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Caliber Mining

about 3 months ago

Has Caliber
Subscription Start Date :17 Jul 2026 End Date :21 Jul 2026
Issue Size : Rs. 450 cr, Issue Type : Fresh cum OFS
Price Band : Rs.402 to Rs. 424
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Overall Subscription : 146.64x
QIB : 240.71x,HNI :267.36x,Retail :41.15x
Listing Date : 24 Jul 2026, , Listing Price : 504

MINING IN GOA - DARK AND CLAUSTROPHOBIC

about 14 years ago

The Supreme Court on Friday, recommended scrapping 42 iron ore mining leases in Goa state until mining companies submit plans to deal with the environmental impact and the legal details involved. Sesa Goa was amongst the biggest losers on the BSE

Mining stocks in green

about 9 months ago

The move followed Budget commentary on building domestic capacity across the rare earth value chain, including a proposal to support mineral-rich states of Odisha, Kerala, Andhra Pradesh and Tamil Nadu to establish dedicated rare earth corridors

Mining stocks in the pit

about 12 years ago

Mining stocks are down in the red today, led by Sesa Sterlite, down 2%, followed by NMDC down 1.7% and SAIL is also down 1.5%. All three figure out amongst the top losers on the BSE currently. Mining stocks have dipped into the red after the Union Cabinet hiked royalty rates on minerals, inc ...

Rohit Ferro gets going

about 13 years ago

Rohit Ferro is up and about today. The stock is up currently almost 3% at Rs.13.80 and this is after it hit the upper circuit at Rs.14.11. Its 52-week high is at Rs.35. The stock has spurted up on good news coming from its Indonesian mining unit - Pt Bara Prima Mandiri (BPM). This is a Cokin ...

Sandur Manganese tumbles down

about 13 years ago

Sandur Manganese is deep in the red today after it announced suspension of mining operations since yesterday. The stock, which had spiked up last week after the SC cleared iron mining in Karnataka, is down today at Rs.598, down almost 4%. The Company had mining leases granted under the provi ...

Prism Cement dumped by 'hoarders'

about 12 years ago

Prism Cement is weak today, currently down over 2% at Rs.74.30, which is its present intra day low level. The stock could go down further based on the news of a raid trickling in. There is news that the mining department has found 4000 metric tonnes of illegal coal, worth Rs.12 crore, stored ...

Sesa Sterlite top gainer

about 12 years ago

The top gainer on the BSE currently is Sesa Sterlite, which is up almost 4% at Rs.303, with volumes spiking up around 1.5 times. The stock has surged after the Goa Chief Minister presented a set of solutions to restart mining in Goa, whose direct and biggest beneficiary will be Sesa Sterlite ...

Neyvelli Lignite slumps on poor Q3

about 11 years ago

Neyveli Lignite Corp, the PSU mining lignite and generating power posted very disappointing numbers for Q3FY16. Its net profit for the quarter slumped by a huge 85% (YoY) to Rs.48 crore on a 16% drop in income at Rs.1255 crore. The PSU kept the operating costs stable at Rs.1205 crore; of thi ...

MOIL 'mines' a good jump

about 10 years ago

PSU mining company, MOIL Ltd is in the limelight today morning. The stock price, which had closed on Friday at Rs.246, opened today at Rs.255, going up to an intra day high at Rs.261. Its 52-week high remains at Rs.284. The market is happy that effective 1st October, the company has revised t ...

MOIL jumps over 3%

about 9 years ago

MOIL, the PSU mining manganese ore, is in the limelight today morning. The stock price rose over 3% to Rs.228.65, which is not too far away from its 52-week high of Rs.285.50.

Silver stocks shine bright

about 9 months ago

Shares of select metal and mining companies moved sharply higher today as silver prices extended their rally to fresh record highs, boosting sentiment across producers and trading-linked names.

INDIAN LEADERS KEEP FAITH OF CHURCHILL ALIVE

about 14 years ago

Winston Churchill, 65 years ago had said, "Power will go to the hands of rascals, rogues, freebooters and charlatans; all Indian leaders will be of low caliber and men of straw. They will have sweet tongues and silly hearts. Giving falls promises will be their game with the poor and stupid masses. They shall be shameless and unpatriotic in their ways

DIAMOND’S COST – 2 LAKH TREES!!

about 5 years ago

It is always a tough call – environment or development. This face-off between the two essentials is only increasing in frequency and the protests on both sides is getting louder by the day. This diamond project is owned by Aditya Birla Group’s Essel Mining & Industries Ltd (EMIL), spread across an area of 364 hectares in the Buxwaha forests and is said to have a reserve of 34 million carats of rough diamonds.

JUNE IIP – A PLEASANT SURPRISE FOR THE WEEKEND; THAT’S ALL!

about 8 years ago

June IIP came as a pleasant surprise at 7% v/s 3.2% in May, beating most estimates. This growth was the highest in the last four months. This growth was led by manufacturing, mining and electricity. The big question mark is whether this is sustainable.

COAL INDIA’S LONE KURSI TO GET CROWDED

about 9 years ago

Whew! Finally it has happened. Coal India has lost its monopoly but hoping that it would get out of stupor is being naïve; almost like hoping that politicians will be corruption free!! Today, the Cabinet Committee of Economic Affairs gave its nod for commercial coal mining for not just Indian but even foreign companies.

GOING GLOBAL IS NOT LIKE SELLING LEMONADES!

about 9 years ago

Two events have happened today which make us wonder at the perils of doing business abroad. First, the Adani group must be having some sleepless nights, right since the time that it signed up for the coal mining project in Australia. This project has been mired in controversy ever since the time it was put on paper, mainly its threat to the environment. It has been in the making since 2010 and the cost is pegged at $4 billion.

IT WAS GOOD NEWS ALL AROUND!

about 8 years ago

It was good news. IIP and CPI, both were good. IIP for Oct, thanks to the festive demand of Diwali, rose sharply to 8.1% v/s 4.5% (MoM). Mining was up 7%, manufacturing rose to 7.9% and electricity was up 10.8%.

Steelcast doing well

about 13 years ago

Steelcast, a small-cap company is doing well. The stock did well yesterday and today also, it is in the green. The stock is currently up 3.5% at Rs.28.50, its current intra day high point. Two days ago, the stock had hit a new 52-week low at Rs.24. Volumes though remain low at less than 500 ...

GVK Power in deep red

about 13 years ago

GVK Power is down 2.25% at Rs.6.95, its current intra day low and very close to its 52-week low of Rs.6.87. Market cap stands at Rs.1097 crore. The stock is down as its exploration project with BHP Billiton now faces some uncertainty. The company has to now wait for the go-ahead from the def ...

Kalyani Steel zooms up as ban lifts

about 14 years ago

Kalyani Steel zoomed up to Rs.43.25, after having opened the day at Rs.37.55. The stock remains now in the green, up 16%. Volumes have also shot up to almost 3 lakh shares. The stock reacted with this sudden surge the moment the news came in that the Supreme court has lifted the ban on Categ ...

Cairn India bounces back

about 14 years ago

Cairn India is doing well today morning, the stock up almost 3% at Rs.294, closer to its intra day high at Rs.295.45. It’s a long way off from its 52-week high at Rs.365.90. The stock is up after the company today announced that following the Govt’s decision to allow exploration ...

GMDC zooms to top gainer

about 10 years ago

Call it the effect of our Editor , Mr.SP Tulsian, recommending GMDC on CNBC TV18 or the current fancy for natural resource companies, Gujarat Mineral Development Corporation (GMDC) is today the top gainer on the BSE. From yesterday’s close of Rs.107.80, the stock today surged to Rs.113.50, ...

L&T leads capital goods sector gains

about 13 years ago

L&T is in the limelight today morning, following its better-than-expected numbers for Q2FY14. The stock, which has closed on Friday at Rs.872.35, opened today at Rs.885 and soon zoomed up to the day’s high point at Rs.910 and it currently remains around the same levels. Volumes are pret ...

Sandur Manganese gets 'mined'

about 13 years ago

Mining stocks are all up in the green – Sesa Sterlite, Sandur Manganese and Kalyani Steel. Sandur leads the pack, currently up over 4% at Rs.647.70, with volumes surging over 2 times. Its intra day high is at Rs.665. These stocks are up, reacting to the nod go-ahead given by the S ...

Coal India in the red

about 13 years ago

Coal India is not doing too well today, the stock slipped to an intra day low at Rs.263.20 and it currently remains down in the red. The stock is down after the company did not post good numbers for Q3FY14. Its consolidated net profit fell 11% at Rs.3894 crore on a 3% decline in total income ...

Sesa Goa top gainer

about 13 years ago

Sesa Goa is currently the top gainer on the Nifty and on the BSE, it is the second top gainer, up almost 8% at Rs.164.90, with an intra day high at Rs.165.45. Volumes are good at 8.40 lakh shares. The stock is up on various counts. Firstly, the immediate trigger is the fact that Sesa Goa wil ...

Midwest Limited

about 1 year ago

Expensive B2B Play
Subscription Start Date :15 Oct 2025 End Date :17 Oct 2025
Issue Size : Rs. 451 cr, Issue Type : Fresh cum OFS
Price Band : Rs.1014 to Rs. 1065
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Overall Subscription : 87.86x
QIB : 139.87x,HNI :168.05x,Retail :24.21x,Other :24.42x
Listing Date : 24 Oct 2025, , Listing Price : 1165

Premier Explosives firecracker run

about 11 years ago

Premier Explosives is indeed showing some explosive run on the bourses today. The stock is currently up 10% at Rs.269 with an intra day high of Rs.284. Volumes have jumped up over 12 times. The stock is reacting to the company receiving the Industrial License from the Department of Industria ...

20 Microns

about 18 years ago

Price Band : Rs. - to Rs. -
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BHARAT EARTH MOVERS LTD

about 20 years ago

Price Band : Rs. - to Rs. -
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Varun Industries

about 19 years ago

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Titagarh Wagons

about 19 years ago

Price Band : Rs. - to Rs. -
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Resurgere Mines

about 19 years ago

Price Band : Rs. - to Rs. -
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Titagarh Wagons

about 19 years ago

Price Band : Rs. - to Rs. -
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Adani Power

about 19 years ago

Price Band : Rs. - to Rs. -
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Somi Conveyor

about 19 years ago

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Resurgere Mines

about 18 years ago

Price Band : Rs. - to Rs. -
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MBL Infra

about 18 years ago

Price Band : Rs. - to Rs. -
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CSM Technologies

about 4 months ago

Avoid this IT nano cap
Subscription Start Date :24 Jun 2026 End Date :29 Jun 2026
Issue Size : Rs. 146 cr, Issue Type : Fresh Issue
Price Band : Rs.107 to Rs. 113
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Overall Subscription : 1.36x
QIB : 1.02x,HNI :1.54x,Retail :1.61x,Other :1.82x
Listing Date : 2 Jul 2026, , Listing Price : 113

JSW Energy

about 17 years ago

Price Band : Rs. - to Rs. -
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Electrosteel Steel

about 16 years ago

Price Band : Rs. - to Rs. -
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Coal India

about 16 years ago

Price Band : Rs. - to Rs. -
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Archean Chemicals

about 4 years ago

Accha Che!
Subscription Start Date :9 Nov 2022 End Date :11 Nov 2022
Issue Size : 1462 cr, Issue Type : Fresh cum OFS
Price Band : Rs.386 to Rs. 407
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Overall Subscription : 32.23x
QIB : 48.91x,HNI :14.9x,Retail :9.96x
Listing Date : 21 Nov 2022, , Listing Price : 450

Om Freight

about 1 year ago

Avoid
Subscription Start Date :29 Sep 2025 End Date :3 Oct 2025
Issue Size : Rs. 122 cr, Issue Type : Fresh cum OFS
Price Band : Rs.128 to Rs. 135
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Overall Subscription : 3.87x
QIB : 3.97x,HNI :7.30x,Retail :2.75x,Other :0.57x
Listing Date : 8 Oct 2025, , Listing Price : 82.5

Deepak Fert in the green

about 12 years ago

Deepak Fertilisers is doing well this morning, opening Rs,4 higher at Rs.168 and going on to an intra day high at Rs.170, the current levels around which it now hovers. Volumes are up 1.6 times. The stock is reacting positively to the news that through its subsidiary Smartchem Technologies, ...

Bharat Coking Coal

about 9 months ago

Nothing Appealing
Subscription Start Date :9 Jan 2026 End Date :13 Jan 2026
Issue Size : Rs. 1,071 cr, Issue Type : OFS
Price Band : Rs.21 to Rs. 23
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Overall Subscription : 146.8x
QIB : 311x,HNI :258x,Retail :49.25x,Other :82x
Listing Date : 16 Jan 2026, , Listing Price : 45

Central Mine Planning

about 7 months ago

Another Coal India subsidiary
Subscription Start Date :20 Mar 2026 End Date :24 Mar 2026
Issue Size : Rs. 1842 cr, Issue Type : OFS
Price Band : Rs.163 to Rs. 172
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Overall Subscription : 1.05x
QIB : 3.48x,HNI :0.35x,Retail :0.33x
Listing Date : 30 Mar 2026, , Listing Price : 160

Texmaco hoots into the green!

about 12 years ago

Texmaco is on a run today, currently up over 14% at Rs.104.40, closer to its intra day high at Rs.105.70. Volumes are up over 5 times. Other railway stocks are also up – Kalindee Rail is up 5%, and so is Titagarh Wagons, which is also up 5%. Kernex is frozen on the 5% upper circuit. Ra ...

Rajesh Exports hits a new high again

about 11 years ago

Rajesh Exports had hit a new high yesterday at Rs.546 and today too, it has hit a new high at Rs.549.95. The counter is excited today after the company announced in the morning that it had purchased Valcambi is the world’s largest precious metal’s refining company headquartered a ...

Jindal Steel is top loser

about 12 years ago

Jindal Steel is back to being the current top loser on the BSE, down over 11% at Rs.132 and this is after once again today hitting a new 52-week low at Rs.128. The stock has been consistently hitting new lows since 13th Oct. The stock is in deep red after the CBI filed an FIR against the com ...

TRF at new high, 20% UC

about 3 years ago

The stock, which had closed yesterday at Rs.273.70, opened a tad lower at Rs.272.15 but soon zoomed up to its 20% UC and new 52-week high at Rs.328.40, where it now remains frozen.

Nalco hits new high

about 5 years ago

The market initially reacted positively to this news; from its close of yesterday at Rs.80.05, it rose to hit a new 52-week high at Rs.82.50 and is now trading in the red at Rs.79.10.

Nava Bharat down 15%

about 5 years ago

is the top loser on the BSE, opening lower by over 9.5% at Rs.113.75, going down further to an intraday low at Rs.107.20, a fall of over 15%

Dilip Buildcon builds

about 5 years ago

Following this news, the stock price rose to hit an intraday high at Rs.601.80, rising 9%; profit booking at this level come in and the stock is now trading at Rs.573 levels

Deepak Fert up 6%

about 5 years ago

The stock has reacted positively to this news, it opened 3% higher today, rising 6% to an intraday high at Rs.389.90.

Tata Steel shines bright

about 4 years ago

The stock is very much in the news today; the stock price rose almost 4% in the opening bell session to hit an intraday high at Rs.107.90. Its 52-week high is at Rs.114.

Titagarh Wagons toots loud!

about 4 years ago

From its close of yesterday at Rs.287.95, the stock opened itself almost 8% higher at Rs.310, hitting a new 52-week high. Its come off the high and is now trading at Rs.293 levels.

Selan sailing high

about 3 years ago

From its close of Rs.478.60, it opened today at Rs.491 and soon jumped to hit a new 52-week high at Rs.553.40. It is currently trading at Rs.512, 7% higher.

Sarda is 'Energised'

about 3 years ago

From its close of Rs.247.70, today the stock opened morning at Rs.254.55 and rose further to Rs.262, up over 5.5% and quite close to its 52-week high of Rs.264.95.

Deepak Fert up 10%

about 3 years ago

The stock is currently among the top three gainers on the BSE; opening 5% higher at Rs.518.65 and went on to an intraday high at Rs.546, up over 10%. Its 52-week high is at Rs.715.

KEC International up 5%

about 6 years ago

The stock opened itself 5% higher at Rs.469, just 3.5% lower than its 52-week high of Rs.486.45. In one year’s time, the stock has been a major gainer, rising almost 150%.

Shyam Metalics shines bright

about 3 years ago

The stock has reacted positively to this news; opening 3% higher at Rs.616.70, the stock rose to an intraday high at Rs.622.95, up 4% though it can come down from this level

KIOCL hits new high

about 1 year ago

From its close of Rs.440.55, the stock actually opened lower at Rs.438.45 but soon jumped up to hit a new 52-week high at Rs.528.65, its 20% UC

Hind Copper at new high

about 9 months ago

The stock extended its rally today, rising as much as about 18% in early trade to touch a fresh 52-week high near Rs 721, as buying momentum in metals intensified amid a firm tape for base metals.

GMDC hits lifetime high

about 6 months ago

GMDC has seen a massive surge, up over 14%. The stock touched a high of Rs. 711.9, hitting a new 52-week and all-time high, trading strongly above its previous close of Rs. 622.3. And Ashapura surged over 7%, building on previous gains.

Bharat Coking Coal down 5%

about 6 months ago

The stock was under pressure today, with the stock down 4.8% to Rs.34.14, after opening weaker at Rs.34.55 versus the previous close of Rs.35.86. The counter traded in a Rs.33.92–35.09 band with VWAP around Rs.34.46,

CSM Tech makes a flat debut

about 4 months ago

As expected, the stock made a flat debut on the markets today. It got listed at the same price as the IPO price at Rs.113. The IPO was subscribed 1.36x, with Retail leading at 1.61x

Gallantt Ispat rises 13%

about 1 day ago

The stock opened at Rs. 573.35 against its previous close of Rs. 567.10 and touched an intraday high of Rs. 642.50. Volumes were strong, with 5.39 lakh shares traded against a two-week average of 2.59 lakh shares

Hindustan Copper - an untapped GOLD Pot

about 6 years ago

Govt having identified this company as non strategic, may see strategic sale in FY 22

GOCL Corp hits new high

about 5 years ago

The market reacted by hitting a new high at Rs.296.40, going up over 16% and volumes are up almost 3 times.

Metal stocks on the rise

about 6 years ago

As the price of metals in the international market rises, the metal stocks are rising in tandem. The metal index is up over 2.5% and of the 10 companies listed in this index, 9 are in green.

India Cements and its 'connections' saga

about 12 years ago

There are some companies which become losers when their promoters get embroiled in scandals and scams. Political connections too, as long as the going is good, pays off well but the moment the political patronage gets into trouble, the company stops enjoy fancy on the bourses and traders get wary ...

Godawari Power locked at 5% UC

about 9 years ago

Godawari Power Ispat, the moment it opened for trading, was locked at the 5% UC. On Friday, it has closed at Rs.495.35 and today it opened and got frozen at Rs.520.10. Its 52-week high is at Rs.560.

Neyveli Lignite powers up

about 12 years ago

Neyveli Lignite Corp, the PSU is literally on fire today morning. The top gainer on the BSE, it is currently up over 9% at Rs.80, it remains closer to its intra day high of Rs.81.90. Volumes are huge at 1.08 lakh shares just in the morning session v/s 12,000 shares over past two- ...

INFLATION GIVES THE CREEPS

about 5 years ago

This data might seem pretty benign as of now but what we are seeing underneath these numbers is cost-push inflation taking over. Inflation is being driven by supply rather than demand. With fuel prices touching the sky and commodity prices rising all over the world, this macro number is like a multi-headed hydra, just rising northwards.

GMDC is at a new high

about 10 years ago

GMDC is the top gainer on the BSE since the opening bell; it has already hit a new 52-week high at Rs.100.50 and now remains over 9% up at Rs.99 levels, with over 2 times surge in volumes. This resurgence into the limelight today morning is on account of its very good performance for Q1FY17, ...

Gujarat Apollo

about 10 years ago

Gujarat Apollo Industries is currently up almost 5% at Rs.167 with an intra day high at Rs.168. Its 52-week high is at Rs.180.60.

GMDC

about 10 years ago

GMDC, a debt free PSU, is into mining, mainly lignite and power generation posted exceedingly good numbers for Q4FY17, driven mainly by strong topline.

Adani Entp jumps over 7%

about 9 years ago

Adani Enterprises has been the top gainer since opening bell. The stock price rose over 7% to an intra day high at Rs.126.10 and continues to remain firmly in the green.

Tata Steel shines bright

about 9 years ago

Tata Steel had hit a new 52-week high yesterday at Rs.601.50 and today too it hit a new high at Rs.616.50 within seconds of its opening for trade.

GMDC spurts over 5%

about 9 years ago

GMDC, India’s second largest lignite producer and India's largest merchant seller of lignite was amongst the top gainers on the BSE when the markets opened for trade today.

Vedanta slips down almost 2.5%

about 9 years ago

Vedanta slipped down almost 2.5% to the intra day low point at Rs.313.80. Its 52-week high and low is at Rs.355.70 and Rs.217.95 respectively.

Metal stocks zoom up

about 7 years ago

The metal stocks, barring NMDC have reacted positively to this news. The BSE Metal Index is up in the green, with JSW Steel leading the pack with an almost 4% rise at Rs.272.20

Sandur Manganese rises 8.5%

about 9 years ago

Sandur Manganese is shining bright today morning. The stock price rose 8.5% to Rs.1123.95. The high point of this month is Rs.1268.25. Its 52-week high is at Rs.1469.50.

Mercator jumps up over 6.5%

about 8 years ago

Mercator is in the limelight today after a long time. The stock price rose over 6.5% to Rs.22.75, clocking a 3.5 times surge in volumes.

DBL jumps up over 9.5%

about 8 years ago

Dilip Buildcon Ltd or DBL is currently the top gainer on the BSE, going up over 9.5% to Rs.869.80, with volumes almost doubling up.

Birla Corp goes southwards

about 8 years ago

Birla Corporation is showing a lot of action today, with volumes rising over four time but unfortunately, this journey is southwards.

NMDC battered down by protests

about 7 years ago

The stock price is bearing the brunt of this agitation too. The stock price hit an intraday low of Rs 100.25 today, going down over 6.5%.

NMDC gains 4%

about 7 years ago

NMDC gained today after 2 days of consecutive fall. It hit an intraday high at Rs.109.35, up 4%. Its 52-week high is at Rs.124.30.

Tata Steel disappoints

about 7 years ago

Tatat Steel dropped to hit a new low today at Rs.365.10, a fall of almost 4.5%; it has recouped a but but remains in the red at Rs.367 levels currentl

NMDC hits a new low

about 7 years ago

The market is happy with this development and the stock price first opened higher at Rs.89.15, up almost 3.5%. But this was not sustained and the price soon slipped to a new low at Rs.82.20

Dilip Buildcon rising almost 5%

about 7 years ago

Dilip Buildcon has been on the uptake for the last two days and has gone up 5% during this period. Today, it hit an intraday high at Rs.423, going up almost 5%.

IIP DOWN, CPI UP

about 4 years ago

CPI for August came in at 7% v/s 6.71% in July, which was widely expected; no shocks or surprises here. But IIP for July came in much lower than expected at 2.4% v/s 12.7% in June. Sectors which showed a rise were manufacturing, electricity, primary goods, capital goods, intermediate, infra and construction.

PMI MAKES THE MARKET HAPPY

about 6 years ago

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,

IIP GROWS, CPI FALLS

about 6 years ago

The IIP numbers for December indicate what we all were kind of looking for – the economic growth is slowly but surely getting broad based. After six straight months of contraction, the IIP finally turned the corner and came in positive.

POLITICS OF POVERTY AND POVERTY OF POLITICS

about 13 years ago

There is simply no denying the fact that it is economic growth alone which has helped more people get off the poverty line. The Indian economy, during the last eight years has shown a growth of over 9% in at least four years. At the same time, rural prosperity has increased. Agricultural wages have never been this high and this means increased purchasing power for rural India. Real rural wages have also

NOV IIP -LIGHTS OUT AFTER OCT BRIGHTNESS

about 14 years ago

If the Sept IIP data shocked us by showing a degrowth, October IIP came in at an unbelievable 8.2% and once again, November, as expected, slipped back to degrowth. Thankfully, it was as expected or else another positive IIP would have been very difficult to digest. Some things, even if bad are acceptable when expected

ETHICAL INVESTORS - INVESTING WITH A CONSCIENCE

about 14 years ago

Ethical investors? Somehow, when used in the context of stock market is seems more like a misnomer. And one cannot help but wonder how, where and in what does this clan, if they exist, invest in? Ethics, in simple English means doing what is morally right and if we stretch it further to the corporate world, it means being socially responsible. Thus ethical investing means putting money in companies

CSO FY13 LOWER GDP ESTIMATE - FY14 WILL BE A BETTER YEAR

about 14 years ago

It was a shocker of an estimate. At 5%, the estimated GDP was way below the widely expected figure of around 5.5 to 5.4%. And while all analysts were seen running helter-skelter, reworking their numbers, the market was sanguine, almost steady like a saint. It fell some 10-20 odd points but it did not panic

COPPER HAS 'BEAR' WRITTEN ALL OVER IT

about 14 years ago

On 1st March 2013, copper prices fell to its lowest levels since 16th Nov 2012. And post the current Cyprus debacle, risk has gone up and its May contract dropped to almost 3% at $7545/tonne and other metals, aluminium and zinc have also slipped below $2000/tonne.

STALLED PROJECTS - WILL CHIDAMBARAM REALLY CLEAR THE WAY?

about 14 years ago

The big news of yesterday, after the big speech of Narendra Modi at FICCI was Chidambaram's rhetoric. He said that the agenda of his meeting with industry honchos and top bankers in Mumbai was to identify projects which were stalled and get these 300-odd projects going.

THE GROWING GAP BETWEEN IIP AND PMI

about 14 years ago

March IIP had come in a bit better, at 2.5% v/s 0.6% in Feb and much better from the degrowth of 2.8% on YoY. And this was for the third consecutive month when it came in higher and it was at a 5- month high.

UTTARAKHAND - HELL HATH NO FURY WHEN MOTHER NATURE SCORNED...

about 14 years ago

Like the manager at a Lodge at Kund, a small village before Uttarkashi. He said that his family lived in Dehradun and he lived in Kund as there are no proper schools in Kund. He said life was very tough in Kund and all over the state, except Dehradun. He said employment opportunities

THE WEIGHT OF Q1FY14 NUMBERS - CRUSHING?

about 13 years ago

Q1 numbers are not crystal gazing; it is more about looking into the past three months and it is the past experience which is expected to give cues for the coming months. Today, the moods remain despondent, much more pessimistic than what they were at the end of Q4FY13. The first three months of the current fiscal were troubled, with rupee v/s the US dollar slipping to its lowest ever

Q1FY14 GDP - MILESTONE TO MORE PAIN AHEAD

about 13 years ago

The coming months and quarter could get even worse as all action by the govt is now only on populist, social spend and less on industry. All measures are focused on only FDI but what about the domestic industry growth? Can FDI alone today help us grow? When you go to Big Bazaar, over 80% goods that you see there are 'Made in China'. So we also need to sit down and think as to where we are headed

OCT IIP AT 16TH MONTH HIGH - BLAME IT ON DIWALI!

about 14 years ago

If the Sept IIP data shocked us by showing a degrowth, this month, in October, IIP came in at an unbelievable 8.2% as against a widely expected IIP of around 4.2%. This can be clearly blamed on Diwali.

Q2FY14 - DON'T WAIT WITH BATED BREATH FOR THE RESULTS

about 13 years ago

Expectations, this time around are much muted. No one is really talking about Q2 numbers being 'number changing' for the markets. Q1 was disappointing and with things having not really changed much, apart from UPA trying to whip up confidence with its rhetoric reform announcements; there

THE RELEVANCE OF 5-YEAR PLANS - ROADMAPS WHICH TAKE YOU NOWHERE?

about 13 years ago

The 12th Five Year Plan, 2012 to 2017 has already started in April and as 2013 also completing six months (it follows fiscal year ending), with one and half year over, one wonders what will be achieved in the next 3.5 years, especially when next year is an Election year? And time and again, one cannot help but wonder at the relevance of the five-year plans?

NAVRATANAS FOR A SPARKLING DIWALI

about 13 years ago

The festival of lights is here and like every year, we all fervently hope and pray that Goddess Lakshmi continues to bless one and all. This is also the time when we all loosen our purse strings and go shopping in full throttle. And like every year, we present a list of stocks which you should buy to ensure that your next Diwali will be even more 'dhamakedar!'.

SEPT IIP - DISAPPOINTING AND DREARY

about 13 years ago

Then came the IIP for Sept which came in at 2%, better than 0.6% in August but surely much lower than expected growth of around 3%. One could not help wonder where all the growth of the core sector got written off in the IIP? The growth in the infra sector growth was reflected partly in the IIP numbers in the form of growth in electricity

POWER SECTOR - BATTI GUL!

about 13 years ago

68% of India's power is generated via thermal and these are fueled by coal, oil and gas. Coal accounts for 55% of India's energy needs and 80% of all coal mined in India comes from the mines of Coal India and its subsidiaries. Thus it is very evident that if there is a shortage of coal, it is bound to directly affect power generation. The 12th Five Year Plan (2012-2017) has stated that coal production needs to go up to 795

RARE EARTH AND CHINA'S DOMINANCE - TO END SOON?

about 13 years ago

China itself makes up for 60% of the world demand of REEs. Three years ago, China capitalized on its monopolistic position in the rare earth industry and cut back exports, slashing it by 72% for second half of 2010 and another 30% in 2011. And the effect of this cut is already felt world over, more so for USA and Japan which depends heavily on China for its REEs. This sent the prices of the 17 elements, known

OCT IIP - DISAPPOINTING AND DISCOURAGING

about 13 years ago

But the contraction of 1.8% in October was much more disappointing, much more than what most analysts had expected. Manufacturing accounts for 76% of the IIP and its contraction of 2% is a cause for worry. Electricity falling MoM from 12.9% to 1.3% was also shocking. And while expecting festive season

NOV IIP - THANK GOD IT CAME FRIDAY EVENING!

about 13 years ago

This somehow seems to push away any hopes of recovery in the second half any time soon. At the same time, it makes one wonder whether the RBI Governor will take a respite on rate hikes once again on 28th Jan, given this shrinkage of growth. The IIP data indicates that there has been tremendous demand destruction and that means,

FIVE-YEAR PLANS - MERELY INTELLECTUAL SPECULATIONS

about 14 years ago

For us Indians, the five year plan is like a big joke. When someone does not complete the work and only makes plan, it is very common to hear people quip, "What, are you like India's five-year plans? Only plan and no work!"

SLOWING TRUCK DEMAND - HORN OK PLEASE!

about 14 years ago

The overall sector in current H1 has shown a slump of 14% and this fits right in with the IIP numbers which have been showing us month after month that industrial activity is down. Trucks (H&MCVs) are the wheels of the nation and when they move, it means

PSUs - A COMPLETE MAKEOVER REQUIRED

about 13 years ago

The talk about Coal India has now raised expectations of a 'revamp' of many other PSUs which are truly uncut diamonds. And like diamonds, they have also been categorized. Just as Emperor Akbar had accorded a status of Navratna to nine of his most prized and able ministers, the Indian Govt

NOV IIP - FROM NEGATIVE TO POSITIVE, WILD SWINGS!

about 15 years ago

The November IIP numbers are volatile and that is putting things very mildly. From a negative growth in October, we now have not just a positive but a good growth at 5.9%. Such a wild swing? A five month high IIP at this juncture somehow seems unbelievable, especially....

JOURNALISM – WHAT EXACTLY IS THAT?

about 6 years ago

For the first time ever, SEBI yesterday made eyebrows go high up and even left some mouths gaping open when it restrained host of TV channel, CNBC-Awaaz from buying, selling or dealing in the securities market. He has been directed not to give any investment advice or stock recommendations till further directions.

AN EMBARRASSMENT, NOT ANTI-INDIAN!

about 5 years ago

Infosys has time and again dealt with a lot of these issues but this one is vicious and evil. It is very rare that India Inc gets embroiled in controversies of such magnitude and this vitriolic has shocked one and all. What does one do when such right-winged opinions mar the reputation of a company?

LARGE INFRA PROJECTS - BIG DECISIONS REQUIRED

about 12 years ago

Large infra projects continue to bleed. Somehow, this hemorrhage just does not seem to stop, threatening to drain out all life blood like a hemophiliac. When the projects were announced, the market had celebrated with so much fervor but over the years, projects of big scale just do not seem to be taking off.

FOLLOW WHOM - FIIs OR DIIs?

about 10 years ago

This is how it always works - Foreign Institutional Investors (FIIs) are buyers while Domestic Institutional Investors (DIIs) are sellers and we the people, are mostly mute spectators! Many are perplexed, trying to figure out this contrarian behavior

THE NEED FOR A JAIN INDEX?

about 10 years ago

This is no joke. Both the BSE and NSE have received several requests to start a new index which is Jain compliant. There are some 4.2 million Jains in India and they do form an integral part of the investing community. But what would this Jain index really mean? Like the Shariah or Islamic beliefs and

IIP IS LEAST OF OUR WORRIES RIGHT NOW!

about 10 years ago

There was so much breaking news this week that this IIP news of today was like a whimper. Demonetization, Trump and today evening's news of independent directors supporting Cyrus Mistry on the Board of Tata Steel, while Nusli Wadia also extending his support for Mistry

Q2FY17 GDP - NO RELEVANCE IN CURRENT POST DEMONETIZATION ERA

about 10 years ago

Frankly, everything is today BD and AD - Before Demonetization and After demonetization. At least in the immediate future, the AD era will be much different from BD. Thus today's GDP for June to September has no connection whatsoever with the GDP that will come in Q3 and Q4 - the GDP of BD

Q3FY12 - WHAT TO EXPECT OR BEST, EXPECT NOTHING!

about 15 years ago

Last fiscal Q3FY11 held more promise and more than sustainability, it was about good growth. But this fiscal, Q3, especially after a not-so-good Q2 and interest regime and falling rupee, does not paint an overall good picture. A trim to the topline growth and surely a hair cut for the bottomline growth seems inevitable...

Q4FY12 - MARKET WAITS FOR THE TRIGGER

about 15 years ago

But we are now looking at Q4FY12 and FY12. And how does it look? Rating agency CRISIL put out a report and it has given a 'tepid" outlook for Q4FY12. It expects India Inc to show a decline of 200-250 bps in EBITDA margins while it has projected revenue growth at around 15% v/s 25.5% in Q4FY11.

Q2FY13 GDP - THE 'TALAASH' FOR GROWTH CONTINUES....

about 14 years ago

It's a complete non-event. With Q2FY13 GDP coming at 5.3% the market simply shrugged it off and moved on, shifting its focus back to individual stocks and the Parliament. This 5.3% number puts things right where they were, very much what RBI has been saying all along. With agri growth not really showing much improvement,

IIP OR PMI - WHICH IS A BETTER 'KAHANI'?

about 15 years ago

Over the last few months, there has been a wide scale divergence between PMI and IIP. PMI has been showing signs of rise while IIP has been down. How can such two divergent trends emerge from the same economy?

GOLD - TO BE BULLISH OR BEARISH?

about 15 years ago

Yes, what happens in the coming days in Europe and USA will decide the price of gold but currently, they both do not seem on the pilot's seat. Looks like gold is on auto pilot? And this auto pilot is being programmed by the demand in India and China. Two countries with the largest population on earth, with their domestic consumption alone

LAND ACQUISITION BILL - PRO-POOR THUS ANTI-INDUSTRY

about 15 years ago

One news, bigger than the brawl of Shahrukh Khan, which unfortunately most channels failed to debate at prime time, was the revamped Land Acquisition, Rehabilitation and Resettlement Bill. And the Parliamentary Committee which has recommended

PROJECTS WORTH RS.5 LAKH CRORE STALLED!

about 15 years ago

The effect of policy paralysis has made its strong presence felt in the GDP numbers, month after month. They have now become a set of depressing numbers, one which no one, except maybe the Opposition, looks forward to. So if GDP is down and all sectoral growth is down, naturally we are bound to see its effect on the ground too...

Q1FY13 - WHAT TO EXPECT?

about 14 years ago

Q1 numbers are not crystal gazing; it is more about looking into the past three months and it is the past experience which is expected to give cues for the coming months. Today, the moods might be a bit more optimistic than what they were last month but that does not mean that the numbers for Q1 will come in great.

WHO CARES ABOUT THE ENVIRONMENT?

about 14 years ago

As an Environment Minister, Ms.Natarajan would have surely visited a few national parks and tiger reserves over the past one year that she has been in tenure? Well, she was so busy clearing the backlog created by her predecessor that she simply did not have time to visit even one! And she is the environment minister.

AGRICULTURE LAND - APPETITE TO ONLY GROW

about 14 years ago

Do you know where the next boom is headed and a boom which will never ever taper off? The food industry. Not processed food but the primary source of all food - agriculture. And China, as usual is buying up as much agricultural land as it can and its target is Australia.

JAYANTI NATARAJAN 'NIP's AT NATIONAL INVESTMENT BOARD

about 14 years ago

She has called the NIB unconstitutional and "completely unacceptable". She says that when her department, the Environment department rejects a proposal, on grounds of violating environment laws, then no panel should have the power to overrule that decision. Oh really!

BEST BUYS FOR DIWALI

about 14 years ago

The festival of lights is here and like every year, we all fervently hope and pray that Goddess Lakshmi continues to bless one and all. This is also the time when we all loosen our purse strings and go shopping in full throttle. And like every year, we present a list of stocks which you should buy to ensure that your next Diwali will be even more 'dhamakedar!'.

UFLEX AND THE PECULIARITY OF ETHICAL INVESTORS

about 13 years ago

So how can an investor buy into such a 'Jekyll and Hyde' company? With two opposite faces, one of being a financially sound company and the other of a dubious reputation go hand-in-hand? The Satyam story is still too fresh in our minds to ignore such signals. 21 foreign institutions/banks, 15 mutual funds and 66 FIIs together have a 7.68% stake

UNION BUDGET FY15 - NO BIG BANG, GOVT SHOWS INTENT

about 12 years ago

For most part of the Budget, it sounded almost like a Congress Budget, except that the speech was longer, Mr.Arun Jaitley took a five minute break and there were so many micro issues in the Budget that one minister was actually caught on TV with a huge yawn! It would be really unfair for us to expect this 6 week old Govt to announce huge Big Bang measures in this Budget.

TECHNICALLY, WE ARE INTO A RECESSION

about 6 years ago

As against wide-spread estimates of a 8.2% to 8.6% contraction, GDP for Q2 came in at much better at (-)7.5% v/s (-)23.9% and GVA contraction was at 7% v/s (-)22.8%. The improved GVA in manufacturing, electricity and farm production led to the lesser-than-expected contraction.

RS.3 PEN TIED IN BANKS WHILE SCAMSTERS EMPTY THE COFFERS!

about 9 years ago

The horses have run out of the stable and the door is now being closed. That’s how one feels on reading that 36 scamsters have already fled the country and we are left sifting through the muck, working relentlessly on extradition while the tax payers money gets wasted, time and again. While RBI and finance ministry continue with their blame game, we can only watch helplessly as banks get heisted.

NOT IIP BUT ELECTION OUTCOME TO IMPACT MARKETS

about 10 years ago

Lower base effect. That’s what has helped the January IIP look so good at 2.7%; both YoY as well as MoM, the number looks much ahead of all estimates. The demonetization effect is seen tapering off and that it what has helped the MoM numbers bounce back. The capital goods sector is what helped boost this IIP

COAL INDIA NEEDS TO BE RESCUED – NITI AAYOG SHOWS THE WAY!

about 9 years ago

The Children’s Investment Fund (TCI), a UK based hedge fund, way back in 2012, while holding just 1.1% stake in Coal India while Govt held 90%, had created a huge furor as it threatened to sue CIL for bowing down to the sarkar, the Govt, when it came to pricing. It had substantial evidence to backup the pressure tactics used by the Govt on CIL. It had obtained an official letter under the Right to Information Act

PMI OR IIP – WHAT WILL RBI LOOK AT?

about 9 years ago

The call for a rate cut, not 25 bps but a 50 bps just got louder! Today, the Nikkei India Manufacturing Purchasing Managers Index (PMI) was announced. It came in at 47.9% for July v/s 50.9% in June. This is for the first time this year that manufacturing has contracted and this is at the lowest level since Feb 2009.

RBI CUTS RATES – MARKET MERELY YAWNS!

about 9 years ago

Damned if you do and damned if you don’t! That in short is how the market reacts to RBI policies. If RBI had not announced a 25 bps cut, the markets would have tanked, expressing deep anguish. And now that RBI has announced a 25 bps rate cut, the market felt, “what’s the big deal?” and citing this as a “no surprise” policy, ended the day in the red.

THE NEW FDI POLICY – APPLE LAUGHING ALL THE WAY!

about 9 years ago

A new FDI policy was ushered in, effective since Monday, 28th August. This is an annual exercise undertaken by the Department of Industrial Policy and Promotion (DIPP). And this time around, it is a consolidated policy, which is a compilation of the various decisions taken by the government in the past one year.

WORRISOME NUMBERS – NEED URGENT ACTION NOW!

about 9 years ago

The statistics is out – inflation is slowly but surely raising its head and growth is showing sure signs of a slowdown. The August retail inflation or CPI came in higher at 3.36% v/s 2.36% in July while it was -0.1% in June. YoY, surely there has been an improvement from 5.5%. Driven mainly by rise in food prices, this was price rise for Aug’17 was much higher what was estimated by most analysts.

INDIA IS FASTEST GROWING ECONOMY IN THE WORLD……

about 9 years ago

Looks like the demon of demonetization and GST is far, far behind us; at least that is what the Q3GDP numbers indicates. In fact we are doing so well that we have surpassed the growth rate of China and believe it or not, we are the fastest growing economy in the world. India’s GDP for Q3FY18 rose 7.2% v/s 6.3% in Q2 and up from the 3-year low of 5.7% in Q1.

DOUBLE DHAMAKA! MACRO CHEERS AS MARKET SOARS OVER 600 POINTS!

about 9 years ago

It was a BIG surprise and the upward rally that we saw today could get some momentum with this macro data. IIP for January rose while CPI for February fell – this is like the best case scenario. Thanks to overall softening of prices, led by prices of vegetables and food, CPI came in at 4.4% v/s 5.07% (MoM).

BEKAARI DATA IS BEKAAR?

about 9 years ago

A country which tracks CPI, WPI, IIP, Fiscal deficit, GDP, forex kitty and so obsessed about growth – how come this macro data is simply not considered to be important enough? Well, there is one small way in which we can save our face – Center for Monitoring Indian Economy (CMIE) provides a day-to-day unemployment data – it is displayed on the BSE website, right above the Sensex ‘up and down’ data – right on the masthead!

LAFARGE KI PASAND - NIRMA!

about 10 years ago

Nrima taking over Lafarge India's assets for $1.4 billion or Rs.9300 crore comes as a wonder - one cannot help but hear "washing powder Nirma, ddodh si safedi..." playing out in the mind. If you look at this phenomenal journey of Nirma, one cannot help but once again get baffled by the possibilities of human endeavor.

POLITICS DIGS THE GRAVE FOR VENEZUELA

about 8 years ago

You cannot help but wonder – how did this richest country in Latin America, with one of the largest oil reserves in the world get be where it is today. We have seen the rags-to-riches story replay around a lot of living people but this happening to a country?

MARKETS LOOKING MUCH BEYOND IIP AND CPI

about 8 years ago

July IIP came in at 6.6% v/s 6.9% (MoM) and the retail inflation or CPI for August was at 3.69% v/s 4.17% (MoM) – this is a 10-month low. So inflation cools down and growth was steady.. that in short is the story of today.

0.5% GROWTH! IS THAT GROWTH AT ALL??

about 8 years ago

Last Nov, growth was fantastic where growth was over 8% and with that kind of a base effect, naturally, expectations were low. But it was surely a shocker to see an IIP of 0.5% v/s 8.1% (MoM) for Nov!

PMI INDICATES OPTIMISM WHILE IIP SHOWS PESSIMISM

about 7 years ago

Today the manufacturing PMI for May was announced. The Nikkei Manufacturing Purchasing Managers' Index increased to 52.7 in May from April's eight-month low of 51.8. The good news is that it grew and secondly, it remained above the 50-mark threshold that separates growth

AS GROWTH SLOWS, FDIs TO THE RESCUE, AGAIN!

about 7 years ago

After the roll backs on Friday and RBI surplus transfer, there was another shot in the arm yesterday late evening. The Govt’s favourite go-to to boost the economy, Foreign Direct Investment (FDI) got further liberalized.

ROUND FOUR – COAL, SPACE AND AVIATION GET WINGS

about 7 years ago

Today’s announcements, round four, if they had come in when the markets were open, would have sent the indices soaring. What once again felt like a Union Budget, the FM’s announcements today were for the industry. The FM ushered in structural reforms which focused on eight sectors

UNEMPLOYMENT – NOT A THING FOR PROTESTS

about 7 years ago

The Pandey family residing in Ghatkopar has six brothers, each one of them owned a shop, some selling electronic items, some selling groceries and some running xerox shops. In their community they were considered to be very well-to-do

L&T ORDERS BOOM – REFLECTION OF THE SECTOR?

about 6 years ago

It is said that the financial performance of Caterpillar was a reflection of the capital goods sector in USA and here in India, it remains Larsen & Toubro (L&T). Well, the performance was not exactly trailblazing in Q2FY21 but Q3 order intake seems to be relentless.

JUNE CPI RISES WHILE MAY IIP SURPRISES

about 10 years ago

For the market, IIP no longer seems to hold much relevance. The overall feeling is that is does not really give the true impression of what is happening on the ground. As such, before the end of this year, the base year for calculation of IIP and WPI will be changed from the current 2004-05 to 2011-12.

ETHICAL INVESTORS - IS IT POSSIBLE FOR A CAPITALIST TO BE A PURIST?

about 11 years ago

Ethical investors? Somehow, when used in the context of stock market is seems more like a misnomer. And one cannot help but wonder how, where and in what does this clan, if they exist, invest in? Ethics, in simple English means doing what is morally right and if we stretch it further to the corporate world, it means being socially responsible. Thus ethical investing means putting money in companies

UNION BUDGET FY15 - GAINERS & LOSERS

about 12 years ago

For most part of the Budget, it sounded almost like a Congress Budget, except that the speech was longer, Mr.Arun Jaitley took a five minute break and there were so many micro issues in the Budget that one minister was actually caught on TV with a huge yawn! It would be really unfair for us to expect this 6 week old Govt to announce huge Big Bang measures in this Budget. Yet, in the short span of time, the Govt did announce a lot of sops.

GDP saves the day!

about 12 years ago

With all the negatives looming as Delhi exit polls being unfavorable towards BJP, GDP number which was released later during the day, can bring some smiles to Tuesday's trading. GDP growth rates for Q3FY15 stood at 7.5% while FY15 advance estimate is 7.4%.

THE NEED FOR A JAIN INDEX?

about 12 years ago

If there is a Shariah Index, the question being asked is, "why not a Jain Index?" This is no joke. Both the BSE and NSE have received several requests to start a new index which is Jain compliant. There are some 4.2 million Jains in India and they do form an integral part of the investing community.

ANNUAL REPORT OF RBI FOR FY14 - IGNORE IT AT YOUR OWN PERIL

about 12 years ago

One can ignore the RBI Annual Report for 2013-14, saying that it's a lot of mumbo-jumbo, too much macro economic data, that too of a year gone by. But therein lay the ignorance. There are so many cues which one can collate from this Report for the current year. Like reading the Chairman's Message

Q1FY15 GDP CRACKLES! GANPATI BAPPA MORYA!

about 12 years ago

After nine quarters or two years and a quarter, India's GDP for current Q1FY15 came in much higher than expected at 5.7%, which is 100 bps higher than 4.7% recorded in previous Q1. India Inc could not have welcomed Lord Ganesha with a bigger bang! The festive cheer only got better and lights seem to be shining brighter!

SC VERDICT ON COAL - BOLD AND APT

about 12 years ago

It was a bold decision of the Supreme Court. Cancelling 214 coal blocks allocated over the past two decades, is most certainly a tough verdict. But it sent out the perfect message - no more squandering away our national resource while ushering in transparency and good governance.

THE BEST SUSTAINABLE BUY - AGRICULTURE LAND

about 12 years ago

Do you know where the next boom is headed and a boom which will never ever taper off? The food industry. Not processed food but the primary source of all food - agriculture. And China, as usual is buying up as much agricultural land as it can and its target is Australia.

AUGUST IIP - VERY UNCOMFORTABLE NUMBERS

about 12 years ago

The optimism seen in Q1 seems to be waning. This IIP number for August is pretty ugly at 0.4% v/s 0.5% in July, the culprits being manufacturing and consumer durables. Basic good is the only one which has posted a decent growth; indicating that probably construction and real estate are the only activities happening.

SBI COMPOSITE INDEX - BETTER INDICATOR THAN IIP OR PMI?

about 12 years ago

Better late than never. We finally have an Index, just like HSBC's PMI index and it comes from none other than State Bank of India (SBI), the largest public sector bank in India. This is an idea which was waiting to happen and probably it took SBI a few months or maybe even years to finally put this Index into place. Instead of following HSBC's index, through which we try to draw inferences for IIP,

RBI's FINANCIAL STABILITY REPORT - PLIGHT OF THE PSU BANKS

about 12 years ago

In the 2013-14 Financial Stability Report, an annual feature paints a very gloomy picture for the Indian banking sector. In comparison, its picture about the Indian economy is much rosier and optimistic. But it's like this - if one limb of the body fails, the entire body gets affected. So when something as vital

FEBRUARY IIP - COMES AS A PLEASANT SURPRISE

about 12 years ago

The February IIP numbers took everyone by pleasant surprise. Coming in at 5% v/s 2.6% in January, this was much more than what was expected by majority of analysts. This is reportedly a 18-month high and the best news here - manufacturing activity was at its best, it grew at the fastest

Q3FY16 - REALLY, DON'T GET OUT THE VICTORY TRUMPETS YET!

about 11 years ago

The third quarter ended 31st Dec 2015 GDP came in at 7.3%, very much in line with what most expected. But the good news here was that the GDP estimates for FY16 was revised upwards to 7.6% v/s 7.2%, that of Q1FY16 was revised upwards to 7.6% from 7% and that of Q2FY16 to 7.7% to 7.4%.

Adani Enterprises' Restructuring: Solving the Puzzle

about 12 years ago

Post the Composite Scheme of Arrangement announced by Adani Enterprises last Monday on 25th May 2015, all 3 listed stocks of the Adani pack (Adani Enterprises, Adani Port and Adani Power) have been in the limelight for falling sharply. We have solved this 'complex' puzzle for the benefit of our readers and company shareholders at large.

Q1FY16 RESULTS - ANOTHER QUARTER OF MUTED PERFORMANCE

about 11 years ago

The first big wig Q1FY16 performance will come from an IT company; thankfully that tradition remains intact and so does the fact that IndusInd Bank will hold the mantle of being the first private sector bank to announce its performance. But what has changed is that Infosys is no longer the first IT company; it has given up that tradition ever since Sikka took over. This honour, of being first, now lay with TCS. It will be announcing its results on 9th July and like what we have seen in the past, it could be much later in the evening, after market closure.

FINALLY SOME GOOD NEWS ON IIP AND CPI FRONT!

about 11 years ago

After the depressing markets and the even more disturbing happenings in the Parliament, the CPI and IIP data which came in later in the evening were worth cheering. At last some good news! First July CPI. Food inflation came in at 2.15% v/s 5.48% (MoM) and that alone helped the overall CPI come at down at 3.78% v/s 5.4% (MoM).

HUMAN STORY OF CHINA's CRASH - SCARIER THAN ECONOMIC PICTURE

about 11 years ago

Unlike India, where FIIs, DIIs and HNIs rule the markets, with retail investors forming just a fraction of the stock market investing population; in China 80% of the investment in stock markets comes from retail investors. And that in a nutshell brings us to the moot point of this story - the human element of the crash.

Q1FY16 GDP - AN INDICATOR THAT GOVT BETTER BUCKLE UP, FAST

about 11 years ago

The Q1FY16 (April to June 2015) was largely expected to be around 7.5%. And it came in at 7%, down sequentially from 7.5% but up from 6.7% (YoY). Recovering to be consolidating if not gathering momentum; that was the perception but these numbers come as a disappointment. Given the lower energy, commodity prices, one would have seen discretionary production but this number shows that there has been some staggering of growth.

SAGA OF GLENCORE - CHINESE PLAYING THE VIOLIN AS IT BURNS

about 11 years ago

Glencore, one of the world's largest resource or commodity company is sending shivers down the spine of metal/mining and commodity companies. The Anglo-Swiss giant is sitting on a debt of over $30 billion and its earnings today are not enough to even service the debt. There was major fear of default at the beginning of the week after

Q2FY16 RESULTS - TO BE Q1 'ACTION REPLAY'

about 11 years ago

The countdown has begun to the Q2FY16 numbers. Earlier it used to be Infosys which used to kick start the earnings season; no longer so after the new management took over. Nowadays this crown of being the "first" is held by IndusInd Bank which will declare its numbers on 9th Oct.

WPI, CPI AND IIP DATA TO GET A MAKE OVER?

about 11 years ago

Every time that the IIP data comes in, we kind of shrug our shoulders and say, "what else". Ditto for inflation data, especially WPI which has been showing a deflation while on the CPI front, the RBI Governor is grappling with rising prices. We just look and move on - somehow, faith on these numbers has suffered a blow.

COMMODITIES - SWIMMING NAKED AS TIDE GOES OUT

about 11 years ago

Warren Buffett's famous quote, "Only when the tide goes out do you discover who's been swimming naked" seems so apt for the commodity prices right now. China is the tide - when it was high tide, all commodities made merry and now that there is ebb, most are left naked, left to bake in the sun and wither away.

Hind Copper - Itni TEJI kyun hai Bhai?

about 6 years ago

We refer to our artcle carried here on 24th Dec 20, “Hindudstan Copper - an untapped GOLD Pot” wherein worth of Hindustan Copper (HCL) was narrated, when share was ruling at Rs. 61