We are delighted to share some exciting news from Moat Financial Services and UpperCrust Wealth! Our three Portfolio Management Services (PMS) strategies have climbed into the top 10 rankings for May 2024. 🚀 This remarkable achievement is a testament to the trust and support of our incredible clients, and we couldn’t be more proud.

When we started this journey, our goal was to provide unparalleled financial services, combining expertise with a deep commitment to our clients’ success. Achieving top 10 rankings is not just a milestone; it’s a reflection of our continuous pursuit of excellence and innovation. Our clients’ confidence in us has been the driving force behind this success. Your unwavering trust has allowed us to implement bold strategies and navigate the complexities of the financial markets with agility and foresight.

This accomplishment is a shared victory. We are deeply grateful for your partnership and the belief you have shown in our team. It inspires us to work even harder, ensuring that we continue to deliver top-tier performance and exceed your expectations.

Looking ahead, we are excited about the future. We remain committed to pushing boundaries, setting new benchmarks, and exploring new opportunities to grow and succeed together. Here’s to reaching new heights and achieving even greater successes in the future!

Thank you for being an essential part of our journey.

IT SECTOR

India’s technology industry revenue is estimated to be $245 Bn in FY 2023. Technology exports at $194 Bn (80%) and domestic revenue is $51 Bn (20%).

TOP COMPANIES UNDER IT

• The total revenue of TCS is 2,25,458 Cr out of which 4.8% is from the domestic market and 94.8% from the international market.
• The total revenue of Infosys is 1,46,767 Cr out of which 2.6% is from the domestic market and 97.4% from the international market.
• The total revenue of HCL Technologies is 1,01,456Cr out of which 3.9% is from the domestic market and 96.1% from the international market.
• The total revenue of Wipro is 90,488 Cr out of which 2% is from the domestic market and 98% from the international market.
• The total revenue of Tech Mahindra is 53,290 Cr out of which 2.5% is from the domestic market and 97.5% from the international market.

PHARMA SECTOR

The annual turnover is 41billion out of which 61.6% is exported (25.3bn) and the domestic share is 74.7%.

TOP COMPANIES UNDER PHARMA

• The total revenue of Sun Pharma is 43,886 Cr out of which 32% is from the domestic market and 68% from the international market.
• The total revenue of Cipla is 22,753 Cr out of which 43.4% is from the domestic market and 56.6% from the international market.
• The total revenue of Dr. Reddy’s Laboratories 24,670 is Cr out of which 20% is from the domestic market and 80% from the international market.
• The total revenue of Divi’s Laboratories is 7,768 is Cr out of which 12.5% is from the domestic market and 87.5% from the international market.
• The total revenue of Apollo Hospital is 37,495 Cr out of which 77.9% is from the domestic market and 22.1% from the international market.

Depreciation (-)/Appreciation (+) of Indian Rupee against US Dollar: (last 5 years)

2018-19: 4.2%

2019-20: -8.46%

2020-2: 3.32%

2021-22: -3.53%

FY 23 till July: -4.60%

With the depreciation of the Rupee, exports become cheaper and more profitable for the domestic exporter. Therefore, companies relying majorly on exports (IT, pharma) will benefit from rupee depreciation. This may convert into a rise in their share prices in the stock market. Therefore, we remain bullish on the IT and Pharma sector.

Embrace the journey from the fear of missing out to the pinnacle of Financial Freedom by taking decisive action today with Moat Financial Services Private Ltd. Our diligently made investment fund presents a thriving opportunity to assure your financial future. As markets evolve and opportunities arise, delaying your investment can lose out on the potential gains that pave the way for lifelong prosperity. We are always ahead of the market, and here, we give an instance of the stock of Jupiter Wagons Ltd. Based on our anticipation, we bought the stocks on 7th October 2022 and are still holding to get better returns on these stocks. The following section highlights the significant decisions the JWL took in this time frame to give us an exceptional return of 185%.

• 18th October 2022: acquisition of Stone India Ltd adds a new strategic element and helps in both backward and forward integration.
• 12th January 2023: JWL launches two e-LCV to the market and plans to undertake end-to-end production in India and establish service facilities in key markets, in order to expand into the aftersales requirements for a seamless customer experience.
• 14th February 2023: JWL launches the Q3FY23, where the revenues are higher by 116% at Rs. 64443 lacks, and PAT increased by 407% to Rs. 4638 lakhs.
• 15th May 2023: JWL successfully raised Rs. 125 crores via Qualified Institutional Placement, which will be used for the company’s growth and to enhance its manufacturing facilities.

Our right action at the right time has increased the returns of our portfolio. Why overthink? invest in Moat Financial Services Ltd and stay ahead in the market.

India’s retail inflation reading for February’23 yet again was above the RBI upper tolerance range. The headline inflation prints for the month came in at 6.4% (YoY). On a sequential basis, retail inflation rose 0.2% as against the 0.5% increase of the preceding month.

While there has been a broad-based increase in prices across the various segments of the consumer prices index (CPI) in February’23 from a year ago, the driver of overall headline inflation remained the food and services segment. Core inflation remained sticky above 6%, indicative of the pervasive nature of price pressures. This also reflects the price rises being undertaken by various service providers. Core inflation has been around/ above the RBI target range for overall inflation (6%) since May’21.

Rural and urban inflation inched up in February ’23 on an annual and monthly basis. However, rural inflation continued to rule above urban inflation. Point to point rate of inflation based on the CPI-AL and CPI-RL stood at 6.94% & 6.87% in February 2023 compared to 6.85% & 6.88% respectively in January 2023 and 5.59% and 5.94% respectively during the corresponding month of previous year. Similarly, the Food inflation stood at 6.82% & 6.68% in February 2023 compared to 6.61% & 6.47% respectively in January 2023 and 4.48% & 4.45% respectively during the corresponding month of the previous year.

Moving forward, the inflation trajectory largely depends on the prices of domestic commodities like vegetables, cereals, spices, etc. Earlier, the RBI had blamed the effects of the pandemic, the geopolitical conflict, and the weakness in the Indian rupee manifesting in the demand-supply mismatch of goods and services, leading to downside risks to growth.

India’s economic activity has continued to remain stable and its positioned relatively better than most economies despite the prevailing global uncertainties. The stability in India’s growth momentum can be validated by certain high-frequency indicators that have not only recorded higher annualized growth rates but have also been registering sequential improvements.

Even as global growth is set to weaken or enter into recession in 2023, the Indian economy may not slow down and is likely to maintain the pace of expansion witnessed in 2022-23

The growth so far has been supported by healthy private consumption amid pent-up demand, alongside a faster resumption in contact-intensive services sectors and the government’s continued thrust on capital expenditure. While this momentum is expected to sustain, the gradual waning of the pent-up demand, the sluggish pace of private capex recovery, unfavorable weather ahead of the rabi harvest season along with continued financial tightening could serve as potential risk factors from the domestic perspective.

Currently available forecasts of the country’s real GDP growth for 2023-24, including those of the RBI, settle between 6 and 6.5 percent. India’s real GDP can go up from Rs 159.7 lakh crore in 2022-23 to Rs 169.7 lakh crore in 2023- 24 as it is currently being projected.

Globally, while bouts of high volatility persist, overall growth prospects have turned out to be stronger than earlier anticipated. Nevertheless, still elevated inflationary pressures and expectations of higher interest rates for longer could impact global growth and thereby weighing down India’s growth trajectory.