Tweet Buster: Knock-knock, multibaggers! And how to bring josh back on Dalal Street
Top Street investor Shankar Sharma says market has been in its worst state in last 18 months.
Top Street investor Shankar Sharma says the market has been in its worst state in last 18 months and only a handful of Nifty stocks have been able to mask the true condition. Sharma said the current scenario is worse than the one witnessed during the 2008 financial crisis.
The handful of Nifty stocks is masking the ugly truth that the Indian market, now and over the last 18 months, has… https://t.co/wBKbF0QWoJ— Shankar Sharma (@1shankarsharma) 1563520712000
Sharma also said anybody with the option of investing globally has no case for investing in India, given the ancient companies, economic slowdown and rising taxation.
The more I think about it, the clearer it becomes: anybody with options to invest globally ( US in particular, with… https://t.co/ACuRILTLQL— Shankar Sharma (@1shankarsharma) 1563203643000
Safir Anand, a value investor, said anybody who says government policies are not behind the current market state is wrong.
totally disagree with some tweets that say one should not blame policies for stock mkt. 1. LTCG 2. Mutual fund real… https://t.co/5YkBIUEbzq— Safir (@safiranand) 1563600555000
Anand also shared a "Knock-Knock" joke about multibaggers. Take a look:
Knock knock Who's there Multibagger Multibagger who.... Disappeared— Safir (@safiranand) 1563384367000
Smallcap czar Porinju Veliyath posted a tweet, titled -- The real state of the equity market. The table he shared showed that around 65 per cent of total traded companies were more than 50 per cent down from their 30-month highs.
The real state of equity markets! https://t.co/hmBTDxNbB0— Porinju Veliyath (@porinju) 1563255802000
Commenting on Friday's selloff, Samir Arora shared an anecdote from Bollywood and quoted one of the most memorable villains.
If Gabbar Singh was an investor, he would be asking today: "Mera kya hoga, Kalia"?— Samir Arora (@Iamsamirarora) 1563443281000
Arora said given the market condition it might not be possible to collect tax on long-term capital gains, and thus this should not give any idea to the government to charge you on how much you lose to fill its tax kitty.
Since there may not be much taxes collected on capital gains, I hope there is no thinking like following: Logic: I… https://t.co/luAkrCDKKU— Samir Arora (@Iamsamirarora) 1563529997000
Reacting to Arora's suggestion, Shankar Sharma pleaded with him not to give such ideas to government and be Arun Bokil of the stock market.
@Iamsamirarora Sir, Ram Lalla ke liye, aap please aise ideas dena bund karo. Don't become Arun Bokil of stock marke… https://t.co/WncuAtN19m— Shankar Sharma (@1shankarsharma) 1563540333000
Amid all the negativity surrounding the market, Sandip Sabharwal sees an opportunity for India -- oil.
The inability of Crude to rally substantially despite the Opec plus Cartel working well Iran issues Start of Hurri… https://t.co/8K99LzR3hp— sandip sabharwal (@sandipsabharwal) 1563337114000
Besides market's underperformance, it was YES Bank which hogged the limelight through the week for all the negative reasons.
Anand too turned to Bollywood to narrate the state of YES Bank's investors.
The joke on Yes bank: Ajit : Robert !! Robert : yes boss ! Ajit : zara apne sab dushmano ke demat mein 10,000 sh… https://t.co/guC6F31QTH— Safir (@safiranand) 1563618497000
Sandip Sabharwal said YES Bank's turnaround would depend on its ability to raise capital.
The main issue with #YesBank (besides the NPA's) as I see it is that Advances are now more than Deposits. This is… https://t.co/OtCfQ61vb6— sandip sabharwal (@sandipsabharwal) 1563428889000
Sabharwal said YES Bank’s poor performance can be an advantage for larger banks and NBFCs going forward.
#YesBank manages to spoil improving market sentiments. Its advantage larger banks and strong NBFC's going forward— sandip sabharwal (@sandipsabharwal) 1563422704000
Like for the troubled YES, Sabharwal also sees a way out for DHFL to prevent it from being the next Jet.
My estimate is that #DHFL can get resolved with a 20% across the board haircut. Banks should move fast and so it be… https://t.co/NkXykOyf89— sandip sabharwal (@sandipsabharwal) 1563547093000
Safir Anand says, earlier companies were outliers and now there are outright liars.
First companies were Outliers Then some became Out Liars #outliers— Safir (@safiranand) 1563467647000
Along the same lines, Shankar Sharma made a case against investing in bank stocks as most of the bank balance sheets are up in the air.
It's beyond my understanding why anybody would consider investing in a bank, at book value valuation, when the book… https://t.co/KvlicCfWdn— Shankar Sharma (@1shankarsharma) 1563351839000
Value investor Nooresh Mirani said the value of government holding in PSUs as a promoter is down by Rs 1-1.5 lakh crore post the budget.
The value of #government holding in #Cpse companies as a promoter is down by 1-1.5 lakh crores post the budget.— Nooresh Merani (@nooreshtech) 1563620543000
Amid this, Sabharwal offered a stock recommendation.
People are afraid of buying the underperforming "Interest Rate Senstive" stocks. This is the best time You don't ne… https://t.co/zzWh8wGRHO— sandip sabharwal (@sandipsabharwal) 1563257524000
Lastly, business tycoon Anand Mahindra said, "To increase consumption in the country, we have to roll out the red carpet for investors — local & overseas — and reverse risk aversion among consumers and build their ‘josh’ to start spending again."
According to #IHSMarkit, consumption in India will increase to $3.6 Tn by 2025. I don’t believe it’ll happen automa… https://t.co/osKLE61ND3— anand mahindra (@anandmahindra) 1563630915000