Feb 18, 2018

ICICI BANK : Short To Mid Term View

Indian markets have entered in a definite correction phase, anyways it was not showing steam as much as it should on the back of strong show that global markets were showing.
Banking sector was anyways the prime target for bears due to consequent bas quarterly results postings as well as the ongoing NPA mess. The sector remained in limelight and bulls made some short term fast money due to certain governmental intervention news which were expected not to sustain the movementom. 
In last week we saw biggest PSU bank scam or fraud uncover comprising the 2nd largest lender and involving with it almost more than 10 other banks including couple of private sector ones.
This is called bad becoming worst.
ICICI bank has had good run which we assume was purely based on the liquidity rush and many believing that this and AXIS bank were undervalued but this is belief was also badly hurt when it posted decline in profits and rise in provisions and NPA.
Looking at the technical picture (Chart for spot prices), we can see that it looks like it is going to test the 200 DMA of around 300 and below it probably go down around 270 to fill its gap up of late October 2017.
We can see how banks like AXIS is also falling to its original range levels of about 500 after going above 575/600 levels before few days after almost more than one year. 
On monthly chart also it is backing aways from a possible lethal double top pattern and a possible monthly bearish piercing or dark cloud cover candle stick pattern can also be formed due to sell off in coming days of the month.

Disclaimer: This and all material, research etc on this website is put for educational and information purpose only and before investing take advice of a professional advisor. 

Feb 12, 2018

Mid To Long Term View For Apollo Hospitals Enterprise Ltd.

APOLLO HOSPITALS ENTERPRISE LTD.
CMP : 1122.
VIEW : MID TERM.TO LONG TERM
STRATEGY AND UPDATES: NA

COMMENTARY :
Avoid this stock as we have initiated coverage for selling with an expected correction of almost 50% in next 1-3 years in the stock.


Feb 4, 2018

Detailed Highlights of India Union Budget for 2018-19 l Chart on How Stock Markets Performed On Past Budget Days l Commentary On How Markets Behave On Budget Days & Why

Detailed Highlights of Union Budget for 2018-19 -
Chart How Stock Markets Performed On Past Budget Days - 
Read some commentary at the end - 

THE BEHAVIOUR OF MARKET ON BUDGET DAY AND SOME OBSERVATIONS -

              The biggest feature of this budget for the markets was the introduction of LTCG which caused the biggest single day market sell off in more than one year. We believe the provision that no LTCG will be levied till shares sold upto march 2018 prompted the investors to rush and sell their holdings and rebuy them lateron. The government should have, in our opinion, made the law effective from 1 february itself, which could have removed the fundamental reason for investors to sell their holding to save on capital gains taxes accumulated by them. We are talking about almost half of market capitalization here. even if 20% market capitalization is churned the market invariably will see 5% and more decline.

                   Trying to decipher how markets moved from budget to budget and from budget day to end of year is not a lot or at all a meaningful exercise. In our opinion, budgets per se are never are driving force for the market in terms of its core momentum strength nor weakness. It never gets that from the budget. Our observations are either the market has already decided how to move according to the expectations from coming budget or it gives strong reactionary show on the day of budget or during few days ahead. The reactionary behaviour is more seen when some unexpected bad news is put upon the market such as the levy of LTCG in the present 2018-19 budget. The blows like LTCG are not very common announcements for markets out of budget days, so on most other budgets, when the markets are already in strong and clear up or down trend momentum' remain kind of 70% of times a non event type. During the other 30% of times, the market are not in clear directional trend themselves, save taking any clue from markets. 
                        Also, as per some thumb rule behaviour of market, when market is in strong uptrend and there is lack of any bad news, then market will tend to rise, as no bad news is also a good news in market parlance during certain circumstances. On occasions, when the market is in downtrend and gets no bad news then it may just stay where it is or give a small reactionary up move or showcase of strength of a day or two and then resume downtrend. Of many important conclusions we can derive, one is, the markets is that unless there is some dramatic bad news causing compulsory huge sell of, the markets usually do not take budget as much seriously, and resume its usual trend or sideways moves of hitherto.
Also as per the 'theory of discounting' if market has already discounted the good news, it may fall, and if market has already discounted the bad news, it's possible that it may rise. Again these maxim should be observed in the light of the prevailing trend whether up or down. 
Another observation, our research team has bound down as conclusion is that budgets are never decisive of market move and mostly supportive of prevailing trend, reactionary for few days or non event on other occasions. Having said that, budgetary provisions may bring dramatic change in stocks of particular sector, for e.g an import duty decrease or export duty rise on say tyres may change the movement of tyre stocks for the next 12 months as the whole EPS and PE facts will alter which are main cause of stock rises most of the times (barring crazy bull run which is only 20% of the entire rally of any bull market, in terms of time frame). Similarly when there is any perks to the middle classs which might possibly increase their disposable income, such as tax breaks in IT returns or increase in tax slab limits etc.; these gives fillip to consumer durable goods firms stocks as more disposable income in hands of middle class income group means more sales for these firms. So, sector specific importance of any budget will continue to remain. Otherwise as stated on 90% of occassions the budget is not a make or break even or even paradigm shifting or trend deciding turn for markets. This is because the markets are very smart these days. They have already analysed the present and pas economic, business and commerce situation in the country and know the possible political upheavals and figure out 90% of the time how 90% of budget would be and discounted 90% of the medium to long term move of the same. 

BELOW ARE IMPORTANT HIGHLIGHTS NOT OF JUST BUDGETARY ANNOUNCEMENTS BUT ALSO THE ESTIMATES AND REVISIONS.

**FY19 ESTIMATES**
* Fiscal deficit target pegged at 3.3% of GDP
* Fiscal deficit seen at 6.24 trln rupees
* Net market borrowing pegged at 4.62 trln rupees
* Net short-term borrowing 170 bln rupees
* Gross market borrowing pegged at 6.06 trln rupees
* Provide 646 bln rupeeS for switch/buyback FY19 gilts by Mar
* Gilts repayments 1.43 trln rupees
* Nominal GDP growth seen 11.5%
* Revenue deficit pegged at 2.2% of GDP
* Revenue deficit seen at 4.16 trln rupees
* Total expenditure seen at 24.42 trln rupees
* Disinvestment target at 800 bln rupees
* Gross tax revenue 22.7 trln rupees
* GST collections seen 7.44 trln rupees
* CGST collections seen 6.04 trln rupees
* Transfer to states seen at 1.43 trln rupees
* Excise mop-up pegged at 2.60 trln rupees
* RBI surplus, PSU bank dividend seen 548 bln rupees
* Total infra spend at 5.97 trln rupees
* Communication receipts seen 486.6 bln rupees
* Fertiliser subsidy 700 bln rupees
* Defence outgo 2.82 trln rupees
* Pension outgo 1.68 trln rupees
* Dividend from PSUs seen at 525 bln rupees
* Food subsidy 1.69 trln rupees
* Agri credit target at 11 trln rupees
* Transport outgo seen at 1.35 trln rupees
* Small savings receipts seen 750 bln rupees
* Rural development outgo seen 1.38 trln rupees
* Customs mop-up pegged at 1.13 trln rupees
* Interest outgo seen 5.76 trln rupees
* Income tax pegged at 5.29 trln rupees
* Farm, allied activities outgo 638.36 bln rupees
* Gilts buyback pegged at 719 bln rupees
* Fertiliser subsidy seen 701 bln rupees
* Corporation tax pegged at 6.21 trln rupees
* Petroleum subsidy seen 249.3 bln rupees
* To conduct 280.6 bln rupees of gilt switches FY19
* To issue 650 bln rupees of bonds to PSU banks FY19
**FY18 REVISED**
* Direct tax revenue up 12.6%
* Fiscal deficit 3.5% of GDP
* Gilts buyback at 570 bln rupees
* Gilts switches 430 bln rupees
* Dividend from PSUs revised to 548 bln rupees
* RBI surplus, PSU bank dividend revised to 516 bln rupees
* Small savings receipts 1.03 trln rupees
* Non-tax revenue to see shortfall
* GST revenue for only 11 months
* Divestment target revised to 1 trln rupees
* Hope to grow 7.2-7.5% in H2 FY18
* Exports expected to grow 15% in FY18
**DIRECT TAXES**
* Propose only modest change in long-term capital gains tax
* To tax long-term capital gains on shrs over 100,000 rupees at 10%
* Strong case for long term capital gains tax on shares
* Tax on short-term capital gains from shares unchanged at 15%
* 200 bln rupee more revenue on long-term capital gains tax
* To tax dividend given by equity schemes of MFs at 10%
* No long-term capital gain tax on shares till Jan 31, 2018
* Eases rules on long-term capital gains tax on realty
* Anti tax evasion steps led to extra 900-bln-rupee revenue
* Seeing buoyancy in personal income tax collection
* 80-bln-rupee revenue loss on income tax standard deduction
* To allow 40,000 rupees standard deduction in income tax
* Personal income tax rates unchanged
* Senior citizen exemption on interest income up at 50,000 rupee
* 25% corporate tax for cos with up to 2.5 bln rupee turnover
* Corp tax to remain 30% for cos above 2.5-bln-rupee turnover
* To forego 70-bln-rupee revenue on corp tax benefit for MSME
* Lower corporate tax rate to aid 99% MSMEs
* Announces tax sops for farm producer cos
* Propose post-harvest tax incentives
* Health, education cess increased to 4%
* To get 110 bln rupees more revenue from health, edu cess
* Tax sops for transactions at international fincl centres
* To amend IT Act to roll out e-assessment

**INDIRECT TAXES**
* CBEC to be renamed Central Board of Direct Tax and Customs
* Excise on unbranded diesel cut by 2 rupee to 6.33 rupee/ltr
* Excise on unbranded petrol cut by 2 rupee to 4.48 rupee/ltr
* Plan changes in customs duty act for ease of doing business
* Social welfare surcharge of 3% on import of some goods
* To raise customs duty on certain items
* To raise customs duty on mobiles to 20% from 15%
* Custom duty on certain TV parts raised to 15%
* Customs duty on mobile phones raised to 20% from 15% * Custom duty on raw cashew cut to 2.5%
* Import duty on diamond up at 5% vs 2.5% earlier
* Crude palm kernel oil, corn oil customs duty up at 30%
* Crude safflower oil, coconut oil customs duty up at 30%
* Crude groundnut oil, cottonseed oil customs duty up at 30%
* Social welfare surcharge on import of gold, silver at 3%
* Social welfare surcharge on import of petrol, diesel at 3%
* Import duty on cut, polished coloured gemstone 5% vs 2.5%

**FY20 & FY21 ESTIMATES** * FY20 revenue deficit pegged at 1.8% of GDP
* FY20 fiscal deficit target pegged at 3.1% of GDP * FY21 revenue deficit pegged at 1.6% of GDP
* FY21 fiscal deficit target pegged at 3.0% of GDP

**MACROECONOMY MATTERS**
* Firmly on course to achieve 8% plus growth
* Achieved average 7.5% growth in first 3 years of govt * This Budget to consolidate gains of last 4 years' budgets
* India stands out as the fastest growing economy in world
* India a $2.5-trln economy now
* India to become fifth largest economy very soon
* Govt has implemented fundamental structural reforms
* Promised to reduce poverty, build strong India
* Direct transfer mechanism is a global success story
* Will focus on health, infrastructure, senior citizens
* Focus on 'ease of living' for common man
* To move ahead on ease-of-doing business
* Demonetisation has reduced cash in circulation
* Recapitalised banks have better capacity to support growth
* Indirect tax system made simpler with GST
* FDI increased due to govt actions
* Manufacturing sector back on growth path
* There's a premium on honesty because of govt's reforms

**AGRICULTURE**
* FY19 Budget aims to strengthen agri, rural economy
* Seek paradigm shift to double farmers' income by 2022
* Govt committed to welfare of farmers
* Govt to create mechanism for post harvest facilities
* MSP hikes not enough, farmers must be able to get benefits
* NITI Aayog to make robust system for fair price to farmers
* Next kharif crop MSP to be at least 1.5 times of cost
* Emphasis on generating gainful farm, non-farm jobs
* Focus on low-cost farming, higher selling price
* Institutional system for farm goods price, demand forecast
* Export of farm commodities to be liberalised
* Agri export potential $100 bln
* To launch Operation Green in line with Operation Flood
* Allocate 5 bln rupees for Operation Green
* Allocate 2 bln rupees for medicinal, aromatic crops
* To encourage women self-help groups for organic farming
* Cluster-based models to be developed for horticulture crops
* e-NAM to be exempt from APMC regulations
* 470 APMCs connected to e-NAM, rest to be connected by Mar
* To develop, upgrade 22,000 rural haats to agricultural mkts
* To allocate 20 bln rupees for farm development fund
* Favourable tax treatment for farm mfg organisations
* Kisan credit card benefit also to animal husbandry, fishing
* To launch bamboo mission for 12.9 bln rupees
* To set up 42 mega food parks for farm exports

**POLICY STEPS**
* Aim to lower central govt debt-to-GDP ratio to 40%
* To take all steps to eliminate use of crypto-currencies * To encourage blockchain technology in payment system (still confusion will prevail over this whole crypto currencies conundrum)
* To provide 30.73 bln rupees for Digital India plan
* To take more steps to curb black money
* Govt committed to revised fiscal glide path
* Prepared to accept key recommendations of FRBM committee
* NITI Aayog to set up plan for artificial intelligence R&D
* 100 bln rupees for animal husbandry, fisheries develop fund
* To set up 2 new funds of total 100 bln rupees for fishery
* To set up 500,000 WiFi hotspots for rural connectivity
* To review refinancing policies under MUDRA plan
* Online loan facility for MSMEs to be revamped
* To address bad loan problems of MSMEs
* 37.94 bln rupees for MSME credit support
* Job creation core of policy planning
* To take steps for improving start-up funding environment
* PSUs to be part of e-trade receivables platform
* To link e-trade receivables platform with GSTN
* 3 trln rupees lending target for MUDRA plan FY19 * Smart City scheme outlay 2.04 trln rupees
* Reforms in stamp duty regime in consultation with states
* To set up unified fincl mkt regulator for GIFT city
* To introduce pay-as-you-use toll system
* Identified 372 reform actions for ease-of-doing business * To infuse more equity in FCI
* Plan to assign every enterprise in India a unique ID
* To bring out domestic defence production policy

**INDUSTRY, INFRASTRUCTURE**
* To allocate 71.5 bln rupees to textiles sector FY19
* Allocation for food processing sector 14 bln rupees FY19
* To expand airports' capacity to handle 1 bln trips a year
* To construct tunnel under Sela Pass
* To award water supply contracts worth 194.28 bln rupees

**RAILWAY PLANS**
* Rail track renewal target at 3,600 km
* Special attention being given to rail track maintenance
* Capex for Railways pegged at 1.48 trln rupees FY19 * 170 bln rupees for suburban rail infra in Bengaluru
* FY19 allocation at 110 bln rupee for Mumbai Rail Transport
* To eliminate 4,267 unmanned railway crossings in 2 years
* All trains to soon have WiFi system, CCTVs

**FINANCIAL SECTOR & MARKETS**
* RBI norms to nudge cos to access bond mkts for fund raising
* To monetise PSUs using via invest trusts from next year
* SEBI to mull asking large cos to meet 25% of debt from mkt
* Regional rural banks to be allowed to raise money from mkts
* To merge 3 public sector insurance cos into 1
* To list entity post merger of 3 public sector insurance cos * To explore more ETFs, including debt-based ETFs
* Govt to have separate policy for hybrid fincl instruments
* To frame policy to develop gold as asset class
* RBI to transfer NHB shareholding to govt
* Gold monetisation policy to be revamped
* RBI Act being tweaked to allow standing deposit facility

**SOCIAL SECTOR**
* To set up dedicated affordable housing fund under NHB
* Aim 5.1 mln rural houses under affordable housing plan * Aim to give houses to all poor by 2022
* Aim to build 20 mln more toilets under Swachh Bharat
* More than 60 mln toilets built under Swachh Bharat plan
* To give 80 mln LPG connections under Ujjwala scheme * To spend 1 trln rupees on education infra over 4 years
* To subsidise removal of crop residue to tackle pollution
* To set up Ekalavya schools for scheduled tribes
* To treat education holistically pre-nursery to class 12
* To give 40 mln power connections under Saubhagya Yojana
* To move from blackboard to digital board
* Allocate 99.75 bln rupees for social security plan FY19
* Allocation to National Livelihood Mission 57.50 bln rupees
* Allocate 14.3 trln rupees for rural infra FY19 * Allocate 26 bln rupees under ground water irrigation plan
* Health protection scheme to cover 100 mln poor families
* Allocate 12 bln rupees for health wellness centres
* To launch PM research fellow plan for 1,000 BTech students
* To set up 2 new schools of planning & architecture
* 600 mln Jan Dhan accts to get micro insurance benefit
* 24 new medical colleges to be set up via hospital upgrade
* Aim 1 medical college for every 3 Parliament constituency
* 6-bln-rupee nutritional support for Tuberculosis patients
* Govt progressing towards universal health coverage
* Health scheme to have 500,000 rupee/family/yr benefit
* Allocate 566.2 bln rupees for Scheduled Castes welfare
* Cover all poor family in PM insurance plan in mission mode
* 187 projects sanctioned under Ganga cleaning programme
* Allocate 391.35 bln rupees for welfare of Scheduled Tribes
* Govt women employees to contribute 8% to EPF in first 3 yrs
* To contribute 12% of new employees' wages in EPF for 3 yrs
* To supply water to all homes in 500 cities under Amrut plan
* LIC 8% assured income plans for sr citizen extended to 2020

**MISCELLANEOUS**
* Special scheme to fight pollution in Delhi-NCR
* To develop 10 places as iconic tourism destinations
* Salary hike for President, Vice-President, governors
* New law to govern salaries of lawmakers
* Lawmakers' salary to be revised every 5 yrs


Jan 20, 2018

DQ ENTERTAINMENT LTD. Penny Stock View

DQ ENTERTAINMENT LTD.
CMP : 19.
VIEW : MID TERM.
STRATEGY AND UPDATES: NA

COMMENTARY :
This company his a good animation pure play listed on Indian bourses. The company is not profitable and has lot of debt. Its recent success in selling distribution of its Jungle Book Series will likely lift its bottomline. As you can see the stock is trading at its lower band or range and the ongoing bull market also likely to benefit it. The firm has nice trackrecord and very long experience in its field and likely to take benefit from growth in the industry. To buy considering high risk high return play at this level should be the idea for investors.




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Jan 13, 2018

Money through Mutual Fund continues to flood Indian Stock Markets

Inflow through the systematic investment plan (SIP) route have hit an all-time high of Rs 62.22 billion in December. Put together, the overall SIP inflow in 2017 stood at Rs 595 billion. It is worth noting that about 85 per cent of SIP inflow are into equity-oriented schemes. Interestingly, the massive SIP inflows in 2017 has surpassed the overall equity inflow during 2016.

In 2016, inflow into equity schemes was of Rs 549 billion. The total SIP accounts have risen to 18.8 million. So far this financial year, the mutual fund industry has added more than 5 million new SIP accounts. Industry officials say at this pace, the monthly SIP book should cross Rs 70 billion, against Rs 30 billion two years ago.


Posted on 1:31:00 PM | Categories:

November IIP growth jumps to 17-month high; Dec inflation rises to 5.2%

India’s industrial output and headline retail price indices registered the highest growth since July 2016 — among the last crucial set of economic data before the Union Budget 2018-19.The data released on Friday showed that the Index of Industrial Production (IIP), after slowing for two straight months, bounced back in November, rising by 8.4 per cent and signalling that industrial revival was back on track.Meanwhile, the Consumer Price Index (CPI)-based inflation rate for December rose to 5.21 per cent, compared to 4.88 per cent in November and 3.41 per cent in December 2016.
The divergent trends, with robust industrial data and high inflation numbers, indicate that the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) may not go in for an interest rate cut in the foreseeable future, with some analysts indicating there could even be a rate hike. Rising global oil prices not only increased fuel inflation to almost eight per cent in December, but will also make the Budget math a bit of a complicated exercise in these fiscally difficult times.“A rate cut by the RBI can be ruled out; and based on the trajectory in the next few months, a rate hike could be the next rate action. But it would be the status quo in February,” said Madan Sabnavis, chief economist, CARE Ratings.Union Finance Minister Arun Jaitley presents the 2018-19 Budget on February 1. 


The only two major datasets yet to be released by the Centre are monthly wholesale inflation and trade data.IIP growth “has been driven by a combination of restocking by companies and a more vibrant demand in certain sections,” Sabnavis said.  He added that cumulative IIP growth for this fiscal year was now at 3.2 per cent, compared to the same period last year. Sabnavis expects IIP growth for the year at 4.5 per cent. IIP growth in November was fuelled by a 10.2 per cent rise in the manufacturing sector from the low 2.2 per cent in October.

The manufacturing sector constitutes more than three-fourths of the IIP. However, within the manufacturing segment, 15 of the 23 sub-groups recorded a contraction, compared to 13 in the previous month.Before this, industrial production growth in the country had slowed to a revised 1.99 per cent in October, from the 4.1 per cent in September, after rising to a nine-month high of 4.5 per cent in August. In November, the other major sub-sectors of electricity and mining rose by 3.9 per cent and 1.1 per cent, respectively. Capital goods production showed a rising trend for the fourth straight month. Its growth rate rose to a high 9.4 per cent from the 6.5 per cent rise in October.It is possible that investments (gross fixed capital formation, or GFCF) may grow by a faster pace than what was estimated in the Advance Estimates. In the Advance Estimates, GFCF is estimated to grow at 4.5 per cent in FY18.

This translates into a cumulative growth rate of 5.9 per cent in the third (Q3) and fourth quarters, up from 4.7 per cent in the second quarter (Q2). But capital goods, a principal indicator used to estimate GFCF, have grown by eight per cent in Q3 so far, up from 4.8 per cent in Q2. Thus, as capital goods maintain their trajectory, it is quite likely that Q3 estimates, which will be released in February, will show higher investment growth.“Manufacturing growth is expected to remain robust in December 2017, benefiting from a favourable base effect as well as the robust expansion displayed by sectors such as automobiles. 
However, the subdued performance of electricity generation and the output of Coal India may weigh upon the growth of mining and electricity in December 2017,” said Aditi Nayar, principal economist with Icra.On possible MPC action, Nayar said that unless retail inflation persisted above five per cent for two quarters, a rate hike was not expected. The RBI has been asked by the government to keep inflation at four per cent, plus or minus two per cent. The CPI inflation rate for December shot up on the back of a rise in prices of food items, eggs, and vegetables. The inflation rate for the food basket (CFPI) increased to 4.96 per cent in December, from 4.42 per cent in the preceding month. 
The data revealed that eggs, vegetables, and fruits became costlier, while inflation moderated in the case of cereals and pulses.The starkest jump was for vegetables, which shot up 29 per cent year-on-year, while the steepest fall was for pulses and products, which fell 23 per cent.Inflation in oil touched 7.9 per cent on rising crude prices internationally, while house rent inflation reached 8.2 per cent on government revision of house rent allowance. Global oil prices hit $70 a barrel on Thursday, but eased on Friday. The Budget for 2017-18 had assumed global crude prices at $55, but officials say that they don’t have much of a problem if prices reach $65 a barrel.


Dec 30, 2017

Reliance Jio To Acquire Assets Of Reliance Comminucations - RComm debt to come down to 6000 crore after some other real estate sales

Mukesh Ambani’s Reliance Jio announced a deal on Thursday to acquire younger brother Anil Ambani-owned Reliance Communications’s (RCom’s) wireless infrastructure assets, including towers and spectrum, at an estimated price of Rs 20,000-24,000 crore. The historic deal between the brothers came on their father Dhirubhai Ambani’s 85th birth anniversary.
The two companies have signed binding agreements and the proceeds would be used to pre-pay RCom’s bank loans.
“Jio emerged as the highest bidder in a transparent process conducted under the supervision of a high-powered bid evaluation committee, comprising experts from banking, telecom and law. The company will utilise the proceeds of the monetisation of this cash deal solely for pre-payment of debt to its lenders,” RCom said in a statement.
Jio, which has disrupted the Indian telecom sector after the launch of its free voice service last September, will acquire 122.4 MHz of 4G spectrum in the 800/900/1800/2100 MHz bands, over 43,000 towers, around 178,000 route km of fibre with a pan-Indian footprint, and 248 media convergence nodes, covering 5 million sq ft used for hosting telecom infrastructure. These assets are expected to contribute significantly to the large scale roll-out of wireless and fibre to home and enterprise services by Jio.
Both companies said the transactions would close in a phased manner over the next three months ending March 2018, subject to approvals from lenders.
Cash payments, including deferred spectrum installments payable to Department of Telecommunication (DoT), would form part of the deal.
 
RCom had defaulted on its loans and had entered the Strategic Debt Restructuring (SDR) scheme to recast its debt worth Rs 44,700 crore as of March. According to the deal with the lenders, RCom was to sell its assets by December to repay the loans.
Banks, on the other hand, had to let go of their dues till December 2018 from the beleaguered company. But as the company failed to sign any deal before the December 2017 deadline, the banks will have to consider the account as a non-performing asset and set aside 15 per cent of the exposure as provisions in the December quarter.
The acquisition will put Jio in charge of a sizeable spectrum band even as the telco has already disrupted the sector over the past one and a half year.  Jio holds almost 14 per cent of the telecom market share by adjusted gross revenue, according to the Telecom Regulatory Authority of India (Trai) numbers and has been steadily rolling out freebies to telecom subscribers to grab market share.
Apart from this transaction, RCom would also sell real estate and minority stake to reduce its debt by 87 per cent to Rs 6,000 crore.
The company had earlier announced plans to sell prime real estate across New Delhi, Chennai, Kolkata and Navi Mumbai. The Jio acquisition does not include real estate assets.

SBI, IDBI Bank, Bank of Baroda are among the top lenders to RCom. The company was also able to convince China Development Bank, one of its large lenders, to withdraw a National Company Law Tribunal (NCLT) petition to recover Rs 9,600-crore debt from RCom. The RCom stock gained 7.7 per cent to close at Rs 31 on Thursday.

Dec 25, 2017

11 Points To Consider Before Joining Any Stock Trading Advisory

Our CHALLENGE if you find even 1 advisory firm competing with us in below parameters of genuinity then you will get all our service lifetime free !
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We are operating since last more than 8 years (in 2017). Most firms are very new. So they don’t have old and experienced analysts. How to verify this? You can go to our site and check on this link www.meghainvestments.blogspot.in you will find our updated research since 2008 when Google introduced their blogger service in India (We don't know the launch year exactly, but the point is that it was new and nascent in India). So, experience is definitely a plus point. Besides if we are here for so many years then we definitely have more knowledge and experience and have given better service to our customers that is the reason we have been able to survive and thrive this long.
We were one of the 5 firms who started this whole business of advisory in our country- in Ahmedabad, Gujarat, and then it spread in whole India in last 8-9 years. All companies closed down who started with us, only we are surviving. Why? We explain it further here.
So, the point is we get the marks for OLD ESTABLISHMENT and STILL WORKING, SINCE 2008 title which is a one of a great comparison point with any other service provider when you are concerned about the type of quality of service you might get. 

2. HOW WE STARTED/NOT FOR PROFIT OR BUSINESS:
Also, our firm is not a private limited or limited co. so we are a basically a group of analysts who started this site and started putting their research ideas and articles and stock tips as part of their study while they were studying their post graduation in different fields. Then after due to market boom and request and demand of many, they started giving professional/paid advice service for very low amount. Then as the time went they started their broking and other business and as the customer increased to give better service, they also increased their charges. That is the reason our charges are one of the highest in industry. So, thus you now know that our firm is operated and owned by analysts themselves and not started by persons who wanted to earn money as an advisory business.  Because then the 'businessman's sole motive will be to earn day to day or month to month income and he would do anything to achieve that, including indulging into malpractices. So, this also clears the point that our analysts do not change, so that is why our system of research also remains consistent and the benefit of maturity and experience is gained by customers who join year after another. Not like other companies where analysts change on almost monthly basis (that too newbies and inexperienced ones mostly- those passed out of college - they are really cheap and smart experienced analysts can't be afforded by so-called telemarketing advisory companies - and the fact smart experienced analysts won't go for job rather than do their independent business), and thus customers don’t get benefit of the experienced analysts. Thus we are not strictly for earning money and not work with sales target or fee collection target.

3. COPY PASTE SITES:
You will find that most of so called advisory co. websites you surf, just go to their about us page and other pages too. You will find that many are just copied and pasted the entire content or 70%+ is similar. Even other pages like products etc. also are also same. 

Why? Because many of them are owned and operated by a syndicate of persons or one person alone. You can also see how the 'services' page is more or less the same in all of the so-called advisory websites, with little bit difference of name of service. The most nonsensical aspect is how they simply ask for charges of Rs. 10000 and even as high as 1 lakh and more by merely making a TABLE depicting name of service and 3-4 more lines and simply putting PAY NOW ONLINE or bank account detail!! Don't they have any value for such amount? They are asking for such exorbitant sum as charge without any description or detail or explanation of their service and what it is all about and why should one take it; save the argument about establishment or credibility! God! And only use these different name sites to lure inquiries so that they can offer them free trial and cut them clean! ON THE OTHER HAND, you check out our site, from about us to services page you will not find even 1% similarity between 99% so called advisory firms and our site. Why, because we are different and unique, we have created our site as our shop and it is mostly representing what we are and we have poured years of research and experience in making and polishing our site and products. Our site is not simply a marketing tool or a platform for generating traffic and getting inquiries for free trials. No. We have content because we are a REAL GENUINE ORGANISATION WITH REAL PEOPLE. That is why we stand out of them all. THIS IS HOW YOU VERIFY AND SEPARATE GENUINE BUSINESS FROM THE UNSCRUPULOUS CHEATERS OPERATING TO LOOT PEOPLE.

Clearly you will find that our services are designed, improved and polished over the time with the experience of analysts who provide it and of course with the help of hundreds of customers we have been able to service over the past years.


4. SERVICES OFFERED:
Just see the variety of our services. Om most of the other sites you will find almost common services with fancy names like jackpot nifty and so on. Also their service has no description or one two lines of description. And in one page it is complete. A MERE ONE PAGE FOR ALL SERVICE! But on our site each and every service is distinct and you will find a long page giving explanation about service with definition and example. We have given utmost clarity to our visitors about our product. Why and how? Because this is result of our years of experience and work. We have not come to make these products but OUR SERVICES HAVE BEEN EVOLVED AND REFINED AND REDESIGNED AND POLISHED AND PERFECTED OVER SEVERAL YEARS OF EXPERIENCE, and that is how we have them and other don’t. Also, we don’t have fancy names. It’s a bad way of marketing really.

5. SERVICE FOR INVESTORS:
One staggering upper hand we have over 99.99% of so called tip business fraudsters/operators is that - we have been giving SERVICES FOR LONG TERM INVESTORS for past many years. This is for investors who are investing for long term and not trading. We have 5 totally distinct and unique services for such people. I challenge you will not find such anywhere. Because as said above, they are designed by our years and years of experience and expertise and polished over and over again and perfected. So, this is our holistic approach, we have fundamental analysis resources for the same. Ask those all cheating free-tips advisory private limited cos. or individuals what do they have for long term investors? They will say they are not interested because they want instant money and that is possible only by giving free tips for day-trading and then grab money if they are lucky. So, don’t fall victim to such fraudsters. This is also another proof that we are not here to only make profit but to give required and suitable service/to serve the traders and investors honestly and genuinely, and also guide people who are long term investors and promote long term investors- and not only loot people by pushing them all to day trading only.

6. NO BANK ACCOUNT DETAIL OR ONLINE PAYMENT LINK ON SITE:
You will find bank account detail given on all websites as well as online payment link. WHY WE HAVE NOT PUT? We could also put, but we have not put because we are not too much eager to take your money. We FIRST WANT TO DISCUSS WITH YOU. That is why we have not put our bank detail on site or no online payment link. We will first discuss and if we agree about our service then we give you bank detail to make payment, and not otherwise. Another reason is also to avoid problematic/rigid customers, who are only losers and want to blame only and not change. They will first make payment and then not trade as per our advice but do only what they have to do, then blame us, so to avoid waste of time an loss of reputation due to complaints of such fanatics also we have not put bank detail or online payment link on our site. Also many people used to pay money then ask us to give service as per their desire, and we don’t do it so we had to refund their money and that also used to waste a lot time and bank charges and tax entries also.

7. FIRST DISCUSS THEN JOIN CONCEPT:
We have clearly written on our home page that first discuss then join our service. Don’t decide out of hurry or by simply reading our products detail. This is because we want to make sure that everyone selects suitable service. And of course we are not eager that customer pay money as fast as possible. We are not concerned with customer payments but customer satisfaction. Also we don’t take payment of enroll customers unless we discuss with them thoroughly and are satisfied that the person is given right service. Also that is why you will find in our contact form also, an option to choose ‘I want to discuss’ option. Also, by talking with them we want to make them aware about right approach towards market and teach them basic rules and requirements and pitfalls of market mistakes so that they don’t get bitter experience in market that is why also we want them to discuss with us.

8. CONCEPT OF ‘ASSURED PROFIT’ AND NOT MONTHLY OR TIMEBOUND SERVICE:
The fact of market is that market is very good for some days while bad for some days and just on the sidelines on other days. Many times market is completely uncertain and there is no-clue as to where it is heading. Also, sometime some international or domestic news flow is dominating market and making it impossible to predict or move. While in years many months are filled with 2-5 holidays also. Thus, we developed these ASSURED PROFIT products, as we understand that we cannot bind market in time/months. And if we try to do it we will lose money. Because there are many days when we don’t know what to do or it is highly risky or completely uncertain etc. and on those days we trade or send calls then we are/customer bound to lose money. But that is what happened in monthly service. So, we came out with this profit-bound service where we give assurance of profit, and till that amount of profit is achieved to the customer our service continues, our responsibility towards the customer continues. Our another logic is also that in monthly service suppose we keep sending you calls/sms, what is its value, you don’t pay us fees to receive a 25 paisa SMS service! NO! You give charges to GET ACTUAL PROFIT IN STOCK TRADING! So, just SMS is not what you want, you want actual profit. In our assured profit system it is possible. Visit our site for more detail of the same.

9. REGISTERED TRADEMARK:
Our logo and brand name is registered trademark, and one of the first in this industry. Nowadays some companies have also done this after copying us. Why it is important. BECAUSE WE HAVE A BRAND NAME REPUTATION/GOODWILL that is why we had to protect it an many times taken action and closed some firms who used our name by help of law in the past. Those people who are operating for many years and for long term in future AND WHO THINKG OR WANT TO MAKE THEIR FIRM A BRAND NAME only worry about protecting their brand name…OTHER WISE WHY WILL THEY WORRY ABOUT OTHER USING THEIR NAME…but we worry. So we have our registered trademark for many years now. This is not the only but one of the logical points to consider while choosing better advisor. Also, please beware of persons SELLING OR PITCHING SERVICES BY FLAUNTING THEIR SEBI REGISTRATION, AS IT TAKES ONLY RS.15,000 TO REGISTER AND ANYONE CAN GET REGISTRATION NUMBER BY PASSING A SIMPLE EXAM. 

10. NO PAID ADVERTISEMENT ON GOOGLE/FACEBOOK OR NOT SMS MARKETING AND NO DIRECT TELE-CALLING/TELEMARKETING:
Yes…we are receiving all the inquiries by ‘mouth publicity’ or word of mouth by our satisfied clients of past years. We are automatically ranking on Google search because our site is so much full of best content and research and several years older that it is automatically listed on top pages for which other money-looting advisory pay lacs of rupees to SEO experts and also spend lacs on Google and facebook ads. This is also a big point to consider while find genuine advisory company. We are not saying that those who advertise are all bad. But this point is also important and should be considered among the other above listed points. We also don’t worry about getting new customers and inquiries because we do not give free trials and because we are serving for many years, and that’s why we already have many clients to thrive and survive. So, just think twice when you open advisory websites by clicking on advertisements.
Also just imagine, all those telemarketing advisory companies who put up so much infrastructure and manpower and spend lacs on SEO or marketing, huge telemarketing sales team costs etc., have to earn a minimum amount every month or they will have to shut down the very next month. So, they will engage and employ all kinds of malpractice, misleading things, and fraud tactics to lure customers. They will definitely make people bet big and do gambling so that customer earns or loses big and they can get big amounts in profit sharing fees etc. On the other hand like we said, we do not spend 1 rupee on advertisement, so do not have compulsion to have minimum income per month and that helps us remain honest to our customers and not make them take huge risks and eventually lose their capital. 

11. ORIGINAL RESEARCH AND ARTICLES:

We, both on our site and our blog, have a rich collection of original articles helpful for investors and traders. On 99% sites you will not find this. And on other 1% it is mostly copy paste from elsewhere. Is this important? THIS IS THE MOST IMPORTANT ASPECT! Because basically you want buy-sell recommendations or advice, and how does that come? By don’t research and analysis of market by fundamental and technical tools, right? So if any so-called advisory firm does not have theses ‘research’, they must be asked a question how are you giving the service? Or probably most are only flipping coin or giving buy-sell SMS to people by imagination by looking and screen or tips from website etc…WE ALL AGREE THAT THIS IS DEFINITELY NOT A GOOD THING FOR CUSTOMERS! The point is that we have a strong proof our research base and its validity and strength by the way of our original research articles content. MOST OTHERS DON’T HAVE THIS AT ALL, AND OTHERS WHO HAVE ARE COPY PASTE FROM INTERNET OR JUST INFERIOR TO OUR CONTENT.

Dec 3, 2017

50 Trading Quotes For Traders Who Want To Succeed

50 Trading Quotes For Traders Who Want To Succeed
1.    “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. I’ve known many [traders] who were right at exactly the right time, and began buying or selling stocks when prices were at the very level that should show the greatest profit. And their experience invariably matched mine; that is, they made no real money out of it. [Traders] who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make the big money.” – Jesse Livermore
2.    “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
3.    “Everyday I assume every position I have is wrong.” – Paul Tudor Jones
4.    “I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.”
– Jim Rogers
5.    “You can lose your opinion of you can lose your money.” – Adam Grimes
6.    “I have two basic rules about winning in trading as well as in life: 1. If you don’t bet, you can’t win. 2. If you lose all your chips, you can’t bet.” – Larry Hite
7.    “Cut your losses. Cut your losses. Cut your losses. Then maybe you have a chance.” – Ed Seykota
8.    “Bulls make money, bears make money, pigs get slaughtered.”
9.    “Take your profits or someone else will take them for you.” – J.J. Evans
10. “Beware of trading quotes.” – Andreas Clenow
11. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
12. “There is a huge difference between a good trade and good trading.” – Steve Burns

13. “The market is a device for transferring money from the impatient to the patient.”- Warren Buffet
14. “Never let a win go to your head, or a loss to your heart.” – Chuck D.
15. “Some people make shoes. Some people make houses. We make money, and people are willing to pay us a lot to make money for them.” – Monroe Trout
16. “Only The Game , Can Teach You The Game” – Jesse Livermore
17. “Losers average losers.” (Sign in Paul Tudor Jones office).
18. “Trade the market in front of you, not the one you want!” – Scott Redler
19. “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory @SharpTraders
20. “In trading the impossible happens about twice a year.” – Henri M Simoes @TraderHMS
21. “The trend is your friend – until it stabs you in the back with a chopstick.” – @StockCats
22. “He who knows when he can fight and when he cannot will be victorious.” – Sun Tzu
23. “Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.” – Bruce Kovner
24. “Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones
25. “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” – Jesse Livermore
26. “A rising tide lifts all boats over the wall of worry and exposes bears swimming naked.” – @StockCats
27. “All you need is one pattern to make a living.” – Linda Raschke
28. “All the math you need in the stock market you get in the fourth grade.” -Peter Lynch
29. “5/1 risk/reward ratio allows you to have a hit rate of 20%. I can actually be a complete imbecile. I can be wrong 80% of time and still not lose.” – Paul Tudor Jones
30. The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger
31. “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
32. “The trend is your friend until the end when it bends.” – Ed Seykota
33. “Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – @Sunrisetrader
34. “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
35. “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
36. In trading, everything works sometimes and nothing works always.”
37. “The market can stay irrational longer than you can stay solvent.” – John Maynard Keynes
38. “IF YOU WANT TO BE A LEDGE… FIND YOUR EDGE…” – Tom Dante @Trader_Dante
39. “By living the philosophy that my winners are always in front of me, it is not so painful to take a loss.” – Marty Schwartz
40. “Sometimes the best trade is no trade.” – Anonymous
41. “Hope is bogus emotion that only costs you money.” – Jim Cramer
42. “One day does not make a trend.” – Anonymous
43. “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
44. “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager (paraphrase)
45. “Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
46. “Don’t fight the Fed.” – Marty Zwieg
47. “You’re going to learn a million things, then you need to forget them all and focus on one.” – @SunriseTrader
48. “The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
49. “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
50. “Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb