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Bond Baba (Unlocked) : HCL Tech accepts 2/3rd of Buyback, a 10% Return in 3 months

The HCL Tech buyback is complete. Out of every 220 shares, 148 shares have been accepted, and the rest will come back to you. This implies an acceptance ratio ...
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Portfolio: A 2 Stock Rejig in the Momentum Monthly Change

We have juggled around two positions for the month of July. Remember, the Momentum portfolio has a rejig once a month, typically the first ...
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Premium: The Aditya Birla Nuvo – Grasim Merger Throws Up An Interesting Business

Today we analyze the Grasim – Aditya Birla Nuvo Merger. There’s a piece in there that we like, but the important lesson here is: They will confuse ...
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Bond Baba: The Buyback on Bonds and How To Tender Them

Earlier this year, we spoke of bonds with put options. In there we spoke of an L&T Bond (N2) that has a buyback option at Rs. 1687 on December 4, 2017, ...
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Portfolio: We Exit Redington and Add A Specialty Tyre Manufacturer To Our Long Term Portfolio

We Exit Redington and Add A Specialty Tyre Manufacturer To Our Long Term ...
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StratoptionsGS: The Open Source Options Analysis Toolkit

Options are complex. And when you do call spreads, or straddles, or in general use more than one position on the same underlying stock, the game plan needs ...
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Portfolio: We Exit A Smartcap From The Long Term Portfolio

Portfolio: We Exit A Smartcap From The Long Term ...
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Macronomics: How Banks Resolve NPAs, And Why You Shouldn't Rush to Buy Bhushan Steel or Ballarpur

In Macro today, we’ll speak a little bit about the problems with the banking system, and how the recent steps to force resolution are likely to impact ...
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The Long Term Portfolio: Summary of FY17 Results

We have a bunch of positions in the Long Term Portfolio and here’s an update on all their results. ...
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Macronomics: Of Risk Weights, Capital Ratios and the Fuelling of another Housing Bubble

The RBI has reduced risk weights on housing loans. This is going to create another housing bubble, primarily because it pushes banks to lend to housing versus ...
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