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Profit Krishna

Equity and Commodity Advisory Services - F&O Tips, Intraday Tips, Commodity Tips, Stock Market Tips

PROFIT KRISHNA an ISO Certified equity and commodity advisory services is a dedicated website which provides research work for Equity, stock tips, intraday tips, Multibagger & Commodity markets of India. Our services are chiefly designed for Investors and Traders to provide most appropriate solution. We have a specialized team of stock market analysts and commodity investment experts who can provide profitable stock market tips including future & option trading tips, commodity trading tips, intraday trading tips, nifty tips, BSE NSE Tips and MCX NCDEX Tips. We keep on updating you with share market recommendations and accurate stock market tips through SMS, phone calls and online chatting on daily, weekly and monthly basis which can help you in earning unlimited profit out of your investment.

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* Disclaimer: These recommendations are based on the theory of technical analysis and outlook of the market performance. Readers those who buy and sell securities based on the above information in this column are solely responsible for their actions. The author won't be liable or responsible for any sort of financial and legal loses suffered by the traders.
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JP Associates tumbles on buzz of delaying repayment of FDs

Dec 16 2014 3:12PM

The stock hit a high of Rs 24.60 so far during the day. The stock hit a low of Rs 23.10 so far during the day, which is also a 52-week low for the counter. The stock hit a 52-week high of Rs 89.85 on 11 June 2014.

The stock had underperformed the market over the past one month till 15 December 2014, falling 27.06% compared with 2.59% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 28.41% as against Sensex's 1.88% rise.

The mid-cap company has an equity capital of Rs 486.49 crore. Face value per share is Rs 2.

According to reports, Jaiprakash Associates had launched fixed deposits scheme in 2012 for tenure of one, two and three years. In some cases, Jaiprakash Associates withheld principal amounts of fixed deposits, reports added.

Jaiprakash Associates has been struggling under huge debt. It reportedly has a net debt of more than Rs 60000 crore and to reduce the same debt, the company has been trying to dispose some of its assets.

Jaiprakash Associates reported a net loss of Rs 106.48 crore in Q2 September 2014 compared with net profit of Rs 67.67 crore in Q2 September 2013. Net sales declined 15.4% to Rs 2664.12 crore in Q2 September 2014 over Q2 September 2013.

Jaiprakash Associates is a diversified infrastructure conglomerate with business interests in engineering & construction, cement, power, real estate, expressways, fertilizer, hospitality, healthcare, sports, information technology and education (not-for-profit).

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SpiceJet slumps amid mounting woes

Dec 16 2014 3:10PM

The stock hit a high of Rs 13.35 and a low of Rs 11.25 so far during the day. The stock hit a 52-week high of Rs 22.20 on 26 May 2014. The stock hit a 52-week low of Rs 11.10 on 13 August 2014.

The stock had underperformed the market over the past one month till 15 December 2014, falling 11.03% compared with 2.59% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 0.44% as against Sensex's 1.88% rise.

The small-cap company has an equity capital of Rs 599.45 crore. Face value per share is Rs 10.

According to reports, SpiceJet on Monday, 15 December 2014, evening got a breather with indications that state-run Airports Authority of India (AAI) would not press for immediate clearing of Rs 200 crore dues after the airline's promoter Kalanithi Maran gave personal guarantees to infuse more funds.

The development took place after the no-frill airline's Chief Operating Officer Sanjiv Kapoor reportedly met Civil Aviation Minister Ashok Gajapathi Raju last evening. The government has asked it to continue operations over the next fortnight.

Reports indicated that the AAI, which had given time to SpiceJet till Monday, 15 December 2014, to clear its dues, would not press the deadline and give the airline more time to pay up.

The airline sought urgent financial help from the government to run its daily operations but received no categorical assurances from it, reports said.

The airline's total liability reportedly stands at over Rs 2000 crore and it needs at least Rs 1400 crore immediately to keep it off the ground.

The no-frills carrier is facing tough business conditions and the situation has only worsened in recent days with cancellation of flights.

On 28 November 2014, Rare Enterprises, a company owned by well-known institutional investor Rakesh Jhunjhunwala, bought 75 lakh shares, or 1.25% stake, of SpiceJet at Rs 17.88 per share.

SpiceJet reported a net loss of Rs 310.45 crore in Q2 September 2014, lower than net loss of Rs 559.49 crore in Q2 September 2013. Net sales rose 15.2% to Rs 1435.86 crore in Q2 September 2014 over Q2 September 2013.

SpiceJet is India's second largest airline by domestic passenger share.

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Career Point hits the roof

Dec 15 2014 4:48PM

The stock hit a high of Rs 143.10 and a low of Rs 117.35 so far during the day. The stock had hit a 52-week high of Rs 146.75 on 26 May 2014. The stock had hit 52-week low of Rs 67.10 on 26 March 2014.

The stock had outperformed the market over the past one month till 12 December 2014, rising 1.36% compared with 2.35% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 1.2% as against Sensex's 1.07% rise.

The tutorial service provider has an equity capital of Rs 18.13 crore. Face value per share is Rs 10.

Career Point said that Reserve Bank of India (RBI) has granted Certificate of Registration to the company's wholly owned subsidiary Srajan Capital to commence/carry on business of non banking financial institution.

On a consolidated basis, Career Point Infosystems reported net loss of Rs 2.06 crore in Q2 September 2014 as compared to net profit of Rs 1.86 crore in Q2 September 2013. Net sales fell 1.5% to Rs 16.70 crore in Q2 September 2014 over Q2 September 2013.

Career Point Infosystems is one of the leading providers of tutorial services in India, with the main centre in Kota, Rajasthan.

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Volumes jump at Creative Merchants counter

Dec 15 2014 4:45PM

Creative Merchants clocked volume of 6.5 lakh shares by 13:30 IST on BSE, a 14.01 times surge over two-week average daily volume of 46,000 shares. The stock was locked at 20% lower circuit at Rs 324.80.

Mastek notched up volume of 6.77 lakh shares, a 9.55-fold surge over two-week average daily volume of 71,000 shares. The stock was locked at 20% upper circuit at Rs 324.80 on BSE

MMTC saw volume of 16.33 lakh shares, a 5.42-fold surge over two-week average daily volume of 3.01 lakh shares. The stock was up 12.1% at Rs 61.

Marksans Pharma clocked volume of 11.87 lakh shares, a 2.77-fold surge over two-week average daily volume of 4.28 lakh shares. The stock was up 10.7% at Rs 58.25

Hitachi Home & Life Solutions India saw volume of 94,000 shares, a 2.38-fold rise over two-week average daily volume of 40,000 shares. The stock was up 1.6% at Rs 883.

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Jet Airways (India) slips on profit booking

Dec 12 2014 1:50PM

The stock hit a high of Rs 451.35 and a low of Rs 420.30 so far during the day. The stock hit a 52-week high of Rs 458 on 11 December 2014. The stock hit a 52-week low of Rs 203.50 on 26 September 2014.

The stock had outperformed the market over the past one month till 11 December 2014, rising 68.01% compared with 1.10% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 89.61% as against Sensex's 2.25% rise.

The mid-cap company has an equity capital of Rs 113.60 crore. Face value per share is Rs 10.

Recent rally in shares of Jet Airways (India) was triggered by drop in crude oil prices.

Brent crude futures dropped today, 12 December 2014, on persistent concerns over a supply glut and a bearish demand outlook. Brent for January settlement was off 11 cents a barrel at $63.57 a barrel. The contract had lost 56 cents a barrel to settle at $63.68 during the previous trading session.

Fuel costs account for a chunk of airline expenses and falling oil price is likely to provide relief.

Jet Airways (India) reported a net profit of Rs 70 crore in Q2 September 2014 compared with net loss of Rs 891 crore in Q2 September 2013. Revenue rose 16% to Rs 4772 crore in Q2 September 2014 over Q2 September 2013.

Jet Airways currently operates a fleet of 115 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 75 next generations Boeing 737-700/800/900/900ER aircraft and 15 ATR 72-500 and 3 ATR72-600. With an average fleet age of 5.92 years, the airline has one of the youngest fleet of aircraft in the world. The company flies to 75 destinations, spanning the length and breadth of India and beyond.

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Most telecom stocks gain on buzz spectrum auction may include one slot for 3G

Dec 12 2014 1:46PM

Among telecom stocks, Bharti Airtel (up 1.15%), Idea Cellular (up 0.14%), and Mahanagar Telephone Nigam (up 0.01%) edged higher. Tata Teleservices (Maharashtra) (down 2.5%) and Reliance Communications (down 1.94%) edged lower.

Incremental spectrum will ease pressure on incumbents witnessing licence renewals, reports added.

The auction of one slot of 2100 MHz would mean one more carrier offering 3G services in 17 telecom circles, where the defence ministry has agreed to vacate the spectrum, report added.

The news of additional airwaves being put up for sale will bring respite to the telecom industry, especially players such as Vodafone, Idea Cellular and Reliance Communications who face existential crises in regions where in case they don't win back their currently held airwaves in the 900 MHz band, they might have to shut shop owing to lack of alternative spectrum to fall back upon. With one block of 2100 MHz airwaves on sale, these operators can now breathe a sigh of relief, report said.

The telecom department had previously estimated proceeds from the sale of 3G auction at Rs 5000 crore, apart from the Rs 9355 crore it is expecting from 800, 900, and the 1800 MHz bands. The auctions are scheduled to begin on 23 February 2015, report said..

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Panacea Biotec jumps after tie up with Canada-based drug maker

Dec 12 2014 1:45PM

The stock hit a high of Rs 174.10 and a low of Rs 152 so far during the day. The stock hit a 52-week high of Rs 218.95 on 22 September 2014. The stock hit a 52-week low of Rs 88.60 on 30 January 2014.

The stock had underperformed the market over the past one month till 11 December 2014, falling 3.68% compared with 1.10% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 9.85% as against Sensex's 2.25% rise.

The small-cap company has an equity capital of Rs 6.12 crore. Face value per share is Re 1.

Panacea Biotec said it entered into a strategic alliance with Apotex lnc. the largest Canadian owned pharmaceutical company for research, development, license and supply of two drug delivery based high barrier to entry generic products for US, Canada, Australia and New Zealand.

The strategic alliance was initially established for a drug delivery based drug for which Panacea Biotec had received research fees and the product development is progressing on priority. Panacea Biotec and Apotex have now further expanded the scope of the collaboration by including a second drug delivery based product to the collaboration. Both the products have been developed using Panacea Biotec's proprietary platform nanoparticle, liposomal and microparticle drug delivery systems. The current sales of the innovator products are to the tune of about $1 billion.

In addition to an upfront and milestone research fee payments from Apotex; Panacea Biotec shall receive a share of the development cost and profit post commercialization of the products shall be shared at a pre-agreed ratio between both companies. Both companies intend to expand the scope of the alliance by adding new drug delivery based complex generic products to the collaboration.

Panacea Biotec shall undertake product development and shall manufacture and supply the products to Apotex, while Apotex shall be responsible for regulatory affairs, Hatch Waxman litigation and commercialization activities in the territories.

Panacea Biotec has many filed abbreviated new drug applications (ANDAs) in the pipeline and with this collaboration the company strives to become a major global player in technology based specialty generics applying its formulation and drug delivery expertise.

Apotex lnc. is the largest Canadian-owned pharmaceutical company, employing over 10,000 people in research, development, manufacturing and distribution facilities world-wide. Apotex produces more than 300 generic molecules in approximately 4,000 different dosages and formats which, in Canada, are used to fill over 85 million prescriptions a year.

Panacea Biotec reported net loss of Rs 6.82 crore in Q2 September 2014, lower than net loss of Rs 56.27 crore in Q2 September 2013. Net sales rose 54.51% to Rs 155.64 crore in Q2 September 2014 over Q2 September 2013.

Panacea Biotec is one of India's leading research-based pharma-biotech companies with established research, manufacturing and marketing capabilities.

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NBCC jumps over 9% in two sessions

Dec 5 2014 4:15PM

The announcement was made during trading hours on Thursday, 4 December 2014. Shares of National Buildings Construction Corporation (NBCC) jumped 5.47% to Rs 877.60 on that day. The stock has risen 9.12% in two sessions from Rs 832.10 on Wednesday, 3 December 2014.

Meanwhile, the BSE Sensex was down 31.53 points, or 0.11%, to 28,531.29.

On BSE, so far 2.95 lakh shares were traded in the counter, compared with an average volume of 3.30 lakh shares in the past one quarter.

The stock hit a high of Rs 922.80 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 885.10 so far during the day. The stock hit a 52-week low of Rs 134 on 17 December 2013.

The stock had underperformed the market over the past one month till 4 December 2014, rising 0.17% compared with 2.52% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 88.04% as against Sensex's 5.45% rise.

The large-cap company has an equity capital of Rs 120 crore. Face value per share is Rs 10.

National Buildings Construction Corporation (NBCC) announced that a memorandum of understanding (MoU) has been signed between the company and Air India for development of land parcels of Air India at various locations on a joint venture basis. No other details were disclosed by the company.

In a separate announcement on Thursday, NBCC elaborated that at present a general MoU has been signed between NBCC and Air India for undertaking development of various land parcels lying idle with Air India. Project specific agreements with detailed modalities will be signed separately.

NBCC announced on Tuesday, 2 December 2014, that it secured Project Management Consultancy (PMC) work for construction/improvement/maintenance of roads at Miao-Vijaynagar (Arunachal Pradesh) costing Rs 1850 crore.

On a consolidated basis, net profit of NBCC fell 0.9% to Rs 60.67 crore on 4.2% increase in net sales to Rs 904.29 crore in Q2 September 2014 over Q2 September 2013.

NBCC provides civil engineering construction services. The company's present arrays of operations are categorized into three main segments -- project management consultancy (PMC), real estate development and engineering, procurement and construction (EPC) contracting.

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Dhanlaxmi Bank announces appointment of director

Dec 16 2014 3:16PM

Dhanlaxmi Bank announced that Reserve Bank of India (RBI) has appointed Harihar Mishra, General Manager, RBI, Bengaluru, as Additional Director of the Bank in place of Shri Raja Selvaraj, General Manager, Reserve Bank of India, Chennai for a period of two years with effect from 09 December 2014 to 08 December 2016 or till further orders, whichever is earlier.

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Thomas Cook (India) launches 'Holiday Savings Account'

Dec 16 2014 3:14PM

Thomas Cook (India) announced the launch of its innovative ' Holiday Savings Account' in association with IndusInd Bank. The cost of the tour is split into 13 monthly instalments of which 12 are contributed by the customers and the 13th instalment is a combination of accrued interest from the RD plus a top up courtesy Thomas Cook (India).

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Ranbaxy commences launch of India's first NCE, Synriam™

Dec 15 2014 4:53PM

Ranbaxy Laboratories announced that it has received the regulatory approval to launch India's first NCE (New Chemical Entity), Synriam™ in African Countries viz, Nigeria, Uganda, Senegal, Cameroon, Guinea, Kenya and Ivory Coast. The product has been launched in Uganda and will be made available in other countries towards end of January 2015.

Synriam™ provides quick relief from most malaria-related symptoms including - fever and has a high cure rate of over 95 per cent.

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Bharti Airtel announces divestment of telecoms tower assets in Zambia and Rwanda

Dec 15 2014 4:52PM

Bharti Airtel [through its subsidiary company Bharti Airtel International (Netherlands) BV (Airtel)], and IHS Holding (IHS), the largest mobile telecommunications infrastructure provider in Africa, announced an agreement under which IHS will acquire over 1100 telecoms towers across Zambia and Rwanda.

The agreements will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure in these African markets.

As per the agreements, Airtel is to sell and lease back over 1100 towers from IHS in Zambia and Rwanda under a 10-year renewable contract.

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Shekhawati Poly-Yarn to hold board meeting

Dec 15 2014 4:49PM

Shekhawati Poly-Yarn will hold a meeting of the Board of Directors of the Company on 16 December 2014 to consider and allot 17,98,89,330 Warrants Convertible into Equity Shares of the Company to the Promoter/Promoter Group and Non - Promoters, on preferential basis.

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Sarda Proteins to hold board meeting

Dec 12 2014 1:59PM

Sarda Proteins will hold a meeting of the Board of Directors of the Company on 22 December 2014, to create mortgage/charge on the assets of the company, to sell off whole or substantial part of the Equity Shares of ura Infracon Private Limited (being an associate Company) held by the Company, and to shift the registered office of the Company from one place to another place within the limits of the city.

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Bemco Hydraulics to hold board meeting

Dec 12 2014 1:57PM

Bemco Hydraulics will hold a meeting of the Board of Directors of the Company on 19 December 2014, to discuss and consider the allotment of the Equity Shares on Preferential Basis to Promoters, Companies of Promoter's Group and Independent Investors, and to review the performance of the Company for the current Financial Year.

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Panacea Biotec enters into strategic alliance with Apotex Inc.

Dec 12 2014 1:53PM

Panacea Biotec announced that the Company has entered into strategic alliance with Apotex Inc., the largest Canadian owned pharmaceutical company for research, development, license and supply of two drug delivery based high barrier to entry generic products for US, Canada, Australia and New Zealand.

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Tata MF Announces Extension of Maturity Under Tata Fixed

Dec 16 2014 3:19PM

Tata Mutual Fund has announced the extension of maturity of Tata Fixed Maturity Plan Series 45 - Scheme D, a close ended debt fund.

The Trustees have decided to extend the maturity of the scheme in accordance with Regulation 33 (4) of SEBI (Mutual Funds) Regulations, 1996 by 727 days. Pursuant to extension, the Scheme shall mature on 10 January 2017 or the immediately following Business Day, if such day is not a Business Day.

Tata Fixed Maturity Plan Series 45 - Scheme D was launched on 03 January 2014. The units under the Scheme were allotted on 10 January 2014. The Scheme is scheduled to mature on 14 January 2015.

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Reliance Fixed Horizon Fund – XXVIII – Series 1 Floats On

Dec 16 2014 3:18PM

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXVIII – Series 1, a close ended income scheme with the duration of 1206 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 16 December to 18 December 2014.

This product is suitable for investors seeking returns and growth over the term of the fund limiting interest rate volatality by investment in debt, money market and G-sec instruments maturing on or before the date of maturity of the scheme with low risk - Blue.

The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.

The scheme offers two options growth and dividend pay out option under Regular Plan and Direct Plan.

The scheme will allocate upto 20% of its assets in money market instruments with low risk profile and invest 80%-100% of its assets in government securities & debt instruments with low to medium risk profile.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Entry and exit load charge will be nil for the scheme.

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.

The fund manager of the scheme will be Amit Tripathi.

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Reliance MF Announces Dividend Under Its Schemes

Dec 15 2014 4:58PM

Reliance Mutual Fund has announced 19 December 2014 as the record date for declaration of dividend under the following schemes. The amount of dividend (Rs per unit) on the face value of Rs 10 per unit (except for Reliance Money Manager Fund, Reliance Liquidity Fund, Reliance Liquid Fund – Treasury Plan & Reliance Liquid Fund–Cash Plan which is Rs 1000 per unit) will be:

Reliance Short Term Fund-Dividend Plan-Quarterly Dividend Option: 0.4459

Reliance Short Term Fund-Direct Plan-Dividend Plan – Quarterly Dividend Option: 0.4680

Reliance Money Manager Fund-Retail Plan-Dividend Plan-Quarterly Dividend Option: 21.8647

Reliance Money Manager Fund-Dividend Plan-Quarterly Dividend Option: 21.9992

Reliance Money Manager Fund-Direct Plan-Dividend Plan-Quarterly Dividend Option: 23.2130

Reliance Income Fund-Dividend Plan-Quarterly Dividend Option: 0.8285

Reliance Income Fund-Direct Plan-Dividend Plan-Quarterly Dividend Option: 0.8613

Reliance Floating Rate Fund-Short Term Plan-Dividend Plan-Quarterly Dividend Option: 0.2722

Reliance Liquid Fund-Treasury Plan-Retail Plan-Dividend Plan-Quarterly Dividend Option: 23.3850

Reliance Liquid Fund-Treasury Plan-Dividend Plan-Quarterly Dividend Option: 21.6161

Reliance Liquid Fund-Treasury Plan-Direct Plan-Dividend Plan-Quarterly Dividend Option: 21.8614

Reliance Liquid Fund-Cash Plan-Dividend Plan-Quarterly Dividend Option: 20.0076

Reliance Liquid Fund-Cash Plan-Direct Plan-Dividend Plan-Quarterly Dividend Option: 22.0039

Reliance Liquidity Fund-Dividend Plan-Quarterly Dividend Option: 21.5391

Reliance Liquidity Fund-Direct Plan-Dividend Plan-Quarterly Dividend Option: 21.7151

Reliance Corporate Bond Fund – Dividend Plan – Quarterly Dividend Option: 0.2455

Reliance Corporate Bond Fund – Direct Plan - Dividend Plan – Quarterly Dividend Option: 0.2656

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Birla Sun Life Emerging Leaders Fund -Series 5 Floats On

Dec 15 2014 4:56PM

Birla Sun Life Mutual Fund has launched a new fund named as Birla Sun Life Emerging Leaders Fund – Series 5, a close ended equity scheme. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 15 December and close on 26 December 2014.

The primary objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of small & mid cap companies.

The scheme offers growth and dividend (payout) options under both regular plan and direct plan.

The scheme shall invest 80-100% in equity and equity related securities (Out of which: Small & Mid Caps: 60% - 100% and Other than Small & Mid Caps: 0% - 40%) and up to 20% in cash, money market* & debt instruments*.

*In case of investments in debt and money market instruments, the scheme shall invest only in such securities which mature on or before the date of the maturity of the scheme. In case of securities with put options, the maturity shall be reckoned with respect to the final maturity date and not the “put option” date.

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry load and exit load charge will be Nil.

Benchmark Index for the scheme is S&P BSE Midcap Index.

The fund managers of the scheme will be Mahesh Patil and Milind Bafna.

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ICICI Prudential Fixed Maturity Plan – Series 76 – 1100 Days Plan D Floats On

Dec 15 2014 4:55PM

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan – Series 76 – 1100 Days Plan D, a close ended debt scheme. The tenure of the scheme is 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue opens for subscription from 15 December to 19 December 2014.

The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the scheme.

Presently, two options are available under the scheme viz. cumulative and dividend with only dividend payout option.

The scheme will invest 70%-100% of its assets in debt instruments including securitized debt and invest upto 30% of assets in money market instruments with low to medium risk profile. The scheme will not have any exposure to derivatives and if a plan decides to invest in securitized debt (Single loan and / or Pool loan Securitized debt), it could be upto 25% of the corpus of the Plan.

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.

The scheme is proposed to be listed on NSE.

Entry load and exit load charge are not applicable for the scheme.

Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.

The fund managers of the scheme are Rahul Goswami and Rohan Maru.

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UTI Fixed Income Interval Fund-Quarterly Interval Plan-I Announces Dividend

Dec 12 2014 2:19PM

UTI Mutual Fund has announced 17 December 2014 as the record date for declaration of dividend under the dividend option of UTI Fixed Income Interval Fund-Quarterly Interval Plan-I. The amount of dividend on the face value of Rs 10 per unit will be 100% of distributable surplus as on the record date.

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IDFC MF Announces Dividend Under IDFC Fixed Term Plan Series

Dec 12 2014 2:09PM

IDFC Mutual Fund has announced 17 December 2014 as the record date for declaration of dividend under the dividend option of following schemes. The quantum of dividend (Rs per unit) on the face value of Rs 10 per unit will be:

IDFC Fixed Term Plan – Series 1 – Quarterly: 0.2126

IDFC Fixed Term Plan – Series 4 – Quarterly: 0.2130

IDFC Fixed Term Plan – Series 21 - Regular Plan-Quarterly: 0.2149

IDFC Fixed Term Plan – Series 23 - Regular Plan-Quarterly: 0.2158

IDFC Fixed Term Plan – Series 24 - Regular Plan-Quarterly: 0.2183

IDFC Fixed Term Plan – Series 26 - Regular Plan-Quarterly: 0.2134

IDFC Fixed Term Plan – Series 28 - Regular Plan-Quarterly: 0.2939

IDFC Fixed Term Plan – Series 29 - Regular Plan-Quarterly: 0.2125

IDFC Fixed Term Plan – Series 39 – Direct Plan-Quarterly: 0.2139

IDFC Fixed Term Plan – Series 41 - Regular Plan-Quarterly: 0.2088

IDFC Fixed Term Plan – Series 42 - Regular Plan-Quarterly: 0.1401

IDFC Fixed Term Plan – Series 48 - Regular Plan-Quarterly: 0.2122

IDFC Fixed Term Plan – Series 49 – Direct Plan-Quarterly: 0.0162

IDFC Fixed Term Plan – Series 51 - Regular Plan-Quarterly: 0.2100

IDFC Fixed Term Plan – Series 57 - Regular Plan-Quarterly: 0.2083

IDFC Fixed Term Plan – Series 60 - Regular Plan-Quarterly: 0.2089

IDFC Fixed Term Plan – Series 62 - Regular Plan-Quarterly: 0.2050

IDFC Fixed Term Plan – Series 64 - Regular Plan-Quarterly: 0.2004

IDFC Fixed Term Plan – Series 64 – Direct Plan-Quarterly: 0.2116

IDFC Fixed Term Plan – Series 65 - Regular Plan-Quarterly: 0.1970

IDFC Fixed Term Plan – Series 70 - Regular Plan-Quarterly: 0.1983

IDFC Fixed Term Plan – Series 71 - Regular Plan-Quarterly: 0.2198

IDFC Fixed Term Plan – Series 67 - Regular Plan-Quarterly: 0.1956

IDFC Fixed Term Plan – Series 69 - Regular Plan-Quarterly: 0.2006

IDFC Fixed Term Plan – Series 74 - Regular Plan-Quarterly: 0.2008

IDFC Fixed Term Plan – Series 76 - Regular Plan-Quarterly: 0.1989

IDFC Fixed Term Plan – Series 76 – Direct Plan-Quarterly: 0.2012

IDFC Fixed Term Plan – Series 81 – Direct Plan-Quarterly: 0.2054

IDFC Fixed Term Plan – Series 79 – Regular Plan-Quarterly: 0.1984

IDFC Fixed Term Plan – Series 84 – Direct Plan-Quarterly: 0.2110

IDFC Fixed Term Plan – Series 88 – Regular Plan-Quarterly: 0.2090

IDFC Fixed Term Plan – Series 89 – Regular Plan-Quarterly: 0.2232

IDFC Fixed Term Plan – Series 90 – Regular Plan-Quarterly: 0.2279

IDFC Fixed Term Plan – Series 91 – Regular Plan-Quarterly: 0.2100

IDFC Fixed Term Plan – Series 92 – Regular Plan-Quarterly: 0.2167

IDFC Fixed Term Plan – Series 93 – Regular Plan-Quarterly: 0.2163

IDFC Fixed Term Plan – Series 97 – Regular Plan-Quarterly: 0.2156

IDFC Fixed Term Plan – Series 97 – Direct Plan-Quarterly: 0.2179

IDFC Fixed Term Plan – Series 99 – Regular Plan-Quarterly: 0.2133

IDFC Fixed Term Plan – Series 52 – Regular Plan – Periodic & Half yearly: Entire distributable surplus as on the record date

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UTI MF Announces Change In Exit Load Structure Under Two Schemes

Dec 5 2014 4:24PM

UTI Mutual Fund has announced change in exit load structure under the following schemes, with effect from 05 December 2014.

Accordingly, the exit load will be:

UTI Short Term Income Fund:

If exited less than or equal to 30 days, the exit load will be 0.25% and the exit load will be Nil, if exited after 30 days.

UTI Bond Fund: Nil.

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Castorseed dips on higher arrivals

Dec 15 2014 4:59PM

 Castorseed prices fell by 0.28 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for December 2014 contract was trading at Rs. 4,657 per quintal tonnes, down by 0.28 per cent, after opening at Rs. 4,690 against the previous closing price of Rs. 4,670. It touched the intra-day low of Rs. 4,635 till the trading. (At 3.52 PM today).

Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 per cent share of the international trade in this commodity followed by China & Brazil.

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Disappointing China data weighs on Copper

Dec 12 2014 2:21PM

Copper futures fell in the domestic market on Friday as investors and speculators exited positions in the industrial metal after China’s industrial output grew at a weaker pace in November, signaling a deepening economic slowdown in the world’s biggest metals consumer, clouding the demand outlook for copper. Factory output grew 7.2 per cent, year on year in November 2014, the lowest pace of growth in three months, and missing the 7.5 per cent gain estimated by analysts. At the MCX, copper futures for February 2015 contract is trading at Rs. 408.15 per 1 kg, down by 0.12 per cent, after opening at Rs. 409.15, against the previous closing price of Rs. 408.65. It touched an intra-day low of Rs. 407.95

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Cardamom prices fell by 1.17 per cent on Friday

Dec 5 2014 4:32PM

 Cardamom prices fell by 1.17 per cent on Friday at the Multi Commodity Exchange (MCX) on account of good selling activity from traders and speculators. At MCX, Cardamom futures for December 2014 contract were trading at Rs 777.50 per kg, up by 1.17 per cent, after opening at Rs. 790 against the previous closing price of Rs. 786.70. It touched the intra-day low of Rs. 773.60 till the trading. (At 03.10 PM today). Sentiment declined further as a result of declining demand in the market against over supply from producing belts of Chandausi in Uttar Pradesh.

Kerala (70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent) are the cardamom growing states in India while about 90 per cent of the produce is consumed within the nation. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.

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Lead increases as stockpiles decline

Dec 5 2014 4:29PM

Lead prices rose at the domestic commodity market on Friday as the stockpiles of the base metal at the London Metal Exchange (LME) declined. LME linc stocks declined by 2300 metric tonnes to 226775 metric tonnes as on December 5, 2014.

At the MCX, lead futures, for the December 2014 contract, is trading at Rs 126.30 per kg, up by 0.04 per cent, after opening at Rs 126.10, against a previous close of Rs 126.25. It touched an intra-day high of Rs 126.40 till the trading

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Copper slides on sluggish global demand outlook

Dec 2 2014 1:58PM

Copper prices fell by 0.83 per cent on Tuesday at the domestic markets after weak Chinese and Euro area manufacturing data showed that factories had grinded to a halt which in turn reduced the demand prospects for the industrial metal. China’s manufacturing gauge slumped to the no-change 50 mark last month from 50.4 in October, while that in the Euro area fell to 50.1 from 50.6. At the MCX, copper futures for February 2015 contract were trading at Rs.400.20 per 1 kg, down by 0.83 per cent, after opening at Rs. 400.85 against the previous closing price of Rs. 403.55. It touched the intra-day low of Rs. 400.10 till the trading. (At 11.33 AM today).

However, losses were limited the Institute for Supply Management said its index of purchasing managers fell to 58.7 last month from a reading of 59.0 in October easing concerns over the health of the economy which raised the demand outlook for the metal.

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Coriander prices fell by 0.35 per cent

Dec 2 2014 1:57PM

Coriander prices fell by 0.35 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for December 2014 contract were trading at Rs. 13,025 per quintal, down by 0.35 per cent, after opening at Rs. 13,199 against the previous closing price of Rs. 13,071. It touched the intra-day low of Rs. 13,216 till the trading. (At 12.20 PM today).

Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market.

Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian

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Gold Future slumped in Mcx market

Dec 1 2014 2:16PM

Gold futures slumped in the domestic market on Monday as investors and speculators booked fresh positions in the precious metal tracking a weak trend in the overseas market after Swiss voters rejected a plan for the country’s central bank to boost bullion reserves. 77 per cent of Swiss voters said no to a plan for the Swiss National Bank to hold a fixed proportion of its assets in bullion. A plunge in oil prices to a five-year low signaled weaker global inflation, dimming the appeal of gold as a hedge against the inflationary risk of monetary stimulus. Gold futures for December 2014 contract, at MCX, is trading at Rs. 25,348 per 10 grams, down by 1.73 per cent, after opening at Rs. 25,401, against the previous closing price of Rs 25,794. It touched an intra-day low of Rs 25,224

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Castorseed rises on demand from consuming industries

Dec 1 2014 2:14PM

Castorseed prices rose by 0.72 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for December 2014 contract were trading at Rs. 4,450 per quintal tonnes, up by 0.72 per cent, after opening at Rs. 4,455 against the previous closing price of Rs. 4,418. It touched the intra-day high of Rs. 4,461 till the trading. (At 12.15 PM today).

Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.

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Profit Krishna

Mid-Session: Sensex gains 250 points; CDS up by 4%

Dec 18 2014 1:22PM

The markets continued to trade in a positive territory during the afternoon session led by gains in Consumer Durables index followed by Bankex, Capital goods and Realty indices. The D-street sentiments were boosted after a progress on big-ticket policy reforms, with the cabinet approving the Constitutional Amendment Bill on the Goods and Service Tax (GST) has also been received positively by traders. Meanwhile, GAIL (India), Bharat Heavy Electricals, Hindalco Industries, Tata Power Company, Cipla were among the major notable gainers.

At 12:17 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 26953.62 up by 243.49 points or by 0.91 % and then NSE Nifty was at 8102.9 up by 73.1 points or by 0.91 %.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2625, shares advanced were 1942 while 599 shares declined and 84 were unchanged.

The BSE MIDCAP was at 9919.08 up by 212.63 points or by 2.19 %, while the BSE SMLCAP was at 10777.62 up by 261.5 points or by 2.49 %.

The top gainers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 436.00,+4.57%), Bharat Heavy Electricals Ltd. (Rs. 256.00,+4.38%), Hindalco Industries Ltd. (Rs. 153.40,+4.18%), Tata Power Company Ltd. (Rs. 81.20,+3.24%), Cipla Ltd. (Rs. 623.30,+2.98%), among others.

The top losers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 1078.40,-0.90%), Hero MotoCorp Ltd. (Rs. 3042.00,-0.65%), Hindustan Unilever Ltd. (Rs. 764.75,-0.22%), Reliance Industries Ltd. (Rs. 868.60,-0.16%), Mahindra & Mahindra Ltd. (Rs. 1218.10,-0.14%), among others.

Among the thirteen sectoral indices, BSE CDS index was at 9414.23 up by 395.24 points or by 4.38%. PC Jeweller Ltd. (Rs. 199.75,+15.63%), Titan Company Ltd. (Rs. 375.50,+5.91%), Bajaj Electricals Ltd. (Rs. 214.30,+3.98%), Symphony Ltd. (Rs. 1807.30,+3.06%), Rajesh Exports Ltd. (Rs. 143.25,+2.28%),.

In BSE, BSE Oil&Gas index was at 9754.22 down by 71.14 points or by 0.73%. Bharat Petroleum Corporation Ltd. (Rs. 644.50,-0.42%), Reliance Industries Ltd. (Rs. 868.60,-0.16%),.

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Profit Krishna

LME Inventory

Oct 21 2014 1:52PM

       COPPER: -100

       ZINC: -1650

       LEAD: 0

       NICKLE: +630

       ALUMINIUM: -1015

LME Cancelled Warrants

       COPPER: -[0.05]

       ZINC: -[0.18]

       LEAD: -[]

       NICKLE: -[0.08]