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Sectors in Focus

Major Corporate Developments This Week

1. Shakti Pumps: Company has received Rs 122.14 Cr order for 3,511 solar pumps from Haryana Renewable Energy Dept.
2. Garden Reach Shipbuilders: Company will sign a 30-year non-renewable lease agreement with Syama Prasad Mookerjee Port, Kolkata for land at Timber Pond, Howrah.
3. Alembic Pharma: Company has commissioned a new manufacturing facility located at Pithampur effective today for manufacturing of formulations.
4. BPCL: Company Unveils New LPG bottling plant coming up at Hathua, Bihar, with a capacity of 180 TMTPA.
5. Dixon Technologies: Company Expands Capacity with Rs 121 Crore Asset Acquisition
6. India Glycols Ltd: Company received a USFDA EIR for its Dehradun plant.
7. Biocon: Company announced that Biocon Biologics received positive opinions from the European Medicines Agency's CHMP for its denosumab biosimilar candidates
8. E2E Networks: Larsen & Toubro acquired 1,22,625 equity shares in the company at an average price of Rs 2,122.42 per share.
9. NTPC Green: Company signs MoU with Honeywell to explore the production of sustainable aviation fuel by conducting feasibility study that leverages Honeywell’s proprietary eFining™ technology.
10. Diamond Power Infrastructure: Company Wins Orders Worth Rs 230 Cr from Rajesh Power Services and Adani Electricity.
11. IOL Chemicals: Company received approval from China's Center for Drug Evaluation (CDE) for 'Ibuprofen'.
12. Pitti Engineering: Company Expanded sheet metal capacity to 90,000 MT, machining to 648,000 machine hours, and casting to 18,600 MT.
13. Indian Hotels: Company and BNW Developments unveil 342 key Taj Wellington Mews in Ras Al-Khaimah.
14. Auto Ancillaries: U.S. is considering on tariff relief for foreign auto component manufacturers exporting to U.S. companies
15. Strides Pharma: Subsidiary in the US has acquired four approved ANDAs for the US market from Nostrum Laboratories Inc., USA.
16. Azad Engineering: New 7,600 sq. meter lean manufacturing facility inaugurated in Tunikibollaram, Hyderabad.
17. Bajaj Finance: The Board approved Bonus issue for 4:1 and stock split 1:2.

TechnoFunda Investing Quote from Legends -

This quote by Jean-Marie Eveillard emphasizes the principle of capital preservation in investing. It highlights that avoiding significant losses is more critical to long-term investment success than chasing high returns. Large losses can be difficult to recover from, as a 50% loss requires a 100% gain just to break even. By focusing on minimizing downside risk and investing with caution and discipline, investors can compound their wealth steadily over time without being derailed by severe drawdowns or emotional decision-making during market volatility.

📚 Book I'm Reading This Week The Alchemy of Finance The Alchemy of Finance by George Soros is a seminal book where he presents his theory of reflexivity, challenging the conventional notion that markets are always rational and self-correcting. Soros argues that market participants don't base decisions purely on reality, but rather on their perceptions—which in turn influence that reality. This feedback loop between perception and fundamentals creates boom-bust cycles and mispricings. The book blends personal memoir with deep philosophical and financial insights, offering readers a unique window into Soros's thought process and the strategies behind his legendary success in the markets.. List of All Books I have Shared →

TechnoFunda 101 - Power Capsules

Learn technical as well as fundamental concept in a simple way

Everyone Wants Wide Moats — But Here’s How to Actually Spot One

Walk into any investor gathering, and you’ll hear the term “wide moat” thrown around like confetti.

👉 “We only invest in wide-moat businesses.”

👉 “This stock has a durable competitive advantage.”

But what does that actually mean?

And more importantly, how do you filter the real wide moats from companies that just sound good in a management presentation or YouTube analysis?

This week, let’s break down the real filters and key numbers that signal whether a company truly has a moat — one that protects returns and compounds wealth over the long term.

🛡️ What is a Wide Moat — Really?

A moat protects a business from competition, just like a literal moat protects a castle.

A wide moat means:

• The business can defend its profits
• Competitors find it hard to attack or copy
• Customers keep coming back
• It has pricing power, loyalty, or cost advantages that are hard to break

But how do you filter for it, beyond just taking someone's word?

✅ The WIDE MOAT FILTER — Questions to Ask Before You Believe the Hype

1. Is the business better than competitors on key fronts?

Don’t just ask if it’s good. Ask — “Is it clearly winning?”

2. Is the moat sustainable — or just temporary luck?

Is the advantage durable over time (e.g., strong brand, distribution edge, regulatory barrier), or is it just a short-term trend (e.g., commodity price tailwind)?

3. Do the numbers back the story?

You need hard proof. Talk is cheap — metrics matter.

4. How has management allocated capital in the past?

Did they reinvest wisely, return capital smartly, avoid diworsification?

5. Are they honest and competent?

Look for integrity, not just intelligence. Check past promises vs delivery.

6. Is there a long runway of growth?

Even the best moat is useless if there’s no market left to capture.

7. Does the company have the capacity to suffer?

Moats get tested in downturns. Can it handle pain to protect the long game (e.g., Amazon’s losses for years, but with a vision)?

📊 Numbers That Signal a Wide Moat Business

To spot a moat, look for consistency in the following metrics:

📌 Important:

• Numbers need to be sustained over time. One year doesn’t prove anything.
• These metrics must be better than competitors in the same industry. That’s how you judge the edge.
• When multiple of these align, it reflects strong execution and management quality — the real moat protectors.

🧠 The Key Insight: Moats Are Proven, Not Claimed

The difference between a real moat and a marketing story is this:

“A true moat reflects in the business outcomes — not in what the CEO says.”

So next time you hear “moat”, run it through this filter.

And remember: Consistency > Storytelling.

🚀 My Content For This Week 🎬 YouTube: How to find Winning Stocks | PEAD Strategy Deep Dive​ ​ 📋 Twitter: Vivek Mashrani, CFA @MashraniVivek Have you ever wondered how successful investors find great opportunities in the stock market? They use something called Mental Models. Think of them as smart tools that help make investing easier. Let’s explore an interesting mental model in investing. A thread….. 5:48 PM • May 3, 2025 0 Retweets 4 Likes Read 11 replies ​ 📷 Instagram: Power-Packed Energy in Chennai! 🚀​ 🔗 Linkedin: Power-Packed Energy in Chennai! 🚀​ ​

🎙️ My Weekly Podcast For You

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Keep Compounding...

Vivek Mashrani, CFA Founder, TechnoFunda Investing

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