Wealth Wisdom: Mr. A believed 100% equity creates maximum wealth, while Mr. B followed asset allocation as a shock-absorber — equity for growth, debt for stability, gold for uncertainty and realty for safety. As a result, Mr. B fell less, stayed invested and ended up Rs.3 cr. ahead. Markets test returns, but allocation tests behaviour — get allocation right and wealth follows.
ESAF Small Finance Bank returned to profitability with Q3 net profit of Rs.7.12 cr., aided by better asset quality as GNPA declined to 5.64% and NNPA to 2.73%.
Karur Vysya Bank posted 39% higher Q3 EPS of Rs.7.1 and 25% higher 9M EPS of Rs.18.5, which could lift FY26 EPS to around Rs.24. Stock trades at a forward P/E of 12.2x versus peers at 18x.
Maharashtra Seamless posted Q3 EPS of Rs.18.1 and 9M EPS of Rs.44.7, which could lift FY26 EPS to Rs.65 amid ongoing Rs.850 cr capex. Stock trades at a forward P/E of 7.8x vs. peers at 30.5x.
GSFC posted H1 EPS of Rs.11.5, likely lifting FY26 EPS to Rs.20 from Rs.14.9 in FY25, supported by commissioning of its captive solar project. Stock trades at a forward P/E of 8.6x vs industry average of 28x.
Rama Phosphate posted 300% higher Q3 EPS of Rs.4 and 458% higher 9M EPS of Rs.13.4, which may lead to FY26 EPS of around Rs.18. Stock trades at a forward P/E of 9x vs. the industry average of 28x, with a strong near-term outlook.
Sathlokhar Synergys E&C Global received Class 1A PWD registration and laid the foundation for its PEB factory, to be inaugurated on 30th August 2026.
DEV Information Technology achieved CMMI Maturity Level 5 and won a Rs. 3.18 cr. NICSI order for IFMS 3.0 for the Government of Rajasthan.
India’s growth through whose lens: India is the fastest-growing major economy in rupee terms, but foreign investors assess growth in USD terms. When viewed in dollars, India’s growth premium over the US narrows. Global capital looks beyond headlines, focusing on currency stability, policy predictability and USD-adjusted equity returns. FII flows will return when returns adequately compensate for currency risk.
As per market veterans, recency bias peaks at market tops. The frenzy seen in smallcaps, SMEs, IPOs, defence, railways, solar, chemicals, data centres and new-age tech has faded, with most themes peaking and sliding lower, leaving little room for exits. Currently, base metals, PSU banks and the bullion pack are the only active themes. As per market grapevine, excessive participation turns risky, and the ongoing rush into precious metals warrants caution and a stay-light approach.
For those of you who are serious about having more, doing more, giving more and being more, success is achievable with some understanding of what to do.
