Prashant vig

Fundamental Research and Valuation

[Prashant vig @VigPrashant]

@riteshmjn Aren't those data revised downwards later ?

[Prashant vig @VigPrashant]

@KobeissiLetter @riteshmjn Sir, have been following you and nobody breaksdown so well on macros.

You have said it before, one should watch if JPY is appreciating for the unwinding. How do you see the latest qtr UST dump.

Would like to understand more on this from you.

[Prashant vig @VigPrashant]

@guilleflorvs MCKINSEY

[Prashant vig @VigPrashant]

@AshishMeher7 @grok is it true ?

[Prashant vig @VigPrashant]

@abhymurarka Had done the same analysis sometime back

https://t.co/oVemphwoOf

[Neil Borate @ActusDei]

India's debt fund managers seem to be taking a big bet on rate cuts. Why? Read @PosteAnil's story.
Note for newbies:
1) Bond prices rise when rates fall
2) Long dated bonds (high duration) benefit most
3) Mutual Funds holding them also benefit
3) MF industry as a whole has gone long on duration
https://t.co/N0DT9zjIAJ

[Prashant vig @VigPrashant]

@abhymurarka What base you consider for the ratio in practice- COGS or Net Sales ?

High Gross margin business may distort ratio - if base isn't right ?

[Prashant vig @VigPrashant]

Be cautious on these levels, don't buy blindly on big moves and budget news

High valuations will adjust in no time

[Prashant vig @VigPrashant]

@abhymurarka Well put sir.

Same goes with MSCI rejig, Bond Index inclusion and what not.

Interestingly, these fairy tales are released in evenings for next day action, as if everyone will punch in orders at 9:15.

[Intrinsic Compounding @soicfinance]

GDP of tomorrow will be different vs GDP of today.

See what will drive incremental GDP growth below carefully

[Bhagavad Gita 𑁍 @GitaShlokas]

Jai Hanuman...❤️

[Prashant vig @VigPrashant]

Happy Holi !

[Rohan Das @rohaninvestor]

Don't invest blindly - use this framework to gauge the temperature and mood of the stock market:

[Prashant vig @VigPrashant]

@vivbajaj @Sanjay__Bakshi @Iamsamirarora @contrarianEPS @drprashantmish6 @safiranand #corporategoverance

[Prashant vig @VigPrashant]

@abhymurarka Will Bank's NIM expand after the rate cut due to lag in rate reset of loans ?

[ET Money @ETMONEY]

WHAT WAS THE CHANGE IN TAXATION?

From Apr 1, 2023, funds with less than 35% equity are taxed at your slab rate. (See image)

Result: Besides debt funds, the Conservative Hybrid category, too, became a casualty of this change in taxation.

[Prashant vig @VigPrashant]

@vivbajaj @ayushmitt @AnilSinghvi_ @varinder_bansal @BMTheEquityDesk

[Prashant vig @VigPrashant]

* Rate cuts and inflation coming down would be key trigger, as volume growth is not seen across FMCG space

@soicfinance @safiranand @vivbajaj @ayushmitt @AnilSinghvi_ @varinder_bansal @BMTheEquityDesk @_anujsinghal

3/3

[Prashant vig @VigPrashant]

Some developments and triggers ahead

* Company has been claiming to maintain 17-18% EBITDA margins ahead
* Product portfolio is changing with new launches and company is looking beyond non almond franchise
*Rural demand pickup expectations ahead

2/n

[Prashant vig @VigPrashant]

Some triggers here from

--JLR Sales are coming strong with chip shortage

--Tata EVs are penetrating in markets robustly with a leverage from Tata group companies

--Hyundai India is filing for IPO (Observe the timing here, a hint that Auto sector is in upcycle)

3/3

[Prashant vig @VigPrashant]

Implied market cap on P/E Ratio 15 comes at Rs 3.9 lac crs

Maruti trades at 26 PE ratio and Mahindra at 19

May be Passenger Vehicle company commands higher valuation but we can see Tata PV roll outs

2/n