TradeLogs IND

Infosys - OPEN MARKET Buyback Approved Buyback Price : 1,750/- Last Close Price : 1,397/- Buyback Size (in ₹) : 9,200 Crore Buyback Size (in Shares) : 5,25,71,428 shares

Infy to consider buyback on 14th

Apparently, Lodha group hired some marketing team and did sponsored (read paid) tweets from thousands of Twitter handles to trend their IPO (#Lodha_IPO) on the last day of subscription on Twitter India. Lol.

Macrotech Developers (Lodha Developers) IPO is now the least subscribed IPO of 2021 xD

Poor response to Macrotech Developers (Lodha) IPO as of 1PM on the last day. GMP was 20-25Rs (4-5%) as of yesterday. It is better to skip this one.

From job listings on Naukri.com, we saw the highest ever hiring for IT Services - up 33% QoQ. *Around 88% of IT recruiters have confirmed that new jobs will be created in the coming, few months*. This is a clear indicator that IT co are seeing good visibility on the client's side.

Smallcase up 44% against Nifty 23% Chemicals are outperforming as expected 👍

RBI keeps repo rate unchanged at 4%, reverse repo rate at 3.35%.

RBI keeps repo rate unchanged.

📜 There is a chance of Lockdown (probably after 2nd may) because of 2nd wave of Covid19. So make sure you have enough cash reserve. In case we see another sell off due to lockdown then there will be a lot of good buying opportunities.

📊 NIFTY50: Nifty is about to print a broadening wedge pattern, 15173 is short term target and breakout level is 15200. If price starts to go above 15200 then breakout target of this pattern is 16150

Additional info - Nifty YTD (1 Jan 2021 - 1 April 2021) returns - 6.06% Mirae Asset Focused Fund YTD returns - 11.24% Mirae Asset Tax Saver Fund YTD returns - 11.50% Both these funds have handsomely beaten and have a lesser drawdown compared to the index since their inception.

If you are a fan of Mirae Emerging Bluechip fund but could not invest more than 2500 per month due to the limit, you can look into Mirae Focused or Mirae Tax saver funds. Generally stock analysis is done on AMC level, hence you would see overlap between different fund of same AMC. Note : Mirae Emerging Bluechip and Mirae Tax Saver has same fund manager as well. Tax saver would have 3 yrs lock in period (but who would want to invest in equity for less than 3 yrs )

Prize vs Cost of Admission, US Stock Markets In long term investing, patience is the key 😉

Mirae Asset launches NYSE FANG+ ETF & FOF. NFO open from Apr 19-May 3. The ETF is based on the NYSE FANG+ Index, that provides exposure to 10 of today’s highly-traded tech giants. The Index has returned a 34.26% cagr from 2014-21, vs 21.09% for the NASDAQ-100.

Unrelated but more importantly, all monetary interest in the world we live in will tend to 0, whenever it is done otherwise, market will crash, but whenever market actually crashes, you have to infuse liquidity, so more money supply happen, which can’t be sucked out because interest rates need to trend downwards. In other words, the world will always have more and more net liquidity tomorrow than today on an average, which will without a doubt always lead to inflation, the only way to beat it would be to not put your money in the bank, but in the stocks of growing companies because only growing companies can benefit from a world interest rates are long term reducing to 0. This is a single long sentence explain almost all monetary market mechanisms on earth, India included. Why? Because this is not in the hands of the government anymore. Governments have increasingly less and less power to decide these things because they are not able to create demand in the economy as share of positive jobs owned by government is decreasing significantly worldwide as is government’s power to be a big consumer, it is just an entity overseeing transactions, in short they have no control over demand, they can however control supply - Interest is the control of supply of money, but since demand is not controlled, interest can therefore go only one way, that is in favour of the markets, which are businesses, therefore lowering interest rates but unable to get them up ever or if, than never for too long. This understanding is not new, it was already known that changing money supply is what causes boom and bust cycles, but what has changed since that understanding almost 100 years ago, is the fact that governments today has an ever decreasing real control over the demand side of the economy. Added to give even more context: Inflation, very ironically, is also, the only way to reduce poverty and redistributing wealth, but it redistributes wealth of the saving middle class more rather than the investing, share owning, business owning upper class. After reading all this, you will again realise what I keep saying: There are only 3 ways to gain wealth, public equities, private equity as startup founders, or private equity as startup equity holders. In other words, the only way to make money in the world is to be a shareholder of companies that cater to inflationary demand by producing more goods and services efficiently and adjust to supply side of money by raising prices. You don’t have a choice because economics doesn’t give you one. Companies > countries, increasingly more so every day.