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

Surya Roshni gains after winning order

Jan 18 2019 3:55PM


On the BSE, 4521 shares were traded in the counter so far compared with average daily volumes of 27,000 shares in the past two weeks. The stock had hit a high of Rs 247.95 and a low of Rs 240 so far during the day.
The stock hit a 52-week high of Rs 522.35 on 9 February 2018. The stock hit a 52-week low of Rs 185.05 on 10 December 2018.
Surya Roshni said it obtained order for supplying LED street lights amounted to Rs 45.67 crore from Energy Efficiency Services (EESL) under all India SLNP (Street light National Program) through competitive e-bidding.
Net profit of Surya Roshni rose 6.84% to Rs 25.15 crore on 22.76% rise in net sales to Rs 1394.80 crore in Q2 September 2018 over Q2 September 2017.
Surya Roshni is a manufacturing company with business interests in steel pipes, lighting, fans and home appliances, and polyvinyl chloride (PVC) pipes.

Close
Profit Krishna

Phillips Carbon Black Ltd leads losers in 'B' group

Jan 18 2019 3:53PM

Nagreeka Exports Ltd, Excel Industries Ltd, Blue Blends (India) Ltd and Shah Alloys Ltd are among the other losers in the BSE's 'B' group today, 18 January 2019.
Phillips Carbon Black Ltd crashed 10.98% to Rs 184.9 at 14:33 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 6.01 lakh shares were traded on the counter so far as against the average daily volumes of 96353 shares in the past one month.
Nagreeka Exports Ltd tumbled 9.89% to Rs 23.7. The stock was the second biggest loser in 'B' group.On the BSE, 8218 shares were traded on the counter so far as against the average daily volumes of 2072 shares in the past one month.
Excel Industries Ltd lost 9.45% to Rs 1154. The stock was the third biggest loser in 'B' group.On the BSE, 2712 shares were traded on the counter so far as against the average daily volumes of 1425 shares in the past one month.
Blue Blends (India) Ltd plummeted 9.13% to Rs 3.98. The stock was the fourth biggest loser in 'B' group.On the BSE, 100 shares were traded on the counter so far as against the average daily volumes of 1778 shares in the past one month.
Shah Alloys Ltd slipped 9.05% to Rs 20.6. The stock was the fifth biggest loser in 'B' group.On the BSE, 211 shares were traded on the counter so far as against the average daily volumes of 1353 shares in the past one month.

Close
Profit Krishna

Linde India Ltd leads losers in 'A' group

Jan 18 2019 3:52PM

Sun Pharma Advanced Research Company Ltd, Sun Pharmaceuticals Industries Ltd, Sun TV Network Ltd and Bharti Airtel Ltd are among the other losers in the BSE's 'A' group today, 18 January 2019.
Linde India Ltd crashed 19.99% to Rs 613.6 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.86 lakh shares were traded on the counter so far as against the average daily volumes of 40388 shares in the past one month.
Sun Pharma Advanced Research Company Ltd lost 12.56% to Rs 150.4. The stock was the second biggest loser in 'A' group.On the BSE, 8.89 lakh shares were traded on the counter so far as against the average daily volumes of 74044 shares in the past one month.
Sun Pharmaceuticals Industries Ltd tumbled 9.58% to Rs 386.25. The stock was the third biggest loser in 'A' group.On the BSE, 53.27 lakh shares were traded on the counter so far as against the average daily volumes of 5.81 lakh shares in the past one month.
Sun TV Network Ltd slipped 8.12% to Rs 520. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.95 lakh shares were traded on the counter so far as against the average daily volumes of 66511 shares in the past one month.
Bharti Airtel Ltd fell 6.35% to Rs 311.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 6.28 lakh shares were traded on the counter so far as against the average daily volumes of 9.87 lakh shares in the past one month.

Close
Profit Krishna

Canara Bank slips for fifth straight session

Jan 17 2019 8:09PM


Canara Bank dropped for a fifth straight session today. The stock is quoting at 270.8, down 1.65% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.16% on the day, quoting at 10873.35. The Sensex is at 36251.27, down 0.19%.Canara Bank has added around 0.61% in last one month.Meanwhile, Nifty PSU Bank index of which Canara Bank is a constituent, has increased around 2.7% in last one month and is currently quoting at 3170, down 2.16% on the day. The volume in the stock stood at 20.6 lakh shares today, compared to the daily average of 48.13 lakh shares in last one month.
The benchmark January futures contract for the stock is quoting at Rs 271.85, down 1.86% on the day. Canara Bank tumbled 22.47% in last one year as compared to a 0.52% rally in NIFTY and a 14.6% fall in the Nifty PSU Bank index.

Close
Profit Krishna

Volumes spurt at Brigade Enterprises Ltd counter

Jan 17 2019 8:08PM


Gulf Oil Lubricants India Ltd, Sonata Software Ltd, MAS Financial Services Ltd, S H Kelkar & Company Ltd are among the other stocks to see a surge in volumes on NSE today, 17 January 2019.
Brigade Enterprises Ltd registered volume of 11.9 lakh shares by 14:14 IST on NSE, a 15.4 fold spurt over two-week average daily volume of 77288 shares. The stock rose 3.95% to Rs.216.90. Volumes stood at 1.87 lakh shares in the last session.
Gulf Oil Lubricants India Ltd notched up volume of 1.9 lakh shares by 14:14 IST on NSE, a 10.77 fold spurt over two-week average daily volume of 17675 shares. The stock rose 4.68% to Rs.891.00. Volumes stood at 2367 shares in the last session.
Sonata Software Ltd saw volume of 9.83 lakh shares by 14:14 IST on NSE, a 9.82 fold spurt over two-week average daily volume of 1.00 lakh shares. The stock increased 4.56% to Rs.320.90. Volumes stood at 77135 shares in the last session.
MAS Financial Services Ltd saw volume of 40672 shares by 14:18 IST on NSE, a 7.56 fold spurt over two-week average daily volume of 5383 shares. The stock increased 0.83% to Rs.556.00. Volumes stood at 3994 shares in the last session.
S H Kelkar & Company Ltd registered volume of 5.08 lakh shares by 14:17 IST on NSE, a 6.19 fold spurt over two-week average daily volume of 82173 shares. The stock rose 0.87% to Rs.180.35. Volumes stood at 7959 shares in the last session.

Close
Profit Krishna

Nila Spaces Ltd leads losers in 'B' group

Jan 17 2019 8:07PM


NRB Industrial Bearings Ltd, Tainwala Chemicals & Plastics (India) Ltd, Nu Tek India Ltd and Manaksia Aluminium Company Ltd are among the other losers in the BSE's 'B' group today, 17 January 2019.
Nila Spaces Ltd lost 9.90% to Rs 4.37 at 14:27 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 8.33 lakh shares were traded on the counter so far as against the average daily volumes of 4.22 lakh shares in the past one month.
NRB Industrial Bearings Ltd crashed 8.87% to Rs 22.6. The stock was the second biggest loser in 'B' group.On the BSE, 109 shares were traded on the counter so far as against the average daily volumes of 695 shares in the past one month.
Tainwala Chemicals & Plastics (India) Ltd tumbled 8.14% to Rs 68.3. The stock was the third biggest loser in 'B' group.On the BSE, 15 shares were traded on the counter so far as against the average daily volumes of 880 shares in the past one month.
Nu Tek India Ltd corrected 7.50% to Rs 0.37. The stock was the fourth biggest loser in 'B' group.On the BSE, 11500 shares were traded on the counter so far as against the average daily volumes of 9117 shares in the past one month.
Manaksia Aluminium Company Ltd plummeted 7.43% to Rs 7.72. The stock was the fifth biggest loser in 'B' group.On the BSE, 28 shares were traded on the counter so far as against the average daily volumes of 3482 shares in the past one month.

Close
Profit Krishna

Majestic Auto hits the roof

Jan 17 2019 8:06PM


On the BSE, 1.23 lakh shares were traded on the counter so far as against the average daily volumes of 5,101 shares in the past two weeks. The stock had hit a high of Rs 146.15 and a low of Rs 135.60 so far during the day.
On a consolidated basis, Majestic Auto reported a net profit of Rs 19.21 crore in Q3 December 2018, compared with net loss of Rs 1.40 crore in Q3 December 2017. Net sales rose 158.71% to Rs 35.78 crore in Q3 December 2018 over Q3 December 2017. The result was announced after market hours on 15 January 2019.

Close
Profit Krishna

Indian Oil Corporation Ltd rises for third straight session

Jan 15 2019 2:26PM

Indian Oil Corporation Ltd is up for a third straight session today. The stock is quoting at Rs 133.7, up 1.06% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.95% on the day, quoting at 10839.3. The Sensex is at 36178.04, up 0.91%. Indian Oil Corporation Ltd has slipped around 6.44% in last one month.
Meanwhile, Nifty Energy index of which Indian Oil Corporation Ltd is a constituent, has slipped around 1.34% in last one month and is currently quoting at 13865.2, up 1.64% on the day. The volume in the stock stood at 31.55 lakh shares today, compared to the daily average of 152.97 lakh shares in last one month.
The benchmark January futures contract for the stock is quoting at Rs 134.4, up 1.36% on the day. Indian Oil Corporation Ltd is down 30.39% in last one year as compared to a 1.3% jump in NIFTY and a 0.09% jump in the Nifty Energy index.

Close
Profit Krishna

Board of Cyient deliberates on buyback of shares

Jan 17 2019 8:20PM

The Board of Cyient at its meeting held on 17 January 2019 has decided that further deliberations are required in order to take a decision on the proposal of buyback, and accordingly decided to take up the discussion regarding the buyback at a later date. The Company shall comply with SEBI LODR Regulations and other applicable laws in this regard.

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

Reliance Fixed Horizon Fund - XXXX - Series 14, Floats On

Jan 17 2019 8:10PM

Reliance Mutual Fund has launched a new fund named Reliance Fixed Horizon Fund - XXXX - Series 14, a close ended income scheme. The tenure of the scheme is 1183 days from the date of allotment. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 18 January 2019 to 28 January 2019.
The investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility Central and State Government securities and Other fixed income/ debt securities.
The scheme offers two options viz. growth and dividend payout option.
The scheme would invest 100% - 90% of assets in Government securities / State Development Loans (SDLs) & Debt Instruments with medium to low risk profile and upto 10% of asset in money market instruments with low risk profile.
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 load and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is Crisil Composite Bond Fund Index.

Close
Profit Krishna

Franklin India Fixed Maturity Plans – Series 5 – Plan E (1224 days) Floats On

Jan 8 2019 1:19PM


Franklin Templeton Mutual Fund has launched a new fund named as Franklin India Fixed Maturity Plans – Series 5 – Plan E (1224 days), a close-ended debt fund. The tenure of the scheme is 1224 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 14 January to 22 January 2019.
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.
The scheme offers growth plan, dividend plan (with payout facility), growth plan-direct and dividend plan-direct (with payout facility). Further, Plan (s) with a maturity of over 365 days also offers quarterly dividend (payout facility only) and quarterly dividend-direct (payout option only).
The scheme shall invest 80%-100% of assets in debt instruments with low to 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 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 Load & exit load are not applicable.
Benchmark Index for the scheme will be CRISIL Composite Bond Fund Index.
Umesh Sharma and Sachin Padwal-Desai are the fund managers for the scheme.

Close
Profit Krishna

HDFC FMP 1182D January 2019 (1) Floats On

Jan 8 2019 1:19PM


HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 1182D January 2019 (1), a plan under HDFC Fixed Maturity Plans – Series 43 (a close ended income scheme). The tenure of the scheme is 1182 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 14 January 2019 to 16 January 2019.
The investment objective of the plan under the scheme is to generate income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the respective plans.
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 Anil Bamboli.

Close
Profit Krishna

Tata Balanced Advantage Fund Floats On

Dec 31 2018 7:56PM


Tata Mutual Fund has launched a new fund named as Tata Balanced Advantage Fund, an open ended dynamic asset allocation fund. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 09 January to 23 January 2019.
The investment objective of the Scheme is to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.
The scheme offers regular plan and direct plan for investment. Both plans offer growth option and dividend option. Dividend option has sub-options of dividend payout, dividend reinvestment & dividend sweep.
The scheme would allocate 65%-100% of assets in equity and equity related instruments and equity derivatives with high risk profile and invest upto 35% of assets would be allocated to debt, (including money market instruments, securitized debt & units of debt and liquid category schemes) & Cash with low to medium risk profile.
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 scheme during the NFO period.
Entry load: Not Applicable
Exit load: 1% of the applicable NAV, if redeemed on or before expiry of 365 days from the date of allotment.
Benchmark Index for the scheme is CRISIL Hybrid 35+65 – Aggressive Index.
The fund managers of the scheme are Rahul Singh, Sonam Udasi, Sailesh Jain & Akhil Mittal.

Close
Profit Krishna

IDFC Fixed Term Plan Series – 166 Floats On

Dec 28 2018 7:22PM

IDFC Mutual Fund has launched a new fund named IDFC Fixed Term Plan Series – 166, a close-ended debt scheme. The tenure of the scheme is 1207 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 27 December 2018 to 27 December 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

Reliance Fixed Horizon Fund - XXXX - Series 9, Floats On

Dec 28 2018 7:21PM

Reliance Mutual Fund has launched a new fund named Reliance Fixed Horizon Fund - XXXX - Series 9, a close ended income scheme. The tenure of the scheme is 1209 days from the date of allotment. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 31 December 2018 to 03 January 2019.
The investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility -
Central and State Government securities and
Other fixed income/ debt securities
The scheme offers two options viz. growth and dividend payout option.
The scheme would invest 100% - 90% of assets in Government securities / State Development Loans (SDLs) & Debt Instruments with medium to low risk profile and upto 10% of asset in money market instruments with low risk profile.
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 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 Amit Tripathi.

Close
Profit Krishna

SBI Debt Fund Series C – 35 (1235 days) Floats On

Dec 26 2018 1:23PM

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series C – 35, a close ended debt scheme. The tenure of the scheme is 1235 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 27 December 2018 to 07 January 2019.
The investment objective of the scheme is to endeavor to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market instruments maturing on or before the maturity of the scheme.
The scheme offers regular and direct plan. Both the plans will have growth option and dividend payout facility.
The scheme will invest 70%-100% of assets in debt and invest upto 30% of assets in money market securities 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.
Entry and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is CRISIL Medium Term Debt index.
The fund manager of the scheme is Ranjana Gupta.

Close
Profit Krishna

YES Liquid Fund Floats On

Dec 26 2018 1:22PM

YES Mutual Fund has launched a new fund named as YES Liquid Fund, an open ended liquid scheme. The New Fund Offer (NFO) price for the scheme is Rs 1000 per unit. The new issue will be open for subscription from 02 January 2019 to 16 January 2019.
The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity by investing in high quality debt and money market instruments.
The scheme offers growth option and dividend options, sup options: daily dividend (reinvestment), weekly dividend (payout & reinvestment), fortnightly dividend (payout & reinvestment) and monthly dividend (payout & reinvestment).
The scheme would allocate upto 100% of assets in debt instruments and money market instruments with a maturity / residual maturity of upto 91 Days with low to medium risk profile.
The minimum application amount is Rs 10000 and in multiples of Re 1 under all the options.
The minimum additional purchase amount is Rs 1000 and in multiples of Re 1 under all the options.
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 Liquid Fund Index.
The Scheme will be managed by Piyush Baranwal.

Close
Profit Krishna

EIA Expects Henry Hub Natural Gas To Average $2.89 In 2019

Jan 18 2019 4:01PM

EIA’s January 2019 Short-Term Energy Outlook (STEO) expects several U.S. natural gas market trends from 2018 to continue into 2019 and 2020, including relatively stable Henry Hub natural gas prices and increasing natural gas production and exports. According to the STEO, total U.S. natural gas consumption is expected to increase slightly through 2020, with increases in the electric and industrial sectors offsetting decreases in the residential and commercial sectors.
EIA expects the U.S. benchmark Henry Hub natural gas spot price to average $2.89 per million British thermal units (MMBtu) in 2019 and $2.92/MMBtu in 2020, about 25 cents lower than the 2018 average of $3.15/MMBtu. Prices in the forecast are expected to be comparable with recent years as production growth largely keeps pace with demand and export growth. NYMEX trading during the five-day period ending January 10, 2019, suggests that a range of $1.85/MMBtu to $4.80/MMBtu encompasses the market expectation for Henry Hub prices in December 2019 at the 95% confidence level.



Close
Profit Krishna

Red Pine Says Drilling Results Confirm Higher Grade Gold At Surlunga Mine

Jan 18 2019 3:59PM

Red Pine Exploration Inc has announced new results from confirmation drilling in the higher grade zones of the Surluga Deposit and from drilling on the Minto Mine South Project. The Minto Mine South Deposit and the Surluga Deposit are just two of the known deposits on the large 5,568 hectares Wawa Gold Project located near Wawa, ON, Canada.
Red Pine’s infill drilling results continue to support the potential for a higher-grade underground resource, accessible using the existing underground infrastructure of the Surluga Mine. The Company is on track to deliver a revised NI 43-101 resource estimate for the Surluga Deposit in April 2019. The Company will undertake a 23,000-metres drilling campaign on the Surluga Deposit, as well as other targets in the Wawa Gold Corridor, in 2019.
Quentin Yarie, President and Chief Executive Officer of Red Pine, has noted that the latest results continue to validate our model of a high-grade resource at the Surluga Deposit. Assay results for another 42 holes that were completed as part of this first phase of infill drilling are still pending and we expect results to fall in line with what we’ve observed so far. Indicators such as visible gold or arsenopyrite, typically associated with zones of stronger gold mineralization in the Surluga Deposit, were observed in many of the pending holes.

Close
Profit Krishna

Sugar Falls Amid Choppy Trades

Jan 17 2019 8:04PM

Sugar fell today as a choppy trading pattern continued. The Medium Grade Sugar prices in the key market of Muzaffarnagar trade flat at Rs 3220 per quintal today. As on 31st December, 2018, 501 sugar mills were in operation in the country and have produced 110.52 lakh tons of sugar, as compared to 103.56 lakh tons produced by 505 sugar mills as on 31st December 2017. The slightly higher production of 6.96 lakh tons is because Maharashtra and Karnataka sugar mills started their crushing earlier this year. However, due to substantially lower rainfall and white grub infestation, Maharashtra will produce significantly lower quantity this year as compared to last. Overall, the country is expected to produce much less sugar this season as compared to last.

Close
Profit Krishna

India's Gold Imports Fall, Silver Imports Spurt

Jan 17 2019 8:03PM


India's Petroleum, Crude & products imports surged 13.58% to Rs 75486.52 crore in December 2018. Gold imports fell by 16.70% to Rs 18165 crore while Silver imports surged 64% to Rs 2078 crore. The Non-ferrous metals imports jumped 24% to Rs 8806 crore. Vegetable Oil imports dropped 6% to Rs 5103 crore. Pulses imports dropped 28% to Rs 976 crore. In exports, Petroleum Products shipments soared 24.60% to Rs 29762 crore. Spices exports gained 5.30% to Rs 1874 crore. Tea exports fell 2% to Rs 572 crore. Gems & Jewellery exports fell by 11% to Rs 18467 crore.

Close
Profit Krishna

Global Metal Prices Expected To Stabilize In Next Two Years

Jan 9 2019 11:23PM

World Bank noted in a latest update that the global metals prices rose 6%, on average, in 2018, less than previously expected. After increasing in the first half of last year, prices fell sharply in the second half following the imposition of broad based tariffs by the United States on China’s imports (World Bank 2018d). Heightened trade tensions involving these economies have raised market concerns about global trade and investment prospects; as a result, they have clouded the outlook for demand for commodities.
Industrial metals have been particularly responsive to these concerns given their many uses in the manufacture of tradable goods, with some metals such as nickel falling more than 20%. In contrast, the price of steel and aluminum in the United States rose following the announcement of specific tariffs on imports of those metals from a wide range of countries. Metals prices are expected to stabilize in 2019 and 2020.

Close
Profit Krishna

Global Agri Markets Witness Flat Performance In 2018

Jan 9 2019 11:22PM


While agricultural prices were roughly flat in 2018 as a whole, they declined appreciably in the second half of the year, with developments varying by commodity, noted the World Bank in a latest update. Soybean prices in the United States fell substantially following the announcement of tariffs by China on imports of US soybeans, while prices were higher in other countries, particularly in Brazil. The imposition of tariffs has led to trade diversion, with China’s imports of soybeans from the United States 25 percent lower in 2018 relative to 2017, while those from Brazil have risen 22%.
More recently, the gap in prices has closed, as China has resumed purchases of US soybeans. Wheat prices were slightly higher in 2018, as bad weather in Europe led to smaller harvests. Estimates for the 2018-19 crop forecast have been revised up for most commodities, and high stock-to-use ratios for rice and wheat reduce the likelihood of a food price spike. In all, agricultural prices are projected to remain broadly stable in 2019 and 2020.

Close
Profit Krishna

MCX Crude Spikes 3.5%

Jan 9 2019 11:21PM


Global crude oil prices stayed well supported on global trade talk hopes as the US President Donald Trump tweeted that trade talks are going very well. Trade talks between the US and China in Beijing were extended an extra day to Wednesday, signalling the world’s two largest economies could be closer to an agreement. WTI Crude oil currently trades at $51 per barrel, up 2.40% on the day. MCX Crude surged further today as the Indian Rupee slipped. The MCX Crude oil currently trades at Rs 3595 per barrel, up 3.50% on the day. Indian rupee stayed weak. The currency dropped around 0.35% from previous close.
However, the broad undertone remains cautious for the world markets as the World Bank cut its forecast for the global economy in a semiannual update to its outlook on Tuesday. The Washington-based bank forecast 2.9% global growth this year, down from 3%. For emerging markets, it cut projections by 0.5 points to 4.2%. Growth in China is expected to slow to 6.2% this year from 6.5% last year as domestic and external rebalancing continues.

Close
Profit Krishna

Indian Rupee: Weakens On Rising Crude Prices

Jan 8 2019 1:17PM

The Indian rupee snapped gains against the dollar in early trades on Tuesday, 08 January 2019 on rising crude prices and some demand for the American currency from importers. Early losses in domestic stock markets also weighed on the rupee, but a weak dollar in overseas markets capped the fall.
Rupee weakened even after the Central Statistics Office (CSO) released positive advanced estimates of national income for 2018-19. The domestic economy is expected to grow at 7.2 per cent in 2018-19 against 6.7 per cent in the previous fiscal mainly due to improvement in the performance of agriculture and manufacturing sectors, the CSO had said Monday.
The domestic currency opened at Rs 69.83 against the dollar and dropped to a low of 70.095 so far during the day. In the spot currency market, the Indian unit was last seen trading at 70.01. On Monday, the rupee had gained 4 paise to end at 69.68 against the US dollar following dovish stance by the Federal Reserve and rising hopes of a thaw in ongoing US-China trade tiff.
Domestic benchmark indices were trading lower in early trade. At 9:20 IST, the barometer index, the S&P BSE Sensex, was down 62.55 points or 0.17% at 35,787.61. The Nifty 50 index was down 28.20 points or 0.26% at 10,743.60.
Overseas, stocks in Asia traded mixed on Tuesday as investors wait for the second day of US-China trade talks to kick off later in the day. China is reportedly willing to resolve its trade disputes with the US on an equal footing. US stocks on Monday closed higher, building on Friday's powerful rally, as investors watched for further signs of a thaw in the protracted trade dispute between the US and China.
Meanwhile, the US dollar rebounded on Tuesday in Asia after falling for a fourth straight session, as data showed that US services activity undershot expectations and strengthened expectations the Federal Reserve could rein in rate hikes. The U.S. Dollar Index last traded at 96.495, up 0.3%.

Close
Profit Krishna

Post-Session:Market logs small gains

Jan 18 2019 4:30PM



Local stocks eked out small gains on last trading day of the week. The barometer index, the S&P BSE Sensex, rose 12.53 points or 0.03% at 36,386.61, as per the provisional closing data. The Nifty 50 index rose 1.75 points or 0.02% at 10,906.95, as per the provisional closing data. Reliance Industries advanced after declaring good Q3 result. Shares of Sun Pharmaceutical Industries dropped sharply. Global stocks rose Friday amid optimism for progress in US-China trade talks.
Volatility struck bourses in early trade as the key indices reversed initial gains and sink in negative zone. Key indices extended losses in morning trade. Stocks cut losses in mid-morning trade. Indices continued hovering in negative zone in early afternoon trade. Key equity indices trimmed losses in afternoon trade. Indices cut losses in mid-afternoon trade as European stocks opened higher. Stocks gyrated in positive and negative zone in late trade.
The S&P BSE Mid-Cap index fell 0.79%. The S&P BSE Small-Cap index fell 0.73%.
The market breadth, indicating the overall health of the market, was weak. On the BSE, 906 shares rose and 1639 shares fell. A total of 166 shares were unchanged.
Reliance Industries (RIL) advanced 4.43%. On a consolidated basis, RIL's net profit increased 8.82% to Rs 10251 crore on 56.69% increase in net sales to Rs 156397 crore in Q3 December 2018 over Q3 December 2017. The result was announced after market hours yesterday, 17 January 2018.
Increase in revenue is primarily on account of higher price realizations and volumes for petrochemical and refining businesses along with continuing strong growth momentum in consumer businesses. Product prices for the refining and petrochemicals business increased in line with 10.4% higher average Brent crude oil price. The higher volumes in petrochemical business are on account of stabilization and ramp-up of new petrochemical facilities. Retail business and digital services business recorded an increase of 89% and 51% in revenue during the quarter compared to the corresponding quarter of the previous year.
Commenting on the results, chairman and managing director, Mukesh Ambani said in its new-age consumer businesses, RIL maintained robust growth momentum across retail and Jio platforms and the share of consumer businesses is steadily increasing its contribution to the overall profitability of the company. In wireless business, RIL's customer-centric offerings and strong ubiquitous network are helping to digitalise India at an unprecedented rate.
Hindustan Unilever (HUL) shed 0.29%. HUL's net profit rose 8.9% to Rs 1444 crore on 12.4% increase in net sales to Rs 9357 crore in Q3 December 2018 over Q3 December 2017. The result was announced after market hours yesterday, 17 January 2018.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 22% to Rs 2046 crore in Q3 December 2018 over Q3 December 2017. Prudent management of volatility in costs (crude and currency led) along with improved mix and operating leverage has driven margin improvement, the company said.
Sanjiv Mehta, chairman and managing director, said that that company has delivered another strong performance in the quarter, with double digit volume growth and improvement in margins. HUL's focus on strengthening the core and leading market development by tapping into emerging trends has been yielding results across categories. In the near term, demand is likely to be stable. The company will keep a close watch on the macro-economic environment and respond with agility. HUL remains focused on its strategic agenda of delivering consistent, competitive, profitable and responsible growth.
Sun Pharmaceutical Industries lost 8.58%. Sun Pharmaceutical Industries during market hours today, 18 January 2019 clarified that it has not received the alleged 172-page whistle blower complaint. One of the company's 100% subsidiary has voluntarily recalled certain batches of Vecuronium Bromide Injection in the US market at hospital level due to identification of particulate matter identified as glass. This product has a negligible contribution to our company's consolidated revenues and hence this recall will not have any material impact on financials.
Overseas, Asian and European stocks rose Friday amid optimism for progress in US-China trade talks. China reportedly announced its economy czar, Vice Premier Liu He, will go to Washington for talks Jan. 30-31 aimed at ending the tariff war sparked by US complaints about Beijing's technology ambitions.
Meanwhile, investors awaited the next steps for the UK after Theresa May's government narrowly survived a no-confidence vote as she attempts to forge a path forward for the country's exit from the European Union.
US stocks advanced on Thursday as a published report that the United States was considering lifting tariffs on Chinese imports lifted investor sentiment. U.S. officials are reportedly considering lifting some tariffs on Chinese products in an effort to elicit more concessions from China for a bilateral trade deal and to stabilize the financial markets.
On the data front, the Federal Reserve Bank of Philadelphia's manufacturing index rose to 17.0 in January, up from 9.1 in December, the bank reported Thursday. The index reflects the health of the manufacturing sector in Pennsylvania, Delaware and New Jersey.

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]