Krishna Kant
Krishna Kant
Page 48 - Krishna Kant
LIC bets heavily on PSU stocks
Stake in private companies declines to 3.9% from 4.6% in Dec 2011 and rises in govt firms from 4.4% to 7%; says these are all entity-specific decisions, for the long term
 "LIC bets heavily on PSU stocks")
Indian stocks among the most expensive
HUL, UltraTech Cement, Asian Paints, L&T and HDFC Bank top global valuation charts
 "Indian stocks among the most expensive")
Early birds at variance with stock market highs
At 2.2%, firms' net profit growth in Oct-Dec slowest in eight quarters, sales expansion down 4.4%
 "Early birds at variance with stock market highs")
Indian cos repayments to rise on Swiss franc loans
Most of Indian companies, banks have taken adequate cover
 "Indian cos repayments to rise on Swiss franc loans")
 "Quarterly profits: TCS pips RIL")
Merger of Vedanta companies will create a global giant
Possible amalgamation of group company Sesa Sterlite with Cairn India and Hindustan Zinc will create a $28-billion global colossus but raise much complexity for retail investors
 "Merger of Vedanta companies will create a global giant")
Crude and Sensex move together
Historically, there is a 93 per cent positive correlation between Sensex and global crude oil prices
 "Crude and Sensex move together")
 "40 years ago... And now: ACC: From a leader to first among equals")
 "Stay invested but hedge your bets")
PSUs sitting on Rs 2 lakh-crore cash
In contrast, pvt sector had Rs 4.6 lakh-cr cash in FY14
 "PSUs sitting on Rs 2 lakh-crore cash")
India Inc's growing disconnect between profits and dividends
Some big companies such as Infosys hoard cash and others borrow to keep up payments to shareholders
 "India Inc's growing disconnect between profits and dividends")
Don't overreact to Sensex movements
The basic reason is simple - a benchmark index does not represent anything other than the stocks in it. Read on to know what this means
 "Don't overreact to Sensex movements")
JSW Steel catching up fast with Tata Steel
Earlier scale advantage over JSW shrinks with slower capex in India and poor volume growth and other headaches in Europe
 "JSW Steel catching up fast with Tata Steel")
India Inc more transparent than global counterparts
Stringent disclosure norms in India force companies to share greater financial and operational information
 "India Inc more transparent than global counterparts")
India Inc high on profit, low on sales growth in second quarter
Profit growth fastest in 3 years; sales growth slowest in 5 quarters
 "India Inc high on profit, low on sales growth in second quarter")
FII stake at 10-year high, but valuations lag 2008 peak
With mutual funds, promoters turning net-buyers, foreign investors may have to bid up prices to raise holdings
 "FII stake at 10-year high, but valuations lag 2008 peak")
Auto the best way to play urban growth: Manish Kumar
Interview with Executive Vice-President & CIO, ICICI Prudential Life Insurance
 "Auto the best way to play urban growth: Manish Kumar")
BSNL, MTNL manage to become irrelevant
They had the entire field to themselves when the telecom revolution began, with private sector entry, but didn't adapt to the qualities need to stay on top
 "BSNL, MTNL manage to become irrelevant")
FIIs lead, others follow
After a brief pause they increased stakes in top companies in the September quarter, taking markets to a new high
 "FIIs lead, others follow")
 "Betting on recovery in domestic demand: Pankaj Murarka")