Thursday, October 31, 2013
SENSEX CLOSED AT ALL TIME HIGH with a record high turnover of Rs.500 crores.
Friday, October 18, 2013
Nifty at 35 months' high, hit 6200 mark and Sensex near 21000.
In Nifty50 stocks, Bajaj-Auto was the only loser by 0.02%, closed at 2152.95 and Indusindbk gained the most by 6.39% to close at 414. Advance/Decline ratio was positive at 1.66 : 1 as 727 stocks gained and 437 stocks declined today on NSE.
Nifty Outlook :
Nifty gained 93.15 points wow basis. Technically, spot Nifty has a resistance around 6220-6230 in the coming week and if sustains above, may touch 6370 in coming weeks but its too bold to state as Federal Bank meeting, RBI policy and Oct month contract expiry will be laid down on 30th and 31st. Consider 6030-6020 is the strong closing basis support level to hold long in Nifty.
Important Resistance : 6230 / 6370
Important Support : 6120 / 6030
Tuesday, October 8, 2013
Can anyone think to buy these stocks in near future ?
Can anyone think to buy these stocks in near future ?
Technically, STC strictly above 148 or corrects upto 120-125 and MMTC above 51.5(closing).
STC India : Life Time High 1661.45(16/11/2007)
Year High : 262.85(09/10/2012), Year Low 71.05(06/08/2013)
State Trading Corporation of India Ltd is an international trading company owned by Government of India. The company is involved in the export, import and domestic trading of a range of products, both agricultural and non-agricultural commodities. They exports foodgrain, castor oil, coffee, cashew and tea and imports bullion, vanaspati and edible oils, pulses, hydro-carbons, metals and minerals and fertilizers. The company has one subsidiary, namely STCL Ltd (formerly known as Spice Trading Corporation of India Ltd). State Trading Corporation of India Ltd was incorporated in the year 1956. During the year early years, the company dealt with the East European countries, but now they trade with almost all the countries of the world. The company was developed vast expertise in handling bulk international trade. During the year 1994-95, the company started trading items rice, wheat, coffee, Indian-made foreign liquor, sandalwood and oil and during the year 1995-96, they entered into new area of business like direct import of fertilisers, non-ferrous metals and kerosene oil. In domestic trading, they expanded their activities in areas like rice, wheat, coffee, cashew, tobacco and rubber. During the year 2001-02, the company entered into sugar export business after a gap of two years and exported sugar Sri Lanka, Indonesia and Sudan. During the year 2002-03, the company's entire shareholding in Tea Trading Corporation of India Ltd was transferred to Projects & Equipment Corporation, a public sector undertaking under the Ministry of Commerce, at a notional price of Re 1 with effect from April 28, 2003. During the year 2003-04, the company signed a MoU with India Household and Healthcare Ltd, the sole licensee LG Care, Korea in India, in which the company imports LG Care, FMCG products like detergents, soaps, shampoos, tooth pastes, cleaning products, hair gels etc at different ports for distribution all over India by IHHL. During the year 2004-05, the company singed a MoU with Mysore Minerals Ltd for export of iron ore fines on 50:50 profit sharing basis. Also, the company forayed into import of FMCG Goods and IT products. During this period, the company launched retail sale pf imported gold coins in denominations of 5 gm and 10 gm from their corporate office building at New Delhi. During the year 2005-06, the company entered into domestic supply of various raw materials such as iron ore, steel, coke, chemicals, etc. they executed the highest ever contract (Rs 800 crore) for supply of 1.9 million MTs of thermal coal to NTPC during the year. The company also entered into oilseeds market and purchased soyabean and mustard seeds worth Rs 29 crore. The Corporation also procured, for the first time, about 10,000 MT of castor seeds valuing Rs 15 crore for sale in the domestic market. During the year 2007-08, the company signed an offset agreement with CFM, Boeing and GE for monitoring offset obligation of USD 69 million, 1.25 billion and 100 million respectively. They acquired a plot of land at Paradip port for facilitating iron ore exports a plot of land at Paradip port for facilitating iron ore exports and also applied for allotment of plot at Haldia Port. The company started tea operations in Nilgiri district of Tamil Nadu. They also launched domestic sale of tea in own brand 'Tohfa' to Gujarat State Civil Supplies Corporation for supply through PDS. During this period, the company signed a MoU with company specializing in Research & Development activities on improving the yield of Jatropha plants for production of bio-diesel. The company is in the processof starting trial cultivation of bio-engineered, high yielding of jatropha in Namibia on an area of about 25 hectares. They are in talks to grow crop in Indonesia as part of a move to raise output of the bio-diesel feedstock. The company got second rank among trading companies of India and achieved first runner up position in the Multi Category sector under the Large exporters' category for the D&B-ECGC Indian Exporters' Excellence Awards. The company was selected for MoU Excellence Award for the year 2006-07 by the Department of Public Enterprises. Also, the company was awarded 'International Trade House of the year Award (2007-08)' sponsored jointly by DHL and CNBC TV18. The company through their subsidiary STCL Ltd set up a Chilli Processing plant at Byadagi in Karnataka. They also set up two more plants for pepper processing and Chilli Sterlisation in Siddapur, Karnataka and Chhindawara, Madhya Pradesh respectively. The company in a joint venture with NAFED and STCL Ltd is setting up a Food Testing Laboratory at Chindwara in Madhya Pradesh.
MMTC : Life Time High 1965(1/01/2010)
Year High : 776.8(02/11/2012), Year Low 37.15(05/08/2013)
MMTC Limited (MMTC) is one of the two highest foreign exchange earners for India and a leading international trading company was incorporated on 26th September 1963. A 'Five Star Export House' status company is engaged in trading of Minerals, Precious Metals, Metals, Coal & Hydro Carbons, Fertilizers and Agro products. MMTC's diverse trade activities encompass Third Country Trade, Joint Ventures and Link Deals, all modern day tools of international trading. The Company has vast international trade network, which includes a wholly owned international subsidiary in Singapore, also spans almost in all countries in Asia, Europe, Africa, Oceania and Americas. The Company had commenced its operation on 1st October of the incorporation year itself. MMTC made a foray into European market with the exports of one lakh tonnes of iron ore to Slovakia and Romania in the year of 1994. Also in the same year, the company had commenced import of gold and silver against special import license for supply to the customers in the domestic area. The wholly owned subsidiary MMTC Transnational Pte Ltd, Singapore was incorporated under the control of company in the year 1994 itself. During the year 1995, MMTC opened a duty-free jewellery show room at Sahar International Port and a Memorandum of Understanding was signed with the government of Orissa for development of existing Gopalpur minor port into a all-weather, deep water and direct berthing port. In the same year, Board for Industrial & Financial Reconstruction (BIFR) had approved the scheme of merger-cum-amalgamation of Mica Trading Corporation of India Limited (MITCO) with MMTC. From the year 1996 onwards, the company started to import the Chemical items and Homeopathic Medicines. MMTC had signed a MoU with the Department of Commerce under Ministry of Commerce and Industry during the year 2001 for its various applications. The Company had opened a new outlet at Thiruvananthapuram as a duty free business in the year of 2002 and also in the same year unveiled a new line of silverware, Sanchi-Silver in Style. During the year 2003, MMTC had acquired Rs. 800 crore deals from Japanese and South Korean companies for the supply of iron ore. In the identical year of 2003, the joint venture with the Orissa government namely Neelchal Ispat Nigam Ltd was emerged as the second largest exporter of pig iron from the country. The Company was ranked in Trading Sector by Business Standard in their publication BS 1000 'India's Corporate Giants' released in December 2006 and also noted as Top Company in the trading sector for the D&B by coveted American Express Corporate Award 2006. MMTC bagged a gold trophy for top Exporter for the Year 2006-07 in Merchant Exporter category by Engineering Export Promotion Council of India (EEPC) and also CAPEXIL highest export award for highest export of minerals for the year 2006-07, (16th time in a row). The 15 MW wind farms of the company were commissioned in March of the year 2007 at Karnataka. In The year 2007, MMTC had received government approval for acquiring an equity stake in the consortium, which has undertaken the project for construction of a permanent iron ore-loading berth at Ennore to decongest Chennai port. Aiming at diversification and with a view to add value to its existing trading operations, the company has undertaken various strategic initiatives during the year 2007-08 following public- private partnership route, effectively integrating vertically, both backwards and forwards, to encompass the entire gamut of the product process starting from the stage of manufacture and ending with distribution to the ultimate consumer. The Company had inked an agreement with Swiss metal company PAMP to set up a gold refinery in Sohna during March of the year 2008.
Disclaimer :
Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the integrity or its staff.
This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. By using this site you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions.The sent and or published recommendations are not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendations has been obtained from sources that are considered to be reliable. However, (IFCL) has not independently verified the accuracy or completeness of the same. Neither (IFCL) nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/adviser. Either (IFCL) and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. The information shared in this blog/website may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Technically, STC strictly above 148 or corrects upto 120-125 and MMTC above 51.5(closing).
STC India : Life Time High 1661.45(16/11/2007)
Year High : 262.85(09/10/2012), Year Low 71.05(06/08/2013)
State Trading Corporation of India Ltd is an international trading company owned by Government of India. The company is involved in the export, import and domestic trading of a range of products, both agricultural and non-agricultural commodities. They exports foodgrain, castor oil, coffee, cashew and tea and imports bullion, vanaspati and edible oils, pulses, hydro-carbons, metals and minerals and fertilizers. The company has one subsidiary, namely STCL Ltd (formerly known as Spice Trading Corporation of India Ltd). State Trading Corporation of India Ltd was incorporated in the year 1956. During the year early years, the company dealt with the East European countries, but now they trade with almost all the countries of the world. The company was developed vast expertise in handling bulk international trade. During the year 1994-95, the company started trading items rice, wheat, coffee, Indian-made foreign liquor, sandalwood and oil and during the year 1995-96, they entered into new area of business like direct import of fertilisers, non-ferrous metals and kerosene oil. In domestic trading, they expanded their activities in areas like rice, wheat, coffee, cashew, tobacco and rubber. During the year 2001-02, the company entered into sugar export business after a gap of two years and exported sugar Sri Lanka, Indonesia and Sudan. During the year 2002-03, the company's entire shareholding in Tea Trading Corporation of India Ltd was transferred to Projects & Equipment Corporation, a public sector undertaking under the Ministry of Commerce, at a notional price of Re 1 with effect from April 28, 2003. During the year 2003-04, the company signed a MoU with India Household and Healthcare Ltd, the sole licensee LG Care, Korea in India, in which the company imports LG Care, FMCG products like detergents, soaps, shampoos, tooth pastes, cleaning products, hair gels etc at different ports for distribution all over India by IHHL. During the year 2004-05, the company singed a MoU with Mysore Minerals Ltd for export of iron ore fines on 50:50 profit sharing basis. Also, the company forayed into import of FMCG Goods and IT products. During this period, the company launched retail sale pf imported gold coins in denominations of 5 gm and 10 gm from their corporate office building at New Delhi. During the year 2005-06, the company entered into domestic supply of various raw materials such as iron ore, steel, coke, chemicals, etc. they executed the highest ever contract (Rs 800 crore) for supply of 1.9 million MTs of thermal coal to NTPC during the year. The company also entered into oilseeds market and purchased soyabean and mustard seeds worth Rs 29 crore. The Corporation also procured, for the first time, about 10,000 MT of castor seeds valuing Rs 15 crore for sale in the domestic market. During the year 2007-08, the company signed an offset agreement with CFM, Boeing and GE for monitoring offset obligation of USD 69 million, 1.25 billion and 100 million respectively. They acquired a plot of land at Paradip port for facilitating iron ore exports a plot of land at Paradip port for facilitating iron ore exports and also applied for allotment of plot at Haldia Port. The company started tea operations in Nilgiri district of Tamil Nadu. They also launched domestic sale of tea in own brand 'Tohfa' to Gujarat State Civil Supplies Corporation for supply through PDS. During this period, the company signed a MoU with company specializing in Research & Development activities on improving the yield of Jatropha plants for production of bio-diesel. The company is in the processof starting trial cultivation of bio-engineered, high yielding of jatropha in Namibia on an area of about 25 hectares. They are in talks to grow crop in Indonesia as part of a move to raise output of the bio-diesel feedstock. The company got second rank among trading companies of India and achieved first runner up position in the Multi Category sector under the Large exporters' category for the D&B-ECGC Indian Exporters' Excellence Awards. The company was selected for MoU Excellence Award for the year 2006-07 by the Department of Public Enterprises. Also, the company was awarded 'International Trade House of the year Award (2007-08)' sponsored jointly by DHL and CNBC TV18. The company through their subsidiary STCL Ltd set up a Chilli Processing plant at Byadagi in Karnataka. They also set up two more plants for pepper processing and Chilli Sterlisation in Siddapur, Karnataka and Chhindawara, Madhya Pradesh respectively. The company in a joint venture with NAFED and STCL Ltd is setting up a Food Testing Laboratory at Chindwara in Madhya Pradesh.
MMTC : Life Time High 1965(1/01/2010)
Year High : 776.8(02/11/2012), Year Low 37.15(05/08/2013)
MMTC Limited (MMTC) is one of the two highest foreign exchange earners for India and a leading international trading company was incorporated on 26th September 1963. A 'Five Star Export House' status company is engaged in trading of Minerals, Precious Metals, Metals, Coal & Hydro Carbons, Fertilizers and Agro products. MMTC's diverse trade activities encompass Third Country Trade, Joint Ventures and Link Deals, all modern day tools of international trading. The Company has vast international trade network, which includes a wholly owned international subsidiary in Singapore, also spans almost in all countries in Asia, Europe, Africa, Oceania and Americas. The Company had commenced its operation on 1st October of the incorporation year itself. MMTC made a foray into European market with the exports of one lakh tonnes of iron ore to Slovakia and Romania in the year of 1994. Also in the same year, the company had commenced import of gold and silver against special import license for supply to the customers in the domestic area. The wholly owned subsidiary MMTC Transnational Pte Ltd, Singapore was incorporated under the control of company in the year 1994 itself. During the year 1995, MMTC opened a duty-free jewellery show room at Sahar International Port and a Memorandum of Understanding was signed with the government of Orissa for development of existing Gopalpur minor port into a all-weather, deep water and direct berthing port. In the same year, Board for Industrial & Financial Reconstruction (BIFR) had approved the scheme of merger-cum-amalgamation of Mica Trading Corporation of India Limited (MITCO) with MMTC. From the year 1996 onwards, the company started to import the Chemical items and Homeopathic Medicines. MMTC had signed a MoU with the Department of Commerce under Ministry of Commerce and Industry during the year 2001 for its various applications. The Company had opened a new outlet at Thiruvananthapuram as a duty free business in the year of 2002 and also in the same year unveiled a new line of silverware, Sanchi-Silver in Style. During the year 2003, MMTC had acquired Rs. 800 crore deals from Japanese and South Korean companies for the supply of iron ore. In the identical year of 2003, the joint venture with the Orissa government namely Neelchal Ispat Nigam Ltd was emerged as the second largest exporter of pig iron from the country. The Company was ranked in Trading Sector by Business Standard in their publication BS 1000 'India's Corporate Giants' released in December 2006 and also noted as Top Company in the trading sector for the D&B by coveted American Express Corporate Award 2006. MMTC bagged a gold trophy for top Exporter for the Year 2006-07 in Merchant Exporter category by Engineering Export Promotion Council of India (EEPC) and also CAPEXIL highest export award for highest export of minerals for the year 2006-07, (16th time in a row). The 15 MW wind farms of the company were commissioned in March of the year 2007 at Karnataka. In The year 2007, MMTC had received government approval for acquiring an equity stake in the consortium, which has undertaken the project for construction of a permanent iron ore-loading berth at Ennore to decongest Chennai port. Aiming at diversification and with a view to add value to its existing trading operations, the company has undertaken various strategic initiatives during the year 2007-08 following public- private partnership route, effectively integrating vertically, both backwards and forwards, to encompass the entire gamut of the product process starting from the stage of manufacture and ending with distribution to the ultimate consumer. The Company had inked an agreement with Swiss metal company PAMP to set up a gold refinery in Sohna during March of the year 2008.
Disclaimer :
Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the integrity or its staff.
This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. By using this site you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions.The sent and or published recommendations are not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendations has been obtained from sources that are considered to be reliable. However, (IFCL) has not independently verified the accuracy or completeness of the same. Neither (IFCL) nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/adviser. Either (IFCL) and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. The information shared in this blog/website may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Friday, October 4, 2013
Market ended flat with low volumes, eyeing on Q2 results starting next week
Among CNX sectoral indices, CNX Realty was the top gainer by 1.62% whereas CNX PSU Bank was the top loser by 0.56% today. In Nifty stocks, Hindalco was the top gainer by 2.47% and closed at 118.4. DrReddy was the top loser, dropped by 2.47% and closed at 2369.85. Advance/Decline ratio bent over on negative side as 443 stocks declined and 402 gained today on NSE.
Nifty Outlook : Nifty touched 5700 in this week and bounced nearly 250 points thereafter. Q2 results session will start by IT giant, Infy which will announce their results on Friday,11th. Very important, the US$/INR have a strong support around 60.4-61 and from where it may bounce back, considering all these factors, market will be stuffed with a high volatility in coming weeks.
Important Support : 5720/ 5590
Important Resistance : 5950/ 6020
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