STOPLOSSS OF NIFTY FUTURES TRIGERRED

ON 28.03.12 WE RECOMMENDED TO BUY NIFTY FUTURES B/W 5170-5180 WITH A STOPLOSS OF 5150 FOR A TARGET OF 5218, 5233 AND 5248. OUR STOPLOSS OF 5170 TRIGERRED. EXIT FROM IT.

BUY NIFTY FUTURES B/W 5170-5180 WITH A STOPLOSS OF 5150

WE RECOMMEND TO BUY NIFTY FUTURES B/W 5170-5180 WITH A STOPLOSS OF 5150 FOR A TARGET OF 5218, 5233 AND 5248.

2ND BINGO! NIFTY FUTURES REACHED OUR SECOND TARGET OF 5293

ON 26.03.12 WE RECOMMENDED TO BUY NIFTY FUTURES B/W 5190-5220 WITH A STOPLOSS OF 5150 FOR A TARGET OF 5268, 5293 AND 5328. OUR SECOND TARGET OF 5293 ACHIEVED TODAY. BINGO!

1ST BINGO! NIFTY FUTURES REACHED OUR FIRST TARGET OF 5268

ON 26.03.12 WE RECOMMENDED TO BUY NIFTY FUTURES B/W 5190-5220 WITH A STOPLOSS OF 5150 FOR A TARGET OF 5268, 5293 AND 5328. OUR FIRST TARGET OF 5268 ACHIEVED TODAY. BINGO!

BUY NIFTY FUTURES B/W 5190-5220 WITH A STOPLOSS OF 5150

WE RECOMMEND TO BUY NIFTY FUTURES B/W 5190-5220 WITH A STOPLOSS OF 5150 FOR A TARGET OF 5268, 5293 AND 5328.

12TH BINGO! TTK PRESTIGE FUTURES REACHED OUR TWELFTH TARGET OF 3183

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073, 3098, 3123, 3148 AND 3183. OUR TWELFTH TARGET OF 3183 ACHIEVED TODAY ITSELF. BINGO AGAIN! 

11TH BINGO! TTK PRESTIGE FUTURES REACHED OUR ELEVENTH TARGET OF 3148

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073, 3098, 3123, 3148 AND 3183. OUR ELEVENTH TARGET OF 3148 ACHIEVED TODAY ITSELF. BINGO AGAIN! 

10TH BINGO! TTK PRESTIGE FUTURES REACHED OUR TENTH TARGET OF 3123

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073, 3098, 3123, 3148 AND 3183. OUR TENTH TARGET OF 3123 ACHIEVED TODAY ITSELF. BINGO AGAIN!  

9TH BINGO! TTK PRESTIGE FUTURES REACHED OUR NINETH TARGET OF 3098

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073 AND 3098. OUR NINETH TARGET OF 3098 ACHIEVED TODAY ITSELF. BINGO AGAIN! NOW NEXT TARGETS R 3123, 3148 AND 3173.

8TH BINGO! TTK PRESTIGE FUTURES REACHED OUR EIGHTH TARGET OF 3073

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073 AND 3098. OUR EIGHTH TARGET OF 3073 ACHIEVED TODAY ITSELF. BINGO AGAIN!

7TH BINGO! TTK PRESTIGE FUTURES REACHED OUR SEVENTH TARGET OF 3048

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073 AND 3098. OUR SEVENTH TARGET OF 3048 ACHIEVED TODAY ITSELF. BINGO AGAIN!

6TH BINGO! TTK PRESTIGE REACHED OUR SIXTH TARGET OF 3023

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998 AND 3023. OUR SIXTH TARGET OF 3023 ACHIEVED TODAY ITSELF. BINGO AGAIN! NOW NEXT TARGETS R 3048, 3073 AND 3098.

5TH BINGO! TTK PRESTIGE FUTURES REACHED OUR FIFTH TARGET OF 2998

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998 AND 3023. OUR FIFTH TARGET OF 2998 ACHIEVED TODAY ITSELF. BINGO AGAIN! 

4TH BINGO! TTK PRESTIGE FUTURES REACHED OUR FOURTH TARGET OF 2973

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998 AND 3023. OUR FOURTH TARGET OF 2973 ACHIEVED TODAY ITSELF. BINGO AGAIN! 

3RD BINGO! TTK PRESTIGE FUTURES REACHED OUR THIRD TARGET OF 2948

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE FUTURES AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2913, 2933 AND 2948. OUR THIRD TARGET OF 2948 ACHIEVED TODAY ITSELF. BINGO! NOW NEXT TARGETS R 2973, 2998 AND 3023.

2ND BINGO! TTK PRSTIGE FUTURES REACHED OUR SECOND TARGET OF 2933

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE FUTURES AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2913, 2933 AND 2948. OUR SECOND TARGET OF 2933 ACHIEVED TODAY ITSELF. BINGO!

1ST BINGO! TTK PRESTIGE FUTURES REACHED OUR FIRST TARGET OF 2913

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE FUTURES AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2913, 2933 AND 2948. OUR FIRST TARGET OF 2913 ACHIEVED TODAY ITSELF. BINGO!

BUY TTK PRESTIGE FUTURES ABOVE 2875 WITH A STOPLOSS OF 2850

WE RECOMMEND TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2913, 2933 AND 2948.

NBCC FIXES IPO PRICE BAND AT Rs. 90-106 A SHARE

Urban Development Minister Kamal Nath said the government has fixed the price band at Rs 90-106 a share for the initial public offer (IPO) of National Buildings Construction Corporation (NBCC). 

Government hopes to raise Rs 120 crore via offer of 1.2 crore equity shares, by diluting 10% stake. Retail investors and employees will get shares at a 5% discount to final price of the issue.

State-run construction company's issue will open for subscription during March 22 and March 27, Kamal Nath says. He said equity shares offerd via IPO would be listing in the next month (April).

This would be the last issue by government, which is a part of divestment programme of Rs 40,000 crore, for FY12. The government has raised more than Rs 14,000 crore so far via stake dilution in two public issues -  Power Finance Corporation and ONGC. This time also the government failed to achieve its target. Now, it has reduced its target to Rs 30,000 crore for FY13 and Rs 25,000 crore for FY14.

The company is engaged in the business of project management consultancy services for civil construction projects; civil infrastructure for power sector; and real estate development.

It is an offer for sale by the government, which comprises a net offer to the public of 1.188 crore shares and a reservation of 1.2 lakh equity shares for subscription by eligible employees.

Bids can be made for a minimum of 60 equity shares and in multiples of 60 equity shares thereafter. Retail investors can bid for minimum of 2220 equity shares at lower end of price band and 1860 shares at higher end.

Credit Analysis & Research Limited assigned a grade 4/5 to the IPO, indicating above average fundamentals.

Equity shares issued through this issue are proposed to be listed on the BSE and National Stock Exchange.

IDBI Capital Market Services Limited and Enam Securities Private Limited are the book running lead managers to the issue.

INDIA UNION BUDGET 2012: HIGHLIGHTS

New Delhi: Today's Budget is one of the biggest challenges of Pranab Mukherjee's long political career and the Finance Minister set the tone for it when he described the year gone by as a "year of recovery interrupted." He began with listing grim ground realities - the global economic scenario, the battle with double digit inflation and said it was time for tough decisions. Here are the highlights of this fiscal's financial budget.

• Service tax raised from 10 percent to 12 percent

• Income tax exemption limit raised to Rs.2 lakh to provide relief of relief of Rs.2,000 for assessees in this catergory; 20 percent tax on income over Rs.10 lakh, up from Rs.8 lakh.

• Deduction of up to Rs.10,000 from interest from savings bank accounts.

• No change in corporate taxes but measures to enable them better access funds

• Witholding tax on external commercial borrowings reduced from 20 percent to five percent for power, airlines, roads, bridges, affordable houses and fertiliser sectors.

• Defence to get Rs.1.93 lakh crore during 2012-13.

• National Skill Development Fund allocated Rs.1,000 crore.

• Four thousand residential quarters to be constructed for paramilitary forces with an allocation of Rs.1,185 crore.

• National Population Register to be completed in two years.

• Number of proactive steps taken on black money (stashed away abroad); information has started flowing in, prosecution to be initiated; White Paper in current session.

• Allocation of Rs.200 crore for research on climate change.

• Irrigation and water resource company to be operationalised.

• National mission on food processing to be started in cooperation with state governments.

• Integrated Child Development Scheme to be strengthened and restructured with allocation of Rs.15,850 crore.

• Allocation of Rs.14,000 crore for rural water supply and sanitation.

• Infusion of Rs.15,888 crore in public sector banks, regional rural banks and NABARD in 2012-13.

• Infrastructure will require Rs.50 lakh crore in 12th Plan, half of this from the private sector.

• Completion of highway projects 44 percent higher than in previous fiscal.

• External commercial borrowing of up to $1 billion permitted for airline sector.

• External commercial borrowing permitted to low-cost housing sector.

• From 2012-13, full subsidies for providing food security; in other sectors to the extent the economy can bear this.

• Hope to raise Rs.30,000 crore from disinvestments.

• New equity savings scheme to provide for income tax deduction of 50 percent for those who invest Rs.50,000 in equity and whose annual income is less than Rs.10 lakh.

• Corporate market reforms to be initiated.

• Bills on micro-finance institutions, national land bank and public debt management among those to be introduced in 2012-13.

• Addressing malnutrition, black money and corruption in public life among five priorities in year ahead.

• India's inflation structural, driven largely by agricultural constraints.

• Current account deficit 3.6 percent in 2011-12; this put pressure on exchange rate.

• Growth in 2012-13 estimated at 7.6 percent; expect inflation to be lower.

• Better monitoring of expenditure on government schemes.

• Fiscal 2011-12 year of recovery interrupted; reality turned out to be different.

• GDP growth in 2011-12 estimated at 6.9 percent; had to battle double digit inflation for two years.

• Good news: agriculture and services continued to perform well; economy is now turning around; recovery in core sectors.

• Now at juncture where it is necessary to take hard decisions; have to accelerate pace of reforms.

LATEST HOLDINGS OF AMANSA CAPITAL

Amansa Capital, run by Akash Prakash, having assets under management of around $300mn with a focus on midcap companies in India. In an interview with FinanceAsia, Akash Prakash mentioned that they have invested in around 25 companies with investment size of $8mn-12mn each though I can only find out 13 of them with market value of $110mn.

Cholamandalam Investment and Finance Ltd (market value of around Rs 53crs)

Max India (Management mentioned they will recover all losses of previous 3 quarters and end FY11 in the black. Major beneficiary of reforms in Insurance if and when it happens )

Whirlpool of India (MV of Rs 50crs) .

Greaves Cotton (Manufacturers of engines for Piaggio, Tata Motors and Mahindra & Mahindra’s three-wheeler vehicles. Also manufactures Construction equipment. I have a vested interest in this stock)

Rallis India (Stock had a dream run over the past 2 years. Still it should do well in the long term)

Entertainment Network of India Ltd (ENIL) (Owners of Radio Station “Radio Mirchi” )

Gujarat Pipavav Port (Anchor investor in IPO last year)

Blue Star (See recovery in earnings only in H2 of FY12)

Kirloskar Oil Engines Ltd (market value of around Rs 32crs)

Edelweiss Capital (I have not seen any industry as competitive as broking)

Carborundum Universal (The company targets a Return on Capital Employed of 25% from 21.5% currently over the next few years)

OnMobile Global (Beneficiary of 3G)

Tube Investments of India ( It seems like some sort of obsession with Muruguppa Group companies! )

I think (from the few companies I track) the portfolio is very well diversified across sectors with companies known for maintaining high standard of corporate governance. Since Akash Prakash appears on business channels frequently and writes a column for Business Standard with no mention of his fund’s holdings anywhere, I thought why not find out from the BSE!

BEJAN DARUWALLA PREDICTIONS FOR STOCK MARKET 2012

While the Street enters 2012 with apprehensions written all over, astrologist Bejan Daruwalla underplays worries and predicts a 'happy' new year, but only post September 2012. In an interview to CNBC-TV18, Daruwalla said that the pain and gloom in the market will continue to stay but only until June 2012.

Agreeing that the Indian market is on a treacherous wicket, he however foresees that the best is set to come in 2012.

"Jupiter being the planet for money moves rather slowly. However, by September 2012 the worst will be over for the market," he predicts. also forecasts that entertainment, minerals, chemicals, colours and pharma sectors are set to outdo others in 2012.

Talking about the world economy treading turbulent times, he sees March 2013 as the time when both Indian and the global economy is set to be on a winning wicket.

CREDIT POLICY BY RESERVE BANK OF INDIA

CREDIT POLICY

RBI credit policy: Is the tight liquidity in the system expected to ease now? SHARE facebook twitter google plus

After a series of liquidity tightening measures, the Reserve Bank of India (RBI) has finally forecasted an easing liquidity situation in its mid quarter monetary policy announced earlier in the day. With the deamnd for money coming down by March-end,...

ECONOMIC SURVEY FY13

ECONOMIC SURVEY NEWS

Economic Survey: Need rapid fiscal consolidation in FY13 SHARE facebook twitter google plus

The survey takes note of the Government fighting malaise of inflation with numerous calibrated steps which constituted a combination of policies to improve supply.

1ST BINGO! NIFTY F&O REACHED OUR FIRST TARGET OF 5398

TODAY WE RECOMMENDED TO BUY NIFTY FUTURES B/W 5350-5365 WITH A STOPLOSS OF 5325 FOR A TARGET OF 5398, 5423 AND 5448. OUR FIRST TARGET ACHIEVED TODAY ITSELF. BINGO!

BUY NIFTY FUTURES B/W 5350-5365 WITH A STOPLOSS OF 5325

WE RECOMMEND TO BUY NIFTY FUTURES B/W 5350-5365 WITH A STOPLOSS OF 5325 FOR A TARGET OF 5398, 5423 AND 5448.