#034 – Who’s waving the red cloth?

In a dramatic turn, last week the Indian equity markets had a sharp rise. Both the benchmark indices – Nifty and Bank Nifty closed at record high levels compared to the sideways trend that has been going on for quite a few months now.

From a sector perspective, Metals remained a little cautious compared to what we have seen in the past, but if one were to look at the China HRC prices, they have been on a massive upward trajectory with some cool-off happening in May.

April ’21 IPM (Indian Pharmaceuticals Market) also saw robust growth of ~51% in the secondary market data that was published with anti-infectives therapy area leading the pack for the growth.

Where do we see the markets headed?

This week’s technical views have been encapsulated here.

(If you’re a swing trader, you will enjoy reading our weekly swing trade newsletter. The latest edition published on 23rd May, ’21 is accessible here. To check a sample premium version, you can click here.)

WEBINAR UPDATES*

This week we did a deep dive on understanding how a Discounted Cash Flow model works.

We understood concepts like Free Cash Flow, Time Value of Money and most importantly what is the relevance of Cost of Capital.

Any DCF can give you any answer based on what you want the DCF to tell you.

It is subjective and can also be objective.

As Mark Twain once said,

Find out more about the deep dive here.

(*These are exclusive to members of The 0.01% club. Still on the free plan? Consider upgrading your membership today, here.)

TRANSPARENCY INITIATIVES

At Beta to Alpha, we have always strived to keep adding exponential value to whatever it is that we do. As a part of our Transparency Initiatives, we have disclosed our portfolio holdings and the price tracker of all the stocks we have covered in our webinars.

Find out more about these initiatives by upgrading your membership.

STOCK ROOM SUNDAY | EPISODE 10

Today we completed episode 10 of Stock Room Sunday.

This has to be the most special episode shot till date.

Why?

Well, we covered spaces all the way from auto ancillary, pharmaceuticals, realty, and I got a chance to discuss my new long term stock idea.

No points for guessing – It was Tips Industries!

This has been my favorite episode till date.

VIDEO OF THE WEEK

Two of the finest thought leaders discuss for an hour!

Could this video have been any better?

There is no point in picking sides. What one needs to realize is that the markets are so deep, that both style of investing can co-exist.

While Saurabh keeps talking about Asian Paints and Pidilite as his ‘Consistent Compounders’, he also has a ‘Little Champs’ portfolio which has delivered phenomenally on returns this year.

BOOK OF THE WEEK

This week, I once again go back to reading The Psychology of Money. In the interest of probably recommending it for the third time, maybe you and hopefully I, complete reading it this time.

SONG OF THE WEEK

As readers keep giving me more feedback to curate songs, here are two picks for the week. Both recommended by the very same ‘special reader’.

No points for guessing, one of them is from Saregama.

Wish to get instant access to all the deep dives?

Click here to upgrade.

Have an idea that you wish to discuss?

Click here to book a consultation call.

How useful was this post?

Click on a star to rate it!

Average rating 5 / 5. Vote count: 876

No votes so far! Be the first to rate this post.

Did you love reading this post? Share the love ahead.

About the author

Saket Mehrotra

Number cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan. An active follower of Sensex since 2009. CA, CS by profession.
Senior Associate - Equities at Tusk Investments. Ex - PMI, ITC.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *