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Pace Digitek picks up pace

about 6 months ago

The stock was trading higher today, with the stock up 5.24% at Rs.182.90 on the BSE around late morning trade, after moving between Rs.175.45 and Rs.183.40. The counter opened at Rs.175.85 versus the previous close of Rs.173.80, while VWAP

Pace Digitek picks up pace

about 24 days ago

The stock opened sharply higher at Rs. 165.55 against the previous close of Rs. 154.80 and touched an intraday high of Rs. 174.90. Volumes were strong, with 7.64 lakh shares traded against a two-week average of just 0.41 lakh shares, while turnover stood at Rs. 13.07 crore.

Pace Digitek

about 1 year ago

Inexpensive for Expected Growth & Diversification
Subscription Start Date :26 Sep 2025 End Date :30 Sep 2025
Issue Size : Rs. 819 cr, Issue Type : Fresh Issue
Price Band : Rs.208 to Rs. 219
--------------------------------------------------
Overall Subscription : 1.59x
QIB : 1.6x,HNI :2.9x,Retail :1.03x,Other :1.7x
Listing Date : 6 Oct 2025, , Listing Price : 225

GROWTH SLOWS, INFLATION PICKS UP PACE

about 7 years ago

IIP for May came in lower at 3.1% v/s 3.4% (MoM) and CPI was at 3.18% for June v/s 3.05% (MoM) and this was obviously led by increase in prices of food and vegetables/fruits. Growth for May is a disappointment but then looking at the high frequency data for the past few months, this does not come as a surprise at all

Bharti Airtel - Sending LOUD & CLEAR Message

about 5 years ago

Even Funds and Institutional Investors, keen to have pure telecom exposure, are seen moving from RIL to Airtel now, while this pace will gather momentum, on unfolding of more news flows.

COBRAPOST, NEPOTISM, CBI - NOT DAAL MEIN KAALA, ENTIRE DAAL IS BLACK!

about 14 years ago

Fast and furious. That's the pace of the worms coming out of the rotten can. It used to be one scam per week, then per day but now it looks like, its scam every hour!

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.

DAL-CHAWAL BECOMES A DELICACY

about 11 years ago

The population keeps on increasing but pulses output has not kept pace with this growth - output is up less than 2% during the past 20 years. Acreage has risen less than 0.8% and yield rose just 0.9%. Pulses are not a cash crop and this means over a period of time, less and less area comes under pulses production.

MARKET NOW NEEDS SITHARAMAN, DESPERATELY!

about 5 years ago

Forced by rising inflation, the US Fed Reserve yesterday night signaled a rate hike during its 15-16th March meet, very much what the global markets were all expecting. The Fed very clearly spelt out that we will be looking at not just March but a steady pace of increasing interest rates, at a much faster pace than what was anticipated.

Supreme Petro only-buyer on stellar results

about 11 years ago

Polystyrene maker Supreme Petrochem’s shares are locked in 20% upper circuit, both on NSE and BSE, at Rs. 114.40 per share, which is also the share’s new 52 week high priece. The counter remains an only-buyer, with outstanding buy orders of 2.28 lakh, at the upper circuit price, on bo ...

Lupin gets a shot in the arm

about 13 years ago

Shares of Lupin Limited are up 1.6% at Rs. 864 on NSE, post announcement from the company that it has successfully launched generic Zymaxid ophthalmic solution used in treating bacterial conjunctivitis in the US market, which has an annual size of approximately $ 62.3 million. Being the first to ...

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 ...

Sobha remains subdued

about 12 years ago

Realty company, Sobha is pretty volatile today with the stock opening lower at Rs.455 and going down an intra day low at Rs.422.55. Volumes are up over four times. Though it has come off these low levels, it is less than one percent in the red currently. The stock is down after the company y ...

Jain Irrigation bountiful harvest

about 12 years ago

Jain irrigation is doing extremely good today morning. The stock has breached the 15% upper circuit at Rs.65.40 and it now galloping ahead, up almost 17% at Rs.66.25. Volumes have jumped up over 4 times. The market is thrilled to bits with this performance of Jain Irrigation for Q4Fy15. Cons ...

‘New Energy’ Plans of RIL – Look Like Paper Projects?

about 5 years ago

Bulk of the announcements will only end up with a small side division and will NOT materially contribute to the future growth of RIL

Bharat Forge down on CLSA snub

about 11 years ago

Bharat Forge is painted deep red today. From yesterday’s closing of Rs.933.25, it opened weak at Rs.886 and slipped to intra day low of Rs.876.55. It recouped from there and is now at Rs.900 levels, yet down over 3.5% . The company is due to declare its Q2 numbers on 29th Oct but befor ...

Reliance Industry Share Price & History

about 8 years ago

Inside details & Analysis of Reliance Industries' share price. Analysis of each division of Refining, Petrochem, Oil & Gas, Retail, Jio (Telecom & Digital) & Media.

Wipro grabs some eyeballs

about 8 years ago

Wipro went up 2% to Rs.272 though volumes remained muted. It is currently just about holding onto the green, barely 0.15% up.

Indigo in rough weather

about 8 years ago

InterGlobe Aviation or Indigo slipped almost 4% to Rs.1181.10 and continues to remain firmly in the red; it is the second top loser on the BSE.

Suzlon slumps on Q1 loss

about 8 years ago

Following this poor show, Suzlon is currently the second top loser on the BSE, going down 7% to Rs.7.30. Its 52-week low is at Rs.6.85.

Infosys down on poor guidance

about 8 years ago

Infosys is among the top five losers on the BSE, going down over 4.5% to Rs.713.70 and it has underperformed the sector by almost 4%.

Kotak Bank remains down

about 7 years ago

The stock price yesterday fell, post the earnings by over 4% to Rs.1618.05; today it opened lower at Rs.1608.90 and went down further 2% to Rs.1586.05.

HCL Tech loses ground

about 9 years ago

HCL Tech is amongst the top losers on the BSE today morning. The stock fell 4.75% to Rs.1001.55; it has recouped since then and did not fall below the Rs.1000-mark. Its 10% LC for today is at Rs.946.30.

Akums Drugs

about 2 years ago

Aggressively Priced
Subscription Start Date :30 Jul 2024 End Date :1 Aug 2024
Issue Size : Rs. 1,857 cr, Issue Type : Fresh cum OFS
Price Band : Rs.646 to Rs. 679
--------------------------------------------------
Overall Subscription : 63.44x
QIB : 90.09x,HNI :42.1x,Retail :20.8x,Other :4.14x
Listing Date : 6 Aug 2024, , Listing Price : 725

Cummins faces outage

about 7 years ago

In fact, its consecutive two sessions, Friday and today that the stock has been falling and has lost over 13.5%.

Aadhar Housing Finance

about 2 years ago

Can expect 15%-20% Listing Gain
Subscription Start Date :8 May 2024 End Date :10 May 2024
Issue Size : Rs. 3,000 cr, Issue Type : Fresh cum OFS
Price Band : Rs.300 to Rs. 315
--------------------------------------------------
Overall Subscription : 26.76x
QIB : 76.42x,HNI :17.33x,Retail :2.58x,Other :6.88x
Listing Date : 15 May 2024, , Listing Price : 315

Sula Vineyards

about 4 years ago

Not worth ‘Tasting’
Subscription Start Date :12 Dec 2022 End Date :14 Dec 2022
Issue Size : 960 cr, Issue Type : OFS
Price Band : Rs.340 to Rs. 357
--------------------------------------------------
Overall Subscription : 2.33x
QIB : 4.13x,HNI :1.51x,Retail :1.65x
Listing Date : 22 Dec 2022, , Listing Price : 357

Prudent Corporate

about 5 years ago

Imprudent Pricing
Subscription Start Date :10 May 2022 End Date :12 May 2022
Issue Size : 539 cr, Issue Type : OFS
Price Band : Rs.595 to Rs. 630
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Overall Subscription : 1.22x
QIB : 1.26x,HNI :0.99x,Retail :1.29x,Other :1.23x
Listing Date : 23 May 2022, , Listing Price : 650

Star Health

about 5 years ago

Extremely Expensive Shine
Subscription Start Date :30 Nov 2021 End Date :2 Dec 2021
Issue Size : 7249 cr, Issue Type : Fresh cum OFS
Price Band : Rs.870 to Rs. 900
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Overall Subscription : 0.79x
QIB : 1.03x,HNI :0.19x,Retail :1.1x,Other :0.1x
Listing Date : 10 Dec 2021, , Listing Price : 845

CarTrade Tech

about 5 years ago

Verdict :Profitable Start-up with Exorbitant Pricing
Subscription Start Date :9 Aug 2021 End Date :11 Aug 2021
Issue Size : 3000 cr, Issue Type : OFS
Price Band : Rs.1585 to Rs. 1618
--------------------------------------------------
Overall Subscription : 20.29x
QIB : 35.45x,HNI :41x,Retail :2.75x
Listing Date : 20 Aug 2021, , Listing Price : 1600

ITI Ltd

about 7 years ago

Verdict :It’s a Wrong Number - IPO withdrawn
Subscription Start Date :24 Jan 2020 End Date :5 Feb 2020
Issue Size : 1400 crore, Issue Type : Fresh issue
Price Band : Rs.71 to Rs. 77
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Listing Date : 13 Feb 2020,

IRCTC

about 7 years ago

Verdict :Indeed, Really Cheap Ticket Cost
Subscription Start Date :30 Sep 2019 End Date :3 Oct 2019
Issue Size : 638 crore, Issue Type : OFS
Price Band : Rs.315 to Rs. 320
--------------------------------------------------
Overall Subscription : 112x
QIB : 109x,HNI :355x,Retail :14.65x,Other :5.79x
Listing Date : 14 Oct 2019, , Listing Price : 626

IndiaMart

about 7 years ago

Verdict :Attractive for ST, under watch over LT
Subscription Start Date :24 Jun 2019 End Date :26 Jun 2019
Issue Size : 475 crore, Issue Type : OFS
Price Band : Rs.970 to Rs. 973
--------------------------------------------------
Overall Subscription : 36.2x
QIB : 30.83x,HNI :62.13x,Retail :14.06x,Other :6.06x
Listing Date : 4 Jul 2019, , Listing Price : 1180

Ircon

about 8 years ago

Verdict :Priced well
Subscription Start Date :17 Sep 2018 End Date :19 Sep 2018
Issue Size : 467 crore, Issue Type : OFS
Price Band : Rs.470 to Rs. 475
--------------------------------------------------
Overall Subscription : 9.87x
QIB : 12.29x,HNI :4.92x,Retail :9.96x,Other :0.36x
Listing Date : 28 Sep 2018, , Listing Price : 412

Bharat Dynamics

about 9 years ago

Verdict :Good for LT
Subscription Start Date :13 Mar 2018 End Date :15 Mar 2018
Issue Size : 953 crore, Issue Type : OFS
Price Band : Rs.413 to Rs. 428
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Overall Subscription : 1.3x
QIB : 1.5x,HNI :0.5x,Retail :1.41x,Other :0.42x
Listing Date : 23 Mar 2018, , Listing Price : 370

Newgen Software

about 9 years ago

Verdict :Not exciting enough
Subscription Start Date :16 Jan 2018 End Date :18 Jan 2018
Issue Size : 485 crore, Issue Type : Fresh cum OFS
Price Band : Rs.240 to Rs. 245
--------------------------------------------------
Overall Subscription : 8.25x
QIB : 15.62x,HNI :5.52x,Retail :5.18x
Listing Date : 29 Jan 2018, , Listing Price : 253

Apex Frozen Foods

about 9 years ago

Verdict :Freeze it, only with a long term view!
Subscription Start Date :22 Aug 2017 End Date :24 Aug 2017
Issue Size : 152 crore, Issue Type : Fresh cum OFS
Price Band : Rs.171 to Rs. 175
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Overall Subscription : 6.14x
QIB : 1.91x,HNI :7.82x,Retail :8.53x,Other :1.1x
Listing Date : 04 Sep 2017, , Listing Price : 202

Shankara Building Products

about 10 years ago

Verdict :Building a sturdy product
Subscription Start Date :22 Mar 2017 End Date :24 Mar 2017
Issue Size : Rs 345 crore, Issue Type : Fresh cum OFS
Price Band : Rs.440 to Rs. 460
--------------------------------------------------
Overall Subscription : 41.88x
QIB : 52.39x,HNI :91.22x,Retail :14.73x,
Listing Date : 04 Apr 2017, , Listing Price : 555

Equitas Holdings

about 11 years ago

Price Band : Rs. - to Rs. -
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Ipca Labs at new high

about 7 years ago

In the market carnage, this is one stock which has hit a 52-week high at Rs.1615.17, a jump of over 17%.

Ultratech Cement at new high

about 6 years ago

The stock, which had closed yesterday at Rs.4892.25, closed higher and soon went on to hit a new high at Rs.5198.30.

Bank of Maharashtra - Seen Ahead In Stake Sale By Govt.

about 5 years ago

This retail float is of Rs. 365 crore, while 75% of this may not come for selling. So, MF & FIIs seen keen buyer will have a maximum float available of Rs. 92 crore, which is peanut for them.

Park Medi hits new high

about 6 months ago

The stock opened at Rs. 208.60 and touched an intraday high of Rs. 216.00, also its 52-week high, before easing, with the day’s low at Rs. 207.75 and VWAP around Rs. 211.49. Trading volumes were modest (TTQ about 0.32 lakh shares)

MIC Electronics locked at 10%UC

about 9 months ago

The shares were locked at the 10% upper circuit on the BSE today, with the stock trading at Rs 38.94 versus the previous close of Rs 35.40.

L&T picks up momentum

about 9 months ago

The intraday price range saw a high near Rs. 3,935 and a low around Rs. 3,850, with the stock’s VWAP around Rs. 3,897, reflecting steady accumulation in a heavyweight index constituent.

South Indian Bank slips 19%

about 9 months ago

The stock came under sharp selling pressure in Friday’s morning trade, sliding as much as 19% to around Rs. 36 a share and hitting a three-month low, even as the broader market also traded weak.

Textile stocks jump back up

about 9 months ago

Gokaldas Exports and K.P.R. Mill were among the sharp movers, with multiple textile names rising up to about 20% in the session, alongside strong moves in Kitex Garments, Trident, Arvind and Alok Industries.

Hitachi Energy zooms up

about 8 months ago

The stock was quoted at about Rs. 21,425.80 in the mid-morning session, up 11.5%, after having earlier touched an intraday high of around Rs. 21,900 (+14%) on the back of its Q3FY26 print and outlook commentary.

B L Kashyap in the green

about 8 months ago

The stock was trading at around Rs. 51.75, up 2.92% from the previous close of Rs. 50.28, after touching an intraday high of Rs. 54.55. The counter opened at Rs. 52.95 and traded in the Rs. 51.22–54.55 band, with VWAP near Rs. 52.89.

Tejas loses its 'tej'

about 6 months ago

The Tata group telecom equipment maker’s Q4FY26 print and commentary fell short of what the Street was positioned for. The stock was down about 4% to 6% intraday and traded near Rs.423.50 to 430.80

TARIL in reckoning

about 10 months ago

The stock remains within its 52-week range of Rs. 230.00–650.23, implying a market capitalisation of about Rs. 9,157 crore.

Fujiyama Power gets "on!"

about 5 months ago

The counter opened sharply higher at Rs. 286.60 versus the previous close of Rs. 273.10 and briefly touched its 5% upper price band of Rs. 286.75, before easing off the highs; the day’s range stood at Rs. 277.00–286.75 with VWAP at Rs. 285.37

Indoco in limelight

about 5 months ago

Currently, the stock is at Rs. 213.25, up Rs. 9.50 or 4.66%, after opening at Rs. 216.00. The counter has traded in the Rs. 208.55–220.20 range so far, with VWAP around Rs. 212.82, versus a previous close of Rs. 203.75; the stock remains well below its 52-week high of Rs. 348.10,

Waree slips on margin fall

about 3 months ago

The stock opened lower at Rs. 989.35, touched an intraday high of Rs. 995 and slipped to a low of Rs. 951.05, as investors reacted to margin contraction in Q1 despite strong revenue and profit growth.

Sky Gold shines bright

about 2 months ago

The stock s currently among the top three gainers on the BSE, rising 10.12% to Rs. 789.45. The stock touched a fresh 52-week high of Rs. 814.40, against its previous close of Rs. 716.90. Market depth was almost evenly matched, with sell quantity at 39,923

Jamna Auto skids

about 2 months ago

It is currently the top loser on the BSE, falling 11.08% to Rs. 128.75. The stock opened weak at Rs. 137.55 against its previous close of Rs. 144.80 and slipped to an intraday low of Rs. 121.45. Market depth, however, showed buy quantity at 1,13,621 against sell quantity

IT stocks say,"AI AI!"

about 1 month ago

The stock led a sharp rebound in Indian IT stocks on Tuesday, September 15, with the Nifty IT index rallying nearly 5% and stocks such as Infosys, HCLTech and TCS gaining up to 6%, after global AI leaders called

Groww rises 3%

about 9 months ago

The stock moved in a wide band, with trades seen from the mid-Rs. 155 zone to the low-Rs. 160s, while turnover was active and the company’s market capitalisation hovered around Rs. 1.0 lakh crore

Latent View gets dynamic

about 10 months ago

At current levels the stock trades about 8% below its 52-week high of roughly Rs 520 and implies a market capitalisation near Rs 9,900 crore, with a rich trailing consolidated P/E multiple of about 41 times

IRB Infra back on track

about 6 years ago

The stock price rose 3.5% to Rs.117.65. Its 52-week high is at Rs.138.80 and low at Rs.46. Its 20% UC for the day is at Rs.136.55.

Titan has good times

about 4 years ago

The stock is currently the top gainer on the BSE, cheered up by its robust quarterly update. The stock price surged up almost 6% to hit an intraday high at Rs.2744.30, not too far from its 52-week high

Aurionpro at new high

about 6 years ago

From its close of Rs.83.75, the stock, which had opened lower in the morning at Rs.82.70, zoomed up to hit a new high later at Rs.100.50

INFLATION COMING DOWN, OH SOOO SLOWLY!!!

about 4 years ago

If inflation is coming down, even if slowly, does it mean that we are looking at inflation climbing down to comfortable levels soon? That would be too early to predict; the truth is that inflation is not going to fall down to 4% any time soon; we are probably looking at FY24 and ahead for that elusive 4%.

Genus Power in limelight

about 5 years ago

The stock which had closed yesterday at Rs.71.35, opened today at Rs.72 and went on to an intraday high at Rs.74.90. Its 52-week high is at Rs.93.85.

VA Tech does well

about 5 years ago

As against its yesterday’s close of Rs.295.55, it opened today at Rs.310 and went up to an intraday high at Rs.340. Its 20% UC for the day is at Rs.354.65.

Power Mech buzzing loud

about 5 years ago

The stock is pretty volatile today morning, opening over 4% higher at Rs.938 but profit booking at this level pushed the stock back, just about holding onto the green;

Blue Dart rises over 2.5%

about 4 years ago

The stock is in the limelight today, rising over 2.5% to Rs.8930.20 though volumes are muted; Its 52-week high is at Rs.9277.

SWERL in red while Q3 is in black

about 2 years ago

The stock is the top loser on the BSE despite posting a good set of earnings for Q3FY25 as profit booking came in, following the market moods.

Kesoram Industries hits 20%UC

about 11 months ago

The stock jumped from a previous close of Rs 5.44 to Rs 6.52, its upper price band and also the 52-week high for the day’s revised band, on volumes of about 52 lakh shares versus a two-week average of under 4 lakh

Garuda Construction in news

about 1 year ago

The stock rallied sharply in today's session, rising as much as 11% to hit an intraday high of Rs.209.30, after the company announced a significant project win in Mumbai’s real estate redevelopment space.

KEC Int falls sharply

about 11 months ago

The stock opened weak at Rs.744.95, slid to an intraday low of Rs.724.60, and was trading around Rs.735 levels, down nearly 6 per cent compared with a flat BSE Sensex. The fall comes after Monday’s post-market disclosure of PGCIL’s

Sical Logistics in news

about 11 months ago

The stock opened at Rs.96.85 and touched an intraday high of Rs.98.62, trading around Rs.96–97 levels, compared with a largely flat broader market.

Sharda Cropchem in green

about 11 months ago

At current levels, the stock remains well below its 52-week high of Rs.1,180.30 but has rebounded sharply from the 52-week low of Rs.440.05,

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

RPP Infra on good roads

about 11 months ago

The stock opened firm at Rs 112.50 versus a previous close of Rs 107.50 on the BSE, hit an intra-day high of Rs 115.20, and was hovering in the Rs 110–115 band with a VWAP

Aurum hits new high, again!

about 5 years ago

The stock was locked at the 10% UC yesterday at Rs.146.40, hitting a new high. Today too, the stock hit the UC at Rs.161, a new high.

LOOKING BACK, LOOKING FORWARD

about 5 years ago

What we need to watch out for in Q3 earnings - the amount of de-leveraging done and how debt costs have come down. Cost management will be key in Q3 earnings and keep a watch on the cash flow – that will indicate the presence or absence of stress. As raw material costs rise, companies resorted to cleaning up their balance sheets,

CRUDE – OUR POCKETS AND ECONOMY TO GET CHEWED!

about 5 years ago

Two years ago, we were looking at crude oil prices at $20/barrel and oil producing countries were crying barrels of tears. Today, they are a mighty happy lot what with crude nearing the three digit, $100/barrel mark. There is talk of $115, $114 and more such numbers doing the rounds. No one at this point of time is taking a call on the Sensex or the Nifty as all seem to have become busy plotting crude oil and the rupee’s trajectory.

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,

YELLEN SHOWS SHE IS INDEED IN CHARGE!

about 13 years ago

The first meet of new Federal Reserve Chairwoman, Janet Yellen and she did make some bold moves. First and foremost, from India and emerging markets perspective, the taper continues and it has been reduced further by $10 billion , bringing in down to a monthly $55 billion.

FOMC MEET - THANKFULLY NO SHOCKERS; ANOTHER $10B SHAVED OFF

about 13 years ago

The Fed had very much indicated in March itself that GDP would be down but then had called it a temporary decline mainly caused by winter storms. But overall the statement, as expected is pretty upbeat. The central bank now thinks the economy is strong enough to do without the stimulus and the Fed aims to end the bond-buying program

FOMC MEET - AS EXPECTED, QUIET WITH NO SURPRISES

about 12 years ago

It was as expected - a quiet Federal Reserve meet chaired by Janet Yellen. There was anticipation that she might announce a timeline for a rate hike next year but obviously, Yellen wanted to avoid making any hawkish statements which might ruffle not just US markets but world over.

FOMC MEET - ANOTHER $10 BILLION REDUCTION, NO HIKE IN INTEREST RATES

about 12 years ago

So once more, the Fed seems to have got more comfortable in the shoes that it is wearing - the near 0% interest rate remains intact for six years now. Yellen also sent out the message that rates will be kept at the same levels for a 'considerable' time. This surely means through 2015 and we do not know yet whether it

QE - THE TAP HAS FINALLY BEEN TURNED OFF

about 12 years ago

Mark this day. 29th October 2014 is the day when US Federal Reserve which had started on a massive bond buying or money printing stimuli of a staggering $85 billion per month since December 2012, has finally come to an end. The tap has been turned off, finally.

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%

Impact of Delhi Results on Indian Share Market

about 12 years ago

AAP has had a clean swept at the Delhi election. Moot question on everyone's minds is how will this victory of AAP, or rather miserable defeat of BJP, in Delhi affect the Indian Share Markets. Here's our perspective....

THE US FED TIPTOES ON TAPER - $10 BILLION/MONTH EASING

about 13 years ago

Addressing his last press conference, Ben S. Bernanke, chairman of the Federal Reserve, due to retire by on 31st Jan'14, started the process of ending what he had started. The Fed has purchased more than $1 trillion in Treasuries and mortgage bonds during 2013 in an effort to encourage job creation. The Fed said the move was made

PAY HIKE FOR PSU BANK EMPLOYEES - MARKETS IRRITATED

about 12 years ago

What has been your experience of dealing with a PSU bank vis-Ã -vis a private sector bank? Most would say, "not very good". The majority would complain would about inefficiency. The long wait to get even the basic work done, like getting a cheque book or getting your money withdrawn or even getting some information from the "information" counter

FEBRUARY IIP - COMES AS A PLEASANT SURPRISE

about 12 years ago

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

INDIAN RETAIL - M&As WILL BE THE ONLY WAY HEAD

about 12 years ago

These few changes over the past few years convey one single message - keep a tab on the emerging new ways of doing the same old things and change, or else get left behind. Nokia, Kodak are all examples of companies which failed because they simply worked on the age-old formula of boosting profit and lowering cost when business faltered but did not pay close attention to how technology had simply changed the way people were doing things. That's what we are seeing today in the Indian retail sector. The way we shop today has undergone a complete change.

FED KEEPS RATES UNCHANGED; KEEPS SEPT OR DEC UNCERTAINTY INTACT

about 11 years ago

Well, it comes as no surprise - the US Federal Reserve has for now, kept its rate target on hold but what comes forth very clearly is that before 2015 ends, there will surely be at least one rate hike on the cards. That's the only certainty we have for now' which does not really mean much as the very same certainty existed even before the Fed statement of tonight. So we continue to live in suspense - will the rate hike come in Sep

CRUDE OIL - GETTING CRUDE FOR OIL PRODUCING COUNTRIES

about 11 years ago

The scene for crude oil just got even more slippery. Prices as such have been sliding oil and now there is fear looming large of a world-wide oil glut. Who would have thought in 2008 that in 2015, we would actually be talking about an oil glut, where supply is exceeding demand? At that time, we were looking at alternatives to oil but now that talk seems to have receded into the background.

US FED KEEPS RATE UNCHANGED; TWO RATE CUTS IN 2016 AND NOT FOUR

about 11 years ago

The much-awaited though widely expected decision from the US Federal Reserve is in - no rate hikes. This is what everyone already knew but what was eagerly awaited was the number of rate hikes in this year. Well, good news on that front - from a maximum of four rate hikes as announced in December, it has now been scaled down to two rate increases this year.

RBI THROWS A GOOGLY - HIKES REPO RATE BY 25 BPS

about 13 years ago

This rate hike is keeping in line with the Urjit Patel report where the RBI is looking at a shift from WPI to CPI and priority remains price stability though the Governor did voice concern over the falling growth. The forward guidance given by RBI is dovish and this would be highly data dependent. A "dovish" stance means there are no aggressive undertones to the document. On the other hand, a "hawkish" tone would have meant the exact opposite

REALTY - THE BUBBLE HAS TO BURST

about 13 years ago

This reeks of desperation. When builders get onto this kind of "offers" mode, surely it means that there are no buyers and they need to offer something more. Sadly none of them want to do what will get buyers in droves - reduce the prices instead of these offers! But maybe once the builders

RBI CUTS RATES – MARKET MERELY YAWNS!

about 9 years ago

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

APRIL IIP - AT LEAST IT IS NOT NEGATIVE!

about 15 years ago

Slow growth is consitently driven by investment collapse. Cutting interest rates is not the sole medicine and is not enough but tseems to be the only step at the moment which can buoy the sentiments to some extent. Those in the market feel like it's a slam dunk decision - that RBI will cut rates. But one has to take a bigger view and look at other macro factors,

YOUR DAAL TO GET EVEN MORE PRICEY

about 10 years ago

Yes, the price of daal has become the butt of so many jokes but that is what a satire is all about, isn't it? And now we hear that the price could go up to as much as Rs.300/kg as the festive season nears. There is simply not much stock, whatever is there is hoarded and the rest, the middle men have ensured that stock gets

ARE THE INDIAN MARKETS TOO EXPENSIVE?

about 10 years ago

relative recently asked the usual question which we all working in the field of stock market often get asked, "So market kaisa lagta hai? What to buy?" Once you start answering the questions, it's like a never ending tirade. And after you have given satisfactory answers and named a few stocks (all from our Stock Recommendation section), you think its over?

MARKET IGNORES ALL GOOD NEWS - FIXATED ON ECB TAPERING?

about 10 years ago

he news is that the ECB is looking at gradually tapering the asset purchases - it is currently at 80 billion Euros or $90 billion per month. It is likely to slowly and gradually bring it down to 10 billion Euros a month. This is the reason picked by our markets, following the global cues

ECB STIMULUS - LESS BUT FOR MUCH LONGER

about 10 years ago

The last European Central Bank (ECB) meet of 2016 happened today and the chief, Mario Draghi has too much running on his shoulders - to help Europe tide over to good times, with the help of an extended quantitative easing (QE). For months, there was a question mark over what Draghi would do about the ECB's euro;1.7 trillion

NOV IIP - FROM NEGATIVE TO POSITIVE, WILD SWINGS!

about 15 years ago

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

SPAIN - BACK BEING A 'PAIN'

about 15 years ago

Europe is back on the 'worry map' and once again, the epicenter of this stress is Spain. Like a bad penny which keeps turning up again and again, the crisis in Spain is back on the fore. We just assumed it was gone; like brushing it under the cupboard from eye view

STATE DEBTS - SORRY STATE OF AFFAIR

about 14 years ago

On the website of the Ministry of Finance, the data on state debts and liabilities have been updated only till 2008-09. As per that list, till end of FY09, Maharashtra tops the list of states in India having the highest debt, followed by Uttar Pradesh, West Bengal,

NO TAPERING ! THE UNCERTAINTY CONTINUES....

about 13 years ago

This is naturally good news for the markets but at the same time, what this also means is that the uncertainty continues. The tapering is inevitable but just when the markets and the marketmen were psychologically prepared for a tapering - markets would not react overtly if tapering is to the tune of $10-15 billion and could crash if around $20 billion or more.

CHINA - SLOWING DOWN?

about 14 years ago

In the past few days, just as there has been not-so-good news coming in from India, China too seems to be having its own set of macroeconomic issues. Based on the data of the past, it looks like the second largest economy of the world was also grappling with reality and growth issues.

Reforms: 'Derailed' or 'On Track'

about 14 years ago

Congress, the largest partner of UPA-II, having a seat strength of 202 MPs (in reduced strength of 254 MPs now), has decided not to submit to the TMC demands and has firmly reiterated its commitments to continue with these reforms. Indeed a good move by the Congress!

BERNANKE DEFINES TIMELINE FOR EASING OF QE

about 14 years ago

Ben Bernanke's much anticipated Federal Open Market Committee (FOMC) on Wednesday was a non event. But then, that would be unfair; at least Bernanke buoyed up the markets by saying that he was keeping the $85 billion monthly bond buying program intact. So QE remains, the stimulus remains.

POLITICS OF POVERTY AND POVERTY OF POLITICS

about 13 years ago

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

JULY FOMC MEET - A NON EVENT, UNCERTAINTY CONTINUES!

about 13 years ago

It was a non-event, no firework announcements on QE easing as expected. In fact there had been more action on the Indian bourses - it was an action packed day with the Commerce Minister doing his bit, the finance minister giving us his one year 'report card' and tried to keep hopes intact. RBI also stepped in with some reassuring statements. But it was ultimately Ben Bernanke

FOMC MINUTES - UNCERTAINTY ON TIME AND AMOUNT OF EASING CONTINUES

about 13 years ago

The news was that most Fed officials at Fed were comfortable with Bernanke's plan to start tapering Q2 before the end of this year, if the economy improves. The interesting part is that despite the headlines, the minutes indicate that four out of the seven members preferred to wait for some more time before the beginning the tapering; felt "a change in the purchase program was not yet appropriate."

GEOPOLITICS AND CRUDE - HOW IT WILL AFFECT ME AND YOU?

about 13 years ago

The entire Middle East is simmering like a cauldron on a raging fire. The broth is nearing boiling point and there is rising fear that it could topple over, scalding one and all in its wake. And this could affect us also directly.

FED HIKES RATES BY 0.25%; TWO MORE HIKES PENCILED IN FOR 2017

about 10 years ago

This was very much on the expected lines. No one can say that this came out of the blue – a 0.25% rate hike was a given, rising it to a range between 0.75% and 1 %. That’s exactly what Janet Yellen did. More importantly, the Fed see’s two more rate hikes in 201

STORES TO ONLINE TO STORES – WHAT GOES AROUND COMES AROUND

about 9 years ago

Nokia, Kodak are all examples of companies which failed because they simply worked on the age-old formula of boosting profit and lowering cost when business faltered but did not pay close attention to how technology had simply changed the way people were doing things.

PROJECT COMPLETION LINKED TO ELECTIONS

about 5 years ago

CMIE has put out a report stating that FY22 could end up breaking all record when it comes to project completion. Now that’s a huge achievement under the current circumstances but then again, its all thanks to the elections in UP. Does this all have to do with the upcoming elections in the state in Feb? Obviously! More than 36% of total project completion was from UP while under ‘no election’ period,

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,

IIP CONTRACTS, CPI RISES

about 6 years ago

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

TECHNICALLY, WE ARE INTO A RECESSION

about 6 years ago

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

SHOULD WE BE WORRIED BY FALLING PMI?

about 6 years ago

The IHS Markit India Manufacturing PMI declined to 56.3 v/s 58.9 in Oct. So, should we be worried? Does this mean that all the pent-up demand is drying up and with festive season also over, we will now once again go back to languishing growth or worse, contraction?

US FED - BOND BUYING TO CONTINUE INTO 2021

about 6 years ago

Since March, the Fed has been buying $120 billion a month and on this, the Fed said tonight that it would continue to buy the same, neither changing the size nor the composition of its asset purchases. It also did not change the program to buy more to provide stimulus.

ARE THE MARKETS/STOCKS OVERVALUED?

about 6 years ago

Paying Rs.100 for something worth Rs.10…that’s how many are today looking at the market/stock valuations. Many are advising people to stay away now as they feel that stock market has run ahead of its fundamentals or is grossly overvalued.

FED MOVES, WILL RBI MOVE TOO?

about 5 years ago

The Fed has finally set the ball rolling. This rate hike will come months later, avoiding any rapid shifts, giving enough time for markets around the world to accept the change, helping avert any major shifts and shocks that could damage the fragile recovery. For us here, it is sure to make RBI ponder

NO CPI AND IIP - EVEN DATA UNDER LOCKDOWN!

about 6 years ago

The Govt, instead of announcing this ahead of time, waited till the stipulated time and did not release CPI for May and IIP for April. All it gave was a food CPI number which was up 0.1% at 9.28% and vegetable was down 10.7%.

AS WE LOOK AHEAD……

about 5 years ago

We have entered into July and the second quarter of FY22 has begun. Unlike the first quarter, Q1FY22, where the doom and gloom of Corona overshadowed everything else, this quarter holds the promise of a lot of good tidings. There is sense of optimism as the pandemic has ebbed a bit – not gone, there yet but at least vaccination is happening. The day-to-day activities are not yet normal but not as restricted as before

TALIBAN TAKES CONTROL WHILE BULLS TAKOEVER

about 5 years ago

The headlines all across the world screamed the capture of Kabul by the Taliban. It filled the heart with a sense of dread and foreboding and we do not know where this is heading. And then we see the stock markets. Even there, we do not know where it is heading too!

GDP Q1FY22 – BABY KO ‘BASE’ PASAND HAI!!

about 5 years ago

The YoY GDP picture looks completely skewed. And sequentially too, Q1 picture is looking big because of the second wave being at its peak in Q4, when lockdown on account of the second wave took its toll. Q1FY22 GDP came in at 20.1% v/s (-)24.4% (YoY) and v/s 1.6% (QoQ). The lower base effect makes the Q1FY22 growth look deceptively high

RBI POLICY – BALANCED, NO SUPRISES

about 5 years ago

As was widely expected, RBI did the logical thing – maintained a status quo, kept the interest rates unchanged. The MPC voted 5-1 to retain the accommodative stance as long as necessary to revive and sustain growth on a durable basis, while ensuring that inflation remains within the target.

HUNGRY – FOR FOOD AND NOT POWER….

about 5 years ago

Like we did the last time too, India has voiced strong objection to this ranking, saying that the publishers “have not done their due diligence before releasing the report". The Govt has said that the FAO methodology is “unscientific", saying that “the scientific measurement of undernourishment

INFLATION PUSHES FED TO "FAST FORWARD"

about 5 years ago

And at 12.30am tonight, with CPI at the highest level since 1982, all these questions were answered. Adopting a more hawkish tone, the Fed is aggressively dialing back its monthly bond buying and sees three rate hikes in 2022 and three in 2023. It plans to end the taper or bond buying by March, three months ahead of its earlier schedule of June.

Q1FY21 GDP – COVID KILLS GROWTH

about 6 years ago

No one is going to take these numbers too seriously as the data is not 100% given the challenges it had in collection of data on account o the lockdown and pandemic. The markets most certainly did not – it fell today not on account of the expected GDP contraction but due to re-emergence of skirmishes at the India-Chinese border and implementation of the new margin system from September. A fall in GDP was already discounted by the market thus it has moved on beyond Q1.

FED PLEDGES AGGRESSIVE ACTION

about 7 years ago

The Fed Reserve said that US economy has deteriorated due to the pandemic and said that it is, “committed to using its full range of tools to support the U.S. economy in this challenging time.” This is exactly what our RBI Governor also said.

YELLEN’S SWAN SONG – THIRD RATE HIKE IN 2017

about 9 years ago

It was Janet Yellen’s last press conference as Federal Reserve Chair and there was no doubt that she would do what the entire world expected her to do – hike rates. This was her third rate hike in 2017 and fifth since she took term.

US FED HIKES RATES; TRIMS 2019 HIKES TO TWO

about 8 years ago

Whew! The expected happened. The Fed Reserve hiked US interest rates by 25 bps, the fourth and the last for 2018. More importantly, the most anticipated point – what to expect in 2019? The Fed signaled a slightly milder path for future increases, hinting at a more tentative kind of stance

P&W ENGINES – SCARES THE WITS OUT!

about 9 years ago

You are in mid-air and suddenly there is mad turbulence and the plane starts swaying, an unsteady flight. It sputters and shakes. Naturally, what you go through at that point of time is sheer panic, fear for dear life. Those with a mild heart or any such ailment could even suffer a stroke.

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.

ITALIANS AND MOODY’S SPOIL THE MOOD

about 9 years ago

We can work out a zillion reasons to explain the falling or rising market but the truth is that currently sentiments are somber and uncertain and that is reflected in the trading. It is also the end of the month, meaning volatility will be norm as F&O expiry nears.

FED HIKES RATES, TWO MORE TO COME IN 2018

about 8 years ago

Powell began his Press Conference using plain English, saying, “The economy is doing very well. Most people who want to find jobs are finding them, and unemployment and inflation are low." That in a nutshell was what the Monetary Policy was about.

FALLING MARKET – UPLIFTING TIME FOR LT BARGAIN HUNTERS!

about 8 years ago

Why is it that when the markets are down consistently, bad and only bad news seems to come out from every nook and corner. The fact is that very same news pre-existed before the falling markets, the pessimism was always there but somehow, when the stock prices crash, this fall in overall confidence

FED’s STATUS QUO ; NO DAZZLING FIREWORKS

about 8 years ago

Just as was widely expected, the Fed Reserve sat tight on the rates, keeping intact the promise of Dec meet being the one where another and last rate hike for 2019 will come. The overall tone of the Fed was upbeat while assessing the US economy.

MARCH HOLDS PROMISE OF VOLATILITY

about 8 years ago

March is going to be “newsy”. And that more or less will set the moods of the markets. More than India, globally a lot is scheduled for this March and that will more or less decide the swings of the market, worldwide.

Q3FY20 GDP - THE VIRUS MAKES IT IRRELEVANT

about 7 years ago

On a day when the stock markets, not just in India but all across the world suffered a blood bath, its kind of funny that we look back at growth numbers of Q3FY20. With coronavirus taking center stage, with fears of its becoming a pandemic, the scenario that we are looking at currently is very different, making the Q3 numbers look outdated.

FED RESERVE GOES DOVISH, VERY DOVISH!

about 8 years ago

It’s really confusing; a couple of months ago, the talk was about rate hikes in the USA – how many was the question then. Nothing really dramatic has changed for the economy, yet the talk has now turned around to no rate hikes at all.

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.

CHINA SLOWS DOWN – WHERE IS INDIA’S GROWTH IMPETUS?

about 7 years ago

The stock market seems to be so lackluster. It does not know which way to move as there is no real compass to follow now. Earnings are more stock specific but for the market as a whole, there aren’t any major triggers in the offing. The global moods will more or less dictate the moods as on the domestic front, we will now wait for August to come

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

FED CUTS RATES – ONCE AGAIN, INSURANCE AGAINST GLOBAL RISKS

about 7 years ago

The US Federal Reserve did what was expected – cut rates by 25 bps. More importantly, the Fed left the door open to more rates cuts in the coming months but uncertainty mounted as the voice of dissent grew among the Fed members.

CASINOS –A GAMBLE FOR ALL

about 7 years ago

Talk to any local and they all say that tourism is good but they now want the “good” kind not the boozing and casino going kind as they feel this image of Goa is tearing at the very fabric of the state’s culture. There has been a growing voice against the casinos and for years and years, be it the Congress or the BJP, they all have promised relocation of the casinos

DIVERGENCE – DRESSING UP A CROW INTO A SWAN

about 7 years ago

“Under-reporting bad loans.” “Window-dressing.” That sounds ominous but means the same thing; RBI has made it sound and look like some usual, routine accounting practice, calling it “divergence.”

After Air India, all eyes will now be on BPCL

about 5 years ago

As they say, Actions Speak Louder than Words; and this one from GoI, will clearly be noticed by all - in India and outside.