Dalal Street Investment Journal - September 25, 2023

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Cover Story: Equity: Bubble or Bull Market - Best and Worst Performers in Last Six Months

The Indian equity market has seen a remarkable surge in performance, particularly within the broader equity indices. Over the past six months, these indices have surged by over 30 per cent, significantly outpacing Nifty 50, which registered an increase of only 11.7 per cent during the same period. Investors are therefore rightly concerned about whether this is just a mere bubble that may soon be pricked. The report takes into consideration historical data to arrive at the truth

RAYMOND LTD. DRESSED IN ITS BEST

With festivals, wedding and other celebratory occasions returning to the pre-pandemic levels, there is a surge in the demand for ethnic and modern wear which places Raymond in its best space possible. What is also helping the company grow is its emphasis on launching new products and brands

5 mins

Retail Investors on The Rise

Indian retail investors have undergone significant transformation in recent years, marked by a structural shift. When combining both institutional and individual domestic investors, they now hold a larger share of stakes in comparison to foreign institutional investors. Bhavya Rathod elucidates how this surge in retail holdings has been fuelled by robust market performance

6 mins

Cellecor Gadgets' IPO Closes On September 20

Cellecor Gadgets, a consumer electronics brand, has announced its initial public offering (IPO) with bidding to open on September 15 and close on September 20 at a fixed price band of ₹87-92 per equity share.

2 mins

Manoj Vaibhav Gems 'N' Jewellers Looks To Consolidate Its Market Leadership

Manoj Vaibhav Gems ‘N’ Jewellers Limited is a leading regional jewellery brand in South India with a presence in the micro markets of Andhra Pradesh and Telangana with 13 showrooms across eight towns and two cities.

2 mins

Salasar Techno Engineering Ltd

Secures USD 9.40 Million (Rs 752.38 Million) EPC Contract from Energy Development Corporation Ltd.

2 mins

Equity: Bubble or Bull Market

The Indian equity market has seen a remarkable surge in performance, particularly within the broader equity indices. Over the past six months, these indices have surged by over 30 per cent, significantly outpacing Nifty 50, which registered an increase of only 11.7 per cent during the same period. Investors are therefore rightly concerned about whether this is just a mere bubble that may soon be pricked. The report takes into consideration historical data to arrive at the truth

10 mins

An Industry 'Engineered' For Growth

The engineering industry in India serves as a vital driver of economic development and industrial growth, contributing significantly to the GDP and exports. Mandar Wagh elaborates on how India's competitive advantages, the government's commitment to infrastructure and manufacturing sector, and heightened capital spending will synergistically foster industry growth

6 mins

NTPC inks MOU with Nayara Energy for green hydrogen production

NTPC Green Energy Limited (NGEL) a subsidiary of NTPC Limited, has joined forces with Nayara Energy to explore opportunities in the green hydrogen sector.

1 min

Bharat Electronics bags new orders worth ₹3,000 crore

Bharat Electronics Limited bagged an order from Cochin Shipyard Limited for the supply of various equipment consisting of Sensors, Weapon equipment, Fire Control systems and Communication equipment for six numbers of Next Generation Missile Vessels (NGMV), a class of anti-surface warfare corvettes for Indian Navy. The order is worth ₹2,118.57 crore.

1 min

DFC Board approves USD 4,25,00,000 for TP Solar, a subsidiary of Tata Power, for a 4.3 GW solar cell and module plant

The U.S. International Development Finance Corporation’s (DFC) Board of Directors approved the provision of up to USD 4,25,00,000 in financing in TP Solar Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL), for its upcoming greenfield 4.3 GW solar cell and module manufacturing plant at Tirunelveli district in Tamil Nadu, India. DFC is America’s development finance institution.

1 min

SJVN signs PPA with Bhakra Beas Management Board (BBMB)

SJVN Ltd informed that the company through its wholly owned subsidiary SJVN Green Energy Limited (SGEL) has signed PPA with Bhakra Beas Management Board (BBMB) for 18 MW Solar Power. The project will be developed on the land parcels of BBMB in the states of Himachal Pradesh & Punjab.

1 min

Mazagon Dock Shipbuilders signs master ship repair agreement with US Government

Mazagon Dock Shipbuilders announces that the company has signed a Master Ship Repair Agreement (MSRA) with the US Government represented by NAVSUP Fleet Logistics Center (FLC) Yokosuka.

1 min

Pheonix Mills opens one of the largest mall at Wakad, Pune

The Phoenix Mills Limited (PML), India’s leading destination retail mall developer and operator, has opened the gates to its second mall in Pune, “Phoenix Mall of the Millennium”.

1 min

Monetary Policy Decisions to Dominate Commodity Market Sentiments

Commodity markets witnessed a boost, partly attributable to Chinese regulators intensifying efforts to stimulate domestic consumption. However, persistent inflationary pressures in the United States tempered gains in other sectors.

2 mins

Economic Data Spurts Volatility In Global Equities

Economic data from the US didn’t seem to affect the outlook for the Federal Reserve to hold rates steady at its September policy meeting. Much of the data appeared to support the expectations for a soft landing plan in which inflation lowers to the Fed’s target without a serious recession.

2 mins

Are Pharma & IT Funds Back In The Green?

While the period following the pandemic turned challenging for the pharmaceutical and information technology sectors, events in recent times have shaped out to be tailwinds for both these sectors and the mutual funds that invest in such sectoral themes. The following article highlights the reasons why these sectors may be back in favour among investors while also taking note of the red flags that need to be taken into account

8 mins

Navigating All-Time Highs

Financial Planning by R Venkatesh Founder & Director, Gururam Financial Services Pvt Ltd.

3 mins

Let Your Goals Be The Priority

Equity is an asset class that helps you earn positive real rate of return over time, provided you invest in line with your asset allocation as well as time horizon and invest in a disciplined manner

3 mins

Investment Avenue: Is It Worth Considering The ESG Theme?

In a global landscape dominated by critical issues like climate change, social inequalities, the transition to green energy and the focus on corporate governance, the environmental, social and governance (ESG) theme has emerged as a central element in investment decision-making. However, given the relatively modest activity in terms of fund launches and the returns generated, the question that arises is are ESG funds a worthwhile consideration? Vardan Pandhare delves deep into this topic

7 mins

Investors Should Enter Debt Funds

Interview by Marzban Irani regarding Debt Funds

2 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.