Tag: wealth management

Hyundai Motor India IPO – This Time It’s Different

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  • Date: 15th Oct
  • IPO is open from 15-17th Oct, at ₹ 1,865-1,960/share
  • The IPO is the largest from India, to raise ₹ 27,870 cr.
  • Large Cap. with mkt cap ₹ 1,59,000 cr.
  • Sector: Automobile
  • Opinion: Buy with a 2-year perspective

Summary

Why Hyundai India: As the #2 company in Indian passenger vehicles, Hyundai Motor India has been popular for its attractive cars. Combining good riding with fair prices, it’s products have held up well against Maruti’s value offerings and the Indian, European and Japanese automobile firms. Capacity utilization is close to 100%, so the new plant in Pune by next year will be useful. The financials and balance sheet look healthy to support needed investments. HMI’s auto products have evolved in sync with Indian consumers, and we expect this to continue.

Why now in IPO: 1) This will be India’s largest IPO by value, aiming to raise about ₹ 28,000 cr. The next 7 largest IPOs suffered problems post IPO, but we believe This Time It’s Different, and it will succeed 2) HMI’s strong Indian presence and product excellence can help command a valuation superior to Maruti Suzuki 3) The success of recent IPOs suggests that the large size of this IPO is not an issue 4) The IPO will be Hyundai’s first stock market listing outside South Korea. It’s an opportunity.

Risks: 1) Increase in competitive intensity 2) GoI regulatory changes including taxes, pollution, etc. 3) raw material price inflation 4) any manufacturing or factory disruptions 5) sector or economic downturn 6) increase in royalty to Hyundai Motor Company, South Korea, and related party transaction pricing.

Opinion: Buy with a 2 year perspective

See report in PDF format

JainMatrix Investments_HMI IPO_Oct_2024Download

Disclaimers and Disclosures

  • Punit Jain discloses that he has no shareholding in HMI, or any group company as on date of report. In addition, JainMatrix Investments Bangalore (JMI) and its promoters/ employees have no direct or financial interest in these companies, and no known material conflict of interest as on date of publication of this report. But Punit Jain is the owner of a Hyundai i10 bought in 2013. And in line with his recommendation, he may apply in the IPO.
  • This document has been prepared by JMI, and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of JMI. This report should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, JMI has not independently verified the accuracy or completeness of the same. Neither JMI nor any of its affiliates, its directors or its employees accepts any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein.
  • Investment in the securities market are subject to market risks. Read all the related documents carefully before investing. The suitability or otherwise of any investments will depend upon the recipient’s particular circumstances and, in case of doubt, advice should be sought from a RIA Registered Investment Advisor.
  •  JMI has been an equity investment adviser commercially since Nov 2012, and a SEBI certified and registered since 2016, under SEBI (Research Analysts) Regulations. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the Research Analyst or provide any assurance of returns to investors.
  • Any questions should be directed to punit.jain@jainmatrix.com. Name of the RA as registered with SEBI – Punit Jain, SEBI Registration No. INH200002747. Logos / brand name –

JainMatrix Satellite Stocks Report Aug 2024

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26th Aug 2024

Subscribers and Investors,

JainMatrix Investments, a Research Analyst firm, is pleased to present its latest update of our Satellite Stocks Basket. Key points are

  • Introduction: It’s over 3 years since we introduced the Satellite stocks basket
  • This update report is dated 25th Aug, and the report covers 10 stocks
  • These firms are a mix of small, mid and large-cap firms
  • The objective of this basket is to look at shorter-term, high-potential ideas that must outperform the Mid and Small-cap indices by 2-3% per year
  • The Satellite stocks have performed excellently over the years
  • Recommendation Changes:
    • In our last report, we had 7 BUYs and 2 HOLDs
    • In this, we introduce a new BUY, and downgrade a HOLD and a BUY, to SELL
    • So we now have 7 BUYs and 1 HOLD as the final stocks recommendations
    • These 7 BUYs represent 4 high potential sectors, and are high performers within these sectors
  • Investing Trends: The trends we notice and capture in our report are:
    • Investor Optimism even at all time highs on Indices
    • More domestic focus rather than exports
    • Key themes are Consumption, Automobiles and Infrastructure
    • Several sectors are witnessing a cyclical upswing that should be sustained for several years.
  • Based on our research, this Satellite stocks report includes 1-2 page notes on all these stocks and 2-year Target Prices for May 2026.
  • Current subscribers may note the changes recommended.
  • Investors new to our service may sign up using PRICING AND PAYMENT OPTIONS link, to grow their Direct Equity portfolios.

Disclaimers

This document has been prepared by JainMatrix Investments Bangalore (JM), and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of JM. This report should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, JM has not independently verified the accuracy or completeness of the same. Neither JM nor any of its affiliates, its directors or its employees accepts any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Investment in the securities market are subject to market risks. Read all the related documents carefully before investing. The suitability or otherwise of any investments will depend upon the recipient’s particular circumstances and, in case of doubt, advice should be sought from a RIA Registered Investment Advisor. JMI has been an equity investment adviser commercially since Nov 2012, and a SEBI certified and registered since 2016, under SEBI (Research Analysts) Regulations. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the Research Analyst or provide any assurance of returns to investors. Any questions should be directed to punit.jain@jainmatrix.com. Name of the RA as registered with SEBI – Punit Jain, SEBI Registration No. INH200002747. Logo/brand names are –

Just received my updated SEBI-RA certificate

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I’m happy to announce that I have received my renewed Research Analyst certificate from SEBI. The first one was for 5 years, 2016-2021, and this one is open, with perpetual validity.

Thank you, current and past subscribers, and all followers of my website, for helping me over the years.

Sharing this, some sections are masked. But please reach out to me if you have any questions !!

PRICING AND PAYMENT OPTIONS

Regards, Punit Jain

Understanding the Sensex Surge among Global Economic Challenges

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A social media contact asked a question:

Good morning friends. I was reading the newspaper and saw the Sensex touching an all-time high of 80k. Can anyone help simplify, why is the market is so high when industries and companies are globally low on business, employees are getting laid off, and the job market is weak. Is this a bubble in waiting caused by FIIs?

My response and answer:

1) The Indian index mostly reflects the Indian economy and Indian companies. These are doing well. The Indian GDP is up smartly in the last 2-3 years, industrial policies are stable and encouraging, tax collections are improving, and infrastructure like transportation and electricity are getting better. The recovery from the Covid challenges of 2020 and 2021 has been good.
2) The ex-India global scenario is not so good. USA is recovering from Covid but has election uncertainty, Europe is flat, RoW is bit gloomy due to the two wars. In general, there is high inflation and interest rates. China is struggling with a tariff war with USA and internal policy and capital allocation issues.
3) This in fact makes India an attractive investment destination for global funds looking for good returns. It’s doing the best among the larger economies and is quite open to capital inflows through FPI and FIIs.
4) In India, Equity as an asset class is gaining importance and acceptance for wealth storage and growth – along with the traditional Real Estate. This is mainly due to digital access, ease of transactions and lower transaction costs. Even so, the current Equity penetration is still low, with about 15 crore demat accounts, and even among these investors, a low proportion of financial assets.

In our recent article, we had seen these signs – NIFTY VIX and NIFTY 50: Market Sentiment Post Elections

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DISCLAIMERS

This document has been prepared by JainMatrix Investments Bangalore (JMI), and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of JMI. This report should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, JM has not independently verified the accuracy or completeness of the same. Neither JM nor any of its affiliates, its directors or its employees accepts any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. The suitability or otherwise of any investments will depend upon the recipient’s particular circumstances and, in case of doubt, advice should be sought from a RIA Registered Investment Advisor. JMI has been an equity investment adviser commercially since Nov 2012, and a SEBI certified and registered since 2016, under SEBI (Research Analysts) Regulations. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the Research Analyst or provide any assurance of returns to investors. Any questions should be directed to punit.jain@jainmatrix.com. Name of the RA as registered with SEBI – Punit Jain, SEBI Registration No. INH200002747. Logo/brand names are –

JainMatrix Investments – Large Cap Report June 2024

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Subscribers and Investors,

JainMatrix Investments, a Research Analyst firm, is pleased to present its latest update of our LC stocks basket. Key points are

  • Introduction: It’s our 11th year of the Large Cap stocks basket
  • This update report is dated 21st June, and the report covers 11 stocks
  • All these firms are Blue Chip, well-known large-cap firms
  • The objective of this basket is that these stocks must outperform the Nifty / Sensex by 2-3% per year
  • The LC stocks have performed excellently over the years
  • Recommendation Changes:
    • In our last report, we had 7 BUYs and 3 HOLDs
    • In this, we introduce a new BUY, upgrade a HOLD to a BUY and downgrade a BUY to a SELL
    • So we now have 8 BUYs and 2 HOLDs as the final stocks recommendations
    • These 8 BUYs represent 8 highly rated sectors, and are high performers within these sectors
  • LC Trends: The trends we notice and capture in our report are:
    • Broad Optimism post General Elections
    • More domestic focus rather than exports
    • Consumption and infrastructure are the main themes.
    • Several sectors are witnessing a cyclical upswing that should be sustained for several years.
  • Based on our research, this detailed LC report includes 1-2 page notes on all these stocks and 2-year Target Prices for May 2026.
  • Current subscribers may note the changes recommended.
  • Investors new to our service may sign up using PRICING AND PAYMENT OPTIONS link, to grow their Direct Equity portfolios.

Disclaimers

This document has been prepared by JainMatrix Investments Bangalore (JM), and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of JM. This report should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, JM has not independently verified the accuracy or completeness of the same. Neither JM nor any of its affiliates, its directors or its employees accepts any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Investment in the securities market are subject to market risks. Read all the related documents carefully before investing. The suitability or otherwise of any investments will depend upon the recipient’s particular circumstances and, in case of doubt, advice should be sought from a RIA Registered Investment Advisor. JMI has been an equity investment adviser commercially since Nov 2012, and a SEBI certified and registered since 2016, under SEBI (Research Analysts) Regulations. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the Research Analyst or provide any assurance of returns to investors. Any questions should be directed to punit.jain@jainmatrix.com. Name of the RA as registered with SEBI – Punit Jain, SEBI Registration No. INH200002747. Logo/brand names are –

NIFTY VIX and NIFTY 50: Market Sentiment Post Elections

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The Indian General elections are done with, and we have the observations of the last month –

NIFTY VIX – is a ‘Volatility Index’, first introduced by the NSE in 2008. It is an Index representing expected annual volatility in Nifty50 over the next 30 days. It being a leading indicator simply reflects investors’ sentiment about the market.

NIFTY 50 – The NIFTY 50 is a benchmark Indian stock market index representing the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.

Follow JainMatrix Investments for more such updates.

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This Results season Looks Good

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Visit and like our insta handle to get updates https://www.instagram.com/jainmatrix_investments/

It’s as good a time as any to be a positive investor.

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