Snapshots That Wow!

Glued to the screen!

YouTube in India earns over 14,000 crores in revenue from streaming with over 46.2cr unique visitors (about 2 per household in india!)

Source: Economic Times

Life goes on

Rising geopolitical conflict in the Middle East substantially rerouted trade shipments away from the Suez Canal – another example of how today’s heightened geopolitical risk is reshaping economic activity.

Source: BlackRock

The rise of Nano!

Tata’s nano may not have taken off as expected, but the advent of nanocap investing in India has caught the attention of institutions as well now. Versus just three years ago, DIIs now own 3% vs. 0.2% in June 2021 and FPIs 2.3% vs. almost nothing in June 2021.

Source: Economic Times

Dard e stockpicking!

The veil of indices hides the pain in an Indian stockpickers portfolio. The median large cap stock is down 20%+ vs. 10% on the index. The median microcap is down almost 37% vs. 6% for the index!

Source: Capitalmind

(I)ndian (P)arty (O)ngoing

2024 has been nothing less than a stellar year for investment bankers in India with the highest share (30%) of IPOs of anywhere in the world.

Even in terms of the absolute amount raised India came in second at 12% of all IPO proceeds globally despite just having a 4.2% share in the global market capitalisation!

Source: 360One Asset Research

Sunrises on topline, sets on bottomline

Scale of Chinese Solar Companies is Unimaginable with Longi being larger than all Indian companies combined.

Despite the 38% revenue CAGR over the last 5 years, Chinese companies have seen weak realizations due to overcapacity. This has forced them to sell below production cost, leading to major losses in CY2024.

Source: Kotak Institutional Equities