Indian Economy

[TB]

2 hours ago, dartmonkey said:

I’ve gotta ask, how is it that FIH’s investments have managed to avoid all this sizzling?

I don't own FIH. @Haryana , @Viking and others tracking FIH closely will have better insights. I know a couple such as Quess (up 51%+ YTD), ThomasCook India (+66% YTD), GoDigit (up 27%+ YTD) that are doing well where Fairfax is involved. INDA (iShares MSCI India ETF) seems to have done better (relative performance) compared to FIH. 

Edited September 1 by TB

[Haryana]

On 9/1/2024 at 10:21 AM, TB said:

A bike dealership ended up becoming a billionaire overnight 

 

https://theprint.in/economy/how-bike-dealerships-rs-12-cr-ipo-raised-whopping-rs-4800-cr-why-this-isnt-cause-to-celebrate/2240608/

 

 

Worth quoting from your link -

 

“Out of the 16 crore demat accounts now, about 75 percent are newbies that entered the market post the Covid-19 crash,” V.K. Vijayakumar, chief investment strategist at Kochi-based investment services firm Geojit Financial Services, explained to ThePrint.

“They have only seen the market going up, and so the recency effect plays a factor here, making them believe the market will only go up.” 

He further said that the vast majority of retail investors are not doing their due diligence which, he claimed, was “a growing problem”.

“They don’t have any idea of valuations. Far from doing due diligence, they are not even doing commonsensical monitoring,” he said. 

 

[Haryana]

Fairfax holding Quess is recovering, doubled in one year -

 

 

Thomas Cook India, another Fairfax holding, also doubled -

 

Edited September 4 by Haryana

[Haryana]

While there is "irrational exuberance" in the Indian stock markets, the financial sector is appearing as a value play.

 

The regulators are going tough on the financial entities to apply the brake without hampering the economic growth.

 

This has caused the FIH valuation to remain subdued as it has muted financial heavyweights of IIFL and CSB bank.

 

Bangalore airport would have participated in the market sizzle if it was public as the travel segment is booming hot.

 

[TB]

1 hour ago, Haryana said:

While there is "irrational exuberance" in the Indian stock markets, the financial sector is appearing as a value play.

 

The regulators are going tough on the financial entities to apply the brake without hampering the economic growth.

 

This has caused the FIH valuation to remain subdued as it has muted financial heavyweights of IIFL and CSB bank.

 

Bangalore airport would have participated in the market sizzle if it was public as the travel segment is booming hot.

 

[Dipesh Patel]

[UK]

24 minutes ago, Dipesh Patel said:

 

So maybe this idea to put big chunk of capital into IDBI is not that bad after all:)?