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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.

FM's FISCAL PLAN - MAIN PLAN TO GET RBI TO CUT RATES?

about 14 years ago

Today's Press Conference of the Finance Minister, P Chidambaram, was a damp squib. Purportedly, the meet was to chalk out the fiscal consolidation plan but it was actually more about sending out a message to the Reserve Bank of India (RBI) - something like,

HOV Services up almost 15%

about 13 years ago

HOV Services is currently up almost 15% at Rs.37.20, with an intra day high at Rs.38.90. Its 52-week high is at Rs.43. The stock has zoomed up today on unconfirmed news that the company has put its BPO unit, SourceHOV on the sale block. And the company is asking for a valuation of $1.2 ...

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,

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%

eClerx Services in the limelight

about 10 years ago

eClerx Services hit a new 52-week high today at Rs.1755, with a 11.55 times rise in volumes. The much awaited Board meeting was held yesterday and it approved the proposal for buyback of equity shares of the company for an aggregate amount not exceeding Rs.234 crore. The buyback price was fi ...

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

HOV Services hits upper circuit

about 13 years ago

HOV Services is locked on the 5% upper circuit at Rs.83.25; it opened at Rs.82.80 and then immediately hit the circuit. The stock is up after the company informed the stock exchange today morning that it’s wholly owned subsidiary in USA, SourceHOV has appointed Morgan Stanley to explor ...

FISCAL DEFICIT WORRISOME, GDP SAYS, “DON’T WORRY!”

about 9 years ago

There were two big macro data which came in today. One was the fiscal deficit and the other was Q2FY18 GDP. Fiscal deficit came in during market hours and it left a telling effect on the index. The Sensex plunged over 450 points today as the fiscal deficit raised its ugly head. The fiscal deficit – which is the difference between what the Govt earns and what it spends

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 ...

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 ...

Max Financial Services down in the red

about 10 years ago

Max Financial Services is the second top loser on the BSE, going down almost 9.5% to an intra day low at Rs.563.25.

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%.

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.

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.

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%.

FISCAL TO CHANGE FROM APRIL-MARCH TO JAN-DEC?

about 10 years ago

News of another new change is doing the rounds - change in the fiscal year. Whoa!! That's big news and big change. We currently have the 1st April to 31st March as the fiscal year ending. The Finance Ministry has set up a committee under Shankar Acharya, a former Chief Economic Adviser to the Finance Ministry, to examine the desirability and the feasibility of a new financial year.

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.

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).

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.

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 ...

FISCAL YEAR TO CALENDAR YEAR – A GOOD IDEA?

about 10 years ago

News of another new change is doing the rounds – change in the fiscal year. This is as big as demonetization. And we can only hope and pray that this does not happen now, bang in the middle of India trying to cope with the biggest tax reform going on stream, GST. Coping with GST and a change in the fiscal year from March-April to Jan-Dec

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.

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,

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 ...

TeamLease Services

about 11 years ago

Price Band : Rs. - to Rs. -
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Skyways Air Services

about 2 months ago

A Turbulent Flight
Subscription Start Date :24 Aug 2026 End Date :27 Aug 2026
Issue Size : Rs. 583 cr, Issue Type : Fresh cum OFS
Price Band : Rs.131 to Rs. 138
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Overall Subscription : 71x
QIB : 140x,HNI :87x,Retail :25x
Listing Date : 31 Aug 2026, , Listing Price : 124

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).

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
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Overall Subscription : 82.08x
QIB : 166.33x,HNI :98.62x,Retail :27.13x,Other :40.55x
Listing Date : 27 Dec 2024, , Listing Price : 393

FUTURE CAPITAL HOLDINGS

about 19 years ago

Price Band : Rs. - to Rs. -
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Updater Services

about 3 years ago

Nothing Upbeat about it
Subscription Start Date :25 Sep 2023 End Date :27 Sep 2023
Issue Size : Rs 640 cr, Issue Type : Fresh cum OFS
Price Band : Rs.280 to Rs. 300
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Overall Subscription : 2.96x
QIB : 4.5x,HNI :0.89x,Retail :1.45x
Listing Date : 4 Oct 2023, , Listing Price : 299

FUTURE CAPITAL HOLDINGS

about 19 years ago

Price Band : Rs. - to Rs. -
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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

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
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Overall Subscription : 4x
QIB : 6.64x,HNI :4.05x,Retail :2.49x
Listing Date : 14 Feb 2024, , Listing Price : 430

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.

What is Capital Adequacy Ratio (CAR)?

about 10 years ago

TeamLease Services at lifetime high

about 9 years ago

TeamLease Services, which is engaged in staffing and human resources provider, hit a lifetime high today at Rs.2184.95. It had hit the previous lifetime high on 8th Nov at Rs.1953

What is Capital Adequacy Ratio for banks?

about 11 years ago

What does equity share capital mean?

about 12 years ago

FISCAL CLIFF - THE POLITICS OF BRINKSMANSHIP

about 14 years ago

There is a precipitous cliff we are quickly coming to and the way USA moves will decide whether USA and the rest of the world, goes over the cliff or hangs on to the edge. For us here in India, there will be no direct impact apart from now being globally aligned; we will pay the price of being a part of the flat world. And that indirect impact does not bode well. But USA, which is always shown in Hollywood as the perpetual 'saviour of the world' will most likely remain true to its image

What does fiscal deficit mean?

about 11 years ago

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.

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%.

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 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 ...

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 ...

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
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Overall Subscription : 1.95x
QIB : 3.42x,HNI :1.98x,Retail :1.1x,Other :2.92x
Listing Date : 13 Oct 2025, , Listing Price : 330

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
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Overall Subscription : 2.8x
QIB : 0.93x,HNI :5.08x
Listing Date : 17 Jan 2025, , Listing Price : 99

SPECTRUM AUCTION AND FISCAL DEFICIT - PREMATURE TO BEAT VICTORY DRUMS

about 13 years ago

Each round of bidding last one hour and it can be extended upto four hours. The final figures which we see today were after seven rounds. There is no 'end date' for these auctions. Last time, the auction held in Nov'12 lasted for two days, that held on March'13 was for one day and before that, the (in)famous 2010 auction lasted for one whole month. It will go on every week from Monday to Saturday from 9 a.m. to 7.30 p.m.

Travel Food Services

about 1 year ago

A Delightful Pick
Subscription Start Date :7 Jul 2025 End Date :9 Jul 2025
Issue Size : Rs. 2,000 cr, Issue Type : OFS
Price Band : Rs.1045 to Rs. 1100
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Overall Subscription : 2.88x
QIB : 7.7x,HNI :1.58x,Retail :0.69x,Other :1.72x
Listing Date : 14 Jul 2025, , Listing Price : 1125

eClerx Services at new high

about 5 years ago

The stock, which had closed yesterday at Rs.2145.90, opened higher at Rs.2350 and went on to hit a new high at Rs.2474.75.

Datamatics Global at 11-month high

about 10 years ago

Datamatics Global Services has been hitting new highs consistently since 19th Dec and today we know the reason why. The stock has hit a 11-year high at Rs.124.70 today. The news which is moving the stock is that Insync Capital Partners, which is partnered by Rakesh Jhunjhunwala has bought a s ...

TeamLease Services at lifetime high

about 9 years ago

TeamLease Services, which is engaged in staffing and human resources provider, hit a lifetime high today at Rs.1953. It has come off the highs but remains 15% up at Rs.1914 levels.

BUDGET FY14 - THE GAINERS AND LOSERS

about 14 years ago

On the whole the Budget was a lot of talk but there does not seem to be the right stride in the walk to meet this talk. The Finance Minister on one hand said that the FY14 plan expenditure is to be raised by 30% but at the same time, he says that fiscal deficit for FY14 will come down to 4.8% from the current year estimate of 5.2%. How does this math add up? There is a massive jump in social schemes, so one wonders how the fiscal deficit

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

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.

Realty stocks in focus

about 9 years ago

RBI yesterday changed the statutes of lending for real estate investment trust (Reits) and infrastructure investment trust (InvIts). It has capped the exposure to 10% of the unit capital of such instruments.

Kitex Garments recovers

about 10 years ago

The stock price of Kitex Garments had tumbled down quite a lot after its dismal performance for Q4Fy17 but today, it has recovered and remains firmly in the green after its news of increased investment in its US unit in current fiscal of FY18.

Idea Cellular at new low

about 10 years ago

Increasing capital expenditure and falling data volumes impacted the earnings of Idea Cellular for Q1FY17. Its standalone net profit for the quarter dropped 36% (YoY) at Rs.497 crore on a 8% rise in revenue at Rs.9487 crore. This number includes the full impact of spectrum acquired by Idea in Mar ...

Ujjivan Financial in good health

about 8 years ago

Ujjivan Financial Services is one the major trending stocks on the bourses today, figuring among the top five gainers. It rose 7.5% to Rs.305.65,

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

WORRIED ABOUT FALLING OIL PRICES? GET REAL!

about 12 years ago

Really, there is nothing which will make us humans happy, more so those in the capital market. Till a few months ago, we were ruing our fortune when oil prices were scaling above $100/barrel. We felt that we were about to lose it all and oil prices would cripple our limping economy. Ok, so then we had falling oil prices.

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.

UNION BUDGET FY18 – BRINGS ALL AROUND CHEER!

about 10 years ago

Overall, the Budget, as usual has been very good for the farmers, the poor, women, those living in rural areas and for those earning less than Rs.5 lakh per annum. If you are rich and earn more than Rs.50 lakh per annum – this budget does not bring any cheer, only more surcharge. For the market, it has been a good budget. No reduction in corporate tax rate was softened by the no change in long term capital gains tax.

PwC – FINALLY JUSTICE IS DELIVERED!

about 9 years ago

This is such a big joke! In 2015, the Govt of India employed the services of an external agency – Price Waterhouse to carry out periodic audits of Aadhaar's infrastructure as well as that of its partners for any security hazards. And today, the business headline screams all over – SEBI bars Price WaterHouse (PwC) from auditing listed companies for two years, after finding it guilty in the nearly decade-old Rs 7,136 crore fraud case in Satyam Computer Services.

THE RACE FOR H1B VISA BEGINS – WHO IS RUNNING?

about 9 years ago

The USA H1B visa run for 2019 fiscal starting 1st Oct began yesterday. Unlike earlier, where there was a sense of palpable excitement, this time around there is a sense of anxiety and not too many techies are queuing up. The total H1B’s visa’s quota is at 65,000; this reduced quota is at a time when a jaw dropping 5,48,000 tech jobs remain open in USA.

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...

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.

VOTE-ON-ACCOUNT - A REPORT CARD, A ROAD MAP AND A SANGUINE BUDGET

about 13 years ago

No Big bang announcements as expected and also more waxing eloquent about his Govt's achievements; so overall it was more or less exactly what was expected but the market, desperately looking out for reasons to celebrate is happy with the cut in the excise duties on small cars, two-wheelers and SUVs. The biggest credible factor which actually cheered up the market was the fact that the FM managed to meet the target of fiscal deficit for current

UNION BUDGET FY13 - NOTHING TO GO "OOH LA LA!" ABOUT

about 15 years ago

As expected, there was nothing major in the Budget. No word on fuel subsidy. Increase in expenditure and no fiscal consolidation. For once welfare schemes have not gone berserk, especially nothing on food security bill and that is a welcome reprieve. It is, in a way, more realistic, keeping in tune with the economic situation currently.

BUDGET FY23 – HARNESSING THE ANIMAL POWER OF PVT SECTOR!

about 5 years ago

The Budget began as usual, almost like a tradition, with the FM telling us about the achievements made in the fiscal though this time around, poetry was sadly missing though there was a quoted from the Mahabharata. Thankfully, despite so many important states going into election, it did not have giveaways and sops. It stayed on course and one can even call it ‘non-populistic.’ It’s a bold and pragmatic budget.

PPI OR CPI OR WPI - THE BEST MEASURE?

about 14 years ago

There is now a debate raging; not whether RBI will reduce rates on 31st July but which index reflects the true picture of inflation. The RBI Governor, Dr D. Subbarao, yesterday, stated that the present structure of measuring inflation does not capture the price movement of services and was a hybrid

HIGHLY IMPACTFUL, EXPANSIONARY BUDGET

about 6 years ago

Its good economics that the FM decided to go all-out and loosen all purse strings, irrespective of the fiscal deficit. The Budget clearly shows that the aim is to revive the economy and expenditure can be worried about later. An increased spend in healthcare, railways, highways, ports, airports – all this bodes well.

FY19 GDP AT 5-YEAR LOW AS NEW FM TAKES CHARGE

about 7 years ago

News on the FY19 GDP was not so good; no amount of fiscal management helped. Q4FY19 GDP came in at 5.8% v/s 6.6% in Q3FY19 and that for FY19 was at 6.8%, a 5-year low. The numbers were much below what was estimated by most analysts.

Eclerx Serv up on buyback

about 13 years ago

Eclerx Services is doing pretty well today morning, up over 4.5% at Rs.774.95, with an intra day high at Rs.777. Volumes remain a bit muted at around 1600 shares. The stock is up in the green after the company announced yesterday evening that its board of directors on August 8, 2013 will be ...

L&T hits all-time high

about 6 years ago

The BSE Capital Goods Index is booming, rising to an all-time high of 21797.97, a surge of over 6%.

IT stocks get hit

about 8 months ago

Losers were led by Persistent Systems and LTIMindtree, while Infosys, Tata Consultancy Services and Wipro also traded materially lower; by around 10 am, the decline was still broad-based even as the headline Nifty was relatively steady.

Infra stocks react to NIP

about 7 years ago

This news gave some jump up to the stocks in the infra sector, especially those in the capital good sector. But it’s a mixed bag with not all stocks surging into the green

Staffing stocks on rise

about 11 months ago

Quess Corp’s volume-weighted average price hovered around Rs 209.73 versus a previous close of Rs 213.45, TeamLease Services around Rs 1,650.60 compared with Rs 1,683.10, Updater Services

Cable TV providers in red

about 7 years ago

Media channels, those which provide cable TV services are down in the red. Sun TV was the biggest loser, falling almost 6.5% to Rs.411, Den Networks is down 4% at Rs.44.50

L&T Tech zooms on 'Airbus'

about 7 years ago

L&T Technology Services (LTTS) had closed on Friday at Rs.1487.65 and today, it opened at Rs.1514, which is also the day’s highest point currently.

Hind Dorr hits 5% UC

about 9 years ago

The company which is currently facing corporate insolvency proceedings, is in the limelight on unconfirmed news that Eight Capital Group and Centrum Capital are in a race to pick up a majority stake in the company.

Sastasundar Ventures jumps 17%

about 7 years ago

Sastasundar Ventures, earlier known as Microsec Financial Services is in the limelight in todays trade. The stock price opened with a gain of 10% at Rs.107

Abu Dhabi orders lift Engineers India

about 12 years ago

Engineers India’s Abu Dhabi office has won new orders worth Rs. 150 crore in the first 2 months of fiscal 2016 from its Middle Eastern Clients. This is continuation of the traction which the new office had witnessed in FY15. Current orders are from oil and gas companies as well as from EPC ...

Just Dial Share Buy Back: Just another 'wrong number'

about 12 years ago

Just Dial has announced buy-back of up to 25% of aggregate paid up capital and free reserves, at a maximum price of Rs. 1,550 per share, through a tender offer. Given the current market price of Rs. 1,130, this optically looks like a steal. However, there is more to it than meets the eye. Read on...

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

Navin Fluorine at new high

about 11 years ago

Navin Fluorine hit a new 52-week high at Rs.2050, with volumes rising over 12.5 times. The stock zoomed up on the back of its very good numbers for Q4FY16. It posted a whopping 90% (YoY) jump in net profit at Rs.31.5 crore on a 30% rise in net sales at Rs.146 crore. It ended the fiscal ...

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,

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

JAN IIP - COMES AS A PLEASANT SURPRISE

about 14 years ago

The market was prepared for the worst, maybe more degrowth but definitely not anything good. And once again the Jan IIP numbers baffled everyone, coming in at 2.4% v/s wide expectations of around 1.5%. The growth was driven by electricity, coming in at 6.4%, the highest over the last few quarters. But capital goods continues to trail downwards and manufacturing showed a little bit of improvement at 1.1% v/s a degrowth in Dec

FIIs - DO THEY STILL LOVE INDIA?

about 15 years ago

In the midst of all this gloom and doom, the only news which kind of had a spark to it was that of US private equity firm Warburg Pincus picking up controlling stake in Future Capital at Rs.162/share for around Rs.550 crore. Pantaloon Retail is

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

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?

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

THE MSCI INDEX - A GOOD IDEA TO FOLLOW?

about 13 years ago

Tomorrow, at the close of trading, the Morgan Stanley Capital International Index or more popularly recognized as the MSCI Index will reclassify its indices right across the world. A semi-annual exercise, in India specifically, it will add and delete 13 stocks in its MSCI Global Small Cap Indices.

MAY IIP - A PLEASANT SURPRISE AFTER CRASHING MARKET

about 12 years ago

The May IIP of 4.7% was most certainly a nice surprise, especially when expectations were of IIP coming in at around 3.7 to 3.9%. This time around the growth was led by electricity and basic goods, unlike April, where bounce back was led by capital goods and electricity. The good news is that this time around there was no degrowth

HOW IS RAJAN RESPONSIBLE FOR JAYPEE'S RS.65,000 CRORE DEBT?

about 12 years ago

The market is extremely weak today with no immediate positive trigger on the horizon. With mixed predictions coming in for monsoon - IMD says rainfall will be at 88% and Skymet says it would be 102%. So uncertainty has only grown deeper. And in the midst of all this, we have highly leveraged companies, most infra and capital goods companies and even realty companies sitting tightly in deep red on the bourses. The market is disappointed with the hawkish stance of the RBI Governor and these stocks

CITI SELLS HDFC STAKE - DON'T WORRY, BE HAPPY!

about 15 years ago

The market has been agog with news today about HDFC. The stock was down in the red throughout the day. The stock plunged after Citigroup Inc announced that it plans to sell its entire stake of 9.9% and raise about $2 billion as part of the U.S. bank's efforts to shore up its capital base

MANN KI BAAT HURTS THE MARKET

about 10 years ago

On Christmas Day, PM addressed the nation on the radio, through his monthly "Mann ki baat" and this has spooked the marketmen completely. The very same traders who praised Modi for his 'bold' demonetization move were today seen criticizing him, questioning his objectives, asking the purpose behind the note ban, with some even wondering if he had gone cuckoo! Only reason for this complete loss of faith - the PM in his speech apparently 'hinted' at Long Term Capital Gains (LTCG) taxes. What he actually said was - tax collection

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

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?

VOICES OF DOOM AND GLOOM RISE - WHAT DO WE DO?

about 12 years ago

Yesterday, we woke up to various newspapers and websites quoting Rajan's interview in Central Banking Journal. Rajan had warned previously also, stating that the emerging markets were indeed vulnerable to the big shifts in the capital flows from the rich nations. In this recent interview, he once again reiterated the same viewpoint, only more vociferously, saying that "global markets are at risk of a crash should investors start bailing out of risky assets

Welspun Enterprises is 'energized'

about 10 years ago

Welspun Enterprises announced on Saturday that its Board, subject to the approval of the members of the Company, has approved sale of its entire investment of 60,493,342 equity shares representing 15.49% in the paid up equity share capital of Welspun Energy. As against its investment of Rs. 9 ...

CAR MAKERS - EVERYTHING HINGES ON FESTIVE DEMAND

about 14 years ago

This is also the time when auto companies brace for the best season of the year. The second half is usually their best, with festivals, New Year and then the fiscal year tax rebates. Not surprisingly then, the Indian car market will witness a total of 30 new cars this festive season.

Hotel Leela in celebratory mood

about 9 years ago

Its good news for the beleaguered Hotel Leela. Private equity fund Marigold Capital is set to acquire Leela Ventures’ 326-room Chennai Hotel.

FEB CPI RISES WHILE JAN IIP GROWS

about 12 years ago

It was a mixed picture this time around. The IIP for Jan'14, driven mainly by capital goods sector, came in at 2.6%, up from 1.7% in Dec, which was much better than expected. On the other hand, CPI for Feb'14 was at 5.37%, up from 5.11% in Jan. This is a clear indication that the sweetness of monsoon is going

ITS JUST ANOTHER DAY

about 7 years ago

Under normal circumstances, today, the 31st March would have been such a busy day. It is after all the last day of the fourth quarter of FY20, the last day of the FY20 fiscal. It is the day when all accounts are closed for the fiscal and more importantly, the last day

Ujjivan tanks post IPO plans

about 7 years ago

Ujjivan Financial Services is in the limelight today and not much in the positive way. The stock opened at a loss of almost 7% at Rs.265, going down to an intraday low at Rs.261.70, down 8%.

PTC India Financial on a roll!

about 13 years ago

PTC India Financial Services is doing very well today morning on the back of its encouraging numbers for Q4Fy14 and FY14. The stock has hit a new 52-week high today at Rs.19.50 and it continues to remain around the same levels. This 60% subsidiary of India’s largest power trader PTC In ...

HCL Tech rides on Ford buzz

about 14 years ago

HCL Tech is rallying very strong today, opening higher at Rs.787 and going on to hit an intra day high at Rs.792.65 and it currently remains around the same levels at Rs.790, up 2%. The stock is up on buzz that the company has bagged a multi-year infrastructure management services contract f ...

Oracle Fin top loser on BSE

about 14 years ago

Oracle Financial Services Software is currently the top loser on the BSE currently. The stock is down over 5% at Rs.2570 and this is a recovery from the day’s low point at Rs.2535.55. The stock has slumped as the market was expecting the company to announce delisting but instead, promo ...

PTC India Fin down in the red

about 14 years ago

PTC India Financial Services is down in the red today , following its disappointing set of numbers for Q4FY13. The stock is currently down 3% at Rs.14.86, with an intra day low at Rs.14.70. Market cap stands at Rs.835 crore. The company is a subsidiary of PTC India, which holds 60% sta ...

Oracle Fin hits new low

about 14 years ago

Oracle Financial Services is not doing too well today morning. The stock is currently down 2393 and this is after it hit a new 52-week low today at Rs.2350, the low at which it opened for trading. The stock has hit a low after the company disappointed the market by setting its Offer For Sale ...

M&M Fin continues to sulk

about 14 years ago

Mahindra & Mahindra Financial Services continues to sulk even today on the bourses. It remains amongst the top losers on the BSE, currently down almost 4.5% at Rs.226 closer to its intra day low point of Rs.223. The stock is down after the company stated that it has decided to not apply ...

Oracle Fin slumps over 2%

about 13 years ago

Oracle Financial Services was down over 2% at Rs.2896.95, with an intra day low at Rs.2805. Volumes are also up over 10 times from 2900 shares to around 22,000 shares today. The stock has tanked following a poor performance as it posted a consolidated net profit at Rs.366 crore, down 1 ...

Exide up and about

about 13 years ago

Exide Industries is up almost 2% at Rs.129.30, with an intra day high and low at Rs.130.20 and Rs.127.90 respectively. Volumes remain muted at 20,000 shares. The stock is up on news that Canada based Manulife Financial Services will be buying 26% stake in ING Life Insurance. The deal was val ...

Geojit BNP Paribas defers quarterly results

about 13 years ago

Due to unavoidable circumstances, Geojit BNP Paribas Financial Services has postponed its meeting of Board of Directors scheduled for today 15th October. This board meeting was essentially to consider and publish the company’s financial results for quarter and half year ended 30th September ...

Gujarat Gas up over 9%

about 13 years ago

Gujarat Gas is up currently over 9% at Rs.242.40, with an intra day high at Rs.253.35. Volumes are up over 10 times. The stock is up after the board members approved merger of company with four other companies - GSPC Distribution Networks, GSPC Gas, Gujarat Gas Financial Services and Gujarat ...

Oracle Financial falls as parent falls

about 13 years ago

Oracle Financial Services is the second top loser after TCS on the BSE. The stock which had closed yesterday at Rs.2907, opened higher at 2910 and even went on to an intra day high at Rs.2929 but soon slipped to the day’s low point at Rs.2820 and is currently around the same levels. Yesterd ...

Marico Kaya gets a 'face-lift'

about 12 years ago

Marico Kaya Enterprises (MaKE), the demerged and now separately-listed skin care services arm of Marico, has been in the limelight on surging volumes and sharp price rise. Today, shares of MaKE are trading 13.7% higher at Rs 417 a piece on BSE. During the previous trading session (Thursday), the ...

Asian Oilfield surges on order

about 10 years ago

Asian Oilfield Services is in the limelight today morning. It scaled up almost 11% at Rs.79.50 but profit booking at that level has not brought the stock to Rs.74 levels, up some 2.5%. The stock surged on the back of good news that it has received Letters of Award (LoA) for two contracts from ...

Sasken Comm hits 20% lower filter

about 12 years ago

Sasken Communication opened weak today but went on slipping to finally hit the 20% lower circuit at Rs.253. The company announced today morning that Mr. Anjan Lahiri, Whole Time Director & CEO has resigned from the services of the Company and consequently from the Board of Director ...

TCS slumps on weak Q3 outlook

about 12 years ago

TCS is amongst the top weak scrips on the bourses today. The stock is obviously reacting to the Investor/Analyst meet held on Friday, wherein, it warned that Q3 revenue growth could get weaker due to seasonality pressure and pressure in the Banking, Financial Services and Insurance (BFSI) busines ...

eClerx remains firmly in the green

about 12 years ago

eClerx Services had hit a new high on 30th March at Rs.1719.35 and today, though it did not hit a new high today, it remains firmly in the green. It is up 3.5% at Rs.1644 and it had hit an intra day high at Rs.1700. The stock is up, reacting to the news that its Board has agreed to buy CLX E ...

L&T Tech makes its debut

about 10 years ago

L&T Technology Services got listed on the BSE today at Rs.900 and this was at a 5% premium over the issue price of Rs.860/share. This issue from the stables of L&T has got subscribed 2.52 times, receiving bids for 1.83 crore shares. L&T's stake in L&T Technology Serv ...

Polaris in the limelight

about 11 years ago

Polaris Consulting & Services is a big gainer on the BSE currently. Hitting an intra day high at Rs.224, it seemed as though its 52-week high of Rs.235.19 was much within reach. Volumes are good at almost 4.5 lakh trades less than an hour of trading compared to around 3 lakh shares over two w ...

eClerx spikes up on robust Q1

about 11 years ago

eClerx Services is currently the top gainer on the BSE and this is after hitting a new high at Rs.1776.95. The stock remains firmly in the green, up over 9% with volumes showing a surge of a mind boggling 10.5 times. The market is thrilled with the company’s Q1FY16 performance. It post ...

Infosys up in the green

about 11 years ago

Infosys is up in the green since morning, up over 2.25% at Rs.1129.50, with an intra day high of Rs.1131.95. Its 52-week high stands at Rs.1186 and low at Rs.898.53. The stock is up on two counts – firstly it secured an order from the Govt of India for Goods and Services Tax (GST) cont ...

A2Z Infra in the limelight

about 11 years ago

A2Z Infra Engineering (formerly known as A2Z Maintenance & Engineering Services Limited) is in the limelight today morning. The stock price is currently up over 5% at its intra day high point of Rs.29 with volumes of some 1.5 lakh shares. This is an EPC company service provider in p ...

A2Z Infra at new high, again!

about 10 years ago

A2Z Infra Engineering (formerly known as A2Z Maintenance & Engineering Services Limited) is in the limelight today morning. The stock price is currently up over 5% at its intra day high point of Rs.29 with volumes of some 1.5 lakh shares. This is an EPC company service provider in p ...

Fortis Healthcare has a sickly pallor

about 10 years ago

Fortis Healthcare has a sickly pallor today and this is caused by the Directorate General of Health Services (DHS). The DHS has ordered the company to deposit Rs.503 crore for non-compliance of conditions of land allotment lease. This is actually a non-compliance by its subsidiary Escorts He ...

Bharti Airtel "out of order"

about 14 years ago

Bharti Airtel is down since Friday and today too, it remains streaked in red. The stock opened lower at Rs.306 and it dipped to an intra day low at Rs.301.20 and it currently remains at around the same levels. On Friday, the DoT asked the company to stop its 3G services within 3 days in the ...

TeamLease jumps up over 6.5%

about 10 years ago

TeamLease Services announced yesterday after market closure that it has signed a definitive agreement to acquire 100% shares in Keystone Business Solutions Private Limited. This is being done through its wholly owned subsidiary, TeamLease Staffing Services. The proposed acquisition does not f ...

M&M Financial hits new low

about 7 years ago

M&M Financial Services hit a two-year low today at Rs.289.15; though it has jumped back to Rs.310 levels, it is currently the top loser on BSE.

WHAT ARE THE CHANCES OF INDIA POST BECOMING A BANK?

about 13 years ago

Making use of the postal services for banking is the most logical thing to do. Take the case of Japan. It is extremely successful, not delivering mails but mainly as banks. Most post offices in Japan offer a savings account and it does cover most banking needs including ATMs at a wide range of places including remote villages and mountain towns

L&T Tech falls over 2%

about 7 years ago

L&T Technology Services has been losing for the last 2 days and has fallen -4.04% during this period. The stock slipped over 2.2%

Max Financial jumps 9%

about 8 years ago

Max Financial Services (MFS), the holding company of Max Life Insurance, is the top gainer on the BSE since opening bell, obviously enthused with its earnings for Q2FY19.

L&T Tech jumps up 7.5%

about 9 years ago

L&T Technology Services rose almost 7.5% to Rs.1367, with volumes going up almost 4 times. Its 52-week high stands at Rs.1547.

LTTS hits a new high

about 9 years ago

L&T Technology Services (LTTS) has been the top gainer on the BSE right from the opening bell. The stock has hit the 20% UC at Rs.1216.55, a new high after 16 months.

SIS (India) hits lifetime high

about 9 years ago

Security and Intelligence Services (India) Ltd (SIS (India)) hit a lifetime high at Rs.1035 and remains firmly in the green.

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.

OCTOBER IIP - BOGGLES THE MIND!

about 11 years ago

October IIP came in at a jaw dropping 9.8% v/s 3.6% in Sept. Manufacturing which contributes over 75% to the IIP basket came in at 10.6% v/s 2.6% (MoM) . Even capital goods number came in at 16.1% v/s 10.5% (MoM). Consumer goods was very good at 18.4% v/s 0.6% (MoM) - combination of durables and non-durables. Consumer durables came in a 42.2% v/s 8.4% (MoM)!! This means we consumed 50% more consumer durables in Oct!

Q3FY21 GDP – BACK IN THE GREEN!!!

about 6 years ago

The Q3FY21 GDP came in at 0.4%, maybe much lower than what many expected. But the fact is, it did come in the positive and that in itself is good news. So, we can say that the ‘V” is slowly but surely forming. Till the services sector, led by trade, hotel, transport and communication does not get back on track

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,

JAN IIP AND FEB CPI - MUCH BETTER THAN EXPECTED

about 13 years ago

Does this mean that we are turning around? Too early to sound the victory bugle. We are sure to see very incipient kind of numbers in the months to come. Q4 FY14 is expected to end with a growth of anywhere between 4.6% to 4.7% but then again, all depends on agriculture growth. But one to also remember that services PMI has been contratcting, manufacturing is hardly growing and this means, major efforts

WHY NOT AN IPO FROM INDIAN POST?

about 14 years ago

So that brings forth the thought - why can't our Indian postal services be made more efficient and eventually an IPO? Yes, delivering letters in this era of social network, emails and couriers is a losing business but like Japan, maybe becoming a bank? Why can't RBI grant a banking license to India Post?

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

INDIA POST - CAN THE 'DAAKIYA' BECOME YOUR BANKER?

about 15 years ago

Today, a visit to the post office could be for either putting money in your monthly postal savings scheme or transact such similar activities. From a postal services organization, it is today a semi-bank. The Communications Minister, Mr. Kapil Sibal, wants the Reserve Bank of India (RBI) to grant a banking license to India Post. Why not?

L&T Technology in limelight

about 9 years ago

L&T Technology Services rose almost 3% in the opening bell session to Rs.848; it has come off this level and is now at Rs.840, up 2%. Its 52-week high is at Rs.869.40.

Aksh Optifibre in the limelight

about 9 years ago

Aksh Optifibre has bagged a national level banking correspondent services contract from Bank of Baroda (BoB). This is for setting up 5,000 banking kiosks through its flagship services arm, 1 STOP AKSH in the upcoming year.

Ujjivan Financial becomes brighter

about 9 years ago

Ujjivan Financial Services figures amongst the top five gainers on the BSE, going up 6.5% to Rs.346 and remains firmly in the green.

SIS debuts over IPO price

about 9 years ago

Security and Intelligence Services (India) or SIS as it is known, got listed on the BSE today at Rs875 v/s IPO price of Rs.815.

Edelweiss Financial at a new high

about 9 years ago

Edelweiss Financial Services is among the top three gainers since opening bell. It has hit a new high at Rs.200.70, up almost 8.5% and continues to remain strongly in the green.

Ujjivan Financial slips and falls

about 10 years ago

Ujjivan Financial Services slipped almost 6% intra day to Rs.379 on the back of its poor show for Q4Fy17. It has recovered from there but remains firmly in the red at Rs.387 levels currently. Its 52-week low is at Rs.217.05.

M&M Financial down 5%

about 10 years ago

Mahindra & Mahindra Financial Services is amongst the top five losers on the BSE, down almost 5% at Rs.324 levels, its intra day low levels.

Megasoft jumps on new order

about 10 years ago

The company, was awarded the cloud-enabled solution & services contract by the Bihar State Electronics Development Corporation Ltd. (BELTRON). The state Government of Bihar

Engineers India jumps on HPCL order

about 10 years ago

Engineers India has secured a Rs.2500 crore worth order from HPCL. This is for execution of Vizag Refinery Modernization Project. The company is to execute this project contract under two separate contracts, namely "PMC Services for major Process Units and packages under U&O" a ...

Alankit in the limelight

about 10 years ago

Alankit, a small-cap stock announced yesterday after market closure that it has been appointed as E-KYC User Agency (KUA) for the usage of Aadhaar Authentication Services provided by UIDAI to provide Aadhaar Enabled Services to Company beneficiaries, clients and customers. Six days ago, the ...

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

Max Financial is top gainer

about 10 years ago

Max Financial Services hit a new 52-week high today at Rs.514.40, briefly breaching the 20% UC. It has since then cooled down a bit and is now at Rs.498, up over 16%. Volumes have jumped up 9 times. Max Life, which is a JV between Max Financial (68.01% stake) and Mitsui Sumitomo Insurance (2 ...

WHY BOTHER ABOUT MOODS OF RATING AGENCIES?

about 7 years ago

Why are we bothered about the rating agencies? Is it a “foreigner” perception which is ingrained in most Asians? That’s the only thought which comes to mind when we read the Govt is holding back on its stimulus package because it is worried about a sovereign rating downgrade when the fiscal deficit deteriorates further.

Muthoot Fin in limelight

about 12 years ago

Muthoot Finance is in the limelight today, up almost 2% currently at Rs.193, with an intra day high at Rs.196.75. The stock is buzzing as it announced acquisition of a 30% stake in Asia Asset Finance PlC from Asia Capital PLC, a major shareholder, through Colombo Stock Exchange at a total va ...

VICTORY OF SYRIZA IN GREECE - OPENING A PANDORA'S BOX

about 12 years ago

The Greek elections, with Leftist Syriza winning has split a debate wide open - all over again. Fears of moving out of the Eurozone apart, there is growing anxiety that Syriza, which is all for expanding monetary and fiscal policies, doing away with austerity, might just rub orthodox Germany the wrong way.

CREDIT POLICY - KEEPS RATES UNCHANGED, PRAGMATIC OUTLOOK

about 12 years ago

Whew! The much expected, at least by analysts and economists happened - the RBI Governor, Raghuram Rajan did not change the rates; repo, reverse repo and CRR were left unchanged. But the good news here is that RBI has stated in the policy that if the current inflation momentum continues and fiscal developments remain encouraging, a change in the monetary policy stance is likely early next year,

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 ...

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 ...

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 ...

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 ...

Marico Kaya zooms to new high

about 12 years ago

Marico Kaya has been hitting a new high since the 28th of August when it hit Rs.589 and today, it hit another new high at Rs.650. It currently trades at Rs.640 levels. The stock has hit a high today after the RBI announced yesterday that FIIs could now invest upto 40% of the paid up capital ...

AGRICULTURE - REAL FOOD FOR THOUGHT

about 12 years ago

Food prices drive inflation, the very same inflation based on which RBI Governor makes crucial fiscal decisions; the same inflation which affects profit margins of companies as it has ramifications on raw material prices and the very same inflation which affects the entire economy. So if A=B and B=C, A=C. that's the simple math which we were taught. Applying the very same math thus food prices =economy. And what affects food prices? Agriculture.

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 ...

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 ...

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 ...

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 ...

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 ...

Fortis spurts on stake sale news

about 11 years ago

Fortis Healthcare is amongst the top gainers on the BSE currently. From its close of Rs.156.55 yesterday, it has gone up to an intra day high of Rs.164.95 and continues to hover around the same levels. The stock is up on unconfirmed news that PE funds, Baring Asia, Capital International and ...

31ST MARCH - WHY THE 'YEAR' ENDS TODAY?

about 12 years ago

31st March. The date would be shivers down the spine of bankers and auditors. It's the day of frenzied activity, of closing the fiscal and paying up taxes, settling all books. The new year, for most of India Inc, Banks and taxman, begins on 1st April and ends on 31st March. For those following the fiscal

HOW DO YOU LOOK AT RESULTS - YoY OR QoQ?

about 11 years ago

In our hugely popular Stock Query section, we come across many subscribers asking us this very question - should they look at the performance of their stock on a QoQ or YoY. Should we look at sequential numbers - Q2 and Q1 of the same fiscal or should we look at Q2 of this fiscal and corresponding Q2 of previous fiscal? And sometimes, there is no straight, forthright answer to that. Sometimes when you look at the performance sequentially, the numbers

Kwality packs a delicious "KKR" flavour

about 10 years ago

Today morning, before the opening bell, Kwality Ltd, India’s largest private dairy company, announced that it has received capital commitment of upto Rs 520 crore via structured finance from PE Fund, KKR India. The proceeds are to be utilized to fund Capex to further strengthen milk pr ...

LESSONS FOR THE EARNINGS SEASON

about 10 years ago

uarter-on-Quarter (QoQ) or Year-on-Year (YoY)? That is always the moot question during earning season. Financial performance is all about comparison but which is the scale that one is supposed to use? Should we look at sequential numbers – Q3 and Q4 of the same fiscal or should we look at Q4 of this fiscal and corresponding Q4 of previous fiscal.

EARNINGS – SEQUENTIAL OR ANNUAL?

about 6 years ago

The earnings season has started and once again, we face the same dilemma while analyzing the performance - Quarter-on-Quarter (QoQ) or Year-on-Year (YoY)? Should we look at sequential numbers – Q2 and Q1 of the same fiscal or should we look at Q2 of this fiscal and corresponding Q2 of previous fiscal?

JUNE – HALF YEAR GONE OR HALF YEAR LEFT?

about 5 years ago

June holds all the promise of a Salman Khan movie though let’s hope its not a ‘Radhe’ which we get dumped with. This is going to be an action packed 15-days. There is so much macro data coming in that we will be reeling, number crunching; really, how many numbers does one small brain keep track of - the GDP, fiscal deficit, IIP, CPI, not to mention the Sensex, Nifty and stock prices and over and above all these, the corona numbers too!

A 'YEAR CHANGE' FOR CONVENIENCE

about 7 years ago

The talk of change in the “year” is once again doing the rounds. This time around, its RBI – it wants to align its accounting year end, which follows the 1st June – 31st July cycle with the fiscal – 1st April – 31st March.

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.

GROWTH – COLLATERAL DAMAGE IN ELECTION YEAR

about 8 years ago

The timing is simply impeccable. Just a day after India celebrated its 71st Independence Day, India Rating (Ind-Ra), the 100% subsidiary of Fitch Group lowered the growth projection for the current fiscal (2018-19) to 7.2%. This is a cut of 20 bps from its earlier estimate of 7.4% GDP.

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!

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,

Hind Zinc residual stake sale by Govt. coming soon?

about 6 years ago

Stake sell can yield a total sum of Rs. 30,000 cr. to the Government, which will be crucial to meet its Divestment target, as also, to tide over fiscal hardship in this Covid time

WHY THIS BROUHAHA OVER IT IMMIGRATION LAW?

about 10 years ago

Currently, India, compared to the rest of the world, looks like an ocean of calmness and stability, notwithstanding the demonetization. The most important fiscal event of the year, the Budget is over and now we look ahead at the elections in the five states of India; obviously with UP taking the center stage.

31ST MARCH - WHY THE 'YEAR' ENDS TODAY?

about 11 years ago

31st March. The date would be shivers down the spine of bankers and auditors. It's the day of frenzied activity, of closing the fiscal and paying up taxes, settling all books. The new year, for most of India Inc, Banks and taxman, begins on 1st April and ends on 31st March. For those following the fiscal, 31st Dec is a quarter

PSU DIVIDEND PAYOUT - NEEDS A CORRECTION

about 11 years ago

The Govt falls short of money? No problem. Arm twist the PSU companies, especially those with a healthy balance sheet to declare crazy, illogical percentage of dividends. This is how it has always been. In FY15, the Govt collected Rs.88,781 crore as dividend from its PSU companies. And the target for the current fiscal is Rs 1,00,651 crore -

7TH PAY COMMISSION - TO BOOST CONSUMPTION

about 11 years ago

There are various other recommendations; after all it is a very detailed 900-page document. This is good news for the Govt employees but for the Govt itself, it could mean that it puts a question mark of the Finance Minister's ability to meet the fiscal deficit target of 3.5% of GDP. This pay hike will put more money in the hands of people with no real increase in supply - today's statement by Rajan, expressing his worry over no increase in public and private investments in the country,

RIL PP - Blood Sucker of retail investors

about 6 years ago

Lately RIL share price fell to Rs. 1,842 (a fall of 22% from life high), RIL PP also fell to Rs. 969 (a fall of 34%) , thus eroding capital of RIL PP faster.

Hind Zinc - Govt selling its residual stake?

about 6 years ago

This will give Rs. 40,000 crores to Govt, which will help Govt to meet its divestment target, as also, to curtail Fiscal Deficit.

Shriram EPC spikes up over 16%

about 10 years ago

Yesterday, Shriram EPC held a Board meeting and it decided to convert its Working Capital Term loan of the CDR Lenders into equity shares of the Company to the maximum extent of Rs. 1280 crore. At the same time, it will be making a preferential issue to the Holding Company - SVL Limited (Ers ...

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 ...

Stanrose Mafatlal in the limelight

about 10 years ago

Stanrose Mafatlal Investments and Finance, formerly known as Sandeep Holdings Limited is a NBFC, primarily engaged in the business of Inter-corporate investments, financing and capital market related activities. Today, it is a part of the Standard Industries group while earlier, when it began, it ...

STRESSED ASSETS - LURE OF MONEY?

about 6 years ago

That explains why the subsidiaries of debt-ridden Reliance Capital have received such an overwhelming response, even in these pandemic times. Not one or two, or even 10, the subsidiaries have collectively received over 60 bids and list of bidders is dominated by global PE funds.