Subscribe:

Pages

Wednesday 27 April 2011

Amrutanjan Healthcare up 12 pc on share buyback plans

Shares of Amrutanjan Healthcare Ltd rose sharply after the over-the-counter products maker said after market hours on Tuesday its board would meet on May 3 to consider a share buyback

Buy and Hold that Stock for more profit Buy for target 800 for 1st of May

Coal India get new Perposals

Coal India Limited (CIL) has received 27 proposals from 16 companies for getting imported coal at discounted prices, a top company official has said.

"We sought proposals from companies which are interested in supplying coal on a 10-year term basis at a discount price to meet the production-demand gap in India. We have received 27 proposals from 16 companies. Now the Request for Proposal (RFP) has been finalised," CIL chairman N.C. Jha told reporters on the sidelines of an event organised by the Indian Chamber of Commerce (ICC) here Tuesday.

"We will send the RFP to each of these companies and they have been advised to give in three weeks their proposals on quality and quantity of coal to be supplied. Once we receive that, we will finalise the contracts," he said.

Disclosing that about 70 million tonnes of stock had piled up due to transportation problems, Jha said the Indian Railways had agreed to help out by providing extra rakes.

"We have made a plan that this year will be observed as the year of coal offtake. There will be more thrust on reducing our coal stocks. Indian Railways has promised us in this regard for which we will require 191 rakes per day on the average whole year basis," he said.

When asked whether the 'Maharatna' status would help the company, the chairman said: "The status will help us. Earlier, we could invest Rs.1,000 crore for overseas acquisition, now we can spend Rs.5,000 crore. It's a good amount, particularly for overseas acquisitions and joint ventures."

Monday 25 April 2011

Sathya Sai Baba Leaves Behind 40,000 Cr.

Sri Sathya Sai Baba , whose message of love, peace and humility, resonated with millions of people including politicians, dictators, businessmen and cricketers, breathed his last on Sunday. He was 85.

Baba, as he was popularly called, was in poor health for the past one month and died after multiple-organ failure, doctors at his home town, Puttaparthi, about four hours east of Bangalore, said.

Sai Baba leaves behind an enormous spiritual legacy, a wide network of charitable institutions, hospitals, schools, colleges, which some estimate to be worth about Rs 40,000 crore, and a void in the hearts of many people who consider him to be a living god.

"My family and I are deeply shocked to hear that Baba is not going to be with us physically to guide us....Baba brought all of us belief, an understanding of right and wrong and taught us to live peacefully with every being," KV Kamath, non-executive chairman of ICICI Bank , and one of India's most powerful bankers, said.

"I pay my tributes to Pujya Satya Sai Baba on his nirvana," Narendra Modi, the chief minister of Gujarat, tweeted. Prime minister Dr Manmohan Singh is expected to visit Puttaparthi on Monday afternoon to pay his last respects.

Thousands of devotees thronged Puttaparthi and the hospital where Baba was being treated on Sunday as news of his death of spread. Police are expecting a huge turnout on Monday and Tuesday. "We are expecting not less than 1-2 lakh people per day and have made arrangements," B Janardhan Reddy, district collector of Anantpur, told ET. The funeral will be held on Wednesday.

Puttaparthi in Andhra Pradesh's Anantpur district, owes its place in history to Baba, who transformed it from a dusty, poor hamlet and put it on the global tourist map. Today, it is a bustling town with modern colleges, hospitals, good roads, a railway station and an airport. Many people here such as middle-aged Mushtaq Ahmed, owe their well-being to Baba.

A refugee from Kashmir, Mushtaq and a group of about 100 people left the Valley in the early nineties, in search of a new home. "About 100 of us, we found a place here in Puttaparthi. We came to know of the place through newspapers," Mushtaq told ET.

"We ended up settling here after many months of searching," he added. Mushtaq and his group run shops and small businesses in Puttaparthi. "Most of our families are here and we visit the Valley more often these days," he adds. "We grew spiritually and we could feed our families," he says.

The Andhra Pradesh government has declared a three-day mourning while Anantpur will be closed on Wednesday. Sai Baba was born on November 23, 1926, in Puttaparthi, but his spiritual journey actually began 14 years later when he announced to his stunned villagers that he was the reincarnation of Sai Baba of Shirdi, who had passed away in 1918.

The story quickly became a legend and Baba acquired god-like status after he started performing miracles which drew enormous number of followers. Controversy ensued when rationalists and scientists questioned the basis of his miracles and his refusal to allow himself to be tested. An incident at his ashram when police killed four intruders into his room and a BBC documentary which alleged widespread incidents of child molestation at his ashram threatened to sully his image.

Saturday 23 April 2011

Silver Hits a New High Crosses 70000

Silver may have broken a new barrier breaching the Rs 70,000 a kg mark for the first time on Friday, but analysts appear more bullish on gold saying that the yellow metal still has steam left to rise faster.

On Friday, silver rose by Rs 1,400 a kg to Rs 70,810 in the Mumbai market, while gold price rose marginally to Rs 21,825.

The price of the two precious metals - seen as safe havens during uncertain times - have seen a sharp surge over the last 12 months as the American and the European economies remain wobbly. In recent months, the tension in West Asia and the tsunami in Japan have only added to the gloom, prompting a rush for safer investment options. The latest spurt has been fuelled by rating agency Standard & Poor's downgrade of US debt, which rattled global investor confidence and weakened the dollar further.

"Prices will remain firm till the dollar stays weak. The dollar may remain weak this year," says Jayant Manglik, president, Religare Commodities, a brokerage firm.

In its latest report, global metals consulting firm GFMS says inflation and improved income levels are also pulling investors to the yellow metal. "Overall, we would not be surprised, therefore, to see gold break through $1,600 (an ounce) before the end of the year," last week's Gold Survey 2011 said. Within days, the metal went past the $1,500 mark.

At Thursday's international price of $1,507, gold has given a 30% return over the last 12 months, and 143% over five years. But it is no match for silver where returns have soared 155% in the past one year and nearly 300% in five years. In rupee terms, the returns are a little lower owing to the Indian currency's appreciation against the dollar.

With silver prices rising faster than gold on industrial demand and investment rush by high networth individuals, the traditional gold-silver price ratio of 55:1 has been altered. Based on Thursday's international price, the ratio is now at 32:1.

In fact the dramatic change in the ratio is one of the reasons why analysts predict a moderation in silver prices. "A correction in silver is expected faster, though it will not go back to historical levels," says Tarang Bhanushali of brokerage firm IIFL.

But analysts say that given the possibility of a further rise in prices, you must have both the metals in your portfolio. "If you have a risk appetite, go for silver. Gold is a safer option at this point of time," says Religare's Manglik.

While it is difficult to time the market, especially if you are a retail investor, the best way is to buy in small lots instead of one large outgo. And, instead of buying gold and silver in physical form that will only sit idle in your bank locker, systematic investment plans (SIPs) are a better option.

Friday 22 April 2011

Reliance Industries Q-4 Results

Positive global cues pushed the Bombay Stock Exchange (BSE) Sensex 131 points ahead of the Q4 result of heavyweight Reliance Industries Ltd (RIL), although lower-than-expected TCS numbers and upward turnaround in food inflation erased initial gains.

The BSE 30-share barometer opened firm and remained positive through the day before settling at 19,602.23, up 131.25 points, or 0.67 per cent.


Sensex has gained 511.06 points, or 2.68 per cent, in three straight sessions, ahead of a long weekend starting tomorrow because of a holiday on account of Good Friday.

The NSE 50-share Nifty also improved 33.05 points, or 0.56 per cent, to 5,884.70.

Metal stocks were at the forefront after overnight smart gains due to rise in prices on the London Metal Exchange (LMEX) yesterday.

Refinery counters, too, were in keen demand ahead of RIL’s Q4 result, to be announced later on Thursday.

Bullish world markets helped the rally on local bourses. Key Asian indices from China, Hong Kong, Japan, Singapore, South Korea and Taiwan closed higher — between 0.67 per cent and 1.64 per cent — following strong rally on Wall Street yesterday.

“Markets started off in the green amid gains in the equity markets across the globe. However, key indices saw a sharp decline after the weekly inflation data dampened the sentiments,” said Amar Ambani, head of research (India private clients) at IIFL.

The Dow Jones Industrial Average and the Nasdaq Composite Index yesterday spurted 1.52 per cent and 2.10 per cent on beating market expectations by announcement of results by some companies.

European shares also showed firm trend in their afternoon deals on Thursday. The CAC was up by 0.44 per cent, the DAX by 0.66 per cent and the FTSE by 0.18 per cent.

From metal segment, Sesa Goa jumped by 4.34 per cent, Hindustan Zinc by 3.12 per cent, Hindalco by 2.92 per cent, Sterlite Ind by 2.50 per cent and Jindal Steel by 2.37 per cent, resulting the sectoral BSE-Metal index closing up 264.86 points or 1.62 per cent.

The BSE-Oil & Gas index firmed up by 130.34 points or 1.28 per cent, as RIL rose 1.39 per cent and ONGC by 3.01 per cent.

However, the BSE-CG dipped 135.07 points, or 0.98 per cent, due to a 4.38 per cent fall in BHEL and 3.48 per cent in Alstom Project.

Maruti Suzuki was the top gainer from the Sensex pack, with a gain of 3.22 per cent, followed by HDFC (2.57 per cent) and Hero Honda (2.41 per cent

TCS Q-4 Results

Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm reported its consolidated financial results according to Indian GAAP for the quarter and financial year ended March 31, 2011.

TCS said its revenues for Q4FY’11 rose 31.26 per cent to Rs 10,157 crore compared to Rs 7,738 crore on a year-on-year basis. The firm posted a 31.08 per cent rise in net profit at Rs 2,623 crore as against Rs 2,001 crore in the same period of last fiscal. On a quarter-on-quarter basis, it posted an 11 per cent jump in its fourth quarter net profit on the back of rising demand for outsourcing services from western clients.

TCS MD & CEO, N Chandrasekaran, said the company had seen an “all-round performance” in all the major verticals, including banking, financial services and insurances (BFSI), retail, energy & utilities, pharma & life sciences, and travel & hospitality. The firm’s full FY’11 revenue was up 24 per cent at Rs 37,325 crore compared with Rs 30,029 crore last year. FY’11 net profit went up 30 per cent to Rs 9,068 crore as compared with Rs 7000.6 crore last year.

Hindustan Zinc Results

Hindustan Zinc Ltd’s operating profit rose by 30% in the March quarter on a quarter-on-quarter (q-o-q) basis, delivering a pleasant surprise to investors. Zinc and lead prices have been firm, rising by 3.4% and 9% q-o-q, respectively. This is good, but it still does not explain the sharp jump in profits. Higher production, sales (and realizations) of silver and better operating efficiencies aided the company’s performance.



In the March quarter, the company’s zinc output rose by 8.5%, lead by 22.3% and silver by 18.5% q-o-q. Zinc output has risen due to higher capacity utilization of its new smelter. Lead output recovered after falling in the December quarter due to maintenance shutdown. It will improve further after a new lead smelter is commissioned in the current quarter. Average metal prices moved up, with zinc prices rising by about 3%, lead by 9% and silver surging by nearly 19%.
Silver is clearly driving the company’s performance. This is also because of a 41% rise in the production of lead concentrate in the March quarter. This concentrate contains silver, which also enhances realizations. In fiscal 2011 (FY11), silver’s sales rose by 58% to Rs. 544 crore and are expected to rise sharply in FY12 as well.
Hindustan Zinc’s metal output is expected to increase further in FY12. Its 1.5-million-tonne Sindesar Khurd zinc mine is expected to achieve full capacity and will exit the year with a silver production capacity of 500 tonnes.
The company’s sales in the March quarter rose by 23% q-o-q, and control over expenditure led to its operating profit margin improving by nearly 3.5 percentage points to 61%. Higher other income due to rising yields also contributed to its net profit rising by 37%.

Trading in Stock Market

Participants within the stock market vary from tiny individual stock investors to giant hedge fund traders, who may be primarily based anywhere. Their orders sometimes find yourself with knowledgeable at a stock exchange, who executes the order.Some exchanges are physical locations where transactions are allotted on a trading floor, by a technique referred to as open outcry. this kind of auction is employed in stock exchanges and commodity exchanges where traders might enter "verbal" bids and offers simultaneously. the opposite style of stock exchange may be a virtual kind, composed of a network of computers where trades are created electronically via traders.Actual trades are primarily based on an auction market model where a possible buyer bids a particular worth for a stock and a possible seller asks a particular worth for the stock. (Buying or selling at market suggests that you may settle for any raise worth or bid worth for the stock, respectively.) When the bid and raise costs match, an acquisition takes place, on a first-come-first-served basis if there are multiple bidders or askers at a given worth.The purpose of a stock exchange is to facilitate the exchange of securities between patrons and sellers, therefore providing a marketplace (virtual or real). The exchanges give real-time trading info on the listed securities, facilitating worth discovery.The big apple Stock Exchange.The big apple Stock Exchange may be a physical exchange, additionally noted as a listed exchange – solely stocks listed with the exchange is also traded. Orders enter by method of exchange members and flow all the way down to a floor broker, who goes to the ground trading post specialist for that stock to trade the order. The specialist's job is to match get and sell orders using open outcry. If a selection exists, no trade immediately takes place—in this case the specialist ought to use his/her own resources (money or stock) to shut the distinction when his/her judged time. Once a trade has been created the small print are reported on the "tape" and sent back to the brokerage firm, that then notifies the investor who placed the order. though there's a big quantity of human contact during this method, computers play a very important role, particularly for so-called "program trading".The NASDAQ may be a virtual listed exchange, where all of the trading is finished over a laptop network. the method is comparable to the big apple Stock Exchange. However, patrons and sellers are electronically matched. One or additional NASDAQ market manufacturers can continuously give a bid and raise worth at that they'll continuously purchase or sell 'their' stockThe Paris Bourse, currently a part of Euronext, is an order-driven, electronic stock exchange. it had been automated within the late Eighties. before the Eighties, it consisted of an open outcry exchange. Stockbrokers met on the trading floor or the Palais Brongniart. In 1986, the CATS trading system was introduced, and therefore the order matching method was totally automated.From time to time, active trading (especially in giant blocks of securities) have moved removed from the 'active' exchanges. Securities companies, led by UBS AG, Goldman Sachs cluster Inc. and Credit Suisse cluster, already steer twelve p.c of U.S. security trades removed from the exchanges to their internal systems. That share in all probability can increase to eighteen p.c by 2010 as additional investment banks bypass the NYSE and NASDAQ and combine patrons and sellers of securities themselves, consistent with knowledge compiled by Boston-based Aite cluster LLC, a brokerage-industry consultant.[5]Now that computers have eliminated the requirement for trading floors just like the massive Board's, the balance of power in equity markets is shifting. By bringing additional orders in-house, where purchasers will move massive blocks of stock anonymously, brokers pay the exchanges less in fees and capture an even bigger share of the $11 billion a year that institutional investors pay in trading commissions further because the surplus of the century had taken place

What is Stock Market

A stock market or equity market may be a public (a loose network of economic transactions, not a physical facility or discrete) entity for the trading of company stock (shares) and derivatives at an agreed price; these are securities listed on a stock exchange furthermore as those solely traded privately.The size of the planet stock market was estimated at regarding $36.6 trillion at the beginning of October 2008.[1] the overall world derivatives market has been estimated at regarding $791 trillion face or nominal price,[2] eleven times the scale of the whole world economy.[3] the worth of the derivatives market, as a result of it's stated in terms of notional values, can't be directly compared to a stock or a hard and fast income security, that historically refers to an actual price. Moreover, the overwhelming majority of derivatives 'cancel' one another out (i.e., a by-product 'bet' on an occurrence occurring is offset by a comparable by-product 'bet' on the event not occurring). several such comparatively illiquid securities are valued as marked to model, instead of an actual market value.The stocks are listed and traded on stock exchanges that are entities of an organization or mutual organization specialised within the business of bringing consumers and sellers of the organizations to an inventory of stocks and securities along. the most important stock market within the us, by market cap, is that the the big apple Stock Exchange (NYSE). In Canada, the most important stock market is that the Toronto Stock Exchange. Major European samples of stock exchanges embody the Amsterdam Stock Exchange, London Stock Exchange, Paris Bourse, and therefore the Deutsche Börse (Frankfurt Stock Exchange). In Africa, examples embody Nigerian Stock Exchange, JSE restricted, etc. Asian examples embody the Singapore Exchange, the Tokyo Stock Exchange, the Hong Kong Stock Exchange, the Shanghai Stock Exchange, and therefore the Bombay Stock Exchange. In Latin America, there are such exchanges because the BM&F Bovespa and therefore the BMV.