MOSL: Morning India (12/April/19): 1. India Strategy (Contrarian Investing – Quarterly Update); 2. Mahindra & Mahindra (Medium term challenges priced in but catalysts lacking for re-rating); 3. Economy – FoE; 4
MOrning India (12/April/19): 1. India Strategy (Contrarian Investing – Quarterly Update); 2. Mahindra & Mahindra (Medium term challenges priced in but catalysts lacking for re-rating); 3. Economy – FoE; 4. MNGL
Today’s top research theme
India Strategy: Contrarian Investing – Quarterly Update; A review of our contrarian investment strategies
Our thematic strategy note on Contrarian investing, published in June’17 gives a detailed account of the subject matter. In this note we have reviewed the performance of our strategies in last quarter:
- Neutral to moderately popular stocks performed the second best. On the other hand, the most popular stocks performed the worst.
- Low PE stocks performed the best beating the benchmark. On the other hand, high PE stocks came in third.
- Low PCF stocks performed the best beating the benchmark. On the other hand, high PCF stocks came in fourth.
- Net Sell to Net Buy stocks for 3QFY19: HPCL, Siemens and Page Industries.
- Contrarian BUYs: TGBL, Ashok Leyland, HDFC Life, HPCL and Coal India
- Contrarian SELLs: Axis Bank, Nestle, Havells, Pidilite and M&M
Piping hot news
Elections 2019: Voter turnout stays high in controversy-marred Phase 1
Lok Sabha Elections 2019 kicked off on Thursday matching the high voter turnout of the previous national polls, but the day was marred by violence that claimed two lives, and complaints over damaged EVMs and missing voters’ names. Voters in 91 seats across 18 states and 2 union territories queued up at polling booths from early morning to vote in Phase 1 of the electoral test for the Narendra Modi government. Six more phases of polling remain, spread over a little more than a month, before votes are counted on 23 May to decide the shape of the 17th Parliament.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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