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Capital First at a new high

about 9 years ago

Capital First hit a new 52-week high today at Rs.902, rising over 8%, clocking volumes of over 3 times.

Capital First hits new high

about 9 years ago

Capital First hit a 52-week high today at Rs.839, the highest level since Jan 2008; after which it now stands at Rs.822, up around 2%.

IDFC Bank and Capital First in the limelight

about 8 years ago

IDFC Bank rose 8.5% to Rs.41.50 and Capital First was up almost 7% at Rs.569 and the mood on both the counters remains upbeat.

Capital First hits a new high

about 13 years ago

Capital First has today shown an almost 5 times spike up in volumes and it has hit a new 52-week high at Rs.182.50. Though it has come off this high, it remains up over 13% at Rs.177 levels. An NBFC, which lends mostly to the SME sector and offers loans for gold, durables and two-wheel ...

Capital First: Winner all the way!

about 12 years ago

V Vaidyanathan-led Capital First is up 5.27% by Rs. 20 and is currently trading at Rs. 413 per share, on back of strong volumes. In first 90 minutes of trade, over 2.6 lakh shares have changed hands, on BSE and NSE combined, against 2 week average daily volumes of close to 1.5 lakh shares. Ca ...

CAPITAL GOODS - TIME TO BUILD ON THE STOCKS?

about 12 years ago

The numbers of the past few months for IIP have been uncomfortable and within those numbers, Capital Goods have progressed pretty slovenly. Aug Capital goods number came in at a negative 11.3%, worse than a fall of -3.8% in July. The number in June was suspiciously very good at 23%

First Winner Industries: WISDOM OF SBI IN GIVING Rs 207 CRORE

about 13 years ago

SBI released an ad on 12th October 2013, for notice of Defaulter Director/Guarantor by Mr. Rinku Patodia and Ms. Anita Patodia, with respect to 4 private companies related to BSE-listed First Winner Industries, with defaults aggregating Rs. 142 crore plus interest. A deeper digging into the facts of the case leads one to questions the wisdom of SBI in granting these financial facility.

CAPITAL GOODS - TIME TO BUILD ON THE STOCKS?

about 13 years ago

This maybe a new found sense of optimism but have taken a look lately at the capital goods sector? The sector is in the green while others like banking, PSU, Healthcare and FMCG are trending in the red. Of the 20 stocks in the sector, 14 are in the green, led by BHEL, Thermax, ABB,

IDFC First Bank remains subdued

about 8 years ago

IDFC First Bank is steadfast since morning among the top three losers on the BSE. The stock opened itself with a loss of 6% at Rs.46.40, going down over 10% to Rs.44.20

CAPITAL GOODS – ARE THEY GOOD TO BUY?

about 10 years ago

IIP numbers for past few months, despite the demonetization was good. January IIP looked good at 2.7% - the lower base effect as well as the bounce back in the capital good sector is what helped boost the IIP. In fact capital goods has been showing good improvement – for January it came in at 10.7% v/s -21.6% (YoY), which clearly shows that things are slowly but surely showing improvement.

IDFC First in the limelight

about 7 years ago

After two days of continuous fall, IDFC First Bank opened 2.3% higher, going on to hit an intraday high at Rs.41.75, a rise of 10%.

Reliance Capital gains almost 4%

about 14 years ago

Reliance Capital is a big gainer on the BSE currently, up almost 4% at Rs.326, its current intra day high point. The stock had closed yesterday at Rs.314. Market cap of the company is at Rs.8012 crore. The stock is up on unconfirmed reports that the company is spin off its consumer lending b ...

AB Capital has a bumper listing!

about 9 years ago

The financial services arm of AV Birla group, Aditya Birla Capital got listed on the BSE today at Rs.261.20 as against expectations of around Rs.120-140.

Reliance Capital jumps up

about 11 years ago

Reliance Capital is currently figuring out amongst the top gainers on the BSE with the stock rising to an intra day high of Rs.401.60 and low of Rs.377. The stock is presently up 5% at Rs.398 levels. The stock is up on news that Nippon Life Insurance has signed definitive agreements to incre ...

BHEL and capital goods on the rise

about 12 years ago

BHEL is doing well today, opening Rs.2 higher and going on to hit an intra day high at Rs.275.75, up almost 3%. Other capital goods stocks like Thermax, ABB, BEML, Crompton Greaves and L&T are all in the green. This sudden liking for capital good stocks is optimism rising from the latest ...

5paisa Capital hits 10% UC

about 8 years ago

5paisa Capital hit the 10% UC at Rs.223.20, the moment it opened for trading today.

5paisa Capital hits 10% UC

about 8 years ago

5Paisa Capital is one volatile stock. Ten days ago, it was locked at the 5% LC and today, it was locked at the 5% UC at Rs.279.30 the moment it opened for trading.

Reliance Capital down almost 7%

about 7 years ago

Reliance Capital today opened with a loss of almost 5.5% at Rs.88.90 and went on to hit an intra day low at Rs.87.55, going down 6.8%.

Return on Capital Employed

about 8 years ago

Return on Capital Employed (RoCE) measures the success of a company in generating profit on capital invested.

RIGHT OF FIRST REFUSAL - AN OFFENSIVE OR DEFENSIVE LEGAL DEVICE?

about 14 years ago

Jet Airways has crash landed today, after flying high on the wings of Etihad deal. And once again, at the center of this whirlpool is the Right of First Refusal (RoFR) agreement. This sounds familiar as this was the same clause on which SEBI had raised objections to the Diageo - United Spirits deal. Going ahead, this is probably one clause which might come up time and again when such huge deals are struck

Short Term Capital Gains

about 8 years ago

Gain arising from a listed securities, equity oriented Mutual Funds and zero coupon bonds held for less than 12 months is known as a Short Term Capital Gain (STCG), as per local Income tax regulations.

Return of Capital vs Return on Capital

about 8 years ago

The term return of capital gained significance in finance and especially the lending world (banks, NBFCs) of late, as NPAs started mounting and lenders were forced to concentrated on return of capital (principal loan amount) instead of the return on capital (interest on loans).

FIRST CREDIT POLICY FROM MPC - MAKES IT MEMORABLE!

about 10 years ago

The MPC and Urjit Patel did what was most logical and probably what was widely expected - a 25 bps rate cut. All the six members voted unanimously for this cut; the score was 6 to 0. So the new Governor has struck the right chord with his first policy - he did not have the charm and charisma

Reliance Capital on LC, again

about 7 years ago

On one hand, elder brother’s stock is hitting historical new highs and younger one is consistently locked in lower circuits. Reliance Capital was locked at the 5% LC yesterday at Rs.19 and today too,

IDFC First Bank at new high

about 6 years ago

The stock, which had closed yesterday at Rs.58.10, went on to hit a new high today at Rs.62.40 and continues to trade at Rs.61 levels.

Home First up 9%

about 9 months ago

The stock has been moving within a 52-week range of roughly Rs. 878 to 1,519, implying a market capitalisation of about Rs. 12,300 crore at current levels.

Capital Infra Invit

about 2 years ago

No Trust in Capital
Subscription Start Date :7 Jan 2025 End Date :9 Jan 2025
Issue Size : Rs. 1,578 cr, Issue Type : Fresh cum OFS
Price Band : Rs.99 to Rs. 100
--------------------------------------------------
Overall Subscription : 2.8x
QIB : 0.93x,HNI :5.08x
Listing Date : 17 Jan 2025, , Listing Price : 99

Ugro Capital at 10% UC

about 5 years ago

The stock which had closed yesterday at Rs.179.15, opened today at Rs.186.35 and went on to hit the 10% UC of the day at Rs.197.05

Home First

about 6 years ago

Verdict :Exorbitant Pricing
Subscription Start Date :21 Jan 2021 End Date :25 Jan 2021
Issue Size : 1154 crore, Issue Type : Fresh cum OFS
Price Band : Rs.517 to Rs. 518
--------------------------------------------------
Overall Subscription : 26.7x
QIB : 52x,HNI :39x,Retail :6.6x
Listing Date : 3 Feb 2021, , Listing Price : 612

FIRST POLICY OF FY19 – WHAT A SHOT!

about 9 years ago

As was widely expected, RBI maintained the status quo; there was no change in the interest rates. Yet, the RBI indicated there was so much to celebrate in this year! With elections coming next year, surely today’s policy reads like the report card of a very bright, A+ student, with no blips whatsoever on the horizon.

RAJAN'S FIRST CREDIT POLICY - FOLLOWS FOOTSTEPS OF PREDECESSOR

about 13 years ago

Like his predecessor, Dr.Subbarao, Rajan too kept his eye on inflation and hiked repo rates by 25 bps to 7.5%. The market was shocked. Then in Marginal Standing Facility (MSF) rate, expectations were around a cut of around 50 bps and it came in much higher at 75 bps at 9.5%. MSF is a tool wherein banks will be able to borrow upto 1% of their respective Net Demand and Time Liabilities. This is used to reduce volatility

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 ...

Capital SFB

about 3 years ago

May not ‘appreciate’ your capital
Subscription Start Date :7 Feb 2024 End Date :9 Feb 2024
Issue Size : Rs. 523 cr, Issue Type : Fresh cum OFS
Price Band : Rs.445 to Rs. 468
--------------------------------------------------
Overall Subscription : 4x
QIB : 6.64x,HNI :4.05x,Retail :2.49x
Listing Date : 14 Feb 2024, , Listing Price : 430

DAM Capital

about 2 years ago

Priced To Perfection
Subscription Start Date :19 Dec 2024 End Date :23 Dec 2024
Issue Size : Rs. 840 cr, Issue Type : OFS
Price Band : Rs.269 to Rs. 283
--------------------------------------------------
Overall Subscription : 82.08x
QIB : 166.33x,HNI :98.62x,Retail :27.13x,Other :40.55x
Listing Date : 27 Dec 2024, , Listing Price : 393

Tata Capital

about 1 year ago

Merger Spoils the Party
Subscription Start Date :6 Oct 2025 End Date :8 Oct 2025
Issue Size : Rs. 15,512 cr, Issue Type : Fresh cum OFS
Price Band : Rs.310 to Rs. 326
--------------------------------------------------
Overall Subscription : 1.95x
QIB : 3.42x,HNI :1.98x,Retail :1.1x,Other :2.92x
Listing Date : 13 Oct 2025, , Listing Price : 330

What does equity share capital mean?

about 12 years ago

What is Capital Adequacy Ratio for banks?

about 11 years ago

First Winner Inds

about 19 years ago

Price Band : Rs. - to Rs. -
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First listing of 2016!

about 11 years ago

Narayana Hrudayala made heartwarming debut on the bourses today. The stock got listed on the NSE at Rs.299, a good 20% higher than the issue price of Rs.250/share. It went on to hit an intra day high of Rs.316. The stock had got subscribed 8.67 times, raising Rs.184 crore fr ...

What is Capital Adequacy Ratio (CAR)?

about 10 years ago

Home First lists at premium

about 6 years ago

The stock debuted today on the BSE at Rs.612.15 and at Rs.618.80 on the NSE v/s the IPO price of Rs.518.

IDFC First hits new high

about 4 years ago

Reacting to this positive report, the stock price rose almost 10% to hit a new 52-week high at Rs.54.15 on the back of very robust volumes.

IDFC First on a new high

about 4 years ago

The stock s on a fantastic run today. The stock, which had closed on Friday at Rs.61.57, opened higher today at Rs.64 and rose to hit a 2-year high at Rs.65.20.

IDFC First slumps on fraud

about 8 months ago

The stock opened at Rs. 75.21 and hit an intraday low of Rs. 66.85, with volumes spiking to 161.20 lakh shares and turnover of about Rs. 109.85 crore, as the market priced in near-term uncertainty.

Bank Of Maharashtra - Tipped to be the first PSB for privatisation ?

about 6 years ago

This privatisation move is likley to evince strong interest by NBFCs

FUTURE CAPITAL HOLDINGS

about 19 years ago

Price Band : Rs. - to Rs. -
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FUTURE CAPITAL HOLDINGS

about 19 years ago

Price Band : Rs. - to Rs. -
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Aditya Birla Capital in green

about 6 years ago

The stock, which had closed yesterday at Rs.115.45, opened higher today at Rs.117.75 and went on to hit an intraday high at Rs.122.

Samman Capital gete some samman

about 7 months ago

Currently, the second top gainer on the BSE, the stock was trading around Rs. 154.45, up from a previous close of Rs. 138.40, after opening at Rs. 144.40 and moving to an intraday high of Rs. 155.30 (low Rs. 143.10, VWAP Rs. 151.21).

Indostar Capital buzzing loud

about 3 years ago

Opening over 5% higher at Rs.184.65, which is also its current intraday high, the stock remains firmly in the green trading over 2% higher. Its 52-week high is at Rs.197.50.

Centrum Capital up 19%

about 5 years ago

The stock, which had closed yesterday at Rs.39.95, opened today at Rs.46.80 and went up 19% to hit an intraday high at Rs.47.65, not too far from its 20% UC of the day

Capital market stocks rally

about 7 months ago

The move triggered a broad risk-on rotation across the “market infrastructure + broking + wealth/AMC” basket, with Motilal Oswal Financial Services up 8% and BSE up 6.9%, while names such as Angel One, CDSL, CAMS, Kfin Tech, Nippon Life India AMFI, HDFC AMC, IEX and MCX

THE LOKPAL BILL - NO JOKES, FIRST STEP IN RIGHT DIRECTION!

about 13 years ago

Lokpal is the literal sense, a Hindi word, means 'protector of the people' and this Bill aims to be true to its words. Born out of rampant corruption, this Bill aims to curb corruption by punishing bribe taking officials and basically, bring down (rooting out such a deep rooted poisonous ivy seems

Aditya Birla Capital in the limelight

about 7 years ago

Post this development, Aditya Birla Capital, the stock price has been rising for the last 2 days, gaining 5% during this period. The stock touched an intraday high at Rs.92.55, rising almost 2.5%.

What is meant by 'Right of first refusal'?

about 11 years ago

KEEP AN EYE ON - FIRST ECB AND THEN THE FED

about 15 years ago

There is really a very small section of analysts who believe that ECB could cut borrowing costs, which as such is at a historic low of 1%. Majority confer that, and rightly so, that the ECB meet will be status quo, no decision will be made. The ECB wants to convey to the EU...

MAHARASHTRA BUDGET FY13 - YOUR COST OF LIVING RISES FURTHER

about 15 years ago

The investors in Mumbai, the commercial capital surely have more than their share of stress. Not their day-to-day life tensions of commute, cost, house, loans, crowds, traffic, filth and many more; and over and above this, it has to comprehend with first the Union Budget and now, today,

M&M revvs up into first gear

about 14 years ago

Mahindra & Mahindra is currently the top gainer on the BSE, up almost 2.5% at Rs.972, its intra day high and its low point is at Rs.960. The stock is up after the company announced a multi-structured deal entering, through a share swap with CIE auto of Spain. M&M will be buying 13.5% ...

First Leasing hits the bottom

about 13 years ago

First Leasing has hit the 20% lower circuit at Rs.26.80, a 52-week low. Volumes have doubled with more sell orders pending on the counter. The stock has hit this bottom after the company issued a Press Release today morning, stating that RBI has barred the company from doing any business und ...

Bombay Dyeing under PE lens, up 14%

about 13 years ago

Bombay Dyeing is up nearly 14% in trade this Monday morning, with heavy volumes of close to 5.8 lakh shares on BSE in the first hour of trade against two-week average of 1.47 lakh shares. Press reports suggest that marquee PE names such as WL Ross, Sequoia Capital and JC Flowers ar ...

DEC – FIRST WEEK ACTION-PACKED!

about 6 years ago

Today, we begin the last month of this year; a year which we all want to get over with as quickly as possible. This will be a truncated week as we have only four days of trading but the it is action-packed and there is the promise of a lot of drama too.

AS CASH SWELLS, DISTRIBUTION GETS INNOVATIVE

about 13 years ago

Today, Castrol announced an excellent way to distribute its cash, a different kind of a bonus to its shareholders. It announced a reduction in its share price from Rs.10 to Rs.5 and instead of adjusting this into the share capital, the company, in a first of its kind move, is returning the remaining Rs.5 to its shareholders and reducing the share capital. After the offer, the share capital of Castrol will be reduced to

Cochin Shipyard docks first time on BSE

about 9 years ago

The buzz in the Grey Market was very loud and based on that, it was expected that it would list at around Rs.550 as against the IPO price of Rs.432/share. And it did not disappoint – it got listed on the BSE at Rs.435.

WIPRO SHOWS WHAT LIES AHEAD

about 7 years ago

The first Q4FY20 earnings came in today evening – Wipro. And we have TCS tomorrow. But today’s earnings of Wipro can give us an inkling about what to expect in the days ahead, at least when it comes to IT companies

FALLING RUPEE AND CROUCHING MARKETS

about 8 years ago

The culprit is undeniably the falling rupee. It rupee crossed the Rs.73-mark today morning and the fall seems to be relentless, with no real anchor in sight. On the other hand, crude oil prices have hit a multi-year low. Brent crude oil prices breached the $85 per barrel mark yesterday for the first time

ARCHEGOS –FAMILY OFFICES SPLIT WIDE OPEN

about 6 years ago

Almost every person we spoke to today first wanted to know what this “Archegos Capital” debacle was all about. And when we started explaining, the quick retort was, “Is this another Lehman crisis? Will it affect India?” That’s all – that’s the bottomline; if it impacts India then tell us the details or else, well, its ok not to know everything!

ROUND TWO – BALM FOR WORST IMPACTED

about 7 years ago

After yesterday’s first round, there was a big hullabaloo about how the package had nothing for those suffering the most – the daily wage earners, the migrants, farmers and even tribals. So today’s tranche of the stimulus was entirely about people on the lowest rung or not even there on any economic ladder.

US FED HIKES RATES; PENCILS THREE INCREASES IN 2018

about 9 years ago

Jerome Powell, the new chairman of the Federal Reserve held center stage. His first interest rate decision as Fed Chairman and first news conference came at a difficult time what with Trump triggering off a tariff war.

UNION BUDGET FY19- IT’S ALL ABOUT BHARAT

about 9 years ago

In one word – good. This is a good Budget. Maybe the first 20 minutes or so sounded more like an Election speech, getting ready for 2019 but from then on, it has been a well thought of, detailed Budget. We talk about rising inequality and inclusive growth – well, this is Budget is all about the farmer and rural India; trying to raise people on the lowest rung of the economic ladder to a higher rung and bringing in more to the ladder at least.

RBI GIVES BANKS SOME SHARP TEETH - BUT WILL THEY BITE?

about 12 years ago

Thus given this dismal picture, in this background, today's news from RBI could come as some relief for the banks. It has now given banks the option of becoming a 51% equity owner of the borrowing company when it decides to restructure loans. Based on guidelines on Joint Lenders' Forum (JLF) and Corrective Action Plan (CAP), RBI has stated that the general principle of restructuring should be that the shareholders bear the first loss rather than the debt holders.

JUNE IIP – GST LEAVES A TELLING EFFECT

about 9 years ago

Almost like a precursor to the IIP data for June, the Economic Survey Volume II, which was tabled during the day in the Parliament today, probably for the first time, held a pessimistic view on growth forecast. It has taken into account a downward risk emerging to the earlier estimated GDP growth of 6.75% to 7.50% for FY18.

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.

FY18 BEGINS WITH A BIG BANG – LET’S KEEP THE SAME SPIRIT ALIVE!

about 10 years ago

Today was the first day of FY18 and what a day it has been! The BSE is “Oh! So close!” to the 30,000-mark and the NSE too hit a record high and 10,000 does not seem too far away. It is like as though the market wants to convey to the world – be it 1st Jan or 1st April, Indian markets are on a high!

IIP FOR APRIL - FASTEST GROWING ECONOMY IN WORLD SHOWS A DEGROWTH????

about 10 years ago

A week ago, the headlines screamed that India was the fastest growing economy in the world. And today, IIP data for the first month of FY17 starts with a degrowth. IIP for April came in at -0.8%. This was broadly expected as IIP in March has literally been held by a thin shard of thread in the green at 0.3%.

RBI CREDIT POLICY - MOVING BEYOND INTEREST RATES

about 11 years ago

No surprises on the rate cut front but surely, the RBI went all out to address the liquidity crunch by easing on various fronts. This is a first - the RBI has shown that rate cut alone is not the only arsenal; it can help resolve the liquidity issues and help better transmission through other policy easing measures. This is huge as it actually means a reversal of six years of policy where banks and bond markets have always operated in deficits

THE BRIGHTEST SPARKLERS FOR THIS DIWALI

about 11 years ago

Today is an auspicious day, Dhanteras, the first day of the five-day Diwali Festival. And keeping the festivities in mind, the Muhurat Trading on Lakshmi Poojan day, following the tradition of every year, we have identified a set of Navratnas for Diwali. These ratnas can outshine any gold or diamond jewellery, earning you more too! The nine gems are one from each sector which we think are today poised for much better times ahead. And these are, as per us, the best stocks in their respective sectors. Take a pick, choose the gem which suits you the best or build a long term portfolio

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.

EL NINO MONSTER IS BACK - WHO GETS SCARED? WHO REMAINS NONCHALANT?

about 12 years ago

The El Nino monster is back, raising its ugly head, gnarling and snarling its teeth, threatening the very existence of farmers and their livelihood. With some 60% of the population depending directly or indirectly on agriculture, any forecast of poor monsoon spells doom. The first forecast from the Indian Meteorological Department (IMD) came in yesterday and it was not good. The IMD stated that monsoon this year could be 93% of the long-period average. Anything which falls in the range of 90-96% is considered

WHAT'S IN A NAME? A LOT.....

about 14 years ago

What does a fugitive do when he wants to remain incognito? He changes his identity and that begins with first changing his name. William Shakespeare said that a rose by any other name would smell as sweet but try telling this to companies which spend millions on establishing their names.

FY16 - VISTA'S AHEAD OF SOME TRECHEROUS ROADS

about 12 years ago

It is 1st April. Maybe a Fool's day but for us ' Dalal Streeters' it is the beginning of the new fiscal, FY16. It marks the start of a new accounting year though the first month would be mostly about taking stock of the old accounts of FY15. One wonders as to how does one look at this new fiscal. It's like looking at two sides of a different coin - the mood amongst analysts and India Inc remains upbeat and they are sure that this fiscal will bring in much better results and more action. But this confidence is nowhere

IT'S THE FINAL COUNTDOWN!

about 12 years ago

The most important days for the markets start tomorrow. One could shrug their shoulder and ask quizzically, "Why Railway Budget?" Actually, the Railway Budget starts the momentum; it's like the first climax before the penultimate climax of an action-packed thriller. The Railway Budget to a large extent gives us a peek into the mood of the Govt - are they going to play to the gallery or be more pragmatic. There is no doubt, this Railway Budget will also announce grandiose plans which frankly, the market has stopped believing in as the plans rarely

FII's SHUDDH DESI ROMANCE FOR INDIA

about 12 years ago

As per data put out by SEBI, yesterday, on 8th Sept, FIIs invested Rs.327 crore in equity and Rs.2013 crore, taking the total, investment by FIIs from 1st Sept to 8th Sept at Rs.11,327 crore. As against this, for entire month of August'14, FIIs had put in Rs.17,105 crore - over 66% of entire August's money has come in first 8 trading days of Sept. That's most certainly huge!

BUDGET FY20 – VERY BIG ON RHETORIC

about 7 years ago

For the first Budget ever by a full time woman Finance Minister, Nirmala Sitharaman was pretty passionate with her speech. She also displayed her linguistic abilities, quoting in Sanskrit, Tamil, Urdu and Hindi and maybe a few words of Gujarati. She was so emphatic and “into it,” the speech, punctuated with constant repeats, was an interesting watch.

Q4FY14 - A MIXED BAG OF SWEETS, NAMKEENS AND KARELAS!

about 13 years ago

This time around, surprisingly, it is not Infosys but CMC which will bring in the numbers on 14th though small cap companies like Chemfab Alkalis and Goa Carbon, as usual, take the lead, being always amongst the first. Actually GM Breweries was the first to have declared its Q4 numbers. Infosys will remain the first large cap company to declare its numbers on 15th while IndusInd Bank will also follow the tradition of being the first bank to present its earnings.

TATA SONS BAILS OUT - DOES RBI NEED TO RETHINK ITS RULES?

about 13 years ago

Amongst all these names, which is the name that you would trust your money with? First on the list would most obviously have been Tata Sons, L&T coming in close behind and then maybe IDFC or Bajaj or Aditya Birla. But to now know that the most preferred

MACRO DATA OVERSHADOWED BY IT EARNINGS

about 5 years ago

And there was macro data too. First the CPI for Dec which came in at 5.59% - a 6-month high v/s 4.91% (MoM) and v/s 4.59% (YoY). In CPI, it is food inflation which was the main culprit at 4.05% v/s 1.87% (MoM). The RBI has been mandated by the government to keep retail inflation at 4% with a margin of 2% on either side. This means, we are now at the upper side of this margin.

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

Q3FY15 - WHAT TO EXPECT?

about 12 years ago

The earning season for Q3FY15 kicks in from tomorrow, inaugurated, as usual, by Infosys. And Indusind Bank continues to hold the record as the first bank to declare its quarterly results- it is scheduled to announce its numbers on 13th Jan. Q2 numbers took everyone by surprise. While all were expecting very dismal numbers, the earnings actually came in not-too-bad. Call it scaled down expectations or whatever

Q3FY20 – NO GREAT EXPECTATIONS

about 7 years ago

A very difficult and tough FY20 has entered into the last quarter. And now is the time when we look back at Q3. The earnings season is about to get kick-started with the first big one coming from Infosys on 10th Jan. For some time, this mantel was taken by TCS but this time around

Dhanlakshmi Bank falls and rises

about 3 years ago

The market somehow shrugged off all this; though the stock first tanked 10% to an intraday low at Rs.26.30, it rose from there to in fact hit a new 52-week high at Rs.30.40 and is now trading at Rs.29 levels.

JULY IIP - FLASH IN THE PAN?

about 13 years ago

Manufacturing which has a 80% weightage in the IIP number did well with a growth of 3% but Capital Goods, showing a growth of 15.6% v/s degrowth of 6.6% in June was too volatile and cannot really be taken as an indicator of any improvement. Most analysts do not take into consideration capital goods at all as it simply

Castrol is back on the floors!

about 13 years ago

Castrol is back today and right into the limelight! Trading in the shares of Castrol was suspended since 26th Feb’14 mainly to adjust the company’s capital reduction scheme. And with the carried out, the stock is back on the floors today with a big bang, up 3.5% at Rs.299. The co ...

NIIT Tech zooms up

about 7 years ago

NIIT Technologies is doing pretty well today morning. From yesterday’s close of Rs.1577.85, it first opened lower at Rs.1573 and even went down to the intraday low at Rs.1599;

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.

SERIOUSLY, MUMBAI ONLY FOR THE RICHEST

about 9 years ago

This was something which should not surprise anyone of us living in Mumbai. Realty prices continue to remain unaffordable and infrastructure continues to sag under the pressure of the ever growing population; and way back in 2015, it lost its mantle as the economic capital of India to Delhi.

1ST ESTIMATE OF GDP - NOT THE GUIDING STAR FOR FY18 BUDGET

about 10 years ago

The GDP data which was published by the Central Statistical Organisation (CSO) on Friday was meaningless to say the least. It has considered data for the first eight months and demonetization happened in the 11th month. Thus the GDP number did not take into account the impact of something

Initial Public Offering

about 8 years ago

Initial Public Offering (IPO) is when a company is offering its shares to the public for the very first time. Before the IPO, the company’s shares are not listed on a stock exchange.

BSE LISTING - A "TO DO" LIST THAT NEVER GETS DONE!

about 13 years ago

But looks like it might indeed take a while for this historic IPO to hit the capital market. There is a bizarre clause issued by the SEBI's Stock Exchange and Clearing Corporation Regulations (SECC), which mandates that every shareholder of BSE is fit & proper. How much more bizarre can this get?

INDIA'S MARS MISSION - A REASON FOR THE NATION TO CELEBRATE!

about 13 years ago

It is a proud moment, something which we Indians have not had for a long time now. We get titles like 'rape capital of India', 'most corrupt nation', 'fastest growing population' and many more such superlatives but such moments are rare. Let us revel in this moment and make the most of it

L&T - WHAT LIES AHEAD?

about 11 years ago

It is said that the financial performance of Caterpillar is a reflection of the capital goods sector in USA and here in India, it is Larsen & Toubro (L&T). Well, the performance was not exactly trailblazing. But for the exceptional income and other income, it was overall pretty tepid. Its consolidated net profit for Q2FY16 rose 15.5% (YoY) at Rs.996 crore and revenue reported a 11% rise

BHEL - CAN ONE GO CONTRARION?

about 14 years ago

This PSU capital goods leader of India has been hitting new lows and even now, it is languishing near its 52-week low of Rs.174.50.

Spicejet takes off!

about 12 years ago

Shares of the cash-strapped low cost carrier Spicejet are soaring high coupled with strong volumes this morning, up 15% or by Rs. 2.95, with current market price being Rs. 22.90 on BSE. Total traded quantity of over 84 lakh shares, in the first 90 minutes of trade, is more than double the two-wee ...

Bank of Baroda is top gainer

about 11 years ago

Bank of Baroda is currently the top gainer on the BSE today. The stock is up over 12.5% at Rs.208 levels with an intra day high at Rs.212.10. Its 52-week is at Rs.228.90. The market is thrilled with the fact that Bank of Baroda, along with Canara Bank, for the first time ever, have got a pri ...

BHEL - TASTY OR WILL CAUSE INDIGESTION?

about 15 years ago

This PSU capital goods leader of India has been hitting new lows and even yesterday, it hit a new 52-week low at Rs.208.50, which is at a 42 month low and it continues to remain deeply in the red even today. Under normal circumstances, the stock in today's macro-economic scenario

Insurance stocks feeling fully secure!

about 12 years ago

‘Insurance stocks’ are up in the green today, in a celebratory mood. After seven log years, the Insurance Laws (Amendment) Bill finally has become a reality with the Rajya Sabha giving it a nod. Introduced in 2008 for the first time in Rajya Sabha, the Bill now allows foreign equity p ...

CSB Bank

about 7 years ago

Verdict :Let it first prove its mettle
Subscription Start Date :22 Nov 2019 End Date :26 Nov 2019
Issue Size : 410 crore, Issue Type : Fresh cum OFS
Price Band : Rs.193 to Rs. 195
--------------------------------------------------
Overall Subscription : 86.92x
QIB : 62.18x,HNI :164.68x,Retail :44.49x
Listing Date : 4 Dec 2019, , Listing Price : 275

MCX amongst top gainers on BSE

about 14 years ago

MCX is doing very well today, being amongst the top gainers on the BSE, up 3% at Rs.955.45, closer to its intra day high at Rs.959.80. The stock is up after it got its first ‘listing’ – Dabur India, which is currently the top gainer on the BSE. MCX which commenced its listi ...

MUMBAI LOSING IT ALL TO DELHI

about 10 years ago

This was something which should not surprise anyone of us living in Mumbai. Realty prices continue to touch the sky and infrastructure continues to sag under the pressure of the ever growing population; and it has lost its place as the economic capital of India to Delhi. The latest report from the Oxford Economics shows that Delhi stands 30th among the top 50 metropolitan entities globally in 2015, pushing Mumbai to 31st spot. The report has said that, "Delhi Extended Urban Agglomeration (EUA) consisting of Delhi, Gurgaon

Kalyani Steel shining bright

about 14 years ago

Kalyani Steel had hit a new 52-week low yesterday at Rs.38.20 and today it has done a complete turn around and is currently up over 3% at Rs.41.10. Its 52-week high stands at Rs.66.40. The stock is up on news that MNC, Gerdau has acquired the remaining stake in JV at its first plant at Andhr ...

MOODY’S CHINA DOWNGRADE – GOOD NEWS FOR MODI’S INDIA?

about 10 years ago

For the first time since 1989, Moody’s Investors Service cut its rating on China’s debt. Moody’s reduced the rating to A1 from Aa3 and changed the outlook to stable from negative. Moody’s said the downgrade reflects its expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows.

WHY IS PATENT STILL A DIRTY WORD IN INDIA?

about 10 years ago

What does the word ‘patent’ convey? Most of the times, the first thing that comes to mind is a pharma company fighting for patent or a patent war between Apple and Samsung or Microsoft. In the Indian context? Well, at the most, it brings to mind the fight for basmati patent couple of years ago. But abroad, patent is a lucrative business in itself and companies vie with each other, acquiring patents and building an armor of viable patents for the future.

31ST MARCH – WHY THE ‘YEAR’ ENDS TODAY?

about 10 years ago

This fiscal year ending actually is a legacy left behind by the British. They followed the accounting period of April to March after they decided to adopt the Gregorian calendar system of accounting. It was the East India Company which first brought in this fiscal and once the British established their rule in India, naturally, all companies started following the same. Other “British colonies” which follow the same accounting year ending are South Africa, Hong Kong, Jamaica, Burma,

CAN INDIA AFFORD TO HAVE A REFERENDUM?

about 10 years ago

Referendum is probably the most used word this week. In fact we have been seeing a lot of referendums off late - first was the referendum for Independent Scotland, then there was the referendum in Switzerland and now of course, the Brexit referendum. Prior to all, the Greek held the world to ransom with its referendum

"ONLY VIMAL, ONLY VIMAL": SOME BRANDS ARE A PIECE OF HISTORY

about 10 years ago

It was probably one of the first advertisements for fabrics on Doordarshan and the brand which made Reliance into a household name. It was the brand which made the country sit up and take notice of Dhirubhai Ambani and also the brand which made Mudra Communications, the ad agency which is amongst the top notch ad agencies of India today. It was the first brand to use cricketers as brand ambassadors

INDIA AS OPEN AS OPEN CAN BE - WHY MARKETS NOT CELEBRATING?

about 10 years ago

To water down the Rajan exit, the Govt came up with a slew of reforms - once again to do with FDI. India now carries the tag of being "the most open economy". It first announced the FDI easing in defence. The foreign investors were irked with the condition of access to 'state-of-art' technology'; so that has been done away with

TRADE UNIONS IN IT - BLAME IT ALL ON TCS!

about 11 years ago

The news from Tamil Nadu today was bleak. It has become the first state in India to allow employees of IT industry to form trade unions, bringing it under the Industrial Disputes Act, 1947.

AN OPEN LETTER TO PM MODI

about 11 years ago

Last year, when all were looking at your one-year report card, we felt it was too short a time to really judge. Now you have completed two years. One cursory glance at the report card and we fear that if the same trend continues, next year's report card will be marked red. First and foremost, let me feel thankful that this year, at least the last couple of months

RICE COULD SEE A PRICE RISE - BLAME IT ON EL NINO!

about 11 years ago

The drought all around India is sure to affect all crops and rice is one such foodgrain which could see some very sticky times. The blistering heat is today threatening to cut production of the rice crop for the first time since 2010 and effectively lead to a price rise. With more than 50% of the world's population eating rice, this is not exactly an appetizing news.

Punj Lloyd deep in red

about 11 years ago

Punj Lloyd seem to be a in a bad shape – financially and on the bourses. The company posted a net loss for Q2FY16 and the stock tumbled down intra day almost 14% to Rs.21.45. Its 52-week high and low stands at Rs.42.45 and Rs.20.75 respectively. The capital goods company, net loss for ...

L&T Finance builds up

about 11 years ago

Last month the news on L&T Finance was that consulting firm, Bain Capital was close to acquiring a minority stake in the company and the deal was valued at $350 million. This is yet to happen. And today, the news is that Warburg Pincus, the US based PE fund is looking at buying a 25% sta ...

MAKING "SWACHCH BHARAT" MANDATORY FOR INDIAN INC - NOT DONE!

about 11 years ago

The first thing that strikes any foreigner, when he/she lands in India, apart from the ocean of people and cacophony of noises is the filth. India is a dirty country. We have accepted this truth but somehow, it is simply not a part of our behavior to not litter or spit in the public. Defecating in the open is the consequence of unplanned urbanization, lack of sanitation and no water in most places.

WHAT'S IN A NAME?

about 11 years ago

What does a fugitive do when he wants to remain incognito? He changes his identity and that begins with first changing his name. William Shakespeare said that a rose by any other name would smell as sweet but try telling this to companies which spend millions on establishing their names.

Q3FY16 - WHAT TO EXPECT?

about 11 years ago

The earning season for Q3FY16 "officially" kicks in from tomorrow; though we have had some small and mid cap companies declare their numbers, the first big wig is tomorrow - TCS. Just as Infosys has lost its mantle of being the most favored IT stock to TCS, it has given up that lead in declaring

SHIP AHOY! IRAN CALLING.....

about 11 years ago

The waters of Iran, which saw small ripples, is all set of witness a storm. Shipping and logistic companies around the world are setting sail to Iran, a place which had been out of bounds for so long. With the lifting of sanctions, Iran is the place to head! For the first time since 2012, the world's second largest shipping line by volume - Mediterranean Shipping Co. SA sailed into the Iran port - it carried a huge load of 300

2015 ENDS IN THE RED - HOPE IS THE ETERNAL PARTNER OF 2016!

about 11 years ago

2015 calendar year for the stock market has ended and though it ended the day in the green, with a good over 150 points jump, it ended the Year with a loss. This is only the third time that the market has ended the year in the red - the only other three times was first in 2008, then in 2011 and now in 2015.

INTEREST RATES IN USA FINALLY TAKE OFF!

about 11 years ago

Finally, the uncertainty ends. The waiting is over. Interest rates in USA have lifted off! For the first time since June 2006, the US Federal Reserve has reversed the interest rate cycle - 0.25%. This was very much on the expected lines; in fact it would be no exaggeration to say that the markets had more or less discounted the rate hike and today's rise was more like in defiance

WILL SDRs SUCCEED OR JUST A WAY TO PROLONG THE INEVITABLE?

about 11 years ago

For the past few days, beleaguered, debt ridden stocks have been in the limelight. First was Electrosteel Castings. Then others followed - Jyoti Structures, Monnet Ispat, Lanco Teesta, Gammon India and VISA Steel. What do all these companies have in common, apart from the sudden push into limelight?

IIP AND CPI - BOTH ARE VA VA VOOOOOOM!

about 11 years ago

Wow! That's the first reaction when we saw the August IIP come in at 6.4% v/s 4.2% (MoM) against most expecting around 5%. This is the highest IIP since October 2012. Manufacturing sector is what led the growth and so did consumer durables which showed

RELIANCE INDUSTRIES – Q1FY18 RESULTS

about 9 years ago

“Extraordinary numbers!” that the first verdict of our Editor, Mr.SP Tulsian. Despite the one-time gain of Rs.1087 crore, the EBIT margins of petchem at 15.83% and 11.17% of refining were phenomenal. GRM for the quarter came in at $11.90/barrel was also a complete surprise

BAJAJ QUADRICYCLES - EUROPE WILL GET IT BEFORE US!

about 11 years ago

One big news which pretty much got submerged in all the other deluge of news was that of Bajaj Auto. The largest two-wheeler company of India has most certainly got a coveted feather in its cap - it has become the first Indian company to have got a European Whole Vehicle Type Approval

PAY CHECK OF CEOs - DO THEIR PAY'S NEED A CHECK?

about 11 years ago

For once, we can feel proud that US is following the footsteps of India in an area least expected - corporate governance! SEBI's Corporate Governance Code which came into effect last October, already stipulates that CEOs pay, as a median of average pay of employees be disclosed. And our first set of such disclosures are already out. US is only now bringing this disclosure into effect, which will actually start coming out in the public by 2017.

P-NOTES -FIIS GO AAARRRGGHHH!

about 11 years ago

The market is really angry and frustrated! AAARRGGGHHH!!! Well, first it was GAAR which came to hound the peace and tranquil that the FIIs were in and now its P-Notes. And FIIs are reacting in the most predictable way - by pounding down the markets, threatening the Govt to retract any action against P-Notes, or else....that hangs in fire. Currently, the mere report put out by the Supreme Court appointed special investigative team's (SIT's) "recommendations" have routed the markets. Mind you,

RBI IN THE DRIVER’S SEAT – NPAs WILL REACH ITS DESTINATION?

about 9 years ago

When someone says, “Insolvency” or “Bankrupt” what is the picture that comes to your mind? Call it the effect of movies but the first thing which the mind see’s is an officer downing the shutter or locking the gates of the factory while the owners cry and wail. Then there is the scene of owners absconding and hunt is on to find them while labourers are agitating that they have not been paid.

CREDIT POLICY – OUTLOOK CAUTIOUS AND STANCE NEUTRAL

about 8 years ago

Thus with no worry on growth, the BIG question was whether RBI will do what it is supposed to do – keep an eye on inflation, which is rising. Proving a majority of analysts wrong, the RBI hiked rates by a 25 bps, the first time in four years.

RATE CUT IS NOT A MIRACLE PILL FOR GROWTH!

about 9 years ago

In a pre-emptive move today, SBI, a day ahead of RBI’s interest rate decision, announced a slash of its interest rate on deposits, even on rates offered on savings account balances; this has happened for the first time since rate was deregulated in 2011.Effective immediately, SBI announced that accounts with a balance of less than Rs.1 crore will now earn 3.5% on their savings account balances compared to 4% earlier.

UNIVERSAL BASIC INCOME – REPLACEMENT OF FARM LOAN WAIVERS?

about 8 years ago

The first time ever, farm loan waiver was brought in by Janata Dal Govt in 1990, led by the then PM, VP Singh. The amount was Rs.10,000 crore. And then the gargantuan farm loan waiver was announced by the UPA Govt of Rs.60,000 crore, which helped them win the elections.

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.

8 O’CLOCK ADDRESS – GREAT PEP TALK!

about 7 years ago

This was probably the first “8 o’clock” address to the nation by the PM which was a harbinger of good news; it was neither ominous nor did it fill us with dread. In fact it filled us all with hope. The PM spoke less about the virus and more about how this crisis can become an opportunity for India.

AFFLICTED, DEAD, CURED AND STAYING HEALTHY – MATH OF EARNINGS

about 7 years ago

If it had been business as usual, we would be looking at the Results Calendar, trying to keep pace with the speed at which results for Q4FY20 and FY20 would have started pouring in. Today, we are at 13th and the first one, Wipro will be on 15th, which is mid-month and TCS following closely the next day on 16th. HDFC Bank is 18th.

THIS IS FOR THE PEOPLE!

about 7 years ago

The package announced by the FM today was spot-on. This is exactly what is required first – take care of those on the lowest rung or those who are not even on the economic ladder.

EVENTS THAT WILL DEFINE 2020

about 7 years ago

The second day of 2020 has dawned and we are finally wide awake, having got over the stupor of the last few days of holidaying. Just as the clout of China is growing everywhere, even when it comes to a new year, the Chinese ‘animal’ is followed by the global community. This year, 2020, is the year of the rat, the metal rat – the first animal of the 12-year cycle of the zodiac

Suzlon Energy rises 4.5%

about 11 years ago

Suzlon Energy intra day, rose 4.5% to Rs.21.10 and is now at Rs.21. Its 52-week high and low stands at Rs.31.35 and Rs.14.15 respectively. The stock is up after the company announced that it has received an additional sanction of working capital lines (substantially non-fund based ...

THE SAGA OF NPAs GETS WORSE

about 7 years ago

Neemuch-based activist Chandrashekhar Gaur put in an RTI, wanting to know the cases of fraud in the PSU banks, post Nirav Modi and all the action which the Govt seems to have taken. The answer is not encouraging at all. In the first quarter of the current fiscal, between 1st April till 30th June 2019, as many as 2,480 cases of fraud

42% INDIA FACING DROUGHT? WHAT? OF COURSE NOT!!

about 8 years ago

We are not yet truly into full blown summer yet; it has just about started. There are two more months to go before raingods come calling. Yet, the worry over monsoon is making the heat wave even more unbearable. Two reports are worrisome – first the real-time drought-monitoring platform and then Skymet's forecast.

ONLY FOOLS WILL IGNORE APRIL!

about 8 years ago

FY19 is over. Today is a swanky new day, the first day of FY20. And looks like this fiscal will be beginning with a big bang; there is so much happening in this first month itself – all will have repercussions on the rest of the fiscal.

INVERTED CURVE – REALLY, IT’S NO DANGEROUS HAIR-PIN BEND!

about 8 years ago

Last week, for the first time since 2007, the US saw the “inverted” trend. This is the yield curve for the US Treasury Bonds and if it inverts, it is recession. Many say that it is the markets most reliable recession indicator and it is flashing a bright red

US SHUTDOWN – 33 DAYS AND COUNTING…..

about 8 years ago

2013 was the first time ever that the world even heard about something like a “US Govt shutdown.” Who shuts down a Govt? Is that like a shop???? That was the incredulous sentiment all over. But fortunately, there was no shut down but we all got to know its existence.

TIME TO WALK THE TALK

about 9 years ago

It’s a good thing that Modi came out yesterday and did what he does best – talk eloquently about the rights and the wrongs. For the first time, he accepted that the economic growth has slowed but tried to assuage fears that it was all blown out of proportion and all was well.

THE RAFALE DEAL CONTROVERSY SIMPLIFIED

about 8 years ago

The saddest part of this entire Rafale drama is that it is all coming at the cost of the India Air Force (IAF); we have compromised on patriotism, the ideology of putting the nation first always. 18 years ago, after the Kargil war, the IAF had said that India needed to upgrade its fighter jets and we still have not upgraded.

ARE FIIS BACK FOR GOOD?

about 8 years ago

After being net sellers since March’18, for the first time in five months, FIIs emerged as net buyers in July. Their net buying for the month stood at Rs.178 crore. Data available for first six days on August shows that they were sellers for two days, on RBI policy day and the next.

INFLATION SPIRALS AND GROWTH HOLDS ON

about 8 years ago

The bad news first – retail inflation or Consumer Price Index (CPI) for the month of May rose to a four month high at 4.87% v/s 4.58% in April. This comes close on the heels of RBI hiking interest rates last week precisely to control inflation.

Q4 AND FY15 GDP - ONUS BACK ON RBI TO SPUR GROWTH

about 12 years ago

Today's Gross Domestic Product (GDP) data was relevant for two reasons - firstly, it will be very important for the RBI Governor who may or may not announce a rate cut on 2nd June. Secondly, this is the first set of GDP data which is based on the new method.

A HO-HUM, BORING KIND OF FED POLICY

about 9 years ago

So the Fed kept the interest rate unchanged at 1.50 to1.75% and decided to stick to its pre-decided inflation trajectory. Yes, no intention whatsoever of veering anywhere away from the inflation goal though last week inflation rose for the first time, hitting the target of 2%.

RELIANCE INDS Q4FY18 – IN LINE WITH STREET EXPECTATIONS

about 9 years ago

Reliance Industries posted Q4FY18 which were very much in line with the Street expectations. Consolidate net profit remained almost status quo on a sequential basis and YoY, it rose 17% at Rs.9435 crore. Mukesh Ambani said, “FY2017-18 was a landmark year for Reliance where we established several records on both operating and financial parameters. Reliance has become the first Indian company to record PBDIT of over US$ 10 billion with each of our key businesses

Siti Cable hits a new high

about 11 years ago

Siti Cable Network hit a new high today at Rs.41.70, up over 13% and volumes jumped up by over 7 times. The RBI issued a notification stating that FIIs could increase the investment limit in the company upto 49% of the paid-up capital of the company under the portfolio investment scheme. RBI ...

SURPASSING DIVESTMENT TARGET – THAT’S GOING TO BE EASY PEASY

about 9 years ago

The Govt with great pride, in the Budget announced that its divestment target for FY18, which was pegged at Rs.72,000 crore would not only be met but might even go to a record high of Rs.1 lakh crore. The first time in 14 years that such a feat is accomplished!

Q3FY18 – YoY PICTURE TO LOOK PRETTY GOOD

about 9 years ago

The earnings season has started with Q3FY18 numbers starting to trickle in. The first “big: one is of IndusInd Bank and TCS, scheduled for 11th Jan and Infosys for 12th Jan. This company wise Q3 performance will be the trigger for markets in the coming days. Unlike earlier quarters, where expectations were muted, this time around, hope is running high as most expect numbers to come in pretty strong, indicating a jump back from pains of GST and demonetization.

WHAT’SAPP DUDE?

about 9 years ago

Reuters has published a story today – there are some groups on Whatsapp, which have given out accurate earnings forecasts, hours or sometimes couple of days before they were to be announced. This has raised a lot of pertinent questions about insider trading. First things first, look at what Reuters found on this Whatsapp group – Market Chatter, also known as Heard on the Street (HOS)

HOLIDAY’S OVER AND WHAT LAY AHEAD NOW?

about 9 years ago

As such Monday’s are very blue but this time around, after the long and festive weekend, today’s Monday has a deeper hue of blue. But it is going to be a news-filled week and one might not have any time left to rue over the end of holidays. First things first, today we will have the listing of India Energy Exchange, the first IPO ever by a power exchange in India. It had priced its IPO at the upper

THE NAME CHANGING GIMMICK - FORTE OF PENNY STOCKS

about 11 years ago

People who change their name are usually eyed with a lot of suspicion. And what about companies who do that? One cannot help but wonder why companies would want to change names especially when they could have spent a lot of money first establishing the name.

FED DOES NOT ROCK THE BOTTOM - REMAINS 'PATIENT'

about 12 years ago

This was expected to be a very routine, ho-hum kind of a Federal Open Market Committee (FOMC) meet. The first of 2015, the markets were watching the meet but really with bated breath. There was no Press Conference following the statement and all interpretations rose from this statement alone. And the statement was just that - a non-event.

AFTER THE DIVORCE - HERO AND HONDA, BOTH GROW STRONGER

about 12 years ago

It's been four and half years since the divorce and both, Hero as well as Honda have learnt to lead and live separate lives, so much so that one is left wondering if they were married at all in the first place. That what enterprise and growth does to even a 26 year old relationship. Hero and Honda decided to part ways in December 2010 and this winter, their split would mark 5 years of separation. This 'five year' mark is very significant as Hero

GOA SHOWS THE RIGHT WAY TO GO!

about 15 years ago

When Goa announced, in its State Budget for FY13, a 11% reduction in its Value Added Tax (VAT) on petrol, the price of petrol was to come down by Rs.11/litre. It first seemed like a typo error! After all, have we ever heard of any Budget announcing a rate cut in petrol?

PARLIAMENT SESSION BEGINS - NO MAJOR HOPES

about 13 years ago

There is no hope in the heart of most of the bills getting through. The UPA should try its best to push but when all efforts will be on the Food Bill, there really is no will and time for the rest. Post this session, there will be just one more session before Elections and that last session, like the present one, will be all about politics. We have already seen the first day being a washout.

WHY MARKET IS NOT JUBILANT ABOUT FDI CAP REFORMS?

about 13 years ago

The first and foremost reason - foreign investors did not need convincing about the potential of India but they do not need a lot of convincing about such decisions seeing the light of the day. Also, the Govt seems to be in a tearing hurry to push through biog ticket reforms

IMD - WHY IT IS NEVER ABLE TO PREDICT A DROUGHT?

about 14 years ago

The first monsoon forecast of IMD usually comes in by end of April and as usual, probably more out of habit than out of science, the IMD has predicted a normal monsoon for this year. It has said that rainfall would be 98% of the long-period average. The private sector weather man

AUSTERITY - PROVING TO BE ABSURD!

about 14 years ago

And the same logic when extrapolated on a macro level seems true. Many countries in Europe imposed austerity measures to cut costs to deal with recession. But in most cases, it just does not seem to be working. Over the weekend, the National Statistics Institute (INE) reported that Spain had 6,202,700 unemployed workers, the first time in history that over 6 million Spanish workers were jobless. Spain's unemployment rate rose to 27.16% and youth unemployment has reached 57.22

ARE MARRIAGES OF INDIA INC MADE IN HEAVEN?

about 14 years ago

Remember the landmark Hindi movie, Trishul? Here, the entire premise of the story is built on the angst of Amitabh Bachchan against his father, Sanjeev Kumar, who betrays his mother, Waheeda Rehman. This is not about Amitabh's anger at being the illegitimate child but more about marriages of convenience. In the movie Sanjeev Kumar lets go of his first love to marry a rich heiress and eventually run a business empire

FROM MR.HU TO MR.XI - ANOTHER CHAPTER FROM 2013 TO 2023

about 14 years ago

After the entire hullabaloo over the USA President elections, in direct contrast, China, will very quietly, anoint its new President for the next ten years. For the first time yesterday, the existing President of China, Hu Jintao, officially confirmed that Vice-President, Xi Jinping

SKS Micro slumps 4.5%

about 13 years ago

SKS Microfinance is down in the red today, currently languishing at Rs.126.40, down 4.5%, which is around the intra day low of Rs.125.45. The stock is down after the founder, Vikram Akula and private equity firm Sequoia Capital sold over 24 lakh shares of the Hyderabad-based firm for nearly ...

INTERLINKING RIVERS - UNVIABLE & SPELLS DISASTER

about 14 years ago

The idea of linking the rivers of India was first mooted by the NDA Govt and everyone lauded them for coming up with such a 'great' idea. Then UPA came into power and sat on it, like it sits on everything else. It appointed the National Council of Applied Economic Research (NCAER) to conduct a feasibility

OLYMPICS - ECONOMIC IMPACT

about 14 years ago

The big question is - does hosting Olympics really boost the economy? First let us look at the benefits. This is segregated into three sections - before the Games, during the Games and after the Games. Before the Games will obviously be the benefit of building the infrastructure

ONLY VIMAL - WHO WILL BUY THIS EMPEROR'S CLOTHES BRAND?

about 15 years ago

"Only Vimal, Only Vimal..." the jingle went. It was probably one of the first advertisements for fabrics on Doordarshan and the brand which made Reliance into a household name. It was the brand which made the country sit up and take notice of Dhirubhai Ambani and also the brand which made Mudra Communications,

MACRO CONCERNS CONTINUE TO DOMINATE

about 15 years ago

On the last day of last week, we had the IIP numbers which caused some depression and today, first day of the week, we have shocking inflation numbers which has only darkened the clouds.

MARKET SCARED OF THE LONE CYCLIST; WANTS SUPPORT OF THE HAND

about 15 years ago

Shilpa Shetty feistily gyrated in the Hindi movie Shool, singing, "Main aayi hoon UP, Bihar lootne" but looks like UP alone has looted the Congress of what little integrity and reputation it had. A few important insights have emerged from these elections. First and foremost, national parties - BJP and Congress and national leaders have been disseminated;

Insurance stocks spike up

about 12 years ago

Insurance stocks, Max India (up almost 4%), Bajaj Finserv (up 2.5%), Reliance Capital (up almost 4%) all spiked up into the green, the moment news came in that the Cabinet had approved, the much awaited 49% nod to FDI in insurance. What this means is that approval, as it is now, will be auto ...

IS ALL THE NEWS WHICH WE GET TODAY "PAID" & "PLANTED?"

about 10 years ago

The first rule of quality journalism - never mix editorial with advertorial. But what happens to the integrity of the news when huge corporate start owning a slew of media companies? Can integrity be preserved or will 'some news' about the company or its group be logically skipped or com

THE PLIGHT OF BUILDERS GETS WORSE

about 10 years ago

Yesterday, I happened to bump into a builder. He is small time builder, basically taking up redevelopment of old buildings. He has three projects which are under construction. He has various liabilities, the first and foremost being paying a monthly outgo of Rs.50-60,000 to his 20 to 30-odd 'tenants' who

HOPE WILL BE THE ETERNAL PARTNER OF 2017!

about 10 years ago

A good year makes us look forward to the New Year, with hope that it will bring in good cheer. So keep the cheer and keep the hopes up. Take a look at the table given. Statistics never lies and what we see is that every year, despite the circumstances, ends in the green. And the first day of every New Year, always opens higher. 2016 ended better and let's keep the hope alive that 2017 will end on a historic high.

FAKE NEWS - WE LIVE IN AN ERA OF TRUE LIES

about 10 years ago

And these are just recent examples; there have been just too many instances of fake news and it has brought to fore the ease with which on can deceive the public. The hard truth today is - do not believe every news that you read online. With the explosion of information, with too much news coming in from all corners of the world, through various vehicles of media, it has become virtually impossible to always go back and check for veracity of the source. In this fast moving world, the one with the first "breaking news"

MIGHT OF AMBANI - COMPETITORS MAY NOT 'JIO'

about 10 years ago

Oh there was such a huge build up today about the great Mukesh Ambani speech! Speculation was rife that for Mukesh Ambani himself to speak, first time outside the AGM, would surely mean some big announcement. All knew it had to be about Jio but what no one knew but inferred it would be "big" news. Announcement of Reliance's Direct-to-Home service is what most felt Mukesh would be taking center stage for.

MUTUAL FUNDS BECOMING "ACTIVE" SHAREHOLDERS?

about 10 years ago

We had seen, a few years ago, how institutions for the first time had spoken out in the open about why it questions Maruti Suzuki's decision to put up a plant in Gujarat, which in turn it will sell to Maruti. Suzuki was to earn 17% ROCE on the Gujarat plant and this plant would have zero cash flow. The management probably never even in its wildest of dreams could have imagined that it

Q3 HOLDS THE PROMISE OF A BOUNTIFUL KHARIF HARVEST

about 10 years ago

Rabi or winter crops, are sown between October to February and harvested by June. And the most important rabi crop is wheat. On the other hand, Kharif crops are sown during April-July, and harvested by October, with the most important Kharif crop being paddy. Naturally, based on the timeline, we will now wait and see how the kharif crops have fared. The first advance estimates from the Ministry of Agriculture

BANKRUPTCY CODE IS GETTING READY ...ON YOUR MARKS, GET SET...

about 10 years ago

As we get ready to see a new avatar of the RBI emerge, with a MPC now deciding the course of action, removing the onus from the lone shoulders of the governor, there is one more committee and equally important one, getting ready. The Insolvency and Bankruptcy Board of India. It had first appointed M.S.Sahoo as the Chairman and yesterday, appointed four members to the Board

Uttam Galva is up 9%

about 10 years ago

Uttam Galva is up 9% at Rs.33 levels, very close to its 52-week high of Rs.37.15 with volumes spurting up over 5 times. The stock has jumped up on unconfirmed news that Aion Capital Partners (JV between Apollo Global Management and ICICI Venture) is talking to the company and its lenders to ...

THE DEBATE IS - DO THESE DEBATES REALLY MATTER?

about 10 years ago

The US Presidential debate, the first of the many will be telecast in USA at 9 in the night (Eastern Time) and will run for 90 minutes. That means, for those of us in India, who are desperate enough to begin their day looking at Donald Trump, the debate starts at 6.30 in the morning of 27th Sept, tomorrow.

ALL EYES ON KURODA AND YELLEN

about 10 years ago

It's a big day tomorrow as far as Central Bank meetings are concerned. First the Bank of Japan - the country's central bank will meet and the tentative timing is around 10-111 AM when the BoJ will announce its fiscal policy and announce a decision on its interest rate. This will be followed by a Press Conference

THE ROLE OF RBI GOVERNOR - RIGHT IN THE LIMELIGHT

about 13 years ago

Till a few years ago, the appointment or retirement of a RBI Governor was small news, mentioned in a small column on the first page of the newspapers. Later it was announced in the news when Doordarshan came into being. But so much fanfare, so much analysis, making it "breaking news" this is something

VODAFONE, NOKIA DEALS - MARKS CONSOLIDATION AND CONVERGENCE

about 13 years ago

Today, the a deal was truck between Microsoft and Nokia wherein Microsoft will be buying Nokia Oyj's phone business and license its patents for 5.44 billion euros, making it Microspft's boldest foray yet into mobile devices. This was a deal which was very much on the cards, right since the time, when last year, for the first time a non-Finnish CEO was placed at the helm to bring back the company from the brink -

ARE INDIA INC MARRIAGES MADE IN HEAVEN?

about 12 years ago

Remember the landmark Hindi movie, Trishul? Here, the entire premise of the story is built on the angst of Amitabh Bachchan against his father, Sanjeev Kumar, who betrays his mother, Waheeda Rehman. This is not about Amitabh's anger at being the illegitimate child but more about marriages of convenience. In the movie Sanjeev Kumar let's go of his first love to marry a rich heiress and eventually run a business empire

S&P RATING AND RAJAN - WHAT LIES AHEAD?

about 12 years ago

The weekend was indeed very newsy. Whew! Busy actually. There was so much happening - first was the surprise S&P rating revision, then Modi's visit to USA and his speeches on Saturday and Sunday kept pretty much everyone enthralled

CHINA SLOW'S DOWN - DO WE NEED TO WORRY?

about 12 years ago

China posted the slowest quarterly growth for first quarter ended 31st March 2015 - it was the second lowest after 2001 at 7%, down from 7.3% in Q4. China's National Bureau of Statistics reported an all-round fall in - industrial production, fixed asset investment, retail sales, housing sale and exports were as such staggering down.

PROJECT AND COST OVERRUNS - A WHIRLPOOL SUCKING INDIA IN

about 12 years ago

The joke on the street - if a project, maybe a road or a railway track is mooted to be built in two years, be assured it will surely get ready for your to-be-born child to use! This is just like the letter from Indian Post coming with the news of the new-born after the infant has celebrated its first birthday.

MARKET CRASHES - MORE OF A KNEE-JERK REACTION

about 12 years ago

After the galloping last week, today, the first day of a new week, the markets have crashed badly. Looks like floors itself have come down! Going down over 630 points! It took everyone by shock; the sheer intensity of the fall baffled all. But this fall today is not India centric; it was dictated more by global occurrences. And that too some good economic news from USA on the job front. On Friday, which was Saturday

Insurance stocks surge on expectations

about 12 years ago

Insurance’ stocks are on the rise today, with Max India leading the pack, currently up almost 7% at Rs.399 and this is after hitting an intra day high at Rs.407.80. Bajaj Finserv hit a new high today also at Rs.1241.95. Reliance Capital is up 4% at Rs.540.75 and Aditya Birla Nuvo is up over ...

HALLELUJAH! LIFE IS A BOX OF CHOCOLATES FOR SURE!

about 12 years ago

Wow! That's the first thing which one feels on looking at the index and hats off to RBI for springing this surprise rate cut, without waiting for the 7th April policy date. This is what we call progressive thinking and action where the RBI is matching step-to-step with the Govt's Budget policy announcements.

Surcharges and their Sanity

about 12 years ago

Surcharge means an additional charge. Surcharge is an additional charge of tax over and above the income tax slabs. Whatever be the objective, it is essentially an additional tax burden on the tax payer. Why should surcharges exist in the first place?

Will Auto Sector rev up after the Budget?

about 12 years ago

We are featuring the auto sector and auto stocks, which are likely to remain in focus over the next 12 months, based on the monthly sales data for first 10 months of FY15 (April 14 to January 15) for listed auto makers. Read our analysis for each of the categories - two wheelers, M&HCV, LCV, tractors and passenger vehicles.

WHAT TO EXPECT FROM RBI?

about 5 years ago

And in the current scenario, it makes perfect economic sense too to sit tight. RBI has made it amply clear that its focus will be on growth and only growth as it feels that the monster of inflation is pretty much penciled in. Thus going by the Manufacturing PMI for May, which slid to a 10-month low and the Services PMI - contracted for the first time in 8-months, growth will pretty much dominate the tone of the policy tomorrow.

INFOSYS KA 'SIKKA' CHALA!

about 12 years ago

The change in the management of Infosys could not have been more apparent. Usually, results, as per Infosys 'tradition' is announced first thing in the morning, sharp at 9 AM. But this is the first time around when the company is under a new leadership of a very able Vishal Sikka