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

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

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The company has reported a net loss of Rs 270 crore for the first quarter ended June

Aug 11 2020 11:52PM

Titan Company is currently trading at Rs. 1062.25, down by 45.55 points or 4.11% from its previous closing of Rs. 1107.80 on the BSE.
The scrip opened at Rs. 1073.00 and has touched a high and low of Rs. 1087.60 and Rs. 1050.20 respectively. So far 297658 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1389.85 on 25-Oct-2019 and a 52 week low of Rs. 720.00 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 1130.95 and Rs. 1050.20 respectively. The current market cap of the company is Rs. 94456.01 crore.
The promoters holding in the company stood at 52.91%, while Institutions and Non-Institutions held 28.72% and 18.38% respectively.
The company has reported a net loss of Rs 270 crore for the first quarter ended June 30, 2020 against net profit of Rs 371 crore for the same quarter in the previous year. Total income of the company decreased by 61.94% at Rs 1,901 crore for Q1FY21 as compared Rs 4,995 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a net loss attributable to owners of Rs 291 crore for the quarter under review against net profit of Rs 366 crore for the same quarter in the previous year. Total income of the company decreased by 61.21% at Rs 2,020 crore for Q1FY21 as compared Rs 5,208 crore for the corresponding quarter previous year.

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Tejas Networks designs, develops and sells high-performance and cost-competitive networking

Aug 11 2020 11:51PM

Tejas Networks is currently trading at Rs. 66.95, up by 3.15 points or 4.94% from its previous closing of Rs. 63.80 on the BSE.
The scrip opened at Rs. 66.95 and has touched a high and low of Rs. 66.95 and Rs. 66.95 respectively. So far 3528 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.10 on 21-Nov-2019 and a 52 week low of Rs. 28.50 on 21-May-2020.
Last one week high and low of the scrip stood at Rs. 66.95 and Rs. 56.50 respectively. The current market cap of the company is Rs. 618.18 crore.
The Institutions and Non-Institutions held 36.98% and 63.02% stake in the company.
Tejas Networks has received a purchase order of Rs 66 crore from L&T Construction, to supply its GPON based fiber-broadband products and high-performance Metro Ethernet switches for a prestigious Indian defence network project. The order was received during Q1FY21 and the first set of supplies have started in Q2FY21.
This win reinforces company’s technology strengths and credibility as a trusted provider of defence communication equipment to tri-services, since it has earlier supplied its DWDM and Layer-3 Multi-Gigabit Ethernet switches for the Indian Navy network and its Layer-2 Gigabit Ethernet switches for the Indian Air Force network.
Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities

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Divi’s Laboratories has reported a rise of 84.12% in its net profit at Rs 492.25 crore

Aug 11 2020 11:51PM

Divi's Laboratories is currently trading at Rs. 3136.70, up by 19.60 points or 0.63% from its previous closing of Rs. 3117.10 on the BSE.
The scrip opened at Rs. 3144.00 and has touched a high and low of Rs. 3172.65 and Rs. 3087.65 respectively. So far 55751 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3228.05 on 10-Aug-2020 and a 52 week low of Rs. 1466.95 on 14-Aug-2019.
Last one week high and low of the scrip stood at Rs. 3228.05 and Rs. 2641.90 respectively. The current market cap of the company is Rs. 82661.61 crore.
The promoters holding in the company stood at 51.97%, while Institutions and Non-Institutions held 34.97% and 13.07% respectively.
Divi’s Laboratories has reported a rise of 84.12% in its net profit at Rs 492.25 crore for the quarter ended June 30, 2020 as compared to Rs 267.35 crore for the same quarter in the previous year. Total income of the company increased by 47.48% at Rs 1,727.83 crore for Q1FY21 as compared Rs 1171.55 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 80.61% in its net profit attributable to shareholders at Rs 492.06 crore for the quarter under review as compared to Rs 272.44 crore for the same quarter in the previous year. Total income of the company increased by 46.48% at Rs 1747.80 crore for Q1FY21 as compared Rs 1,193.20 crore for the corresponding quarter previous year.

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Aditya Birla Capital has reported a net loss of Rs 0.72 crore for the quarter ended June 30, 2020

Aug 10 2020 5:30PM

Aditya Birla Capital is currently trading at Rs. 59.30, up by 0.20 points or 0.34% from its previous closing of Rs. 59.10 on the BSE.
The scrip opened at Rs. 60.75 and has touched a high and low of Rs. 60.85 and Rs. 59.25 respectively. So far 178674 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.30 on 13-Jan-2020 and a 52 week low of Rs. 37.45 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 60.85 and Rs. 53.00 respectively. The current market cap of the company is Rs. 14459.24 crore.
The promoters holding in the company stood at 70.48 % while Institutions and Non-Institutions held 14.77 % and 14.05 % respectively.
Aditya Birla Capital has reported a net loss of Rs 0.72 crore for the quarter ended June 30, 2020 against net loss of Rs 46.43 crore for the same quarter in the previous year. However, total income of the company increased by 62.26% at Rs 8.47 crore for Q1FY21 as compared Rs 5.22 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 26.49% in its net profit attributable to owners at Rs 198.38 crore for the quarter ended June 30, 2020 as compared to Rs 269.85 crore for the same quarter in the previous year. However, total income of the company increased by 11.23% at Rs 4,042.41 crore for Q1FY21 as compared Rs 3,634.18 crore for the corresponding quarter previous year.

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FDC is engaged in manufacture of specialized formulations, and oral rehydration salts (ORS).

Aug 10 2020 5:29PM

FDC is currently trading at Rs. 343.55, up by 6.90 points or 2.05% from its previous closing of Rs. 336.65 on the BSE.
The scrip opened at Rs. 352.00 and has touched a high and low of Rs. 354.00 and Rs. 342.70 respectively. So far 131949 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 354.00 on 10-Aug-2020 and a 52 week low of Rs. 152.50 on 15-Oct-2019.
Last one week high and low of the scrip stood at Rs. 354.00 and Rs. 298.95 respectively. The current market cap of the company is Rs. 5873.78 crore.
The promoters holding in the company stood at 69.24%, while Institutions and Non-Institutions held 10.42% and 20.34% respectively.
FDC has entered into definitive agreements for the acquisition of additional stake in Fair Deal Corporation pharmaceutical SA (PTY), South Africa (FDC SA) through secondary acquisition of 143,000 equity shares of FDC SA, having Face value of RAND 1 each, and representing 44% of the share capital of FOCSA from Pharma Q Holdings Pty (Pharma Q), one of the joint venture partner and settlement of outstanding loan of ZAR 6.5 million equivalent to approximately Rs 2,92,31,280 availed by FOCSA from Pharma Q.
The said transaction is subject to completion of various closing conditions. Upon completion of the transaction, the company would be holding 93% of the equity share capital of FOCSA, whereby FOC SA would become a subsidiary of the company.
FDC is engaged in manufacture of specialized formulations, and oral rehydration salts (ORS).

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Bharat Heavy Electricals (BHEL) has commenced civil works at the 660 MW Sagardighi

Aug 10 2020 5:28PM

Bharat Heavy Electricals is currently trading at Rs. 36.35, up by 1.10 points or 3.12% from its previous closing of Rs. 35.25 on the BSE.
The scrip opened at Rs. 36.00 and has touched a high and low of Rs. 37.60 and Rs. 35.85 respectively. So far 5501569 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 61.30 on 30-Oct-2019 and a 52 week low of Rs. 19.20 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 37.60 and Rs. 34.90 respectively. The current market cap of the company is Rs. 12674.71 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 23.23% and 13.60% respectively.
Bharat Heavy Electricals (BHEL) has commenced civil works at the 660 MW Sagardighi Supercritical Thermal Power Project in West Bengal, following the issuance of the Notice To Proceed by the developer. Significantly, following the strategic completion of pre-engineering activities for the project beforehand, ground breaking has begun on zero date itself. This is a major achievement as conventionally it takes a few months after the zero date to initiate civil works onsite. 
Valued at approximately Rs 3,500 crore, the turnkey order for Sagardighi Thermal Power Project Extension Unit-5 was won by BHEL against stiff international competitive bidding (ICB). The order for the project located at Manigram village in Murshidabad district of West Bengal was placed on BHEL by West Bengal Power Development Corporation (WBPDCL). The Notice to Proceed was issued after obtaining the necessary approvals like environmental clearances.
BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.

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Marico is one of India’s leading Consumer Products Group

Aug 7 2020 3:49PM

Marico is currently trading at Rs. 370.10, up by 0.75 points or 0.20% from its previous closing of Rs. 369.35 on the BSE.
The scrip opened at Rs. 369.95 and has touched a high and low of Rs. 371.90 and Rs. 365.40 respectively. So far 41824 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 403.70 on 25-Sep-2019 and a 52 week low of Rs. 233.80 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 373.50 and Rs. 361.50 respectively. The current market cap of the company is Rs. 47834.57 crore.
The promoters holding in the company stood at 59.62%, while Institutions and Non-Institutions held 33.70% and 6.60% respectively.
Marico has launched protect range of surface disinfectant sprays, strengthening its portfolio into the fast-growing segment of safety and hygiene after COVID-19. Besides, the company will also partner with housing finance company HDFC and cab aggregator Ola to help them continue to offer safe services. Ola will provide The protect range to the driver-partners and it will be used by them to disinfect commonly used surfaces like seat, inner panel, handles, etc before every ride. While HDFC will use it to safeguard their customers and employees in offices across India.
Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space. Its products are sold in India and about 25 other countries in Asia and Africa.

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Bharat Forge is engaged in manufacturing of close die and open die forging

Aug 7 2020 3:48PM

Bharat Forge is currently trading at Rs. 407.70, up by 4.00 points or 0.99% from its previous closing of Rs. 403.70 on the BSE.
The scrip opened at Rs. 405.50 and has touched a high and low of Rs. 413.15 and Rs. 405.40 respectively. So far 124202 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 533.10 on 16-Jan-2020 and a 52 week low of Rs. 207.85 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 413.70 and Rs. 376.70 respectively. The current market cap of the company is Rs. 19070.51 crore.
The promoters holding in the company stood at 45.76%, while Institutions and Non-Institutions held 37.21% and 16.85% respectively.
Bharat Forge has raised Rs 500 crore through rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) and allotted 5,000 NCDs having face value of Rs 1,000,000 each at par to the investors identified by the Committee of the Board at its meeting held on August 5, 2020.
The Committee of Board of the Company at its meeting held on August 6, 2020 has approved and allotted the same.
Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components

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Tata Motors is India’s largest automobile company

Aug 11 2020 11:54PM

Tata Motors in association with WATConsult, the globally awarded hybrid digital agency from the house of Dentsu Aegis Network (DAN) India, has launched ‘Atmanirbharta by Tata Motors’ - a digital campaign highlighting the existence of localisation in everything that the company do. Designed and conceptualised by WATConsult, this campaign has been released ahead of the glorious occasion of India’s 74th Independence Day and emphasises on the meaning of ‘Atmanirbharta’ or self-reliance for individuals and the nation as a whole.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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Lupin is an innovation-led transnational pharmaceutical company headquartered in Mumbai, India.

Aug 11 2020 11:53PM

Lupin has launched Zileuton Extended-Release Tablets, 600 mg, having received an approval from the United States Food and Drug Administration (USFDA) earlier. The product would be manufactured at Lupin’s Nagpur facility, India. 
Zileuton Extended-Release Tablets, 600 mg, is the generic equivalent of Zyflo CR Extended-Release Tablets, 600 mg, of Chiesi USA, Inc. and is indicated for the prophylaxis and chronic treatment of asthma in adults and children 12 years of age and older.

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Hexaware is the fastest growing next-generation provider?of IT, BPO and consulting services.

Aug 11 2020 11:53PM

Hexaware Technologies and Freshworks Inc., a customer engagement software company, have entered into a global strategic partnership where Hexaware will make use of Freshworks’ customer and employee engagement software to build digital solutions for its customers. Hexaware has been on the forefront of digital transformation and cloud revolution and Freshworks with its software has been making it easy for teams to acquire, close, and keep their customers for life. The partnership will help businesses elevate customer and employee experiences by building solutions that provide quicker response and resolution to internal and external requests.
Hexaware is the fastest growing next-generation provider?of IT, BPO and consulting services.

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M&M is the flagship company of the Mahindra Group, a multinational conglomerate

Aug 10 2020 5:32PM

Mahindra & Mahindra (M&M) is hosting a ten-day care camp dedicated to the servicing of its ambulances, between August 5 and 14, 2020. This Independence Day, Mahindra is paying tribute to the heroic services of nation’s healthcare professionals by providing free sanitization and vehicle cleaning services for its ambulances. A comprehensive, monsoon-related vehicle check-up will also be carried out for free at the care camp.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

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Vakrangee has emerged as a pioneer and key player in the franchisee industry in India

Aug 10 2020 5:31PM

Vakrangee has emerged as a pioneer and key player in the franchisee industry in India. Grant Thornton has done a detailed study and released a report on ‘Franchising in India: A rural perspective’. The report explores various aspects of franchising business, its impact on rural India and acceptance across various sectors and players.
The report highlights that how Private players such as Vakrangee through their emphasis on rural India are taking India to the next level. Vakrangee has managed to boost rural entrepreneurship, increase the level of financial literacy, access to basic services, such as banking, ATM, insurance and create an alternative livelihood besides agriculture.
Vakrangee is the unique technology driven company focused on building India's largest network of lastmile retail outlets to deliver realtime banking & Financial Services, ATM, insurance, egovernance, ecommerce and logistics services to the unserved rural, semiurban and urban markets.

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Marico is one of India’s leading Consumer Products Group,

Aug 7 2020 3:51PM

Marico has launched protect range of surface disinfectant sprays, strengthening its portfolio into the fast-growing segment of safety and hygiene after COVID-19. Besides, the company will also partner with housing finance company HDFC and cab aggregator Ola to help them continue to offer safe services. Ola will provide The protect range to the driver-partners and it will be used by them to disinfect commonly used surfaces like seat, inner panel, handles, etc before every ride. While HDFC will use it to safeguard their customers and employees in offices across India.
Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space. Its products are sold in India and about 25 other countries in Asia and Africa.

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GlobalSpace Technologies has declared formal launch and endorsement

Aug 6 2020 4:00PM

GlobalSpace Technologies has declared formal launch and endorsement for DocExa platform from FOGSI (Federation of Obstetric and Gynaecological Societies of India) for providing mobile and web-based application to its member Doctors to setup their virtual clinic. FOGSI is recommending DocExa as a virtual partner and it is been formerly launched with its associate members.
After the major tie-ups with two Marquee logo companies - Cadila Pharma and Macleods Pharma, this is the major breakthrough for the Company. This further enhances faith on Company’s capability to take the product on a larger platform. GlobalSpace has developed the first Artificial Intelligence (AI) enabled virtual consultation app – DocExa.
GlobalSpace Technologies is a Digital, Mobility, Analytics, AI & Cloud technology company providing integrated healthtech platforms to major stakeholders of Healthcare domain.

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Lupin is an innovation-led transnational pharmaceutical company headquartered in Mumbai, India.

Aug 6 2020 3:59PM

Lupin’s alliance partner Concord Biotech (Concord) has received approval from the United States Food and Drug Administration (USFDA) for Mycophenolate Mofetil Tablets USP, 500 mg, to market a generic version of CellCept Tablets of Roche Palo Alto LLC (Roche). Mycophenolate Mofetil Tablets are indicated for the prophylaxis of organ rejection in recipients of allogeneic kidney, heart or liver transplants, in combination with other immunosuppressants.
Mycophenolate Mofetil Tablets USP, 500 mg (RLD: CellCept) had an annual sales of approximately $96 million in the U.S. 
Lupin is an innovation-led transnational pharmaceutical company headquartered in Mumbai, India.  

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INVESCO MUTUAL FUND FILES OFFER DOCUMENT FOR INDIA FEEDER - INVESCO GLOBAL CONSUMER TRENDS FUND

Aug 4 2020 8:05PM

Invesco Mutual Fund has filed offer document with SEBI to launch an open  ended  fund  of  fund  scheme named 'Invesco India Feeder - Invesco Global Consumer Trends Fund' .The New Fund Offer price is Rs 10 per unit. Entry load will be nil and exit load ,if units are redeemed/switched out within 1 year from the date of allotment: it will be up to 10% of units allotted are redeemed/switched out - Nil , any redemption / switch-out of units in excess of 10% of units allotted it will be 1%; if units are redeemed/switched out after 1 year from the date of allotment, no exit load is payable. The scheme currently offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crores.
The performance for schemes will be benchmarked against MSCI World Consumer Discretionary Index - Net Dividend. The minimum application amount for initial purchase is Rs 1000 each and in multiples of Re 1 thereafter.
The investment objective of the scheme seeks to provide long-term capital  appreciation  by  investing  predominantly in units of Invesco Global Consumer Trends Fund, an  overseas  fund   which  invests   in an international portfolio of companies predominantly engaged in the design, production or distribution of products and  services related to  the  discretionary consumer needs of individuals.

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ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Alpha Low Vol 30 ETF

Aug 4 2020 8:04PM

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Alpha Low Vol 30 ETF an open-ended Index Exchange Traded Fund tracking Nifty Alpha Low-Volatility 30 Index. The NFO opens for subscription on August 03, 2020 and closes on August 10, 2020. The Exit load and Entry load will not be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.
The scheme’s performance will be benchmarked against its performance to Nifty Alpha Low-Volatility 30 TRI and its fund manager is Kayzad Eghlim.
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors.

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Axis Mutual Fund has filed offer document with SEBI to launch an open ended

Jul 22 2020 9:02PM

Axis Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named 'Axis Value Fund '. The New Fund Offer price is Rs 10 per unit. Entry load is nil and exit load if redeemed / switched-out within 12 months, for 10% of investment: Nil For remaining investment will be 1%, if redeemed/switched out after 12 months from the date of allotment will be Nil. The scheme currently does not offer any plans or options and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance for schemes will be benchmarked against S&P BSE 200 TRI. The minimum application amount for initial purchase is Rs 5000 each and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate  consistent  long-term  capital  appreciation  by  investing  predominantly  in  equity  and  equity related securities by following value investing strategy.

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Edelweiss Mutual Fund (MF) has launched the Edelweiss BHARAT Bond FOF-April 2031

Jul 20 2020 7:27PM

Edelweiss Mutual Fund (MF) has launched the Edelweiss BHARAT Bond FOF-April 2031, an open-ended Target Maturity fund of funds scheme investing in units of BHARAT Bond ETF-April 2031. The NFO opens for subscription on July 14, 2020 and closes on July 17, 2020. The Entry load is not applicable for the scheme. The Exit load will be 0.10%, if redeemed or switched out on or before completion of 30 days from the date of allotment of units and nil, if redeemed or switched out after completion of 30 days from the date of allotment of units. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against its performance to Nifty BHARAT Bond Index-April 2031 and its fund managers are Dhawal Dalal and and Gautam Kaul.
The investment objective of the scheme is to generate returns by investing in units of BHARAT Bond ETF-April 2031.

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ICICI Prudential Asset Management Company (AMC) has announced that ICICI Prudential Trust

Jul 20 2020 7:25PM

ICICI Prudential Asset Management Company (AMC) has announced that ICICI Prudential Trust (‘the Trustee’) has approved introduction of Securities Lending and Borrowing under ICICI Prudential Nifty Low Vol 30 ETF Scheme with effect from July 20, 2020.
The Exposure limit for SLB: The Scheme may take exposure to SLB up to 20% of its net assets.Risk factors associated with SLB: Securities lending refers to lending of securities through contracts on trading platforms offered by recognized stock exchanges. Such contracts are for a specified period with the condition that the borrower will return equivalent securities of the same type or class at the end of the specified period along with the corporate benefits accruing on the securities borrowed. The risks in security lending consist of the failure of intermediary/counterparty, to comply with the terms of agreement entered into between the lender of securities i.e. the Scheme and the intermediary/counterparty. Such failure to comply can result in the possible loss of rights in the collateral put up by the borrower of the securities, the inability of the approved intermediary to return the securities deposited by the lender and the possible loss of any corporate benefits accruing to the lender from the securities deposited with the approved intermediary. The scheme may not be able to sell lent out securities, which can lead to temporary illiquidity & loss of opportunity. The AMC shall report to the Trustee on a quarterly basis as to the level of lending in terms of value, volume and the names of the intermediaries and the earnings/ losses arising out of the transactions, the value of collateral security offered etc. The Trustees shall offer their comments on the above aspect in the report filed with SEBI under sub-regulation 23(a) of Regulation 18.
All the other provisions of the SID/KIM/addenda of the Schemes except as specifically modified herein above remain unchanged.

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Motilal Oswal Mutual Fund (MF) has launched the Motilal Oswal

Jul 17 2020 9:57PM

Motilal Oswal Mutual Fund (MF) has launched the Motilal Oswal Multi Asset Fund (MOFMAF), an open ended scheme investing in Equity, International Equity Index Funds/Equity ETFs, Debt and Money Market Instruments and Gold Exchange Traded Funds. The NFO opens for subscription on July 15, 2020 and closes on July 27, 2020. The Entry load is not applicable for the scheme. The Exit load will be 1%, if redeemed on or before 3 months from the date of allotment, and nil, if redeemed after 3 months from the date of allotment. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked against a customized composite benchmark comprising Nifty 50 TRI, Crisil Short Term Gilt Index, S&P 500 Index (TRI) and Domestic Price of Gold and its fund managers are Siddharth Bothra, Abhiroop Mukherjee, Herin Visaria and Swapnil Mayekar.
The investment objective is to generate long term capital appreciation by investing in a diversified portfolio comprises of Equity, International Equity Index Funds/ Equity ETFs, Debt and Money Market Instruments and Gold Exchange Traded Funds.

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ICICI Prudential Asset Management Company (AMC) has announced

Jul 17 2020 9:57PM

ICICI Prudential Asset Management Company (AMC) has announced that ICICI Prudential Trust (‘the Trustee’) has approved introduction of Securities Lending and Borrowing under ICICI Prudential Nifty Low Vol 30 ETF Scheme with effect from July 20, 2020.
The Exposure limit for SLB: The Scheme may take exposure to SLB up to 20% of its net assets.Risk factors associated with SLB: Securities lending refers to lending of securities through contracts on trading platforms offered by recognized stock exchanges. Such contracts are for a specified period with the condition that the borrower will return equivalent securities of the same type or class at the end of the specified period along with the corporate benefits accruing on the securities borrowed. The risks in security lending consist of the failure of intermediary/counterparty, to comply with the terms of agreement entered into between the lender of securities i.e. the Scheme and the intermediary/counterparty. Such failure to comply can result in the possible loss of rights in the collateral put up by the borrower of the securities, the inability of the approved intermediary to return the securities deposited by the lender and the possible loss of any corporate benefits accruing to the lender from the securities deposited with the approved intermediary. The scheme may not be able to sell lent out securities, which can lead to temporary illiquidity & loss of opportunity. The AMC shall report to the Trustee on a quarterly basis as to the level of lending in terms of value, volume and the names of the intermediaries and the earnings/ losses arising out of the transactions, the value of collateral security offered etc. The Trustees shall offer their comments on the above aspect in the report filed with SEBI under sub-regulation 23(a) of Regulation 18.
All the other provisions of the SID/KIM/addenda of the Schemes except as specifically modified herein above remain unchanged.

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ICICI Prudential Asset Management Company (AMC)

Jul 9 2020 7:28PM

ICICI Prudential Asset Management Company (AMC) has announced change in fund managers under ICICI Prudential Multi-Asset Fund with immediate effect. The Existing Fund Managers are Sankaran Naren, Ihab Dalwai, Anuj Tagra and Lalit Kumar (for ETCDs). The Proposed Fund Managers will be Sankaran Naren, Ihab Dalwai, Anuj Tagra and Rakesh Patil (for ETCDs).
All the other provisions of the SIDs/KIMs/SAI/addenda of the schemes except as specifically modified herein above remain unchanged.

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Minister of State for Food and Consumer Affairs has projected a fall in Indias sugar

Mar 4 2020 6:44PM

Minister of State for Food and Consumer Affairs has projected a fall in Indias sugar output by 18% Y-o-Y, at 27.3 million tonne (MT) for ongoing 2019-20 season compared to 33.13 in last sugar season 2018-19. According to the industry body Indian Sugar Mills Association (ISMA), the country has produced 19.48 MT of sugar till February of the marketing year 2019-20 (October-September).
Sharp dip in the yield of sugarcane in the major sugar-producing states of Maharashtra and Karnataka, due to drought in some parts and heavy rains and floods in some other parts of these states, has resulted in the overall dip in sugar output.
Even though, the carry-over stock of about 14.5 MT of the previous sugar season and estimated production of about 27.3 MT in the current sugar season, the availability of sugar will be sufficient to meet the domestic consumption of about 26 MT. While, the ISMA, stated that contracts for exports have been made for a quantity of over 3.5 MT. The government has given 6 MT of sugar export quota for mills in the current season.

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Crude steel output of India dips by 3.2% to 9.28 MT in January

Mar 3 2020 7:01PM

World Steel Association (worldsteel) in its latest report has stated that crude steel output of India has dipped by 3.26% to 9.288 million tonnes (MT) in January 2020 as compared to same month last year`s 9.591 MT. Meanwhile, the overall crude steel production from 64 countries reporting to the association was at 154.4 MT in January 2020, up by 2.1 % as against January 2019.
China, the world`s largest steel producing country, reported a rise in crude steel production in month of January 2020 by 7.2% at 84.3 MT as against last year same month. However, Japan has reported fall in its crude steel output during the period under consideration, by about 1.3% compared to last year same period. South Korea`s crude steel production was 5.8 MT in January 2020, a decrease of 8% from the corresponding period last year.
worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. As many as 64 major steel producing countries report data to the body which represents around 85% of global steel production.

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Indias coal imports increase by 8.6% in November

Feb 12 2020 6:23PM

Indias coal imports have increased by 8.6% to 21.83 million tonnes (MT) during the month of November 2019 from a year earlier, after previous three straight months of decline.
As per estimates of Coal Ministry, thermal coal, which is been used for electricity generation, imports peaked to 17.65 MT by about 12.3% increase as against previous year same month. While, shipping in of coking coal into the country fell by 5% to 4.18 MT as compared to last year same month.
During August to October, Indian thermal coal imports had marked declines, registering their longest losing streak in over two years. Mainly, the broader economic slowdown worries had weighed on the industrial investments.

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Indian gems and jewelry shipments slip 8.45% in January

Feb 12 2020 6:21PM

The Gem Jewellery Export Promotion Council (GJEPC) stated that Indias exports of gems and jewelry slipped 8.45% to Rs 21,146.59 crore in January 2020, as against previous year same month`s Rs 23,099.57 crore. The country`s exports during April 2019 to January 2020, witnessed a fall of 4.78% to Rs 2,16,076.06 crore as against previous year same period`s 2,26,933.91 crore.
Shipment of cut and polished diamonds (CPD) in the month of January also dropped by 4.92% to Rs 11,757.08 crore as against previous year same month`s Rs 12,365.89 crore. While for the first 10 months of FY20 the CPD slipped by 16.04% to Rs 1,14,982.97 crore as against previous year same period`s Rs 1,36,941.69 crore.
The overall gold exporting in January also dipped by 2.21% to Rs 6,337.12 crore as against previous year same month`s Rs 6,480.26 crore. Although, overall gold jewelry exporting during April 2019 to January 2020 has marked a gain of 5.33% to Rs 71,981.43 crore as against previous year same period`s Rs 68,340.74 crore.

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Indias potato production increases 51% to 52.5 MT in over a decade: Agriculture Minister

Jan 31 2020 10:14PM

Union Agriculture Minister Narendra Singh Tomar has said potato production of India increased 51% to 52.5 million tonnes (MT) in over a decade. Its production had stood at 34.7 MT in 2008. He pegged the potato output to grow about 3% annually till 2050. He added that the production of potato rose 34 times in seven decades while the area under cultivation grew by 9.3 times.
India is the second-largest producer of potato after China in the world. Together, both the countries contribute 38% to the world`s total potato production. Tomar further said the country also needs to increase the crop`s exports.
He expressed concerned over crop losses, saying the damage to the crop currently stands at 16 per cent that needs to be reduced. He also said that experts and researchers will have to find a way out to develop high-quality and disease-resistant variety of potato seed which would consume less water and meet the challenges of global warming.


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The Economic Survey 2019-20 has showed that India produced 64.3 million tonne

Jan 31 2020 10:12PM


The Economic Survey 2019-20 has showed that India produced 64.3 million tonne (MT) of crude steel and 59.73 MT of finished steel during April-October, 2019-20. The Survey also noted that the steel sector achieved a growth of 5.2 per cent during April-November period of the ongoing financial year as compared to 3.6 per cent in the year-ago period.
As per the survey, India produced 109.2 MT of crude steel during 2018-19 and in the current financial year (FY) till October 2019, crude steel production was 64.3 MT, displaying a growth of 1.5 per cent over corresponding period of last year with utilization capacity of 77.4 per cent. Similarly, it noted that production of finished steel was 137.2 MT in 2018-19 and 59.73 MT during April-October 2019.
The Survey further said as per RBI studies on corporate performance, demand conditions for the manufacturing sector weakened in second quarter of 2019-20, with a contraction year-on-year in nominal sales. It added that petroleum products, iron and steel, motor vehicles and other transport equipment companies were the major contributors to slowdown.

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Indias gold imports has dipped by 6.77% to $23 billion during April-December 2019

Jan 27 2020 6:34PM

Indias gold imports has dipped by 6.77% to $23 billion during April-December 2019 as against last year same period`s $24.73 billion. This has contributed to trim the countrys current account deficit (CAD) to $118 billion during the period, compared to last year`s $148.23 billion.
India, the largest importer of gold, imports about 800-900 tonne of gold annually in volume terms. The government had increased import duty on the metal to 12.5% from 10%, to mitigate the negative impact of gold imports on trade deficit and CAD.
Meanwhile, gems and jewelry exports declined 6.4% to $27.9 billion in April-December this fiscal. The country`s imports in terms of value dipped by 3% to $32.8 billion in 2018-19. According to RBI data, the CAD narrowed to 0.9% of gross domestic product or $6.3 billion in July-September 2019 from 2.9% or $19 billion in corresponding period previous year.

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The government is considering lifting ban on exports of onion as fresh arrival of the commodity

Jan 24 2020 1:27PM


The government is considering lifting ban on exports of onion as fresh arrival of the commodity has started softening its prices in the domestic market. Arrival of fresh onion will further soften the prices in the domestic market so there is a need to lift the export ban. Onion prices have come down to around Rs 60-70 per kg depending upon quality and locality from the peak of Rs 160 per kg last month.
Fresh onion is available from January to May. In September 2019, the government had banned the export of onion to increase availability of the commodity in the domestic market and contain rising prices. The government had also imposed stock limits on traders.
Retail onion prices had skyrocketed in Delhi and other parts of the country due to supply disruption from flood-affected growing states like Maharashtra. Onion production is estimated to have declined by around 25% in the Kharif and late Kharif seasons of 2019-20 crop year compared to the previous year due to late monsoon and then excess rains in the major producing states.

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Post-Session:Indian equity markets traded with volatility but in green and ended higher on Tuesday

Aug 11 2020 11:50PM

Indian equity markets traded with volatility but in green and ended higher on Tuesday, buoyed by banks and metal stocks amid positive cues from global peers. Sensex and Nifty closed above their crucial 38,400 and 11,300 levels, respectively. Markets had a gap up opening, supported by better-than-expected quarterly earnings together with rupee appreciation. Traders took encouragement with Commerce and Industry Minister Piyush Goyal’s statement that India's balance of payments this year is going to be very, very strong on the back of significant improvement in exports and a fall in imports. Some support also came in as Union Minister Nitin Gadkari said the government is working on the idea of a land bank and a social microfinance institution to help people run small shops and businesses.
However, key gauges trimmed most of their gains to come off day’s high in afternoon session, as the Covid-19 cases continued to rise unabated. Some cautiousness prevailed with ratings agency ICRA’s report that the coronavirus pandemic will significantly impact performance of companies and it is likely to be severe and prolonged for select sectors, especially aviation, hospitality and retail. It added the pandemic, followed by extended lockdowns in India both nationally and then localised, has impacted India Inc for the major part of the first quarter of the current financial year. But, markets regained some momentum in final hour of trade, taking support from Food and Public Distribution Secretary Sudhanshu Pandey’s statement that the country's economy is reviving from the impact of COVID-19 pandemic and this is visible from the performance of sectors such as FMCG and agriculture. He said that FMCG revenues have come back to almost 85 percent of pre-COVID times, which is an important indicator.
On the global front, Asian markets ended mixed on Tuesday, as investors kept an eye on rising tensions between the U.S. and China after Beijing imposed sanctions on eleven U.S. citizens in retaliation for similar measures by the U.S. earlier. European markets were trading higher, as survey data from the ZEW - Leibniz Centre for European Economic Research showed German economic confidence improved notably in August. The ZEW Indicator of Economic Sentiment increased unexpectedly to 71.5 in August from 59.3 in July. The score was forecast to fall to 58.0. Separately, monthly data from the British Retail Consortium revealed that U.K. like-for-like retail sales increased strongly in July as lockdown measures were eased and demand gradually began to return in some places. Back home, on the sectoral front, majority of auto stocks fell with data from The Federation of Automobile Dealers Associations (FADA) showing that total auto vehicle registrations dropped by 36.27 per cent to 1,142,633 units from 1,792,879 units, a year ago. Besides, defence stocks were in focus with Defence Minister Rajnath Singh’s statement that the government will unveil more steps to attract investment in defence manufacturing so that India can produce world-class military platforms and weapons systems. 
Finally, the BSE Sensex gained 224.93 points or 0.59% to 38,407.01, while the CNX Nifty was up by 52.35 points or 0.46% to 11,322.50.
The BSE Sensex touched high and low of 38,556.27 and 38,313.06, respectively and there were 19 stocks advancing against 10 stocks declining, while 1 stock remians unchanged on the index.
The broader indices ended in red; the BSE Mid cap index rose 0.20%, while Small cap index was down by 0.23%.
The top gaining sectoral indices on the BSE were Metal up by 1.50%, Bankex up by 1.41%, Finance up by 1.10%, Oil & Gas up by 0.68%, Energy up by 0.66% and FMCG up by 0.62%, while Telecom down by 1.46%, Healthcare down by 1.33%, Consumer Durables down by 1.31%, Realty down by 0.63% and TECK down by 0.44% were the top losing indices on BSE.
The top gainers on the Sensex were Axis Bank up by 3.96%, Indusind Bank up by 2.45%, ITC up by 2.39%, HDFC Bank up by 1.58% and Tata Steel up by 1.54%. On the flip side, Titan Company down by 3.73%, Bharti Airtel down by 1.27%, HCL Technologies down by 1.26%, Tech Mahindra down by 0.95% and ONGC down by 0.70% were the top losers.
Meanwhile, Ratings agency ICRA in its latest report has said that the financial performance of corporate sector will be significantly impacted due to extended lockdowns after the outbreak of the coronavirus (Covid-19). It said the impact is likely to be severe and prolonged for select sectors, especially aviation, hospitality, retail and allied businesses. It noted that the pandemic, followed by extended lockdowns in India both nationally and then localised, has impacted India Inc for the major part of the first quarter of the current financial year.
According to the report, the economic activity started to recover from the troughs experienced in April when the lockdown was at its severest and many sectors seem to be adjusting to a new normal. However, it said the unabated rise in COVID-19 cases in the unlock phase and localised re-imposition of lockdowns in several states have interrupted this recovery in recent weeks. It also said the financial performance of corporate sector would be significantly impacted, as manufacturing, construction, industrial and consumption activities have taken a sharp hit.
The report further said overall, Q1 FY2021 will be a washout for India Inc, with significant pressure on revenues and earnings, considering that the major part of the quarter was under lockdown or gradual ramp-up phase. It noted that with continuing fixed overheads and virtually no revenues, the earnings and margin profile of the corporate India are expected to have deteriorated quite sharply during the quarter, despite some recovery towards the end. Furthermore, it said with gradual recovery expectations during the rest of the fiscal, and the current subdued macro-economic environment, pressure on earnings and credit profiles are expected to continue over FY2021. 
The CNX Nifty traded in a range of 11,373.60 and 11,299.15 and there were 33 stocks advancing against 17 stocks declining on the index.
The top gainers on Nifty were Zee Entertainment up by 5.16%, JSW Steel up by 3.94%, Axis Bank up by 3.92%, BPCL up by 3.58% and Indusind Bank up by 2.50%. On the flip side, Shree Cement down by 3.87%, Titan Company down by 3.57%, UPL down by 2.33%, Cipla down by 2.09% and Dr. Reddys Lab down by 1.96% were the top losers.
European markets were trading higher; UK’s FTSE 100 increased 142.22 points or 2.35% to 6,192.81, France’s CAC rose 129.45 points or 2.64% to 5,038.96 and Germany’s DAX was up by 339.44 points or 2.68% to 13,026.97.
Asian markets ended mixed on Tuesday tracking investors' worries about escalating Sino-US tensions and awaited a meeting between top US and Chinese trade officials on Saturday to review the first six months of the Phase 1 trade deal. Investors also kept an eye on ongoing stimulus talks in Washington. US congressional leaders and officials in President Donald Trump’s administration said they were ready to resume negotiations on a corona virus aid deal. US President Donald Trump signed executive orders aimed at extending corona virus relief to Americans. Meanwhile, China announced unspecified sanctions against 11 US politicians and heads of organizations promoting democratic causes, including Senators Marco Rubio and Ted Cruz, who have already been singled out by Beijing. Japanese shares gained as traders returned from a holiday. Seoul shares ended higher as investors shrugged off data showed that exports contracted 23.6 percent from last year in the first 10 days of August, while imports declined 24.3 percent.

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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]