Trade @ the Speed of and sell shares on IIFL with speeds comparable and at times better than NSE's NEAT Terminal. This speed and reliability comes only with perseverance of pioneer backed by huge investment in technology
PGDM.1ST
Sunday, October 24, 2010
Benefits of Online Stock Trading
Online stock trading refers to buying and/or sell securities by the stock investor himself on the Internet as compared to calling the broker and having him or her place the order. There are many benefits to online stock trading that I will discuss here.
niraj
PGDM 1ST
niraj
PGDM 1ST
Sunday, October 17, 2010
RAYMOND
| BY MOHD YOUSUF |
| On TradeRacer From ICICIdirect.com The Power Packed Trading Terminal Content.ICICIdirect.com |
Raymond touched an intraday high of Rs 401.70 and an intraday low of Rs 388.05. At 09:59 hrs the share was quoting at Rs 389.10, down Rs 8.5, or 2.14%.
It was trading with volumes of 165,867 shares. On Friday the share closed up 2.53% or Rs 9.80 at Rs 397.60.
It was trading with volumes of 165,867 shares. On Friday the share closed up 2.53% or Rs 9.80 at Rs 397.60.
| Share Price Movement During The Last 12 Months | ||||
| Period | Price | Latest Price | Gain/Loss (Rs.) | % Gain/Loss |
| 3-Days | 385.65 | 389.10 | 3.45 | 0.89 |
| 5-Days | 393.20 | 389.10 | -4.10 | -1.04 |
| 7-Days | 387.20 | 389.10 | 1.90 | 0.49 |
| 15-Days | 367.25 | 389.10 | 21.85 | 5.95 |
| 1-Month | 398.55 | 389.10 | -9.45 | -2.37 |
| 3-Month | 226.40 | 389.10 | 162.70 | 71.86 |
| 6-Month | 251.30 | 389.10 | 137.80 | 54.83 |
| 9-Month | 235.20 | 389.10 | 153.90 | 65.43 |
| 1-Year | 195.30 | 389.10 | 193.80 | 99.23 |
HDFC
BY MOHD YOUSUF
India's largest mortgage lender Housing Development Finance Corporation (HDFC) is set to announce its results for the quarter ended September 2010. According to CNBC-TV18 estimates, the company is expected to post net profit at Rs 800.15 crore as against Rs 663.94 crore, a growth of 20.51% on year-on-year basis (YoY).
Net interest income is seen going up 20.38% to Rs 1,140 crore from Rs 947 crore, (YoY).
Its net operating income is seen up 19.42% from Rs 1013.72 crore to Rs 1210.7 crore.
Q2FY11 expectations
* Loan growth of 22% expected
* 23% growth in NII led by strong disbursals during Q1FY11
* Retail business will continue to be strong
* Disbursements are expected grow at over 11%
* Spreads likely to come at 2.2%
India's largest mortgage lender Housing Development Finance Corporation (HDFC) is set to announce its results for the quarter ended September 2010. According to CNBC-TV18 estimates, the company is expected to post net profit at Rs 800.15 crore as against Rs 663.94 crore, a growth of 20.51% on year-on-year basis (YoY).
Net interest income is seen going up 20.38% to Rs 1,140 crore from Rs 947 crore, (YoY).
 |
Q2FY11 expectations
* Loan growth of 22% expected
* 23% growth in NII led by strong disbursals during Q1FY11
* Retail business will continue to be strong
* Disbursements are expected grow at over 11%
* Spreads likely to come at 2.2%
Tuesday, October 12, 2010
Five of India's biggies may shed Rs 40K-cr holding
NEW DELHI: Five of India’s biggest listed companies, four of which are in the Nifty, have a Rs 40,000-crore decision to make in the next six months: what to do with the Rs 40,000 crore of their own shares they currently hold?
The urgency to make that decision arises from India Inc beginning its transition to International Financial Reporting Standards (IFRS), the global accounting architecture that is far more demanding than current Indian standards, from April 1, 2011.
IFRS invalidates a big reason why Indian companies prefer to hold their own shares or ‘treasury stock’ in accounting parlance. “Companies holding treasury stock for profit might now consider not having it at all,” says Jamil Khatri, executive director, IFRS, KPMG.
If these five companies, Reliance Industries, Mahindra & Mahindra , BPCL , Jaiprakash Associates and United Spirits , think similarly, it could lead to them offloading Rs 40,000 crore of their stock (See table: Stock Pile).
Emails to the five companies on their reasons for holding treasury stock and plans went unanswered.
To put that Rs 40,000 crore number in perspective, it is about 8.7% of the total Rs 4,60,000 crore market capitalisation of those five companies. “Share prices of companies with treasury stock might come under pressure,” says the research head of a leading brokerage.
A conclusive list of Indian companies with treasury stock, and their exact holding, is difficult to generate, as most of them hold such shares in a trust of a subsidiary. Because of the two degrees of separation, if not more, under Indian accounting rules, companies are not under compulsion to disclose the accounts of the trust. So, in most cases, treasury stock doesn’t show up in databases.
Treasury stock arises when a company merges a subsidiary into itself. For instance, Reliance Industries Limited (RIL), through four of its subsidiaries, held 46% stake in IPCL. When IPCL merged into RIL, all IPCL shareholders got RIL shares. RIL, being a shareholder through its subsidiaries, got its own shares.
In most developed markets like the US and the UK, companies extinguish their treasury stock on allotment itself. This has the effect of reducing a company’s equity, thus boosting its earnings per share (EPS). Theoretically, this should increase shareholder wealth. “Cancellation seems logical as it restates the correct position after merger,” says R Shankar Raman, senior vice-president (finance & legal), L&T, which has no treasury stock.
But several Indian companies have chosen to hold treasury stock. Promoters might want greater control over their stock or might feel their stock is undervalued. Or, they might want to sell treasury stock, boost their profit number, and use it to pay dividends or fund expansion. IFRS closes the profit and dividend-payout window.
Under this new accounting architecture, companies can’t show the sale proceeds of treasury stock as income. If they can’t recognise it as income, they can’t add it to profits. If they can’t add it to profits, they can’t distribute it as dividends.
In other words, such a transaction bypasses the profit and loss (P&L) account. The change gets reflected only in the balance sheet, with an increase in reserves. Thus, the sales proceeds can be used for expansion, but not to pay dividends. This reduces the incentive for companies to hold treasury stock with the intention of profiting from it.
L&T’s Raman says it’s difficult to say how companies will act
ROHIT KALIA
PGDM 1ST SEM
The urgency to make that decision arises from India Inc beginning its transition to International Financial Reporting Standards (IFRS), the global accounting architecture that is far more demanding than current Indian standards, from April 1, 2011.
IFRS invalidates a big reason why Indian companies prefer to hold their own shares or ‘treasury stock’ in accounting parlance. “Companies holding treasury stock for profit might now consider not having it at all,” says Jamil Khatri, executive director, IFRS, KPMG.
If these five companies, Reliance Industries, Mahindra & Mahindra , BPCL , Jaiprakash Associates and United Spirits , think similarly, it could lead to them offloading Rs 40,000 crore of their stock (See table: Stock Pile).
Emails to the five companies on their reasons for holding treasury stock and plans went unanswered.
To put that Rs 40,000 crore number in perspective, it is about 8.7% of the total Rs 4,60,000 crore market capitalisation of those five companies. “Share prices of companies with treasury stock might come under pressure,” says the research head of a leading brokerage.
A conclusive list of Indian companies with treasury stock, and their exact holding, is difficult to generate, as most of them hold such shares in a trust of a subsidiary. Because of the two degrees of separation, if not more, under Indian accounting rules, companies are not under compulsion to disclose the accounts of the trust. So, in most cases, treasury stock doesn’t show up in databases.
Treasury stock arises when a company merges a subsidiary into itself. For instance, Reliance Industries Limited (RIL), through four of its subsidiaries, held 46% stake in IPCL. When IPCL merged into RIL, all IPCL shareholders got RIL shares. RIL, being a shareholder through its subsidiaries, got its own shares.
In most developed markets like the US and the UK, companies extinguish their treasury stock on allotment itself. This has the effect of reducing a company’s equity, thus boosting its earnings per share (EPS). Theoretically, this should increase shareholder wealth. “Cancellation seems logical as it restates the correct position after merger,” says R Shankar Raman, senior vice-president (finance & legal), L&T, which has no treasury stock.
But several Indian companies have chosen to hold treasury stock. Promoters might want greater control over their stock or might feel their stock is undervalued. Or, they might want to sell treasury stock, boost their profit number, and use it to pay dividends or fund expansion. IFRS closes the profit and dividend-payout window.
Under this new accounting architecture, companies can’t show the sale proceeds of treasury stock as income. If they can’t recognise it as income, they can’t add it to profits. If they can’t add it to profits, they can’t distribute it as dividends.
In other words, such a transaction bypasses the profit and loss (P&L) account. The change gets reflected only in the balance sheet, with an increase in reserves. Thus, the sales proceeds can be used for expansion, but not to pay dividends. This reduces the incentive for companies to hold treasury stock with the intention of profiting from it.
L&T’s Raman says it’s difficult to say how companies will act
ROHIT KALIA
PGDM 1ST SEM
Reliance BIG TV signs corporate alliance with MIRC Electronics
MUMBAI: Reliance BIG TV (RBTV), a leading Direct-to-Home (DTH) service provider in the country, has entered into a corporate alliance with leading electronics manufacturer, MIRC Electronics Limited--makers of the Onida brand of consumer durables.
Customers across the country can now avail of a free Reliance BIG TV connection on the purchase of Onida LED, LCD and the colour television (CTV) range comprising 21UltraSlim models, 21Thunder models, 29 Flat models and 29 slim models, a press release issued here stated.
The connection comes with one month of silver pack subscription absolutely free.
This exclusive offer is valid through the entire festive season starting October 1 till November 10, the release said.
Reliance BIG TV's Senior Vice-President & Chief Marketing Officer, Umesh Rao, said, "we are delighted to partner with Onida Television range for the festival season. This association brings a dramatic scaling of reach and visibility for both the partners."
Mirc Electronics Ltd's Vice-President, Sales, Marketing and Services, K Sriram, said, "the Indian DTH market offers immense potential for the future growth amongst total television homes in India. We are proud to announce our association with Reliance Big TV DTH. On purchase of any ONIDA LED/LCD TVs or selected CTV models, consumers can get a Reliance BIG TV connection absolutely free."
Reliance BIG TV DTH is a wholly-owned subsidiary of Reliance Communications , India's largest integrated telecom service provider.
ROHIT KALIA
PGDM 1ST SEM
Customers across the country can now avail of a free Reliance BIG TV connection on the purchase of Onida LED, LCD and the colour television (CTV) range comprising 21UltraSlim models, 21Thunder models, 29 Flat models and 29 slim models, a press release issued here stated.
The connection comes with one month of silver pack subscription absolutely free.
This exclusive offer is valid through the entire festive season starting October 1 till November 10, the release said.
Reliance BIG TV's Senior Vice-President & Chief Marketing Officer, Umesh Rao, said, "we are delighted to partner with Onida Television range for the festival season. This association brings a dramatic scaling of reach and visibility for both the partners."
Mirc Electronics Ltd's Vice-President, Sales, Marketing and Services, K Sriram, said, "the Indian DTH market offers immense potential for the future growth amongst total television homes in India. We are proud to announce our association with Reliance Big TV DTH. On purchase of any ONIDA LED/LCD TVs or selected CTV models, consumers can get a Reliance BIG TV connection absolutely free."
Reliance BIG TV DTH is a wholly-owned subsidiary of Reliance Communications , India's largest integrated telecom service provider.
ROHIT KALIA
PGDM 1ST SEM
Friday, September 24, 2010
Cynthia Says: September 23rd, 2010 at 5:05 pm
First off, I prefer to be paid in chocolate bars – in case anyone is interested in hiring me. . .
Second, I never begrudge anyone a chance to make a buck — except — when it’s fraudulent or even close to it. I don’t mind ads on blogs or even paid reviews, but I do expect bloggers to be honest and not give a rave review to a child’s toy that breaks every safety law on the books or sun tan lotion that turns you green.
I recently saw a post from a mommy blogger where she pulled back a contest for a product that upon regular use gave her child a rash. She was upfront about the fact that she no longer endorsed the product and she removed the giveaway. I’m sure that wasn’t easy for her to put in print, but that’s the way it should be.
I would like to think that not everyone is writing purely for the buck – actually, no one is writing just to make money, it would be like coal mining purely for the fun of it. I think everyone should love (or at least like) their job but writers in particular have to enjoy the craft or it’s not worth doing, even for a $25 Amazon GC.
NIRAJ KUMAR
PGDM 1ST.
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