Passive institutional in-flows drive large-cap outperformance
April 2019 | Size - 361 kb |
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India isn’t as closely tied to global cooling but broad valuations remain a headwind
January 2019 | Size - 361 kb | Download PDFStocks continue their re-alignment from disconnected valuations
October 2018 | Size - 355 kb | Download PDFAs earnings-valuation disconnects correct, unraveling gets overdone in select pockets
July 2018 | Size - 394 kb | Download PDFOur focus remains on idiosyncratic catalysts amidst elevated expectations elsewhere
April 2018 | Size - 389 kb | Download PDFJob losses in the informal economy threaten sanguine F2019 earnings expectations
January 2018 | Size - 974 kb | Download PDFHeavy retail influence continues to drive price disconnects
July 2017 | Size - 979 kb | Download PDFFrothy as it goes
April 2017 | Size - 998 kb | Download PDFEarnings expectations gradually drifting towards 'realizable' zone but 'on-sale' card not out yet
October, 2016 | Size - 998 kb | Download PDFBroad-based margin expansion isn’t always the same as aggregate expansion. The case for former is weak.
July, 2016 | Size - 790 kb | Download PDFFPI ownerships heavily influence 1Q selloff
April, 2016 | Size - 832 kb | Download PDFSteering 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 PDFIndian small-caps 2.0
April, 2015 | Size - 783 kb | Download PDFMultiple 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