# unlisted — RSS Amplifier Recent posts from the 1 feeds in the RSS Amplifier directory that cover unlisted. Page: Feed: --- ## [An early crack in the safest part of the book](https://91capital.substack.com/p/an-early-crack-in-the-safest-part) _2026-08-28 · Nine One Capital · Nine One Capital_ In BFSI, one disconfirming comment can be worth a hundred confirming ones, this post explores one such comment in detail ## [Religare Update: One Door Closed, another Opened](https://91capital.substack.com/p/religare-one-door-closed-another) _2026-08-21 · Nine One Capital · Nine One Capital_ RBI rejected the financial-services demerger; IRDAI notified the rules that permit Care to absorb its holding company. ## [FY2025-26 annual report season, sector by sector](https://91capital.substack.com/p/fy2025-26-annual-report-season-sector) _2026-08-14 · Nine One Capital · Nine One Capital_ Key insights from reading annual reports ## [Cordelia Cruises and the Essel Linkage](https://91capital.substack.com/p/cordelia-cruises-and-the-essel-linkage) _2026-08-07 · Nine One Capital · Nine One Capital_ India's only listed cruise company has most of the ingredients of a theme stock. We still cannot own it, this note explains why. ## [What You Know for Sure](https://91capital.substack.com/p/what-you-know-for-sure) _2026-07-31 · Nine One Capital · Nine One Capital_ One model launch erased roughly $3.3 trillion of semiconductor market value in a fortnight. A note on negative surprises. ## [The Watchlist Always Looks Better](https://91capital.substack.com/p/the-watchlist-always-looks-better) _2026-07-24 · Nine One Capital · Nine One Capital_ Why investors under-rate what they own, over-rate what they do not, and when churning the portfolio is actually justified ## [Venus Remedies Q1 FY27 Update](https://91capital.substack.com/p/venus-remedies-q1-fy27-update) _2026-07-20 · Nine One Capital · Nine One Capital_ Continues to deliver and remain reasonably priced on valuations ## [Why Real Estate Stocks Are Hard to Analyse but Worth the Effort](https://91capital.substack.com/p/why-real-estate-stocks-are-hard-to) _2026-07-17 · Nine One Capital · Nine One Capital_ A framework for analysing listed developers, and why companies growing pre-sales at 25%+ are available at single-digit multiples of their true earnings ## [Banks: The Business of Leverage](https://91capital.substack.com/p/banks-the-business-of-leverage) _2026-07-10 · Nine One Capital · Nine One Capital_ Our framework for investing in banks, and J&K Bank as a case study ## [Vedanta Oil & Gas: Paid to Wait for Price Discovery](https://91capital.substack.com/p/vedanta-oil-and-gas-paid-to-wait) _2026-07-03 · Nine One Capital · Nine One Capital_ Our second special situation. We bought the valuation, not the forecast, ~1.5x FY28 EBITDA, net cash, a national policy tailwind. ## [Follow Releases, Get Reminders (Sponsored)](https://crawlproof.com/a/xGqQHEm9gb3C) _2026-07-03 · **Sponsored**_ Follow a genre or a name and receive reminders on release day — free. ## [Investing is a Solo Sport](https://91capital.substack.com/p/investing-is-a-solo-sport) _2026-06-26 · Nine One Capital · Nine One Capital_ An idea can come from anywhere. What you do with it is the whole game. ## [Religare Enterprises: Buying a Hidden Health Insurer at a Discount](https://91capital.substack.com/p/religare-enterprises-buying-a-hidden) _2026-06-19 · Nine One Capital · Nine One Capital_ Buying the best asset at a discount the structure created, and let a process you can see surface the rest ## [Looking at the Logistics Sector](https://91capital.substack.com/p/looking-at-the-logistics-sector) _2026-06-12 · Nine One Capital · Nine One Capital_ India's logistics sector may be approaching an inflection point ## [The Other Side of the Book: Two Results That Disappointed Us](https://91capital.substack.com/p/the-other-side-of-the-book-two-results) _2026-06-05 · Nine One Capital · Nine One Capital_ Two of our recommendations reported a disappointing FY26. The only question that matters is whether the thesis is broken or delayed. Here is how we answered it. ## [Venus Remedies: How We Underwrote It, and What FY26 Confirmed](https://91capital.substack.com/p/venus-remedies-how-we-underwrote) _2026-05-29 · Nine One Capital · Nine One Capital_ A reasonable price on current numbers protected the downside. The optionality did the rest. This is a live case study in how we work. ## [Buying a Helium Player in the Unlisted Space](https://91capital.substack.com/p/buying-a-helium-player-in-the-unlisted) _2026-05-22 · Nine One Capital · Nine One Capital_ Our framework for investing in unlisted deals, and the one helium company which we are going ahead with ## [Good Results. Falling Stocks.](https://91capital.substack.com/p/good-results-falling-stocks) _2026-05-15 · Nine One Capital · Nine One Capital_ Markets eventually recognise operating performance. The challenge is surviving the waiting period. ## [Small/ Microcaps Make Multi-Baggers. Then They Take Them Back](https://91capital.substack.com/p/small-microcaps-make-multi-baggers) _2026-05-08 · Nine One Capital · Nine One Capital_ Two cycles, 2,196 companies, and the case for being in this segment with discipline rather than generalized multi bagger narratives. ## [Hot Sectors, Unlisted Euphoria, and Looking Behind the Headline (Screener) Numbers](https://91capital.substack.com/p/hot-sectors-unlisted-euphoria-and) _2026-05-01 · Nine One Capital · Nine One Capital_ On chasing the crowd for investing into hot sectors, paying premiums for illiquidity, and the quiet work of segmental disaggregation that leads to an insight ## [Working With the Chart in Front of You](https://91capital.substack.com/p/working-with-the-chart-in-front-of) _2026-04-24 · Nine One Capital · Nine One Capital_ The third behavioral note. On bottoms that never confirm in real time, prices that never wait, and the investor's job when extreme cheapness has already passed. ## [AI publishing with human taste (Sponsored)](https://crawlproof.com/a/BX4MaQyrRhFh) _2026-04-24 · **Sponsored**_ Convert AI research into blogs, podcasts, and newsletters with optional human review. ## [Navigating the bear market](https://91capital.substack.com/p/navigating-the-bear-market) _2026-04-17 · Nine One Capital · Nine One Capital_ Simple rules that help us to stay invested and not do stupid mistakes ## [AGI Greenpac: When your biggest competitor goes away, margins expand. What happens when they return?](https://91capital.substack.com/p/agi-greenpac-when-your-biggest-competitor) _2026-04-09 · Nine One Capital · Nine One Capital_ A framework for thinking about margins, competitive dynamics, and entry price in capital-intensive industries