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About Deepak Shenoy

Deepak Founded Capital Mind, which mines financial data and provides analytics. Deepak is part of the core team that helps build, grow and keep our data platform up to date. He lives in Bangalore. Connect with him at deepakshenoy@capitalmind.in.
11 02, 2016

Carnage in the Markets as Nifty Covers a Long Term Gap and Midcaps Fall Back To The Mean

By |February 11th, 2016|Categories: Nifty|1 Comment

The market crashed big time today. But it was only big in the context of recent history: this is really the biggest fall since the August one day fall. But it’s reached an important point – it’s covered a “gap” that we had seen open for a long time. The good news is: this gap could help act as a support level – for those that missed out buying then, […]

9 02, 2016

Charts: GDP Grows at 7.3% But Data Does Not Look Reliable

By |February 9th, 2016|Categories: Charts, GDP, Macro|0 Comments

India’s GDP for the December 2015 quarter grew by 7.3% on what seems to be love and fresh air, because nothing else seems to be able to corroborate this kind of data. But it’s there and that’s what we have so at Capital Mind we’ll do our graphs.

Real GDP Grows at 7.3% while Nominal Growth Jumps to 9%, We Don’t Know How

Apparently the Real GDP (net of inflation) is growing […]

8 02, 2016

What Went Wrong With Kitex Garments?

By |February 8th, 2016|Categories: Kitex|3 Comments

Kitex Garments (KGL) is a company that seems to never go out of the news, though you’ll be forgiven for never even hearing about the company. It’s run by Sabu Jacob, in Kerala. Why the interest in a company that makes cotton undergarments for kids, and sells them abroad, and managers to run a labour intensive company out of Kerala?

Answer: He generates awesome ROCE (Return on Capital Employed) in […]

5 02, 2016

China Makes 50% More Steel Than The Next 10 Countries Combined – A Perspective on Steel Production Cuts

By |February 5th, 2016|Categories: China, Steel|0 Comments

To understand the scale at which China has dominated the steel business, here’s a recent comparison of their steel production with the next 10 countries on the list: (source: http://worldsteel.org )

China makes more steel than the next 10 countries, combined:

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4 02, 2016

Misleading Reporting: Indian Pharma Company APIs are NOT Banned in the US

By |February 4th, 2016|Categories: Pharma|5 Comments

Today Vidya Krishnan of the Hindu decided to write a story. This was a story that apparently caused some random panic among stocks of the pharma variety because OMG THE US GOVERNMENT HAS BANNED INDIAN API IMPORTS! 

The article started out like this:

In a move that will further inflate prices of drugs in the United States — already a burning issue in the current […]

2 02, 2016

Optionalysis: MA20 Hits A Loss As Markets Give Up Gains

By |February 2nd, 2016|Categories: Optionalysis, Premium|0 Comments

Optionalysis

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1 02, 2016

Dosa Economics, Avoiding Brazil Steroids, Dissing Tariffs and Letting Banks Revalue Assets: The Raghuram Rajan Speech

By |February 1st, 2016|Categories: RBI|2 Comments

Rajan’s recent speech in Delhi offers great tidbits to consume and see how the RBI is thinking.

Learning from Brazil: Don’t Take the Stimulus Steroid

Perhaps Brazil offers a salutary lesson. Only a few years ago, the world was applauding the country’s thriving democracy, its robust economic growth, and the enormous strides it was making in reducing inequality. It grew at 7.6 percent in 2010, and had […]

1 02, 2016

Premium: Aegis Logistics Results Show A Promising Two Years Ahead With Throughput and Capacity Expansions

By |February 1st, 2016|Categories: Premium|0 Comments

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Aegis Logistics had an interesting quarter. While the EPS was “down” (from 1.17 in December 2014 down to 0.9 now) the reason is that there was a 30 cr. gain in the Dec 14 quarter when they sold stake in a subsidiary. (They sold 40% in their Singapore subsidiary to ITOCHU Petroleum)

They made a profit of Rs. 36 cr. versus Rs. 25.6 cr. if you ignore that, so they seem to have done very well.

In the first nine months, they have made Rs. 82 cr. of profit, which, if you net out the one time gain, will show a 39% increase year on year. 

Aegis Results

If you’re new to Aegis – they do liquid and gas logistics at ports. They have operations in Kochi, Mumbai, Pipavav and Haldia. They are expanding to Kandla, and have space in Mangalore as well. They also have a retail gas distribution network in 7 states, commercial LPG operations and also sourcing/handling abroad through a Singapore subsidiary.

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30 01, 2016

25 Companies Announce Nifty Returns, Aggregate Profit Increases Just 2.5%

By |January 30th, 2016|Categories: General|0 Comments

We’re a the halfway mark for Nifty company results – 25 of the 50 have announced earnings, and the status is that earnings are not growing fast at all (just 2.5% year on year, on aggregate).

All Results

What shines out on the positive side:

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29 01, 2016

Japan’s Desperate Move: Negative Interest Rates And Continued Equity Buys

By |January 29th, 2016|Categories: Japan|4 Comments

The Bank of Japan now went even more ballistic . Not that they weren’t earlier, but now they’ve upped the ante a little bit  more. The BOJ today moved interest rates to the negative zone  – from +0.1% to -0.1%. Meaning, if banks deposit money with the BOJ, they will get back less than they put in.

And the Yen went down with the USDJPY crossing 120.

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28 01, 2016

Premium: Good Results by Supreme Petro Even When Chennai Plant Shut

By |January 28th, 2016|Categories: Premium|0 Comments

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27 01, 2016

Five Reasons Why Indigo Shares Crashed 25% in Two Days

By |January 27th, 2016|Categories: Stocks|Tags: |3 Comments

Indigo’s stock has fallen over 25% in two days. While I’ve been very appreciative of the aviation business and Indigo in particular, this is time to take stock. And we have been long at Capital Mind Premium, though we were out at 1160 due to a trailing stop loss. But the stock fell from the 1200 levels to 900! What happened?

(Note: this is not a stock recommendation; it’s merely […]

25 01, 2016

StratOptions: Modifying a Straddle Into an Inverted Strangle Gave Us 3.4% More To End Jan With 7.43%

By |January 25th, 2016|Categories: Optionalysis, Premium, StratOptions|0 Comments

Optionalysis

More StratOptions: We have yet another traded for 3.37% in January. Along with the earlier trade at 4% we now have a 7.34% locked in gain for January, and we’ll now shut up and wait for the next opportunity which may be in Feb only.

StratOptions is the Capital Mind Premium Strategy that focuses on building income through trades that take advantage of Volatility or the lack of it. The goal is to attempt to get 3-5% a month on calculated entries and exits.

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22 01, 2016

Story: Renaming the Emergency Buffer as the F.O. Fund

By |January 22nd, 2016|Categories: Links|5 Comments

Note: This is a post that contains bad language. If you’re someone who balks at the F-Word stop reading right here.

I have often advocated that you need things in three buckets mainly:

1) An emergency fund with six months of expenses

2) A fund for your children’s education – my calculations say this needs about Rs. 10,000 per month per child, and more if you didn’t start about eight […]