Politics share price target

Rs. 20 Tn STIMULUS: DEVIL IS IN THE DETAILS: Prime Minister Narendra Modi on May 12 announced a stimulus package ofRs. 20 Tn which is approximately 10% of GDP.

It's not just investing; playing any skill-based game imposes mental demands. It gets more stressful when old rules and styles do not deliver positive outcomes over extended periods. Investors in Indian stocks are struggling with such challenges for over half a decade now. You can be a bear on India, or a bull on the Modi 2.0 reform agenda. But you cannot ignore the tectonic shifts that are happening at typhoon speed in India today... India has never been an easy hunting ground for equity investors. Despite its leading emerging market presence, world-beating corporate talent and vast, under-penetrated markets, most Indian stocks have rarely compounded consistently. The exceptions are only too well known. Some of these, too, have stumbled recently, faced with macro, competitive and tech challenges

With BJP led NDA winning with an overwhelming majority (353 out of 542 seats), Sensex went up by 4%, INR appreciated by 1% , FII inflows increased to US$ 498mn and 10Y yield declined by 14bps (7.23%) in the week. Indian markets outperformed as global markets were rattled with relatively weak outlook as US durable goods orders and new homes sales were below estimates. Even crude oil prices fell by 4.9%. Apart from exports, the global...

We expect M&M; financial services to be a beneficiary of the gradual recovery in the auto sector to be witnessed in the 2nd half of this year, which would translate into better festive sales compared to a tepid performance last year. This would be driven by a normal expected monsoon and completion of election overhang leading to improved sentiment, especially in the rural areas. Implementation of BS 6 norms in April 2020 would also play a role on account of pre-buying .The Government's increased rural spending and infra push would also further accelerate the rural economy. The management has guided for a loan growth of ~15% and the CV segment would continue to show high levels of growth owing to a low base. Increasing focus on the used vehicle business would lead to higher yields going ahead. Better recoveries and operating leverage would result in improving NIMs, making us believe that ROA target of 3% as indicated by the management...

India is rapidly migrating to an alternative fuel environment. Yet until relatively recently, despite being a critical clean fuel, natural gas was not given its due prominence as there was a clear lack of policy initiative. Under the Modi government, the push to this fuel segment has been fast tracked as is apparent in the time-bound rollout of the 9th and 10th round of auctions. The government is looking to increase the contribution of gas in the total energy mix from 6% to 22% by 2022. This presents significant visibility to the CGD growth story.

The Indian rupee on Monday closed lower against the US dollar after Bharatiya Janata Party (BJP) managed to win fewer-than-expected seats in both Gujarat and Himachal Pradesh assembly elections.

The Indian rupee strengthened against the US dollar ahead of the exit poll predictions of Gujarat election on Thursday. However, polls suggests comfortable win for BJP which will strengthen...

We met six key bureaucrats in Lucknow apart from cross-state meetings with companies like HDFC Bank, HDB Financial Svs, Bharat Financial Inclusion, Cholamandalam Investment & Finance, Mahindra & Mahindra Financial Services, Shriram City Union Finance, Dewan Housing Finance (DHFL) and Satin Creditcare. We also met unlisted cos such as Sonata, Cashpor Micro Credit and Aadhar Housing (subsidiary of the listed DHFL) and Shubham Housing.We caught up with dealers and distributors of cement, FMCG, appliances and automobile brands and visited the plants of Patanjali and Havells in Uttarakhand (the erstwhile Himalayan part of UP). Overall, we had 150+ meetings over two weeks. We drove 1,600 km through the heat and dust of Uttar Pradesh in Jun-17 to get a ground level, anecdotal understanding of macro, business and political dynamics in Indias largest under-performing state. We were surprised to see citizens optimism on the direction of the economy, even as they expressed gloom on law and order, jobs and business momentum.

pg 23. Delhi Diaries: Understanding the puzzle of Bihar pg 26. Indian Economy Trends Indicators...