Last Updated: Wednesday, December 6, 2017

Stocks likely to be in action today

Here is a list of top stocks that are likely to be in action today i.e. on 6th December, 2017; 

Stocks likely to be in action today

Bharti Airtel: CLSA has reiterated ‘buy’ rating with a target price of Rs 640 on account of improvement in tenancy growth, sustained margin and profitability of the company. 

Reliance Communications: Two major Chinese lenders of the company plan to support a move by China Development Bank to put the company into insolvency court.

Atul Auto: Net profit of Atul Auto rose 23.51 per cent to Rs 16.97 crore in the quarter ended September 2017 as against Rs 13.74 crore during the previous quarter ended September 2016 while revenue rose 11.35 per cent to Rs 158.90 crore in the quarter ended September 2017 as against Rs 142.70 crore in same period.

Rico Auto: Net profit of the company declined 36.59 per cent to Rs 11.94 crore in the quarter ended September 2017 as against Rs 18.83 crore during the previous quarter ended September 2016. While topline revenue rose 10.78 per cent to Rs 299.99 crore in the quarter ended September 2017 as against Rs 270.79 crore during the same period.

VRL Logistics: HSBC has retained ‘buy’ rating on VRL Logistics with a target price of Rs 480. 

5paisa Capital: Nirmal Jain the promoter of the company bought 1.28 lakh shares or 1 per cent as additional stake at Rs 191.22 per share. 

Idea Cellular: There is news in Dalal Street that Idea-Vodafone merger is likely to close faster.

Reliance Power: Asian Development Bank (ADB) has approved debt financing and partial risk guarantees totalling $583 million, or about Rs 3,754 crore.

Lux Industries: Lux Industries reported a 21.74% Year on Year decline in net profit at Rs 13.32 crore for the quarter ended September 30 compared with Rs 17.02 crore profit during the same quarter last year while operating revenue declined 14.69 per cent YoY to Rs 223.44 crore for the  same quarter. 

Dalmia Bharat Cement: Dalmia Bharat Cement has entered into an agreement with the Piramal Bain Resurgence Fund to bid for debt-laden Binani Cement.

Sanofi: Pharmaceutical company Sanofi will continue to seek Phase III clinical trial waiver in India for dengue vaccine.

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We are at an early stage of the bull market: Madhusudan Kela

News: India is  at an early stage of the bull market: Madhusudan Kela; Money-n-business

Stock market veteran and Chief Investment Strategist of Reliance Capital Madhusudan Kela is bullish on Indian market amid recent correction.

Kela in an interview with CNBC- TV18 told “There are plenty of opportunities which are there in the markets, both in midcaps and large-caps. Corrections like these give investors chance to capture the opportunity,”. Kela believes investors should not be worried of such a correction as it was long overdue since Nifty tested levels of around 7,800 last year.
“Due to the vibrancy of the market, one is getting a variety of companies to buy,” he added.

He further suggested investors to grab the opportunity in the market if more correction happens. In his word to CNBC TV18 “If there is a decent correction in the market, there are too many people waiting outside waiting to participate. You will now see all those people who felt left out coming in.” 

Sectoral View;

When he was asked about his opinion on investing in particular sector, Kela revealed his preference on infrastructure specially as ‘bear market survivors', One the other hand, he also see opportunities in the pharmaceutical and select banks. While taking about other sectors he said “There are firms which have had extremely challenging times and you can find them across caps, one has to do bottom up work as well”.
Talking about IT stocks, he suggested to focus on digital part of the business as it is all set to grow and will emerge as a market surprise in a year or two but overall, he would prefer select large-cap IT companies.
Courtesy: moneycontrol 

Last Updated: Tuesday, December 5, 2017

Patanjali to enter in solar business

Latest Business News: Patanjali to enter in solar business
Baba Ramdev owned Patanjali soon to enter in Solar business. As per sources Patanjali Ayurved Ltd, India's leading and the fastest growing FMCG company, is poised to enter into solar business soon this will be in line with the swadeshi movement. According to Acharya Balkrishna, managing director of Patanjali Ayurved with solar, they are to ensure power supply to each household in India.

This is the Patanjali’s first exposure to the infrastructure sector and comes after its runaway success in FMCG products. The company is further anticipating a opening for itself in solar equipment manufacturing.
Besides its main business of packaged consumer goods, Patanjali has a presence in retail, education and healthcare (Ayurveda). The company sells everything from shampoo and toothpaste to biscuits, noodles, rice and wheat.
MD Acharya Balkrishna says; Patanjali plans to invest Rs100 crore for manufacturing solar power equipment a move in line with the firm’s ‘swadeshi’ focus.
India proposes to award 100GW of solar and wind contracts by March 2020. This includes a plan to invite bids for setting up 20GW solar power capacity—the world’s largest solar tender—at one go, to spur domestic manufacturing of solar power equipment.
“We will continue with this for now. We would look at expansion once demand grows,” said Balkrishna.
Experts questioned the rationale behind the diversification.
“The two segments require very different capabilities. However, they have built their business on the ‘swadeshi vs videshi’ platform. From that perspective, solar manufacturing for domestic content requirement in upcoming projects fits into their business rationale,” said Abhishek Poddar, a partner at consulting firm A.T. Kearney Ltd.

Nifty likely to Hold 10k Support level; Best Stocks to Buy Now

Indian market corrected sharply after making record high in November series. It failed to sustain and trade beyond that level. Today on 5th December, 2017 Nifty made low of 10,069 but Dalaal street's stock pundits  believe it should pause here and should make upward journey soon. They believe a sustained trading above 10k mark and any short covering from this level can push indices to 10350 level again on account of AB=CD chart pattern on Nifty.


"Present post is for education purpose only and should not be taken as stock recommendation. The price targets mentioned in this post are given by respective brokerage houses, read disclaimer at the footnote of this blog page before making any position in the stock."


Nifty likely to Hold 10k Support level; Best Stocks to Buy Now

Here is the top pick by market experts for handsome return;
  • 1. Gujarat Fluorochemicals Ltd @ 887.50
  • 2. NMDC: @ 132.20
  • 3. Balrampur Chini Mills Ltd : @ 151.50
  • 4. Asian Paints @ 1,112.95
  • 5. Coffee Day Enterprises @ 264.45
  • 6. GlaxoSmithkline Pharma @ 2457.95
  • 7. Nestle @ 7687.25
  • 8. Marico @ 309.30
  • 9. Hathway Cable @ 37.90
  • 10. Shree Cements @ 16,951.95
  • 11. Shriram City Union Finance @ 2,082.75
  • 12. Colgate Palmolive India @ 1,038.00
  • 13. LIC Housing Finance @ 563.90
  • 14. IDFC Bank @ 53.65
  • 15. Mindtree @ 540.90
  • 16. Persistent Systems @ 650.00
  • 17. Wipro @ 284.40

Last Updated: Sunday, August 13, 2017

7 Ways to Get Monthly Income after You Turn 60

What would you do when you turn 60 and they declare you officially as a senior citizen? Of course, your first concern will be your financial security. This is crucial because when you retire you are cut of from regular sources of income. Therefore, it is important you have a plan to survive the winter of your life in peace and happiness To tide over the loss of income you need to substantiate it with other sources of income. The government offers many options for us to invest and get regular monthly incomes. Many of us are still unaware of these products:

Senior Citizen Saving Scheme: This is a saving scheme started by the government of India designed specifically for senior citizens. The age limit is 60 years and 55 years for those who have retired by other methods. It gives a 9% interest rate per annum computed quarterly. The maturity period is 5 years and can be extended by 3 years. The interest is fully taxable but there is no tax deduction at the source.
Reverse Mortgage: This is a relatively new option announced in 2007 specifically targeted for senior citizens to receive a regular amount of income. Reverse mortgage works by pledging your house with the bank. The bank pays you a fixed amount of money for the house. Once you have moved out or in case of death, the bank gives an option to your heirs to close the loan. If not, the bank can sell the house and recover their loan amount and interest there of. The rest is given to your heirs.
Only people who have reached 60 years can opt for this option. If the co-applicant is your wife, she must be of 58 years. This age bars makes this specifically suited for senior citizens. The payment is credited to your account monthly or quarterly or in one go. Reverse mortgages are not taxed as it is considered as a loan and not as income.
Some of the banks that provide Reverse Mortgage in India now are State Bank of India, Central Bank of India, Union Bank of India, Bank of Baroda, LIC Housing Finance, Punjab National Bank, Canara Bank etc. Reverse mortgage is not popular at the moment because people are yet to take note of it. Till now only 7000 reverse-mortgages have been sold.
Immediate Annuity: Opting for an immediate annuity is another option when we are retired. It is a fixed income generating scheme, in which we pay a lump sum as single premium with the insurance agent and then receive a steady flow of income periodically. The payment amount and the annuity depend on your age and the product you choose.
You will receive annuity or the income from the next year of paying premium and it will be paid to you as long as you are alive. The annuity received increases with every year. There is an option for annuity to extend till the death of the spouse as well. Immediate Annuities are a good monthly income plan after retirement because it is secure and definite.
Nonetheless, in life long annuity plans sometimes the principal is not recovered because of immediate death of the individual. It is advisable to go for fixed tenure plans if you want to recover your principal. A popular annuity plan is LIC’s Jeevan Anand.

Senior Citizen Fixed Deposits: The most common and convenient method a senior citizen can receive a monthly income is by investing in senior citizen fixed deposits. At present, banks provide interest rate up to 9%. They can invest also in corporate fixed deposits, but they are riskier than bank deposits. Banks also provide monthly income plans. These are tax free at source. But, the interests are taxed.

Post Office Monthly Income Scheme: The Indian Post office department provides some secured investment plans which provide a monthly income for those investing in it. The rate of interest is 8.2% with a maturity period of 5 years. However, there is a ceiling on investment of Rs. 4.5 lakhs for an individual. Jointly an amount of Rs. 9 lakhs can be invested. Though, the tax is not deducted at the source, the returns are taxed.

Mutual Funds: Just like post offices, mutual funds also provide monthly income schemes to individuals. Senior citizens can also invest in these funds to get a monthly payment. However, these funds carry with it an element of risk because these are invested in equity markets. Therefore, you must be extra cautious when you invest in these funds. One can earn crores by investing in mutual funds.

To Know the magic of compounding in SIP must watch this video;

Triple A Rated Bonds: Would your retired life be peaceful if you stay awake all night thinking about a risky investment? Definitely, it would be an awful way to spend your post retirement life. At that age what you need is a steady flow of income that is very low on risk. Triple A rated bonds are a good choice. Triple A is a rating given by the government, which means that the bond is highly secure and safe. The returns are pretty good with corporate AAA bonds fetching about 9.70%. Having an assured and pre-determined income enables you to plan ahead for future expenses.
Getting old is not such a bad thing. After a life’s hard work you really need some time to rest and be at peace with yourself. Only at old age could you actually get the time and opportunity to find that inner peace and happiness. This happiness lies in the fact how you prepare yourself before you grow old. The most important thing that we must consider is the options that can bring monthly income so that all of our expenses are easily met.