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NSE IPO Analysis: The Monopoly That Isn't Allowed to Compete

The moat is real. So is the muzzle. NSE owns 93% of India's cash market and is legally barred from behaving like it.

While the business is solid, that bargain only works as long as the regulator's interests and those of shareholders point the same way.

How long that will be the case is an open question. But if it does - NSE's moat could be one of the most durable in the Indian markets.

Dabur India: Is the Negative Sentiment Confirming the Technical Structure?

Dabur has travelled from the ₹490 region to around ₹370 this year, and the quarter it printed along the way was a good one.

Dabur's bounce may be corrective, keeping the risk of another leg lower alive. ₹370 remains the key level to watch; a break could signal further downside.

A move above the Wave (1) low would invalidate this bearish structure. Is Dabur more likely to extend the decline than sustain the current bounce?

Rentomojo IPO Analysis: The Story of Depreciating a Ten-Year Sofa

Rentomojo looks like a platform. It is actually a leasing book.

Every sofa, fridge and mattress it rents sits on its own balance sheet, and how long each one is assumed to last decides what the company is allowed to report as profit.

Stretch the assumed life of a sofa from five years to eight and nothing changes in the warehouse — but the P&L gets better overnight.

Rentomojo did that twice. So, who decides how long a sofa lasts?