China's tough rhetoric leaves trade talks with US in limbo

Average revenue per user (ARPU) was up 3.8 percent at Rs 108 against Rs 104, QoQ. The share price of Vodafone Idea touched a 52-week low of Rs 7.30, down 21 percent intraday July 29 as the company reported poor numbers for the quarter ended June 2019. The company has posted net loss at Rs 4,873.9 crore in the Q1FY20 against loss of Rs 4,881.9 crore in the quarter ended March 2019. Revenue of the company declined to Rs 11,270 crore from Rs 11,775 crore. Earnings before interest, tax, depreciation, and amortization (EBITDA) was up at Rs 3,650 crore against Rs 1,785.3 crore, the margin was up at 32.4 percent versus 15.2 percent, QoQ. Average revenue per user (ARPU) was up 3.8 percent at Rs 108 against Rs 104, QoQ. However, the company has added 4.1 million 4G users in the last quarter. At 10:14 hrs Vodafone Idea Limited was quoting at Rs 7.33, down Rs 1.92, or 20.76 percent on the BSE. For taking 2 days free trial and Stock Market Tips with more than ...

Citi has a buy call on the stock and raised price target to Rs 1,000 from Rs 850 as annualized premium equivalent (APE) growth was at 41 percent YoY and VNB margin was healthy SBI Life Insurance Company shares crossed Rs 800 level for the first time on July 24, rising 4 percent intraday after reporting strong growth in June quarter. The stock has given a 39 percent return in the last nine months. At 0952 hours IST, it was quoting at Rs 803.50, up to Rs 27.40, or 3.53 percent on the BSE. The private life insurer posted a 5 percent year-on-year growth in its June quarter net profit at Rs 372 crore, backed by a 52 percent YoY growth in new business premium in Q1. The company's protection (pure term insurance) new business premium collection grew a whopping 106 percent YoY and the share of protection business grew to 14 percent in Q1FY20 from 10 percent in Q1FY19. The individual new business premium (retail business) collection also increased 41 percent YoY to...

However, AIF investments are open only for those who can invest more than Rs 1 crore There is a very good chance that you are already on your way to wealth creation by investing in either direct equity or mutual funds (MFs). These products have provided a way to participate in the India story. But, how do you protect the downside in a falling market, and diversify beyond mutual funds? The answer to the above question might lie in Alternative Investment Funds (AIFs). They can be used to dice and offer a very different data series that is not correlated to the markets. Some of the more unique examples of what can be expected from AIFs are as follows Long Short Funds: These funds are geared towards absolute, consistent returns and try to outperform liquid and arbitrage funds. Special Situations: Opportunities that open up through mergers, demergers, open offers, Rights Issues, Buybacks, Leveraged IPOs, etc. find a housing under AIFs. Enhanced Equi...

Nomura also maintained a buy call on the stock with a target price at Rs 765 per share. It said the company is the most cost-effective SME advertising platform relative to peers Just Dial shares gained more than 3 percent intraday on July 23 as brokerages maintained their positive stance on the stock after June quarter earnings. The stock was quoting at Rs 735.30, up to Rs 9.25, or 1.27 percent on the BSE at 1036 hours IST. Profit in Q1 shot up 48.3 percent year-on-year to Rs 57.3 crore led by other income, and revenue grew 13.6 percent to Rs 240.2 crore. At the operating level, earnings before interest, tax, depreciation, and amortization increased 12 percent year-on-year to Rs 64.2 crore but margin contracted 45bps, which could be due to IND AS 116 impact. Listing growth was 16.7 percent YoY though it slowed down from 20.7 percent growth in Q1FY19. Paid campaign growth picked up to 13.8 percent in Q1FY20 against 3.9 percent in Q1FY19. While having an ove...

Hero Electric will invest Rs 40-60 crore every year to expand capacity and on R&D Hero Electric, one of the largest electric scooter manufacturers in India by sales, plans to expand its capacity from 100,000 units per annum at present to 500,000 units as the demand for electric two-wheelers is expected to rise significantly in the coming years. The company will also invest in increasing localization of components and establish an ecosystem for manufacturing its e-scooters, enthused by the push towards electric mobility by the Union government. The Naveen Munjal-led company will continue to invest Rs 40 crore to Rs 60 crore every year in the next few years for the expansion of capacity and research and development of products. The company is also in the process of increasing the number of dealerships and sub-dealerships from 600 at present to 1,000 by next year. The company is bullish about the future of electric scooters and expects a significant increase in d...

The order is for the supply of various types of optical fiber cables. Himachal Futuristic Communication shares gained 2 percent intraday on July 12 after its subsidiary bagged an order from Bharat Electronics. "Subsidiary HTL has received a purchase order worth Rs 198.82 crore from state-owned company Bharat Electronics," the fiber optic cable manufacturing company said in its BSE filing. The order is for the supply of various types of optical fiber cables. "The order will be completed by July 2020. We will get 90 percent payment through letter of credit with 90 days usance and balance 10 percent against submission of performance bank guarantee initially valid for 1 year," HFCL said. The stock was quoting at Rs 22, up 2.56 percent on the BSE at 1400 hours. Get a 2 days free trial in Stock Market Tips and MCX Tips  

Let me clear some widely discussed myths on it Equity investing has always appealed to the likes of many. There are some who believe it to be gambling and choose to stay away from it. Then, there are those who are drawn towards it and have a rather dramatic understanding of the stock markets. They interpret it to be a place to make some quick money. I interact with clients who fall in either side of the spectrum – and I cannot explain how skewed their understanding of equity investing is. Hence, let me clear some widely discussed myths on it. Myth - I am not rich enough to invest in the markets: A common fallacy which I observe among most investors is that you require a huge sum to start investing inequities. The fact is that you can start investing with a sum as less as Rs.500. Start by choosing a fund that fits your risk profile perfectly and allows you to save a sum (weekly/monthly/quarterly) as per what you can afford. Essentially topping up your S...

The degrowth was due to weak performance across key geographies. Tata Motors shares fell 4 percent intraday on July 10 after Jaguar Land Rover reported double-digit fall in June sales. The UK-based luxury carmaker and the subsidiary of Tata Motors said its retail sales declined 9.6 percent to 47,060 units in June compared to the same month last year. The fall was due to weak performance across key geographies. Europe JLR retail sales fell 11.7 percent, China 12.3 percent and overseas down 18.6 percent. Meanwhile, global brokerage house CLSA has a sell rating on Tata Motors with a target price at Rs 150, citing rising warranty and impairment concerns. Warranty expense and provisions rose to a 9-year high in FY19 and free cash flow was negative for the second year in a row, CLSA said, adding JLR turned net debt in FY19. Hence, CLSA is negative on the stock gave multiple headwinds at JLR that contributed 75 percent of the company's total revenue in FY19. ...

11,600 is acting as a change of polarity as earlier support has become resistance. A sustained trade above 11,600 may induce rally towards 11,850 - 12,000. Rohan Patil The Nifty50 has now moved below its recent swing low which was placed at 11,625 and, so far, sustained below it. The Nifty has given a smaller trend-line breakdown on the daily chart on July 10. The recent movement is an indication for rising pessimism among the participants. Going forward, the huge gap which was left open during exit poll day is likely to get filled. The candlesticks of the previous two-days - Hammer and Inverted Hammer candles - suggest a bullish reversal. Henceforth, bounce back from the current level cannot be ruled out. The medium -term trend still remains positive as the benchmark index is trading in a Higher High and Higher Low formation in a Rising Channel pattern. A decisive break below 11,400 may drift prices below 11,100 which will act as near-term support for th...

Indian and foreign analysts were expecting a substantial increase in excise duty on cigarette Cigarettes manufacturer ITC, Godfrey Phillips and Golden Tobacco shares gained more than 1 percent intraday on July 5 as the government's excise duty hike on cigarettes was less than expectations. Finance Minister Nirmala Sitharaman in her first Union Budget speech said the excise duty on other than filter cigarettes of length not exceeding 65 millimeters and exceeding 65 millimeters but not exceeding 70 millimeters increased to Rs 5 per thousand pieces against nil earlier. Excise duty on filter cigarettes of length (including the length of the filter, the length of filter being 11 millimeters or its actual length, whichever is more) not exceeding 65 millimetres, exceeding 65 millimetres but not exceeding 70 millimetres and exceeding 70 millimetres but not exceeding 75 millimeters also increased by Rs 5 per thousand pieces against nil. Indian and foreign analysts were...

आधार कार्ड से भर सकते हैं इनकम टैक्स रिटर्न। पैन कार्ड की जानकारी देना जरूरी नहीं।- वित्त मंत्री सस्ते घरों के लिए ब्याज पर मिलेगी 3.5 लाख रुपये की छूट।- निर्मला सीतारमण 400 करोड़ रुपये के रिटर्न पर कंपनियों पर लगेगा 25 फीसदी का कॉर्पोरेट टैक्स।- निर्मला सीतारमण अब कॉर्पोरेट टैक्स के दायरे में महज 0.7 पर्सेंट कंपनियां। ष्टिहीन लोगों के लिए 1, 2, 5 और 10 रुपये के विशेष सिक्क तैयार किए जाएंगे। इलेक्ट्रिक वाहनों की खरीद पर टैक्स 12 पर्सेंट से घटकर होगा 5 फीसदी। ब्याज पर भी मिलेगी राहत।- निर्मला सीतारमण। कॉर्पोरेट टैक्स का दायरा बढ़ाया गया। 400 करोड़ रुपये से कम के टर्नओवर वाली कंपनियों को मिलेगी छूट।- निर्मला सीतारमण बैंकिंग क्षेत्र पर बजट 2019 की बड़ी बातें। वित्त मंत्री निर्मला सीतारमण ने ईमानदार टैक्सपेयर्स को दिया धन्यवाद इलेक्ट्रिक कार पर अब 4 फीसदी टैक्स लगेगा। खरीददारों को मिलेगा छूट का लाभ।- वित्त मंत्री डायरेक्ट टैक्स वसूली बढ़कर 11.37 लाख करोड़ रुपये हुई।- निर्मला सीतारमण डायरेक्ट टैक्स वसूली में 78 पर्सेंट का इजाफा हुआ है।- निर...

Expectations are high from the Budget, given that Prime Minister Narendra Modi came back to power following a bigger mandate than his first term Two days from now, Finance Minister Nirmala Sitharaman will present her maiden budget, becoming only the second woman, after Indira Gandhi, to do so. Expectations are high from the Union Budget 2019-20, given that Prime Minister Narendra Modi came back to power following a bigger mandate than his first term. As such, Sitharaman will have to face a tough balancing act, as she looks to boost growth. The challenges Sitharaman faces are many. Gross domestic product (GDP) growth slumped to a five-year low of 5.8 percent in the January-March quarter, as India lost its tag of the world’s fastest-growing economy to China. Meanwhile, it was officially confirmed that unemployment has touched a 45-year high. The signs are clear that there is a rural slowdown, consumption and demand are suffering and private investment still remains muted. S...

On the BSE, the share gained 33.87 percent to end at Rs 1,302.55 after hitting an intraday high of Rs 1,339 IndiaMART InterMESH had a bumper listing on July 4 as it closed the first session at Rs 1,301.95 on the National Stock Exchange, higher by 33.80 percent over its issue price of Rs 973, after hitting a day's high of Rs 1,338. On the BSE, the share gained 33.87 percent to end at Rs 1,302.55 after hitting an intraday high of Rs 1,339. It traded with volumes of 75.61 shares on NSE and 6.89 lakh shares on BSE. IndiaMART InterMESH is an online marketplace for business products and services. Its Rs 475-crore publish issue was subscribed 36.16 times during the IPO period June 24-26. "The premium listing and the subsequent heavy buying can be attributed to its market leadership. With heavy oversubscription and hefty listing gains seen in this IPO, a lot of IPOs are expected to line up post the budget as over tens of IPOs have already received SEBI approv...

Rakesh Jhunjhunwala had also reduced his cumulative holding in Titan Company from 7.08 percent in December 2018 quarter to 7.04 percent in the March quarter, according to shareholding data Morgan Stanley downgraded Titan Company to Equal-weight from Overweight on July 3 as the risk-to-reward ratio at current levels seems unfavorable. Titan Company is still one of Morgan Stanley’s favorite long-term plays on urban discretionary consumption growth in India. However, following the strong trailing performance, the global investment is reluctant to push multiples beyond current levels. It sees balanced risk-reward at the current stock price, the global investment bank said in a note. The 12-month forward P/E trades at 53x which is at peak level in the last decade and at a 25 percent premium to its 5-year average. After the recent run-up seen in Titan, re-rating of the stock is complete. “The risk-to-reward prompts us to take a breather and await a better entry point,” ...

MSCI's broadest index of Asia-Pacific shares outside Japan was set for its fifth straight weekly rise. It opened a tick higher at 534.40, a level not seen since early May. Japan's Nikkei was unchanged at 21,695.9. Asian shares hovered near two-month highs on Friday, holding recent gains as investors awaited US employment data, a key release that could make or break market expectations about aggressive policy easing by the Federal Reserve. Trade in global markets is expected to remain subdued following the Independence Day US public holiday on Thursday and ahead of the non-farm payrolls report. MSCI's broadest index of Asia-Pacific shares outside Japan was set for its fifth straight weekly rise. It opened a tick higher at 534.40, a level not seen since early May. Japan's Nikkei was unchanged at 21,695.9. E-Minis for the S&P500 rose a touch. World stocks and bonds have rallied since June on hopes global central banks will keep policy easy to ...