Trading And Investment

What Macron’s Win In France Means For Emerging Markets And India As result of France’s presidential election has already been announced and Emmanuel Macron won the election defeating Le Pen. Emmanuel Macron is the youngest president in the history of France. As market was expecting the same and the positive rally was already in cashed that’s why market has not reacted unexpectedly after the results. If Le Pen would had won then definitely a sell off rally was expected. Macron has sounded pro-business, consistently talking about labour and tax reforms as well as infrastructure spending. The equity markets love these terms. All French and EU focused businesses are likely to benefit, and there may well be a bit of an up-move in European equities in the first half of the week.  Investors in emerging markets like India would be happy that the EU markets are now unlikely to see some vicious sell-off. This puts the focus back on domestic factors and the local triggers...

HUDCO (Housing and urban development corporation) . Housing and Urban Development Corporation (HUDCO) is entering the primary market on Monday 8 May 2017, in the price band of Rs. 56 to Rs. 60 per share, with Rs. 2 per share discount for retail investors. Issue closes on Thursday, 11 May and it likely to list on the bourses on 19 May. Wholly owned by the Indian Govt, HUDCO is a Miniratna (Category-I Public Sector Enterprise) Both housing and urban infrastructure sectors in which HUDCO has presence are facing some serious tailwinds, in the form of Govt. impetus via ‘Smart Cities’ and ‘Housing for All by 2022’ projects which provide visible headroom for future growth. To summarise, Govt. backed lender extending loans to state agencies, where risk of default is near-zero, with adequate capital backing, good quality book and very strong sector tailwinds, is being offered at a price-to-book value multiple of only 1.2 times, which is indeed a no brainer. Retail discount of...

As Indian share market is hovering around it’s all time high many people are expecting a correction in market. The people who were expecting a correction at a level around 9000-9100 were deceived by market and with domestic stability on political front market danced, which was further tuned by corporate earning which is continued at present also. Again many of investors are expecting a correction which is well supported by geo-political situation between North Korea and US. As today’s event also suggested a tensed situation between India and Pakistan which fuelled bearish sentiments.  If we will compare current scenario with 2008 crisis taking parameter of P/E one can say that there is a clear correction which is due to happen because of any reason. Take a look at these two images: In JAN 2008 In April 2017 After seeing these two images one can say that correction will definitely come but do remember nothing is certain in this market. Market punters are ex...