Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Bottom-Up

Tata Investment Corporation / Equity Bottom-Up

Tata Investment Corporation (TATAINVE IN)

<ul>
<li>This insight details about the weekly changes in the holding company discount in India.</li>
<li>We track the reasons for change in the holdco discount if any and upcoming triggers for these companies.</li>
<li>While this note captures 4 holding companies, we intend to add more names in coming weeks.</li>
</ul>


This insight details about the weekly changes in the holding company discount in India.
We track the reasons for change in the holdco discount if any and upcoming triggers for these companies.
While this note captures 4 holding companies, we intend to add more names in coming weeks.


HoldCo Weekly (24 Jul): Where's the Discount?

Global Healthcare Analyst

Tina Banerjee

Equity Capital Markets

<ul>
<li>INDO-MIM Ltd launched India IPO to raise nearly INR 38.1B. They provide end-to-end solutions for the manufacture of precision engineering components using metal injection molding (MIM) technology.</li>
<li>Company intends to use the proceeds for repayment/ prepayment, in full or part, of all or certain outstanding borrowings and for working capital purpose.</li>
<li>Diversified product portfolio, strong customer base, technological prowess and geographical reach make the INDO-MIM offering attractive.</li>
</ul>


INDO-MIM Ltd launched India IPO to raise nearly INR 38.1B. They provide end-to-end solutions for the manufacture of precision engineering components using metal injection molding (MIM) technology.
Company intends to use the proceeds for repayment/ prepayment, in full or part, of all or certain outstanding borrowings and for working capital purpose.
Diversified product portfolio, strong customer base, technological prowess and geographical reach make the INDO-MIM offering attractive.


INDO-MIM Ltd IPO: Product Portfolio, Customer Base, Market Reach Moulds It Right For Investors

<ul>
<li>In this insight we discuss why <a href="https://www.smartkarma.com/entities/kalyani-investment-co-ltd" target="_blank" data-smartkarma-citation="entities:6128:1" rel="noopener">Kalyani Investment (KALY IN)</a> has among the highest holding company discounts in India.</li>
<li>What are the key problem areas with the company which makes minority investors unhappy about the company.</li>
<li>Finally, we present the long term holdco discount range and present our conclusion.</li>
</ul>


In this insight we discuss why Kalyani Investment (KALY IN) has among the highest holding company discounts in India.
What are the key problem areas with the company which makes minority investors unhappy about the company.
Finally, we present the long term holdco discount range and present our conclusion.


HoldCo Series: Kalyani Investment Company Ltd - What Not to Do as a HoldCo

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

GigaDevice Semiconductor  / Technical Analysis

Market dynamics remain largely positive which continues to support our constructive outlook, and we view recent weakness as a buying opportunity. Below we highlight notable recent developments and actionable stocks within the Technology, Financials, and Materials Sectors.

Market dynamics remain largely positive which continues to support our constructive outlook, and we view recent weakness as a buying opportunity. Below we highlight notable recent developments and actionable stocks within the Technology, Financials, and Materials Sectors.

China Technology Sector Improving -- Add Exposure

Shanghai Shenzhen CSI 300 Index / Technical Analysis

Shanghai Shenzhen CSI 300 Index (SHSZ300 INDEX EQUITY)

Global equities (MSCI ACWI, ACWI ex-US, and EAFE) remain bullish with their uptrends intact, and the MSCI Emerging Markets index continues to hold above major support at $52 on the EEM-US. Additionally, Europe’s STOXX 50 and Hong Kong’s Hang Seng are on the cusp of short-term breakouts, while the major indexes in China (Shanghai Composite &amp; CSI 300) are currently breaking above short-term resistance... see chart below. Considering the absence of breakdowns and the fact that market dynamics remain largely positive, our overall constructive outlook remains appropriate.

Global equities (MSCI ACWI, ACWI ex-US, and EAFE) remain bullish with their uptrends intact, and the MSCI Emerging Markets index continues to hold above major support at $52 on the EEM-US. Additionally, Europe’s STOXX 50 and Hong Kong’s Hang Seng are on the cusp of short-term breakouts, while the major indexes in China (Shanghai Composite &amp; CSI 300) are currently breaking above short-term resistance... see chart below. Considering the absence of breakdowns and the fact that market dynamics remain largely positive, our overall constructive outlook remains appropriate.

Chinese Indexes Headed Higher; Actionable Themes: Transportation, Materials, and Services

India

Bharat Forge is an Indian multinational company and a global leader in manufacturing high-performance, safety-critical forged and machined components for the automotive, aerospace, defense, railways, and industrial equipment sectors. The company provides a wide range of products including crankshafts, connecting rods, chassis components, and powertrain solutions. Bharat Forge was founded on June 19, 1961, and is headquartered in Pune, Maharashtra, India.

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Bharat Forge (BHFC IN)

HoldCo Weekly (24 Jul): Where's the Discount?

This insight analyzes weekly changes in holding company discounts in India, tracking reasons for changes and upcoming triggers for select...

Sreemant Dudhoria

INDO-MIM Ltd IPO: Product Portfolio, Customer Base, Market Reach Moulds It Right For Investors

INDO-MIM Ltd launches India IPO to raise INR 38.1B for repayment of borrowings and working capital, showcasing leadership position, diverse...

Tina Banerjee

HoldCo Series: Kalyani Investment Company Ltd - What Not to Do as a HoldCo

Insight into why Kalyani Investment has one of the highest holding company discounts in India, exploring key problem areas for minority investors...

Sreemant Dudhoria

China Technology Sector Improving -- Add Exposure

Market dynamics remain largely positive which continues to support our constructive outlook, and we view recent weakness as a buying opportunity....

Vermilion Research

Chinese Indexes Headed Higher; Actionable Themes: Transportation, Materials, and Services

The evidence continues to suggest that value remains leadership and we recommend adding exposure to cyclical value on this minor pullback in the...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

HoldCo Weekly (24 Jul): Where's the Discount?

​This insight analyzes weekly changes in holding company discounts in India, tracking reasons for changes and upcoming triggers for select...

Sreemant Dudhoria

INDO-MIM Ltd IPO: Product Portfolio, Customer Base, Market Reach Moulds It Right For Investors

​INDO-MIM Ltd launches India IPO to raise INR 38.1B for repayment of borrowings and working capital, showcasing leadership position, diverse...

Tina Banerjee

HoldCo Series: Kalyani Investment Company Ltd - What Not to Do as a HoldCo

​Insight into why Kalyani Investment has one of the highest holding company discounts in India, exploring key problem areas for minority investors...

Sreemant Dudhoria

China Technology Sector Improving -- Add Exposure

Market dynamics remain largely positive which continues to support our constructive outlook, and we view recent weakness as a buying opportunity....

Vermilion Research

Chinese Indexes Headed Higher; Actionable Themes: Transportation, Materials, and Services

The evidence continues to suggest that value remains leadership and we recommend adding exposure to cyclical value on this minor pullback in the...

Vermilion Research

This insight analyzes weekly changes in holding company discounts in India, tracking reasons for changes and upcoming triggers for select...

INDO-MIM Ltd launches India IPO to raise INR 38.1B for repayment of borrowings and working capital, showcasing leadership position, diverse...

Insight into why Kalyani Investment has one of the highest holding company discounts in India, exploring key problem areas for minority investors...