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ICICI Bank reports 35% drop in EPS/Net Profit

ICICI Bank’s Q4 results are out. Net profit is 744 cr. versus 1150 cr., a 35% drop, and EPS dropped from 10.27 to 6.68. The consolidated Annual EPS is ...

Real Estate: Debt Load Immense

From LiveMint: Real Estate cos headed for a debt trap? People familiar with the developments say DLF’s debt is around Rs15,000 crore. On an average, the ...

SoS trades: Exit Short Calls, Short HDFC Some More

Time to book some profits and add to the (virtual) short only strategy. Three things to do: Exit Nifty call. Thats about 35K of return on a 14L exposure, which ...

Deficit funding – Using the PSU share pool

So Bond yields are at serious (recent) highs – 6.83% and counting. So the government is unlikely to get a huge bond sale through – but that is a ...

SoS: Rollovers, Changes

For the Short-Only Strategy, a pretty big rollover this time but I’ve not had to update the sheet. A number of lot sizes have changed as well, must ...

SBI's "Teaser" rates

SBI offers home loans for a year at 8%: In a move that may trigger a rate war, State Bank of India on Sunday said it would charge 8 per cent interest on new ...

Tata Capital NCDs: High "Construction Equipment" Loans

Tata Capital is advertising its new issue of Non Convertible Debentures heavily. Basic data: Issue size: 500 cr. (lower end) to 1500 cr. (upper end). Dates: ...

Gilt yields go to 6.48%, a new low [on Price]

The 10 year, 2018 bond ended at a yield of 6.48%, which is a new recent low in the price (111.6). Reasons, they say, is that the government needs to borrow a ...

SoS: Add Zee, Pantaloon, Reliance and Rollovers

Some changes to the Short only Strategy. First, time to rollover. So all stocks roll into Feb, but certain quantities change. ICICI Bank: I’ve halved the ...

SoS: Add Lots, and A Holiday In Store

SO I’m off for a four day holiday. Meanwhile, why not stay short? So additions to the SoS are HDFC, Unitech, Cairn and good ole ICICI Bank. The market ...