The LimitlessX - Get Tech Science News around the Globe

Scrip LTP Return % P/E P/B Div. Yield % JK Laxmi cement 127 235 8.2 1.3 1.6 JK cement 277 179 9.9 1.5 1.8 Heidelberg Cement 50 93 31.1 1.4 NA KCP Limited 45 90 9.4 1.7 3.4 Madras Cement 187 82 10.9 2.2 1.3 OCL India Ltd. 159 80 12.4 1 1.3 JP Associates 95 80 26.6 1.6 0.5 Burnpur Cement 11 78 29.4 0.8 NA Gujarat Sidhee cements 13 76 10 1.7 NA Ultratech Cement Co. 2022 75 19.7 4.3 0.4 Orient Paper & Industries 82 66 8.3 1.5 2.4 Chettinad Cement Corp. 815 53 16.8 2.9 0.9 India Cement 98 47 11.9 0.7 2 Grasim Industries 3400 41 27.5 3.4 0.7 Dalmia Bharat Enterprise Ltd. 164 39 43.6 2.6 0.9 Prism Cement 53 39 NA 2.3 1 Rain Commodities 39 30 38.3 3.5 2.8 Ambuja Cement 203 30 22.5 3.9 1.6 ACC Limited 1404 23 20.4 3.7 2 Birla C

HDFC Equity Fund , from one of the leading mutual fund house HDFC, was launched in 1995 and since then it has been one of the top performing fund in the multi-cap category. While there are many funds that have been performing over short and medium term, we look at this fund because of its excellent performance over longer period of time. Snapshot of the fund: HDFC Equity fund is relatively a large fund managing assets worth US$ 2b( about 10000cr), with S and P CNX 500 index as the benchmark. This fund is basically a multi-cap fund having financials and energy as the top sector holdings. The top holdings include State Bank of India, Icici Bank, ITC, Infy and Tatamotor DVRs. The fund has both dividend and growth option. Performance: The fund has given stupendous returns of 21% per annum since inception and its past 3 year and 5 year returns stand at 7% p.a. and 10% p.a. respectively, while the market has gone nowhere in the past 5 years. The 10-year Systematic Investment Plan (SIP) has g

Soaring TBZL Shares TBZL(Tribhovandas Bhimji Zaveri-Ltd.) shares managed to close at its life-time high price of almost Rs. 200 today. This stock has more than doubled than its lowest close price of Rs. 89 Rs. TBZL shares were issued at Rs. 120 in the IPO. This stock started soaring after the news of its foray into Kolkata besides anticipation of higher sales during coming festival season. TBZL plans to open 43 new stores across India by 2015 and allocated Rs. 1200 crore for the same. India ratings, a Fitch group company, have recently affirmed TBZL’s rating at ‘IND BB+’ with a stable outlook. TBZL’s fundamentals are not much satisfactory with its net profit margin (NPM) and current ratio below 5 and 1 respectively.  TBZL has been benefited by rising gold prices and the same is reflected in its sales. Presently this stock is trading at a price to earnings multiple of 23.5 against the industry average of 10 and hence value investors should stay wary of this luring rally. for more detai

The Last time I discussed NBCC was during its IPO period and since then many new events have been unfolded. First, NBCC has been conferred a Miniratna status- a title given by the government of India to Public Sector Companies for their excellence which gives them more autonomy to grow- Miniratna status is lower in statute than Navrtana and Maharatna status. Second, NBCC's financial results for the year FY 12 were satisfactory. NBCC is a debt-free infrastructure development and real estate company and by this date has given a whopping 34 % return on its issue price of Rs. 106. This stock is presently trading at around 9 times its Price-to-Earnings multiple and 2.1 times its Price-to Book value. NBCC has a robust order book and a land bank of 54 lakh square feet with significant presence in NCR (National Capital Region). Even a conservative target for this company shall be around Rs. 180 (which is a further appreciation of 28% from the present  level) and this target could be achi

Karnataka bank topped the list private sector banks with a whopping return of 79 % year-to-date. this bank has recently bagged 'The IBA Technology Award'. The bank is desirous of doubling its business in coming 3 years with the help of BPR (business process re-engineering) and engaged KPMG Advisory for the same. Even the stock of Dhanlaxmi bank saw a return of 13 % despite posting negative EPS.

Life expectancy is increasing Not only India's population is increasing but life-expectancy of citizens too increasing in tandem. This means more senior citizens to take care of. As most senior citizens don't work and their earnings is limited to pensions and savings only, providing them financial assistance and healthcare facilities is very necessary. Senior citizens are most hurt by the falling interest rates as they predominantly invest in debt instruments. But for a growing economy like ours 'low interest regime' is a sought-after thing, providing financial sops and tax reliefs to senior citizens especially during such period will be an inevitable task. Indian cities may be abundant with doctors but doctors are difficult to locate rural areas as many a doctor refuse to practice in rural areas. Health spending in India is supposed to become 1.58 % of the national GDP and time will tell, to what extent scarcity of doctors in rural areas shall be sorted out? Food grain

CRR and SLR are reserve ratios. CRR : CRR stands for Cash Reserve Ratio. CRR is the amount of deposits that all Indian Scheduled Commercial Banks (SCB) need to keep with the RBI (Reserve Bank of India)-India’s central bank. CRR is expressed in percentage and any change in CRR is declared in basis-points.  100 basis points are equivalent to a per cent. There is no floor or ceiling  for CRR. Example: A CRR of 5 % means, every scheduled commercial bank has to park 5 % of its deposit with the RBI and a reduction of 50 basis-points (or .5 %) in CRR shall result in new CRR rate as 4.5 %. Demand deposits and time deposits are collectively called as DTL (Demand and Time Liability) - as deposits with banks are liabilities for banks. Point to be noted is CRR is expressed as a percentage of total DTL. The term deposit means all Demand and Time deposits. FDs and RDs are the most common forms of Time Deposit while current account deposits and savings account deposits fall under Demand Deposits.  Pr

The country's leading stock exchange NSE was halted for a few minutes due to a crash of 1000 points in the S&P CNX Nifty, hitting a low of 4888 intra-day. Many of the Nifty stocks were down anywhere between 15-20%. As per NSE India website the circuit breaker rules (upper circuit and lower circuit) are as follows: Index-based Market-wide Circuit Breakers: The index-based market-wide circuit breaker system applies at 3 stages of the index movement, either way viz. at 10%, 15% and 20%.In case of a 20% movement of the index, trading shall be halted for the remainder of the day. Since the index showed a downward movement of about 20%, the nse was closed and rightly so. But surprisingly, the exchange was re-opened in few minutes, citing reasons of erroneous trades by one of the broker for about 650cr. From the following table you can check out the lows of index and other nifty stocks below: There were many stocks in the nifty down as much as 15-20% , all were actual trades done duri

Repo Rate and Reverse Repo Rate are key policy rates. Repo Rate : Repo Rate is the annualized interest rate at which central bank lends to other commercial banks. Reserve Bank of India (RBI) is the central bank of India. This should not be confused with the CBI (Central Bank of India) - which is just a commercial bank and not a central bank. Central bank acts as banker’s bank. When commercial banks need funds they have an option to borrow from the central bank at the Repo Rate. One thing to note is -this lending is done against collaterals. This means commercial banks have to deposit government dated securities, corporate bonds, money market securities, treasury bills or equity (shares) as collateral (as security). In the USA, commercial banks borrow from the Federal Reserve (The name of USA’s central bank) at Federal Discount Rate (similar to repo rate of India). Central banks use repo rate to control the supply of money in the system. Repo rate influences overall interest rates in a

What is Mutual Fund? Mutual Funds (MF) are the investment schemes managed by professionals who collect money from investors and invest the pool money into securities. Returns achieved on such investments are distributed among investors in proportion of their investment amount. Simply put, mutual funds invest on investors behalf so that even an uninitiated person without any expertise can invest judiciously. Advantages of MF (1) Mutual funds are beneficial for people with no knowledge of capital markets but desirous of investing in it. (2)Investors get the benefit of diversification even if they invest small amounts (3)Transparency of the investing procedure (4)Low cost (this cost is generally the expenses incurred in running the scheme) (5) MFs are professionally managed. (6)Tax benefits-some MF schemes (ELSS) give tax benefits under section 80 c. These benefits could be taken away with the implementation of DTC (Direct Tax Code). What is the best time to invest in mutual Funds? Genera

Indian Rupee (INR) today managed to close at 52.5 levels against the US dollar, which is 5-month high. Earlier I had discussed reasons for the rupee depreciation against the USA dollar . Now let’s have a look into various factors that helped rupee to appreciate –      (1)     Weakness in Dollar : Recently US Federal Reserve came out with its third round of the quantitative easing under which $ 40 billion of bonds shall be purchased every month until job situation improves. Simply put, Federal Reserve increased the dollar in the financial system and as per the demand-supply rule, dollar depreciated against other global currencies. This weakness is also reflected by the dollar-index chart. Weak dollar helped Indian rupee to appreciate against it.       (2)     Increased capital flows in India : Indian government once accused of policy paralysis came up with a slew of economic reforms which restored the global investors’ confidence in India-story and foreign capital started flowing in agg