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Showing posts from September, 2018

Falling rupee may impact chemical, agrochem sector: Top 8 stocks that can fetch 10-40% return

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The rupee depreciation year-to-date and in last, one month was so sharp that net importers of commodities are likely to hit badly as they have to shell out more money to buy their products. Rupee depreciation is likely to hit badly net importers of commodities as they have to pay more to buy raw material or finished products. On the contrary, exporters will definitely be major beneficiaries. More the exposure to imports, severe the impact of rupee fall. One of the sectors that may be impacted is chemicals and agrochemicals, but IIFL feels the impact will not be the same for all. While exporters can pass on to customers the cost advantage of rupee fall, in case of importers which can't pass on import cost, the pressure can likely go beyond FY19. The research house said FY19 earnings are likely to be clouded by hedging losses and debt revaluation, so it focuses on earnings for FY20, by when the recurring impact on earnings should become more visible. According to th

Impact of southwest monsoon on agriculture commodities ahead of its withdrawal

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Prices of many of the Kharif corps in the futures exchanges are now trading down against June when south-west monsoon kick off in the country, says Hareesh V of Geojit Financial Services. The Southwest monsoon is set to withdraw soon. As per India Meteorological Department (IMD), the withdrawal is likely by the end of September from the western parts of Rajasthan. As against its usual schedule, this year’s monsoon begun early and start drawing back late by almost one month. Normally, the Southwest monsoon onset period is on June 1 and fades away by early-September. However, this year monsoon reached early, on May 29, and set to withdraw only by end of September, creating widespread anomalies. About 80 percent of rainfall in the country is received during monsoon season and it is inevitable for the Indian agriculture. With offering employment to half of the workforce in the country and contributes about 17-18 percent of our GDP, agriculture sector playing a pivotal

Expert who coined the term Sensex doesn't like giving trading tips

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With nearly 40 years of experience at looking at Indian markets, Deepak Mohoni talks about market evolution and interpretation of data There are few individuals in Indian markets with the experience and expertise of Deepak Mohoni. A chemical engineer from IIT Kanpur followed by post-graduation from IIM Calcutta, Mohoni has made many contributions to the Indian markets. Having coined the word Sensex — the widely followed index representing BSE — Mohoni is in a way responsible for popularising technical analysis charts in India. Though not a huge fan of technical analysis himself, Mohoni likes to work with raw data and is coming out with a new package that will help in interpreting market information – both technical and fundamental in a more meaningful way. In an interview with Moneycontrol, Deepak Mohoni discusses the way he looks at the information the market throws up and a simple but logical way of picking up good long-term stocks. Q: Can you tell us the story

SEBI slaps Rs 70 lakh fine on Regency Hospital, directors

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They were found violating norms pertaining to fraudulent and unfair trade practices Market regulator SEBI has slapped a total penalty of Rs 70 lakh on Uttar Pradesh-based Regency Hospital as well as its two promoters for fraudulent trading in the company's shares. In two separate orders issued on Friday, SEBI imposed fine of Rs 15 lakh on Regency Hospital, and Rs 25 lakh each on Managing Director Atul Kapoor and Whole Time Director Rashmi Kapoor. They were found violating norms pertaining to fraudulent and unfair trade practices. Both are also promoters of the firm. Additionally, Rs 5 lakh was imposed on Regency for failing to disclose to the exchange about information received from its promoters regarding their pledged securities. The watchdog examined the movement of the scrip during the period from April to September 2011. Subsequently, it was found that the firm and the directors along with other connected entities executed synchronized trades, reversa

SEBI imposes Rs 34 lakh penalty on 5 individuals for disclosure lapses

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SEBI found that all the individuals' shareholding crossed the threshold of 5 percent and the change in the holding was more than 2 percent on several occasions Market regulator SEBI Friday imposed a fine of Rs 34 lakh on five individuals for disclosure lapses regarding a change in their shareholdings in Parichay Investments. In five separate but similarly worded orders, SEBI said the individuals violated SAST (Substantial Acquisition of Shares and Takeovers) and PIT (Prohibition of Insider Trading) regulations. A fine of Rs 18 lakh has been imposed on Krunal Gopaldas Rana, Rs 6 lakh each on Sanjay Jethalal Soni and Krupa Sanjay Soni, Rs 3 lakh on Shweta Dhiren Agarwal and Rs 1 lakh on Mahesh Somabhai Desai, as per the orders. The regulator had conducted an investigation in the scrip of Parichay during July to August 2011. It was found that all the individuals' shareholding crossed the threshold of 5 percent and the change in the holding was more than 2 percent

Why Zuckerberg's Facebook needs Instagram founders now more than ever

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Kevin Systrom, a founder of Instagram, wasn't a 'team player.' That was exactly what the company needed This week, Facebook lost an executive who, in a better and different world, might one day have taken the helm of the social networking giant. On Monday, Kevin Systrom, as well as his longtime partner, Mike Krieger, the founders of Instagram, quit Facebook. While seemingly out of the blue, it was a long time coming. The reason? Their unhappiness over increasingly aggressive meddling by Mark Zuckerberg, Facebook’s chief executive, about how Instagram was run. This might seem like business as usual in Silicon Valley. Facebook bought Instagram for $1 billion in 2012, when it was a wee thing, and helped it surpass a billion users. Fighting over control of tech companies is commonplace, and executive shuffles happen all the time. At Facebook alone in the last two years, the founders of WhatsApp, the messaging product, left amid disagreements over the placement of

Warren Buffett's Berkshire Hathaway closes $300-million investment in Paytm

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The Indian digital payments firm will be valued at $10 billion following the transaction One97 Communications, the parent entity of India’s largest digital payments firm, Paytm, has received $300 million (Rs 21.79 billion) in fresh funding from Berkshire Hathaway Inc. The deal is the Warren Buffett-led firm’s first investment in the country. According to regulatory filings sourced from Paper.vc, One97 Communications issued 1.7 million shares to BH International Holdings on September 27. Post the investment, Berkshire Hathaway will have around 2.9 percent holding in the Indian firm. Paytm’s value post the investment will stand at Rs 731 billion ($10 billion). Earlier this month, Berkshire Hathaway had confirmed it was investing in Paytm but clarified that Buffett himself wasn't involved in making the deal. The investment is yet to be officially announced by either Berkshire Hathaway or Paytm. “We feel both excited and humbled by this endorsement. Berkshire’s ex

IL&FS jumps by record in dim sum bond mkt on hope of shareholders' support

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IL&FS Transportation Networks' dim sum bond rose about 1 point to 49.1 on Friday Creditors of India’s troubled Infrastructure Leasing & Financial Services Ltd. will be closely watching for signs of support from key shareholders at meetings that are coming up after bonds jumped on expectations of backing. The Reserve Bank of India plans to meet the largest stakeholders of IL&FS group on Friday, according to people with knowledge of the discussions. The shadow lender is also scheduled to hold an annual general meeting on Saturday. “The main catalyst that investors are looking for at upcoming meetings is whether IL&FS will get support from its shareholders including Life Insurance Corp.,” said Mihir Chandra, head analyst at fixed-income finance firm SC Lowy. “Unless IL&FS gets an equity injection from its larger shareholders, it’s difficult to see the group avoiding a restructuring.” The firm trades dim sum bonds sold by IL&FS unit IL&FS Trans

Today's picks: From TCS to Tata Motors, hot stocks to watch on Friday

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For TCS, keep a stop at Rs 2,170 and go long. Add to the position between Rs 2,210 and Rs 2,215 Nifty  Current : 10,977 (fut: 11,043) Target : NA Stop-long positions at 10,950. Stop-short positions at 11,125. Big moves could go till 11,175, 10,900. A long 10800p (111) short 10,700p (86) will pay 10-15 if the index drops to 11,900. Bank Nifty Current : 25,042 (futures: 25,269) Target : NA  Stop-long positions at 25,100. Stop-short positions at 25,400. Big moves could go till 25,600, 24,900. The trend remains negative. TCS Current price : Rs 2,188 Target price : Rs 2,220 Keep a stop at Rs 2,170 and go long. Add to the position between Rs 2,210 and Rs 2,215. Book profits at Rs 2,220. Tata Motors Current price : Rs225 Target price : Rs220 Keep a stop at Rs 228 and go short. Add to the position between Rs 221 and Rs 222. Book profits at Rs2 20. Disclaimer:- The views and investment tips expressed by investment exp

BSE Midcap, Smallcap index at fresh 52-week low; Infibeam Avenues tanks 58%

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IIFL Holdings, Motilal Oswal Fin, PNB Housing, Reliance Capital, Reliance Infra, Edelweiss Financial and Supreme Industries were among 193 stocks from the midcap and smallcap indices hit 52-week lows. Shares of mid-cap and smallcap companies continued to remain under pressure on Friday as well, with the S&P BSE Midcap (14,762) and the S&P BSE Smallcap (14,643) indices hitting their respective 52-week lows in intra-day trade on the BSE. At 09:51 am; the midcap and smallcap indices were down 0.93% and 1.69%, respectively, as compared to 0.10% decline in the S&P BSE Sensex. Thus far in September, mid-and small-cap indices have tanked 13% each, as against 6% fall in the benchmark index, the S&P BSE Sensex. IIFL Holdings, Motilal Oswal Financial Services, PNB Housing Finance, Reliance Capital, Reliance Infrastructure, Edelweiss Financial Services, Supreme Industries, Aban Offshore, Atlanta, Apollo Tyres were among 193 stocks from the midcap and smallcap univers