Fino.Club

JIO FIN
AT IPO DAY AVWAP
ADDING IN MIDTERM PORTFOLIO
EXPECTING 30-40% UPSIDE

SLOW MOVER

Compounding happens when you have wealth - if you dont have that yet.

Focus on generating that -> there are far better investments than stockmarket for young folks.

Keep hustling keep building 💪

Happy new year everyone - keep trading and investing 🥳🥳

IPO Closing today
1. DAM Capital Advisors 14x Apply 1 lot
2. Transrail Lighting 11x Apply 1 Lot
3. Mamata Machinery 66x Apply 1 lot

SEBI in its recent amendment order introduced Specialised Investment Funds or SIFs as a new product for mutual fund investors!

First, this isn't just another regulatory change – it's SEBI acknowledging that India's wealth creators need more nuanced investment vehicles. The INR 10 lakh minimum investment creates a clear distinction between retail investors and emerging wealth creators.

Let’s understand what this means for investors —

1️⃣The 20% single-issuer limit for debt securities (expandable to 25%) allows fund managers to take meaningful credit positions.

In a country where credit opportunities are abundant but access is limited, SIFs can now build concentrated positions in high-quality, investment-grade debt.

2️⃣The increased limit for REITs and InvITs (20%) is interesting. Real estate and infrastructure have always been wealth creators in India, but retail mutual funds were constrained. SIFs can now offer institutional-style real estate and infrastructure exposure to individual investors.

3️⃣SIFs can take more significant positions in emerging companies (15% ownership limit in companies). This could create a new ecosystem of sophisticated capital supporting India's next generation of businesses.

4️⃣SEBI is essentially creating a bridge between traditional mutual funds and PMSs. SIFs will likely become the testing ground for sophisticated strategies that were previously limited to PMSs and AIFs, but with better liquidity options through the presence of open-ended structure options.

Looking ahead, I believe SIFs will fundamentally alter how India's wealthy invest. They'll demand more sophisticated strategies, better risk management, and deeper market insights.

As for us wealth managers, this welcome move by the regulators drives us to strive better to create wealth for our clients - time for wealth managers to up their game to be able to address these new options!

Would love to hear your thoughts on this!

IPO Investing: Patience is the Key to Unlocking Long-Term Wealth

People have a tendency to go ga-ga over IPOs and treat them like lottery tickets. They rush in to book quick gains on listing day. But this is the truth: unless you play the long game, you might miss some humongous opportunities.

Check out last year's IPOs:

Companies like J.G. Chemical, Jyoti CNC, Platinum Industries, Epack, Innova Captab, Adhar Housing, Bharati Hexacom, and SRM Contractors initially listed with modest premiums of 20-30%.
However, most of these stocks gave fabulous returns of 100-200% over time.

This goes to say that listing day performance and GMP are short-term indicators. The real money is in holding quality IPO allotments for the long term.

While you may miss out on a minor listing gain by waiting, the potential for significant upside in strong companies far outweighs the initial premium.

So, the key takeaway? Be patient and focus on the bigger picture—this is where the real wealth is made.


Disclaimer:

This is an informative post. Any form of investment in IPO is risky, and prospective investors should consult a financial advisor to guide them on whether to invest or not.

RBI Lifts Restrictions on ECL Finance and Edelweiss ARC: What It Means for the Industry

Big news from the financial world!

The Reserve Bank of India (RBI) has officially removed the supervisory restrictions on ECL Finance and Edelweiss Asset Reconstruction Company (ARC) with immediate effect.

📌 Backstory:

In May 2024, RBI imposed business restrictions on both entities.
ECL Finance was directed to halt structured transactions related to its wholesale exposure.
Edelweiss ARC was prohibited from acquiring financial assets.
With the removal of these restrictions, both entities are now back in full operational capacity.

💡 Why This Matters:

For the Institutions: This marks a significant step forward in regaining market confidence and operational freedom.
For the Industry: It's a reminder of the importance of compliance, governance, and the regulator’s pivotal role in ensuring market stability.
The lifting of restrictions signals a positive move, but the financial ecosystem must continue to uphold transparency and sound practices.

Finoclub :D

https://thearcweb.com/article/zepto-aadit-palicha-growth-profitability-unit-economics-swiggy-zomato-blinkit-instamart-OfuYCqsNYLT0ADj1

The latest on the Adani saga from the Reuters camp this week. The cracks are starting to show as ratings agencies downgrade Adani companies, Sri Lanka puts its port project under review and Andhra Pradesh mulls cancelling the power purchase agreement. But don't miss the most colourful read on Adani's coveted solar project in Gujarat.

** Betting big on the clean energy goals of Indian Prime Minister Narendra Modi, billionaire Gautam Adani found backers in France's TotalEnergies and the Qatar Investment Authority as he set out to build the world's biggest renewable energy project. The project, a solar energy park in western Gujarat state planned to be five times the size of Paris on completion, is the crown jewel of his company Adani Green which is at the centre of the bribery charges https://bit.ly/3ZmUGvn

** India's Andhra Pradesh state is likely to suspend a power purchase deal linked to Adani Group due to the U.S. indictment of the group's billionaire founder Gautam Adani over an alleged bribery scheme, two state government sources told Reuters https://bit.ly/4fLcFl0

** Adani Group's troubles deepened as multiple credit rating agencies cut their outlook for the Indian conglomerate, whose billionaire founder Gautam Adani has been charged by U.S. authorities over an alleged $265 million bribery scheme. Meanwhile, Adani's projects in one Indian state and Sri Lanka are being put under review https://bit.ly/496DhKU

** TotalEnergies pauses business with Adani, says it was not aware of US investigation. "Until such time when the accusations against the Adani group individuals and their consequences have been clarified, TotalEnergies will not make any new financial contribution as part of its investments in the Adani group of companies," the company said https://bit.ly/3ZomNKV

** Adani presents India with big financing ultimatum. Gautam Adani has put India on the spot. The country’s government may need to nudge local lenders to support the growth of the billionaire’s infrastructure conglomerate after the United States filed criminal charges against him. Such a decision, though, would come at a big cost https://bit.ly/4eTtZDc

** 'Bribe notes' with per megawatt rates: filings detail Sagar Adani's role in Indian scandal https://bit.ly/496sbp5

Two Strategy Notes On Indian Markets

Citi sees NIFTY valuations more reasonable

Sep’25 NIFTY target is 25k – 7% upside from here

See potential H2 recovery in public capex & rural demand are positives

Upgrade Cement to Overweight from Neutral

Add Ramco Cement and switch from Devyani to Jubilant Food in our mid-cap picks

Key Overweight: Financials, Telecom, Pharma

Key Underweight: Consumer Discretionary, IT, Metals

Goldman Sachs expect the NIFTY to reach 27,000 by end 2025, driven by underlying 13%/16% earnings forecasts

Expect the market to remain range-bound over the next 3-months - target 24000 and for a back-loaded recovery as growth picks up

Stay tactically neutral India; Favor select domestics

Raise exporters like Infotech to Overweight and Pharma to Marketweight on stable/improving demand, EPS tailwinds from weaker INR and defensive characteristics

Focus on quality growth, earnings visibility, targeted alpha themes

4 flavours of quality - Strong balance sheets, High earnings visibility, Positive EPS revisions, and Low beta stocks

Preferred medium-term themes include housing, agriculture, defense, tourism and affluent India

https://www.ndtv.com/world-news/donald-trumps-day-1-promise-to-shut-clean-energy-projects-send-stocks-tumbling-6959675

ADDED BAJEL PROJECTS@249 & AFFORDABLE

Volatility in Gold n Silver has jus begun


Don't overtrade or speculate in fomo

Reminder - US elections on 5th November.

Here’s the timeline -

1. Voting day - 5th November, voting till 6 pm

2. Counting of votes - 5th November, after 6 pm

3. Final results - Could take several days, in 2020 it took 4 days

4. Inauguration of new President - 20th January, 2025

Expecting VIX and volatility to be high for the the coming week.

*Ye Diwali Se Agle Diwali Tak* 🪔
*BUYING PPL PHARMA 265 TO 245 TGT 370-610-987*
SL AS PER FIT

⚠️ US imposed sanctions on about 400 entities and individuals, including *04 Indian firms* for helping Russia’s war efforts in Ukraine

🔔 While naming Indian Firms, US State Department statement said that:

🗿 Ascend Aviation India Private Limited “sent over 700 shipments to Russia-based companies” between March 2023 and March 2024. These shipments included over $200,000 worth of CHPL items, such as US-origin aircraft components.

🗿 Mask Trans, an India-based company involved in the supply of over $300,000 worth of CHPL items such as aviation components to Russia-based and U.S.-designated S 7 ENGINEERING LLC from June 2023 to at least April 2024.

🗿 TSMD Global Private Limited, an India-based company shipped at least $430,000 worth of CHPL items to Russia-based companies, including Electron Komponent and the U.S.-designated companies: Limited Liability company VMK, Alfa limited liability company and joint stock company Avtovaz. These shipments, which occurred between July 2023 and March 2024, included U.S.- and EU origin BIS CHPL Tier 1 and 2 items such as electronic integrated circuits, central processing units, and other fixed capacitors.

🗿 Futrevo, an India-based company involved in the supply of over $1.4 million worth of CHPL items such as electronic components to Russia-based and U.S.-designated Limited Liability Company SMT-ILOGIC, the manufacturer of Orlan drones with Russia-based and U.S.-designated Special Technology Center. The shipments were from January 2023 to at least February 2024.

*TWO SETTLMENT PAY IN AND PAYOUT ON 04.11.2024*

*TRADE DONE ON 31.10.24 AND ON 01.11.2024 (Muhurat Trading Session) PAY IN and PAYOUT is on 04th Nov 2024*

*DO NOT SELL SHARES ON 01st NOV 2024 WHICH WAS BOUGHT ON 31st OCT 2024*

BLOCK DEAL ALERT: Torrent Pharma

Promoter to sell upto 2.9% stake via block deal

Base offer size is of 83 Lakh shares or 2.4% stake worth 2500 cr

Greenshoe option for 16.5 lakh shares

Offer floor price is Rs 3022.7 – 6% discount to CMP

Deal size of nearly Rs 3000 cr

Fii + 15508 - 16057 = - 549 Cr
DII + 12824 - 12094= + 730 Cr

Idxfut + 5288 - 4994 = + 294 Cr
Idxopt + 3104786 - 3084670 = + 20116 Cr
Stkfut + 142625 - 139956
= + 2669 Cr
Stkopt + 78032 - 77543
= + 489 Cr

29-10-2024

Ashapura Mine 18% down, Its Chairman found guilty in Mine scam with Congress leader in Karnataka.

Arrest warrant and imprisonment notice issued by Court along with other culprits.

Why Jio, Airtel, or Adani Won’t Touch Vi (Vodafone Idea) Anytime Soon 🙏📛

So, I keep hearing that “Vi will definitely be acquired by Adani, Jio, or Airtel.” But does that really make sense? 🤔 Honestly, I don’t see it happening—and here’s why:

---

1️⃣ Vi’s User Base Just Isn’t That Attractive

Vi has 21.5 crore users, sure, but here’s the catch: 47% are still on 2G! 😳 We’re talking about customers with limited incomes, who probably aren’t lining up to buy expensive international packs or premium add-ons. So for a big player like Jio or Airtel… are they really worth chasing?

---

2️⃣ The User Base Is Shrinking

Let’s face it, Vi’s customers aren’t exactly sticking around either. Those looking for the cheapest plans are already hopping over to Jio or even BSNL. So by the time Vi’s really in trouble (fingers crossed it doesn’t happen), what’s left? Not a whole lot of quality users, that’s for sure. 📉

---

3️⃣ Vi’s Tech Is Basically Outdated

Vi’s infrastructure is like a blast from the past. It’s mostly 2G, 3G, and some 4G (and that’s way behind Airtel and Jio). Plus:

Jio is all about 4G and beyond, with zero interest in 2G tech.
Airtel is just keeping 2G alive for now because they feel obligated—but they’re waiting for the green light to shut it down.

So, the infrastructure Vi has? Not exactly something Airtel or Jio would be dying to take over.

---
4️⃣ Vi’s Debt Load Is Insane

If Vi goes bankrupt, it’s on the hook for ₹2 lakh crore to clear. People say Jio, Airtel, or even Adani would just “buy it at a discount,” but here’s the catch: Spectrum is a national asset. Any buyer would have to cover those commitments.

And even if the banks get nothing, there’s still about ₹1.4 lakh crore owed to the government! Not exactly pocket change. 📛

---

5️⃣ “The Government Will Just Convert Dues Into Equity”... Really?

Some say the government could convert Vi’s dues into equity, then fold it into BSNL. But think about it: Vi owes four times its market cap to the government and banks! FOUR TIMES. Do we really think the government is just going to eat that? With all respect… not happening.

---

So yeah, considering all this, I can’t see Airtel, Jio, or Adani going near Vi anytime soon. Unless the government changes the laws and allows a big cut on spectrum and AGR dues, there’s just no reason for any of these big players to jump in.

Join @thefinoclub

View On Solar Manufacturing

Currently, three key players from the listed space are active: Websol, Waree, and Premier. While these companies are participating, the real focus is on cell and wafer manufacturing, which is the foundation of the solar industry. Websol and Mundra are already active in the cell segment.

Waree is working on bringing 5.4 GW of cell capacity and Premier is aiming for 1.2 GW. However, with China continuing to dominate and potentially flooding the global market with clean energy products, oversupply could become a significant risk, especially for long-term investments.

Government policy changes could further heighten this risk, much like what happened in the chemical industry. As more companies set up large capacities, oversupply may drive down profitability. In my view, only a few players with strong backing from large parent companies—such as Mundra/Adani Solar, Reliance, and Tata-backed firms—are likely to endure the intense competition.

For now, it’s best to enjoy the current momentum.

My take is straightforward: don’t get swept up in the narratives. Ride the market waves, but avoid long-term investments based purely on stories. Focus on companies with solid backing or a clear competitive advantage.

Reliance and HDFC in focus

Waaree
All time record break will happen in all categories
Big HNI 2.75 lakh application (Bajaj 2.45lakh)
Small cross 4 lakh application (Bajaj 3.85)
Retail 75 lakh application cross (Bajaj 69 lakh)

Summary of chat with Waaree Energies' management on their ambitious expansion and IPO Plans 🚀

🟢 Waaree Energies announced its much-anticipated IPO, aiming to raise ₹4,300 cr! They plan to use this to fuel their expansion in the solar energy sector. ☀️

🔋 The funds raised will primarily be used to set up a 5.4 GW cell manufacturing plant. This project is a key step in their goal to increase their capacity to 21 GW by 2025.

🌍 The company is also focusing on a new 1.6 GW facility in the US, set to be operational in the next quarter. This marks a major step in their international growth strategy. 🇺🇸

📈 Managemetn says they are debt-free at the entity level, with a net worth of about ₹4,400 cr. Post-IPO, they’ll be investing ₹3,600 crore into capex and corporate purposes.

🔄 The company aims to increase exports and leverage backward integration, which commands margins which are 300 to 350 basis points better. They see this as a key growth driver in the next 3-5 years.

🏭 Waaree's backward integration plans include ingot and wafer manufacturing, targeting 6 GW capacity to reduce reliance on suppliers and improve cost efficiency.

💡 Despite concerns about potential overcapacity in the industry, Waaree believes that demand will remain strong, with India needing at least 70% of its renewable energy from solar by 2030.

🚀 The long-term vision is clear: Waaree Energies aims to be a global leader in solar technology, with innovative solutions and a commitment to sustainable energy growth.

India-US Drone Deal: Stocks to Watch

The India-US drone deal unlocks massive opportunities in defense and aerospace. Here’s where the action is:

Hindustan Aeronautics Ltd (HAL): Set to benefit directly from manufacturing and servicing.
Bharat Electronics Ltd (BEL): Electronics and components will see increased demand.
Paras Defence: Specialists in drone tech and defense systems.
MTAR Technologies: Involved in high-end precision manufacturing for aerospace and defense.
Data Patterns: A player in electronics, focusing on defense systems.

Watch these stocks closely as they align with the deal’s implementation.

Buy
Thomas cook at : CMP 201
Target 300
SL 180

Nitin gadkaris company making aluminium powder and foil and many things now they are working on hydrogenptoject

Can track mmp

16th Oct -2024 : Prov figs: Rs.crs*

*FIIs: - 3,435 Cr
*DIIs: + 2,256 Cr

Fiis Selling in Oct

1st Oct: -5579 Cr
3rd Oct: -15,243 Cr
4th Oct: -9897 Cr
7th Oct: -8293 Cr
8th Oct: -5730 Cr
9th Oct: -4562 Cr
10th Oct: -4927 Cr
11th Oct: -4,162 Cr
14th Oct: -3732 Cr
15th Oct: -1748 Cr
16th Oct: -3435 Cr

Total Oct= -67,308

*HIGHEST SELLING ON MONTHLY BASIS , PREVIOUS HIGH WAS MARCH 2020 - 65,816 Cr*

Increase in Stamp duty in Maharashtra

RBI MAINTAINS REPO RATE UNCHANGED AT 6.50%

RBI DAS SAYS RBI'S STANDING DEPOSIT FACILITY RATE STANDS AT 6.25% -

RBI GOVERNOR SAYS RBI TO CHANGE POLICY STANCE TO NEUTRAL

RBI DAS SAYS RBI'S STANDING DEPOSIT FACILITY RATE STANDS AT 6.25%

RBI GOVERNOR SAYS MODERATION IN HEADLINE INFLATION EXPECTED TO REVERSE IN SEPT, REMAIN ELEVATED IN NEAR TERM

RBI CHIEF: FOOD INFLATION PRESSURES COULD SEE SOME EASING LATER IN YEAR

RBI GOVERNOR SAYS PRIVATE CONSUMPTION, INVESTMENT GROWING IN TANDEM

RBI GOVERNOR SAYS TO REMAIN UNAMBIGUOUSLY FOCUSED ON DURABLE ALIGNMENT OF INFLATION TO TARGET OF 4%

RBI CHIEF: MANUFACTURING SHOWING SIGNS OF SLOWDOWN

INDIA 10-YR YIELD DROPS 7BPS TO 6.74% AFTER RBI CHANGES STANCE

RBI GOV SAYS INVESTMENT SHARE IN GDP AT HIGHEST LEVEL SINCE 2012/13

RBI GOVERNOR SAYS HIGH FREQUENCY INDICATORS SUGGEST DOMESTIC ECONOMIC ACTIVITY STEADY

RBI GOV SAYS MANUFACTURING ACTIVITY GAINING DUE TO IMPROVING DOMESTIC DEMAND

FWD