EQUITY

Indian equity markets

Rupee accelerates, Crude boils…

Indian equity markets remained subdued over the last month with the broader markets gradually declining as USD-INR hit new highs and crude prices inched up. Rupee depreciated to Rs.72.50/$ for the first time on 10th September 2018. With the NIFTY/SENSEX move being driven by top 10 stocks, there has been a large gap created with …

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Fairchem Speciality

Fairchem Speciality Ltd- Creating fragrance out of waste

Fairchem Speciality Ltd (FSL), a Fairfax investment company, is an exclusive formation of specialty chemicals company from the merger of Adi Finechem Ltd (manufacturer of oleochemicals and nutraceuticals) and Privi Organics India Ltd (manufacturer of aroma chemicals). The combined entity caters to various industries ranging from printing inks, paints, adhesives & paper coatings, flavors & …

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Meghmani Organics

Meghmani Organics Ltd – Expanding base

Meghmani Organics Ltd. (MOL) is an India-based chemical company with varied business interests. It has three business segments namely pigment, agrochemicals and basic chemicals. MOL has presence in more than 75 countries, serving over 400 customers across all three business segments. It has a distribution network with subsidiaries in USA, Indonesia, Dubai, Europe, a representative …

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SENSEX

SENSEX scaling new highs…

SENSEX crossed 38,000 for the first time ever on 9th August and the NIFTY also closed in on 11,500 levels as markets kept hitting new highs on a regular basis. The broader markets which took a beating over the last few months with many smaller companies falling by 25-30% are also gradually recovering.The current correction …

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Deepak Nitrite Ltd

Deepak Nitrite Ltd: Expanding base

Deepak Nitrite Ltd (DNL) is a leading manufacturer of organic, inorganic and fine specialty chemicals (FSC). The Company’s product range includes chemicals which cater to a wide range of industries including colorants, agrochemicals, pharmaceuticals, rubber and specialty chemicals. DNL is also in the business of fluorescent whitening agent (FWA) and bulk chemicals & commodities. For …

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tariffs

Trade tariffs & counter tariffs

As the US nears mid-term elections vital for Trump’s legislative agenda, the White House will be ready to impose 10% tariffs on $200 bn of Chinese-made products, ranging from clothing to television parts to refrigerators by 30th August. The levies together with some $50 bn already in the works stand to raise import prices on …

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midcaps

NIFTY peaks but midcaps hit a trough

Though NIFTY scaled the 11,000 mark again on 12th July after a gap of over 5 months (last peak on 31st January 2018), midcaps & small caps continue to fall sharply as markets remain volatile. Starting with a disappointing budget where LTCG on equity investments was announced, followed by continuing bank NPAs, uncertain political outlook, …

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Garware Wall Ropes

Garware Wall Ropes Ltd – Netting in the gains

Garware Wall Ropes Ltd (GWRL) is engaged in the manufacturing of ropes, twines and cordage, nettings, multi-filament yarns, and geotechnical nets and fabrics of nets and net-related products. It provides innovative and application focused solutions to diversified applications across fishing, aquaculture, agriculture, sports, and other segments. The fisheries segment is the biggest contributor to overall …

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midcap

Midcap stocks on a free fall

Though frontline index such as NIFTY & SENSEX have been range bound, broader markets have taken a beating with many smaller companies falling by over 30% from their peak. Some of it is correction of excesses in the midcap space; it is also providing some good opportunities to enter some quality stocks at reasonable valuations. …

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