Below the Quote on Budget by Suman Bannerjee, CIO, Hedonova
The Union Budget 2024, while aiming to balance growth and equity, presents a complex mix of policies with varied impacts. The revised income tax slabs, offering relief for the middle class, are countered by significant changes in capital gains taxation. Short-term capital gains tax has been increased to 20%, and long-term capital gains tax is now 12.5% for specific assets, potentially discouraging investment. Addit...
Quote on Budget by Suman Bannerjee, CIO, Hedonova
Below the Quote on the Sensex crossing 75000 mark by Suman Bannerjee, CIO, Hedonova
The benchmark index Sensex reached a historic milestone, surpassing the 75,000 level for the first time. The Sensex has gained the last 5,000 points from 70,000 to 75,000 in less than 80 sessions, or under four months, since crossing the 70,000 mark on December 14, 2023. This upward trajectory has been underpinned by robust sectors such as capital goods, automobiles, banking, and metals. Nota...
Quote on the Sensex crossing 75000 mark by Suman Bannerjee, CIO, Hedonova
Below the quote on Monetary Policy Reaction by Suman Bannerjee, CIO, Hedonova, a Paris based Hedge fund,
The Reserve Bank of India's decision to maintain the repo rate at 6.5 percent, as announced by Governor Shaktikanta Das, reflects a cautious yet steady approach towards India's economic management. This sixth consecutive hold, following the Interim Budget announcement, underscores the MPC's commitment to carefully navigating the balance between fostering economic growth...
Monetary Policy Reaction by Suman Bannerjee, CIO, Hedonova, a Paris based Hedge Fund
Below the Quote on IPO listings by Suman Bannerjee, CIO, Hedonova
Motisons Jewellers, although launching at a 98% premium, seems to warrant caution in our view, given its challenges such as underperformance and dependence on third-party suppliers. Suraj Estate Developers, despite listing at a 6% discount, presents a viable hold opportunity for medium to long-term investors, backed by steady growth and its niche in regulation 33(7) of DCPR. Muthoot Microfin Ltd, also listing at a ...
Quote on IPO listings by Suman Bannerjee, CIO, Hedonova
