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Cover Feature

RELIANCE INDS BEATS ESTIMATES

By Ruma Dubey about 20 hours ago
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Reliance Industries delivered a strong performance for Q2FY21. And this time too, the numbers were driven more by Reliance Jio and Reliance Retail. The earnings beat most estimates on the Street and the stock will once again be eagerly watched when it opens for trade on Monday.

RIL Q2FY21 Estimates

By S P Tulsian about 2 days ago
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RIL will declare Q2FY21 results on Friday (30-10-20). We estimate consolidated revenue of Rs. 1.21 lakh crore and PAT of Rs. 8,620 crore for the second quarter.

THE ‘BILLIONS’ DOLLAR REJIG

By Ruma Dubey about 3 days ago
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The Morgan Stanley Capital International Index or MSCI Index was the BIG reason for cheer in the markets yesterday, despite the dismal global markets. Any rejig of the MSCI Index always has the potential to swing the market moods completely.

ONLY QUESTION ON DALAL STREET – KITNA GIRA?

By Ruma Dubey about 4 days ago
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And because we are now closely linked with the markets abroad, especially US, it impacts our markets – US markets fall, we get hurt. So, while we might be feeling a bit better, feeling queasy about the data yet choosing to believe that the Covid has taken a short respite in India, its not so in other parts of the world – that’s the prime reason why the global markets got antsy and fell.

PRIVATE SECTOR TO BE THE “STIMULUS”

By Ruma Dubey about 5 days ago
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The point is that even if the Govt is not giving any meaningful stimulus, looks like the private sector companies that are doing well are bringing in the much-needed cheer. With Reliance signing up multi-billion dollar deals ever since the lockdown started, its good that the company, instead of rewarding itself with high dividends, is looking out for its employees.

DIVIDEND IS THE WAY TO EARN?

By Ruma Dubey about 9 days ago
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And dividends have been raining ever since the earnings season started; its almost like companies want to reward the shareholders with something to hold on to. Well, at least the companies are giving this “stimulus” of dividend – something substantial unlike the stimulus from the Govt – you see it but you don’t feel it.

FMCG – AN ALL-SEASON SECTOR

By Ruma Dubey about 10 days ago
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If both the companies had posted a good set of numbers, how come the market gave both of them a thumbs down, with both closing in the red yesterday and today too, they currently trade in the red? Its mainly the speculative syndrome of “buy on rumour and sell on news.”

CEMENT – GETTING READY TO BUILD-UP

By Ruma Dubey about 11 days ago
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With monsoon fading, easing of lockdown restrictions and demand recovery, construction activities have indeed started picking up. Across India, there is already a 2% month-on-month rise in cement prices – this price rise is happening after four consecutive months of fall.

DHFL – WHO WILL BELL THIS RAT?

By Ruma Dubey about 12 days ago
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The saga of DHFL just keeps on getting more sordid; the bids have come in but instead of a happy ending, it looks like a complete tear-jerker with banks, especially SBI, which would have no more tears to shed – just a dry, hoarse cry of agony from the pit of the stomach. But the stock is among the top gainers on the BSE today since opening bell as for the punters, this is an opportunity.

BEING EINSTEIN OR NEWTON IN THE MARKETS….

By Ruma Dubey about 15 days ago
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What if you had the IQ of Einstein or Isaac Newton? Would that guarantee you success in every endeavor of life? Maybe if it was us sitting under a tree and an apple fell down, instead of gravity, we might feel smug eating it up or better still, look up and pluck out some more!

TRACTORS HAVING A FIELD DAY!

By Ruma Dubey about 16 days ago
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Tractor companies are having one of their best runs ploughing through this pandemic while their counterparts, the cars and trucks were having a tough time, finding especially rough roads in cities. In Sept’20, the tractor industry recorded a historic and second highest ever monthly sales by volume

FDIs WILL COME DESPITE IMF & COVID!

By Ruma Dubey about 17 days ago
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So, we have this declining growth trajectory from IMF and then there is the other news – according to the FDI survey released yesterday by CII in association with Ernst & Young (EY), India has emerged as one of the top three choices for investments in the next 2-3 years.

IIP CONTRACTS, CPI RISES

By Ruma Dubey about 18 days ago
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The market, in all likelihood will ignore these macro numbers and look at Wipro’s earnings, scheduled for today. Over the coming days, with nothing really more expected to come from the Govt; RBI has done its bit, the market will concentrate on earnings and we will see stock-specific action. IT stocks will be in focus – yesterday Nasdaq 100 posted its biggest advance since April.

NO BIG BANG STIMULUS

By Ruma Dubey about 19 days ago
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Both these ‘schemes’ were to urge consumers to spend. This was a thought in the right direction but under the current circumstances seemed too less, too late. Giving benefits and tying to up spending was good thinking; if given away as cash, it would have been either saved up or used for buying essentials only, which in turn would not have helped nudge consumer spending for non-essential items. But what they utlimately gave also was no big deal.

RBI – SENSIBLE ECONOMICS

By Ruma Dubey about 22 days ago
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While remaining aggressively accommodative without cutting rates, RBI did a very good job. Clearly, RBI has time-and-again showed us during this pandemic that it has so many more tools; tinkering with the interest rate is just one of them and need not be the whole and soul of the policy decisions.

TCS NUMBERS HIT THE SPOT!

By Ruma Dubey about 23 days ago
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Obviously, the newsmaker today, hitting all business headlines is the Q2FY21 performance of TCS and more significantly, its buyback. Late in the evening yesterday, it announced earnings which beat street expectations, led by all-round growth across main verticals and geographies.

PMI MAKES THE MARKET HAPPY

By Ruma Dubey about 25 days ago
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The markets did very well today and some credit for this goes to the much better-than-expected Services PMI coming in for Oct. The PMI improved from 41.8 in August to 49.8 in September – over 50 is considered to be out-of-the-woods so it is yet to quite make it there. This was the highest reading since Feb,

UNANSWERED QUESTIONS AMONG UNQUESTIONED ANSWERS

By Ruma Dubey about 26 days ago
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The Question Hour was suspended but yet, there were so many questions asked by various ministers, specifically on the impact of Covid and yet, many had no answers simply because there was no data. In this era, where Data is the new Oil, to say that there is no data is really like being an ostrich – living with your head buried in the sand.

HNIs RUNNING THE IPO SHOW!

By Ruma Dubey about 30 days ago
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Yes, the IPO market is booming and it looks like every issue is getting listed as super-duper premiums. But beware – like the secondary market when the heat gets too much, cooling off happens and in the IPO market, its time to be cautious, discretionary, especially if your aim is to only make listing gains.

LAKSHMI SEEMS TO HAVE DUCKED OUT

By Ruma Dubey about 1 month ago
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If the RBI was not acting, it has now been forced to act – the shareholders of Lakshmi Vilas Bank (LVB) have ensured that RBI cannot not act, that too swiftly. We usually take these notices for shareholding voting very lightly but what happened at LVB has shown that if shareholders decide, they can truly bring the company down to its knees.