PSU stocks appear technically weak, with the BSE PSU index breaking below the 200-day moving average, indicating potential underperformance. Downside risks are noted in Coal India and Power Finance, with specific target levels for short selling and stop-losses highlighted by analysts from CLSA.
Microcap momentum portfolio (12-10-2024)
@shamithc Thank you for pointing out the error in the sheet. I have corrected it.
This activity has to be done manually by keeping an eye out for such news of split, bonus etc.
This has not affected our rankings thankfully.
How South Korea’s Dogs Became Members of the Family (12-10-2024)
They have become pampered family members in South Korea, which has the world’s lowest birthrate and where much of the population lives alone.
Private Life insurers outshine LIC in September (12-10-2024)
India’s life insurance sector experienced a 14% year-on-year growth in new premium collections last month. Private insurers saw a 16% increase, outpacing LIC’s 12% rise. Among private players, ICICI Prudential Life and Max Life recorded notable growth. This comes amid regulatory changes in surrender charges and increased interest in unit-linked insurance plans.
China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks (12-10-2024)
The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much.
Indian bonds show neutral to marginally attractive valuation compared to equity amid rate-cut cycle: SBI Mutual Fund (12-10-2024)
The report added that a notable rally in bond yields was observed following India’s inclusion in the FTSE Emerging Markets Global Bond Index, along with a change in policy stance
Hyundai Motor India Limited – HMIL (12-10-2024)
Hyundai IPO valued more than Maruti & Mahindra & Mahindra
Given a choice I would rather put my bucks in Mahindra and Maruti rather than subscribing to IPO of Hyundai.
(1) Maruti enjoys market leadership position for last 40 years. Today even with so many players including many MNC’s brands, Still Maruti enjoys 41% Market share. ( Hyundai just 14%).
Maruti’s wide product range with leadership position in growing CNG and SUV market.( CNG volumes now stands at 40% of its total volume)…
Maruti and Toyota produce Hybrids which also enjoys leadership position. Maruti did not prioritise EV introduction strategically. But now they have EV in pipelines.
Even on EV, Tata motors leading with 60% market share.
Hyundai is no where in EV and they have just started CNG aiming to produce only 12% of its volume where Maruti has already reached 40% of its total volume.
(2) (a) Mahindra & Mahindra is putting up a heavy competition with Maruti with respect to the growing SUV market.
M&M, which has Ten SUVs well accepted by the market (Bolero, Bolero Neo, Scorpio, Scorpio N, Scorpio Classic, Thar, XUV3XO, XUV400 XUV700, New Thar Roxx), is extremely well placed to capitalise on the surging demand of SUV.
(b) It also has a Well designed and matured EV program and CNG program.
(c) Apart from its SUV’s, it has a market leadership position in Small / light commercial vehicle which is growing faster than heavy CV.
(d) It has market leadership position in its 3 wheeler EV / CNG
(e) it is the market leader in tractor segment with 42% market share.
(f) In sept 2024, it is the only Auto company which has shown growth in numbers.
(g) Mahindra is perhaps is the only Indian Auto company which exports its products to North America.
Therefore Mahindra & Mahindra is a well diversified automobile company than any other auto company…if one segment does not do well due to market situation , the other one would come to its rescue.
Discl:
I have investments in Mahindra and Maruti from lower level. I may be biased. please do your own assessment before investing.
I may be wrong in my assessment, though I have 36 yrs exposure to Auto industry.