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📈 Market Kya Lagta Hai
Nifty 50 ⬆️ +0.47%
Midcap 150 🔻 -0.64%
Smallcap 250🔻-0.58%
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Sectors in Focus
Major Corporate Developments This Week
- Jain Irrigation: Company has secured a major order for 5438 units of Solar Water Pumps under PM - KUSUM Yojana worth of Rs 135 crore.
- HEG: Company and Tacc Sign Agreement with Crri for Pavements with Graphene Improvements.
- Shilpa Medicare: Company has approved the issue of bonus shares in a 1:1 ratio
- Jupiter Wagons: Company to launch two new electric vehicles in FY26, keeps revenue guidance intact.
- Pharma Companies: Trump orders creation of a Strategic API Reserve to stockpile ingredients for 26 critical drugs
- BEML: Company has received an order worth Rs 1,888 crore from the Integral Coach Factory for the manufacture and supply of fully functional LHB coaches.
- United Breweries: Company has launched its premium beer, Amstel Grande, in Goa.
- Senores Pharma: Company’s US-based subsidiary will acquire two products of US FDA-approved Abbreviated New Drug Applications from Teva Pharmaceuticals USA
- HUL: Company has approved the demerger of the ice cream business, Kwality Wall's, into a separate listed entity.
- GIPCL: Company has been awarded contracts worth Rs 2,025 crore for re-handling of Overburden dump and Lignite.
- Thermax: Company has partnered with HydrogenPro ASA to indigenize alkaline water electrolysis solutions for large-scale green hydrogen projects
- Epack durable: Company eyes multi-category expansion, Hisense partnership & high backward integration to drive leadership; manufacturing scale-up, and product diversification to fuel long-term growth
- Kansai nerolac paints: Company approved the merger of its wholly owned subsidiary Nerofix pvt. Ltd.
- HAL: Company Speeds Up Delivery of US-Made F404 Engines for Tejas MK-1A Fighters and Is Finalizing A New Order.
- IFB industries: Company targets premium appliance growth, engineering diversification & export push; focus on automation, energy-efficient designs, and new manufacturing capacity to lift margins & market share
- India glycols: Company leverages green chemistry & backward integration to drive high-margin speciality chemicals, premium spirits, and nutraceuticals growth; capacity expansions & esg edge to boost exports and profitability.
- JM financial: Company targets Rs. 25,000+ cr aum in alternatives, expands retail mortgages & capital markets business; strong balance sheet and digital push to drive sustainable multi-segment growth.
- Pfizer: Company has launched its 20-valent pneumococcal conjugate vaccine (PCV20) for adults in India.
- L&T: Co wins ultra mega contract. Ultra mega contract values more than 15,000 cr rupees.
TechnoFunda Investing Quote from Legends -
This quote by Ben Graham emphasizes that successful investing is less about outsmarting others in the market and more about mastering your own emotions, discipline, and decision-making. Markets are unpredictable and driven by collective behavior, but your success hinges on how well you manage fear, greed, impatience, and overconfidence. Rather than constantly chasing returns or comparing yourself to others, focus on sticking to a sound strategy, staying rational, and making decisions aligned with your long-term goals. In essence, investing is a psychological game — and the biggest opponent is often yourself.
📚 Book I'm Reading This Week
Buffett and Munger Unscripted offers a rare and insightful look into the minds of two of the greatest investors of all time — Warren Buffett and Charlie Munger. Drawing from decades of their candid conversations, shareholder meetings, and off-the-cuff remarks, the book captures their wit, wisdom, and unfiltered thoughts on investing, business, decision-making, and life. It’s a treasure trove of timeless principles and mental models delivered in their signature straightforward and often humorous style, making it both educational and deeply engaging for investors at any stage.
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TechnoFunda 101 - Power Capsules
Learn technical as well as fundamental concept in a simple way
Why a Process Is More Important Than a Hot Stock Pick
Investors often ask:
“What’s the next multibagger?”
But rarely do they ask:
“What’s my process for consistently finding and holding great businesses?”
In this week’s edition, we focus not on returns — but what drives them. And the answer isn’t a formula or a secret stock tip.
It’s a disciplined process.
Here’s why:
🧠 Process > Outcome: A Simple but Powerful Truth
A process is a repeatable, thought-through framework that helps investors:
- Filter decisions objectively
- Avoid emotional reactions
- Navigate different market cycles with clarity
- Reduce decision fatigue and inconsistency
“If the process is full-proof, the outcome will be rewarding.” You don’t control short-term results — but you do control your approach.
⚖️ Is There One “Correct” Process?
No — and that’s the beauty of it.
Some investors focus on compounders, others on cyclical turnarounds. Some are data-driven, some are qualitative thinkers. The common thread isn’t the style — it’s having a clear, consistent method and sticking to it.
Building your own process means choosing:
Your process is personal. It evolves with time, mistakes, mentors, and market cycles.
🌱 The Bamboo Tree Analogy: Why Returns Often Lag Process
The Chinese bamboo tree offers a powerful metaphor: it takes years of unseen root-building before experiencing a sudden, explosive growth spurt. Similarly, a solid investing process may take years to show visible “returns” — especially while navigating early mistakes. But once the system is internalized, returns can accelerate, often following a hockey-stick or J-curve trajectory
📉 The Cost of No Process? Inconsistent Results & Big Mistakes
Without a process, investors rely on tips, instincts, or trends. That leads to:
- Inconsistent returns
- Overconfidence during lucky streaks
- Large drawdowns during cycles
- Emotional churn and poor portfolio hygiene
As James Montier notes in The Little Book of Behavioural Investing:
"Dumb luck can work for a while. But only a process leads to consistent success."
📈 Compounding Happens When a Good Process Meets Discipline
A portfolio with fewer mistakes and consistent 15–20% compounding will far outperform a volatile one with boom-bust cycles.
That’s because:
- Avoiding losses protects capital
- Avoiding stress protects decision-making clarity
- Long-term compounding rewards patience and process
🎯 Key Takeaway
You don’t need perfect foresight. You need a process.
A process built on sound logic, tested through cycles, and implemented with discipline.
As Martina Navratilova said:
“The game is played on a 6-inch field — the space between your ears.”
In investing, clarity of mind + clarity of process = long-term peace and performance.
🎙️ My Weekly Podcast For You
Keep Compounding...
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Vivek Mashrani, CFA
Founder, TechnoFunda Investing
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