Amitabh Singhi presenting: “The Elephant is Moving, Investing in the Indian Markets” at the 8th Annual Value Investing Congress.
Amitabh Singhi of Surefin Investments will be eighth at Value Investing Congress, with his presentation titled: “The Elephant is Moving: Investing in the Indian Markets.”
Amitabh Singhi is Managing Director at Surefin Investments, an India based portfolio management and investment advisory company.
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Amitabh Singhi Live Coverage
2:30 PM EST: Singhi is now taking the floor, he’s going to cover non-correlated growth in Indian Markets.
2:31 PM EST: Singhi says that Indians are obsessed with Gold, and land prices have risen sharply recently.
2:33 PM EST: According to Singhi, India has 500 listed companies and 3000 of them actively trade.
2:33 PM EST: Most trading in small caps in India is uncovered. There’s great opportunities in firms valued in the $10-250 million range.
2:35 PM EST: India will add $1 trillion to its GDP in the next 3-4 years.
2:37 PM EST: Land prices around small cities in India are rising.
2:38 PM EST: There a lot of money to be made in Indian agriculture as the rural economy grows.
2:40 PM EST: India has 400 million acres of agricultural land, but the average farm in the country is just 5 acres.
2:44 PM EST: Investing in Indian agriculture is by no means a “cakewalk” according to Singhi, and those who brave the challenges will be in for “a long ride.”
2:52 PM EST: The big risk in Indian agricultural investments is rainfall. Only half of the country’s agricultural land is irrigated, and there is a threatening lack of infrastructure.
2:53 PM EST: Singhi’s pitch is a company called Greenply. The firm manufactures plywood and laminates.
2:59 PM EST: Greenply has a $170 million market cap.
3:05 PM EST: Indians will stop storing their wealth in gold and start storing it in stocks in the future making the country’s equities an attractive proposition according to Singhi.
Presentation Finished.
