Ambit Capital

Global funds may invest $25 bn a year in Indian infra, says Ambit Capital

Ambit Capital MD Rahul Mody cited investment infrastructure trusts, known as InvITs, as a type of vehicle that has attracted global funds

Saurabh Mukherjea settles insider trading case with Sebi, pays Rs 1.38 cr

Analyst and money manager allegedly procured price-sensitive information from senior officials of Mannapuram Finance in 2013

Hard to see participants increasing exposure to mid-caps: Ambit Capital MD

'Globally, the biggest risk emerges from the continued tightening of liquidity by central banks, primarily US Fed which is on a retreat from its quantitative at a time when the US deficit is rising'

Worst buy and sell calls of Ambit Capital in the last 12 months

Here is a quick compilation Ambit's self-assessment of the last 12 months.

India's Bull market has entered final lap, says Ambit Capital

The benchmark Sensex gained 28% in 2017. So far this month, it has risen another 5%

Sticking to smaller companies can be more fruitful

Over 1991-2017, the median PE for the bottom-decile has increased from 13.6 PE in 1991 to 29.6 PE in 2017

Current valuations don't reflect underlying economic reality: Ambit Capital

Interview with Saurabh Mukherjea, chief executive officer, and Prashant Mittal, strategist, at Ambit Capital

L&T, Britannia, Bajaj Finance: Ambit Capital's super bloopers

Also got demonetisation impact assessment wrong, says its CEO, Saurabh Mukherjea

Politically connected companies don't deliver: Ambit Capital

A study by Ambit Capital concludes that companies enjoying a political nexus seldom make handsome gains for investors.It says if a fund manager is mandated to deliver returns over a short time frame, staying away from politically-linked stocks is a sure way to boost risk-adjusted returns.Its P-75 index, a subset of BSE 500 stocks, conceptualised in 2009, comprises 75 companies whose core competitive advantage by its assessment is on account of 'political connectivity'. "We have repeatedly used the index as a barometer for how much those in power in the country want to help certain corporates," state Ritika Mankar Mukherjee and Aditi Singh, authors of the report.According to them, the P-75 index has severely underperformed the broader market across time horizons, whether a year, three years or five years. "The spread between median returns for the BSE 500 and P-75 index is widest for the one-year horizon, at 19 percentage points," their report adds.The other interesting point in the ...