August 20, 2019

Naveen Kulkarni’s top picks in auto, IT sectors

Next three months are going to remain tough for us. From October-November, things should get better, says Naveen Kulkarni, Head of Research, Reliance Securities. Excerpts from an interview with ETNOW. What is the sense that you are getting given the fact that in the past history has shown that the large bearish stances by the FPIs have led 5% to 8% rally in the past. Could the kind of oversold market that we are looking at lead to a bounceback any time soon? What is happening right now is that we have seen some bit of bounce back which to some extent was expected, the reason being the global noise or the global challenges that we saw on trade talks that have receded a bit. Some bit of bounce back was expected and that has happened now. Going ahead, we are in a very volatile period in terms of how the market is going to behave at least for the next three months, the reason being we are seeing a lot of challenges in the BFSI sector. There are liquidity challenges which have permeated a..
August 20, 2019

Shares inch higher as stimulus hopes spur rebound

LONDON: European shares followed their Asian counterparts higher on Tuesday as investors bet possible monetary and fiscal stimulus measures would help stave off a major global economic downturn. After a tumultuous first half of August as investors dumped equities and poured their money into government debt and other safe haven assets, some calm has returned to markets this week as traders welcomed talk of more stimulus in China and Germany. In early European trade, the pan-region Euro Stoxx 600 rose 0.2%, the German DAX gained 0.1%, and Britain's FTSE rose 0.36%. That followed gains in Asia. The MSCI world equity index, which tracks shares in 47 countries, rose 0.1% and followed a decent rebound on Monday. Investors were cheered by signs policymakers were willing to do more to support their economies in the grip of international trade frictions, led by the bruising Sino-U.S. tariff tussle, and not everyone thinks the economy is in as bad shape as the market selloff last week i..
August 20, 2019

Anand Rathi maintains buy on Sanghi Industries, target Rs 80

Anand Rathi maintains a buy on Sanghi Industries with a target price of Rs 80 for a superior performance despite subdued demand. Softer input prices and cost rationalisation helped Sanghi Industries perfor well. Sanghi Industries stock fell 0.40 to Rs 55.90 at a time the Sensex was down 96.93 points to 37,305.56. Company Financials Subdued demand growth, labour and water shortages and the liquidity crisis pulled down its Gujarat market 11.5% y/y; hence, domestic volumes fell 12% to 0.566m tons. Volumes of cement sold, of clinker exports and of RMC sales, together rose a mere 1% y/y leading to overall revenue coming flat y/y at Rs 2.7bn. Management says prices would be stable and demand improve, post-Q3. The brokerage expects a 12% revenue CAGR over FY19-21, with a 7% volume CAGR. A better blended ratio, softer coal/ diesel prices, more bulk cement dispatches, the axle-load policy and various operating efficiencies offset the rise in other expenditure (high maintenance cost), leading..
August 20, 2019

Global bond rally sidesteps India as deficit fears mount

By Kartik Goyal India’s fixed-income traders have swung from joy to misery within the span of two weeks as the global bond rally passes them by. Rupee-denominated sovereign bonds have lost more than half the gains they made since the government’s July 5 budget, as concern rises that authorities may sell more debt to finance further fiscal stimulus. Confusion over plans to shift part of India’s 7-trillion-rupee ($100 billion) borrowing abroad is adding to the negative sentiment, along with weakness in the rupee, which is Asia’s worst-performing currency this month. “Uncertainty is really killing the markets,” said Lakshmi Iyer, chief investment officer for fixed income at Kotak Mahindra Asset Management Co. in Mumbai, who’s turned to corporate debt and short-term bonds for shelter. “While bond yields globally are declining and heading toward negative territory, bonds in India are less enthused.” The yield on benchmark 10-year sovereign bonds rose three basis points on Tuesday to 6..
August 20, 2019

Shell exits city gas business in India, sells MGL stake in open market

NEW DELHI: Shell India, the local arm of the Netherlands-based Royal Dutch Shell Plc, on Tuesday exited the city gas business in the country after it sold its 10 per cent stake in Mahanagar Gas Ltd for Rs 770 crore. According to stock exchange data, BG Asia Pacific Holdings (BGAPH), a wholly-owned subsidiary of Shell, sold 9.98 million shares in the company through block deals at Rs 780 apiece. Mahanagar Gas Ltd (MGL), where the majority stake is owned by state-owned GAIL India Ltd, sells compressed natural gas (CNG) to automobiles and piped-cooking gas to households in and around Mumbai. When MGL was listed in July 2016, Shell and GAIL held 32.5 per cent stake each in the company. Last year, Shell sold 24 per cent of its shareholding in two tranches -- 8.5 per cent in April and 14 per cent in August -- in the open market through bulk deals. The government of Maharashtra has 10 per cent shareholding in MGL, while the remaining is with the public. Shell sold its stake in the open m..
August 19, 2019

From tsunami to ripples: Other emerging markets surf Argentina’s latest shock

LONDON: Argentina's latest financial market shock has failed to swamp other emerging markets in the way its previous plunges have done - in part due to the increasing isolation of the country's credit and investments from the rest of the pool. Argentina's economy and banking system are probably too small to cause significant ripple effects by themselves. And while emerging economies are clearly under pressure from global trade and recession fears, they have not yet been materially infected by Argentina's latest shock. An estimated $3.4 billion has exited emerging markets outside Latin America so far this week, Institute of International Finance data shows, but analysts say only a part of that outflow is likely due to fallout from Argentine President Mauricio Macri's heavy defeat in Sunday's primary election - a result that's seen the peso lose more than a third of its value in just three days. Argentina's currency plunge has echoes of its prev..
August 19, 2019

India notifies imports of 30k tonne crude soya oil from Paraguay

New Delhi: India on Monday notified imports of 30,000 tonne of crude soya oil from Paraguay at concessional customs duty rate of 10 per cent under a trade agreement. "TRQ (tariff rate quota) quota for import of 30,000 tonne of crude soya oil from Paraguay under India-Mercosur trade agreement is notified," the Directorate General of Foreign Trade (DGFT) said in a notice. TRQ is a quota for specified volume of exports that enter India at relatively low import duty. After the quota is reached, a higher tariff applies on additional imports. India has a preferential trade agreement with MERCOSUR, a six-country trade bloc, including Brazil, Argentina, Paraguay and Uruguay. The pact came into existence from June 2009. India's bilateral trade with MERCOSUR was $10 billion in 2015-16 as compared to $14.24 billion in 2014-15. Under the pact, both the sides have reduced or eliminated customs duties on certain number of goods traded between them. India and the bloc are discussing ways t..
August 19, 2019

Yes Securities upgrades KNR Constructions to buy, target price Rs 293

After the recent correction in stock price, Yes Securities has upgraded the KNR Constructions stock to a buy for target price of Rs 293 (based on SOTP valuation). The stock is currently trading at 13.9x FY21E P/E. The stock traded 1.49% higher at Rs 366.85 on Monday whike the Sensex was almost 50 points up at 37400. Company Financials KNR Constructions Ltd reported subdued performance during Q1 FY20 largely impacted by delays in receipt of appointed dates for certain Hybrid Annuity (HAM) projects. During the quarter, topline degrew ~17% yoy to Rs.4.6 bn. Operating margin remained at elevated levels of ~19.5% aided by certain projects nearing completion. Weak operating performance and higher interest costs impacted bottomline performance. The company’s order book as at end of Jun’19 continues to remain healthy at ~Rs.65bn (including EPC value of 6 HAM projects). The Company is targeting order inflow to the tune of ~Rs.15 bn during the remaining period of FY20. With projects coming und..
August 19, 2019

Agri Commodities: Soybean, guar gum, guar seed futures up on spot demand

New Delhi: Soybean prices inched up by Rs 34 to Rs 3,825 per quintal in futures trade on Monday supported by a strong spot demand. Marketmen said, widening of portfolios by investors mainly gave push to soybean prices at futures trade here. On the National Commodity and Derivatives Exchange, soybean to be delivered in August moved up by Rs 34, or 0.9 per cent, to Rs 3,825 per quintal with an open interest of 9,220 lots. Refined soya oil New Delhi, Aug 19 (PTI) Refined soya oil prices dipped 0.15 per cent to Rs 758.05 per 10 kg in futures trade on Monday as speculators trimmed their bets on adequate supply at the spot market. On the National Commodity and Derivatives Exchange, refined soya oil for August contracts declined by Rs 1.15, or 0.15 per cent, to Rs 758.05 per 10 kg with an open interest of 3,870 lots. Market analysts said cutting down of positions by participants against ample stocks mainly influenced prices. Coriander Coriander prices fell by 0.14 per cent to Rs 5,872..

Ten sang chanh o nha cho be 2017-2018free vector for designbest game android 2017 free download apkDownload theme wordpress free 2017Co Embed reviewsCo Embed reviewsMy Bikini Belly Program Reviews