Value Research Online

Behind the AI hype

Sun, 01 Nov 2026

India’s power, grid, chip and data centre build-out could lift capital goods demand for years. Where the opportunity lies, and what could go wrong.

The price of an extra rupee

Sun, 01 Nov 2026

Britannia needed 34 paise of new capital per extra rupee of profit, United Breweries about Rs 27. Value Research ran Buffett’s test on 1,104 companies.

The new-age company bet

Sun, 01 Nov 2026

High operating leverage and low capital needs make new-age companies attractive, but leverage cuts both ways. A worked example shows how profit and ROCE swing.

The weight of conviction

Sun, 01 Nov 2026

Four top small-cap funds were wrong on most stocks, yet 43 names drove all their outperformance. What it says about position size and how many stocks to hold.

When a call goes wrong

Sun, 01 Nov 2026

A falling price is a question, not a verdict. Four checks on the business, the Hold for Fundamentals rating, and why your buying price should not decide a sale.

The architecture of hope

Sun, 01 Nov 2026

The 2026 economics Nobel to Robert Hall and Michael Woodford shows why windfalls fizzle and expectations shape prices. What it means for Indian consumption.

Memory by Design

Thu, 01 Oct 2026

The AI trade has centred on Nvidia and GPUs. Here's why memory chipmakers like SK Hynix, still priced as a commodity, could be the next structural shift.

Cheap, or dying?

Thu, 01 Oct 2026

A low P/E looks the same for a bargain and a dying business. Value Research uses PC Jewellers, Infosys and Tata Steel to show how to tell them apart.

The $10 trillion question

Thu, 01 Oct 2026

The US is refinancing $10 trillion of debt, pushing yields near 5 per cent. Here's how that is already hitting Indian equities, the rupee and gold prices.

Old rules for new-age stocks

Thu, 01 Oct 2026

New-age IPOs sell growth and market size. Here are six value investing tests, from unit economics to management trust, before you buy the next hot listing.

Coffee, candy and capital

Thu, 01 Oct 2026

Accounting expenses customer acquisition and brand spending instead of capitalising it. Here's why that makes early losses look worse and mature returns look better than they are.

How to (not) use AI for stock investing

Tue, 01 Sep 2026

AI can speed up stock research, but it cannot judge valuation or make the final call. Here’s how investors should use AI for better investment decisions.

The plan every Indian family needs

Tue, 01 Sep 2026

Here is a simple financial planning roadmap for Indian families, from your 20s to your 60s, covering SIPs, insurance, debt, retirement and more..

Rather late than wrong

Tue, 01 Sep 2026

A strong earnings quarter can hide one-off gains. Here are four checks investors should make to separate recurring business growth from temporary profit.

The hidden DCF

Tue, 01 Sep 2026

A stock’s P/E ratio quietly embeds assumptions about growth, returns and risk. Here’s why a low multiple may not mean cheap and a high one may not mean expensive.

Dangers of chasing the next Amazon or Tesla

Sat, 01 Aug 2026

Should you chase the next Amazon, Tesla or Zomato? Learn why survivorship bias misleads investors and how to judge loss-making IPOs more rationally.

Rethinking the 2nd innings

Sat, 01 Aug 2026

A review of The Desi Retirement Plan by Suraj Kaeley. Learn why retirement needs more than a corpus, and how to build a sustainable income plan..

The multibagger paradox

Sat, 01 Aug 2026

Small companies and market crashes have produced most multibaggers. Learn where to look, when to buy and what market history reveals about outsized returns.

Why Rs 9 became Rs 96

Sat, 01 Aug 2026

Why has the rupee weakened from Rs 9 to Rs 96 per dollar? Understand the forces behind it, who gains, who loses and what long-term investors should do.

The work never ends

Wed, 01 Jul 2026

A falling stock is not automatically cheap, and patience is not just sitting still. Lessons on judging the business beneath the price, and knowing when to sell.