What sensational did you miss this week?
- RBI announced that the policy repo rate will not be hiked, continues to be at 6.5%.
- Asian Development Bank (ADB) reduced India’s growth estimate for FY24 to 6.4% from 7.2%. World Bank also reduced its forecast to 6.3% from 6.6%.
- Sugar output has fallen by 3% YoY to 2.99 Cr tonnes from Oct 2022 to Mar 2023.
- EV sales crossed 11.8 lakh units in FY2023, up 148%. Highest increase was seen in two- and three-wheeler sales.
What can you learn from this?
- This means EMIs and loans will not get costlier now. The RBI estimates that, in the financial year 2024, CPI inflation will come down to around 5.2% (currently 6.4%). Higher rabi crop harvesting and lower wheat prices will help bring down food inflation. Milk prices are expected to remain unchanged.
- However, the RBI cautioned that factors like unseasonal rains and supply cuts by OPEC could pose some challenges for commodity prices. In case inflation ends up higher than expected, the RBI may reconsider its decision and hike rates in future.
- Perform an analysis from the lessons learnt from the best stock market courses about how these announcements of growth rates affect the market and how accurate these growth rate numbers turn out to be.
- A sectoral & fundamental analysis of the sugar sector, as learned from stock market training institute.
- A sectoral & fundamental analysis of the EV sector in Automobiles, as learned from stock market courses online with certificate.
- Avalon Tech IPO has been subscribed 2.34 times overall,0.88 times in the retail category, 3.77 times in the QIB category, and 0.43 times in the NII category.
Not to miss updates!
- Last date to link PAN with Aadhar has been extended to June 30, 2023: CBDT.
Video in Focus!
Why is Reliance falling & should you but it now?
Market Outlook this coming week!
Nifty50: This Week
Story of the Week: Shankar Sharma’s darling fell by 89% from all-time high 😱, What’s cooking?
Quite often we are extremely keen to blindly follow the so-called legendary “fund manager’s portfolio” but often it backfires. But we often neglect the lessons learnt from share market training in Noida.
This time it is about the “Brightcom group” which has fallen by 89% from its all-time high.
Brightcom group is a digital marketing services company. The clients of the company are leading blue chip companies like Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, ING, Lenovo, LIC, Maruti Suzuki, MTV, P&G, Qatar Airways, Samsung, Viacom, Sony, Star India, Vodafone, Titan, and Unilever etc.
But what has led to such a massive fall?
The promoter has been selling shares of the company. Nearly 190 million shares were sold by promoters. The promoter’s stake has fallen from 39% in March 2020 to about 18% in Dec 2022.This serious red flag.
Moreover, as per SEBI whenever a promoter sells or transfers the shares, they must inform the stock exchanges. However, no such communication was made by the management of the company.
The company’s receivables have always been negative. In the last 10 years the trade receivables have been positive only for two years.
Therefore, it is important to conduct a very own analysis learnt from stock market courses online with certificate about any company whose news is making rounds because of any means. You should NEVER INVEST BLINDLY!
You Ask, We Deliver: Should I buy CSK unlisted shares?
Requested by: A die-hard CSK fan
IPL season is here!!
What if you get the opportunity to invest in one of the teams? Will you invest? What do the best stock market courses say?
You can now buy shares Chennai Super Kings. It is possible!
In Jan 2020, CSK was trading at Rs 30 and in April 2023 it is trading around Rs 173 which is nearly 470% returns.
CSK is an unlisted stock, and You can buy/sell these unlisted Stocks, which means you can be part owner of the CSK.
CSK is estimated to have 308 million unlisted shares of which 5-7% trade regularly leading to more secondary market transactions.
Investors are lapping up shares now in hopes of a potential initial public offering later, noting that there is no other Indian sports franchise team available for trade.
But the only risk is that these unlisted shares are not regulated by SEBI. There are many unlisted shares trading in the grey market – NSE, Schneider Electric, STUDDS, and a lot more. Some of them are fundamentally sound as per stock market courses online with certificate.
Question of the Week #11
Which of the following will give more weightage to the current price?
A. Moving Average
B. Exponential Moving Average
Answer to Week#10 was Option A: A backstop fund is an emergency fund from where companies and mutual funds can get money. This fund buys bonds or debt securities from these mutual funds. This will ensure that the funds have enough cash to meet any urgent withdrawal needs raised by the customers.
**Make sure you note your choices somewhere as we’ll covering the answers in our next issue…
Word of the week
Consolidated Statements: A consolidated statement reports a company’s financial performance on the whole, and not as a single entity. It consists of information about its associate companies, subsidiary companies, and joint ventures, and should be preferred over standalone statements, as per share market training in Noida.