STOCKS


The average investor, who has no clue about what he is buying or selling, survives in the stock market mainly because of luck. Here is what the average investor should focus on There are many stock-picking methods: ratio analysis, industry analysis, technical analysis and even astrology....

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Moneylife Digital Team 06 August 2013
Nifty may try to bounce back but a short-term rally is possible only on a close above 5,625 tomorrow  After three days of positive opening, the domestic indices opened lower today. The Sensex opened at 19,127 and the Nifty opened at 5,665. With almost at the opening of the session the...

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Moneylife Digital Team 06 August 2013
Investors are worried that rising power availability could impact sale of back-up power genset. In this context, the drop in power deficit especially in South India does lead to some slowdown concerns for Cummins India’s power gen segment, says Nomura  Cummins India displayed a strong...

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Moneylife Digital Team 06 August 2013
Why propose a 15% FPO (follow-on equity offering)? –   Power Grid does not require equity infusion and yet announced an FPO citing margin of safety, growing investment avenues as prime considerations  Power Grid Corporation of India (PWGR) still does not require equity issuance to...

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Moneylife Digital Team 06 August 2013
This is just the start of a bad earnings cycle for BHEL- execution problems are expected to continue, if not escalate, while competitive pressures and lower utilisation will impact margins further, over the coming years-Nomura State-run BHEL’s June quarter results were shocking-24%...

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Moneylife Digital Team 05 August 2013
Nifty has to close above 5,730 for the first sign that the recent downtrend may be over. The rally will be small and weak   Both the Sensex and the Nifty opened marginally higher on Monday. The 30-share Sensex opened at 19,178 while the Nifty-50 opened at 5,682. The NSE saw a volume of...

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Moneylife Digital Team 05 August 2013
Continuing troubles plaguing the aviation industry affected SpiceJet as it reported lower net profit despite increase in load factor and passenger yields during the June quarter. The carrier intends to renegotiate contracts to contain cost SpiceJet Ltd posted 19% lower net profit at...

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Indian politicians are unlikely to allow economic policies that come into conflict with their populism and short-termism. Foreign investors got that nasty lesson yet again For the first time since May 2012, the market indices have closed below one of the simpler indicators we track (10...

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Moneylife Digital Team 03 August 2013
Any market rally will be met by selling. The mood is bleak With the second consecutive week of fall on the bourses, the Sensex and the Nifty hit their lowest level since 27 June 2013. On all trading days the benchmark indices closed in the negative. This is the eight consecutive fall for...

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Gold prices have fallen. Bond prices have tanked. And now equities are sliding downwards with no end in sight. All those who wanted returns from market-linked products are running scared The prevailing mood among Indian savers who want to take a bit of a higher risk for higher returns is...

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Moneylife Digital Team 02 August 2013
The first sign of a reversal of downtrend in Nifty will be if the index closes above 5,770 on Monday The domestic market settled lower on pressure from rate-sensitive sectors after the RBI governor said that liquidity tightening measures would be eased only after the forex market...

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Moneylife Digital Team 02 August 2013
Macro-economic concerns, currency volatility and project-related provision affected Siemens’ net profit as well as sales. It is also hiving off two subsidiary companies for Rs122.8 crore   Siemens Ltd, a unit of German Siemens AG, swung to third quarter net loss on uncertain...

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Moneylife Digital Team 02 August 2013
While the company has fared well in its main business, it is has racked up huge operating expenses in running its IPL cricket team Sunrisers Hyderabad Sun TV Network Ltd reported a flat first quarter net profit despite a 41% increase in its total revenues due to higher expenses of...

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Moneylife Digital Team 02 August 2013
The cumulative amount mobilised through QIP route during 2013-14 stood at Rs4,285 crore through 11 issues, as per SEBI data Amid sluggish market conditions, fund raising by Indian companies through issue of shares to institutional investors plunged 62% to Rs 1,066 crore in...

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Moneylife Digital Team 01 August 2013
If the Nifty manages to close above 5,790, it will be the first sign that the recent downtrend may be ending   After three consecutive days of weak opening on the Sensex, the index opened 98 points higher at 19,443 and soon hit a high at 19,569. The Nifty too opened 35 points higher...

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SEBI’s PMS circular asks for disclosure of PMS information on the companies’ website. Many companies like Alchemy Capital wrongly interpret this circular to limit to disclosure only to clients. Besides, what are they afraid of? And why is SEBI not clearer with its...

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Moneylife Digital Team 01 August 2013
United Spirits has disappointed in the June quarter and has blamed poor showing in Tamil Nadu and higher raw material prices as culprits. It has also reconstituted its Board of Directors in light of recent shareholding developments Diageo controlled United Spirits Ltd (USL) has reported...

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Moneylife Digital Team 01 August 2013
The watch and jewellery maker saw its revenues boosted by lower price of gold which spurred demand for its jewellery while the lower discretionary spend impacted its timepiece business Titan Industries reported 16.9% higher net profit to Rs182.48 crore, for the April-June period, driven...

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Moneylife Digital Team 01 August 2013
The beverage company reported impressive net profit of 44%, despite subdued revenue growth, largely due to cost interventions and exceptional items Tata Global Beverages reported a 44% higher net profit during the June quarter on improved cost interventions. For the quarter to end-June,...

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MCX at all-time low; FT at 8-year low as National Spot Exchange suspended trading and merging of settlement cycles of all one-day forward contracts, except e-series as per the order from the government   Financial Technologies Ltd (FT) shares tumbled over 62% on Thursday to Rs182, while...

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