Close Ticker
ISO 9001:2008 Certified Equity and Commodity Advisory Company in Hyderabad, India.
  Blog facebook facebook Pinterest Twitter youtube
Mobile Call Us: +91 9618 918 918
+91 9063 918 918

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.

Testimonials

  • I seen first time with best reasonable subscription prices & best accuracy rate. It is a value for our money and best advisory site for all low capital investment traders. I will pledge for that ~ Bala Subramanyam, Retd. Professor , Chennaii

  • I am an intraday trader in Stock Futures. Earlier I was seen profitkrishna about stock tips service. I just visited website and filled out stock tips free trial form for intraday trading tips. And what I got was highest returns ever  ~ Badrinath, Gowhati

  • Thanks for giving such fantabulous Commodity Tips and hope you will give such good tips in future also. Along with Commodity, I've also started taking your F&O service, achieving good proceeds ~ Prateek Shah, Kerela

  • Fantastic Recommendations your Stock & Option Tips of PURE TECHNICAL ANALYSIS. From the Free Trial itself I realized that PROFITKRISHNA is the Best Share Genuine tips provider. Heart full wishes to your team ~ Basheer, Surat

  • Madam, Your Follow Up and Profit Booking in calls and revising stop losses in time are good service. I am earning good profits with your calls. Keep it up god gives strength to You & your team ~ Raju, Adoni

  • All Stock Future Recommendations have done extremely well, with a high percentage of Success ~ Suresh Govindarajan, Bangalore

  • Dear Madam, Thanks for Good Option Service as per your promise shown 400% return on Feb Month ~ Kubeer, Chennai

  • I am Follower of your Weekly News Letter, Best review on weekly Market scenario. I got clear Idea on Market through your news letter only, Thanks a Lot ~ Padmaja, Hyderabad

  • Your F&O calls BGR ENERGY really rocks I, made good Profits in a single call, Good follow up in time to time, You are really tremendous ~ Chirag, Ahmedabad

  • Your Commodity calls are amazing success rate. I have been tracking & gaining since last 2 months ~ Antony, Kolkata

* 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.
Profit Krishna
Investment Ideas

We Provide 3-5 best Investment Calls Every Month with a holding period of Short to Medium to Long Term Horizon {Min. 2 Months to Max. 10 Months} Calls are making the majority PROFITS with Small Investments and giving Maximum Return on Investments.

Profit Krishna
Free Trial










Close
Profit Krishna

Volumes jump at Take Solutions Ltd counter

Sep 24 2018 1:10PM


Central Bank of India, ITD Cementation India Ltd, Sun Pharmaceuticals Industries Ltd, Jagran Prakashan Ltd are among the other stocks to see a surge in volumes on BSE today, 24 September 2018.
Take Solutions Ltd saw volume of 3.89 lakh shares by 10:47 IST on BSE, a 21.89 fold spurt over two-week average daily volume of 17776 shares. The stock dropped 1.28% to Rs.170.00. Volumes stood at 40060 shares in the last session.
Central Bank of India recorded volume of 9.03 lakh shares by 10:47 IST on BSE, a 19.31 times surge over two-week average daily volume of 46754 shares. The stock lost 16.40% to Rs.44.60. Volumes stood at 1.72 lakh shares in the last session.
ITD Cementation India Ltd witnessed volume of 33162 shares by 10:47 IST on BSE, a 2.66 times surge over two-week average daily volume of 12474 shares. The stock increased 5.20% to Rs.127.55. Volumes stood at 32185 shares in the last session.
Sun Pharmaceuticals Industries Ltd notched up volume of 14.55 lakh shares by 10:47 IST on BSE, a 2.65 fold spurt over two-week average daily volume of 5.50 lakh shares. The stock slipped 0.19% to Rs.634.30. Volumes stood at 4.9 lakh shares in the last session.
Jagran Prakashan Ltd registered volume of 6632 shares by 10:47 IST on BSE, a 1.95 fold spurt over two-week average daily volume of 3405 shares. The stock slipped 1.68% to Rs.114.05. Volumes stood at 3360 shares in the last session.

Close
Profit Krishna

SEL Manufacturing Company Ltd leads gainers in 'B' group

Sep 24 2018 1:09PM


IL&FS Engineering & Construction Co Ltd, ITD Cementation India Ltd, TD Power Systems Ltd and Banaras Beads Ltd are among the other gainers in the BSE's 'B' group today, 24 September 2018.
SEL Manufacturing Company Ltd surged 16.28% to Rs 1.5 at 24-Sep-2018 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1.18 lakh shares were traded on the counter so far as against the average daily volumes of 42373 shares in the past one month.
IL&FS Engineering & Construction Co Ltd soared 11.84% to Rs 13.7. The stock was the second biggest gainer in 'B' group. On the BSE, 90245 shares were traded on the counter so far as against the average daily volumes of 29505 shares in the past one month.
ITD Cementation India Ltd spiked 10.43% to Rs 133.9. The stock was the third biggest gainer in 'B' group. On the BSE, 42357 shares were traded on the counter so far as against the average daily volumes of 13364 shares in the past one month.
TD Power Systems Ltd jumped 8.81% to Rs 125.35. The stock was the fourth biggest gainer in 'B' group. On the BSE, 24070 shares were traded on the counter so far as against the average daily volumes of 9624 shares in the past one month.
Banaras Beads Ltd spurt 8.42% to Rs 52.15. The stock was the fifth biggest gainer in 'B' group. On the BSE, 100 shares were traded on the counter so far as against the average daily volumes of 359 shares in the past one month.

Close
Profit Krishna

Tata Consultancy Services Ltd spurts 3.43%, gains for third straight session

Sep 24 2018 1:08PM

Tata Consultancy Services Ltd is up for a third straight session in a row. The stock is quoting at Rs 2175.25, up 3.43% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.37% on the day, quoting at 10990.7. The Sensex is at 36419.83, down 1.14%. Tata Consultancy Services Ltd has added around 6.06% in last one month.
Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has added around 4.16% in last one month and is currently quoting at 15833.5, up 2.06% on the day. The volume in the stock stood at 15.99 lakh shares today, compared to the daily average of 22.51 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 2181.1, up 3.35% on the day. Tata Consultancy Services Ltd is up 73.27% in last one year as compared to a 11.33% gain in NIFTY and a 52.9% gain in the Nifty IT index.
The PE of the stock is 31.33 based on TTM earnings ending June 18.

Close
Profit Krishna

KPIT Technologies Ltd drops for fifth straight session

Sep 21 2018 8:22PM

KPIT Technologies Ltd fell for a fifth straight session today. The stock is quoting at 278.55, down 4.46% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.67% on the day, quoting at 11159.25. The Sensex is at 36911.15, down 0.57%.KPIT Technologies Ltd has eased around 5.91% in last one month.Meanwhile, Nifty IT index of which KPIT Technologies Ltd is a constituent, has increased around 3.32% in last one month and is currently quoting at 16063.95, down 1.45% on the day. The volume in the stock stood at 11.89 lakh shares today, compared to the daily average of 18.82 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 283.45, down 3.23% on the day. KPIT Technologies Ltd jumped 134.96% in last one year as compared to a 11.99% rally in NIFTY and a 48.9% spurt in the Nifty IT index.
The PE of the stock is 27.56 based on TTM earnings ending June 18.

Close
Profit Krishna

GPT Infraprojects Ltd leads losers in 'B' group

Sep 21 2018 8:22PM

IL&FS Investment Managers Ltd, Nila Infrastructures Ltd, Thiru Arooran Sugars Ltd and Karda Construction Ltd are among the other losers in the BSE's 'B' group today, 21 September 2018.
GPT Infraprojects Ltd tumbled 19.52% to Rs 104.95 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 5714 shares were traded on the counter so far as against the average daily volumes of 4281 shares in the past one month.
IL&FS Investment Managers Ltd crashed 17.90% to Rs 7.2. The stock was the second biggest loser in 'B' group.On the BSE, 4.92 lakh shares were traded on the counter so far as against the average daily volumes of 2.56 lakh shares in the past one month.
Nila Infrastructures Ltd lost 16.02% to Rs 8.7. The stock was the third biggest loser in 'B' group.On the BSE, 1.29 lakh shares were traded on the counter so far as against the average daily volumes of 66163 shares in the past one month.
Thiru Arooran Sugars Ltd plummeted 15.15% to Rs 28. The stock was the fourth biggest loser in 'B' group.On the BSE, 11598 shares were traded on the counter so far as against the average daily volumes of 11783 shares in the past one month.
Karda Construction Ltd shed 14.38% to Rs 187. The stock was the fifth biggest loser in 'B' group.On the BSE, 53771 shares were traded on the counter so far as against the average daily volumes of 45397 shares in the past one month.

Close
Profit Krishna

Dewan Housing Finance Corporation Ltd leads losers in 'A' group

Sep 21 2018 8:21PM

Yes Bank Ltd, Infibeam Avenues Ltd, Central Bank of India and IL&FS Transportation Networks Ltd are among the other losers in the BSE's 'A' group today, 21 September 2018.
Dewan Housing Finance Corporation Ltd lost 43.25% to Rs 346.5 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 120.14 lakh shares were traded on the counter so far as against the average daily volumes of 1.97 lakh shares in the past one month.
Yes Bank Ltd crashed 29.29% to Rs 225.2. The stock was the second biggest loser in 'A' group.On the BSE, 192.49 lakh shares were traded on the counter so far as against the average daily volumes of 17.57 lakh shares in the past one month.
Infibeam Avenues Ltd tumbled 24.40% to Rs 177.5. The stock was the third biggest loser in 'A' group.On the BSE, 27.13 lakh shares were traded on the counter so far as against the average daily volumes of 6.13 lakh shares in the past one month.
Central Bank of India corrected 19.95% to Rs 53.35. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.55 lakh shares were traded on the counter so far as against the average daily volumes of 17122 shares in the past one month.
IL&FS Transportation Networks Ltd shed 16.98% to Rs 19.8. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.69 lakh shares were traded on the counter so far as against the average daily volumes of 1.54 lakh shares in the past one month.

Close
Profit Krishna

Rolta India Ltd leads losers in 'B' group

Sep 19 2018 5:27PM


KIOCL Ltd, Kanani Industries Ltd, HDFC Asset Management Company Ltd and Schneider Electric Infrastructure Ltd are among the other losers in the BSE's 'B' group today, 19 September 2018.
Rolta India Ltd crashed 19.96% to Rs 20.25 at 14:33 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 2.55 lakh shares were traded on the counter so far as against the average daily volumes of 2.7 lakh shares in the past one month.
KIOCL Ltd lost 19.88% to Rs 183.8. The stock was the second biggest loser in 'B' group.On the BSE, 87621 shares were traded on the counter so far as against the average daily volumes of 29202 shares in the past one month.
Kanani Industries Ltd tumbled 10.71% to Rs 6.25. The stock was the third biggest loser in 'B' group.On the BSE, 924 shares were traded on the counter so far as against the average daily volumes of 541 shares in the past one month.
HDFC Asset Management Company Ltd shed 8.15% to Rs 1414.65. The stock was the fourth biggest loser in 'B' group.On the BSE, 6.41 lakh shares were traded on the counter so far as against the average daily volumes of 1.35 lakh shares in the past one month.
Schneider Electric Infrastructure Ltd pared 7.78% to Rs 115.6. The stock was the fifth biggest loser in 'B' group.On the BSE, 60834 shares were traded on the counter so far as against the average daily volumes of 37788 shares in the past one month.

Close
Profit Krishna

Reliance Nippon Life Asset Management Ltd leads losers in 'A' group

Sep 19 2018 5:26PM

Reliance Infrastructure Ltd, Reliance Capital Ltd, Reliance Communications Ltd and UCO Bank are among the other losers in the BSE's 'A' group today, 19 September 2018.
Reliance Nippon Life Asset Management Ltd crashed 12.35% to Rs 187.7 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.06 lakh shares were traded on the counter so far as against the average daily volumes of 12712 shares in the past one month.
Reliance Infrastructure Ltd tumbled 9.69% to Rs 386.45. The stock was the second biggest loser in 'A' group.On the BSE, 5.5 lakh shares were traded on the counter so far as against the average daily volumes of 5.6 lakh shares in the past one month.
Reliance Capital Ltd lost 8.90% to Rs 357.2. The stock was the third biggest loser in 'A' group.On the BSE, 8.74 lakh shares were traded on the counter so far as against the average daily volumes of 5.24 lakh shares in the past one month.
Reliance Communications Ltd slipped 8.36% to Rs 14.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 73.95 lakh shares were traded on the counter so far as against the average daily volumes of 85.63 lakh shares in the past one month.
UCO Bank plummeted 7.97% to Rs 19.05. The stock was the fifth biggest loser in 'A' group.On the BSE, 76704 shares were traded on the counter so far as against the average daily volumes of 95870 shares in the past one month.

Close
Profit Krishna

Wipro Gallagher Solutions Launches NetOxygen Saas for Loan Origination

May 21 2018 8:27PM

Wipro Gallagher Solutions, a Wipro company announced the launch of its NetOxygen Saas loan origination solution for mortgage lenders.
NetOxygen Saas brings the power of NetOxygen, an enterprise class loan origination system that helps lenders reduce origination costs and boost production efficiency through automation. NetOxygen connects to a front end portal and fintech offerings thus providing seamless interactions to improve borrower experience. NetOxygen Saas enables quicker deployment and scalability to match business growth with an all-inclusive, per transaction pricing, which is based on business outcomes.
NetOxygen Saas provides comprehensive product coverage across mortgage, home equity, HELOC (home equity line of credit) and unsecured credit lines origination. The platform integrates an extensive vendor ecosystem which provides multiple options for standard services like credit, appraisals, fraud checks, etc. NetOxygen Saas supports retail, correspondent and wholesale markets, and also enables niche offerings like construction lending for one close, multiple close, homestyle renovation and FHA construction.

Close
Profit Krishna

Phoenix Mills allots 10,000 equity shares

Apr 25 2018 12:58PM

Phoenix Mills has allotted 10,000 equity shares of Rs. 2/- each fully paid-up at an exercise price of Rs. 333.90/- per share to the grantees upon exercise of stock options pursuant to The Phoenix Mills Employees Stock Option Plan 2007.
Consequent upon allotment of the above shares, the equity share capital of the Company stand increased from present level of 15,31,70,351 (Nos.) to 15,31,80,351 (Nos.) equity shares of Rs. 2/- each.

Close
Profit Krishna

Lupin receives final approval for Tetrabenazine Tablets

Apr 23 2018 2:12PM

Lupin announced that it has received final approval for its Tetrabenazine Tablets, 125 mg and 25 mg from the United States Food and Drug Administration (FDA) to market a generic version of Valeant pharmaceuticals North America, LLC's Xenazine® Tablets, 12.5 mg and 25 mg.
Lupin's Tetrabenazine Tablets, 12.5 mg and 25 mg are the generic equivalent of Va Ie ant Pharmaceuticals North America, LLC's Xenazine® Tablets, 12.5 mg and 25 mg. It is indicated for the treatment of chorea associated with Huntington's disease.
Tetrabenazine Tablets, 125 mg and 25 mg had annual sales of approximately USD 288.1 million in the US (IQVIA MAT Jan 2018).


Close
Profit Krishna

Board of Axis Bank commences succession process

Apr 20 2018 10:56PM

The Board of Axis Bank has commenced the succession process to appoint a new Managing Director & CEO of the Bank. The Board has appointed Egon Zehnder, a global leadership advisory firm, to conduct the succession process and evaluate candidates for the said post. The Board will ensure that the said process will be completed before the end of Shikha Sharma's tenure and thus facilitate smooth transition of leadership responsibilities at the Bank.

Close
Profit Krishna

Electrosteel Steels update on resolution plan

Apr 20 2018 10:55PM


Electrosteel Steels announced that as per the resolution plan which was submitted by Vedanta for acquisition of the Company under the provisions of the Insolvency and Bankruptcy Code, 2016, and which was approved by the National Company Law Tribunal (Kolkata Bench) (NCLT) pursuant to its order dated 17 April 2018 (Resolution Plan), on and from the date of approval of the Resolution Plan by the NCLT (i.e. 17 April 2018) until the date on which Vedanta acquires control of the Company as per terms of the Resolution Plan, the Company is required to be monitored by an Independent Managing Authority (IMA) under the instructions, control and management of a Steering Committee.
The Steering Committee has been constituted as per the terms of the Resolution Plan and comprises of majority nominees representing the financial creditors of the Company and minority nominees from Vedanta.
In addition to the above, PricewaterhouseCoopers Private Limited has also been appointed as the IMA by the Steering Committee.
In view of the above, the erstwhile Resolution Professional (i.e. Mr. Dhaivat Anjaria) has handed over the management of affairs of the Company to the IMA, which is acting under the supervision and instructions of the Steering Committee.

Close
Profit Krishna

Board of Visco Trade Associates approves change in directorate

Apr 18 2018 10:47PM


Visco Trade Associates announced that the Board of Directors of the company at its meeting held on 18 April 2018 has approved the matter relating for the resignation of Debasish Roy –Director (DIN- 00661173) and appointment of Dipak Sundarka- Additional Independent Director (DIN-05297111) of the Company for the period of 5 years w.e.f 18 April 2018 interalia to consider, approved and take on record.

Close
Profit Krishna

Board of Mindtree approves change in directorate

Apr 18 2018 10:47PM

The Board of Mindtree has approved and recommended the appointment of Bijou Kurien, as Independent director of the Company for a term of three years from 17 July 2018. The Board accepted the resignation of Manisha Girotra, Independent Director, due to pre-occupation, with immediate effect.

Close
Profit Krishna

BOI AXA Midcap Tax Fund – Series 1 Announces Dividend

Dec 4 2017 6:11PM

BOI AXA Mutual Fund has launched a new fund named as BOI AXA Midcap Tax Fund – Series 1, a 10 year closed-ended equity linked savings scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 10 November 2017 to 09 February 2018.The scheme seeks to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related securities of midcap companies along with income tax benefit.The scheme offers growth and dividend options under both regular plan and direct plan. Dividend option has dividend payout facility.The scheme shall invest 65%-100% of assets in madcap equity & equity related securities such as cumulative convertible preference shares and fully convertible debentures and bonds of companies etc. and invest upto 35% of assets in other equity & equity related securities such as cumulative convertible preference shares and fully convertible debentures and bonds of companies etc. with high risk profile and invest upto 35% of assets in debt & money market instruments with low to medium risk profile.Minimum application amount is Rs 500 and in multiples of Rs 500 thereafter.Entry load & entry load: NilBenchmark Index for the scheme is Nifty Midcap 100 Index.The fund manager of the scheme is Alok Singh


Close
Profit Krishna

Canara Robeco MF Announces Quarterly Dividend under its schemes

Sep 24 2018 1:14PM

Canara Robeco Mutual Fund has announced 28 September 2018 as the record date for declaration of quarterly dividend under the following schemes. The quantum of dividend (Rs per unit) on the face value of Rs 10 per unit will be:
Canara Robeco Income Fund – Regular Plan – Quarterly Dividend Option & Direct Plan – Quarterly Dividend Option: 0.20 each
Canara Robeco Conservative Hybrid Fund – Regular Plan – Quarterly Dividend Option & Direct Plan – Quarterly Dividend Option: 0.30 each
Canara Robeco Short Duration Fund – Regular Plan – Quarterly Dividend Option & Direct Plan – Quarterly Dividend Option: 0.18 each

Close
Profit Krishna

ICICI Prudential Balanced Advantage Fund Announces Dividend

Sep 24 2018 1:13PM


ICICI Prudential Mutual Fund has announced 28 September 2018 as the record date for declaration of dividend on the face value of Rs 10 per unit under the monthly dividend option and direct plan – monthly dividend option of ICICI Prudential Balanced Advantage Fund. The amount of dividend will be Rs 0.05 per unit under each plan / option as on the record date.

Close
Profit Krishna

Baroda Pioneer Mutual Fund Announces Dividend & Quarterly Dividend under its schemes

Sep 21 2018 8:24PM

Baroda Pioneer Mutual Fund has announced 26 September 2018 as the record date for declaration of dividend in the following schemes. The proposed dividend on the face value of Rs 10 per unit (except for Baroda Pioneer Treasury Advantage Fund, which has a face value of Rs 1000 per unit) will be:
Baroda Pioneer Hybrid Equity Fund-Plan A & Plan B (Direct) - Dividend Option: Rs 0.40 per unit each.
Baroda Pioneer Treasury Advantage Fund-Quarterly Dividend Option- Plan A & Plan B (Direct)-Quarterly Dividend Option: Rs 17.00 per unit each.
Baroda Pioneer Credit Risk Fund- Plan A & Plan B (Direct)-Quarterly Dividend Option: Rs 0.21 per unit each.
Baroda Pioneer Conservative Hybrid Fund - Plan A - Quarterly Dividend Option: Rs 0.20 per unit.
Baroda Pioneer Short Term Bond Fund- Plan A & Plan B (Direct)-Quarterly Dividend Option: Rs 0.17 per unit each.

Close
Profit Krishna

HDFC FMP 1372D September 2018 (1) Floats On

Sep 21 2018 8:23PM

HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 1372D September 2018 (1), a plan under HDFC Fixed Maturity Plans – Series 42 (a close ended income scheme). The tenure of the scheme is 1372 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 26 September 2018 to 27 September 2018.
The investment objective of the plan is to generate income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the respective plan.
The scheme offers growth option, dividend option and quarterly dividend option.
The plan would invest 80%-100% of assets in debt instruments & government securities with medium risk profile and invest upto 20% of assets in money market instruments with low risk profile.
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 20 crore under the scheme during the NFO period.
Entry and exit load charge will be not applicable for the plan.
Benchmark Index for the plan is CRISIL Composite Bond Fund Index.
The fund manager of the scheme is Anupam Joshi.

Close
Profit Krishna

Aditya Birla Sun Life Fixed Term Plan – Series RF (1290 days) Floats On

Sep 19 2018 5:28PM

Aditya Birla Sun Life Mutual Fund has launched a new fund named as Aditya Birla Sun Life Fixed Term Plan – Series RF (1290 days), a close ended income scheme. The tenure of the scheme is 1290 days from the date of allotment of units. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 24 September 2018 to 24 September 2018.
The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
The scheme offers two options viz. growth and dividend option with Normal Dividend sub-option (Payout Facility) and Quarterly Dividend sub-option (Payout Facility).
The scheme would invest 80% - 100% of assets in debt securities including government securities (excluding money market instruments) with low to medium risk profile and upto 20% of assets in money market instruments with low to medium risk profile.
The minimum application amount is Rs 1000 and in multiples of Rs 10 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.
Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.
The fund manager of the scheme will be Mohit Sharma.

Close
Profit Krishna

ICICI Prudential Manufacture in India Fund Floats On

Sep 18 2018 12:56PM

ICICI Prudential Mutual Fund has launched a new plan named as ICICI Prudential Manufacture in India Fund, an open ended equity scheme following manufacturing theme. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 21 September to 05 October 2018.
The investment objective of the scheme is to generate long term capital appreciation by creating a portfolio that is invested predominantly in equity and equity related securities of companies engaged in manufacturing theme.
The plan shall offer direct plan and regular plan with growth option and dividend option (with dividend payout and dividend reinvestment facility).
The plan would invest 80% to 100% of assets in equity and equity related instruments of companies engaged in sectors mentioned in http://www.makeinindia.com/sectors with high risk profile and invest upto 20% of asset in other Equity and Equity related securities with medium to high risk profile and invest upto 20% of asset in Debt, money market instruments, cash & cash equivalents with low to medium risk profile. Investment in derivatives can be upto 50% of the Net Assets of the scheme.
The minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter.
The minimum additional amount is Rs 1000 and in multiples of Re. 1/- thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the plan during the NFO period.
Entry load: Not applicable
Exit load: If Units purchased or switched in from another scheme of the fund is redeemed/switched-out within 18 months from the date of allotment - 1% of the applicable NAV
If units purchased or switched in from another scheme of the fund is redeemed/switched-out for more than 18 months from the date of allotment - NIL
The performance of the scheme would be benchmarked against S&P BSE 500 Index.
The fund managers of the scheme are Anish Tawakley and Mittul Kalawadia. The investments under ADR / GDR and other foreign securities will be managed by Priyanka Khandelwal.

Close
Profit Krishna

IDFC Fixed Term Plan Series – 158 Floats On

Sep 18 2018 12:55PM

IDFC Mutual Fund has launched a new fund named IDFC Fixed Term Plan Series – 158, a close-ended debt scheme. The tenure of the scheme is 1128 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 18 September 2018 to 18 September 2018.
The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.
The scheme offers two options viz. growth and dividend option. Dividend option offers, quarterly, half yearly, periodic dividend options and default option.
The scheme would invest 100% - 80% of its assets in debt securities with medium to high risk profile and upto 20% of assets in money market instruments (including CBLO) with low to medium risk profile.
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 20 crore under the scheme during the NFO period.
Entry load 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 is Anurag Mittal.

Close
Profit Krishna

Sundaram Money Market Fund Floats On

Sep 14 2018 1:00PM


Sundaram Mutual Fund has launched a new fund named as Sundaram Money Market Fund, an open ended debt scheme investing in Money Market instruments having maturity up to one year. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 12 September to 26 September 2018.
The investment objective of the scheme is to generate income by investing in a portfolio comprising of Money Market instruments having maturity up to one year.
The scheme offers options: growth, dividend payout (Monthly & Quarterly) and dividend sweep and dividend reinvestment (daily, weekly, fortnightly, monthly & quarterly).
The scheme would allocate 100% of assets in money market instruments as defined by RBI/SEBI from time to time and cash with low to medium risk profile.
The minimum application amount is Rs 1000 and in multiples of Re. 1/- thereafter.
The minimum additional amount is Rs 1000 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.

Close
Profit Krishna

India's Crude Oil Production Down 3.27% In April-August 2018

Sep 24 2018 1:12PM


India’s Crude oil production during August, 2018 was 2908.12 TMT which is 6.47% lower than target and 3.70% lower when compared with August, 2017. Cumulative crude oil production during April-August, 2018 was 14611.53 TMT which is 3.55% lower than target for the period and 3.27% lower than production during corresponding period of last year.
Natural gas production during August, 2018 was 2789.34 MMSCM which is 8.10% lower than the target for the month but 0.59% higher when compared with August, 2017. Cumulative natural gas production during April-August, 2018 was 13571.68 MMSCM which is 7.77% lower than target for the period and 0.86% lower than the production during corresponding period of last year.

Close
Profit Krishna

Indian Rupee: Falls Further As Dollar Strengthens Overseas

Sep 24 2018 1:11PM

The Indian rupee fell further against the dollar in early trades on Monday, 24 September 2018 as the greenback strengthened overseas, after reports that China had cancelled upcoming trade talks with the US. Losses in domestic equities in volatile early trade also put pressure on the rupee.
The domestic currency opened at Rs 72.47 against the dollar and dipped to a low of 72.4950 so far during the day. In the spot currency market, the Indian unit was last seen trading at 72.4650. The domestic unit had ended 17 paise higher at 72.20 against the dollar Friday on sustained selling of the American currency even as local equities witnessed a high volatility.
Domestic benchmark indices were trading lower in early trade. At 9:21 IST, the barometer index, the S&P BSE Sensex, was down 47.45 points or 0.13% at 36,794.15. The Nifty 50 index was down 25.70 points or 0.23% at 11,117.40.
Overseas, the markets in Japan, South Korea and China are closed for public holidays on Monday. The US-China trade war remains in focus Monday, with tariffs from both parties due to go into effect. Washington has announced 10% duties on $200 billion of Chinese imports, which prompted Beijing to respond with tariffs on $60 billion of US goods. On Friday, the media reported that China had called off planned trade talks with the US in the wake of a new round of duties. In US, the Dow Jones Industrial Average on Friday notched a second straight all-time high, but a slump in technology and internet-related stocks weighed on the broader market, pressuring the Nasdaq.
Meanwhile, the dollar gained following the news that China cancelled its planned trade talks with the U.S. Media reported on the weekend that Beijing is unlikely to resume talks with Washington until after November's mid-term elections. A proposed visit to Washington by vice premier Liu He originally scheduled for this week is also cancelled. The U.S. tariffs on $200 billion worth of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of U.S. products are set to kick in today. The U.S. dollar index, which tracks the greenback against a basket of currencies, was up 0.06% to 93.84.

Close
Profit Krishna

Chana Up Nearly 1% From Intraday Lows

Sep 24 2018 1:11PM

Steady bargain buying at lower levels pulled NCDEX Chana up today after a shaky start. A recent pick up in Chana arrivals in Delhi clubbed with prospects of sturdy rabi sowing prospects has weighed on the commodity recently. The benchmark NCDEX futures fell near Rs 3900 per quintal in early moves before edging up. The counter had seen good buying around the same mark last week as well. The futures are currently trading at Rs 3944 per quintal, still down marginally in red. Spot Chana had dropped near a two month low of around Rs 3800 per quintal end August 2018 and some buying is visible in the commodity now.
Meanwhile, given a good availability of water storage, the sentiments for rabi sowing are appearing good and that is likely to keep major gains in Chana unlikely. The water storage available in 91 major reservoirs of the country for the week ending on September 20, 2018 was 120.087 BCM which is 74% of total storage capacity of these reservoirs. This percentage was at 75% for the week ending on September 13, 2018. The level of water storage in the week ending on September 20, 2018 was 123% of the storage of corresponding period of last year and 105% of storage of average of last ten years.

Close
Profit Krishna

Nickel Remains An Outperformer This Year But Potential Advantage Slips

Sep 21 2018 8:29PM

Nickel has at last surrendered to the base metals cost defeat. It is still the leading year-to-date outperformer among the center major metals exchanged on the London Metal Trade (LME). The energy around the potential boost to nickel request from its utilization in electric vehicle batteries hasn't been completely dispersed. But the electric premium; within the cost has been smashed by the broader showcase concerns almost the raising exchange stand-off between the Joined together States and China. The pressures between nickel's electric future and the metal's current stainless steel reality are all as well apparent and in case anything are aiming to gotten to be more intense the encourage the cost falls.
As per the report from World Bureau of Metal Statistics (WBMS) Nickel market was in shortage amid January to July 2018 with clear request surpassing generation by 43.3 kt. Within the entirety of 2017 the calculated shortfall was 76.3 kt. Reported stocks held within the LME at the conclusion of July 2018 were 112 kt lower than at the conclusion of the past year. Refined generation in January to July 2018 totalled 1087.8 kt and request was 1131.1 kt. Mine generation amid January to July was 1228.3 kt, 141 kt over the comparable 2017 add up to.
Chinese smelter/refinery output increased by 3 kt compared with 2017 and apparent demand was 18 kt higher than in the previous year. World apparent demand was 93 kt higher than the previous year. In July 2018, nickel smelter/refinery production was 161.8 kt and consumption was 170.9 kt.

Close
Profit Krishna

Copper Remains Assisted by Wobbly Dollar

Sep 21 2018 8:26PM


MCX Copper was trading at Rs 443.8 per kg, up 1.1%. The red metal have been outperforming the broader market. The prices tested a high of Rs 444 per kg, and a low of Rs 439.5 per kg. Mining giant BHP Billiton Ltd said that a fire at its Spence copper mine in Chile had constrained it to mostly closed down operations. Spence delivered 198,600 tons of copper in 2017.
Meanwhile, the US dollar index battled close two-month lows on diminished safe-haven request in the midst of the switch in investors' view that the Sino-US trade struggle would be less harming to world economy than initially thought.
Top global miner Rio Tinto said it'll return $3.2 billion to shareholders taking after the later deal of a few Australian coal assets. Rio said it'll conduct an off-market share buyback for up 41.2 million Rio Tinto Ltd offers, worth approximately $1.9 billion, and advance on-market buys of Rio Tinto plc.
The buyback is in expansion to existing buyback programs, of which $1.7 billion in offers still remains to be obtained and which is able be completed by end-February 2019, it said. The $3.2 billion in net continues comes from the deal of the Accost River coal mine and Valeria coal venture to Glencore, Winchester South to Whitehaven Coal and the Kestrel coal mine to private value supervisor EMR Capital and Indonesia'sAdaro Vitality Tbk.

Close
Profit Krishna

Oil Holds Up, Stocks Surge In Europe

Sep 21 2018 8:26PM

WTI Crude oil futures stayed well supported today, holding near their two month high above $70 per barrel amid supportive global equities. World markets are looking attractive as the trade concerns between China and the US, despite broad worries, seem to have been downplayed given steady global expansion. DOW hit a record high last night and the undertone in risky assets is mostly supportive today. Equities are up in Europe with the DAX and CAC rising around half a percent while the FTSE gained 1% on the day. WTI Crude is currently trading at $70.84 per barrel, up 0.73% on the day. MCX Crude oil futures are quoting at Rs 5125 per barrel, up 1.20% on the day.
Global markets are also abuzz with expectations that China is about to announce a financial stimulus following the recent economic slowdown. Sentiments appear well supported for oil as US crude oil stockpiles fell for a fifth straight week to lowest in three and half years lows, the Energy Information Administration (EIA) said in a weekly update on Wednesday. Crude stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures fell 1.25 million barrels, EIA said further.

Close
Profit Krishna

Coal Mining On Backburner in India

Sep 19 2018 5:33PM

Signs are developing that commercial coal mining in India, sans any end-use limitations and allowing free vendor deal, will be put on the backburner, in the event that not pass on a moderate passing through and through. In spite of the fact that no official affirmation of the same is imminent from any of the offices included in opening up of the coal mining segment to private diggers, the truth is that government has not started any moves to indeed begin the method of selling coal pieces to private mineworkers, in spite of the rules having been changed six months ago.
Industry sources said that government inner memos have been in circulation that operational auxiliaries of Coal India Restricted (CIL), which accounted for more than 80% of residential coal supplies, were not upbeat at the up and coming coming of private coal mineworkers as competitors and have communicated that competition gambled affecting on generation levels of these CIL backups.

Close
Profit Krishna

Primary Aluminium Markets in Deficit of 302000 Tonnes In Jan- Julky 2018

Sep 19 2018 5:30PM


World Bureau of Metal Statistics have come out with its report on metals. As per the report, primary aluminium for January to July was a deficit of 302 kt which follows a deficit of 1146 kt recorded for the whole of 2017. Second quarter trade data for China is not available for technical reasons. Demand for primary aluminium for January to July 2018 was 35.0 million tonnes 758 kt less than in the same seven months of 2017.
Production in January to July 2018 fell by 147 kt compared with the same period in 2017. Producer stock data is no longer published and total reported stocks increased by 53 kt during July and closed at the end of the month 234 kt above the December 2017 level. LME stocks rose by 88 kt during July mostly due to increases in Malaysia and Singapore. Total stocks at the end of July 2018 were 2580 kt which compares with 2346 kt at the end of 2017. Total stocks held in the four exchanges in London, Shanghai, USA and Tokyo were 2108 kt at the end of July 2018 which were 165 kt above the December 2017 total.
Overall, global production fell in January to July 2018 by 0.4 per cent compared with the first seven months of 2017. Chinese output was estimated at 19396 kt and this currently accounts for almost 56 per cent of the world production total. Chinese apparent demand was 1.1 per cent lower than in January to July 2017.
Chinese net exports were 103 kt in January to March and net exports of unwrought aluminium for the whole of 2017 were 365 kt. Production in the EU28 was 0.5 per cent higher than the previous year and NAFTA output fell by 5.8 per cent. EU28 demand was 100 kt higher than the comparable 2017 total. Global demand fell by 2.1 per cent during January to July 2018 compared with the levels recorded one year previously.

Close
Profit Krishna

Mid-Session:Broader market tumbles and Weak market breadth

Sep 24 2018 1:06PM

The market hit fresh intraday low in early afternoon trade amid weak global cues, dragged by financial and banking stocks. At 12:15 IST, the barometer index, the S&P BSE Sensex, was down 453.25 points or 1.23% at 36,388.35. The Nifty 50 index was down 137.30 points or 1.23% at 11,005.80.
Finance Minister Arun Jaitley on Monday assured that there will not be any liquidity crunch for non-banking financial companies (NBFCs), mutual funds and small and medium enterprises (SMEs).
On Sunday, Securities and Exchange Board of India (Sebi) and Reserve Bank of India (RBI) had issued similar statements saying that the RBI and the Sebi are closely monitoring the recent developments in financial markets and are ready to take appropriate actions, if necessary. These statements had some impact on the stock market in the initial trade when both the indices opened higher, but soon turned negative.
Broader market tumbled. Among secondary barometers, the BSE Mid-Cap index was down 2.61%. The BSE Small-Cap index was down 2.67%. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was weak. On BSE, 437 shares rose and 2001 shares fell. A total of 118 shares were unchanged.
Auto stocks tumbled. Mahindra & Mahindra (down 5.09%), Eicher Motors (down 4.57%), Maruti Suzuki India (down 4.25%), Ashok Leyland (down 3.55%), Tata Motors (down 2.28%), Escorts (down 1.98%), Hero MotoCorp (down 1.41%), TVS Motor Company (down 1.35%) and Bajaj Auto (down 0.86%), edged lower.
Most private sector banks declined. RBL Bank (down 5.19%), IndusInd Bank (down 3.95%), Kotak Mahindra Bank (down 2.54%), Federal Bank (down 2.24%), ICICI Bank (down 2.2%), HDFC Bank (down 0.91%) and Axis Bank (down 0.07%), edged lower. Yes Bank (up 0.02%) and City Union Bank (up 0.62%), edged higher.
Public sector banks declined. Central Bank of India (down 17.43%), Dena Bank (down 5.73%), Andhra Bank (down 4.59%), Punjab National Bank (down 4.26%), IDBI Bank (down 3.76%), Indian Bank (down 3.76%), Punjab & Sind Bank (down 3.54%), Bank of India (down 3.52%), Bank of Baroda (down 3.31%), Vijaya Bank (down 3.31%), Syndicate Bank (down 3.2%), Union Bank of India (down 3.11%), Allahabad Bank (down 3.03%), UCO Bank (down 2.72%), Canara Bank (down 2.55%), Bank of Maharashtra (down 1.81%), Corporation Bank (down 1.63%), State Bank of India (down 1.44%) and United Bank of India (down 1.16%), edged lower.
Overseas, most Asian stocks were trading lower. The markets in Japan, South Korea and China are closed for public holidays on Monday.
The US-China trade war remained in focus Monday, with tariffs from both parties due to go into effect. Washington has announced 10% duties on $200 billion of Chinese imports, which prompted Beijing to respond with tariffs on $60 billion of US goods. On Friday, the media reported that China had called off planned trade talks with the US in the wake of a new round of duties.
In US, the Dow Jones Industrial Average on Friday notched a second straight all-time high, but a slump in technology and internet-related stocks weighed on the broader market, pressuring the Nasdaq.
In the latest US data, a reading on the manufacturing sector rose to 55.6 in September from the previous reading of 54.7. A report on the services sector dipped to 52.9 from 54.8. Both are from IHS Market.

Close
Profit Krishna

LME Inventory

Apr 12 2017 1:51PM

       COPPER: -850 MT

       ZINC: -1850 MT

       LEAD: -1025 MT

       NICKLE: -1194 MT

       ALUMINIUM: -13575 MT

LME Cancelled Warrants

       COPPER: -[0.05]

       ZINC: -[0.18]

       LEAD: -[]

       NICKLE: -[0.08]