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📈 Market Kya Lagta Hai
Nifty 50 🔻-1.15%
Midcap 150 🔻-1.53%
Smallcap 250 🔻-0.66%
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Sectors in Focus
Major Corporate Developments This Week
- Glenmark: Company Subsidiary IGI has signed a $ 700 million global licensing deal with AbbVie for its oncology asset ISB 2001.
- Uno Minda: Company Keen to Produce Rare Earth Magnets.
- Petronet Lng: Company Signs Rs 1,200 Crore Regasification Deal with Deepak Fertilisers’ Unit Pcl for 5.5 Years
- Lemon Tree: Company signed two new properties in Maharashtra.
- Oil downstream stocks: Oil Prices Fall Under $67 Due to Trade War Fears and Decreased Demand.
- Maxposure Ltd: Company partners with Garuda Indonesia to launch its AeroHub battery-powered inflight entertainment system on a Boeing 737 aircraft.
- PDS Sourcing Limited: Company acquired a 60% equity stake in GSC Link Limited (GSCL).
- Puravankara: Company selected to redevelop 8 societies in Chembur, Mumbai; GDV worth ₹2,100 crores.
- Ashapura Mine: Company has resolves tax dispute and restores ₹259.20 crore losses.
- Seamec: Company announced the extension of the contract period for charter hire of Vessel SEAMEC II.
- Epack Durable: Company has begun the commercial production of washing machines at its Andhra Pradesh plant
- Bajel Projects: Company plans a capacity expansion at its Ranjangaon facility. The galvanization capacity will increase from 40,500 MT per annum to 110,000 MT.
- Happiest Minds Technologies: Co unit launches FuzionX Gaming Studio to redefine B2B casino gaming services and solutions
- Sobha: Company delivered a historic quarter, achieving its highest-ever quarterly real estate sales value of rupees 20.79b.
- Eureka Forbes: Company partners with Dixon Technologies to enhance its manufacturing capabilities.
- Jio Fin: Jio BlackRock raises over ₹17,800 crore in maiden mutual fund offer
- Mahindra Lifespace: Company Launches New Residential Tower at Mahindra Citadel, Pune with a Gross Development Value of Rs 2500 Cr.
- Affle 3i: Company Secures 14th Patent in India for Ai-Based Ad Fraud Detection System, the Newly Granted Patent
- NACL: CCI Approves Coromandel’s Majority Stake Acquisition in NACL Industries.
- Hazoor Multi: Company received Rs 913 crore order for a 200 MW solar PV power project in Gujarat.
- Suraksha Diagnostic: Company launched its state-of-the-art genomics lab in Eastern India.
- Shilpa Medicare: ANVISA completes GMP inspection of arm Shilpa Pharma Lifesciences & concludes with no major observations.
TechnoFunda Investing Quote from Legends -
This quote by Robert Olstein highlights the paradox that trying to achieve consistent, flawless performance in investing can actually hinder long-term success. Investors who constantly chase short-term gains or feel pressured to always "win" may take unnecessary risks, overtrade, or abandon sound strategies during market volatility. True long-term performance comes from patience, discipline, and accepting that periods of underperformance are inevitable—and often necessary—for achieving superior results over time.
📚 Book I'm Reading This Week
The Zurich Axioms is a classic book on speculation and risk-taking in financial markets, based on the strategies of Swiss bankers. It presents 12 major axioms and 16 minor ones that challenge conventional investment wisdom, encouraging boldness, calculated risk-taking, and emotional discipline. Instead of promoting diversification or long-term holding, the book emphasizes seizing opportunities, cutting losses early, and avoiding overconfidence—making it a thought-provoking guide for traders and investors willing to embrace uncertainty in pursuit of profit.
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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 Weekly Podcast For You
Keep Compounding...
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Vivek Mashrani, CFA
Founder, TechnoFunda Investing
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