Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

<ul><li>Growth outlook remains tilted to the downside.</li><li>Vulnerability to fiscal shortfalls and external financing is rising.</li><li>Policy rates are likely to remain under downward pressure as also the overvalued rupee</li></ul>

Growth outlook remains tilted to the downside.Vulnerability to fiscal shortfalls and external financing is rising.Policy rates are likely to remain under downward pressure as also the overvalued rupee

Information Technology Consultant

Ishita Jain

Thematic (Sector/Industry)

On Feb 13th, 2016, "Make in India" week was flagged off in Mumbai. 5000 delegates from 190 companies based in 60 countries participated in the event and it was nothing short of a carnival celebrating the prospects of a brighter future for India’s manufacturing industry. This was the first of many events planned for Narendra Modi's flagship Make in India campaign launched in 2014. The initiative hopes to attract capital and technological investment to India and make it the top destination globally for foreign direct investment. Make in India is an exciting venture. In the following insight, I have given an overview of the initiative and stated some of the good things and some of the gaps around it. I am going to present more analysis as I discover more in the coming few days. Look out for the forks!

On Feb 13th, 2016, "Make in India" week was flagged off in Mumbai. 5000 delegates from 190 companies based in 60 countries participated in the event and it was nothing short of a carnival celebrating the prospects of a brighter future for India’s manufacturing industry. This was the first of many events planned for Narendra Modi's flagship Make in India campaign launched in 2014. The initiative hopes to attract capital and technological investment to India and make it the top destination globally for foreign direct investment. Make in India is an exciting venture. In the following insight, I have given an overview of the initiative and stated some of the good things and some of the gaps around it. I am going to present more analysis as I discover more in the coming few days. Look out for the forks!

Global Healthcare Analyst

Tina Banerjee

Equity Capital Markets

<ul>
<li>Powerica has launched IPO to raise up to INR 11B. The company plans to sell 27.8M shares at between INR 375 - 395 per share.</li>
<li>Powerica is an integrated power solutions provider specializing in diesel generator sets, for both primary and standby applications. It also operates in wind power sector as an independent power producer.</li>
<li>Investors can subscribe to the issue considering the stable business model, strong brand association, expertise in power segment and strategic advantage in attaining long term sustained growth trajectory.</li>
</ul>


Powerica has launched IPO to raise up to INR 11B. The company plans to sell 27.8M shares at between INR 375 - 395 per share.
Powerica is an integrated power solutions provider specializing in diesel generator sets, for both primary and standby applications. It also operates in wind power sector as an independent power producer.
Investors can subscribe to the issue considering the stable business model, strong brand association, expertise in power segment and strategic advantage in attaining long term sustained growth trajectory.


Powerica IPO: Powering Ahead to Attain A Long Term Growth Trajectory

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Equity Bottom-Up

<ul>
<li>The ongoing Middle East conflict is causing uncertainty for Indian industrial companies, particularly in project execution, workforce safety, and logistics.</li>
<li>
Disruptions to maritime routes and airspace could delay projects, increase costs, and impact delivery schedules, affecting companies like L&amp;T, KECI, and KPIL. </li>
<li>The situation remains uncertain. Short-term challenges will depend on conflict duration, maritime disruptions, and freight costs, while long-term opportunities in the region persist.</li>
</ul>


The ongoing Middle East conflict is causing uncertainty for Indian industrial companies, particularly in project execution, workforce safety, and logistics.

Disruptions to maritime routes and airspace could delay projects, increase costs, and impact delivery schedules, affecting companies like L&amp;T, KECI, and KPIL. 
The situation remains uncertain. Short-term challenges will depend on conflict duration, maritime disruptions, and freight costs, while long-term opportunities in the region persist.


Larsen & Toubro: Assessing the Impact of Middle East Geopolitical Risks on Project Execution

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

Authum Investment & Infrastructure / Index Rebalance

Authum Investment & Infrastructure (AIIL IN)

<ul>
<li>With the review period now complete, there could be 15 changes for the NIFTY Midcap 150 Index at the March rebalance.</li>
<li>Estimated one-way turnover is 9.8% resulting in a round-trip trade of INR 26.5bn (US$290m). With over US$43bn tracking the index actively, the impact on the stocks will be much larger.</li>
<li>Removing the newly listed stocks and upward/downward migrations, the remaining potential inclusions have outperformed the potential deletions over the last 6 months. Near-term performance has suffered.</li>
</ul>


With the review period now complete, there could be 15 changes for the NIFTY Midcap 150 Index at the March rebalance.
Estimated one-way turnover is 9.8% resulting in a round-trip trade of INR 26.5bn (US$290m). With over US$43bn tracking the index actively, the impact on the stocks will be much larger.
Removing the newly listed stocks and upward/downward migrations, the remaining potential inclusions have outperformed the potential deletions over the last 6 months. Near-term performance has suffered.


NIFTY MIDCAP150 Index Rebalance Preview: 15 Potential Changes in March

India

Cummins India Limited manufactures internal combustion engines, including diesel, reciprocating piston, gas turbine and gasoline engines. The Company also manufactures generating sets and public transport-type passenger motor vehicles, including luxury coaches and air-field buses.  In addition, Cummins India Ltd. operates a computerized and fully-equipped research and development facility.

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Cummins India (KKC IN)

Marketnomix Country Insights - INDIA

Growth outlook remains tilted to the downside. Vulnerability to fiscal shortfalls and external financing is rising. Policy rates are likely to...

Rajan Govil

Make in India – A Leap of Faith

On Feb 13th, 2016, "Make in India" week was flagged off in Mumbai. 5000 delegates from 190 companies based in 60 countries participated in the...

Ishita Jain

Powerica IPO: Powering Ahead to Attain A Long Term Growth Trajectory

Powerica launches IPO to raise up to INR 11B, offering 27.8M shares at INR 375-395 each. Investors can subscribe for stable business model, strong...

Tina Banerjee

Larsen & Toubro: Assessing the Impact of Middle East Geopolitical Risks on Project Execution

Ongoing Middle East conflict causing uncertainty for Indian industrial companies, with disruptions to maritime routes and airspace potentially...

Sudarshan Bhandari

NIFTY MIDCAP150 Index Rebalance Preview: 15 Potential Changes in March

There could be 15 changes in March. Estimated one-way turnover is 9.8% and round-trip trade is INR 26.5bn. With over US$43bn tracking the index...

Brian Freitas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Marketnomix Country Insights - INDIA

Growth outlook remains tilted to the downside. Vulnerability to fiscal shortfalls and external financing is rising. Policy rates are likely to...

Rajan Govil

Make in India – A Leap of Faith

On Feb 13th, 2016, "Make in India" week was flagged off in Mumbai. 5000 delegates from 190 companies based in 60 countries participated in the...

Ishita Jain

Powerica IPO: Powering Ahead to Attain A Long Term Growth Trajectory

​Powerica launches IPO to raise up to INR 11B, offering 27.8M shares at INR 375-395 each. Investors can subscribe for stable business model, strong...

Tina Banerjee

Larsen & Toubro: Assessing the Impact of Middle East Geopolitical Risks on Project Execution

​Ongoing Middle East conflict causing uncertainty for Indian industrial companies, with disruptions to maritime routes and airspace potentially...

Sudarshan Bhandari

NIFTY MIDCAP150 Index Rebalance Preview: 15 Potential Changes in March

There could be 15 changes in March. Estimated one-way turnover is 9.8% and round-trip trade is INR 26.5bn. With over US$43bn tracking the index...

Brian Freitas

Powerica launches IPO to raise up to INR 11B, offering 27.8M shares at INR 375-395 each. Investors can subscribe for stable business model, strong...

Ongoing Middle East conflict causing uncertainty for Indian industrial companies, with disruptions to maritime routes and airspace potentially...