mutual-fund

SBI Mutual Fund increases stake in Equitas Holdings to 5.24%

by Paul Joseph May 21, 2016 Featured

Equitas Holdings Chennai-based Equitas Holdings is one of the 10 entities that received in-principle approval from the RBI in September 2015 to set up a small finance bank. The company has diversified operations in microfinance (MFI), vehicle finance (VF), micro/small enterprises (MSE) and housing finance (HF). The company made its stellar debut in the markets on the 21-April at Rs. 145.10/- and closed today at Rs. 147.75/- after an all-time high of Rs. 149.60/-. SBI Mutual Fund under its various schemes held 16,519,266 shares or 4.93% bought a small stake of 1,068,064 shares or 0.32% on 10-May-16, thereby bringing its overall holding to 17,587,330 shares or 5.24%. ( Click here to read about the earlier deal involving Goldman Sachs and MSD India Fund ) Here is the details holding under various schemes of SBI Mutual Fund: Disclaimer Nothing in this newsletter is financial advice and should not be construed as such.… (Read On…)

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Lal family reduce stake in Eicher to just below 51%, Cashing Out Rs. 2100 crores

by Paul Joseph May 21, 2016 Featured

Eicher Motors Incorporated in 1982, Eicher Motors Limited is the flagship company of the Eicher Group in India and a leading player of the Indian automobile industry. Eicher Motors Limited (EML) is the flagship company of the Eicher Group. EML is now a leading player in the Indian automotive space. It owns the iconic Royal Enfield motorcycle business, which leads the premium motorcycle segment in India. The oldest motorcycle company in continuous production world-wide, Royal Enfield has witnessed a huge surge in demand in the recent past, and is charting its course to be the leading player in the mid-size motorcycle segment globally. All the Mutual Fund houses (over 20 funds hold the stock) were in for a rude shock today when the share price fell over 4% in pre-market openings. The stock closed at Rs. 18,960/-. This was due to the promoter stake sale today. The Promoters of the company constituted by the Lal family owning over 54.88% of the paid up share capital as of 31-Mar-16, sold 1,140,846 equity shares representing 4.2% thereby brining their holding down to 13,762,184 shares or 50.68%.… (Read On…)

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Sun sets for SunEdison – Files for Bankruptcy

by Paul Joseph April 27, 2016 Featured

SunEdison has filed for bankruptcy under chapter 11 of bankruptcy protection last week. Though it has mentioned that its subsidiaries, called Yield Companies (explained later) TerraForm Power and TerraForm Global are not included, there is some systemic risk is associated with it. SunEdison listed $16.1 Billion as its liabilities and $20.7 Billion as its assets. What they do? Sun Edison is organised in four business segment: Renewable Energy development, Renewable Energy Operating Systems, TerraForm power and TerraForm Global. Renewable Energy development segment develops, constructs and finance solar and wind projects. This segment also manufactures and subcontracts silicon wafers and solar module assembly respectively. The renewable Energy operating systems operates power generation projects. TerraForm Power owns and operates clean power generation assets in developed countries TerraForm global performs the same functionalities as that of TerraForm Power but owns and operates the assets based in emerging markets. TerraForm Power and TerraForm Global are subsidiary “YieldCos”. … (Read On…)

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March 2016 Results – Axis Bank, Bharti Infratel, Mahindra Lifespace Developers, Maruti Suzuki India

by Paul Joseph April 26, 2016 Featured

Q4 Results are out! As the companies line up to disclose their performance report, we bring you a daily summary of the previous days results.  Here is a quick short summary of the 8 companies that came out with their results on 26-April-2016. Alembic Limited Axis Bank Bharti Infratel Mahindra Lifespace Developers Maruti Suzuki India Raymond State Bank of Travancore Tata Sponge Iron Ore Note: All values reported here are in crores except EPS and unless stated these are consolidated results Disclaimer Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion. … (Read On…)

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ABG Capital, LTR Focus Fund and Steadview Capital Mauritius exit V-Guard Industries

by Paul Joseph April 25, 2016 Featured

V-Guard Industries V-Guard Industries Ltd is a major electrical appliances manufacturer in India, and the largest in the state of Kerala. It manufactures voltage stabilizers, wiring cables, electric pumps, electric motors, geysers, solar water heaters, electric fans and UPSs. It was founded in 1977 by Kochouseph Chittilappilly as a small voltage stabilizer manufacturing unit. Kochouseph Chittilappilly also founded other establishments such as V Star, an Indian manufacturer of innerwear for men, women, and children, and Wonderla, a chain of amusement parks in South India. ABG Capital, LTR Focus Fund and Steadview Capital Mauritius exit V-Guard with a complete stake sale to DSP Blackrock Mutual Fund, India Midcap Mauritius Limited, Kuwait Investment Authority and Government Pension Fund Global. Disclaimer Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind.… (Read On…)

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March 2016 Results – Mahindra & Mahindra Financial Services, R.S.Software and Sasken Communication

by Paul Joseph April 25, 2016 Featured

Q4 Results are out! As the companies line up to disclose their performance report, we bring you a daily summary of the results.  Here is a quick short summary of the 3 companies that came out with their results on 23-April-2016. M&M Financial Services R.S.Software Sasken Communication Note: All values reported here are in crores except EPS and unless stated these are consolidated results Disclaimer Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion. … (Read On…)

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CLSA sells stake in IDFC Limited to Yes Bank backed Platinum Investments

by Paul Joseph April 22, 2016 Featured

IDFC Limited – Results in 6 days (29-Apr-2016) IDFC was incorporated in 1997 with its registered office in Chennai. In 1998 the company registered with the Reserve Bank of India (RBI) as a non-banking financial company and in 1999 it formally became a Public Financial Institution. In April 2014, the Reserve Bank of India (RBI) granted an in-principle approval to IDFC Limited to set up a new bank in the private sector, as per the RBI Guidelines for Licensing of New Banks in the Private Sector. As per the RBI guidelines and conditions of in-principle approval, the structure of IDFC Group was revamped and the current structure of the IDFC Group – post Demerger is as under: CLSA (Credit Lyonnais Securities Asia) Global Markets which held 27,530,245 shares or 1.73% reduced its stake by selling 14,336,055 shares or 0.90% to Platinum Asia Fund . With this sale CLSAs stake is reduced to 13,194,190 shares or 0.83%.… (Read On…)

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Indian Domestic Airlines Report Card for March 2016

by Paul Joseph April 21, 2016 Featured

We bring you the “Domestic Airlines Report Card for India” for the month of March, 2016. We take a look at the Number of Passengers carried, Market Share of Each Carrier, Passenger Load Factor and others. ( Here is the Report Card for February, 2016 ) Passengers Carried and Market Share The total number of passenger carried during the month of March, 2016 stood at 78.72 lakhs compared to 62.85 lakhs during the same month of the previous year. This resulted in a growth of +25.25% (YoY).   Indigo Airlines  – the market leader with +38.4% market share , carried  30.23 lakh passengers compared to 22.86 lakh passengers during the same month of the previous year, resulting in a growth of +32.2%. Passenger Load Factor Passenger load factor, or load factor, measures the capacity utilization of public transport services. It is generally used to assess how efficiently a transport provider “fills seats” and generates fare revenue.… (Read On…)

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Mitsubishi: Rigs Fuel Efficiency Tests

by Paul Joseph April 21, 2016 Featured

When the world was still digesting the Volkswagen emission scandal, the sixth biggest auto giant of Japan, Mitsubishi Motors is hit by a fuel efficiency scandal. Mitsubishi motors have admitted of rigging fuel efficiency tests in violations of Japanese law . Mitsubishi manufactures light passenger cars DayZ and DayZ Roox model vehicle for Nissan.The problems were pointed out by the Nissan, when it encountered discrepancy in the fuel efficiency data. Mitsubishi ordered an internal enquiry and found the tire pressure data was manipulated to achieve higher fuel efficiency. It was also noted that the fuel efficiency test used were not in accordance with Japanese law. According to the  NHK (local public broadcaster in Japan) out of the 6,25,000 vehicles affected 1,57,000 units of its own brand eK Wagon and eK Space  and the rest 4,68,000 vehicles of Nissan DayZ and DayZ Roox model . All the vehicles are below 660 cc petrol engines, which are mainly hit in Japanese market but have seen lesser exports. … (Read On…)

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[Premium] An Interesting Position for India in the World Sugar Industry : Part 2

by Paul Joseph April 21, 2016 Featured

This post is a continuation of the previous post titled “ An Interesting Position for India in the World Sugar Industry “. The Indian Sugar industry is currently riding high with decreased production and increased prices. A similar scenario emerged during 2008 to 2010. The sugar industry being cyclical in nature encounters such scenario for every five years. Let’s see if we can derive some comparison with the last cycle. To do the comparison first lets understand the sugar cycle. 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 ! We will soon add more Sugar stocks to our Long/Medium term portfolios. The idea is to spread investments across these stocks, instead of only buying one. Disclaimer Nothing in this newsletter is financial advice and should not be construed as such.… (Read On…)

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