This document provides a summary of the top 10 news stories of the day from 9 September 2019. The stories include:
1) RTI response revealing 2,480 fraud cases involving Rs. 32,000 crore impacted 18 public sector banks in the first quarter, with SBI the most impacted.
2) Flipkart signing an MOU to help artisans and craftsmen in Jharkhand set up online businesses.
3) PNB putting 11 NPA accounts up for sale to recover over Rs. 1,234 crore in dues.
4) SBI seeking issuance of 147 Look Out Circulars in the last 5 months for bank fraud cases.
5)
The document provides a summary of the top 10 things to know from November 7th, including:
1) Lupin plans to seek re-inspection of its Goa and Somerset plants by the USFDA by March 2020.
2) Indiabulls Housing Finance reported a 32% decline in Q2 net profit.
3) Moody's placed Yes Bank's ratings under review for a possible downgrade.
The document provides information on recent economic developments in India:
- Major Indian banks like SBI, IDBI and IndianBank will link floating rate loans for MSMEs, housing and retail to the repo rate starting October 1st, 2019.
- Bank credit to MSMEs has grown at 15% annually over the last decade, with services accounting for over 60% of total MSME credit. As of July 2019, outstanding MSME credit totalled Rs. 10.47 lakh crores.
- Incremental bank credit to MSMEs contracted by 1.8% from March to July 2019, an improvement from the 2.5% contraction in the same period last year.
This document provides stock picks and sector developments for the 4th week of December 2019. It recommends buying three stocks - Auro Pharma at 473, Cadila Healthcare at 260, and M&M at 540 - with potential target prices. It also includes sector news updates on banking, media, energy, IT, and pharma. Charts are provided analyzing the technical patterns for the recommended stock purchases. The document ends with a disclaimer about the information provided.
E-commerce companies in India are expected to see sales of up to $6 billion during the upcoming festive season, according to consulting firm RedSeer. In the first phase of festive sales, companies saw sales of close to $3 billion, up 30% from the previous year. A drug manufacturing facility of Bliss GVS Pharma in India cleared an inspection by the USFDA. The domestic steel industry has asked the government to continue imposing anti-dumping duties on certain steel products imported from China, Malaysia, and South Korea. Fintech startup Shubh Loans received a license from the RBI to set up a non-banking financial company.
HCL Technologies launches dedicated Google Cloud business unit to accelerate cloud adoption worldwide. India will appeal a WTO panel ruling that held its export incentive schemes are inconsistent with global trade norms. SEBI directs listed banks to disclose any bad loan provisioning divergence within 24 hours of receiving RBI's risk assessment report. Airtel slashes broadband plan prices by up to 10% and loads additional data.
1. SEBI has permitted mutual funds to create segregated portfolios of unrated debt instruments subject to certain conditions.
2. DLF reported a 19% rise in Q2 profit to Rs. 445 crore and appointed Vivek Anand as group CFO.
3. Cipla expects to end the fiscal year with gross margins of 65-66% and EBITDA margins of 18-20% led by new launches in the second half.
Union Bank of India has sanctioned loans worth Rs 3,000-4,000 crore in the first phase of the government's credit outreach program. Indiabulls Housing Finance has filed a criminal complaint against certain individuals for allegedly spreading false news about the company. State-run Nalco said coal shortages have severely impacted its aluminium production, with three units of its power plant shut down and a fourth expected to shut down due to lack of coal.
1. The USD/INR currency pair is expected to trade sideways with a positive bias around 70.8-71.47 in the coming weeks. On Friday, USD/INR showed a recovery from lower levels and ended with an upward "Hammer" candlestick pattern, suggesting a mild bounce is likely in the coming days.
2. India's Finance Minister said there are currently no plans to revise the country's fiscal deficit target, though experts believe it will widen due to corporate tax cuts.
3. Industry leaders expect the recent reduction in corporate tax rates to boost the economy and lead to a faster turnaround, though focus is now needed on spurring demand.
The document provides a summary of the top 10 things to know from November 7th, including:
1) Lupin plans to seek re-inspection of its Goa and Somerset plants by the USFDA by March 2020.
2) Indiabulls Housing Finance reported a 32% decline in Q2 net profit.
3) Moody's placed Yes Bank's ratings under review for a possible downgrade.
The document provides information on recent economic developments in India:
- Major Indian banks like SBI, IDBI and IndianBank will link floating rate loans for MSMEs, housing and retail to the repo rate starting October 1st, 2019.
- Bank credit to MSMEs has grown at 15% annually over the last decade, with services accounting for over 60% of total MSME credit. As of July 2019, outstanding MSME credit totalled Rs. 10.47 lakh crores.
- Incremental bank credit to MSMEs contracted by 1.8% from March to July 2019, an improvement from the 2.5% contraction in the same period last year.
This document provides stock picks and sector developments for the 4th week of December 2019. It recommends buying three stocks - Auro Pharma at 473, Cadila Healthcare at 260, and M&M at 540 - with potential target prices. It also includes sector news updates on banking, media, energy, IT, and pharma. Charts are provided analyzing the technical patterns for the recommended stock purchases. The document ends with a disclaimer about the information provided.
E-commerce companies in India are expected to see sales of up to $6 billion during the upcoming festive season, according to consulting firm RedSeer. In the first phase of festive sales, companies saw sales of close to $3 billion, up 30% from the previous year. A drug manufacturing facility of Bliss GVS Pharma in India cleared an inspection by the USFDA. The domestic steel industry has asked the government to continue imposing anti-dumping duties on certain steel products imported from China, Malaysia, and South Korea. Fintech startup Shubh Loans received a license from the RBI to set up a non-banking financial company.
HCL Technologies launches dedicated Google Cloud business unit to accelerate cloud adoption worldwide. India will appeal a WTO panel ruling that held its export incentive schemes are inconsistent with global trade norms. SEBI directs listed banks to disclose any bad loan provisioning divergence within 24 hours of receiving RBI's risk assessment report. Airtel slashes broadband plan prices by up to 10% and loads additional data.
1. SEBI has permitted mutual funds to create segregated portfolios of unrated debt instruments subject to certain conditions.
2. DLF reported a 19% rise in Q2 profit to Rs. 445 crore and appointed Vivek Anand as group CFO.
3. Cipla expects to end the fiscal year with gross margins of 65-66% and EBITDA margins of 18-20% led by new launches in the second half.
Union Bank of India has sanctioned loans worth Rs 3,000-4,000 crore in the first phase of the government's credit outreach program. Indiabulls Housing Finance has filed a criminal complaint against certain individuals for allegedly spreading false news about the company. State-run Nalco said coal shortages have severely impacted its aluminium production, with three units of its power plant shut down and a fourth expected to shut down due to lack of coal.
1. The USD/INR currency pair is expected to trade sideways with a positive bias around 70.8-71.47 in the coming weeks. On Friday, USD/INR showed a recovery from lower levels and ended with an upward "Hammer" candlestick pattern, suggesting a mild bounce is likely in the coming days.
2. India's Finance Minister said there are currently no plans to revise the country's fiscal deficit target, though experts believe it will widen due to corporate tax cuts.
3. Industry leaders expect the recent reduction in corporate tax rates to boost the economy and lead to a faster turnaround, though focus is now needed on spurring demand.
Boris Johnson sent an unsigned letter to the EU requesting a Brexit extension as required by law, though he wants to leave by the October 31 deadline.
Thomas Cook India's domestic leisure business is growing at 25% annually, outpacing its outbound segment, and it does not expect the collapse of UK's Thomas Cook to impact its operations.
Shree Cements' September 2019 net sales were up 5.22% year-over-year to Rs 3,004.45 crore, while net profit increased 414.1% to Rs 310.62 crore over the same period.
The document provides a weekly stock picks report for the third week of February 2019. It recommends buying three stocks - Wipro at Rs. 245.50, Divis Labs at Rs. 1850, and Mindtree at Rs. 770. It estimates the potential portfolio return based on equal investment in each stock. The document also provides a weekly sector developments report, with news briefs on banking, media, energy, IT, and pharma sectors. It includes analysis and arguments for buying the three recommended stocks. The document ends with legal disclaimers around risks of investment decisions.
The document provides a summary of 10 news stories:
1. National Housing Bank has an exposure of Rs. 2,435 crore to DHFL as of March 2019.
2. Torrent Pharmaceuticals received a warning letter from the US FDA regarding its facility in Gujarat.
3. Motilal Oswal has adopted an NLG platform to generate customized multi-lingual portfolio reports.
4. A security flaw was detected on Just Dial that could allow hackers to access over 156 million user accounts.
1. The Sensex and Nifty indices ended higher on the day, gaining 2.83% and 2.89% respectively, led by gains in banking, infrastructure and auto stocks.
2. BPCL and Bajaj Finance were the top gainers on the indices, while Zee Entertainment and Infosys were among the top losers.
3. Trading activity was high in HDFC Bank, ICICI Bank, and Maruti Suzuki during the session.
The RBI approved trading of rupee derivatives with settlement in foreign currency at the International Financial Services Centre in GIFT City, Gujarat on October 4, 2019. This is expected to improve revenue prospects for onshore international exchanges located in GIFT-IFSC by attracting some offshore currency derivatives trading onshore. It also aims to make exchange rate management more effective and reduce disjointed price discovery. The decision was made in light of sharp growth in offshore rupee trading volumes exceeding onshore volumes, with around 50% of rupee derivatives traded offshore in exchanges like DGCX and SGX.
The document summarizes key points about the logistics sector in India:
1) The logistics sector is fundamental to India's economic development and is expected to reach $215 billion by 2020, driven by growth in manufacturing, retail, FMCG and e-commerce.
2) Transportation accounts for over 85% of the logistics sector currently, though development of infrastructure may improve efficiency over time.
3) The government has set a target to reduce India's high logistics costs from 14% to 9% of GDP by 2022 through coordinated efforts across various transportation ministries.
This document provides a weekly stock picks report for the third week of February 2019. It recommends buying shares of Tata Motors at Rs. 200 with a target of Rs. 220, Balkrishna Industries at Rs. 1120 with a target of Rs. 1140, and Mahindra & Mahindra at Rs. 570 with a target of Rs. 590. It also includes sector developments on banking, media, energy, telecom, and pharma. Finally, it provides technical analysis justifying the stock pick recommendations.
This document summarizes a study analyzing the impact of India's new corporate tax regime on 2,377 companies that had positive profits before tax in fiscal year 2019. Some key findings of the study include:
- The new 25.17% corporate tax rate would result in estimated tax savings of Rs. 41,555 crore for 1,192 companies previously paying over 25.2% tax.
- Total tax paid by the 2,377 companies was Rs. 2.37 lakh crore at an effective tax rate of 27.5%.
- Private banks could see tax savings of Rs. 12,000 crore, allowing potential lending capacity of Rs. 1.2 lakh crore if reserves are increased
The document summarizes investment patterns of Indian mutual funds in October 2019. It notes that the largest share (47%) of debt assets under management (AUM) were invested in short-term instruments under 90 days. The second highest category was corporate debt papers at 27.4% of debt AUMs. It also analyzes fund deployment across various debt instruments like commercial papers, government securities, and exposures to sectors for equity AUMs.
- Rana Kapoor's promoter firm Yes Capital offloaded shares in Yes Bank, leaving Kapoor with ownership of only 900 shares compared to his previous stake.
- Sebi issued directions on margins collection in the cash segment, requiring trading and clearing members to compulsorily collect certain margins from clients upfront.
- Anil Ambani's Reliance Capital said its shareholding in subsidiary Reliance General Insurance was transferred to IDBI Trustee Services upon invocation of pledge.
This document provides a weekly stock picks report for the third week of October 2019. It recommends buying three stocks - Biocon at Rs. 250, Bajaj Finance at Rs. 4020, and Voltas at Rs. 680. It estimates the potential portfolio return from these picks. The document also provides sector developments on banking, media, energy, IT, and pharma. It gives rationales for recommending the three stock picks and disclaims legal responsibility for any losses from trading.
The document provides analysis of the Nifty 50, Bank Nifty, and Nifty IT indices for the week ending January 4th, 2020. It summarizes the weekly high, low, and close for each index. It also identifies resistance and support levels and provides a research report call to buy or sell each index based on breaks of those levels. For Nifty IT, it additionally provides the latest news and commentary on growth prospects for the Indian IT sector.
- Bharti Airtel reported its quarterly financial results for Q1 FY2020, ending September 30, 2019.
- Key highlights include a customer base of 404 million across 16 countries, revenue growth in India and Africa, and increased mobile data traffic and ARPU in India.
- However, the company reported a net loss of Rs. 2,866 crore for Q1 FY2020 due to ongoing price competition from Reliance Jio in India.
This document provides a weekly stock picks report for the third week of February 2019. It recommends buying or selling specific stocks such as Tata Motors and Balkrishna Industries, and provides price targets. It also summarizes sector developments in banking, media, energy, telecom, and pharma from the previous week. The document concludes with disclaimers about investment risks and responsibilities.
The document provides an overview and key points about Bharat Electronics Ltd from a 19 September report:
- Revenue growth of 12-15% is guided for FY20 driven by a strong order backlog of Rs576 bn. Order inflow for FY20 is expected to be Rs130-150 bn.
- New areas of growth include space electronics, solar, homeland security and more to drive future non-defense revenue.
- The company is focusing on artificial intelligence projects and increasing indigenization.
- Two large upcoming orders are LRSAM (Rs150bn) and Akash (Rs53.6bn) missile systems.
- Gold imports to India dipped 9% during April-October 2019, helping narrow the trade deficit.
- After Jet Airways shut down, Lufthansa plans to strengthen partnerships with Indian airlines like Vistara and Air India in 2020.
- A report recommends that Indian public sector enterprises bid for international projects as a consortium to enhance their global reach.
1. Three IL&FS group companies - Moradabad Bareilly Expressway, Jharkhand Road Projects Implementation Company, and West Gujarat Expressway - have moved from the amber list to the green list after signing term sheets with lenders to repay debts worth Rs. 5,071 crore.
2. The Cabinet will soon decide on the proposed vehicle scrapping policy, which the Road Transport and Highways Minister has cleared and received finance ministry approval for.
3. The RBI Governor expressed hope that the ongoing crisis in Saudi Arabia increasing crude oil prices will have a limited impact on inflation and fiscal numbers in India.
The document provides a summary of the top 10 things to know from 06 November 2019. It includes the following key points:
1. The Finance Minister reiterated the government's commitment to reform cooperative banks in the wake of the PMC Bank crisis.
2. The Adani Group sought court approval to complete its purchase of a 13.5% stake in Mumbai airport from Bidvest before the deadline.
3. SEBI issued new guidelines for foreign portfolio investors and designated depository participants to facilitate the implementation of new FPI regulations.
Boris Johnson sent an unsigned letter to the EU requesting a Brexit extension as required by law, though he wants to leave by the October 31 deadline.
Thomas Cook India's domestic leisure business is growing at 25% annually, outpacing its outbound segment, and it does not expect the collapse of UK's Thomas Cook to impact its operations.
Shree Cements' September 2019 net sales were up 5.22% year-over-year to Rs 3,004.45 crore, while net profit increased 414.1% to Rs 310.62 crore over the same period.
The document provides a weekly stock picks report for the third week of February 2019. It recommends buying three stocks - Wipro at Rs. 245.50, Divis Labs at Rs. 1850, and Mindtree at Rs. 770. It estimates the potential portfolio return based on equal investment in each stock. The document also provides a weekly sector developments report, with news briefs on banking, media, energy, IT, and pharma sectors. It includes analysis and arguments for buying the three recommended stocks. The document ends with legal disclaimers around risks of investment decisions.
The document provides a summary of 10 news stories:
1. National Housing Bank has an exposure of Rs. 2,435 crore to DHFL as of March 2019.
2. Torrent Pharmaceuticals received a warning letter from the US FDA regarding its facility in Gujarat.
3. Motilal Oswal has adopted an NLG platform to generate customized multi-lingual portfolio reports.
4. A security flaw was detected on Just Dial that could allow hackers to access over 156 million user accounts.
1. The Sensex and Nifty indices ended higher on the day, gaining 2.83% and 2.89% respectively, led by gains in banking, infrastructure and auto stocks.
2. BPCL and Bajaj Finance were the top gainers on the indices, while Zee Entertainment and Infosys were among the top losers.
3. Trading activity was high in HDFC Bank, ICICI Bank, and Maruti Suzuki during the session.
The RBI approved trading of rupee derivatives with settlement in foreign currency at the International Financial Services Centre in GIFT City, Gujarat on October 4, 2019. This is expected to improve revenue prospects for onshore international exchanges located in GIFT-IFSC by attracting some offshore currency derivatives trading onshore. It also aims to make exchange rate management more effective and reduce disjointed price discovery. The decision was made in light of sharp growth in offshore rupee trading volumes exceeding onshore volumes, with around 50% of rupee derivatives traded offshore in exchanges like DGCX and SGX.
The document summarizes key points about the logistics sector in India:
1) The logistics sector is fundamental to India's economic development and is expected to reach $215 billion by 2020, driven by growth in manufacturing, retail, FMCG and e-commerce.
2) Transportation accounts for over 85% of the logistics sector currently, though development of infrastructure may improve efficiency over time.
3) The government has set a target to reduce India's high logistics costs from 14% to 9% of GDP by 2022 through coordinated efforts across various transportation ministries.
This document provides a weekly stock picks report for the third week of February 2019. It recommends buying shares of Tata Motors at Rs. 200 with a target of Rs. 220, Balkrishna Industries at Rs. 1120 with a target of Rs. 1140, and Mahindra & Mahindra at Rs. 570 with a target of Rs. 590. It also includes sector developments on banking, media, energy, telecom, and pharma. Finally, it provides technical analysis justifying the stock pick recommendations.
This document summarizes a study analyzing the impact of India's new corporate tax regime on 2,377 companies that had positive profits before tax in fiscal year 2019. Some key findings of the study include:
- The new 25.17% corporate tax rate would result in estimated tax savings of Rs. 41,555 crore for 1,192 companies previously paying over 25.2% tax.
- Total tax paid by the 2,377 companies was Rs. 2.37 lakh crore at an effective tax rate of 27.5%.
- Private banks could see tax savings of Rs. 12,000 crore, allowing potential lending capacity of Rs. 1.2 lakh crore if reserves are increased
The document summarizes investment patterns of Indian mutual funds in October 2019. It notes that the largest share (47%) of debt assets under management (AUM) were invested in short-term instruments under 90 days. The second highest category was corporate debt papers at 27.4% of debt AUMs. It also analyzes fund deployment across various debt instruments like commercial papers, government securities, and exposures to sectors for equity AUMs.
- Rana Kapoor's promoter firm Yes Capital offloaded shares in Yes Bank, leaving Kapoor with ownership of only 900 shares compared to his previous stake.
- Sebi issued directions on margins collection in the cash segment, requiring trading and clearing members to compulsorily collect certain margins from clients upfront.
- Anil Ambani's Reliance Capital said its shareholding in subsidiary Reliance General Insurance was transferred to IDBI Trustee Services upon invocation of pledge.
This document provides a weekly stock picks report for the third week of October 2019. It recommends buying three stocks - Biocon at Rs. 250, Bajaj Finance at Rs. 4020, and Voltas at Rs. 680. It estimates the potential portfolio return from these picks. The document also provides sector developments on banking, media, energy, IT, and pharma. It gives rationales for recommending the three stock picks and disclaims legal responsibility for any losses from trading.
The document provides analysis of the Nifty 50, Bank Nifty, and Nifty IT indices for the week ending January 4th, 2020. It summarizes the weekly high, low, and close for each index. It also identifies resistance and support levels and provides a research report call to buy or sell each index based on breaks of those levels. For Nifty IT, it additionally provides the latest news and commentary on growth prospects for the Indian IT sector.
- Bharti Airtel reported its quarterly financial results for Q1 FY2020, ending September 30, 2019.
- Key highlights include a customer base of 404 million across 16 countries, revenue growth in India and Africa, and increased mobile data traffic and ARPU in India.
- However, the company reported a net loss of Rs. 2,866 crore for Q1 FY2020 due to ongoing price competition from Reliance Jio in India.
This document provides a weekly stock picks report for the third week of February 2019. It recommends buying or selling specific stocks such as Tata Motors and Balkrishna Industries, and provides price targets. It also summarizes sector developments in banking, media, energy, telecom, and pharma from the previous week. The document concludes with disclaimers about investment risks and responsibilities.
The document provides an overview and key points about Bharat Electronics Ltd from a 19 September report:
- Revenue growth of 12-15% is guided for FY20 driven by a strong order backlog of Rs576 bn. Order inflow for FY20 is expected to be Rs130-150 bn.
- New areas of growth include space electronics, solar, homeland security and more to drive future non-defense revenue.
- The company is focusing on artificial intelligence projects and increasing indigenization.
- Two large upcoming orders are LRSAM (Rs150bn) and Akash (Rs53.6bn) missile systems.
- Gold imports to India dipped 9% during April-October 2019, helping narrow the trade deficit.
- After Jet Airways shut down, Lufthansa plans to strengthen partnerships with Indian airlines like Vistara and Air India in 2020.
- A report recommends that Indian public sector enterprises bid for international projects as a consortium to enhance their global reach.
1. Three IL&FS group companies - Moradabad Bareilly Expressway, Jharkhand Road Projects Implementation Company, and West Gujarat Expressway - have moved from the amber list to the green list after signing term sheets with lenders to repay debts worth Rs. 5,071 crore.
2. The Cabinet will soon decide on the proposed vehicle scrapping policy, which the Road Transport and Highways Minister has cleared and received finance ministry approval for.
3. The RBI Governor expressed hope that the ongoing crisis in Saudi Arabia increasing crude oil prices will have a limited impact on inflation and fiscal numbers in India.
The document provides a summary of the top 10 things to know from 06 November 2019. It includes the following key points:
1. The Finance Minister reiterated the government's commitment to reform cooperative banks in the wake of the PMC Bank crisis.
2. The Adani Group sought court approval to complete its purchase of a 13.5% stake in Mumbai airport from Bidvest before the deadline.
3. SEBI issued new guidelines for foreign portfolio investors and designated depository participants to facilitate the implementation of new FPI regulations.
The document provides a summary of the top 10 news stories from 11 November 2019. The summaries are:
1. The Finance Minister said a new book on global finance suggests solutions for challenges facing the world economy and Indian economy.
2. Infosys is looking to strengthen its investigation into whistleblower allegations against executives by appointing additional law firms.
3. The Environment Ministry approved IOCL's plan to set up a Rs. 766 crore 2G ethanol plant in Panipat, Haryana.
The document provides a summary of 10 news stories:
1. Oil prices dipped on concerns about weak demand outlook despite a surprise draw in US crude stocks.
2. The IMF forecasts India's GDP growth will rebound to around 7% in the next fiscal year, supported by monetary stimulus and tax cuts.
3. The Indian rupee rose slightly against the US dollar due to easing oil prices but foreign capital outflows limited gains.
The document summarizes the Asian Development Bank's revised outlook for the Indian economy in fiscal years 2019 and 2020. It reports that growth is now expected to be 6.5% in FY2019, down from the previous forecast of 7%, due to weaker growth in the first quarter. It also predicts growth of 7.2% in FY2020, unchanged from the previous forecast, expecting a recovery in domestic demand and investment.
- India will invest $100 billion in energy infrastructure to meet growing energy needs and invited Saudi investment.
- RBI imposed a penalty of Rs 1 crore on Bandhan Bank for failing to reduce a shareholder's stake to 40% within 3 years as required.
- The government formed an inter-ministry committee to explore a financial bailout package for struggling telecom companies.
- Wipro set up an engineering center in Virginia, US, creating 200 new jobs.
The document provides a summary of the top 10 news stories from 18 November 2019. The stories include:
1) NBCC sweetening its bid to acquire Jaypee Infratech by offering more land and flats to lenders.
2) The Economic Offences Wing conducting a search at the residence of Rajneet Singh, who was arrested in connection with the PMC Bank scam.
3) The government considering re-introducing restrictions on royalty payments for technology transfers due to high outflows.
Wipro has bagged a $300 million, 7-year contract from ICICI Bank to provide services through its artificial intelligence platform. The RBI has asked banks to link all new floating rate loans to external benchmarks like the repo rate for faster transmission of rate cuts. Despite policy changes, FPI flows into India are expected to remain subdued in the near to medium term according to a report. The auto industry faces a difficult rest of the year due to the transition to stricter BS-VI emission norms.
- The document provides a summary of the top 10 things to know from various markets and news sources on August 28, 2019.
- US markets slipped on recession worries from an inverted Treasury yield curve and uncertainty in US-China trade talks. Asian shares saw minor gains on higher US futures.
- The Indian rupee had its biggest single-day gain in over 5 months boosted by the RBI's transfer of funds to the government. The mutual fund industry aims to increase assets under management four-fold over the next decade.
- Bank of Maharashtra filed a police complaint against the spreading of fake news and rumours about its financial health on social media platforms and WhatsApp.
- Karnataka Bank's Q2 net profit fell 5.3% to Rs 105.91 crore as bad loans increased marginally.
- SEBI issued a new cybersecurity framework for KYC Registration Agencies in response to concerns over possible data breaches.
1. Several public sector banks like Canara Bank and Corporation Bank announced the launch of new repo rate linked loan products to comply with RBI's mandate and faster transmission of interest rate cuts.
2. SpiceJet will take four Boeing 737 MAX aircraft that were previously operated by now-defunct Jet Airways as the airline continues its expansion plans.
3. Ultra-clean BS-VI grade fuel supplies will be expanded to seven more districts in Haryana from October 1st to cover the entire National Capital Region as oil companies extend coverage nationwide in a phased manner ahead of the April 2020 deadline.
- Yes Bank filed a complaint with Mumbai Police against fake news on social media about the bank's financial health, which has seen its stock price decline recently.
- A former chairman of the PMC Bank that collapsed due to an alleged fraud of Rs 4,355 crore was remanded in police custody until October 9.
- JSW Steel remains cautiously optimistic about demand improving due to recent government measures and the festive season, though the sector has struggled with a slowdown.
The document provides a summary of 10 news stories:
1) Hanung Toys promoter detained at airport due to unpaid debts of Rs 2,300 crore to banks led by PNB.
2) Real estate builders want consumer complaints heard by RERA before insolvency proceedings due to many bankruptcy cases against builders.
3) Yes Bank aims to raise $1.2 billion by December from new investors who may get board representation.
Reliance Capital defaults on two NCD payments that were due on October 16th and 17th. CARE Ratings had downgraded Reliance Capital's entire debt to default rating on September 20th. The IMF and World Bank see a Brexit deal boosting global growth outlook. Oil prices fell on higher US crude stockpiles and weak economic figures, though lower fuel inventories helped offset the decline. Zee Entertainment reported a 2% growth in advertising revenue in Q2FY20, beating the industry trend of muted ad growth.
The document provides an economic spotlight report on the state of Indian states' finances. It notes that states have managed to keep their fiscal deficits within mandated limits but their outstanding debt as a percentage of GDP has risen in the last five years. It recommends that states continue planned capital expenditures to support overall economic activity and pursue measures to improve tax collection and debt management.
The document provides a summary of the top 10 things to know from 30 September 2019. It includes the following key points:
1. JSPL aims to reduce its net debt by over Rs. 10,000 crore to below Rs. 30,000 crore in the next two years.
2. The RBI had reportedly recommended removing the chairman of PMC Bank in 2018 for sanctioning irregular loans to HDIL.
3. The IPO of IRCTC will open for subscription on September 30.
4. Coal unions will meet on September 30 to review the impact of recent strikes and decide the next steps.
The RBI has lowered its GDP growth forecast for FY20 substantially to 6.1% due to weak demand and investment conditions. To support measures by the government to arrest the economic slowdown, the RBI cut its repo rate by 25 bps to 5.15%, the lowest in 9 years, and maintained an accommodative monetary policy stance. The MPC revised GDP growth projections downward and said intensified efforts are needed to restore growth momentum.
- Yields on long-term and short-term government securities as well as corporate bonds declined in October 2019, with the fall being larger for corporate bonds and commercial papers.
- The central government's borrowings in October 2019 were 48% lower than in the previous month, though borrowings for April-October 2019 were 48% higher than the previous year.
- Both issuances and yields declined for government securities and corporate debt in the primary and secondary markets in October 2019, while bank credit growth also contracted.
The document summarizes the liquidity conditions in the Indian banking system for the week ending September 20, 2019. It notes that while the banking system maintained an overall liquidity surplus, the surplus declined sharply from the previous week due to tax payments and higher government borrowings. It also mentions that liquidity conditions are expected to improve slightly in the current week but could still be weighed on by various outflows.
This document provides a summary of key economic data being released during the week of March 9-14, 2020. It lists the date, time, and country/region that the economic indicator is being released for, along with the specific indicator such as consumer confidence, GDP, manufacturing PMI, etc. There is also a disclaimer at the end related to the information provided and legal terms of using the website.
The document provides a report on gold and silver prices and analysis from the MCX (Multi Commodity Exchange) on March 21, 2020.
The 3 sentence summary is:
Gold prices on the MCX rose 0.75% to Rs. 40,129 per 10 grams as speculators created new positions amid a firm global trend, while silver prices soared Rs. 914 to Rs. 36,016 per kg as participants widened bets due to a firm global trend. The report provides technical analysis and recommendations to sell gold at Rs. 38,400 and silver at Rs. 33,047 based on support and resistance levels.
The document provides details of an option trading strategy for Ultratech Cement. It recommends buying 3400 call options of Ultratech Cement at Rs. 299 with a lot size of 200, maximum loss of Rs. 63,100, and unlimited profit potential. The strategy rationale is that Ultratech Cement has broken resistance and sustained above that level, indicating a high probability of the stock price rising further.
- The USD was higher against the INR on Friday after the Indian Prime Minister announced a nationwide curfew on Sunday to combat the spread of coronavirus.
- USD/INR was trading at 75.15, up 0.50% for the day. The research recommendation was to buy USD/INR at 75.24 with a target of 76.5 and stop loss of 74.2.
- The document provided a technical analysis of USD/INR along with a research recommendation for trading the currency pair.
The document provides analysis and recommendations on the Indian stock market and some specific stocks. It discusses key support and resistance levels for indexes like Nifty and Bank Nifty. It provides both short term and medium term buy recommendations for stocks like Reliance, Tata Steel, and Maruti among others. The document also summarizes global market conditions and movements in crude oil prices.
Silver, gold and crude oil futures prices rose on Friday according to the commodity snapshot document. Natural gas markets fluctuated after rising on Thursday. Nickel futures also gained on Friday due to rising demand. The aluminum industry may see reduced production and loads due to the automotive sector slowing down as a result of the coronavirus crisis in Germany and Europe. Rubber prices declined as tyre makers and domestic stockists were not interested in increasing commitments.
- The document provides a sector-wise breakdown of the movement in the Indian stock market on March 21, 2020. Most sectors saw gains ranging from 3.4% to 10.1%.
- It also lists support and resistance levels for the Nifty and Bank Nifty indexes. Foreign and domestic institutional investor activity is shown for the past few days.
- The indexes saw gains on March 20 on hopes of a government stimulus and positive global cues, breaking a four-day losing streak. However, the market remains sell-on-rally due to coronavirus pessimism.
JSW Steel is an Indian steel company and one of the fastest growing in India. It has a footprint in over 140 countries. JSW Steel is India's second largest private sector steel company with an installed capacity of 18 MTPA. The document provides a rating of "Buy" for JSW Steel with a target price of INR 250 and discusses the company's financial performance, growth, capacity expansion plans, and valuation compared to peers.
- The stock market indices in India ended lower for the fourth consecutive session on March 19 due to concerns over the COVID-19 pandemic and its economic impact. The Sensex closed down 581 points and Nifty fell 205 points.
- The economic impact of the COVID-19 pandemic is being felt globally via supply chain disruptions and a slowdown in demand as more countries implement lockdowns and social distancing measures. This will likely weaken the global economy in the first half of 2020.
- The effects of the pandemic are expected to be prolonged, with supply chain disruptions in China gradually easing by mid-April but the impact on travel and tourism likely lasting until June. Weak demand from lockdowns
- Gold futures rose on Friday due to safe haven demand amid the accelerated spread of COVID-19, lower US equities, and a weaker US dollar.
- The Dow Jones fell 0.8% and the US Dollar Index fell 0.25%, both lending support to gold prices.
- Silver markets also rallied, piercing the $13 level and looking to build a base as the market has been oversold, though industrial demand for silver will be negatively impacted by the pandemic.
Sector weekly perfomance 21 st mar - 2020stockquint
This document provides a weekly sector performance report covering several industries in India. It discusses how the continued spread of COVID-19 is negatively impacting the automobile sector through supply chain disruptions from China and potential declines in demand. It also notes challenges for the banking sector from the pandemic's economic effects. The FMCG sector continues to see a slowdown, especially in rural areas. The pharmaceutical industry may need to reduce dependence on China for active pharmaceutical ingredients. The NBFC, oil and gas, and stressed asset management sectors are also addressed.
Derivative weekly report 21 st mar - 2020stockquint
The document provides analysis of the Indian stock market and recommends buying Hindustan Unilever Limited futures. It analyzes technical indicators for the Nifty 50 index and Bank Nifty index, noting support and resistance levels. It also discusses currency movements between the Indian rupee and US dollar. Open interest data for various securities is presented.
- Several key sectors saw declines last week, with the BSE PSU index falling -133.2 points and the BSE Bankex index declining -236.68 points.
- The Nifty index failed to break above previous highs and closed the week down 32.6 points at 12,080.85. Technical indicators suggest the potential for further declines in the short term.
- Mobile carriers including Vodafone Idea were ordered to pay thousands of crores in dues following a Supreme Court ruling. Official macroeconomic data will be monitored for signs of economic revival.
This document provides a weekly sector analysis and stock picks for the third week of February 2020. It includes:
- A performance summary of various sectors for the week.
- Potential stock picks to buy or sell for the week, including entry prices and targets.
- A discussion of developments in sectors such as banking, auto, energy, and telecom.
This document provides a summary of key economic data being released for the week of February 24, 2020 to February 29, 2020 from various countries including New Zealand, Eurozone, Australia, Canada, China, and the United States. It also includes disclaimers about investment risks and responsibilities for the information provided.
- The weekly market report provides an overview of the performance of key indices like Nifty and Bank Nifty for the week ending February 20, 2020. Nifty ended the week lower by 32 points at 12,080 levels while Bank Nifty closed lower by 287 points at 30,942 levels.
- Most sectors ended in red for the week with auto, metal and PSU banking indices falling the most. IT was the only sector in green, gaining over 1%. Foreign institutional investors were net sellers in the cash market during the week.
- Going forward, analysts will monitor official economic data for signs of recovery in the slowing Indian economy. The report provides technical levels for the indices along with details of sector performances.
1. The Sensex closed up 428 points and the Nifty closed up 133 points, with both indices breaking a four-day losing streak.
2. On the Nifty, gainers included Bharti Infratel, Grasim Industries, Coal India, HUL and Zee Entertainment. Losers included Tata Motors, JSW Steel, Sun Pharma, TCS and Bharti Airtel.
3. The short term resistance for the Nifty is expected at 12,250 with support at 12,000, while the RSI showed a rise reaching 51 levels.
1) Bajaj Finance beat analyst estimates with its Q3 profit rising 52.2% YoY to Rs. 1,614 crore and net interest income increasing 41.4% YoY. Provisions increased sharply by 83% YoY and 40% QoQ.
2) The stock recommendation is to buy Bajaj Finance at Rs. 4780 with price targets of Rs. 5000 within 15 days as the price is trading above the 50 and 200 day moving averages and MACD is showing a bullish crossover.
3) The company added 182 new locations in Q3FY20 taking its total geographic presence to 2,179 locations in India as of December 31, 2019.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
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.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
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.
2. 1
9 September 2019
TOP 10 THINGS TO KNOW
18 PSBs hit by 2,480 cases of fraud of Rs 32,000 cr in Q1: RTI
A total of 2,480 cases of fraud involving a huge sum of Rs 31,898.63 crore rattled
18 public sector banks in the first quarter of this fiscal, an RTI query has revealed.
The country's largest lender State Bank of India (SBI) remained the biggest prey to
frauds with 38 percent share, Neemuch-based activist Chandrashekhar Gaur told
PTI on September 8 quoting an official of the RBI who furnished him replies to his
RTI application.
Flipkart to help Jharkhand's craftsmen set up online biz
Flipkart on September 8 said it has signed an MoU with Jharkhand government to
help artisans, weavers and craftsmen of the state set up online business through a
special initiative. The initiative 'Flipkart Samarth' aims at enabling and handholding
craftsmen from across India to set up online business. The MoU was signed in the
presence of Jharkhand Chief Minister Raghubar Das.
PNB puts up 11 NPA accounts for sale to recover dues of Rs 1,234 cr
State-owned Punjab National Bank (PNB) has put up for sale nearly a
dozen non-performing assets (NPA) to recover dues of more than Rs
1,234 crore. The lender has invited bids from asset reconstruction
companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA
accounts. The accounts include Visa Steel, which has irrecoverable dues
of Rs 441.83 crore, IndBarath Energy (Utkal) Rs 414.23 crore, Aster Pvt
Ltd Rs 113.57 crore and Om Shiv Estates Rs 100.16 crore.
SBI sought issuance of 147 Look Out Circulars in last five month: RTI
The Country's largest public sector bank -- State Bank of India -- sought
issuance of 147 Look Out Circulars (LoC) in the last five months in
connection with bank fraud cases, an RTI response from the bank said.
Data shows that the bank started seeking LoC from the Bureau of
Immigration from April this year.
3. 2
PSU debt raising through bonds gained, NBFCs faced challenge:
Study
The loss of fundraising capability through corporate debt bonds by
NBFCs resulted in the gain for public sector financial institutions
which increased their share in debt issues by 8 percentage points in
2018-19, said an ASSOCHAM-Crisil study.Defaults by Infrastructure
Leasing & Financial Services (IL&FS) at the beginning of September
2018 created panic and led to a dip in investor confidence towards
lending to non-banking finance companies (NBFCs).
Oil companies flag roadblocks in rationalising taxes on jet fuel
Oil marketing companies have cited issues like sales tax as a barrier
to the Civil Aviation Ministry's plan to rationalise additional charges
that airlines have to pay while uplifting aviation turbine fuel (ATF) at
airports across India, officials said. Currently, airlines have to pay
taxes for certain services, such as 'throughput charges', 'into-plane
charges' and 'fuel-infrastructure charges' when they take the ATF at
any airport for their planes.
ED files money laundering case against Rolls Royce, others
The ED has filed a criminal case to probe money laundering charges in
an alleged corruption case involving London-based Rolls Royce that is
said to have made a payment of over Rs 77 crore as commission to an
agent to win contracts from PSUs HAL, ONGC and GAIL during 2007-
11, officials said on September 8.
9 September 2019
Suzuki Motor India to hold back investment due to slowdown, BS-VI
norms
Suzuki Motor India Pvt Ltd has decided to hold back its planned
investments on capacity enhancement due to the ongoing slowdown in
two-wheeler sales and expectation of a hit in the market by the
transition to stricter BS-VI emission norm from BS-IV in April 2020,
according to a senior company official.
4. 3
Mining sector witnessing job losses; has potential to create about 5
cr jobs: FIMI to PM Modi
Stressing that the mining industry is witnessing job losses, apex
mineral body FIMI has sought the intervention of Prime Minister
Narendra Modi for much-needed reforms that would accelerate
growth in the sector which has the potential to create employment
opportunities for about five crore people.
Markets to eye IIP, inflation data in holiday-truncated week: Analysts
Equity markets would track announcement of some key
macroeconomic data points in this holiday-shortened week for further
cues, while expectations of more stimulus measures from the
government may keep sentiment upbeat, analysts said.
Bourses will be closed on September 10 for 'Muharram'.
9 September 2019
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