Hello Hitesh sir,
We know you don’t follow macro very much but still wanted your perspective on the overall picture.

If we look at real estate it has become too expensive. Rents and home prices are going through the roof in every big city. A family with two incomes want to have only one child. People with stable jobs feel they can’t afford a second kid. There is hardly any hiring in the IT sector. There is a slowdown in the overall job market as well.

Most of the small and midcap stocks have become overvalued.
Somehow (I feel) FED doesn’t have any incentive to decrease rates that can fuel further rally.

But the market keeps on increasing. Wanted to know your thoughts on this conflicting situation.

Ramkrishna Forging weekly chart
The upmove has resumed after 8-9 weeks of consolidation

I don’t think the war affected the bromine supply from Israel. Very limited operational issues arised which according to reports on FT seem to be in the past. An increased complication in the war could lead to Supply chain issues but for now it seems to be an non event.

I bought NSE from Nuvama (Edelweiss). 25% upfront payment and balance after 2 months. But shares got credited 7 months after initial payment. Entire payment done to Nuvama.

This week bought Polymatech @732 (dont know if the price is right but PE is ~27). Shares got credited to account in 2 days post 100% payment.

NSE there was lot of formality to be completed as the deal was through Nuvama but some contracts were directly with NSE – so dont think there is any lock in period in this.

Six months lock in post listing in Polymatech.

For any business to be done with government, tender is must. Tenders must be happening even today and price competition would be fierce. Entry of big players like Siemens can make things more competitive but I think there is enough place and opportunities for all the players given the size of rail network we have. Let’s see how does it play out.