Unlike people who buy only 10-15 names because they think that God has whispered in their ears what to do, we normally own 30-35 names. We already have a mix of things, says Samir Arora, Founder & Fund Manager, Helios Capital. Excerpts from an interview with ETNOW. Are we in for a good year, a flat year or a scary year?All we know is that right now is not necessarily a good time. There are many events which in the short term have a negative overhang on the market and we should let some of these play out. Over and above the Iran situation, we have the Budget coming, which could be a big disappointment. We have telecom issues. We have funding issues. We have slow down issues. We have unrest issues, we have band issues and we have loss of confidence issues. So all these things will take time. You are saying that the Budget will be disappointing?Before the Iran situation arose, I thought Budget was the biggest negative in this market because the whole world is waiting for this … [Read more...] about Not every story can be sold on 3-5-year basis as investors may run out of patience: Samir Arora
20 year life insurance rates
Just 10 smart smallcap picks came to the rescue of Life Insurance Corporation of India (LIC), as their outperformance helped India’s largest institutional investor cap the downside in the portfolio as most of its holding bled profusely all through last one year. As of December 31, the insurance behemoth held 189 stocks with market capitalisations less than Rs 10,000 crore, in its portfolio. Several of them bled: Cox & Kings, Reliance Home Finance, Reliance Capital, Dewan Housing Finance, Reliance Communications, Ballarpur Industries and YES Bank all eroded 83-99 per cent of wealth, causing a major dent in LIC’s portfolio in last one year. But 44 of the smallcaps delivered solid returns, and thus helping do some damage control. Orissa Minerals Development Company (OMDC) was the top performer, rallying some 227 per cent from Rs 708.40 on February 15 last year to Rs 2,318 on February 17, 2020. The company recently reported a net loss of Rs 14.52 crore for December … [Read more...] about 10 smallcaps that rallied up to 227% to save LIC blushes in last 1 year
NEW DELHI: Nifty futures on the Singapore Exchange traded 127.50 points, or 1.06 per cent, higher at 12,146, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade: Max Financial Services, Axis Bank: India’s fourth-largest private sector lender in terms of market capitalisation, is set to acquire more than 20 per cent stake in Max Life Insurance through fresh issue of equity, multiple sources told ET. Simplex Infra: The Adani Group is in talks with promoters of Simplex Infrastructures to take equity exposure in the latter through a fresh share sale. A couple of private equity investors have also expressed interest in Simplex Infra. Vodafone Idea: On the derivatives counter, the open interest (OI) of the February futures contract rose by almost 8 per cent as the stock price jumped 40 per cent on Wednesday, indicating creation of fresh bullish bets. Meanwhile, Brickwork Ratings downgraded its rating on Vodafone … [Read more...] about Stocks in the news: Max Financial, Vodafone Idea, Simplex Infra, Axis Bank and Power Grid
Why is it a problem with some Conservatives?The idea has the backing of Johnson’s adviser Dominic Cummings, who is sympathetic to ideas for different forms of wealth taxes. But a decade on from a budget that was dominated by George Osborne’s gifts to older people in the form of extra tax breaks, tightening the tax net around more of the UK’s wealthy families would probably spark a backlash from core Tory constituencies. … [Read more...] about How will the Tories’ budget plans affect taxes?
'Until this new coronavirus was identified, there were only six different coronaviruses known to infect humans. Four of these cause a mild common cold-type illness, but since 2002 there has been the emergence of two new coronaviruses that can infect humans and result in more severe disease (Severe acute respiratory syndrome (SARS) and Middle East respiratory syndrome (MERS) coronaviruses). … [Read more...] about The Diamond Princess quarantine was ‘a joke’, says British honeymooner who blames the CREW for spreading virus to 600 people