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Showing posts with the label commodity tips

Why India`s best-placed power utility NTPC is getting the cold shoulder

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The 16% fall in the shares of NTPC Ltd over the past year has been disappointing. Not just because valuations are undemanding—with the shares trading close to their book value.  The company’s fixed return earning regulated equity base has been steadily growing and is projected to grow faster. Capacity additions are projected to accelerate to 5 gigawatts (GW) per year from FY20 against the average annual addition of less than 3GW in the last two years. As a consequence, NTPC’s regulated equity is estimated to expand 15% annually from FY20 over the next three fiscal years. The capacity ramp-up will boost the company’s finances. FY20 will mark the beginning of the reversal of the capital work in progress (CWIP) ratio. The ratio as a percentage of property, plant, and equipment, and CWIP is estimated to fall from 42% in FY19 to 36% in FY20 and 24% in FY21, projects NTPC. The fall in the ratio will enhance return on equity as the equity blocked in CWIP would start ge...

वी-मार्ट रिटेल (V-Mart Retail) ने किया तीन नये स्टोरों का शुभारंभ

खुदरा स्टोर श्रृंख्ला वी-मार्ट रिटेल (V-Mart Retail) ने तीन नये स्टोरों का शुभारंभ किया है। कंपनी ने नागालैंड, झारखंड और राजस्थान में 1-1 स्टोर खोला है। इसके साथ ही भारत के 18 राज्यों के 181 शहरों में कंपनी के कुल स्टोरों की संख्या 232 हो गयी है। गौरतलब है कि नागालैड में कंपनी का यह पहला, झारखंड में 18वाँ और राजस्थान में 7वाँ स्टोर है। नये स्टोरों के शुभारंभ की घोषणा के बावजूद कंपनी के शेयर में कमजोरी है। बीएसई में वी-मार्ट रिटेल का शेयर 1,734.20 पिछले बंद भाव के मुकाबले आज सुबह मजबूती के साथ 1,760.00 रुपये पर खुला है। मजबूत शुरुआत के बाद शेयर का रुख नीचे की ओर मुड़ गया और 1,713.25 रुपये के निचले स्तर तक गिरा। करीब 11 बजे वी-मार्ट का शेयर 16.10 रुपये या 0.93% की कमजोरी के साथ 1,718.10 रुपये पर चल रहा है। इस भाव पर कंपनी की बाजार पूँजी 3,118.94 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 3,298.00 रुपये और निचला स्तर 1,701.65 रुपये रहा है। Best Share Market News, Click Here To Get More News -  Stock Market tips , for 2 Days Free T rial give a missed call @964440...

Riga Sugar locked at lower circuit after CFO resigns

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There were pending sell orders of 499 shares, with no buyers available. Shares of Riga Sugar Companylocked at 5 percent lower circuit after the resignation of its CFO. Satya Ranjan Mallick has resigned from the post of chief financial officer (CFO) of the company with effect from August 16, 2019. There were pending sell orders of 499 shares, with no buyers available. At 1129 hrs, Riga Sugar Company was quoting at Rs 6.88, down Rs 0.36, or 4.97 percent. Best Share Market News, Click Here To Get More News -  Share Market tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

Podcast | Stock picks of the day: Hold Nifty Longs with strict stop loss of 10,900

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Any close above 11,200 would trigger short-covering rally towards 11,287 and 11,440. For the last nine trading sessions, Nifty has been gradually moving up. Nifty has seen a fall of 1,321 odd points from the all-time high of 12,103, registered on June 3, to the recent low of 10,782. By joining daily lows, upward sloping trend line projects the strong support at 10,900 odd levels. If we were to take 38.2 percent and 50 percent retracements of this entire swing, it comes at 11,287 and 11,440. Nifty is currently placed below its 20, 50, 100 and 200 DMA. The index has been maintaining lower tops and lower bottoms on the daily and weekly charts. This setup indicates that the overall trend has been bearish for Nifty. The 20 days EMA (11,138) and 200 DMA (11,183) are the near-term hurdles for the Nifty. After the budget day, Nifty attempted crossing 20 days EMA but failed to do so. On August 19, also, Nifty found resistance on its 20 days EMA. Considering...

Budget 2019

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बुनियादी सुविधाओं के विकास के लिए केंद्र सरकार अगले 5 साल में 100 लाख करोड़ रुपये का निवेश करेगी।- वित्त मंत्री बीते 4 सालों में 4 लाख करोड़ रुपये के एनपीए की रिकवरी की गई है। बीते एक साल में एनपीए घटकर 1 लाख करोड़ रुपये रह गया है।- निर्मला सीतारमण प्रवासी भारतीयों को स्वदेश वापसी के तत्काल बाद आधार कार्ड दिया जाएगा। अब तक 180 दिन करना पड़ता था इंतजार।- वित्त मंत्री सार्वजनिक क्षेत्र के बैंको को ऋण संबंधी जरूरतों के लिए 70,000 करोड़ रुपये और उपलब्ध कराए जाने का प्रस्ताव। उन देशों में भारतीय दूतावास स्थापित होंगे, जहां अब तक नहीं था भारत का कोई राजनयिक मिशन।- निर्मला सीतारमण। Best Share Market News, Click Here To Get More News -  Share Market tips , for 2 Days Free Trial give a missed call @9644405057 and Get Share Market Services.

Oil rally stalls on talk of OPEC+ boosting output

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Oil prices halted their rally on Monday, with both benchmarks down nearly 1 percent, after Russia's finance minister said Russia and OPEC may decide to boost production to fight for market share with the United States, where output remains at record highs. Losses were limited by a tightening of global supplies, as output has fallen in Iran and Venezuela amid signs the United States will further toughen sanctions on those two OPEC producers, and on the threat that renewed fighting could wipe out crude production in Libya. Brent crude futures ended the session at $71.18 a barrel, down 37 cents, or 0.5 percent, having earlier slid below $71. Brent hit its highest since Nov. 12 on Friday at $71.87. U.S. West Texas Intermediate crude futures fell 49 cents, or 0.8 percent, to settle at $63.40 per barrel. Oil prices have been lifted by more than 30 percent this year, mainly due to a deal by the Organisation of the Petroleum Exporting Countries and its allies includ...

Oil drops 1% as economic outlook weakens, US supply surges.

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US sanctions against the oil industries of OPEC members Iran and Venezuela have also supported futures. Oil prices fell about 1 percent on March 8 after disappointing US job growth revived concerns about a slowing global economy and weaker demand for oil. With surging US oil supply also unsettling markets, Brent crude futures fell 56 cents, 0.8 percent, to settle at $65.74 a barrel. The international benchmark gained 1 percent for the week. US West Texas Intermediate (WTI) crude futures fell 59 cents, or 1 percent, to settle at $56.07 a barrel. WTI still ended 0.5 percent higher for the week, however. US job growth almost stalled in February, with the economy creating only 20,000 jobs amid a contraction in payrolls in construction and several other sectors. The report dragged down US stock markets, along with oil futures. Financial markets also took a hit after comments on Thursday from European Central Bank President Mario Draghi that the European econo...

Gold prices steady as Donald Trump speech stokes fears of government shutdown

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Trump spoke in the chamber of the House of Representatives facing political discord over his demands that Democrats end their opposition to funding for a border wall he says is needed to stem illegal immigration and smuggled drugs. Gold prices held steady on Wednesday after US President Donald Trump, in his State of the Union speech, vowed to build a border wall, but gave little clarity over developments in the ongoing trade discussions with China. Spot gold was steady at $1,314 per ounce at 0431 GMT. US gold futures were also steady at $1,318 an ounce. Trump spoke in the chamber of the House of Representatives facing political discord over his demands that Democrats end their opposition to funding for a border wall he says is needed to stem illegal immigration and smuggled drugs. "There is a likely risk of another government shutdown with President Trump still sticking to the rhetoric of erecting a border wall," said Hitesh Jain, vice president, Yes Sec...

Flipkart billionaire Binny Bansal breaks his silence after Walmart ouster

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He's moving on from an episode that roiled India's tech arena It’s been less than three months since Binny Bansal’s shock ouster from Flipkart, the e-commerce giant he founded over a decade ago. The entrepreneur once celebrated for jumpstarting India’s internet retail industry is now dedicating himself to helping other founders get their startups off the ground. Bansal, who departed after Flipkart’s new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy. It’s aimed at helping entrepreneurs navigate the often-tricky Indian startup scene. Bansal’s already put together an early team, set up an office at a co-working space and even snagged several “leading” startup customers. “I’m looking forward to the next chapter of my life,” the 37-year-old said in his first interview since the episode. “Person to person, I can help 10 startups but the ambition is ...

D-Street Buzz: Auto stocks gain led by Bajaj Auto, M&M; Zee Entertainment jumps 3%, realty drags

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The breadth of the market favoured the declines with 658 stocks advancing and 1029 declining while 369 remained unchanged. On the BSE, 868 stocks advanced, 1389 declined and 128 remained unchanged. The Indian benchmark indices have been trading on a positive note in this Tuesday afternoon session with the Nifty50 up 27 points, trading at 10939 while the Sensex gained 73 points and was trading at 36655 marks. Nifty Auto added close to a percent led by gains from Bajaj Auto, Hero MotoCorp, Mahindra & Mahindra and Maruti Suzuki. Media stocks were also buzzing led by Zee Media and Zee Entertainment which jumped 3-4 percent followed by INOX Leisure and PVR. Research firm Citi has revised the rating of Zee Entertainment to buy and has cut target to Rs 480 from Rs 575 per share. From the banking space, the top gainers were IndusInd Bank, Punjab National Bank, and YES Bank. However, real estate stocks were down with loses from Indiabulls Real Estate, Phoenix M...

Pulses, Oilseed output decline due to erratic distribution of monsoon

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The year 2018-19 has indicated that below average and erratic distribution of monsoon rains over the country have affected the production of Pulses and Oilseeds and it is expected to decline marginally by 2.68 percent and 5.36 percent. Pulses production is projected to drop marginally to 9.10 million MT (metric tonne) from 9.35 million MT last year which is around 2.68 percent down due to the fall in Urad output by 10.11 per cent, mainly due to the shift in acreage towards Soybean in some parts of Madhya Pradesh and Maharashtra. The total Oilseeds production is estimated to be 19.87 million MT, which is 5.36 per cent declined than the last year’s production 21.00 million MT, mainly due to the falling Groundnut (22.11 percent), Castor (27.16 percent) and Sesame (3.21 percent) production in major producing states. Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before ta...

Foreign direct investment falls 11% during Apr-Sep

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Foreign direct investment (FDI) into India declined 11 percent to $22.66 billion during April-September period of the current fiscal, according to Commerce and Industry Ministry data. The foreign fund inflows during April-September 2017-18 stood at $25.35 billion. Singapore was the largest source of FDI during April-September 2018 with $8.62 billion inflow, followed by Mauritius ($3.88 billion), the Netherlands ($2.31 billion), Japan ($1.88 billion), the US ($970 million), and UK ($845 million). FDI had increased at a five-year low growth of 3 percent at $44.85 billion in 2017-18. A decline in foreign inflows could put pressure on the country's balance of payments and may also impact the value of the rupee. Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions. Best Share Market News, Click Here To Get More News - Share ...

Gujarat’s Groundnut exports may fall to lowest since 2013-14: SOMA

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Groundnut exports from Gujarat - the largest producer and exporter of the commodity – is expected to fall to 2.5 lakh tonnes in 2018-19, the lowest since 2013-14, industry body Saurashtra Oil Millers Association (SOMA) said. Groundnut exports from Gujarat were 1.79 lakh tonnes, worth Rs 1,224 crore, in April to November of the 2018-19 fiscal, says the Agricultural and Processed Food Products Export Development Authority (APEDA), citing data from the Directorate General of Commercial Intelligence and Statistics (DGCIS). Gujarat’s groundnut exports were at 3.22 lakh tonnes (valued at Rs 2,115 crore) in 2017-18. The reduced exports from Gujarat are expected to lower India’s overall groundnut exports in 2018-19 too. The first eight months of the current fiscal saw groundnut exports from the country stand at 3.10 lakh tonnes, against 5.04 lakh tonnes in all of 2017-18. The Solvent Extractors’ Association of India (SEA) pegged the Kharif groundnut production in Gujarat at 15.95...

Brokerage calls: Jefferies downgrades Whirlpool, Citi cuts target for Zee Entertainment

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Four-wheeler replacement industry growth may slow down to 6 percent in FY21 From 10 percent In FY20, Nomura said in a research note, discussing Exide We have collated a list of recommendations from global brokerage firms for Tuesday, February 5. Whirlpool | Brokerage: Jefferies | Rating: Hold | Target: Rs 1,625 Jefferies has downgraded Whirlpool to Hold from Buy and reduced the target price to Rs 1,625 from Rs 1,690. Revenue growth was hurt by a weak margin, and most positives have been priced in at the current valuation, according to Jefferies. Zee Entertainment Enterprises | Brokerage: Citi | Rating: Buy/High-risk | Target: Rs 480 Citi has revised the stock's rating to 'Buy/High Risk' from 'Buy', and slashed the target price to Rs 480 from Rs 575. The strategic stake sale is key to Zee Entertainment's performance, Citi said in a research note. Coal India | Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 296 Pro...

Dominos Pizza India operator falls 4% on fine of Rs 41 cr by anti-profiteering body

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The anti-profiteering body passed an order on February 4, 2019 concluding a profiteering of Rs. 41.42 crore, Jubilant FoodWorks informed in an exchange filing. Shares of Dominos Pizza India operator, Jubilant FoodWorks, fell over 4 percent after the National Anti-Profiteering Authority (NAA) fined the company for not passing on GST rate cut benefits to customers. The stock touched an intraday high of Rs 1,365.00 and an intraday low of Rs 1,327.00. The anti-profiteering body passed an order on February 4, 2019 concluding a profiteering of Rs. 41.42 crore, Jubilant FoodWorks informed in an exchange filing. Further it stated that the loss to company due to input credit withdrawal was higher than price increase that was taken and this wasn’t taken into account by the NAA. The company also said, “Jubilant FoodWorks unreservedly supported the reduction of GST on restaurants to 5%, as we believed it to be an extremely progressive and growth-enabling measure. In the abs...

Rupee opens higher at 71.70 per dollar

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Today, USD-INR pair is expected to quote in the range of 71.70 and 72.20, says Motilal Oswal. The Indian rupee opened higher by 10 paise at 71.70 per dollar versus previous close 71.80. Rupee came under pressure ahead of the important RBI policy statement that will be released later this week. The expectation is that the central bank could consider cutting rates by 25bps but a change in the stance could trigger volatility for the currency. This will be RBI governor’s first policy meeting and a dovish stance could put the currency under pressure, said Motilal Oswal. In its December monetary policy review, the RBI had kept interest rates unchanged but held out a promise to cut them if the upside risks to the inflation do not materialize. Today, USD-INR pair is expected to quote in the range of 71.70 and 72.20, it added. Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified exper...

US oil prices edge up on tightening global supply

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U.S. West Texas Intermediate (WTI) crude futures were at $54.73 per barrel at 0020 GMT, up 16 cents from their last settlement. They closed down 1.3 percent on Monday, after earlier touching their highest since Nov. 21 at $55.75 a barrel. US oil prices inched up on Tuesday, buoyed by expectations of tightening global supply amid U.S. sanctions on Venezuela and production cuts led by OPEC. U.S. West Texas Intermediate (WTI) crude futures were at $54.73 per barrel at 0020 GMT, up 16 cents from their last settlement. They closed down 1.3 percent on Monday, after earlier touching their highest since Nov. 21 at $55.75 a barrel. International Brent crude oil futures had yet to trade, after closing down 0.4 percent in the previous session. Analysts said that U.S. sanctions on Venezuela had focused market attention on tighter global supplies. The sanctions will sharply limit oil transactions between Venezuela and other countries and are similar to but slightly less extens...