This edition asks a question we keep circling back to in meetings: Is India Inc doing enough capex? For a decade, the government carried the investment cycle while corporate India repaired balance sheets and sat on cash. We analyzed capex …
Crude eases from July peak, rupee stabilizes near Rs.95.6/USD: After spiking to ~$93-94/bbl in July on theIran-US ceasefire collapse, Brent has eased to ~$88-89/bbl by late August as Hormuz-region crude exportsrecover and Iran-Oman reach a revenue-sharing arrangement over the strait, …
This edition decodes the precision engineering industry. This industry keeps surfacing in concalls across ourcoverage, from forgings to auto parts to defence, and we wanted a common frame to judge those commentsagainst. We wanted to understand which Indian suppliers can …
Every position for us begins with a question: what does the market not yet appreciate about this business? Thisedition decodes the strongest guidance signals from last quarter’s concalls, where management commentaryrevealed more than the headline numbers and companies where our …
Renewed flare-up, fragile pause: the ceasefire that held through June broke down in early July after Iran struck vessels in the Strait of Hormuz; the US retaliated with strikes inside Iran, triggering roughly two weeks of near nightly exchanges. Brent …
Investment Strategy — Staying Positive on Equities – “Dips are discounts, not detours.” Ampersand Capital | Outlook VIEW
By Sanjaya Satapathy, Portfolio Manager and Partner Despite the near-term noise from the US-Iran war, rupee depreciation, and global risk aversion, we atAmpersand Capital believe India’s medium-term equity story remains one of the most compelling. Theearnings cycle is turning up, …
Sticker shock in the aftermath of Covid is the primary reason why consumer demand across the product range fell below trend line in the last 5 years in India. Consumption slowdown eventually weighed on stock market sentiment, leading to sharp …
The Indian stock market has experienced a nearly 15% decline from its peak due to concerns over an economic slowdown and fears of a trade war under newly elected U.S. President Donald Trump. However, there are compelling reasons to believe …
What is the difference between timing the cycle and timing the markets? Timing business cycle is dependant competitive dynamics of respective industries and sectors. Business cycle expands when competition reduces and hence profit margin expands, and declines when competition intensifies. …