Bill Miller beat the S&P 500 for 15 consecutive years by combining value investing, long-term patience and contrarian thinking. His strategy focuses on intrinsic value, free cash flow, margin of safety and exploiting market overreactions while holding stocks until they reach fair value or the investment thesis changes.
Utkarsh Small Finance Bank reported a net loss of Rs 34 crore for the June quarter, marking its fifth consecutive quarterly loss, as elevated asset quality stress continued to weigh on its performance. While the loss narrowed significantly on lower provisions, the lender's gross non-performing assets remained high at 6.1%.
Muthoot Finance reported a 25% year-on-year rise in standalone net profit to Rs 2,550 crore for the June quarter, driven by robust growth in its gold loan business. The company also announced a leadership transition, with Alexander George Muthoot set to take over as managing director from October 1, subject to shareholder approval.
The Indian stock market rallied around 3% over the last week, recouping its early losses despite global volatility. Analysts expect the market's direction in the coming week to hinge on the RBI MPC meeting outcome, oil prices, corporate earnings and other key domestic and global cues.
Assetz Ltd, a prominent Bengaluru-based real estate developer, has embarked on its journey towards an initial public offering by submitting its preliminary documentation. The firm aims to secure around Rs 1,200 crore as it ventures into public markets. With ambitious plans for land acquisition and a keen interest in expanding to the Mumbai Metropolitan Region, this step marks a crucial milestone in Assetz Ltd's growth trajectory.
Investors are becoming more selective about AI-linked stocks, rewarding companies such as Microsoft and Amazon for showing clear returns from their investments while penalising Meta and Alphabet for rising spending and weaker cash flows. Despite strong earnings growth across the US and Europe, European equities have outperformed as gains broaden beyond technology into financials, energy and healthcare.
Trendlyne’s consensus estimates identify 10 BSE large-cap stocks with potential upside of 25% to 37% over the next 12 months. HDFC Bank and HDFC Life lead the list, followed by ICICI Prudential, Axis Bank, Reliance Industries, Swiggy and other prominent names.
In July, foreign investors reversed their selling trend, becoming net buyers of Indian equities for the first time in four months by investing Rs 20,200 crore. This surge is attributed to appealing valuations and stronger corporate earnings. Additionally, foreign capital flowed into the debt market, signaling a shift in interest. The future of these investments hinges on both global market conditions and domestic economic indicators.
MF Performance
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