Value Research Online

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.

Bargain or value trap?

Wed, 01 Jul 2026

Four stock screens, one date in 2011, held for 15 years. The result: in a growing economy, a fair price for a good business beats hunting for the cheapest one.

The price of defence

Wed, 01 Jul 2026

India will build its own weapons — that part is settled. The dispute is whether today's buyer, paying 60 to 100 times earnings, shares in the wealth or funds it.

A great unwinding

Wed, 01 Jul 2026

As the Fed shrinks its balance sheet, global dollar liquidity tightens, pressuring FII flows and the rupee. Why the pace of the unwind matters more than its size.

The cycle always has the last word

Wed, 01 Jul 2026

Strong demand is rarely the mistake, misjudging the supply response and the cycle is. Why a commodity can have a bright future and still be a poor investment.

The illusion of certainty

Mon, 01 Jun 2026

Analyst price targets look precise but rest on unknown assumptions. The honest alternative: focus on management quality, balance sheet strength and valuation margin of safety instead.

The fast-track trap

Mon, 01 Jun 2026

Nasdaq now fast-tracks mega-cap IPOs into its index in 15 days. S&P 500 may follow. Passive funds must buy in regardless of fundamentals. Here is what Indian investors need to know.