Tag: JainMatrix Investments
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Hyper-Competition and its Effects
Several sectors in India are in a hyper-competition phase. Some examples are Telecom Operators, Passenger Airlines and Mobile Phone Hardware sectors. Investors need to stay away from firms in this phase. What is Hyper-competition? Let’s see some examples. Telecom: In Feb 2013, the Supreme Court cancelled 122 telecom licenses in India. By Sept 2018, 5.5…
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Spandana Sphoorty Financial IPO – A Spunky Player
Date 06th Aug; IPO Opens 5-7th Aug at Rs. 853-856 Valuations: P/E 17.6 times TTM, P/B 2.4 times (Post IPO) Mid Cap: Rs. 5,505 cr. Mkt cap Industry – NBFC MFI Advice: SUBSCRIBE Overview: Spandana is a rural focused NBFC-MFI with a geographically diversified presence in India. It offers income generation loans under the joint…
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Expectations and Thoughts on a New India – Post Elections Note
Date: 1st June 2019 Recent Events – Elections Last week we had an election result day and the 2019 central election came to a dramatic end. We welcome the second term of BJP and the National Democratic Alliance at the center. The 6 week long 7 phase election was an emotional, high decibel multimedia war…
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IndiGo – Spreading Wings but Oil Squeeze
Date: 09th May 2019 Industry – Airlines CMP: Rs 1,575 Large Cap of Rs 58,000 cr. mkt cap Overview: IndiGo is the market leader in Indian aviation with a low cost carrier model. It has a dominating domestic market share of 46.9%. The revenue and profit were Rs 23,967 crores and Rs 2,242 cr. resp. for FY18.…
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RVNL IPO – Railways’ Growth Engine
Industry – Railway Transportation PSU in PMC space Mid Cap of Rs. 4,000 crore IPO Opens 29th Mar – 03rd Apr 2019; Price range Rs. 17-19/share Valuations: P/E 6.9 times TTM; with a discount for Retail investors Advice: SUBSCRIBE for listing gains Summary Transportation Infrastructure is a crying need in India. With Airlines, Roads and…
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Market Outlook – Jan 2019
JainMatrix Investments takes a long hard look at 2018 and then builds the 2019 Outlook. What happened in 2018 – making sense of it CY2018 was a challenging year for investors. Many global equity indices gave negative returns, see Table 1. Table 1 – Global Equity Indices (click to enlarge) The Indian markets in 2018…
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The NBFC sector selloff – is it overdone?
In the last few weeks, shares of some NBFC/BFSI stocks have fallen between 15-60%. Here we try to find out the key causes, possible timelines and suggest next steps for investors. The recent developments in Indian Banking Financial Services and Insurance (BFSI) sector have created a fear of systemic risks – causing stocks in general,…
JainMatrix Investments 