Filed under panch-tattva talk

RBI Paves Way

Another repo rate reduction by 25 bps bring repo rate to 5.15 and RBI assures that that should GDP growth prospects remain bleak it will not mind further reduction which is not put under any band defining maximum or minimum. This is a very encouraging statement and reflects a commitment to meet the needs according … Continue reading

Corporate Tax Rate Slashed

Nirmala Sitaraman, FM, gave a surprise gift to corporate world by binging down corporate tax to 22% effectively now its 25% against 35% albeit without opting for other concessions. This will increase Nifty EPS surely and the market has therefore boomed by adding more than 550 points to Nifty which now stands above 11300. I … Continue reading

Sugar Price Looks Up So Do Sugar Scrips

Friends, Post governmental relief grant of Rs 6200 crs to sugar Industry for export of 6 million tonnes of sugar, the sugar price in open market has seen some improvement. Sugar scrips were up too but not in a frenzied way, so now it the time to enter and Bajajhind (5.40) and Mawana (29/-) have … Continue reading

Sugar Sector: Some Surprising Ratios

Sugar scrips were down today along with rest of market. But look at following which will surprise you: Company M/Cap(Crs) Assets Sales Profit CMP/52WHigh/52WLow (30/07/19) Balramchin 3224 3756 4285 570 146/167/66 Triveni 1698 2687 3181 220 57/78/36 Dhampursug 1015 2912 2754 254 153/252/80 Dalmiasug 728 2527 2018 187 90/136/52 Bajajhind 715 6803 8787 -64 6.30/12.1/6.30 … Continue reading

PSBs…the road ahead

One could have said that at some point in time in past that the public sector banks were affected by general inefficiency of staff but since about a decade all have up to date tech enabled systems of best quality helping PSBs in very department of banking. So these banks which have people’s confidence in … Continue reading

Take Aways From Budget 2019-20

Friends, The budget presented some welcome things for the stock market. It’s good that companies with turnover of under 300 crs will pay 25% tax on profits. Some of these companies may well get in to 1000cr club eventually because it was in the previous year that t/o needed to be under 400 cr to … Continue reading

RBI Cuts Rates

RBI Governor was pleased to announce 25bps cut in repo and reverse repo rates . This is third time cut in last 12 months, and all three cuts add up to good amount of cut and should be largely seen to relieve the borrowers. Market reacted adversely but it was more to do with recent … Continue reading

Why Indian Stock Market Is Defying Gravity?

Friends, Markets can move up only when spare money chases stocks and none has need to encash his investment. This is what is happening here. The fund managers around the world have buldging kitty crying for being invested. Since India has become a well organized market place and its economy has hunger for money though … Continue reading

About Market

Friends,   Strange things are happening in market; the financial companies are being traded at over 2-3 times of their book values while they may never have any hidden assets rather may have some hidden liabilities because the managements tends to conceal them as far as possible. This kind of situation makes companies highly leveraged … Continue reading

The Nifty Course

Please read the following two previous posst on the subject. Today I give you another two points about why the fall in nifty beyond a certain level did not have basis. First is that GST collections for Oct ’18 have crossed Rs 1 lac cr mark again and the second is that commercial vehicle sales … Continue reading