Jarvis
  • CATEGORIES
    • Equity Market
    • Investing Basics
    • Interesting Read
    • AI for investing
    • Trending Stock Market News: Quick Reads
    • Portfolio Management
    • Newsletter
  • I AM A
    • Beginner
    • Intermediate
  • Home
  • Products
    • Jarvis Portfolio
    • Jarvis Protect
    • Jarvis OneStock
  • FAQs
  • About Us
  • Contact Us
  • Become a Partner
No Result
View All Result
Jarvis
  • CATEGORIES
    • Equity Market
    • Investing Basics
    • Interesting Read
    • AI for investing
    • Trending Stock Market News: Quick Reads
    • Portfolio Management
    • Newsletter
  • I AM A
    • Beginner
    • Intermediate
  • Home
  • Products
    • Jarvis Portfolio
    • Jarvis Protect
    • Jarvis OneStock
  • FAQs
  • About Us
  • Contact Us
  • Become a Partner
No Result
View All Result
Jarvis
No Result
View All Result
Home Newsletter

Thursday, 13th January 2022

by Sumit Chanda
January 13, 2022
in Newsletter
Reading Time: 4 mins read
A A
0
Share on FacebookShare on Twitter

It was a day of the Big-3 IT companies announcing their results on 12th January with TCS and Infosys doing better than street estimates but Wipro putting out numbers below street estimates. There was an operating margin contraction of 152 bps in TCS, 192 bps in Infosys and over 430 bps in Wipro. Top line growth of over 20% was visible across all the three IT bigwigs. TCS announced its Rs.18,000 crore buyback of shares in the board meeting. Margin pressure came from higher manpower and sub-contracting costs.

US inflation came in at a 39 year high of 7%, but was actually a tad better than the Bloomberg consensus estimate of 7.1%. In the absence of any negative policy surprise, the global markets actually rallied on 12th January. In fact, with lower than expected inflation, the treasury yields actually tapered to 1.7357%. while the markets are expecting front ending of rate hikes by the Fed, this may be moderated if inflation stays under control in the US. Dollar index touched a 2-year low of 95.117, even as Brent scaled $84/bbl.

Government has assured that Vodafone India and Tata Tele would not become PSU companies despite their decision to convert their AGR interest dues into equity. As pe early calculations, the government will end up with 35.8% stake in Vodafone Idea and 9.2% stake in Tata Tele. Government underlined that the sustained continuance of these two players was crucial to prevent the sector from becoming a duopoly market. The companies will retain the ability to invest so that telecom services can reach far-flung areas.

For the month of December 2021, headline retail inflation came in 68 bps higher at 5.59%, largely along expected lines. Food inflation rose further to 4.05%. However, despite this spike, the headline inflation remains under the 6% outer limit prescribed by the RBI. The spike in food inflation was 218 bps and was led by a low base effect. The higher inflation is likely to induce the RBI to evaluate rate hikes in the coming February and April policies as the US is evaluating 3 to 4 rate hikes of 25 bps each in calendar year 2022. 

The index of industrial production (IIP) for November 2021 (normally announced with one-month lag) came in lower at 1.4% compared to 4% in Oct-21. This is largely attributed to the normalization of base effect. Since April this year, the low base effect had made IIP look optically high. However, there is a distinct loss of momentum in November as is evident from the sequential data. In fact, the 8-month cumulative IIP has just fallen below the FY20 pre-COVID levels. Reuters estimates had pegged IIP at 3%.

Indian government is apparently pushing for a valuation of Rs.15 trillion or $203 billion for LIC. According to reports, LIC is expected to file its DRHP for its proposed IPO by the last week of January. The final report on embedded valuation by Milliman Advisors is expected in the region of Rs.4 trillion and market value could be pegged at nearly 4 times the embedded value. This would make LIC the second most valuable company in India, below Reliance. Currently RIL has market cap of Rs.17 trillion and TCS Rs.14.3 trillion. 

Adani Green Energy scaled a new high of Rs,1,666 with the stock surging 16% in just 2 days post its Q3 business update. AGEL had guided for 97% growth in sale of energy for the Dec-21 quarter at 2,504 million units with strong contribution from Solar and Wind portfolios. Operational capacity was up 84% at 5,410 MW. The capacity utilization factor (CUF) for solar stood at 21.9% and for wind energy at 18.6%. AGEL is the largest solar player in the world. Its key customers are Solar Energy Corporation of India and NTPC.

The government put disinvestment of Central Electronics Limited (CEL) on hold subject to examination of allegations made by employees. The LOI issued to the winning bidder, Nandal Finance and Leasing has been put on hold. One of the allegations of the Union was that the bidders were inter-related by virtue of common directors in group companies. Also there was a legal case pending against the successful bidder in NCLAT.  Employees also felt that a financial services company should not bid for a strategic PSU asset.

Sumit Chanda

Sumit Chanda

Sumit has 18 years of experience in BFSI industry, into devising strategy for various functions, Investments and Managing Asset Portfolios. Specializes in Strategy & implementation in sales & operations, Team management, IT implementation, Affiliations.

Related Posts

Illustration of bullish and bearish market trends with digital bull and bear icons standing on stacked gold coins, promoting 6 multibagger stocks that surged in 2025. "Is your portfolio still in 2022?" – Jarvis AI

These 6 Multibagger Stocks Exploded in 2025 — Is Your Portfolio Still in 2022?

by Sumit Chanda
June 26, 2025
0
5.3k

In 2025, six multibagger stocks delivered explosive returns—while many investors were still stuck with outdated portfolios. Are you missing the...

Jarvis Invest blog - ‘Liquidity or Inflation? RBI Policy June 2025’ reflecting monetary policy focus

Liquidity or Inflation? RBI Policy June 2025

by Sumit Chanda
June 6, 2025
0
10

On June 6, 2025, the Reserve Bank of India took a bold step to revive economic momentum by slashing both...

Gold vs Stocks: Where should indians invest for better returns?

Gold vs Stocks: Where should Indians invest for better returns?

by Sumit Chanda
May 30, 2025
0
5.3k

As the world’s investment landscape shifts, investors often face the dilemma of where to park their funds for optimal returns....

NRI Investment Plan in India

How can NRIs invest Rs 50 lakh in India?

by Sumit Chanda
May 23, 2025
0
5.3k

When it comes to investment in India, Non-resident Indians (NRIs) are always skeptical about where to invest their hard-earned money....

Top 5 best growth stocks in India and sectors to watch in 2025

Top 5 Best Growth Stocks in India & Sectors to Watch in 2025

by Sumit Chanda
May 8, 2025
0
5.5k

You see the market correction in late 2024 and early 2025 was driven by weak economic data, corporate earnings misses,...

Best sectors to invest in 2025

India’s Fastest-Growing & Best sectors to invest in 2025

by Sumit Chanda
April 29, 2025
0
5.6k

In this blog, we are going to delve into the best sectors to invest in 2025 anticipated to experience the...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Equity Market
  • Investing Basics
  • AI for investing
  • Trending Stock Market News: Quick Reads
  • Interesting Read
  • Financial Planning
  • Portfolio Management
  • Newsletter
Connect with us: customersupport@jarvisinvest.com

© 2023 Jarvis Invest

No Result
View All Result
  • CATEGORIES
    • Equity Market
    • Investing Basics
    • Interesting Read
    • AI for investing
    • Trending Stock Market News: Quick Reads
    • Portfolio Management
    • Newsletter
  • I AM A
    • Beginner
    • Intermediate
  • Home
  • Products
    • Jarvis Portfolio
    • Jarvis Protect
    • Jarvis OneStock
  • FAQs
  • About Us
  • Contact Us
  • Become a Partner

© 2023 Jarvis Invest

Go to mobile version