Sathish Speaks

What if I say, picking the wrong mutual fundsCould Cost You 1 Crore?

  • Domestic equity markets fell after witnessing a rise in the previous week as key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.30% and 0.09% respectively.
  • However, the midcap segment and the small-cap segment closed the week in green with significant gains.
  • Domestic equity markets finished the first week of the New Year with marginal losses on concerns over escalating geopolitical tensions in the middle east.
  • Sentiments were weighed following a significant rise in global crude oil prices due to conflict in the Red sea that threatened a disruption in global trade and crude oil supplies. Weak data from China’s manufacturing sector of Dec 2023 extended the losses further.
  • On the BSE sectoral front, S&P BSE Realty rose 7.91% as promising demand in the residential category, bolstered by healthy housing loan disbursement data released by banks, led to a significant increase in purchasing in the real estate sector
  • S&P BSE Healthcare rose 3.27% due to several factors like, the strong performance in branded markets, lower raw material costs, increased market share in recently launched products, and improved performance in the U.S. generics market.

: What if I say, picking the wrong mutual fundsCould Cost You 1 Crore?
  • EID Parry is engaged in Sugar, Nutraceuticals and ethanol production. It also has a significant presence in the Farm Inputs business including Bio pesticides through its subsidiary, Coromandel International Limited
  • Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.09 times
  • Healthy long term growth as Net Sales has grown by an annual rate of 15.27% and Operating profit at 20.09%
  • ROCE(HY) Highest at 38.88 %
  • With ROE of 14.9, it has a Very Attractive valuation with a 1.5 Price to Book Value
  • OPERATING PROFIT TO INTEREST(Q) Highest at 14.24 times
  • The stock is trading at a discount compared to its average historical valuations

This News letter is from Creating Wealth Company – For Private Circulation only.
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Mutual Funds and Stock Market Investments are subject to market risks, pls read all scheme related documents carefully. Past performance of the mutual fund is not necessarily indicative for future performances. Mutual fund does not guarantee any returns or dividends.
This report is for informational purpose only and contains information, opinion, material obtained from reliable sources and every effort has been made to avoid errors and omissions and is not to be construed as an advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments, we shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means are prohibited.

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