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...

We had mentioned in last week’s closing report that Nifty, Sensex might be under pressure. The major indices of the Indian stock markets were range-bound during the week and closed with minor gains on Friday over last Friday’s close. The trends of the major indices in the course of the week’s...

The Securities and Exchange Board of India (SEBI) has commenced conduct hearings from Wednesday on the show-cause notices (SCNs) issued to a total of 25 entities and individuals in July 2018. There were two sets of SCNs issued. One related to the abuse of the tick-by-tick (TBT) system (eight...

In December 2018, Axis Bank and ICICI Bank were the most preferred stocks of Indian mutual funds. The net purchases of Axis Bank were Rs1,067 crore, of which ICICI Prudential Mutual Fund made net purchases worth Rs152 crore. Housing Development Finance Corporation and Maruti Suzuki India were...

Two weeks ago, I shared some general thoughts on multi-baggers, how hard it is to identify them, and promised to share my thoughts on what are some of the characteristics of multi-baggers—of course, with the benefit of hindsight. Here are some pointers that may help.    A ‘new’ idea...