrish Raghuvanshi’s bat isn't just an ordinary Brand Stricker but an urge to donate for life.

Angkrish was 8 years old when his younger brother Krishang was just 3 years old and Krishang was diagnosed with blood c@ncer. For the next 5 years the Raghuvanshi family lived in a devastated situation.

Angkrish always used to stay with his brother.

Ultimately Krishang defeated the C@ncer & Raghuvanshi family returned to normal life.

That's why Angkrish uses this “CanKids KidsCan” sticker on his bat which is an organisation that helps underprivileged kids to fight C@ncer.

Once Angkrish said that even if one person donates after watching the sticker on his bat then it will be a personal win for him.

So it's not just a sticker but a story of a family's fight, pain and hope. 🥹

[kumar saurabh @suru27]

Viyash ko bhi Yash ki prapti ho

#scientific #multicap #microcap

[Sandeep Kulkarni @moneyworks4u_fa]

As an workaholic introvert who has seen many of his platonic friendships drift into oblivion, I couldn't hold back my tears after reading this.
Thankfully my school group has a few active members who make it a point that we all meet every once in a while.
https://t.co/uFPmZ4m6EF

[Ananth Rupanagudi @Ananth_IRAS]

ACP Sanjay Singh of @DelhiPolice had played cricket with Gambhir and Kohli. He is a traffic cop with 20 years experience. As a former cricketer, it was his instinct which told him Ngidi’s injury was a bad one.

He took the call to activate the green corridor, an emergency route to allow uninterrupted passage that is generally reserved for organ donation.

The ambulance with Ngidi and ACP Sanjay Singh, reached the hospital in 11 minutes, instead of 40 or so. 60 cops were involved for that 11 minutes. Ngidi is stable Maybe it is due to that call. Well done, sir! #IPL #DelhiPolice #Ngidi

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

Received this video message in my Arattai group today. A new Scam which we should all be aware of. I think this is quite possible.

The AI Biometric Scam. Worth sharing and create awareness among your elders and friends.

One share can save someone.

#FI

[Unorthodox @Unortho34641922]

A true to label Multi-asset , one of the best in the industry..

Excellent note and product by team @WhiteOakCap and @AashishPS
#investing

[Monika Halan 🇮🇳 @monikahalan]

What took me hours of work earlier, @claudeai helped me do in minutes.
So, this is India's unluckiest investor's story.
He buys the Sensex every year at the 52-week high.
And keeps buying for 35 years.
He is persistent.
He is the unluckiest investor in India.
Because each time he invests the market falls (that year).

But long-term compounding of the market turns Rs 35 lakh into just over Rs 3 crore.

That's a 10.5% return. For the worst-timed investment.

[kumar saurabh @suru27]

10 Learnings from last 10 year of active investing

Been an active investor since 2015-16 with decent time allocated for investing

2017: Moons were shown during 2017 end with SME garnering limelight , it was followed by one of most brutal price and time correction in broader market

2018-19: When I was investing aggressively with monthly savings, many called it sheer madness and foolish to invest in Indian smallcaps when FIIs have lost trust over India. Many of those stocks in 5 years turned big multibaggers

2020: When valuations were mouth watering , many popular super intellectual fund managers were highly cautious and only when momentum came back, they changed stance. Theory n practical r not same

2020-21: The seeds and rewards of 2018-19 were reaped and reaped well

2022: Small pause with 20%+ correction lasted 15-16 months before another bull run started with double digit growth n margin expansion from attractive valuation of 17-19x leading to 40-80% return at index level in 2 years and higher at stocks

2023-24: Rewards of 2022 seeds reaped

2025-26: Now hearing similar tone on India I used to hear during 2018-19, however, geopolitics is more complicated, disruptions are more complicated, valuations in broader market are much better than 2024 but still not there like 2018-19. We have come below the historic median at best on most indices . Ultrasmallcap does have broader attractive valuation but liquidity missing

10 things I have learnt in all these cycles are (valid for me, may or may not for others):

1. Stay 100 meters away from perma bulls and perma bears

2. Stay 1000 metres away from those who are bullish at extremely high valuation and bearish at lower valuation.

3. There is no need to take extreme stands. Investing is not about 100% invested or 100% cash all the time. There is a life in between that which requires thinking in probabilities. Build skills to think in probabilities

4. Asset allocation matters. Cash is a position . In my last 5 years of teaching , this is something I have kept on teaching but very few get it. Portfolio management skills are much more important than individual stock buy or sell decisions. Unfortunately , it's least discussed topic in investing

5. Use systems built over data as we are humans and we are emotional. Systems are the best unbiased guide. The maximum amount of time gone to build systems to be the devil's advocate. Process, rules, algorithms, principles - all are part of system. Measurable and objective

6. Stay away as much from social media groups. The reason I stay on twitter is for business purposes, let me blunt else I would be in deactivated mode with very selective reading . Except 2-3 WA groups, I quit most groups or not active. Investing is very personal

7. Invest only that much so that I can sleep in peace. If can't sleep in peace, returns are of no use

8. Every bull and bear market will have a new story but it's the same old wine in new bottle - greed and fear is the same old wine, bottle keeps changing . Master understanding the wine (the behavior), not the bottle - the size, shape, color etc etc will keep changing every week. Let the news channels n chai pakaudi gang of social media keep debating the everyday changing bottle.

9. In equity, we cannot have all the answers all the time and when we have it, the price does not remain there. Learn to live with uncertainty through risk management . Whether investor or trader - We are in the business of risk management . Call it trader's stoploss or investors margin of safety. Better the risk management , better the returns.

10. Above all, hearing X generating Y% CAGR this that. There could always be someone above us and sometimes below us. Our competition should be with self to improve. Competing with others is also ok but if leads to jealousy, sadness, anger, short term routes to bypass core philosophy, lack of peace or sleep, the CAGR is of no use.

Wish you a happy and peaceful investing journey

[kumar saurabh @suru27]

The shipping business has 7 sub segments.

Port Management
Ship Building
Ship Repairing
Ship Recycling
Ancillary Companies
Charting Companies
Dredging

However, to me, it looks like:

1 super cyclic with high timing

2 lumpy n/or asset heavy n so, timing n patience needed

2 relatively more consistent and predictable

1 decent financial economics but just shaping up with limited opportunities n no pure play opportunity

1 complete ignore due to very poor risk reward

Valuations is a separate discussion all together

One sector but very different industry and business dynamics on how to put investment thesis at place.

[Vatsala Singh @_vatsalasingh]

एक बार सभी जरूर सुनें ये सत्य घटना मृत्यु के समय व्यक्ति को कैसा महसूस होता है...

[kumar saurabh @suru27]

~75% probability was enough to create the bottom or we will get a 85-90% probability - I do not know. Only time can tell. So, keep it simple. Live in probabilities, act in probabilities.

[kumar saurabh @suru27]

Thanks a lot Gautam 🙏 However, not possible individually. My whole team contributes to it and they make it possible. Also, we try to leverage tech to max for efficiency and productivity. However, we keep the human touch alive and ensure we go through everything line by line to filter out unwanted stuff , build our own perspectives and bring the best. Thanks to the whole team and thanks to all who keep encouraging us to do more such work. Thanks again Gautam @Gautamg717

[CNBC-TV18 @CNBCTV18News]

‘We don’t believe in the Chai-Paani model.’

‘We want to own the customer. We don’t want the agent or the bank to own the customer.’

That’s the core philosophy behind ACKO, says founder Varun Dua. The goal wasn’t just to build a D2C insurance company, it was to remove the middleman entirely -

‘Disintermediation is our true characterization versus digital’

On @CNBCYoungTurks Reloaded, Dua tells @ShereenBhan how that decision changed the economics of insurance.