The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 
every show 44 of 44
Shenoy: Kotak Was the First Regulated Entity to Beat RBI in Court
“So, but there Kotak displayed a point where he said the first time a regulated entity went to court and won.”
Shenoy: Yes Bank AT1 Bonds Were Completely Written Down to Zero
“Jab yes bank mein trouble hoa, then 80 bonds were written down to zero. To na apko interest milla na principle.”
Shenoy: Indian Small-Cap Earnings Growth Matched Their 3x Valuation Rise
“In the year of the year, the companies, the market cap, two 51 to 500, versus the multiple today, is the same. Matlab, their valuations have gone up three X. Their earnings have gone up three X. That means from 2019 to now, which is roughly five years, three a…”
Shenoy: Indian Stock Trading Volume as a % of GDP Peaked in 2007
“In 2006, if you believe it, as a percentage of GDP, more stocks were traded in 2007 than they are now.”
Shenoy: Regulators Will Eventually Face Pushback From an Honest Entity
“One day, the regulators will go after the wrong person, and the wrong person means they're After an honest person. And that honest person will say, we have remedies.”
Shenoy: Transformation of Air India Under Tata Will Take Decades
“Tata thinks in terms of decades. So you should also expect change will happen in decades.”
Shenoy: Vodafone Idea Is Technically Bankrupt With Negative Equity
“Vodafone is probably because Vodafone is technically bankrupt right now. Its equity is negative.”
Shenoy: DHFL Hit Upper Circuits Despite Resolution Plan Zeroing Equity
“In DHFL, it was written in the resolution plan. This share is going to become zero. We wrote a post that this share is going to be zero. Please don't take it. It was in the upper circuit for four days.”
Shenoy: India Has the World's Cheapest Stock Trading and Payment Systems
“India has the cheapest stock trading in the world, and the cheapest payments systems in the world.”
Shenoy: Zerodha Survived Its First Three Years Using Free NSE Trading Software
“NSE decided to take Omnisis and make it free for all brokers. So for the first four years, Zerodha did not need to build front-end software at all, because they got it free from the exchange, not four years, maybe three years.”
Shenoy: Mandatory Index Fund Selling Drove Jio Financial to Lower Listing Circuits
“Geofinancials is a de-merger from Reliance Industries. Reliance Industries is 10% of India's index. Index funds that hold Reliance Industries got free shares of Geofinancials. Geofinancials will not be in the index. So all these index funds have to sell. The i…”
Shenoy: A 30% market correction will wipe out fintech startup ads
“If there was a 30% correction in the market, none of those ads would be visible. Because none of them will be able to raise capital and these kids, these people will go back down.”
Shenoy: Banks and NBFCs Account for at Most 12% of India's Economy
“Indian economy, the bank is a relatively smaller portion of the overall scheme of things. There may be, 12% at max. And this is banks plus NBFCs put together. It's about 12% of economy. But the index is overrepresented.”
Shenoy: India's Options Trading Market Is Now 500 Times Its 2006 Size
“The options industry today is at least 500 times what it was in 2006, undoubtedly.”
Shenoy: Chinese Workers Blocked Apollo Tyres' Acquisition of Cooper Tire in 2013
“Apollo Tires wanted to buy a company called Cooper Tires in 2015. Cooper Tires biggest plant was in China. They said, you brought Indian. Of course, not in Hindi, but if you bring an Indian, I will not let you enter my factory. They refuse to enter, allow Coop…”
Shenoy: Overvalued markets could surge another 30% before finally crashing
“It could be likely that the markets are overvalued right now, but it's also equally likely markets continue to go up another 30% before they crash because that's the nature of such, such markets that they don't give you this, you know, it is overvalued now, le…”
Shenoy: Nykaa's 18x oversubscription reflects massive 2021 market froth
“Naika got 18 times oversubscribed. It was valued, I think, more than 40% higher than what it was valued in February of this year. And relatively speaking, you know, this is froth.”
Shenoy: 80% of historical Indian teak plantation schemes were scams
“There was a time when teak plantations were the woke. You bought a share of a teak plantation and they would build the teak trees, grow it for 20 years. When the teak grows big, they will make a big amount of money and so on. This entire thing was, you know, a…”
Shenoy: Foreign Investors Own Over 75% of HDFC Bank
“So for instance, more than 75%, I think, of HDFC bank is owned by foreign investors.”
Shenoy: Indian Banks Cannot Lend for Land Acquisition, Unlike NBFCs
“So for instance, HDFC as a NBFC could lend to land. It was one of the largest lenders to land. Banks cannot lend to land.”
Shenoy: HDFC Bank Multiples Contracted From 4x to 2.5x Book Value
“Like, for instance, HDFC bank was trading at 35 times earnings. Now it is trading at 20 times earnings. It was trading at four times book. Now it is trading at two and a half times book. Two and a half times book is also a lot, because SBA is trading at 1.5 ti…”
Shenoy: RBI Borrows to Recapitalize Banks Rather Than Printing Money
“RPA does not print money for the government to put money into banks. The government borrows money Ah, from the banks to effectively put money back into banks.”
Shenoy: Apple and Amazon's Combined Market Cap Exceeds All Indian Listed Companies
“Add Amazon and Apple. The market caps are greater than all of Indian listed companies combined.”
Shenoy: IRCTC skyrocketed from a 3,000-crore IPO to 90,000 crores
“IRCTC, when it came out with an IPO, they said it's a 3000 crore company. This sounds a little expensive. Today it's a 90,000 crore company.”
Shenoy: DMart stock surged from 300 to 4,500 rupees per share
“When it came out, it was 300 rupees per share. Now it's 4500 rupees per share in a matter of two and a half years.”