India isn’t as closely tied to global cooling but broad valuations remain a headwind

January 2019   |  Size - 361 kb  | Download PDF
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Stocks continue their re-alignment from disconnected valuations

October 2018  |  Size - 355 kb  | Download PDF

As earnings-valuation disconnects correct, unraveling gets overdone in select pockets

July 2018  |  Size - 394 kb  | Download PDF

Our focus remains on idiosyncratic catalysts amidst elevated expectations elsewhere

April 2018  |  Size - 389 kb  | Download PDF

Job losses in the informal economy threaten sanguine F2019 earnings expectations

January 2018  |  Size - 974 kb  | Download PDF

Skewed liquidity conceals signs of fatigue in midcaps

October, 2017  |  Size - 998 kb  | Download PDF

Heavy retail influence continues to drive price disconnects

July 2017  |  Size - 979 kb  | Download PDF

Frothy as it goes

April 2017  |  Size - 998 kb  | Download PDF

Batten down the hatches

January 2017  |  Size - 998 kb  | Download PDF

Earnings expectations gradually drifting towards 'realizable' zone but 'on-sale' card not out yet

October, 2016  |  Size - 998 kb  | Download PDF

Broad-based margin expansion isn’t always the same as aggregate expansion. The case for former is weak.

July, 2016  |  Size - 790 kb  | Download PDF

FPI ownerships heavily influence 1Q selloff

April, 2016  |  Size - 832 kb  | Download PDF

Steering clear of the 'basket prognosis'

January, 2016  |  Size - 891 kb  | Download PDF

Estimates continue to drift lower; material room for operating leverage to kick in

October, 2015  |  Size - 694 kb  | Download PDF

Institutional selling within large-caps keeps attention away from earnings volatility elsewhere

July, 2015  |  Size - 831 kb  | Download PDF

Indian small-caps 2.0

April, 2015  |  Size - 783 kb  | Download PDF

Multiple expansion wouldn’t likely dictate superiority in 2015

January, 2015  |  Size - 834 kb  | Download PDF

India’s ‘invested’ leaders often trump their ‘entitled’ peers

October, 2014  |  Size - 845 kb  | Download PDF

When siphoning strikes

July, 2014  |  Size - 754 kb  | Download PDF

Fear to jubilation in 40 seconds

April, 2014  |  Size - 739 kb  | Download PDF

3-peat!

January, 2014  |  Size - 753 kb  | Download PDF