Miles Crossed and More Miles to Go!

An anniversary issue holds a special moment for any publication, and it also gives an opportunity to share the journey of the publication with readers. When your magazine was first published in the year 1986, it was an era of very less information if not complete darkness when it came to stock selection and investment. There were no internet search engines and the computer was a luxury with access to internet nine years away. We came and filled this void and helped readers take the right investment decisions. In fact, when we started, even NSE and the market regulator SEBI were non-existent.

In the last 37 years, there has been a paradigm shift in the investment landscape in India. From scarcity there is now a problem of plenty when it comes to stock information. With this overload, you now have access to all the information at your fingertips and yet investment decision-making has become more complicated. If I were to quote Clarence Day from ‘The Crow’s Nest’, “Information’s pretty thin stuff unless mixed with experience.” This is where we come into the picture. As a research media house we have stayed our course all these times and evolved to keep pace with the changing times. 

We have managed to remain contemporary throughout our existence and helped our readers to make sense of the ever-changing investment landscape. Our existence is based on sharing actionable advice. This helps our readers to make decisions regarding where to invest, the right time and level to invest and how to exit at an appropriate time. Keeping this policy in mind, we provide for independent, unbiased and thoroughly researched content on various asset classes, including stocks and mutual funds. We follow a combination of top-down and bottom-up approach and our dedicated team of researchers bring expertise and in-depth knowledge in each sector. 

Quantitative and qualitative methods are used for rigorously studying the market dynamics and presenting them in a simplified manner. The sources used for this data are trusted and the information is scrutinised with utmost care. As such, I feel very proud to bring this anniversary issue to you. When the average life of corporates is shrinking (for S and P 500 listed companies it is 18 years), we are embarking on our 38th year of existence. And given the occasion, for this issue we set for ourselves the challenging task of selecting India’s best value and wealth-creators in the Indian corporate terrain, as laid out in our cover story. 

The equity market is clearly struggling to find a direction in the short term. A directionless market can seriously test investors’ patience and especially those who are carrying a leveraged position. However, it is only a matter of time before market participants will realise that there is no solid reason to exit or sell in India. On the contrary, the Indian equity market is the only place to offer higher risk-adjusted returns in a global economic scenario. Investing is a journey and we have miles to go before the returns start to plateau out. Take the short-term ups and downs in the right stride as we embark on this rewarding journey together. 

RAJESH V PADODE
Managing Director & Editor