Ambit Capital

Between financial year 2013-14 (FY14) and FY24, domestic passenger traffic in India grew at a compound annual growth rate (CAGR) of 9.7 per cent,

Ambit Capital MD Rahul Mody cited investment infrastructure trusts, known as InvITs, as a type of vehicle that has attracted global funds

Analyst and money manager allegedly procured price-sensitive information from senior officials of Mannapuram Finance in 2013

'Globally, the biggest risk emerges from the continued tightening of liquidity by central banks, primarily US Fed which is on a retreat from its quantitative at a time when the US deficit is rising'

Here is a quick compilation Ambit's self-assessment of the last 12 months.

The benchmark Sensex gained 28% in 2017. So far this month, it has risen another 5%

Over 1991-2017, the median PE for the bottom-decile has increased from 13.6 PE in 1991 to 29.6 PE in 2017

Interview with Saurabh Mukherjea, chief executive officer, and Prashant Mittal, strategist, at Ambit Capital

Also got demonetisation impact assessment wrong, says its CEO, Saurabh Mukherjea

A study by Ambit Capital concludes that companies enjoying a political nexus seldom make handsome gains for investors.It says if a fund manager is mandated to deliver returns over a short time frame, staying away from politically-linked stocks is a sure way to boost risk-adjusted returns.Its P-75 index, a subset of BSE 500 stocks, conceptualised in 2009, comprises 75 companies whose core competitive advantage by its assessment is on account of 'political connectivity'. "We have repeatedly used the index as a barometer for how much those in power in the country want to help certain corporates," state Ritika Mankar Mukherjee and Aditi Singh, authors of the report.According to them, the P-75 index has severely underperformed the broader market across time horizons, whether a year, three years or five years. "The spread between median returns for the BSE 500 and P-75 index is widest for the one-year horizon, at 19 percentage points," their report adds.The other interesting point in the ...