Is there Really a Bubble in Quality Stocks? – I
There is a lot of chatter in the market these days about ‘quality bubble’. It is easy to see where this is coming from. Hindustan Unilever is quoting at a P/E (price-to-earnings) ratio of 70, while Nestle’s P/E is 83 and that of Procter & Gamble (P&G) is 92. These are extreme valuation levels. Those who have been around during the dotcom bubble of 2000 would recall similar sky-high...
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  • Moneylife Stockgraders
    Guidelines 
     
    1. The Grader captures the first two of the three intrinsic factors that drive a stock: valuation, returns and growth. Since growth is volatile and difficult to capture through a metric, we have used only the first two factors. In place of growth, we have provided long-term price trend.
     
    2. In this system, A is a higher rank than B and so on. Since, in...
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  • Nifty, Sensex Uptrend Intact – Thursday closing report
    We had mentioned in Wednesday’s closing report that Nifty, Sensex’ up move continues. The major indices opened high and ended with minor gains. 
     
    On the NSE, there were 943 advances, 845 declines and 358 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
     
     
    Qatar Airways Group Chief Executive Akbar Al Baker said the Doha-based airline is interested in investing in IndiGo, but will wait till the time the issues between the budget carrier's promoters are resolved. Qatar Airways currently has no plans to participate in Air India's upcoming divestment process.
     
    Snowman Logistics clarified to the stock exchange that it cannot comment on any options being explored by any of its shareholders to divest their shares. The clarification came after media reports said that Adani Ports and Special Economic Zone's logistics subsidiary was in advanced talks to buy the company.
     
    Adani Transmission reported increase in revenues of 80% year-on-year for the quarter ended September 2019 to Rs2,638 crore. Net profits increased 157% y-o-y to Rs230 crore.
     
    UPL reported increase in revenues of 83% year-on-year for the quarter ended September 2019 to Rs7,841 crore. Net profits slumped by 67% y-o-y to Rs89 crore.
     
    Eris Lifesciences reported increase in revenues of 7% year-on-year for the quarter ended September 2019 to Rs290 crore. Net profits increase by 9% y-o-y to Rs93 crore.
     
    Solar Industries India reported decrease in revenues of 2% year-on-year for the quarter ended September 2019 to Rs513 crore. Net profits increased by 62% y-o-y to Rs84 crore.
     
    Hero MotoCorp has launched India's first BS-VI compliant motorcycle - the new Splendor iSmart. The Splendor iSmart is being launched in the market within a few months of Hero MotoCorp becoming the first two-wheeler manufacturer in the country to receive the BS-VI certificate from iCAT.
     
    PNB Housing Finance has raised Rs2,500 crore through the issue of secured redeemable nonconvertible debentures (NCDs). This issuance is through private placement basis with a door to door tenure of 10 years and the proceeds will be utilised by the company for its normal course of business operations.
     
    NTPC Ltd has announced that the Unit-1 of 660 MW of Tanda Super Thermal Power Station, stage-II (2 x 660 MW) has been declared on commercial operation with effect from 7 November 2019. With this, the commercial capacity of Tanda Super Thermal Power Station, NTPC and NTPC group has become 1100 MW, 47985 MW and 56446 MW respectively.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
     
    The closing values of the major Asian indices are given in the table below:
     
     
     
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