Goodwill Investor Education Eagle’s Eyes – Stock Market Review.

Goodwill  Investor Education Initiative:                  30th Jun 2020

GW Eagle’s Eyes !-Market news: 

Despite Pandemic catastrophe and its economic disorders world over, the resilience of the people  and large has been quite admirable and adorable.  People in India and abroad have adjusted themselves with the prevailing economic aberrations  and are trying to adjust to evolving new norms and slowly pitch themselves and tread the path of  progress and development although the pace has to pick up faster than at present.

The Corporates do present a mixed canvass of performance despite the worst hit consequences of Covid ’19 all over the world.  We talked about the Pharma companies showing a lot of green shoots and they vie with one another to make a debut in the virus vaccine challenge and they hold a promise of  future growth and prosperity.

Another area that has been worst affected during this offensive disaster has been the education sector. Schools, colleges and Universities are shut down indefinitely and the annual examinations have been cancelled or postponed indefinitely and the future of the budding students has become a big question mark. Academicians are at loggerheads and the future looks quite gloomy and depressing.

But the redeeming factor of this tragedy is a lot of innovation taking place in many fields including education wherein too the innovative education technology start up –Byju’s emerges as one of the sought after investor savvy companies .  The valuations of Bengaluru based Byju’s  surges to U S $ 11 Bn ! It is the 2nd most valued start up company in India next only to PayTm. Famed Silicon Valley  investor and analyst Mary Meeker’s bond Capital has recently invested billions and earlier bagged an investment of $ 400 Mn from Tiger Global Management and General Atlantic  this year. This has led to a lot of online courses becoming popular and handy. Byju’s has doubled its revenues from $ 189 Mn (Rs 1430 Cr) in FY 19 to Rs 2800 cr this FY 20. Imagine such a start up has got over 57 million students from all over the world!  It goes on to prove that if one door is closed many other door do open!

While people are cooling their heels at home due to lock down, one another industry reaping the benefits at this testing hours has been the entertainment industry. While Cinema Theatres are shut down the Television and Radio Industry are reaping the benefits. SunTV, Zee Group and FM stations are doing good reach in revenue.FM Radio Mirchi has shown strong Q4 Results.

Other news in the markets are:

LIC IPO – divestment process is being initiated. People wait for its pricing and release. Will it happen this fiscal is a million dollar question.

Online booking Yatra expects 92 % fall in Q1-FY20 as this is one of the worst impacted sectors.

Air India offers 3 working days per week at reduced compensation.

Azim Premji and his wife Yaseem dragged into SC -court case by the erstwhile Retail King Subhiksha Subramanian.

Hinduja Brothers at loggerheads- Ashok Leyland share falls.

Ruchi Soya –an IBC company shares zoom on Patanjali take over, with Rs 35000 cr market capitalization. The shares touched a low of Rs 16.90 but closed at Rs,181 last Friday.

PNB as usual reports Q4 Net loss of Rs 697 cr.

25 % Indians stop payment of Insurance premium-both life and non life.

Axis bank loses S & P’s investment grade rating-BB+ from BBB.

ITC- FMCG major Q4 Net rises 9 % to Rs 3797 cr on FMCG push nut ITC Hotels fare badly.

City Union Bank reports Q4 loss for the first time,

The markets despite small corrections offer positive hopes to the investors and hence keep investing and there would be light at the end of the tunnel soon.

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