- Wealth PMS (50L+)
The Slack group at Capital Mind Premium has been extremely active and if you haven’t been there (Premium subscribers only), pop us a note by replying to this email.
A brief summary of some of the interesting things discussed there in the last few days:
India’s primary market is booming as investors can’t seem to get enough of initial public offers (IPOs), encouraged by recent stellar listings.
On Friday, Mahanagar Gas, a gas distributor in Mumbai, made a strong debut on the bourses, while investors rushed to apply to staffing solutions player Quess Corp’s IPO, which was subscribed 147 times — the highest in almost eight years. (Link)
Daljeet Kohli has confidently reiterated that a top-quality specialty chemical stock which is the favourite of Vijay Kedia deserves to be bought despite its steep surge because it is unaffected by Brexit. (Link)
After a long hiatus, George Soros has returned to trading, lured by opportunities to profit from what he sees as coming economic troubles. Worried about the outlook for the global economy and concerned that large market shifts may be at hand, the billionaire hedge-fund founder and philanthropist recently directed a series of big, bearish investments, according to people close to the matter. (Link)
Amid reports that Adani Port and SEZ Ltd (APSEZ) was spared a hefty fine of Rs 200 crore for environmental damage during construction of Mundra port, the Environment Ministry on Sunday said the claims are “incorrect” and it had imposed “more serious” responsibility on the firm without any cost limit. (Link)
A US-based research firm is predicting that India’s IT services industry will lose 6.4 lakh “low-skilled” jobs to automation in the next five years, quantifying the extent of likely pain for the first time, but Indian industry experts are urging caution and point to the other side of the coin — the creation of new jobs in large numbers. (Link)
Bangalore residential market shows buoyancy with upsurge in sales and launches, said a recent report by Knight Frank India. (Link)
Engineering major L&T Group’s executive chairman AM Naik, has dismissed industry speculation that the high level exits of executives at L&T Infotech were due to his interference. (Link)
Firm, which will launch IPO next week, plans to use the sale proceeds for working capital needs, acquisitions. (Link)
How Vertical Farming Works – Link
India falsely claiming it’s economy growing faster than China: Ruchir Sharma – Link
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion