Dalal Street Investment Journal Magazine - July 31, 2023

In this issue

COVER STORY Vol. 38 Issue No. 18

Q1FY24 Hits & Misses : Q1 Results at a Glance

After hitting a record high in the last quarter of FY23, compared with their poor showing in the previous two quarters of the financial year, the first quarter of FY24 has started on expected lines. India Inc.’s earnings for the quarter ended June 2023 are yet to cross the halfway mark and have largely remained as per market expectations with no major surprises.

MF - Cover Story

Embracing Stocks for Long-Term Growth

The Indian equity market has exhibited extraordinary steadiness amidst global volatility, setting it apart from its international counterparts. This resilience becomes evident when analysing the drawdown figures. It showcases the Indian equity market’s superior performance compared to several others in the period spanning the last two years until June 2023. Notably, the BSE Sensex, representing the Indian equity index, outshines its peers by experiencing a relatively limited maximum drawdown of only -16.85 per cent.

Optimism Sways The Market Mood

All sectoral indices, with the exception of BSE Power, managed to report gains over the last fortnight, reflecting optimism on the sectoral front as well

2 mins

MARATHON NEXTGEN REALTY LTD. STRUCTURING GOOD PROFITABILITY

The real estate sector comprises four sub-sectors, namely, housing, retail, hospitality and commercial. The growth of this sector is well complemented by the growth in the corporate environment and the demand for office space as well as urban and semi-urban accommodation. The real estate sector in India is expected to reach USD 1 trillion in market size by 2030, up from USD 200 billion in 2021, and contribute 13 per cent to the country’s GDP by 2025.

2 mins

GUJARAT PIPAVAV PORT SMOOTH SAILING ALL THE WAY

The Indian ports and shipping industry plays a vital role in sustaining growth in the country’s trade and commerce domain. India is the sixteenth-largest maritime country in the world with a coastline of 7,516.6 km. The country has 12 major ports and 200+ notified minor and intermediate ports. The National Perspective Plan for Sagarmala aims to develop six new mega ports. India’s key ports had a capacity of 1,598 million tonnes per annum (MTPA) in FY22. From April-October 2022, the key ports in India handled 446.50 million tonnes (MT) of cargo traffic.

2 mins

SUPREME INDUSTRIES PROFIT OUT OF PLASTIC

Supreme Industries, founded in 1942, is one of India's leading manufacturers of plastic products today. Given its dedication to sustainable production and the implementation of a variety of efforts to lessen environmental impact, the company's products have been favourably positioned in India and other countries

5 mins

Is It The Right Time To Go For Growth Stocks?

Investing in growth stocks involves identifying companies with exceptional growth potential and allocating capital in the hope of capitalising on their future success. While growth stocks have historically outperformed the broader market during bull runs, they can also be more volatile and subject to greater price fluctuations. Bhavya Rathod highlights whether it is the right time to go for growth stocks

8 mins

Q1FY24 Hits & Misses

After hitting a record high in the last quarter of FY23, compared with their poor showing in the previous two quarters of the financial year, the first quarter of FY24 has started on expected lines. India Inc.'s earnings for the quarter ended June 2023 are yet to cross the halfway mark and have largely remained as per market expectations with no major surprises

10 mins

Crude Oil & Gas: Oil Is Well!

Despite several challenges, the crude oil and gas industry has recorded a swift turnaround in the wake of the waning of the pandemic. Mandar Wagh explains how, being one of the country's eight core sectors, the government's focus and initiatives, as well as developments such as ethanol blend and use of alternative fuels, will determine the direction of the industry.

5 mins

Will The New ESM Framework Plug The Gaps?

In a bid to address the challenges posed by high volatility in the realm of 'micro-small' companies, SEBI introduced the Enhanced Surveillance Measure (ESM) framework, which is has now revised. The new framework is set to fortify market integrity and promote a more agile and transparent trading environment for the securities falling under this framework. Bhavya Rathod highlights how it will work and also the challenges it will pose for investors

8 mins

Jio Financials: Does the Demerger from Reliance Create Value?

Assessing the demerger of Jio Financials from Reliance, Chetan Shah notes its intricacy, with possible gains and risks in tow. As the value for shareholders remains uncertain, this strategic move is anticipated to exert a substantial influence on the Indian financial services landscape.

4 mins

Cautious Trading Approach Emerges in Commodity Market

Following the surge of optimism last week due to the prospects of a rate hike pause by the US Federal Reserve, the global commodity market adopted a slightly cautious approach amid mixed data and earnings results from the US.

2 mins

Economic Indicators To Dictate Global Equity Markets

Although the economic outlook is sending mixed signals regarding the near-term path, there are still reasons for investors to maintain optimism about the markets, even amidst a slowdown in growth.

2 mins

Embracing Stocks For Long-Term Growth

There are various reasons why investors are choosing stocks and not other financial investment avenues for long-term growth. The article highlights the domain of equity mutual funds to help understand this trend

10 mins

Funds For The Future

Retirement planning is a crucial aspect of ensuring a financially secure future. In India, where the population is witnessing a significant demographic shift, individuals must adopt strategic approaches to build a retirement corpus. The money you earn today may not be worth that much after a few years. The long-term inflation rate in India has varied over time. From historical data, the average inflation rate in India over the past few decades has been around 6-7 per cent. Simply put, in 10 years’ time you will require approximately Rs 17 lakhs to have the same purchasing power as Rs 10 lakhs has today. So, it is imperative that investors plan their retirement corpus accordingly and start putting together a retirement plan which is inflation-proof.

3 mins

Navigating Investment Avenues: Bonds Versus Debt Mutual Funds

Investing is a critical tool for building wealth and achieving financial goals. When it comes to fixed-income investments, two popular options that often arise are investing directly in bonds or opting for debt mutual funds. In this special report, Vardan Pandhare delves into both the options to explore the investment opportunities, growth and prospected returns

9 mins

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Dalal Street Investment Journal Magazine Description:

Thirty one-years old but conventional, Dalal Street Investment Journal (DSIJ), India’s No 1 equity research and capital investment magazine is published every fortnight to cater to the needs of its reader-investors. Armed with a set of chosen experts on markets and corporate India, the fortnightly magazine has its focus on stock market research and recommendations, capital market analysis, personal finance investment advice and also analysis of various economic activities in the country along with its impact on Indian share markets. This is the one and only complete resource guide for a wide loyal base of over 8 lakh HNI readers.