Check Out CA Arman Nahar's LinkedIn Stats (Last 30 Days)

Reader vs Analyst Search: FADA FY25 data Reader: FADA FY25 data shows 6.46% growth led by rural demand. Analyst: FY23 FADA release -Rural India is Still bearing the burden of High inflationary cost FY24 FADA release -Rural market recovery from Covid FY25 FADA release -Key highlight was strong performance in rural areas Not strong but outperformance In FY25 (YoY growth) Segment Rural Urban 2W 8.4% 6.8% 3W 8.7% 0.3% PV 7.9% 3.1% Key pointer to highlight (FADA rural urban growth i could see from July 2024) -From July 2024 to Feb 2025 i.e. for 8 straight month Rural Growth in Passenger Vehicle segment has been higher than Urban growth -After 8 months of Outperformance Rural growth in PV came slightly below Urban growth in March 2025 Conclusion -PV is high end aspirational expenditure and if that is doing well in Rural says clear strength in Rural! Together we learn🙏 #Sharemarket #Equityresearch #CA #CFA #Students #Financialmodelling

All been happening around Lets just have an idea of Make is USA Manufacturing Labour cost per hour (in $) USA : 35/40 EU : 32/34 China: 6/7 India : 1.5/2 On an Average in USA to start operations -For Mid Sized operations: 1/2 year -For large scale facility : 3/5 year Add the prespective of per unit of electricity costing (Industrial) USA: $0.079 per kWh EU :$0.197 per kWh China: $0.09 per kWh India : $0.10 per kWh So Electricity cost for Industrial need is just offering 10-20% discount no worthy enough to offer big advantage And Labour and Electricity are two most important cost! What about Land? Industrail land cost per square foot US: $5/$15 EU: $10/$30 China: $3/$10 India: $2/$8 -So Labour is way costlier -Electricity now way cheap nearly at PAR -Industrial Land cost higher! Any big capex by any big company: -By the time you are going to start commercial operations USA will be due for elections! When we see the above data -Only logical conclusion we could reach is Tarriffs are just *Negotiation Tool* So much would be at stake for companies to out of sudden start manufacturing in USA! Add the perspective Have to hire local employees and if sell locally cost per unit would be much high & hence Selling price Selling for global market? My cost of production will be very high will i be competitive globally? Interesting Times! Together we learn🙏 #Sharemarket #Students #CA #CFA

Significant Domestic Slowdown? Updates which give clear idea of no significant Slowdown in Domestic market Maruti Suzuki -Maruti Suzki Domestic 4W sales although in March 2025 YoY down 1.3% and overall FY25 numbers flat -March 25/FY25 numbers are higher both compared to March 24/23 and FY24/FY23 numbers. ……… M&M Tractor domestic Numbers -In March 25/FY25 up YoY -Compared to March 23 although slightly down 3.1% but up 4.5% YoY compared to FY23 numbers -Compared to March 2022/FY22 numbers up YoY …………. V2 Retail -Same Store Sales growth of 24% in Q4FY25 ……….. Baazar Style -Same Store Sales growth of 20% in Q4FY25 ……. V-Mart -Q4FY25 Same Store Sales growth 8% ……… Marico Marico in Q4FY24 press release -We expect consolidated revenue growth to trend upwards Q4FY25 -We expect to maintain the double-digit revenue growth momentum in FY26 In Commentry key differences in Q4FY25 is clear conviction on growth in revenue and stating double-digit Revenue growth ……….. Dabur India Q4FY25 update -Rural Continues to be resilient and grew ahead of urban market -E-commerce/Quick commerce maintained growth momentum but General Trade continue to be under pressure -Overall FMCG trend Continues to be subdued -Recent union budget will stimulate consumption and facilitate a recovery in FMCG …………. Defence side Big orders HAL -Government nod for 62700cr largest order ever received by HAL Conclusion -Domestic economy/Demand is clearly not indicating a significant slowdown -Rural is performing better than urban Together we learn🙏 #Sharemarket #Equityresearch #Students #CA #CFA

Retail stocks and Defence stocks clear domestic demand Will be clear differentiated! Together we learn🙏 #sharemarket #TrumpTariffs

Before the Big Day i.e.Trump Tarriffs Below chronology will give you idea of How beautiful is Global situation going on from Analysing perspective!! How India-US flexed muscles and ties and sequence of that will be great point to think I am sure you have not read or heard this anywhere if yes : Great! 31st Dec 2024 -India delays UPI payments market share Why that was important because Google Pay has 35% and you don’t want to hamper sentiment before our PM meets Mr. Trump! 12th Feb 2025 Our PM meets Mr. Trump -It’s clear both respect each other and are actually seem clear good friends and both are very dedicated for their own country -Mr. trump said atleast couple of times about High Tarrifs India put during that meet. Our PM meets Elon Musk also! In Feb/March 2025 Mr Trump repeatedly said EU should defend itself Eventually you saw Germany clear historic defence budget 27th Feb 2025 EU chief visits India and clear statement was stronger ties clearly need of hour EU already got a taste with US EU don’t rely on Russia Obviously Only logical biggest democratic market remains INDIA and understood clearly At the same India also Wants to diversify as around 20% of our export is to US. 3rd March 2025 Our Commerce and Industry Minister Piyush Goyal ji visits Washington for negotiations 6th March Tesla has leased its first Showroom in India located in Mumbai. 16th March 2025 Our PM in Podcast said on China -Dialogue over Discord In a way hinting all in good direction for both and better to go along Just next day -China praised PM remarks and said important for mutual growth Remember: China already facing slowing economy and US Tarriffs already pressing them so India-China ties actually both wants and also give more power for negotiations for sure 17th March After a decade New Zealand and India decided to restart talks on free trade agreement to strengthen economic ties. Remember: India - EU India - New Zealand -Diversify and increase negotiations power. 20th March 2025 US director of National Intelligence Tulsi Gabbard Visits India and underscors long standing US-India relationship 24th March 2025 Normalcy had returned between India-China!! 26th March 2025 -Maharashtra rolls back 6% tax on EV’s above 30 lakhs -Don’t want sentiment to hamper as that would have been negative for Tesla who leased plot in Mumbai. 1st April Bangldesh Yunus urges China to invest in Bangladesh and said seven states of India the eastern part of our Country have no way to reach out to ocean and hence opportunity for Chinese economy! Bangladesh no longer have clear safe support from US so trying its way out ! 1st April -India Chile to begin negotiations on new trade deal! Note: Chile have largest Lithium reserves! Together we learn🙏 Hope you got an idea 💡 of interesting scenarios! #Sharemarket #Equityresearch #Students #CA #CFA

I hope everyone must have read Automobile data till now. Lets me just share a bit of deep dive which would add up some value for you. Automobile Numbers Key players -Mahindra/Mahindra: Tractor market share above 40% sales of overall -Maruti Suzuki : 4 Wheeler In Passenger Car around 40% market share ………………. -Maruti Suzki Domestic 4W sales although in March 2025 YoY down 1.3% and overall FY25 numbers flat -March 25/FY25 numbers are higher both compared to March 24/23 and FY24/FY23 numbers. …………………….. M&M Tractor domestic Numbers -In March 25/FY25 up YoY -Compared to March 24 although slightly down 3.1% but up 4.5% YoY compared to FY23 numbers -Compared to March 2022/FY22 numbers up YoY ………………. Conclusion -In Passenger car growth is almost flat but much better than Mar23/FY23 levels or Mar22/FY22 levels so it’s not that significant slowdown ..but yes growth YoY for Mar 25/FY25 is flat. -In Tractor segment Growth have been good compared to March 24/FY24 numbers overall -Also Excluding Mar 23 comparison Growth have been good in Mar 25/FY25 when compared with Mar 22/FY22 or FY23 numbers -So it’s clear that there is no slowdown in rural side Together we learn🙏 % Rise except for Feb 25 and 11MFY25 is taken from March 25/FY25 numbers #Sharemarket #Equityresearch #Students #CA #CFA