Eicher Motors Limited (EML) is the flagship company of the Eicher Group which produced India’s first agricultural tractor in 1959. Eicher Motors owns the iconic Royal Enfield motorcycle business, which leads the premium motorcycle segment in India. Eicher Motors currently has 2 JV’s.  – JV with the Volvo group i.e. VE Commercial Vehicles Limited – designs, manufactures and markets reliable, fuel-efficient trucks and buses.  – JV with US based Polaris Industries i.e. Eicher Polaris Private Limited – manufacturer of the Multix – a new 3-in-1 off-road vehicle. Siddhartha Lal led Eicher Motors Limited announced their results for Q4-2015 and twelve months ended December 31, 2015. [The current financial year of the Company commenced on January 1, 2015 and will end on March 31, 2016, being for a period of fifteen (15) months] This is how they stood: Our Notes: 45% growth in Total Income from Operations  i.e. Rs. 1,021.79 cr.  48% increase in Cost of Materials consumed i.e. … (Read On…)

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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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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 . Crompton Greaves Crompton Greaves is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution based in Mumbai. It is part of Avantha Group. The company is organized into three business groups, viz., power systems, industrial systems and consumer products. Nearly two-thirds of its turnover accrues from product lines in which it enjoys a leadership position. … (Read On…)

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To understand the scale at which China has dominated the steel business, here’s a recent comparison of their steel production with the next 10 countries on the list: (source: http://worldsteel.org ) China makes more steel than the next 10 countries, combined: Why are steel prices low? It started in 2014, in October, during the Crude price crash. The ruble fell to half its value (went to 80 to the Dollar, from 40) and Russia is a big steel producer (70 million tons). They cut the prices by half! To follow, South Korea and Japan made massive cuts too – and look how big they are (Japan makes over 100 million tons and South Korea about 70 million tons). China had to follow, because Chinese local domestic use has crashed due to the slowdown. With production of 803 tons in 2015 that is 8x the second highest player (Japan) and more than the next 10 countries combined, which manufactured just 566 tons.… (Read On…)

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Let’s start with the obvious question: What are ‘ Delivery Volumes ‘ and ‘ Traded Volumes ‘? Every stock that is listed on the exchange, will have 2 indicators based on volumes: The Total Traded Volumes (TTV), and the Delivery Traded Volumes (DTV). While TTV refers to the actual interest in the stock for that day, DTV refers to those trades that were not meant for intra-day, i.e. it actually leads to the investor taking ‘delivery’ of the stock into his/her DEMAT account. 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.… (Read On…)

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Today Vidya Krishnan of the Hindu decided to write a story. This was a story that apparently caused some random panic among stocks of the pharma variety because OMG THE US GOVERNMENT HAS BANNED INDIAN API IMPORTS!  The article started out like this: In a move that will further inflate prices of drugs in the United States — already a burning issue in the current presidential campaign — the U.S. government has made it mandatory for Active Pharmaceutical Ingredients (APIs) to be manufactured locally . At present, nearly 80 per cent of drug raw material requirement is met by India or China. You see why the market has panicked on seeing such a headline? My goodness if all API imports are banned, then that’s pretty much where all Indian pharma companies will die. Vidya Krishnan later defended this article saying it was only about US Government Procurement of drugs, which is a much smaller market, and that it was still a story because hey Nirmala Sitharaman (India’s commerce minister) was ready to take this to a bilateral talk.… (Read On…)

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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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The Slack Discussions The Slack group at Capital Mind Premium has been extremely active and if you haven’t been there, pop us a note by replying to this email. (If you’re a trial member this probably sound like Greek to you; it will be available when you sign up!) A brief summary of some of the interesting things discussed there in the last few days: #general: Transfer-posting Raj ends How the PMO dismantled the sleazy nexus of power, cash and influence at the heart of the Delhi Durbar. #general: Sell everything ahead of stock market crash, say RBS economist Royal Bank of Scotland warns of ‘cataclysmic’ year with slumps in shares and oil and advises clients to shift to bonds. #general: SBI, Axis Bank wallet apps hacked to siphon off crores City’s cyber-crime police attached to the Criminal Investigation Department (CID) have arrested seven persons including a deputy manager with Axis bank’s Peddapalli branch (Kareemnagar, Telangana) for allegedly hacking the wallet apps of Axis Bank (LIME) and State Bank of India (Buddy) .… (Read On…)

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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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The Slack Discussions The Slack group at Capital Mind Premium has been extremely active and if you haven’t been there, pop us a note by replying to this email. (If you’re a trial member this probably sound like Greek to you; it will be available when you sign up!) A brief summary of some of the interesting things discussed there in the last few days: #general: Modi’s Year of Possibility More than most world leaders, Indian Prime Minister Narendra Modi must’ve cheered the end of 2015. The year was an annus horribilis for him, marred by policy paralysis, embarrassing electoral defeats and mounting doubts about how transformative his term will turn out to be. He has a chance to regain momentum in 2016, but only if he’s smarter and bolder about pushing his reform agenda. #general: Word of mouth sends demand soaring for Pulse candy In just six months, Pulse has posted Rs50 crore in sales and DS Group expects to cross Rs100 crore by March. … (Read On…)

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