ITC has underperformed despite positive sentiment. Is the market right in punishing the stock?
This article first appeared on ET Prime here Since 2014, the ITC stock has been a laggard and its RoE is falling. But things are changing post the company’s huge investment in non-tobacco category. There is a renewed investor interest... Read More →
Block by block: How asset allocation can help manoeuvre market volatility and save the heartburn
This post first appeared here in Economic Times on 31st March 2021. Financial advisors can now use new-age investment avenues, just like LEGO blocks, to create solutions to match goalposts through asset allocation. They can finally move beyond equities and... Read More →
Factor Investor Report – March 2021
Editor’s note This month there is a lot of activity in the stock and sector rankings. Cyclicals are entering the list and most deep value stocks are entering the momentum screen. An article on Smart Beta and some interesting recommendations... Read More →
Quality portfolio with long-term returns
How a low-cost Coffee Can helps investors This article first appeared on ET Prime and the original link is here The CCP is a portfolio of high-quality stocks with high RoE and strong fundamentals. But many a times, it comes... Read More →
Vaccine and the wisdom of crowds : How stock markets picked the pharma winners from vaccine contenders
This article first appeared in the Economic Times on 14th Dec 2020. WebLink PdfLink The markets can price stocks much before the official information, based on the wisdom of crowds. The markets seem to be able to price stocks much... Read More →
Dalal Street Rules 2018-2019
Dil hai to phir dard hoga, Dard hai to dil bhi hoga. Mausam guzarte rehte hai – ‘Dil Se’ The above extract from a famous bollywood song were Ajay Kaul’s favorite. It showed the dual nature of life. If you... Read More →
Dalal Street Rules – Year 2017
Year 2017 – The gloom and doom pundits were in business in India. A famous fund manager said demonetization would result in the economy crashing albeit may be for few quarters but the effect would be as extreme as a... Read More →
Annual Investor Letter – 2019-20
Dear Investors, It would be an understatement to say that we live in unprecedented times. While we have seen our share of local epidemics like SARs, MERs, Swine Flu etc. a pandemic of this magnitude was last seen over a... Read More →
The Most Awaited Bear Is Here. But there is no reason to panic.
Dear Investors and friends, This last few weeks are perhaps the most volatile and fastest markets have been in post 2008. We have the distinction of seeing the fastest fall in stock market history ever. In 19 trading sessions most... Read More →
Dalal Street Rules – Years 2015 and 2016
Never send a human to do a machine’s job Agent Smith, The Matrix Aks capital was having the best of times. Ajay Kaul was meanwhile going through a experience which was causing him immense internal dissonance. It had been four... Read More →
