#FindocPrime #WeeklyNewspaper
Findoc Financial Services Group weekly newspaper is back with more updates on the financial world. This week witnessed some significant updates like a 5.2% decline in the global economy because of the ongoing pandemic, production cut of oil by 10% by OPEC and its allies, among others. Read more to catch exclusive details on this and more in the weekly newspaper.
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The article discusses covered call options strategy and put options strategy. For covered calls, the trader should have conviction that they will exit the investment at a particular price by selling a call option at a higher strike price. Put options allow investors to protect their downside by buying a put, limiting losses to the premium paid. Investors can also buy portfolio protection puts based on the portfolio's beta. Writing put options allows investors to enter a stock or market at a lower price by selling put options at that price.
Geojit Financial Services Ltd is a pioneer in retail financial services in India with over 250 offices nationwide. It offers a range of products and services including equity and commodity trading, futures and options trading, margin trading, loans against shares and commodities, depository services, and portfolio management services. Geojit has over 200,000 retail investors and manages over Rs. 20 billion in assets under its custody.
- The key Indian stock indices (Sensex and Nifty) declined over 1% due to weakness in metal, healthcare and other stocks, and profit-taking ahead of the year-end amid a weak global trend.
- Bharti Airtel shares fell 3% on reports of a CBI chargesheet regarding alleged irregularities in spectrum allocation during the previous government.
- Most sectoral indices closed in the red, with metals and real estate declining the most. Asian stocks were also mostly lower as the deadline for resolving the US fiscal cliff nears.
- The key Indian stock indices (Sensex and Nifty) declined on the day by around 0.5-0.6% due to losses in IT, oil & gas, and FMCG stocks, as well as ongoing F&O expiry.
- Asian markets were trading higher in morning hours, ahead of the US fiscal cliff negotiations.
- The EGoM on spectrum is expected to meet next week to discuss details of upcoming spectrum auctions.
The key Indian stock indices closed slightly higher, recovering from a seven-day losing streak. The Sensex closed up 0.12% and the Nifty closed up 0.14%. Midcap and small cap shares continued declining with lack of buying support. Shares of Jet Airways and SpiceJet fell on concerns of increased competition from a new AirAsia India joint venture. GAIL shares fell on reports of delays to a gas pipeline project in Tamil Nadu. Overall, six sectors closed lower while seven closed higher. FIIs were net buyers of Indian stocks while domestic institutions were net sellers.
Geojit Financial Services Ltd is a joint venture between KSIDC and provides a wide range of financial services including stock broking, depository services, portfolio management, loans, and commodities trading. It has over 250 offices across India serving over 200,000 retail investors. Some key events in Geojit's history include launching internet trading in 2000 as India's first company, setting up an overseas venture in the UAE in 2001, and a private equity investment from BNP Paribas in 2006.
The key points from the India Morning Note are:
1) Domestic markets in India gained led by stocks in the realty and FMCG sectors. Cipla shares rose 2% on news of an acquisition in South Africa.
2) The rupee strengthened against the dollar supported by positive cues from Asian markets and expanding Chinese manufacturing data.
3) Top gainers included Jet Airways and Union Bank of India while top losers were Hindustan Copper and NTPC.
The key points from the document are:
1) Indian markets opened higher on hopes of global growth recovery but gains were capped on concerns ahead of earnings reports and economic data. The Sensex declined 0.47% while the Nifty fell 0.46%.
2) Auto stocks outperformed on expectations of strong Q3 earnings growth. Telecom stocks gained after the telecom minister said cabinet will decide on lowering reserve price for spectrum.
3) Market breadth was positive but Asian markets were trading weak, which may lead to a weak opening for Indian markets.
The article discusses covered call options strategy and put options strategy. For covered calls, the trader should have conviction that they will exit the investment at a particular price by selling a call option at a higher strike price. Put options allow investors to protect their downside by buying a put, limiting losses to the premium paid. Investors can also buy portfolio protection puts based on the portfolio's beta. Writing put options allows investors to enter a stock or market at a lower price by selling put options at that price.
Geojit Financial Services Ltd is a pioneer in retail financial services in India with over 250 offices nationwide. It offers a range of products and services including equity and commodity trading, futures and options trading, margin trading, loans against shares and commodities, depository services, and portfolio management services. Geojit has over 200,000 retail investors and manages over Rs. 20 billion in assets under its custody.
- The key Indian stock indices (Sensex and Nifty) declined over 1% due to weakness in metal, healthcare and other stocks, and profit-taking ahead of the year-end amid a weak global trend.
- Bharti Airtel shares fell 3% on reports of a CBI chargesheet regarding alleged irregularities in spectrum allocation during the previous government.
- Most sectoral indices closed in the red, with metals and real estate declining the most. Asian stocks were also mostly lower as the deadline for resolving the US fiscal cliff nears.
- The key Indian stock indices (Sensex and Nifty) declined on the day by around 0.5-0.6% due to losses in IT, oil & gas, and FMCG stocks, as well as ongoing F&O expiry.
- Asian markets were trading higher in morning hours, ahead of the US fiscal cliff negotiations.
- The EGoM on spectrum is expected to meet next week to discuss details of upcoming spectrum auctions.
The key Indian stock indices closed slightly higher, recovering from a seven-day losing streak. The Sensex closed up 0.12% and the Nifty closed up 0.14%. Midcap and small cap shares continued declining with lack of buying support. Shares of Jet Airways and SpiceJet fell on concerns of increased competition from a new AirAsia India joint venture. GAIL shares fell on reports of delays to a gas pipeline project in Tamil Nadu. Overall, six sectors closed lower while seven closed higher. FIIs were net buyers of Indian stocks while domestic institutions were net sellers.
Geojit Financial Services Ltd is a joint venture between KSIDC and provides a wide range of financial services including stock broking, depository services, portfolio management, loans, and commodities trading. It has over 250 offices across India serving over 200,000 retail investors. Some key events in Geojit's history include launching internet trading in 2000 as India's first company, setting up an overseas venture in the UAE in 2001, and a private equity investment from BNP Paribas in 2006.
The key points from the India Morning Note are:
1) Domestic markets in India gained led by stocks in the realty and FMCG sectors. Cipla shares rose 2% on news of an acquisition in South Africa.
2) The rupee strengthened against the dollar supported by positive cues from Asian markets and expanding Chinese manufacturing data.
3) Top gainers included Jet Airways and Union Bank of India while top losers were Hindustan Copper and NTPC.
The key points from the document are:
1) Indian markets opened higher on hopes of global growth recovery but gains were capped on concerns ahead of earnings reports and economic data. The Sensex declined 0.47% while the Nifty fell 0.46%.
2) Auto stocks outperformed on expectations of strong Q3 earnings growth. Telecom stocks gained after the telecom minister said cabinet will decide on lowering reserve price for spectrum.
3) Market breadth was positive but Asian markets were trading weak, which may lead to a weak opening for Indian markets.
The Indian markets rose led by metal, PSU and power stocks as the Sensex gained 0.88% and Nifty 0.94% despite disappointing GDP data showing a slowdown to 5.3% in Q3. FIIs have invested over Rs. 1 lakh crore in Indian stocks so far in 2012 after net outflows in 2011. HCL Tech gained 2.8% after signing a large outsourcing deal. Asian stocks rose on positive Chinese manufacturing data while the Indian markets are expected to open positively but see cautious trading due to auto sector weakness and uncertainty around foreign retail investment policy.
The key points from the document are:
1) Indian domestic markets declined led by stocks of public sector, metal and mining companies as S&P reiterated a warning about possible downgrade of India's credit rating.
2) Asian stocks mostly gained following an expansion of the US Federal Reserve's asset buying program.
3) The report expects the Indian markets to have a positive opening, following gains in Asian stocks, but political uncertainties over banking reforms may limit gains.
The key points from the India Morning Note document are:
1) Indian domestic markets ended higher on Friday led by gains in oil and gas stocks. The Sensex gained 0.1% and Nifty rose 0.11%.
2) FIIs were net buyers of Indian stocks worth Rs. 3,649 crore for the month so far while domestic MFs were net sellers of Rs. 369.9 crore.
3) Top gainers in the market included BPCL, HPCL and IOC which rose 1.8-5.5% on hopes of higher gas prices, while metal stocks like Tata Steel fell 1.9% on profit taking.
- Indian stock indices edged lower after comments from the RBI Governor warning of high inflation and a record current account deficit. The Sensex fell 0.12% and Nifty fell 0.10%.
- ONGC reported a 17.5% year-over-year decline in third quarter net profit. Tata Power posted a net loss of Rs 328.9cr in the third quarter compared to a profit a year ago.
- Market breadth was negative with selling pressure on large cap stocks. Foreign institutional investors purchased Rs. 9.96 billion in equities while domestic institutions sold Rs. 9.40 billion.
Mr. C. Jayaram
Directors: Mr. Dipak Gupta
Mr. Bina Chandarana
Mr. Prakash Apte
Mr. C. Jayaram
Mr. Uday Kotak
Mr. Jaideep Hansraj
Mr. KVS Manian
Mr. B. Ramakrishna
Mr. C. Jayaram
Mr. Uday Kotak
Mr. Jaideep Hansraj
Mr. KVS Manian
Mr. B. Ramakrishna
PRODUCTS AND SERVICES OF KOTAK SECURITIES LTD:
- Equity Broking
- Currency
HDFC Life and ICICI Prudential : Financial analysis and Portfolio Comparisonkkslideshare77
The document compares HDFC Life and ICICI Prudential Life Insurance through financial analysis and a product comparison. It analyzes the insurers' solvency ratios, operating expenses, assets under management, and unit linked funds. HDFC Life's solvency ratio is above the regulatory requirement of 1.5. The document also compares the insurers' term assurance plan products and portfolios. Key differences and inferences about the companies are presented.
PTC India Financial Services (PFS), a subsidiary of PTC India, has been granted infrastructure financial company (IFC) status by the Reserve Bank of India. This will allow PFS to raise funds more easily and provide higher exposure to single borrowers. It is expected to reduce PFS' cost of borrowing and prove positive for business. PFS holds equity stakes ranging from 26-37% in various power generation projects including renewable and conventional sources with a total portfolio capacity of over 2,000MW.
The document provides an overview and comparison of DSP Black Rock and HDFC mutual funds. It discusses the introduction and background of DSP Black Rock mutual fund, which was established as a joint venture between DSP Group and BlackRock. It also provides details on DSP Black Rock's views, profile, products/funds offered, which include 23 types of mutual fund schemes. For HDFC mutual fund, it highlights it is one of the major fund houses in India and among the oldest.
The key Indian stock indices edged lower after the government projected slower GDP growth of 5% for 2012-13, the lowest in a decade. The Sensex fell 0.3% while the Nifty dropped 0.34%. Ten of thirteen sectors closed in negative territory led by consumer durables which slashed 3.34%. Foreign institutional investors purchased equity worth Rs. 8.27 billion while domestic institutions sold Rs. 9.90 billion in the cash segment.
This document provides a project synopsis for a study comparing HDFC Mutual Fund to other major players. The study aims to determine the best mutual fund for investments. Objectives include studying mutual fund structures in India, HDFC schemes, fund performance, and comparing HDFC schemes to others. The methodology involves market surveys, case studies, and fundamental analysis. The sample includes 150 investors in Bangalore South investing in equity growth funds over three years. Primary data will be collected from fund companies and surveys. Secondary data comes from publications. Content will include introductions, study overview, methodology, findings, and references.
- The key Indian stock indices, the BSE Sensex and Nifty 50, declined slightly by around 0.1-0.2% led by losses in information technology, metal, and energy stocks.
- Modi's BJP party won the most seats in Gujarat state elections, while Moody's expects modest growth in Asia's steel industry over the next year.
- Top gainers were from sectors like consumer goods and pharmaceuticals, while losses were concentrated in energy and infrastructure companies.
- Asian markets declined slightly on concerns over stalled US fiscal cliff negotiations, and the Indian markets are expected to open weakly tracking Asian cues.
A study of investors opinion about on line tradingcase of m soll ltd.Rana Ratnakar
This document is a dissertation submitted for a Master's degree in business administration. It discusses conducting a study on investors' opinions about online stock trading using the company M-SOLL Ltd as a case study. The dissertation includes an introduction, objectives of the study, research methodology, company profile of M-SOLL Ltd, an overview of the Indian stock market, descriptions of the National Stock Exchange and Bombay Stock Exchange, and an outline of the contents which will analyze online trading, marketing strategies, competitors, findings, and conclusions.
Cutomer perception and attitude towards bajaj allianz project reportBabasab Patil
The document provides an executive summary of a study conducted on Bajaj Allianz Life Insurance Company.
[1] It outlines the objectives of studying customer awareness, perception and attitude towards the company. Primary and secondary research methods were used.
[2] Key findings indicate over 50% awareness of the company through agents. Existing customers are satisfied with benefits and rate services positively.
[3] Recommendations include improving promotional activities and education initiatives to increase brand recognition and address customer concerns around security.
IDFC Focused Equity Fund_Key information memorandumIDFCJUBI
The document provides a key information memorandum for the IDFC Focused Equity Fund, an open-ended equity scheme that invests in a maximum of 30 stocks with a multi-cap focus. The following information is highlighted:
- The fund aims to generate long-term capital appreciation by investing in a concentrated portfolio of up to 30 equity and equity-related instruments.
- The asset allocation is 65-100% in equities and equity-related instruments, and 0-35% in debt and money market instruments.
- The investment strategy focuses on investing in quality companies with the ability to generate above-average returns through capital appreciation and growth.
- The risk profile is high given the focus on
MERGERS AND ACQUISITIONS IN INDIAN BANKING SECTORRaku Daku
This document provides an overview of mergers and acquisitions that have occurred in the Indian banking sector. It discusses several major mergers such as HDFC Bank and Times Bank in 1999, ICICI Bank acquiring Bank of Madura, and Global Trust Bank merging with UTI Bank. The motives for mergers are discussed, including improving competitiveness and shareholder value. Recommendations from the Narasimham Committee on banking reforms are summarized, including that mergers should not be used to bail out weak banks but could help strong banks. In conclusion, the Indian banking sector has generally destroyed shareholder wealth while mergers of strong banks tend to create value.
The key points from the document are:
1) Indian markets opened positive on Thursday with the BSE Sensex gaining 0.26% and Nifty50 rising 0.27% led by stocks like Dr Reddy, Bharti Airtel and ONGC.
2) Jet Airways surged over 6% on reports it is the front-runner for an investment by Gulf carrier Etihad Airways.
3) Most sector indices closed higher with BSE IT and BSE Oil & Gas rising over 1%, while BSE FMCG and BSE CD fell around 0.5%.
This document summarizes key developments related to takeover regulations in India:
1. SEBI granted exemption to acquirers whose shareholding increased due to company buybacks or warrant conversions, provided there was no change in control.
2. Exemption was denied where a buyback price was deemed too high and could artificially inflate share prices.
3. Exemption was granted where share acquisitions were part of a corporate debt restructuring scheme.
4. SEBI disposed of adjudication proceedings against noticees regarding disclosure violations upon receiving a consent fee of Rs. 50,000.
A project report on performance evaluation of sectoral mutual fundsachindholakiya
The document provides an executive summary and objectives of a project report on evaluating the performance of sectoral mutual funds. The project aims to help investors track and analyze the performance of their investments in sectoral mutual funds. The methodology involves secondary data collection and analysis of sectoral funds based on various parameters. Key findings are that technology, FMCG and pharma sectors have performed well, while the banking sector fund did not perform well. The report also provides background on mutual funds and sectoral funds in India.
1) The document discusses a study on individual investors' perspectives in Durg, Bhilai, and Raipur, Chhattisgarh regarding investment in shares, with a focus on India Infoline.
2) A questionnaire was used to collect primary data from 100 respondents regarding their awareness of share markets, preferences for investment avenues, and perceptions of brokerage firms like India Infoline.
3) The results found that over 50% of respondents were between 25-50 years old, most preferred investing in bank deposits over shares, and India Infoline was the most preferred brokerage among options like ICICI Securities and Sharekhan.
The document discusses the concept of mutual funds in India, outlining how mutual funds pool money from investors and invest it in securities to achieve specific investment objectives. It provides an overview of the growth of the mutual fund industry in India and describes the key advantages of mutual funds like diversification of risk, professional fund management, and convenient administration. The document also examines the structure and working of mutual funds in India.
The document discusses moratorium rates on retail loans in India. It notes that fears of large-scale defaults on banks' retail lending books may be overblown according to Macquarie analysts. Based on feedback from HDFC and other Indian banks, the total loan book under moratorium has declined from 25-30% in late May. For HDFC, the proportion of retail loans under moratorium fell to 7% as of June 15 from 21% in May. The decline is attributed to greater clarity on additional liability for borrowers and some banks switching from opt-out to opt-in moratorium policies.
Tata Power Company Q2FY15: Results as per estimatesIndiaNotes.com
Tata power reported its 2Q FY 15 results as per the street estimates. However, Hangover continues regarding compensatory tariff issue ( Mundra UMPP). Total income stood at INR 8,394 Cr (-4% y-o-y). This was mainly on account of decrease in power and coal business. Revenue from power business stood at INR 6,201 Cr (-3% y-o-y). Coal revenue stood at INR 2,078 Cr (-11% y-o-y) mainly due to higher quantity of coal sold. Lower realization offset by higher volume traded. Total expenditure almost remained flat 2% and stood at INR 6,702 Cr .
The Indian markets rose led by metal, PSU and power stocks as the Sensex gained 0.88% and Nifty 0.94% despite disappointing GDP data showing a slowdown to 5.3% in Q3. FIIs have invested over Rs. 1 lakh crore in Indian stocks so far in 2012 after net outflows in 2011. HCL Tech gained 2.8% after signing a large outsourcing deal. Asian stocks rose on positive Chinese manufacturing data while the Indian markets are expected to open positively but see cautious trading due to auto sector weakness and uncertainty around foreign retail investment policy.
The key points from the document are:
1) Indian domestic markets declined led by stocks of public sector, metal and mining companies as S&P reiterated a warning about possible downgrade of India's credit rating.
2) Asian stocks mostly gained following an expansion of the US Federal Reserve's asset buying program.
3) The report expects the Indian markets to have a positive opening, following gains in Asian stocks, but political uncertainties over banking reforms may limit gains.
The key points from the India Morning Note document are:
1) Indian domestic markets ended higher on Friday led by gains in oil and gas stocks. The Sensex gained 0.1% and Nifty rose 0.11%.
2) FIIs were net buyers of Indian stocks worth Rs. 3,649 crore for the month so far while domestic MFs were net sellers of Rs. 369.9 crore.
3) Top gainers in the market included BPCL, HPCL and IOC which rose 1.8-5.5% on hopes of higher gas prices, while metal stocks like Tata Steel fell 1.9% on profit taking.
- Indian stock indices edged lower after comments from the RBI Governor warning of high inflation and a record current account deficit. The Sensex fell 0.12% and Nifty fell 0.10%.
- ONGC reported a 17.5% year-over-year decline in third quarter net profit. Tata Power posted a net loss of Rs 328.9cr in the third quarter compared to a profit a year ago.
- Market breadth was negative with selling pressure on large cap stocks. Foreign institutional investors purchased Rs. 9.96 billion in equities while domestic institutions sold Rs. 9.40 billion.
Mr. C. Jayaram
Directors: Mr. Dipak Gupta
Mr. Bina Chandarana
Mr. Prakash Apte
Mr. C. Jayaram
Mr. Uday Kotak
Mr. Jaideep Hansraj
Mr. KVS Manian
Mr. B. Ramakrishna
Mr. C. Jayaram
Mr. Uday Kotak
Mr. Jaideep Hansraj
Mr. KVS Manian
Mr. B. Ramakrishna
PRODUCTS AND SERVICES OF KOTAK SECURITIES LTD:
- Equity Broking
- Currency
HDFC Life and ICICI Prudential : Financial analysis and Portfolio Comparisonkkslideshare77
The document compares HDFC Life and ICICI Prudential Life Insurance through financial analysis and a product comparison. It analyzes the insurers' solvency ratios, operating expenses, assets under management, and unit linked funds. HDFC Life's solvency ratio is above the regulatory requirement of 1.5. The document also compares the insurers' term assurance plan products and portfolios. Key differences and inferences about the companies are presented.
PTC India Financial Services (PFS), a subsidiary of PTC India, has been granted infrastructure financial company (IFC) status by the Reserve Bank of India. This will allow PFS to raise funds more easily and provide higher exposure to single borrowers. It is expected to reduce PFS' cost of borrowing and prove positive for business. PFS holds equity stakes ranging from 26-37% in various power generation projects including renewable and conventional sources with a total portfolio capacity of over 2,000MW.
The document provides an overview and comparison of DSP Black Rock and HDFC mutual funds. It discusses the introduction and background of DSP Black Rock mutual fund, which was established as a joint venture between DSP Group and BlackRock. It also provides details on DSP Black Rock's views, profile, products/funds offered, which include 23 types of mutual fund schemes. For HDFC mutual fund, it highlights it is one of the major fund houses in India and among the oldest.
The key Indian stock indices edged lower after the government projected slower GDP growth of 5% for 2012-13, the lowest in a decade. The Sensex fell 0.3% while the Nifty dropped 0.34%. Ten of thirteen sectors closed in negative territory led by consumer durables which slashed 3.34%. Foreign institutional investors purchased equity worth Rs. 8.27 billion while domestic institutions sold Rs. 9.90 billion in the cash segment.
This document provides a project synopsis for a study comparing HDFC Mutual Fund to other major players. The study aims to determine the best mutual fund for investments. Objectives include studying mutual fund structures in India, HDFC schemes, fund performance, and comparing HDFC schemes to others. The methodology involves market surveys, case studies, and fundamental analysis. The sample includes 150 investors in Bangalore South investing in equity growth funds over three years. Primary data will be collected from fund companies and surveys. Secondary data comes from publications. Content will include introductions, study overview, methodology, findings, and references.
- The key Indian stock indices, the BSE Sensex and Nifty 50, declined slightly by around 0.1-0.2% led by losses in information technology, metal, and energy stocks.
- Modi's BJP party won the most seats in Gujarat state elections, while Moody's expects modest growth in Asia's steel industry over the next year.
- Top gainers were from sectors like consumer goods and pharmaceuticals, while losses were concentrated in energy and infrastructure companies.
- Asian markets declined slightly on concerns over stalled US fiscal cliff negotiations, and the Indian markets are expected to open weakly tracking Asian cues.
A study of investors opinion about on line tradingcase of m soll ltd.Rana Ratnakar
This document is a dissertation submitted for a Master's degree in business administration. It discusses conducting a study on investors' opinions about online stock trading using the company M-SOLL Ltd as a case study. The dissertation includes an introduction, objectives of the study, research methodology, company profile of M-SOLL Ltd, an overview of the Indian stock market, descriptions of the National Stock Exchange and Bombay Stock Exchange, and an outline of the contents which will analyze online trading, marketing strategies, competitors, findings, and conclusions.
Cutomer perception and attitude towards bajaj allianz project reportBabasab Patil
The document provides an executive summary of a study conducted on Bajaj Allianz Life Insurance Company.
[1] It outlines the objectives of studying customer awareness, perception and attitude towards the company. Primary and secondary research methods were used.
[2] Key findings indicate over 50% awareness of the company through agents. Existing customers are satisfied with benefits and rate services positively.
[3] Recommendations include improving promotional activities and education initiatives to increase brand recognition and address customer concerns around security.
IDFC Focused Equity Fund_Key information memorandumIDFCJUBI
The document provides a key information memorandum for the IDFC Focused Equity Fund, an open-ended equity scheme that invests in a maximum of 30 stocks with a multi-cap focus. The following information is highlighted:
- The fund aims to generate long-term capital appreciation by investing in a concentrated portfolio of up to 30 equity and equity-related instruments.
- The asset allocation is 65-100% in equities and equity-related instruments, and 0-35% in debt and money market instruments.
- The investment strategy focuses on investing in quality companies with the ability to generate above-average returns through capital appreciation and growth.
- The risk profile is high given the focus on
MERGERS AND ACQUISITIONS IN INDIAN BANKING SECTORRaku Daku
This document provides an overview of mergers and acquisitions that have occurred in the Indian banking sector. It discusses several major mergers such as HDFC Bank and Times Bank in 1999, ICICI Bank acquiring Bank of Madura, and Global Trust Bank merging with UTI Bank. The motives for mergers are discussed, including improving competitiveness and shareholder value. Recommendations from the Narasimham Committee on banking reforms are summarized, including that mergers should not be used to bail out weak banks but could help strong banks. In conclusion, the Indian banking sector has generally destroyed shareholder wealth while mergers of strong banks tend to create value.
The key points from the document are:
1) Indian markets opened positive on Thursday with the BSE Sensex gaining 0.26% and Nifty50 rising 0.27% led by stocks like Dr Reddy, Bharti Airtel and ONGC.
2) Jet Airways surged over 6% on reports it is the front-runner for an investment by Gulf carrier Etihad Airways.
3) Most sector indices closed higher with BSE IT and BSE Oil & Gas rising over 1%, while BSE FMCG and BSE CD fell around 0.5%.
This document summarizes key developments related to takeover regulations in India:
1. SEBI granted exemption to acquirers whose shareholding increased due to company buybacks or warrant conversions, provided there was no change in control.
2. Exemption was denied where a buyback price was deemed too high and could artificially inflate share prices.
3. Exemption was granted where share acquisitions were part of a corporate debt restructuring scheme.
4. SEBI disposed of adjudication proceedings against noticees regarding disclosure violations upon receiving a consent fee of Rs. 50,000.
A project report on performance evaluation of sectoral mutual fundsachindholakiya
The document provides an executive summary and objectives of a project report on evaluating the performance of sectoral mutual funds. The project aims to help investors track and analyze the performance of their investments in sectoral mutual funds. The methodology involves secondary data collection and analysis of sectoral funds based on various parameters. Key findings are that technology, FMCG and pharma sectors have performed well, while the banking sector fund did not perform well. The report also provides background on mutual funds and sectoral funds in India.
1) The document discusses a study on individual investors' perspectives in Durg, Bhilai, and Raipur, Chhattisgarh regarding investment in shares, with a focus on India Infoline.
2) A questionnaire was used to collect primary data from 100 respondents regarding their awareness of share markets, preferences for investment avenues, and perceptions of brokerage firms like India Infoline.
3) The results found that over 50% of respondents were between 25-50 years old, most preferred investing in bank deposits over shares, and India Infoline was the most preferred brokerage among options like ICICI Securities and Sharekhan.
The document discusses the concept of mutual funds in India, outlining how mutual funds pool money from investors and invest it in securities to achieve specific investment objectives. It provides an overview of the growth of the mutual fund industry in India and describes the key advantages of mutual funds like diversification of risk, professional fund management, and convenient administration. The document also examines the structure and working of mutual funds in India.
The document discusses moratorium rates on retail loans in India. It notes that fears of large-scale defaults on banks' retail lending books may be overblown according to Macquarie analysts. Based on feedback from HDFC and other Indian banks, the total loan book under moratorium has declined from 25-30% in late May. For HDFC, the proportion of retail loans under moratorium fell to 7% as of June 15 from 21% in May. The decline is attributed to greater clarity on additional liability for borrowers and some banks switching from opt-out to opt-in moratorium policies.
Tata Power Company Q2FY15: Results as per estimatesIndiaNotes.com
Tata power reported its 2Q FY 15 results as per the street estimates. However, Hangover continues regarding compensatory tariff issue ( Mundra UMPP). Total income stood at INR 8,394 Cr (-4% y-o-y). This was mainly on account of decrease in power and coal business. Revenue from power business stood at INR 6,201 Cr (-3% y-o-y). Coal revenue stood at INR 2,078 Cr (-11% y-o-y) mainly due to higher quantity of coal sold. Lower realization offset by higher volume traded. Total expenditure almost remained flat 2% and stood at INR 6,702 Cr .
#WeeklyNewspaper #FindocPrime
Markets rally in APRIL but will the GST numbers be a road block & Continue learning of stock marktets with our weekly segment - Derivatives Decoded.
For more news and updates, now subscribe to our weekly newspaper: https://zurl.co/9zKo
#moneymanagement #wealthmanager #wealthmanagers #financialplanner #financialplanners #financialplanning #financialcoach #financialcoaches
BEC-DOMS Project report on Stock-Exchange Babasab Patil
Geojit Financial Services Ltd is a pioneer in retail financial services in India with over 200,000 retail investors served through over 250 offices nationwide. It offers a range of financial products and services including equity trading, futures and options trading, margin trading, loans against shares, portfolio management services, and more. Geojit has a large pool of certified professionals and uses innovative technology to provide customized investment strategies and services to its growing client base.
The document discusses opportunities for investment banking in a bearish market. It summarizes Kotak Mahindra Capital Company's (KMCC) offerings including private equity, venture funding, and mergers and acquisitions. KMCC has a global presence and has led many large initial public offerings. It also discusses the Indian financial sector growth and regulatory developments. The document then evaluates potential financial innovations for an initial public offering including offering detachable warrants and Singapore depository receipts to attract investors in the current market conditions.
This document contains a quiz on financial markets and instruments. It includes questions about bailouts, companies, economic terms, people in finance, ratings agencies, and securities regulations. The questions cover topics like non-performing assets, merchant bankers, mutual funds, stock exchanges, and takeovers.
This document provides information about the Afterschoool Centre for Social Entrepreneurship and its PGPSE program. The PGPSE program is a comprehensive course in social entrepreneurship and spiritual entrepreneurship available online or in-person. The program aims to promote entrepreneurship and social development. It has flexible specializations and is designed to help students become entrepreneurs rather than just employees.
UTI AMC is looking to raise Rs 2,160 crores through their IPO. UTI AMC is the second largest asset management company in India with a diversified portfolio. The company generates high margins of 31% but has seen declining revenues in recent years. While the IPO is reasonably priced compared to peers, the investment comes with risks of further revenue declines and portfolio underperformance that could impact the business. Investors must consider the company's strengths and risks factors carefully to determine if this IPO is suitable for their investment needs and risk tolerance.
Derivatives market attracts lot of people worldwide, and why not? It’s holds infinite potential. Learn everything about Derivatives with Findoc Prime. Want to learn more about trading? Register for Art of Options Trading seminar with Govind Jhawar on 15th-16th Feb 2020. For further details about the lifetime opportunity click the link: http://bit.ly/FDNewspaper
#sharemarket #mutualfunds #trading #stocks #FinDoc
This document contains a summary of 5 questions that appear on an exam for a capital expenditure (CAPEX) course.
The questions cover topics like:
1) Calculating working capital needs based on production and payment cycle details.
2) Determining economic order quantity for purchasing casting equipment.
3) Advising on whether to lease or purchase a machine based on costs and tax implications.
4) Calculating expected net present value and risk for acquiring an aircraft based on probability distributions of future cash flows.
5) Determining the optimal financing plan to maximize earnings per share for a new plant project based on debt levels and share price impacts.
1) Gilt funds are mutual fund schemes that invest in medium and long-term government securities and money market instruments.
2) The Reserve Bank of India provides gilt funds with liquidity support and access to various facilities like the call money market to help manage their short-term liquidity needs.
3) Gilt funds of both public and private sectors can avail of RBI's liquidity support if they have SEBI approval and meet other conditions like submitting applications and repayment agreements.
The document discusses various investment avenues available in the post-COVID era in India. It begins by outlining traditional asset classes like equity, bonds, gold, real estate, and mutual funds. It then provides statistics on the popularity of different investments in India. It notes that over 95% of Indians prefer bank deposits, while only 9.6% invest in mutual funds. The document then discusses each asset class in more detail, covering topics like equity investment and trading, types of bonds, uses of commodities like gold, real estate investment options, and benefits of mutual funds. Alternative investments like precious metals and cryptocurrency are also briefly mentioned.
Q2FY15: Cairn India reports 14% decrease in revenueIndiaNotes.com
Cairn India reported 14% decrease in revenue post profit sharing with the Government of India and the royalty expense in the Rajasthan block to `3982.05 crore in Q2FY'15 on account of lower volumes due to planned maintenance shutdown, realizations impacted by the softer global crude prices and higher profit petroleum tranche in Rajasthan
A rights issue allows existing shareholders of a company to purchase additional shares at a discounted price, raising capital for the company. Kingfisher Airlines approved raising Rs. 2,000 crore through a rights issue to help address its financial problems. An IPO is when a private company offers its shares to the public for the first time to raise money, such as Coal India's planned IPO to raise Rs. 15,000 crore. A subsequent public offering is when a company issues more shares after an IPO to raise additional capital.
- Asian Paints reported a 16.6% increase in income from operations to Rs. 3633 crore for Q2FY15 compared to Rs. 3115 crore for Q2FY14. Net profit increased 6.3% to Rs. 347.3 crore.
- Operating margins fell 160 bps to 14.8% due to increases in employee benefit expenses and other expenses. Cost of materials consumed remained flat at 55.8%.
- The managing director said double digit volume growth was witnessed across regions in decorative paints and the automotive coatings JV saw good growth. The international business saw growth in markets like Bangladesh, Nepal, and Oman.
- Indian stock indices edged up, led by gains in blue chip stocks on hopes the central bank would ease monetary policy to boost economic growth.
- Financial Technologies and Reliance Capital shares increased after announcements about transactions involving increasing ownership stakes in their companies.
- Asian stocks rose after US economic growth data reduced concerns about slowing global growth, while European shares also climbed on expectations of more eurozone monetary stimulus.
The document provides information on risk management modules C and D taught by M. Ravindran at the Indian Institute of Banking & Finance. Module C covers treasury management, including treasury products, risk management, and derivative products. Module D covers capital management, prudential norms, asset classification, provisioning, profitability, and profit planning. The document then provides detailed sections on topics from both modules, including money market instruments, yield curves, CRR/SLR, VaR, exchange rate quotation, and spot and forward transactions.
This document provides information on treasury management, capital management, and risk management concepts. It discusses treasury functions like meeting reserve requirements, cash management, and profit optimization. It also covers concepts like asset-liability management, interest rate risk, and hedging instruments. Specific financial instruments discussed include treasury bills, certificates of deposit, commercial paper, debentures, bonds, and repurchase agreements.
Top Financial Research is a leading share market advisory in Indore provides intraday tips, mcx free tips, free stock advice, online market tips, today market tips.
#FindocPrime #WeeklyNewspaper
This week brought with it a lot in the financial market. From the suspension of two more debt funds by #ABSL_MF for new investors to stock reports to insights on how to analyse Moats in Companies, Findoc Financial Services Group weekly newspaper has all it covered. Read all the notable updates in the financial market and get insights from industry experts only in Findoc Prime.
#FindocPrime #Financial #Markets #Stocks #ABSL #Investors #Stocks #Financialplanner #Financialcoach #Commodities #Assets #Wealth #Wealthplanner #Estates #Shares #Security
#Findocprime #Weeklynewspaper
The #Finance_Minister's address to the nation at 4 P.M today will provide clarification to a lot of doubts that the nation has been facing. Meanwhile, let's revisit all that has occurred in the financial world in the past week. From index funds being the next sought after investment option for retail investors to updates on the COVID-19 treatment to stock reports and educational pieces, FINDOC weekly newspaper has got it all covered.
For more news and updates, now subscribe to our weekly newspaper: https://zurl.co/9zKo
#moneymanagement #wealthmanager #wealthmanagers #financialplanner #financialplanners #financialplanning #financialcoach #financialcoaches #Financialpackage #IndiaPM #Announcement #Namo
#WeeklyNewspaper #FindocPrime
Know the reason behind the fall of India's Gold Demand, and how much investment did JIO platform receive, what's new on the stock market and special pieces of advice from our editors. Cover the A-Z of financial news over the last week in the FINDOC weekly newspaper.
For more news and updates, now subscribe to our weekly newspaper: https://zurl.co/9zKo
#moneymanagement #wealthmanager #wealthmanagers #financialplanner #financialplanners #financialplanning #financialcoach #financialcoaches
#WeeklyNewspaper #FindocPrime
From the latest update on the stock market to COVID-19's impact on the economy to special anecdotes by our editors, get updated with all that has occurred over the last week in the world of finance in FINDOC weekly newspaper.
For more news and updates, now subscribe to our weekly newspaper: https://zurl.co/9zKo
#Sharemarket #Mutualfunds #Trading #Stocks #FinDoc
A proactive move by the health ministry - procuring of hydroxychloroquine tablets recommended by ICMR & continue the journey to understand the derivative markets an easy way. For more news and updates, now subscribe to our weekly newspaper: https://zurl.co/9zKo
#Sharemarket #Mutualfunds #Trading #Stocks #FinDoc
A Much needed rate cut by the RBI in the time of crisis and further measures taken to reduce the burden on people. A review in detail by Mr Hemant Sood on decisions taken by the RBI and Much More. For more news and updates, now subscribe to our weekly newspaper: https://zurl.co/9zKo
#Sharemarket #Mutualfunds #Trading #Stocks #FinDoc
The document contains tables with information about stock prices and trading volumes, interest rates on pension funds, and the performance of tax saving mutual fund schemes. The stock price table lists symbols of companies, their last traded price, the price change, and increase in open interest. The pension fund table shows interest rates for different schemes over time periods from 3 months to 5 years. The tax saving mutual fund scheme table provides details like assets under management, and annualized returns for various schemes over 1, 2, 3, 5 and 10 year periods.
CBI registers criminal case against the founder of #YESBank, Rana Kapoor. The charges of criminal conspiracy, cheating and corruption under Indian Penal Code and Prevention of Corruption Act were levied on the founder. For more news and updates, click the link: https://zurl.co/9zKo
#Sharemarket #Mutualfunds #Trading #Stocks #FinDoc
#WeeklyNewspaper #FindocPrime
RBI directs banks to link all the new floating rate loans to medium enterprises with external benchmarks. The direction will be effective from 1st April 2020. For news and updates, Click on the Link: https://zurl.co/9zKo
#Sharemarket #Mutualfunds #Trading #Stocks #FinDoc
#WeeklyNewspaper #FindocPrime
Retirement plans can also help in tax deduction. Are you wondering how? National Pension Scheme #NPS Tier-1 offers tax deduction up to 50,000 per year. Now invest for retirement and save tax as well. The much awaited #IPO of #SBIcards is coming- check out the details in our weekly newspaper.
Click the link: https://zurl.co/9zKo
#Sharemarket #Mutualfunds #Trading #Stocks #FinDoc
#FindocPrime #WeeklyNewspaper
1. Government clears 540cr investment stuck in residential properties.
2.On the city front, Ludhiana witnessed an interactive seminar on #OptionsTrading by renowned financial trainer, Mr. Govind Jhawar in collaboration with Findoc. For more news on economy and financial market,
Click the link: https://zurl.co/9zKo
#Sharemarket #Mutualfunds #Trading #Stocks #FinDoc
The REPO Rate remains unchanged in the first policy meet after budget 2020. The unchanged REPO Rate may lead to increase in inflation from 5.1% to 6.5%. On the other hand, Finance Minister Smt. Nirmala Sitharaman stated that GST collection of three amounted 1 lakh crore each month.
For latest news and updates click the link: https://zurl.co/9zKo
#Sharemarket #Mutualfunds #Trading #Stocks #FinDoc
Good news for people with annual income of 15lakhs and less. The proposed changes by the Finance Minister in tax slab and tax rate will give relief to the middle class. All in all a balancing budget for the Indian economy. For more news and updates, click the link: http://bit.ly/FDNewspaper
#sharemarket #mutualfunds #trading #stocks #FinDoc
Government has disbursed 70,000 crore loan amount till Jan 13, 2020 under MSMEs scheme. India China bilateral trade continues at steady growth. For more news and updates click the link: http://bit.ly/FDNewspaper
#sharemarket #mutualfunds #trading #stocks #FinDoc
Breaking news. Yes Bank board approved fundraising of 10,000 crores and rejected Erwin Singh Branch’s offer. For more news and updates, click the link:: http://bit.ly/FDNewspaper
#sharemarket #mutualfunds #trading #stocks #FinDoc
#WeeklyNewspaper
Breaking news: HDFC to raise up to 5,000 crore via Debentures at 7.50% rate. Whereas, GST collection rises to 1.03 lakh crore in December. For more news and updates, click the link: http://bit.ly/FDNewspaper
#sharemarket #mutualfunds #trading #stocks #FinDoc
RBI purchases worth 10,000Cr long-term government securities in second OMO. The simultaneous sale and purchase of securities is in its 2nd phase where RBI offered to sell four securities and accepted big of three. For lastest market updates click the link: http://bit.ly/FDNewspaper
#sharemarket #mutualfunds #trading #stocks #FinDoc
The document provides a stock market report including:
1) Details of stock prices, market capitalization, returns and profits for various companies.
2) Details of changes in stock prices and open interest for various companies.
3) Performance of key stock market indices in India and globally.
4) Details of foreign institutional investments and mutual fund flows in India.
5) Summary of key commodity prices and currency movements.
#WeeklyNewsPaper
Inflation increases to 5.54% in November. IRB Infrastructure approves allotment of NCDs worth Rs 1,400 crore on private placement bases.
For more news click the link: http://bit.ly/FDNewspaper
#sharemarket #mutualfunds #trading #stocks #FinDoc
#WeeklyNewsPaper
Latest News: Reserve Bank keeps Repo Rate unchanged at 5.15%. GST council may raise base rate to 10% from 5% that will move 243 items to 18% slab.
For more news click the link: http://bit.ly/FDNewspaper
#sharemarket #mutualfunds #trading #stocks #yesbank #FinDoc
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
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How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
10 june 2020
1. YEAR -1 | Vol 1 | Issue 41 | Ludhiana | Price Rs.2/- Wednesday 10 June, 2020
DERIVATIVES DECODED
by Nitin Shahi
We have discussed all about
derivatives, futures and options. We
covered types of options calls and
puts, we also discussed the usage of
futures, calls and puts. We also
discussedtheGreekofoptions.While
discussing every topic we discussed
thepayoutgraphsofeveryproduct.
With all these discussions we now
understand the basic theory of derivatives. We
understand that the derivatives can be used by
speculators, hedgers and arbitrageurs. We
discussed the concept of beta while
understanding the hedging of portfolio with
futures and options. Now we will discuss some
simple strategies that can be used by every one
who is trading. Many of you would be using these
products and can be a stepping stone for
beginners.
The most used product in derivatives is covered
call.
Covered call is a product used by investors and
tradersaswelltoreducethecostoftheirholding.
Let us exemplify to understand the concept, let us
assume Mr. X owns 250 shares of TCS and he
bought the shares at say 1800. He is a long term
investorandwantstoremaininvestedinthisstock
for a longer period of time. On 5 June,
2020 the stock is trading at Rs. 2053.
Thecalloptionof2200istradingatRs.
16.5 per share and 2250 call option is
trading at 10.25 per share on June 5.
He sells one lot of 2250 @10.25.
There may be three scenarios on
expiry
Scenario1
In the above example by selling call option of
2250. @10.25 Mr. X has practically booked his
profit at 2260.25, which means if the price of TCS
crosses2260.25hewilltenderhisdeliveryofthe
existing stock and book a profit of 460.25 per
sharetherebybookingaprofitof22.79%onhis
investment Purchase Price Qtty Strike price
premiumCMP(onexpiry)
1800 2502250 10.25 2300
ProfitinUnderlying Rs.500
PremiumtobepaidbackRs.100
Netprofit Rs.400
AddpremiumearnedRs.10.25
————-
Totalprofit Rs.410.25
ROI 410.25/1800*100=22.79%
Scenario2
In case the price of TCS do not cross 2250 in the
monthofJunehewillearnapremiumof2562.5
for the month of June only. The annualised return
on investment is 6.25% without making any extra
effort as the broker accepts stock in margin and
also this helps in reducing the cost by Rs.10.25,
this further means that in above example the cost
of purchase will be 1789.75 (1800-10.25)
Purchase Price Qtty Strike price premium CMP (on
expiry)
1800 2502250 10.25 2000
ProfitinUnderlyingRs.200
PremiumtobepaidbackRs.0
NetprofitRs.200
AddpremiumearnedRs.10.25
————-
Totalprofit Rs.210.25
ROI 210.25/1800*100=11.68%
Additionally the cost of underlying will reduce by
10.25pershare.
In case the stock falls below purchase price in that
case also Mr. X will reduce cost of purchase and he
has the right to sell the stock at a price not below
1800
Scenario3
Purchase Price Qtty Strike price premium CMP (on
expiry)
1800 2502250 10.251700
ProfitinUnderlyingRs.-100
PremiumtobepaidbackRs.0
Netprofit Rs.-100
AddpremiumearnedRs.10.25
————-
Totalprofit Rs.-89.75
ROI 89.75/1800*100=-4,98
Kindly note that he would have lost 5.55 percent if
callwasnotsold.
In all the scenarios, if the investor or trader has
made up a mind of exiting the position at a
particular price, he may chose to sell the call of
thatparticularprice.Samewayifsomeonedo
not hold one lot of a particular stock, but holds a
bigportfolio,hemayhedgehispositionby
sellingcallofindexoptions
Coveredcallcanbegraphicallydepictedas
Formoredetailsyoumaycontactmeat
cfpnitinshahi@gmail.com
Brief Headlines:
Hero MotoCorp | Company reported a standalone profit at Rs 621 crore the fourth quarter
of FY20 as against Rs 730.32 crore in same period last year, a decline of 15 percent. The
significant fall in tax cost (down 91.5 percent YoY) helped limit the decline in bottomline.
Revenue from operations for the quarter stood at Rs 6,238 crore, falling 21 percent year-on-
year, impacted by lower sales volumes, which declined 25 percent year-on-year to 13.35
lakhunitsduringtheMarchquarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) plunged 38.3 percent
toRs660croreandmargindipped300bpsto10.6percent.
Aarey Drugs | LTS Investment Fund sold another 1,75,000 shares of the company at Rs 17.80
pershare.
Tourism Finance Corporation | Anirudh Damani sold 5,53,005 shares of the company at Rs
39.17pershare.
UniplyIndustries|SatpalKhattarsold9lakhsharesatRs6.09pershare.
REC | UBS Principal Capital Asia bought 2.2 crore shares at Rs 102.25 per share. However,
Eastspring Investments - Developed and Emerging Asia Equity Fund sold 1,33,50,472 shares
atRs102.25pershare.
Cupid | The company received a repeat order from the Medical Stores Department,
GovernmentofTanzaniaforthesupplyofmalecondomsworthRs23.61crore.
Gujarat Pipavav Port Q4 | Profit was at Rs 47.2 crore versus Rs 50.6 crore in the year-ago
period,revenuestoodatRs161.9croreversusRs180.1crore.
Maruti Suzuki | Production in May stood at 3,714 vehicles against 1,51,188 vehicles in May
2019.
eClerx Services Q4 | Profit stood at Rs 55.4 crore versus Rs 59.2 crore in the year-ago period,
revenuewasatRs350.93croreversusRs365.1crore.
Wipro | The company collaborated with Amazon Web Services to extend DevOps
capabilities.
Bombay Dyeing Q4 | Profit stood at Rs 48.57 crore versus Rs 1,192.6 crore in the year-ago
period,revenuewasatRs313.10croreversusRs2,786.36crore.
KRBL Q4 | Profit stood at Rs 149.68 crore versus Rs 138.53 crore in the year-ago period,
revenuewasatRs1,062.50croreversusRs1,196.41crore.
GraphiteIndia|Companyreporteda94.14percentdeclineinnetprofitatRs25croreforthe
fourth quarter ended March 2020, impacted by COVID-19 pandemic and subsequent
disruptions in the market. The company had posted a net profit of Rs 427 crore in January-
Marchquarterlastfiscal,GraphiteIndiasaidinaregulatoryfiling.
TeamLease Services | Company reported a consolidated net loss of Rs 29.43 crore for the
fourthquarterendedMarch31,mainlyonaccountofhighertaxes.Thecompanyhadposted
anetprofitofRs26.02croreforthesameperiodpreviousfiscal,TeamLease
Services said in a BSE filing. The total revenue stood at Rs 1,345 crore for the quarter under
consideration.ItwasRs1,168.57croreforthesameperiodayearago.
JM Financial | Company has launched a qualified institutional placement, or QIP, with an
indicative issue size of $101.8 million, or up to Rs 770 crore, sources in the know told
Moneycontrol. The QIP has been launched at an indicative price of Rs 70 per share, which
represents a 1.41 percent discount to the last closing priceon June 9, according to one of the
personscitedabove.AnotherpersonconfirmedtheQIPdetails.
Bharti Airtel | Company's wholly-owned subsidiary, Bharti International (Singapore) Pte Ltd,
bought an additional 6.3 percent stake in Bangladesh’s second-largest telecom operator,
RobiAxiataLtdforanundisclosedamountfromJapanesetelecommajorNTTDocomoInc.
Yes Bank | Bank on June 9 said that Madhu Kapur, wife of the bank's late co-founder
AshokKapur,andherfamilyhavewithdrawnacasefiledagainstitin2013.Thecasewas
filedbyKapurwhenthefamilywaslockedinapitchedbattlewiththebank,then
headedbyRanaKapoorwhowassubsequentlydismissedbyRBIin2018.
S u p r e m e
Courttodecideif
NBFCs can offer
moratorium If
the sector can
give relief, many
realtors are likely
tobenefit
The realtors
association had
also pleaded that the government and RBI should
clarify whether the circular on moratorium was
binding or discretionary. The RBI circular had
indicated it was not binding, whereas RBI governor
ShaktikantaDashadstateditwasbinding.Acircular
by the RBI dated March 27 has allowed banks to
give such a moratorium but a realtors body wants
to know whether NBFCs can also offer such relief. A
bench of Justices Ashok Bhushan, M.R.Shah and V.
Ramasubramanium on Tuesday posted the matter
forhearingonJune12.
The court was dealing with a petition filed by
the Confederation of Real Estate Developers’
Association of India (CREDAI) which had sought a
clarification as real estate developers can take
advantage of the moratorium if it applied to NBFCs
from whom they had taken huge loans. The
moratorium was valid till May but has now been
extended till August.The realtors association had
also pleaded that the government and RBI should
clarify whether the circular on moratorium was
bindingordiscretionary.
The RBI circular had indicated it was not
binding,whereasRBIgovernorShaktikantaDashad
stated it was binding.The Supreme Court on April
30 had directed th Reserve Bank of India to ensure
the moratorium be implemented in “letter and
spirit”.The apex court had passed the earlier order
on a batch of PILs pleading that banks should not
adopt any coercive step to recover dues and must
abidebythecircular.
The circular allows banks to declare a three-
month moratorium on all term loans outstanding
as on March 1, 2020, as well as on working capital
facilities. According to the realtors, the circular was
not clear on the duties of NBFCs as many
organisations and business houses had availed
loans from them. The regulatory measures were
intended to mitigate the burden of debt servicing
brought about by disruptions on account of the
Covid-19 pandemic and to ensure the continuity of
viablebusinesses.
It was felt that there may be a temporary
disruption in the cash flows and in some cases loss
of income for the businesses and individuals.The
moratorium will work to bring relief to the
businesses and individuals. The apex court is also
hearing another case on the moratorium that
relates to whether the relief applies to interest on
theloans.
Supreme Court to decide if NBFCs can offer moratorium
HDFC, LTFH, LIC HOUSING FINANCE, India Bulls etc In Focus this week
2. Wednesday 10 June, 2020
Owner & Publisher FINDOC CAPITAL MART PRIVATE LIMITED, Printed by Rakesh Kumar Prop. of Bhagotra Printers , 111 Sukhdev Market, Back Side Kailash Cinema,
Nr. Petrol Pump, Civil Lines, Ludhiana and Published at 5th Floor, Kartar Bhawan, Nr. PAU Gate No.1, Ferozepur Road, Ludhiana. By Nitin Shahi, Editor of Findoc Prime.
Stock Report
Derivative Analysis
Global economy to shrink 5.2% this
year due to coronavirus pandemic
OPEC & its allies agree to cut oil
production by about 10% till July:
@David
MalpassWB
GThe global
e c o n o m y,
which has
plunged into
a s e v e r e
contraction,
will shrink by 5.2 per cent this year due to
the massive shock of the coronavirus
pandemic and the shutdown measures to
contain it, the World Bank said Yesterday.
The coronavirus recession is the first since
1870 to be triggered solely by a pandemic,
World Bank President David Malpass said in
his foreword to the latest edition of the
Global Economic Prospect report released
inWashingtonYesterday.
According to the report, economic
activity among advanced economies is
anticipated to shrink by seven per cent in
2020 as domestic demand and supply,
trade and finance have been severely
disrupted.
Emerging Markets and Developing
Economies (EMDEs) are expected to shrink
by 2.5 per cent this year, their first
contraction as a group in at least 60 years, it
said. Per capita incomes are expected to
decline by 3.6 per cent, which will tip
millionsofpeopleintoextremepovertythis
year,accordingtothereport.
According to World Bank President
Malpass, beyond the staggering economic
impacts,thepandemicwillalsohavesevere
and long-lasting socio-economic impacts
that may well weaken long-term growth
prospects -- the plunge in investment
because of elevated uncertainty, the
erosion of human capital from the legions
of unemployed and the potential for
rupturesoftradeandsupplylinkages.
The current projections suggest that the
coronavirus recession will involve a decline
in global per capita Gross Domestic Product
(GDP)by6.2percent,makingitthedeepest
global recession since 1945-46, and more
than twice as deep as the recession
associated with the global financial crisis,
thereportsaid.
Current forecasts suggest that in 2020,
the highest share of economies will
experience contractions in annual per
capitaGDPsince1870,itsaid.
Economic Calendar
FILE PICOrganization of the
Petroleum Exporting Countries
(OPEC) and allied nations have
agreedtoextendaproductioncutof
nearly 10 million barrels of oil a day
through the end of July, hoping to
boost energy prices hard hit by the
Coronaviruspandemic.
Ministers of the cartel and
outside nations like Russia met via
video conference to adopt the
measure, aimed at cutting out the
exc e s s
product
i o n
depress
i n g
p r i c e s
a s
g l o b a l
aviation
remains
largely
ground
ed due
t o t h e
pandem
ic. It represents some 10 per cent of
theworld'soverallsupply.
Algerian Oil Minister Mohamed
Arkab, the current OPEC president,
warned attendees that the global oil
inventory would soar to 1.5 billion
barrelsbythemid-pointofthisyear.
The decision came in a
unanimous vote, Energy Minister
Suhail al-Mazrouei of the United
ArabEmirateswroteonTwitter.
Positive for ONGC, Oil India & Reliance
3. Wednesday 10 June, 2020
A confident leader can lead the team from
frontandifhehimselfisconfidentwholeofthe
teamwaitsforhisdecision.
A successful leader takes a lot of decisions
some decisions are right and some may go
wrong.
With every right decision his confidence
increases and a leader whose majority of
decision are right is respected and in times
when a advice is needed he is treated as
decisionmaker.
As a leader your team looks at you to take
decision and if the leader is confident, the
morale of the team remains on top of the
world. The team always remain zealous and
enthusiasm remains uplifted. Besides being
confident, he must be humble, ready to tackle
failure and own responsibility, always lead
fromthefront.
A paper presented at Working Collaboratively
for Sustainability International Conference,
Seattle University, Seattle, Washington, April
12, 2009 Says “Transcendent leadership,
grounded in servant leadership, offers a
pathway to increased trust necessary for
global sustainability. Transcendent leadership
offers a more inclusive and consensual
decision making process for the economic,
social, and environmental sectors, moving
beyond a singular focus on the bottom line of
profits to a multiple focus on the triple bottom
linesofprofits,people,andplanet.”
I find one such leader in our ex cricket captain
M S Dhoni who is said to be a lucky captain, but
luck can not favour in series of cups which has
international acknowledgments. Under his
leadership a India won twenty 20 World Cup,
ICC World Cup Asia cup and many more
trophies,besidesbeingagreatstumperhewas
a great observer with lightning decision
making power. He had enough courage to take
riskandhealwaysledfromthefront.
Few such decisions which were full of his
confidence I would like to share which made
Indianfortuneinthecricket.
In 2007, he asked Joginder Sharma to bowl
crucial 20th over in twenty 20 World Cup final
against Pakistan. He had the option of
Harbhajan Singh to bowl the last over, Pakistan
needed 13 runs to win and in form batsman
Misbah UL Huq was on creeze. Joginder
bowled Misbah ul huq and India won the title.
Than he told that Huq plays spin attack very
well and Harbhajan was already expensive in
that match, so he opt out Harbhajan Lt bowl
lastover.
India was struggling in World Cup Final of 2011
and lost early wickets of Sachin and Sehwag,
when Gambhir and Virat gave some strength
to Indian Cricket team. Virat got out when the
score was 114 for lost of 3 wickets. Though
Yuvraj was in form batsman, he decided to go
up the ladder himself, led the team from the
front and won the match. Dhoni scores
unbeaten 91. Dhoni gave two reasons, one he
wanted a combination of left and right
batsman where Gambhir was a left hand
batsman and he himself was right hand
batsman. Though Yuvraj was also a left handed
batsman. Second reason which was more
important is that Dhoni and Muralitharan the
classic spinner of Sri Lanka were playing in IPL
undersameteamandhehad
faced Marali so many times, so it is better to
upgradehimselfinbattinglineup.
There is list of such bold decisions that he had
taken for the betterment of the country which
must be applauded and must be considered as
a confident leader and at the time of futility,
leaderhastoleadfrom
front and the confidence of leader to take a
decisionorriskonlycansave.
Thus a leader has to be active, supportive,
humble able. To face failures and decisive for
beingsuccessful.
by Nitin Shahi
The wisdom tooth
The most important character of a good and successful leader is to be confident.
RESULTS PREVIEW (value in millions)
Disclaimer : The Opinions expressed are not any recommendations to buy/sell and are findings of a material. Moreover we urge our subscribers
& readers to consult their investment advisor before investing
Disclaimer: The report only represents personal opinions and are for educational purposes. No part of the report should be considered as recommendation for buying/selling any stock.
Sell 1335-1330 Sl - 1355 Tgt - 1300-1280Sell 10150-10100 Sl- 10200 Tgt- 9800-9600
Buy 145-148 Sl- 135 Tgt - 165-175
Buy Near 560 Sl- 545 Tgt- 590-610
Nifty Bank Kotak Bank
Rbl Bank
Bharti Airtel
4. Wednesday 10 June, 2020
Larsen Toubro Infotech Ltd is one of the IT
majors in India. The company ranks in top 6 IT-
BPMplayersofIndia.
(A)ExecutiveManagement
(I) A.M. Naik – Group Chairman – Age 78
years
Mr. Anil ManibhaiNaik joined L&T as a
Junior Engineer in 1965. He rapidly rose to
positions of increasing responsibility as he
moved from General Manager to MD & CEO.
Eventually, leading to his appointment as
Chairman & Managing Director on December
29, 2003. Effective April 2012, the Board of
Directors extended Mr.Naik’s tenure as Group
Executive Chairman.Under his leadership, L&T
expanded its portfolio into new age businesses
like information technology & engineering
services.
(ii) Mr Sanjay Jalona – CEO & Managing
Director–Age51years
He joined the company in 2015. Prior to
joiningL&TInfotechheheldthepositionofEVP
& Global Head of High-Tech, Manufacturing
and Engineering Services business at Infosys. In
Infosys,heheldvariousleadershippositionsfor
15 years. He also worked with Gemplus&
Wipro. Mr Sanjay holds engineering degree
from BITS Pilani.His remuneration for FY19 is
Rs.21.03crore&Rs.13.97croreforFY18.
(iii) Mr.SudhirChaturvedi – WTD &
President–Sales–Age49years
He holds engineering degree from Pune
University as well as double MBAs in Marketing
and Finance from Symbiosis Institute of
Business Management in Pune and from Leeds
University in UK. Mr.Sudhir has over 25 years of
industry experience across Sales, Business
Development, Consulting and Delivery
Operations. He spent more than 13 years at
Infosys in various leadership positions.He
joined L&T Infotech in 2016. Prior to LTI, he was
the Chief Operating Officer at NIIT
Technologies where he was responsible for
worldwide sales and delivery for technology
andbusinessservices.
His remuneration for FY19 is Rs. 10.80
crore&Rs.9.75croreforFY18.
(B) Revenue segments as per IT Services &
Solutions
ADM=Applicationdatamanagement
(C) Growth of L&T InfotechIT services &
solutionsrevenue
(D) Revenue as per Business Verticals of L&T
Infotech
*BFS-Banking&FinancialServices
*CPG-ConsumerPackagedGoods
(E) Growth of revenue of Business
Verticals
(F)RevenuebyGeography
(G)DigitalRevenueofL&TInfotech
40.30% of the company’s revenue is from
digitalbusiness.Thisratiowas26%forFY17.
(H)ClientContributiontoRevenue
L&T Infotech has 424 clients as on 31 March
2020 as against 343 as 31 March 2019. The
company’ client count as on 31 March 2017
was around 250. More than 95% revenue is
fromexistingclientseachyear.
(I) Acquisitions & Partnerships during
FY20
•May 2019: Syncordis S.A., company’s
wholly owned subsidiary, announced a
strategic global partnership with ‘Temenos’.
Thus, enabling Syncordis to seamlessly offer an
array of Temenos certified services to banks
acrosstheglobe.
•July 2019: Further, the company
announced to acquire Lymbyc Solutions Pvt
Ltd, headquartered in Bangalore. The
acquisitionamountedtoINR380million.
Lymbyc has an Al led predictive insights
platform. It is driven by an adaptive machine
learning engine providing differentiated
analytics solutions to clients across industry
segments.
•Oct 2019: Moreover, the company
acquired PowerupCloud Technologies Pvt Ltd.
The acquired entity is an AWS Premier
Consulting partner with capabilities in Cloud
Consulting, migration, cloud native application
development and managed services.
PowerupCloud also specializes in Azure and
GCP Cloud platforms. The cash consideration
amountedtoUSD15million.
(J)Outlook
•For FY21, management is confident over
ramp up of deals won during 2nd half of FY20.
In Q4 FY20, company announced 2 large deal
wins with total estimated contracted value of
USD 113 million. One deal is with a
G o v e r n m e n t M i n i s t r y f o r d i g i t a l
transformation. The other deal on the other
hand, is with an European retail client for
managingITapplications&infrastructure.
•Till FY20, management’s guidance on
sustainablemarginremained14-15%
•For FY21, management did not provide
marginguidance.
•Also, the Management does not provide
toplinegrowthguidance.
•Management aims to grow its top line on
the basis of deal wins & acquisitions
capabilities with a sustainable margin
percentage.
•Also, company’s digital business growth
expects to bring higher realizations. This is led
by opportunities in cloud initiatives, work from
homeoperations.
(J) Current challenges due to COVID-19
Pandemic
•L&T Infotech foresees biggest challenges
in overall slowdown of BFSI segment,
manufacturing companies and oil & gas. Oil &
gas segments also gets impacted due to steep
fallinoilprice.
•Consumer packaged goods and retail
segmentsshallnotbeimpactedmuch.
•Fundamental business models for IT
services had been shaken during COVID-19
crisis and work from home would be part of the
futureofITservices.
•Further growth is dependent on clients
transforming to cloud infrastructure &
requirementofstrongdigitalITservices.
Disclaimer: The report only represents
personal opinions and views of the author. No
part of the report should be considered as
recommendationforbuying/sellinganystock.
L&T Infotech: Digital Business Growth Story
By CA Paras Behl
Head Equities - PA Wealth Advisors
blog.pawealthadvisors.com
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Disclaimer: The report only represents personal opinions and are for educational purposes. No
part of the report should be considered as recommendation for buying/selling any stock.
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