Rajesh Pherwani Dear all, Would like to share with you our short opinion on the Budget by Rajesh Pherwani – In my investment career spanning more than 2 decades, I have witnessed every Budget’s obsession with fiscal deficit and subsidies. However, the tide has turned over the last few years. The fact that this budget is focused … Read more
The Budget has been full of green ticks for us as investors. We are clearly getting what we wanted Productive expenditure by the Government and a lesser burden on the common man to raise revenues. For many years in the history of my investment career (24 years and counting), I heard economists and the investing … Read more
Stock picking backed by strong in-house GRO process Valcreate follows the in-house GRO process with a focus on 4 pillars of investing- Growth, Return on Investment, and Ownership in the context of Valuations. This has been the hallmark of investing and helps identify companies with earnings trails as well as high-quality business at acceptable valuations. … Read more
As I have been restricted to the confines of my home due to COVID-19 restrictions, I got some time to revisit some of the statements I made in the previous 2 newsletters. Two statements clearly stood out from my Jan 2020 newsletter titled “Liquidity bubble and pockets of value” “Welcome to the new year. 2019 … Read more
India’s Finance Minister has been making regular announcements on TV every Friday. Each time, she addressed issues to revive the economy and industry. With GDP at a 7-year low of 5% in Q1FY20, manufacturing growth at 0.6%, and agriculture growth at 2%, it was time to act. Some of the measures announced by her included … Read more
The biggest event in the last 5 years (due to arrive in April) is the 17th Lok Sabha elections. On the cusp of this event, we have witnessed a lot of apprehensions amongst investors on what could be the potential impact of a weak government mandate (such as a hung parliament and weak coalition) on … Read more