Professional Documents
Culture Documents
WISE M NEY
AUGUST 5TH-21ST
4-7
Derivatives
8-9
Commodity
10-13
lobal markets gained after seeing rebound in crude prices and policy easing by the
Bank of England (BOE) in response to the concerns over the impact of Brexit. BOE
cut the growth forecast for the U.K. and cut the interest rate for the first time
14
since 2009 and announced additional stimulus to spend 70 billion pounds on bond purchases
IPO
15
to spur demand. The Japanese government announced additional spending of 4.6 trillion
FD Monitor
16
yen ($45 billion) in the current fiscal to shore up the growth in the economy. Chinese official
Insurance
17
factory gauge unexpectedly fell below the dividing line between improvement and
Mutual Fund
18
Currency
deterioration to 49.9 last month, below June's 50 signaling a debt-fueled growth rebound
may be losing steam.
Back at home, Modi government got the approval of the India's biggest reform i.e. goods
and services tax legislation by the upper house of parliament. The ultimate impact would
depend upon the details and the rate of tax that will be negotiated over the next few
months. As per reports, the GST amendment bill will be tabled in the Lok Sabha on 8 August
2016. The bill requires ratification by 50% states after its passage by the Parliament,
followed by the Presidential assent of Constitution Amendment and notification in the
official Gazette. Going next week, Reserve Bank of India monetary policy review is
scheduled on 9th August. It is widely expected that the RBI will keep the status quo.
Meanwhile, the government has notified 4 percent inflation target with a range of
plus/minus 2 percent for the next five years under the monetary policy framework
agreement with the Reserve Bank. Market participants are eyeing on the economic data out
of U.S. to gauge whether the Federal Reserve would stick to continue to monetary
Salzburg Square, Flat No.1, III rd Floor, Door No.107, Harrington Road,
Chetpet, Chennai - 600031.
tightening in 2016.
On the commodity market front, CRB recovered to some extent on the back of a recovery in
precious metals, energy and in some Agri commodities like oil seeds, sugar etc. Recently
Secunderabad - 500003
Tel: 91-40-30780298/99, 39109536
safe haven demand supported the gold prices and it is likely to trade with upside bias in
DUBAI OFFICE:
coming days as well on weak economic releases. Gold can trade in the range of 31000-32500
levels while silver can move in the range of 45500-49000 levels in the near term. Crude oil
prices may continue their downside movement amid fear of supply glut and lack of demand.
Overall, it can move in the range of 2650-2960 levels in MCX. In the base metal counter,
weakness may persist on China slowdown concerns and slow global demand. CPI of China,
New Yuan Loans, Reserve Bank of New Zealand Rate Decision, CPI of Germany, GDP of
Germany, Italy and euro zone, Advance Retail Sales and U. of Michigan Confidence of US etc
Website: www.smcindiaonline.com
Investor Grievance : smc@smcindiaonline.com
are some of the important events and data, which may impact the commodities prices.
(Saurabh Jain)
SMC Global Securities Ltd. (hereinafter referred to as SMC) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and its associate is member of MCX stock Exchange Limited. It is also
registered as a Depository Participant with CDSL and NSDL. Its associates merchant banker and Portfolio Manager are registered with SEBI and NBFC registered with RBI. It also has registration with AMFI as a Mutual Fund Distributor.
SMC has applied with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014. SMC or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing
in securities Market.
SMC or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. SMC or its associates and relatives does not have any material conflict of
interest. SMC or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. The subject company has not been a client of SMC during the past twelve months. SMC or
its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company
covered by Analyst and SMC has not been engaged in market making activity of the company covered by Analyst.
The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.
SMC does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any
investment decision.
SMC Global Securities Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a further public offering of its equity shares and has filed the Draft Red Herring Prospectus with the
Securities and Exchange Board of India (SEBI) and the Stock Exchanges. The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and on the websites of the Book Running Lead Manager i.e., ICICI
Securities Limited at www.icicisecurities.com and the Co- Book Running Lead Manager i.e., Elara Capital (India) Private Limited at www.elaracapital.com . Investors should note that investment in equity shares involves a high degree
of risk and for details relating to the same, please see the section titled Risk Factors of the aforementioned offer document.
NEWS
TREND SHEET
DOMESTIC NEWS
Economy
Rajya Sabha unanimously passed a historic Constitution Amendment bill that
will pave the way for a Goods and Services (GST) in the country in what will
be one of the most significant tax reform measures ever in India. The GST
will be an indirect tax for the whole nation, which will make India one
unified common market. It will be a single tax on the supply of goods and
services, right from the manufacturer to the consumer.
Auto Ancillary
Bosch is set to implement smart manufacturing at all its 15 manufacturing
centres in India. This is in line with its global strategy of embracing Industry
4.0 or connected industry that combines manufacturing with Internet of
things and technology.
Realty
NBCC has bagged a `250 crore contract to construct a hospital in West Bengal.
The company has also secured a total business of `344.72 crore in July.
Pharmaceuticals
Natco Pharma has received final approval from the US Food and Drug
Administration (USFDA) for its Abbreviated New Drug Application (ANDA) of
generic versions of Tamiflu oral capsules, 30 mg, 45 mg and 75 mg.
Dr Reddy's has successfully completed the acquisition of eight Abbreviated
New Drug Applications (ANDAs) in the US from Teva Pharmaceuticals
Industries and an affiliate of Allergan Plc. The acquired portfolio consists of
products that are being divested by Teva as a precondition to its closing of
acquisition of Allergan's generics business. In June, the company had entered
an agreement with Teva to buy this portfolio of ANDAs for $ 350 million.
Lupin expects to launch up to 30 drugs in the US market in the current fiscal
while it awaits approval of around 160 products from the US Food and Drug
Administration (USFDA). The Mumbai-based firm said products filings have
been made to the US health regulator from company's Indian as well as
overseas facilities.
Gems & Jewlery
PC Jeweller is opening its new showroom Sunday, 07 August 2016, at
Najafgarh (Delhi), after this the Company will have total 64 showrooms
located across 52 cities in India.
Capital Goods
Suzlon Energy expects to exit corporate debt restructuring (CDR) by the end
of the current financial year in March 2017.
INTERNATIONAL NEWS
US factory orders tumbled by 1.5 percent in June after slumping by 1.2 percent
in May. Economists had expected orders to plunge by 1.8 percent compared to
the 1.0 percent drop originally reported for the previous month.
US jobless claims rose to 269,000, an increase of 3,000 from the previous
week's unrevised level of 266,000. Economists had expected claims to edge
down to 265,000. The Labor Department said the less volatile four-week
moving average also climbed to 260,250, an increase of 3,750 from the
previous week's unrevised average of 256,500.
US non-manufacturing index declined to 55.5 in July after jumping to a
seven-month high of 56.5 in June. While a reading above 50 indicates
continued growth in the service sector, economists had expected the index
to show a more modest drop to 56.0.
US construction fell by 0.6 percent to an annual rate of $1.134 trillion in June
from a revised $1.141 trillion in May. The decrease came as a surprise to
economists, who had expected spending to climb by 0.6 percent. While the
drop in construction spending in June was unexpected, revised data showed
that spending edged down by just 0.1 percent in May compared to the
previously reported 0.8 percent drop.
The Bank of England reduced its key interest rate for the first time in more
than seven years and expanded its quantitative easing as the "Brexit" vote
deepened the case for a technical recession. The Monetary Policy
Committee, governed by Mark Carney, unanimously voted to cut its bank rate
by 25 basis points to a fresh record low of 0.25 percent. This was the first
reduction in rates since March 2009.
Japan's leading index held steady in June, defying economists' expectations
for an increase, preliminary survey data from the Cabinet Office. The
leading index that signals the future economic activity, came in at 98.4 in
June, the same reading as in the previous month. Meanwhile, it was forecast
to climb to 99.7.
Stocks
*Closing
Trend
Price
Date
Rate
Trend
Trend
Changed Changed
S&P BSE SENSEX 28078
UP
13.04.16
25627
26500
NIFTY50
8683
UP
13.04.16
7850
8150
8000
NIFTY IT
11137
UP
23.03.16
11207
10900
10700
NIFTY BANK
18926
UP
18.03.16
15655
17800
17300
1600
ACC
26000
1721
UP
18.03.16
1337
1630
BHARTIAIRTEL
364
UP
04.03.16
332
360
350
BHEL
138
UP
08.07.16
138
130
125
CIPLA
533
UP
05.08.16
533
500
485
DLF
165
UP
04.03.16
108
145
138
120
HINDALCO
144
UP
11.03.16
84
130
ICICI BANK
246
UP
10.06.16
253
245
DOWN 15.07.16
1073
INFOSYS
ITC
1068
253
UP
18.03.16
325
240
1140
230
1160
220
L&T
1512
UP
22.04.16
1265
1480
1420
MARUTI
4942
UP
20.05.16
3927
4600
4500
UP
13.04.16
137
150
DOWN 17.10.14
397
NTPC
161
ONGC*
226
RELIANCE
1016
UP
15.07.16
1012
960
TATASTEEL
382
UP
04.03.16
289
350
145
-
235
940
340
Closing as on 05-08-2016
NOTES:
1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name
of "Morning Mantra ".
2) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength
coming into the stock. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and
taking a long-term view and not a short-term view.
FORTHCOMING EVENTS
Ex-Date
8-Aug-16
Company
Sintex Industries
9-Aug-16
10-Aug-16
11-Aug-16
11-Aug-16
12-Aug-16
18-Aug-16
Meeting Date
8-Aug-16
8-Aug-16
9-Aug-16
9-Aug-16
9-Aug-16
PowerFinanceCorporation
Bharti Airtel
L&T Finance Holdings
Larsen & Toubro
Company
Hero MotoCorp
Colgate Palmolive (India)
PowerFinanceCorporation
Adani Power
Century Textiles
& Industries
Lupin
Mahindra & Mahindra
Motherson Sumi Systems
Punj Lloyd
Thermax
Grasim Industries
IPCA Laboratories
Aditya Birla Nuvo
MRF
Cipla
Divi's Laboratories
Sun Pharmaceuticals
Industries
Bajaj Electricals
Allahabad Bank
State Bank of India
Shree Cements
Glenmark Pharmaceuticals
Bosch
9-Aug-16
10-Aug-16
10-Aug-16
10-Aug-16
10-Aug-16
11-Aug-16
11-Aug-16
11-Aug-16
11-Aug-16
12-Aug-16
12-Aug-16
12-Aug-16
12-Aug-16
12-Aug-16
12-Aug-16
12-Aug-16
12-Aug-16
12-Aug-16
Purpose
Dividend - Re 0.70/- Per Share/ Right
26:151
AGM/ Dividend - Rs 5.50/- Per Share
Interim Dividend - Rs 6/- Per Share
(Purpose Revised)
AGM/ Dividend - Re 0.60/- Per Share
AGM/ Dividend - Rs 1.36/- Per Share
AGM/ Dividend - Re 0.80/- Per Share
Dividend - Rs 18.25/- Per Share
Purpose
Results/Others
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
Results
0.00
2.00
-0.20
1.09
1.09
1.00
-0.40
-0.60
0.00
-0.80
-0.39
-1.00
-1.20
-0.69
-1.00
-1.01
-1.20
-1.40
-1.03
-1.11
-1.60
-2.00
-1.48
-1.97
-2.17
-1.56
-1.80
-2.68
-3.00
Nifty
SMC Trend
Nifty Sensex
Sensex
-1.34
-1.47
-1.37
BSE Midcap
BSE
Smallcap
Nifty Next
50
S&P CNX
500
-4.00
BSE Midcap
Nifty Junior
BSE Smallcap
-4.32
-5.00
Auto Index
Bankex
Cap Goods
Index
Healthcare
Index
IT Index
Metal Index
Power Index
Realty Index
0.50
0.23
0.10
0.08
FMCG
Healthcare
IT
Metal
0.00
-0.27
-0.50
-0.44
-0.43
655.61
700.00
-1.00
629.10
556.40
600.00
500.00
-1.28
-1.50
400.00
247.10
300.00
200.00
-2.00
-1.90
-2.12
100.00
CAC 40
-100.00
122.20
0.00
-2.50
Nasdaq Comp. Dow Jones
S&P 500
SMC Trend
Nasdaq
Dow jones
S&P 500
Nikkei
Strait Times
Hang Seng
Shanghai
Comp.
FTSE 100
-200.00
-123.60
-204.20
-300.00
Nikkei
Strait times
Hang Seng
Shanghai
Friday
FTSE 100
CAC 40
Monday
Tuesday
Up
Down
Wednesday
Thursday
MF Activity
Sideways
8.00
6.00
208.78
12.00
10.00
5.44
9.42
8.00
4.00
2.79
2.33
2.00
1.99
5.28
6.00
1.40
4.00
0.00
2.78
2.67
2.66
2.00
-2.00
0.00
-2.22
-4.00
-4.78
-6.00
-3.97
-4.00
-5.63
-6.00
-8.00
-5.75
-8.58
-10.00
Tata Steel
Maruti
Suzuki
Sun
Hero
Bajaj Auto
Pharma.Inds. Motocorp
ICICI Bank
-5.12
-4.72
Aurobindo
Pharma
Lupin
-8.00
-8.45
-10.00
-2.00
Larsen &
Toubro
Lupin
HDFC
GAIL (India)
HCL
Technologies
Bank of
Baroda
-8.22
BHEL
Larsen &
Toubro
1.00
223.30/127.95
8907.93
20.30
8.62
1.44
1.14
BSE
% OF SHARE HOLDING
Foreign
14.63
32.95
44.15
6.97
Institutions
Non Promoter Corporate
Holding
Promoters
1.31
` in cr
Revenue
EBITDA
EBIT
Pre-Tax Profit
Net Income
EPS
BVPS
ROE (%)
Actual
Estimate
FY Mar-15 FY Mar-16 FY Mar-17
127,257
117,078
129,642
19,306
19,682
19,992
15,423
15,444
14,930
14,133
15,228
14,310
10,601
10,452
9,879
20.85
20.53
19.42
99.06
121.45
138.21
22.10
18.60
14.80
CMP: 1193.00
VALUE PARAMETERS
Face Value (`)
52 Week High/Low
M.Cap (`Cr.)
EPS (`)
P/E Ratio (times)
P/B Ratio (times)
Dividend Yield (%)
Stock Exchange
10.00
1480.00/771.00
1435.45
32.07
37.20
3.47
0.75
BSE
% OF SHARE HOLDING
0.01
6.88
10.72 7.39
Foreign
Institutions
Non Promoter Corporate
Holding
75
Promoters
Public & Others
` in cr
REVENUE
EBITDA
EBIT
NET INCOME
EPS
BVPS
ROE
Actual
FY Mar-15 FY Mar-16
1875.11
2217.90
174.36
196.10
56.33
196.10
39.99
49.66
34.18
41.28
343.42
380.57
14.15
10.90
Estimate
FY Mar-17
Investment Rationale
P/E Chart
Target Price:1362.00
Investment Rationale
?
Wheels India Limited is promoted by the TVS
Group. The Company manufactures steel wheel.
The Company Segments include Cars, utility
vehicles, Commercial vehicles, Tractors, Single
Piece wheels and Construction & Earth Mover
wheels. The company also manufactures air
suspension kits for trucks and buses.
?
15 % of the Company's turnover is accounted from
exports, particularly from the Construction &
Earth Mover equipment segment. It has launched
aftermarket brand TVS WILGO for catering
aftermarket needs in 2012.
?
It has reported a 151% jump in net profit for the
quarter-ended March 2016 to `16.97 core with
10% growth in sales. The management of the
company expects healthier growth current fiscal
year.
?
According to the management of the company,
commercial vehicle market is one of its major
markets and significant growth of 28 percent
achieved last year in this particular segment.
However, in coming years, it expects to maintain
same growth percentage.
?
Construction equipment and mining segment is
expected to show growth in the domestic market
this year. Management is more concern about the
rural segment and expecting good demand of
tractor due to above normal monsoon.
?
The company is focusing on strategic expansion
into non-wheel business and is also trying to
increase market share globally as well as
domestic. At present, only 15% of revenue is
Upside: 22%
Upside: 14%
P/E Chart
EQUITY
DLF
The stock closed at `164.50 on 05th August 2016. It made a 52-week low at
`72.35 on 12th February 2016 and a 52-week high of `165.60 on 29th July 2016.
The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is
currently at `129.12
As we can see on charts, stock has rebounded sharply from lower levels and
tested its earlier resistance of 160 in single upmove. Then after, it was
consolidating in narrow range of 150-160 levels for few weeks and gave the
breakout of same during last traded week by gained around 2 percent. Moreover,
it has breached its 200DEMA on weekly charts and also manages to close above
the same, which indicates the positive trend for near term. Therefore, one can
buy in the range of 158-161 levels for the upside target of 180-185 levels with SL
below 148.
Disclaimer : The analyst and its affiliates companies make no representation or warranty in relation to the accuracy, completeness or reliability of the information contained in its
research. The analysis contained in the analyst research is based on numerous assumptions. Different assumptions could result in materially different results.
The analyst, not any of its affiliated companies, not any of their members, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any
part of the analysis research.
SOURCE: CAPITAL LINE
Charts by Spider Software India Ltd
DERIVATIVES
WEEKLY VIEW OF THE MARKET
Nifty regained strength with aggressive FII buying and positive news flows. With GST became reality domestic market cheered. Sectors like PSU banking, Pharma
& Oil and gas were most active and posted smart gains. Hereafter, the range of 8500-8800 levels will remain crucial in the near term, and the move is expected to
remain volatile with positive bias, as indicated by option open interest concentration. If Nifty break above the 8700 mark, it could rally up to 8800 levels on the
back of fresh momentum. On correction, the index will face strong support at 8500-8550 levels. The put-call ratio of open interest closed down at 0.78. The
options open interest concentration continued to be at the 9000-strike call with the highest open interest of above 60 lakh shares. Among put options, the 8500strike is taking the total open interest to 55 lakh shares, with the highest open interest among put options. The implied volatility (IV) of call options closed at
13.80%, while the average IV of put options closed at 13.62%. VIX Index, remained flat to 15.14. For coming week, market is likely to trade with positive trend.
Any dip should be used to initiate fresh longs. Banks, Cement, Pharma and Oil & gas sectors are likely to outperform in coming days.
DERIVATIVE STRATEGIES
BULLISH STRATEGY
OPTION
STRATEGY
TATAMOTORS
Buy AUG 520. CALL 18.00
Sell AUG 540. CALL 10.00
HINDALCO
Buy AUG 145. CALL 5.50
Sell AUG 150. CALL 3.50
HINDPETRO
Buy AUG 1280. CALL 30.00
Sell AUG 1300. CALL 23.00
FUTURE
Around `122
Sell:
Below `139
Sell:
Below `459
Target:
`130
Target:
`133
Target:
`441
8700
8800
8900
9000
14.50
7.00
11.39
12.06
13.25
0.05
0.50
5.35
1.22
8200
8300
8400
8500
Call
-0.31
8000
Put
-0.57
7500
-0.54
-0.16
8600
- 0.69
8500
- 1.35
0.00
- 1.50
8400
1.34
5.00
0.04
2.79
5.14
8300
9.33
13.94
15.13
7.72
5.29
8200
Call
8600
8700
8800
8900
9000
Put
Call
Put
19200
19500
20000
20500
0.08
18800
0.00
15.71
18500
3.24
18000
0.60
0.01
16000
Call
19200
19500
20000
-2.41
19000
-0.02
-0.35
17000
-0.86
19000
-0.74
18800
3.96
18500
4.60
18000
0.05
17500
0.22
17000
17500
0.00
-5.00
-0.21
6.68
0.52
4.09
5.07
5.35
4.12
2.38
0.80
5.00
4.82
10.00
0.00
16000
12.69
15.00
12.94
7.40
3.28
3.77
9.25
20.00
7.35
5.62
27.34
23.28
24.40
30.00
15.34
20.00
40.00
19.26
25.00
3.22
30.00
48.59
41.83
43.49
50.00
26.45
In 10000
52.42
In 10000
60.00
10.00
10.79
15.00
-5.00
8000
18.85
44.70
38.26
20.00
0.00
7500
23.91
58.36
51.25
25.00
28.31
32.00
4.58
6.86
30.00
10.00
13.79
16.57
30.00
25.28
28.76
40.00
37.94
50.00
46.09
60.00
25.75
In lakhs
62.00
In lakhs
70.00
10.00
20.00
Buy:
20500
Put
DERIVATIVES
SENTIMENT INDICATOR (NIFTY)
43.30
37.70
37.40
45.45
48.10
PCR(OI)
0.78
0.76
0.81
0.87
0.88
PCR(VOL)
0.76
0.82
0.90
0.94
1.03
1.38
0.25
0.61
1.23
0.67
2.73
0.19
0.42
0.90
1.00
Implied Volatality
13.69
15.19
14.71
13.99
13.62
VIX
15.14
16.24
15.69
15.18
15.18
HISTORY. VOL
12.69
13.07
12.76
13.11
13.52
132.90
91.20
114.25
105.80
96.25
PCR(OI)
1.01
0.94
0.95
0.91
0.96
PCR(VOL)
0.94
0.88
0.83
0.88
1.05
A/D RATIO(BANKNIFTY)
2.00
0.09
3.00
0.50
0.50
A/D RATIO#
3.75
0.19
2.80
0.36
0.36
Implied Volatality
18.37
20.67
19.61
19.75
18.15
HISTORY. VOL
17.24
17.76
18.11
18.66
18.47
In Cr.
800
3000
632
711
In Cr.
85
500
83
81
1000
200
619
908
1500
288
2000
394
332
1986
2500
600
400
2476
22-Jul
-1500
25-Jul
26-Jul
27-Jul
28-Jul
29-Jul
01-Aug
02-Aug
03-Aug
-430
22-Jul
04-Aug
25-Jul
26-Jul
-977
-400
-1088
-288
-1000
-717
-33
-500
-200
-389
27-Jul
28-Jul
29-Jul
01-Aug
02-Aug
03-Aug
04-Aug
%OI Chng
LTP
%OI Chng
ABIRLANUVO
1508
6.07%
3284250
46.75%
BATAINDIA
530.7
-12.81%
3144900
77.14%
HCLTECH
822.8
9.45%
7694400
39.37%
ICICIBANK
242.3
-8.43%
76330000
46.57%
TATACOMM
450.9
1.55%
4118800
21.07%
CONCOR
1433.35
-5.22%
618000
46.10%
CANBK
256.9
2.88%
12405000
20.24%
MCDOWELL-N 2212.25
-10.48%
2980000
45.21%
ALBK
78.5
1.03%
12960000
17.29%
BHARATFIN
795.35
-12.94%
9090000
43.62%
BHARTIARTL
365.05
1.23%
21588000
14.12%
GODREJIND
400.6
-7.53%
1768500
39.36%
MARUTI
4914.15
2.82%
2417550
12.21%
EXIDEIND
174.15
-3.36%
11708000
35.89%
118.9
1.15%
12960000
11.92%
LT
1460.65
-5.84%
8526500
35.79%
ORIENTBANK
TATASTEEL
376
5.28%
23302000
11.70%
AMARAJABAT
876.5
-7.08%
907800
32.37%
MINDTREE
604.6
4.68%
2185600
10.65%
SIEMENS
1245
-5.16%
1226000
30.36%
**The highest call open interest acts as resistance and highest put open interest acts as support.
# Price rise with rise in open interest suggests long buildup | Price fall with rise in open interest suggests short buildup
# Price fall with fall in open interest suggests long unwinding | Price rise with fall in open interest suggests short covering
SPICES
BULLIONS
OTHER COMMODITIES
Kapas futures (Apr) is expected to trade bullish in the range of 990-1060 due
to good domestic demand amid lower sowing acreage. As per latest estimate
by government, cotton is planted in 92.3 lh in the country, down by 9.4 per
cent against 101.9 LH last year as on 29 July. In Gujarat, acreage is lower by
41.2% at 13.65 lakh hac, compared to 23.2 lh a year ago. Cotton prices are
unlikely to fall sharply at least in the near term as acreage lags behind in key
growing states. Cotton prices would remain on the higher side up to
November 15, when the new supply of cotton would pick up in the domestic
market. Mentha oil futures (Aug) is likely to continue in the range of 930-970
levels. There are reports of heavy rainfall in the major growing areas in Uttar
Pradesh which affected the mentha crop while mint product exports have
declined around 4% on year on year basis. The uptrend in guar seed (Oct) will
possibly continue & the prices may rise towards 4000 levels, guar gum (Oct)
can test 7200 levels due to lower production estimate amid lower acreage.
There is continuous heavy rainfall in some area that will lead to disease
attack and fast vegetative growth. Sugar futures (Oct) can turn bullish &
trade in the range of 3650-3775 due to lower production estimates. Indian
Sugar Mills Association has predicted that sugar output in 2016-17 (Oct-Sep)
may be about 23.3 mt, down about 7% from 25.1 mt the previous year.
However, counter may pressurized as the government has decided to impose
export duty of 20 per cent on the export of raw sugar to keep the domestic
prices of sugar under control.
ENERGY COMPLEX
Crude oil prices are expected to continue their downside movement amid
fear of supply glut and lack of demand. Overall it can move in the range of
2650-2960 levels in MCX. Recently inventory report released last week sent
mixed signals about supply levels in the market. Government data showed
that gasoline inventories fell by 3.3 million barrels far more than expected.
The unexpectedly large drop in inventories eased concerns about a supply
glut to some extent as concerns about a persistent glut continue to pressure
the market. But a worldwide oversupply since in motor fuels and other
refined products has indicated the rebound. Worries about slowing
economies in Asia, the driver of oil demand growth and Europe have weighed,
along with near record-high OPEC output and signs of a new price war by
Saudi Arabia for crude. Hedge funds have turned more negative on oil amid
worry about fundamentals, holding a record net short position on gasoline
while cutting bullish wagers on crude to five-month lows. Natural gas may
continue its bullish momentum on good demand as it can test 210 levels in
MCX. Forecasts of warmer weather across large swaths of the country could
elevate natural gas prices in coming days, as more gas is used to power air
conditioning in homes and businesses. The U.S. Energy Information
Administration storage levels shrank by 6 billion cubic feet of gas in the week
ending July 29. Increased production and high levels of imports of natural gas
from Canada to US capped upside to some extent.
BASE METALS
In base metal counter, weakness may persist on China slowdown concerns and
slow global demand. Global investors may be reassured by fairly steady
growth expected in a flurry of Chinese data in coming weeks, but tepid
demand, slowing investment and rising debt levels remain pressing concerns
for the world's second largest economy. China's top economic planner called
for the central bank to cut interest rates and bank reserve requirements "at
the appropriate time", disappointing investors who had discounted the
possibility of a cut in the near term. Red metal copper may move in the range
of 315-336 levels. China's copper demand is improving with solid growth of
about 15 percent across grid and substation spending, but that won't be
enough to counter new mine supplies. Lead can hover in the range of 116-124
levels. Zinc can move in the range of 144-154 levels. Zinc stocks held in
London Metal Exchange warehouses have slipped 10% since the beginning of
the year and currently stand around 430,000 tonnes. Aluminum can move in
the range of 105-111 levels in near term. China's unwrought aluminium and
aluminium product exports were 340,000 tonnes in June. This took exports to
2.28 million tonnes in the first half of the year, which was down 9.4 percent on
the same period of last year. Nickel may move in the range of 680-730 levels.
Last week Philippine's government suspended seventh miner from their
operations due to violation of environmental laws. At the time of suspension
of their 6th miner around 8-10% production levels were expected to decline.
10
COMMODITY
TREND SHEET
EXCHANGE
COMMODITY
CONTRACT
CLOSING
DATE TREND
PRICE
CHANGED
TREND
RATE TREND
SUPPORT
RESISTANCE
CHANGED
CLOSING
STOP/LOSS
NCDEX
SOYABEAN
OCT
3630.00
12.05.16
Down
4037.00
3850.00
3900.00
NCDEX
JEERA
AUG
19450.00
16.06.16
Up
17140.00
18100.00
17800.00
NCDEX
REF.SOY OIL
AUG
636.15
04.08.16
Up
636.15
615.00
600.00
NCDEX
RM SEEDS
AUG
4931.00
09.06.16
Up
4666.00
4850.00
4800.00
MCX
MENTHA OIL
AUG
929.10
19.05.16
Up
890.40
880.00
860.00
MCX
CARDAMOM
SEP
953.00
22.03.16
UP
738.80
870.00
850.00
MCX
SILVER
SEP
47677.00
09.06.16
UP
40909.00
45500.00
44500.00
MCX
GOLD
OCT
31780.00
16.06.16
Up
30607.00
30800.00
30500.00
MCX
COPPER
AUG
322.25
30.06.16
Up
330.60
321.00
320.00
MCX
LEAD
AUG
120.00
04.08.16
Sideways
MCX
ZINC
AUG
151.15
03.03.16
UP
123.85
145.00
142.00
MCX
NICKEL
AUG
708.30
30.06.16
Up
638.90
680.00
660.00
MCX
ALUMINUM
AUG
108.55
30.06.16
Up
111.30
106.00
104.00
MCX
CRUDE OIL
AUG
2810.00
28.07.16
Down
2772.00
3000.00
3100.00
MCX
NATURAL GAS
AUG
191.00
17.03.16
Up
133.40
182.00
178.00
*Closing as on 04.08.16
NOTES : 1)
These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name of Daily report- commodities (Morning Mantra).
2) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength coming into the commodity. At the moment, the stop loss will be far as we
are seeing the graphs on weekly basis and taking a long-term view and not a short-term view.
TECHNICAL RECOMMENDATIONS
SILVER MCX (SEP)
SILVER MCX (SEP) contract closed at `47677 on 4th Aug'16. The contract made its high of `48932 on 04th
July'16 and a low of `36471 on 04th Apr'16. The 18-day Exponential Moving Average of the commodity is
currently at `47069.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 63. One can buy in the
range of `47300-47200 with the stop loss of `47000 for a target of `47800.
11
COMMODITY
NEWS DIGEST
WEEKLY COMMENTARY
In the week gone by, CRB recovered to some extent on recovery in precious metals, energy and
in some agri commodities like oil seeds, sugar etc. Fall in the equity market attracted money
flow in commodities complex. The US dollar gained some strength last week, recovering after
data showed that the US private sector added more jobs than expected in July, and gains
continued on Thursday after the Bank of England cut its interest rate and expanded its stimulus
measures. In bullion counter, especially, gold edged higher. Gold prices moved up after the
Bank of England announced a stimulus program to support the country's economy after the
Brexit vote. The BOE cut its benchmark interest rate to a new low on last Thursday. Oil futures
regained positive momentum after an unexpectedly large drop in gasoline supplies on last
Wednesday. The rebound back above $40 came as traders attempt to balance declining North
American production levels and expectations of increasing global fuel demands in the coming
year as against the near glut levels of global petroleum inventories that overhang the market.
Natural gas prices jumped but ended slightly lower last week, despite a government report
showing inventories declined for the first time in a summer week in a decade. Base metals
slowly drifted into negative territory on negative economic data's. The Chinese Caixin services
PMI for July at 51.7 missed the forecast 52.9. Global uncertainty and the start of the summer
slowdown also gave negative impact on base metal prices.
In agri counter, oil seeds and edible oil saw good jump in the prices. CPO outperformed others
on positive news. The Council of Palm Oil Producing Countries (CPOPC) established by Malaysia
and Indonesiathe world's two largest crude palm oil (CPO) producerswill soon conduct
research to counter a black campaign against the product. CPO and palm oil products of both
Indonesia and Malaysia have recently faced difficulties to enter some developed markets, such
as the EU, because of tough requirements related to environmental issues. Guar seed and
guargum edged higher on improved demand in spot market. Maize futures moved down to
multi months low across the board as mostly favorable weather in the U.S. Midwest bolstered
expectations for a big crop. Spices moved up except jeera.
8.00
4.58
4.20
6.31
5.91
6.00
4.00
3.00
2.70
3.74
4.00
2.50
3.03
2.00
2.00
1.01
1.00
0.00
0.00
- 1.48
- 2.00
- 1.27
- 0.85
- 1.13
-1.00
- 0.98
- 4.00
- 3.59
-2.00
- 1.84
- 1.84
- 2.26
- 6.00
GUARGUM
5MT
NEW STEEL
LONG
MAIZERABI
CRUDE
OIL
JEERA
UNIT
28.07.16
QTY.
1600.00
10432.00
212.00
4246.00
34974.00
30153.00
26749.00
5006.00
11274.00
54077.00
9022.00
9941.00
5921.00
15967.00
04.08.16
QTY.
0.00
10432.00
70.00
4847.00
31585.00
5426.00
22905.00
6347.00
11344.00
48536.00
1930.00
5126.00
6062.00
15967.00
DIFFERENCE
-1600.00
0.00
-142.00
601.00
-3389.00
-24727.00
-3844.00
1341.00
70.00
-5541.00
-7092.00
-4815.00
141.00
0.00
-3.00
CPO
BRCRUDE
OIL
COTTON
MENTHA
OIL
CRUDE
OIL
COPPER
LEAD
LEADMINI
NATURAL
GAS
UNIT
28.07.16
QTY.
CARDAMOM
04.08.16 DIFFERENCE
QTY.
MT
2.90
0.00
-2.90
BALES
17100.00
5800.00
-11300.00
GOLD
KGS
157.00
913.00
756.00
GOLD MINI
KGS
314.30
442.10
127.80
GOLD GUINEA
KGS
13.55
13.55
0.00
MENTHA OIL
KGS
2503965.38
2730731.53
226766.15
KGS
30933.18
30776.26
-156.92
COTTON
12
COMMODITY
SPOT PRICES (% change)
5.37
5.17
On 3rd August 2016, the GST has finally crossed the hurdle of Rajya Sabha after
the long and tumultuous debate. This is the country's most transformative tax
reform in decades is likely to affect in the common man in numerous ways.
As the GST reaches its final stages, according to Arvind Subramanian, Chief
Economic Adviser to the GoI, a range of standard Goods and Services Tax rate
will be between 17% and 19%. All these numbers are based on assumptions and
conditional on policy choices. So Services could get more expensive, it's a
mixed bag for consumers for goods.
4.67
CORIANDER (KOTA)
2.11
MUSTARD (JAIPUR)
1.98
GUR (MUZAFFARNGR.)
1.44
JEERA (UNJHA)
1.04
Impact on commodities
Petroleum products will be outside of GST.
TURMERIC (NIZAMABAD)
0.22
SOYABEAN (INDORE)
0.11
WHEAT (DELHI)
0.06
-0.09
-0.18
BARLEY (JAIPUR)
-0.23
SUGAR (KOLKATA)
-0.25
SILVER 5 KG (DELHI)
-0.54
COTTON (KADI)
-0.75
CHANA (DELHI )
-1.09
First of all food prices may increase in the initial phase if GST is rolled out.
Given the exemption of food from central Value Added Tax and 4 % Value
Added Tax on food item, the GST under a single rate would lead to a doubling
of tax burden on food items.
But there will also be many benefits. The biggest pros of GST is that we will
have a single tax without the cascading effect of multiple taxes, so only value
addition is taxed at each point that is a healthy international practice.
The simple uniform tax regime is expected to improve the transportation time
of perishable commodities, and curtail wastage of precious food. Agri
commodities being produced in one part of the country will find more market
in the farthest part of the country because there will be no CST and no entry
tax. It will benefit both the farmers and consumers.
However, with food products are eligible for concessional duties today and if
GST rate touched 12 % to 18 % we might see an increase in prices.
It is expected that exemption or concession for agriculture commodities
which are sensitive to price hike will continue. About 54 percent of Consumer
Price Index basket will be completely exempt from GST.
GST will bring a lot of transaction especially trading in oilseeds, pulses and
cereals which are happening outside the tax net.
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
STOCK POSITION
STOCK POSITION
28.07.16
04.08.16
2318125
2278250
-39875
ALUMINIUM
DIFFERENCE
COPPER
214425
207350
-7075
NICKEL
374652
372378
-2274
LEAD
187150
188725
1575
ZINC
435600
430625
-4975
04.08.16 CHANGE%
ALUMINIUM
LME
3 MONTHS
1609.00
1622.50
0.84
COPPER
LME
3 MONTHS
4896.50
4831.00
-1.34
LEAD
LME
3 MONTHS
1803.00
1795.00
-0.44
NICKEL
LME
3 MONTHS 10695.00
10605.00
-0.84
ZINC
LME
3 MONTHS
2205.00
2255.00
However, there is confusion over whether there will be a flat rate of GST for
both imported and domestic oil. Imported oil attracts a duty of 12.5 %. If GST
will be at the rate of 5 %, then it is not clear whether imported edible oil will
be taxed at 17.5 % and domestic oil at 5 %.
In case of jewellery, currently only 2 % of effective taxes is passed on to the
consumers but as per the GST model, at least 6 % rates could be imposed,
impacting the jewellery purchase. But according to experts, higher tax rate
actually subsumes many hidden taxes on them and brings many parts of the
jewellery industry so far outside the tax net into the tax base. But overall
service tax on gems & jewellery items will increase the cost as A standard GST
rate of 17-18% for all services is higher than the 14.5% tax on services
applicable currently.
Currently, refining scrap by melting, assaying and refining into gold bullion is
exempted from excise duty, and has affected the level playing field between
local and imported gold, which attracts 10% customs duty. This may be badly
impacted by GST.
2.27
UNIT
GOLD
COMEX
OCT
1337.00
1362.60
1.91
Soybean
CBOT
NOV
978.00
973.25
-0.49
SILVER
COMEX
SEP
20.19
20.44
1.23
Corn
CBOT
DEC
338.75
331.00
-2.29
NYMEX
AUG
41.14
41.93
1.92
CPO
BMD
OCT
MYR per MT
2300.00
2444.00
6.26
Sugar
LIFFE
AUG
10 cents per MT
518.10
542.70
4.75
NATURAL GAS
NYMEX
SEP
2.87
2.83
-1.50
13
CURRENCY
Currency Table
Currency Pair
Open
High
Low
Close
03rd Aug
USD/INR
67.05
67.30
66.97
67.18
03rd Aug
EUR/INR
74.92
75.60
74.80
74.84
GBP/INR
88.92
89.87
88.37
88.77
03rd Aug
04th Aug
04th Aug
JPY/INR
65.36
66.57
65.29
66.28
(Source: Reliable Software, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)
04th Aug
China July service sector growth eases, employment falls for first
time in four months:
Euro zone retail sales flat in June, as consumers cut fuel
purchases
U.S. private sector adds 179,000 jobs in July: ADP
Indian markets welcome GST but see challenges ahead
New orders for U.S. factory goods fall for a second straight month
in June
Bank of England cut interest rates and restarted bond purchases
in a move to mitigate the impact of Britain's vote to exit the
European Union.
Market Stance
Rupee started the week on a positive note as against the dollar as rising
optimism about policy reforms in the country improved the sentiments for
local unit after the Rajya Sabha approved for bringing in the Goods and
Services Act. Expectations are rising that global investors, starved of returns
from fixed income investments, may raise their investments in the highest
yielding emerging market as government's actions provide them the comfort
of prudent economic policies. However, in later part some of the gains were
seen pared on renewed dollar demand from banks and importers and firm
dollar overseas. On the global front, Bank of England (BoE) Governor Mark
Carney joined the Bank of Japan (BoJ) and the European Central Bank in
stimulating the economy by cutting rates to record lows and bond purchases of
$170 billion. Post-Brexit, global central banks including BoJ, and BoE have
become aggressive in injecting liquidity into the financial markets.
Date
09thAug
10thAug
11thAug
11thAug
11thAug
11thAug
11thAug
12thAug
12thAug
12thAug
12thAug
12thAug
12thAug
12thAug
Currency
GBP
USD
USD
USD
USD
USD
USD
EUR
EUR
EUR
EUR
USD
USD
USD
Event
NIESR GDP Estimate (3M)
Monthly Budget Statement
Initial Jobless Claims
Import Price Index (YoY)
Export Price Index (MoM)
Import Price Index (MoM)
Export Price Index (YoY)
Gross Domestic Product s.a. (YoY)
Gross Domestic Product s.a. (QoQ)
Industrial Production s.a. (MoM)
Industrial Production w.d.a. (YoY)
Retail Sales (MoM)
Retail control
Retail Sales ex Autos (MoM)
Previous
0.6
6
269
-4.8
0.8
0.2
-3.5
1.6
0.3
-1.2
0.5
0.6
0.5
0.7
USD/INR
EUR/INR
USD/INR (AUG) contract closed at 67.18 on 04th August'16. The contract made its
high of 67.30 on 03rd August'16 and a low of 66.97 on 02nd August'16 (Weekly Basis).
The 14-day Exponential Moving Average of the USD/INR is currently at 67.23.
EUR/INR (AUG) contract closed at 74.84 on 04th August'16. The contract made its
high of 75.60 on 04th August'16 and a low of 74.80 on 04th August'16 (Weekly Basis).
The 14-day Exponential Moving Average of the EUR/INR is currently at 74.71.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 46.99.
One can sell around 67.05 for the target of 66.65 with the stop loss of 67.25.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 50.47.
One can sell around 74.85 for a target of 74.25 with the stop loss of 75.15.
GBP/INR
JPY/INR
Technical Recommendation
GBP/INR (AUG) contract closed at 88.77 on 04th August'16. The contract made its
high of 89.87 on 03rd August'16 and a low of 88.36 on 01st August '16 (Weekly Basis).
The 14-day Exponential Moving Average of the GBP/INR is currently at 88.94.
JPY/NR (AUG) contract closed at 66.28 on 04thAugust'16. The contract made its
high of 66.57 on 03rd August '16 and a low of 65.29 on 01st August 2016 (Weekly
Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at 65.01.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 42.90.
One can sell around 88.50 for a target of 87.40 with the stop loss of 89.10.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 63.44.
One can buy around 66.00 for a target of 67.00 with the stop loss of 65.50.
14
IPO
IPO NEWS
BSE looks to divest up to 30% in CDSL through IPO
BSE Ltd, the oldest stock exchange in Asia, is preparing to divest a stake of up to 30% in depository firm Central Depository Services (India) Ltd (CDSL) through an initial
public offering (IPO) that could fetch the exchange up to `500 crore. At an issue size of about Rs.500 crore, the company will be valued at up to `1,500 crore. CDSL was set
up in 1999 by BSE along with banks such as State Bank of India (SBI), Bank of India, Bank of Baroda, HDFC Bank Ltd, Standard Chartered Bank and Union Bank of India. BSE
holds a 54.2% stake in the company. A depository, CDSL facilitates holding of securities in electronic form. It, along with National Stock Exchange-promoted National
Securities Depository Ltd, are the only two depositories in the country.The IPO, a pure offer for sale (OFS), is being looked at as a divestment route for BSE.
IL&FS eyes Rs 5k crore in first infra trust IPO
Infrastructure Leasing & Financial Services (IL&FS) is making final preparations to list India's first infrastructure investment trust (InvIT) to raise `5,000 crore, or $750
million, by early October. The Mumbai-headquartered IL&FS plans to put four of its 30 big projects into the InvIT initially. It would be a test case for the recently
allowed trusts owning income-generating assets to raise capital for the infrastructure build-up in Asia's third largest economy. InvITs are trusts that behave like
mutual funds offering individual and institutional investors regular yields and liquidity, which are often inflation-indexed. Earlier this year, the government tweaked
guidelines allowing it easier for InvITs and real estate investment trusts (REITs) to list on Indian bourses to attract foreign investors into the cash-starved infra and
realty sectors. Adani Group and GMR Infra are among the other companies evaluating the possibility of listing InvITs.
PNB Housing Finance IPO: India's fifth-largest home loan firm eyes expansion
PNB Housing Finance, which is on course with its Rs. 2,500 crore, initial public offering (IPO), is planning to widen its footprint from a predominantly North India-based
business to smaller towns and cities. Currently, the company generates a substantial portion of its revenues from Delhi, Punjab, Haryana, Rajasthan, Uttar Pradesh and
Chandigarh, which accounted for about 40 percent of its total loan portfolio as of March 31, 2016, according to its draft prospectus. T he expansion from these states will
see the fifth-largest Indian home loan company venture into areas with comparatively lower population. The company had opened new branches in Vishakapatnam,
Vijaywada, Hyderabad, Nasik, Surat, Thrissur, Vadodara, Bhiwadi and Faridabad during the financial year 2015-16 and wants to continue with the game plan.
NSE sticks to IPO plan to give shareholders exit options
The National Stock Exchange of India (NSE) will adhere to its plan of going public early next year so that it can give shareholders an opportunity to exit. NSE, the
nation's biggest equities bourse, has set up a panel to help with the plan to file an offer document with the regulator for listing domestically by January.. Investorsincluding Tiger Global Five Holding, Norwest Venture Partners X FII - Mauritius and State Bank of India-have urged the bourse to speed up plans to list. The company is
also pushing ahead with its aim of a listing abroad. That will help enhance NSE's profile and expand its global reach.
Adi Godrej plans IPO to cash in on India's craze for milk
Billionaire Adi Godrej is considering an initial public offering of his group's animal-feed unit, the largest producer in India, as business thrives in the biggest milkdrinking country in the world. Godrej Agrovet Ltd. may be listed in the future, group Chairman Godrej said in a recent interview in Mumbai, without providing details
on the timing or valuations. Agrovet, which made two acquisitions last year, is growing very rapidly and is open to more purchases domestically, he said. Profits at
Agrovet have since doubled, surging to 2 billion rupees in the year ended March 2015 amid rising demand for food in the world's second-most populous nation,
according to data compiled by Bloomberg. Revenue climbed more than 20 percent to 34.65 billion rupees during that period.
SEBI approves RBL Bank's long pending IPO
Private sector lender RBL Bank has received capital markets regulator SEBI's approval for its long-pending IPO for which it had filed draft papers nearly a year ago. The
bank, which had filed draft papers with SEBI in June last year, seeking approval to float IPO, received clearance from the regulator on July 27. The SEBI withheld
approval to RBL's IPO as the regulator was examining past violation by the private sector lender. RBL's IPO plans was hanging in balance for a long time due to the
outstanding cases. The approval comes after SEBI settled an outstanding case against the lender for alleged violation of disclosure norms with regard to an earlier
issuance of shares to select investors for over `600 crore. RBL Bank had reportedly raised ? 488 crore in a pre-IPO round of fund raising last year. The proceeds of the
IPO would be used to shore-up the equity capital base, to meet future capital requirements and to ensure compliance with Basel III and other Reserve Bank's
guidelines. According to RBL Bank (formerly Ratnakar Bank Ltd), the listing of equity shares will enhance the visibility and brand name among existing and potential
customers. Kotak Mahindra Capital Company, Axis Capital, Citigroup Global Markets India and Morgan Stanley India Company are the global coordinators, while HDFC
Bank, ICICI Securities, IDFC Securities, IIFL Holdings and SBI Capital Markets are the book running lead managers of the issue. The settlement involved payment of
`47.6 lakh towards 'monetary settlement charges', as also a commitment by the bank that it would give an exit opportunity in its IPO to the investors to whom shares
were issued earlier in rights issues. As per the draft papers, the IPO comprises fresh issue of equity shares worth `1,100 crore and offer for sale of up to 17,568,408
scrips by existing shareholders including Beacon India Private Equity Fund and GPE (India) Ltd.
IPO TRACKER
Company
Sector
Advance. Enzyme.
L & T Infotech
Quess Corp
Mahanagar Gas
Parag Milk Foods
Ujjivan Fin.Ser.
Thyrocare Tech.
Equitas Holdings
Infibeam Incorp.
Bharat Wire
Health.Global
Quick Heal
Team Lease Serv.
Precision Camshf
Chemicals
IT - Software
IT - Software
Gas Distribution
Dairy
Finance
Healthcare
NBFC
IT - Software
Metal
Healthcare
IT software
Services
Auto Ancillary
411.00
1243.00
400.00
1039.64
767.00
870.00
480.00
2177.00
450.00
70.00
650.00
451.30
273.68
410.00
List Date
1-Aug-16
21-Jul-16
29-Jun-16
21-Jun-16
19-May-16
10-May-16
9-May-16
21-Apr-16
4-Apr-16
1-Apr-16
30-Mar-16
18-Feb-16
12-Feb-16
8-Feb-16
Issue Price
896.00
710.00
317.00
421.00
215.00
210.00
446.00
110.00
432.00
45.00
218.00
321.00
850.00
186.00
List Price
Last Price*
1210.00
666.60
499.00
540.00
215.70
227.00
662.00
144.00
458.00
47.35
209.80
304.95
860.00
163.10
1363.65
680.45
622.60
516.10
315.90
448.85
552.45
172.65
758.35
42.80
204.45
266.50
1065.05
136.70
%Gain/Loss(from
Issue price)
52.19
-4.16
96.40
22.59
46.93
113.74
23.87
56.95
75.54
-4.89
-6.22
-16.98
25.30
-26.51
15
12M
18M
24M
36M
45M
48M
60M
84M
8.55
8.65
8.65
8.65
8.65
8.65
13M=8.75%
(FOR TRUST ONLY)
14M=8.75%
MIN.
18M=8.85%
(FOR WOMEN ONLY)
40M=8.90%
INVESTMENT
0.25% FOR SR. CITIZEN, 0.10% FOR
MUMBAI-75000,
OTHER-50000/-
13M=50000;
14M=10000;
8.75
8.75 -
8.75
8.75
8.00 -
8.00
8.00
8.00
10,000/-
1000/-
30M=8.15
22M=8.2044M=8.20
HDFC PREMIUM DEPOSIT FOR TRUST & INSTITUTION (UPTO RS. 10 CR.)20M=8.10
40M=8.10
8.05
8.05
8.05 -
8.05
8.05
7.70
7.70
7.70 -
7.70
7.55
7.55
10000/-
HUDCO LTD.(TRUST/CO/INSTITUTION)
7.50
7.50
7.50 -
7.50
7.50
7.50
10000/-
10
8.50
8.50
8.50 -
8.25
8.25
10000/-
11
8.00
8.00
8.10
8.15 -
8.25
11
8.45
8.45
8.45 -
8.45
8.45
12
Omaxe Ltd.
11.50
12.00
12.45 -
12
8.00
8.00
8.25 -
8.25
8.25
8.25
13
14
8.25
8.25
8.50 -
8.75
15
8.25
8.25
8.50 -
8.75
15M=8.05
22M=8.05
30M=8.35
44M=8.45
10000/-
50000/-
20000/-
8.75
5000/-
8.75
5000/
Interest structure may be revised by company from time to time. Pls confirm Interest rates before submitting the application.
* For Application Greater Than Rs. Fifty Lakhs Or equal to Fifty Lakhs, Please Contact to Head Office.
* Email us at fd@smcindiaonline.com
16
MUTUAL FUND
Performance Charts
EQUITY (Diversified)
Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns
Returns (%)
Scheme Name
3M
6M
1Y
Risk
3Y
Since
Std.Dev Beta
NAV
Launch
QAAUM
Jenson
LARGE
MID
(`)
Date
(` Cr.)
SMALL
DEBT &
CAP
CAP
CAP
32.25
12-May-2006
156.53
16.55
29.86
16.17
30.07 12.12
2.28
0.89
OTHER
0.35
38.15
38.73
10.36
29.49
31-May-2007
203.96
17.94
27.23
14.55
38.19 12.49
2.41
0.85
12.75
0.36
5.77
74.22
8.57
11.44
48.72
14-Jun-2007
2680.20
13.51
24.72
12.65
51.86 18.90
2.64
0.91
0.48
N.A
69.21
22.69
8.10
45.14
13-Jan-2006
2886.58
13.08
22.34
12.02
43.11 15.33
2.17
0.80
0.35
10.65
59.91
12.43
17.01
13.22
Launch
12.40
30-Oct-2014
161.88
19.41
25.72
10.34
N.A
12.96
2.21
0.87
0.15
66.53
17.09
3.17
17.05
12-May-2014
326.81
17.39
20.28
10.33
N.A
27.00
2.49
0.85
0.29
N.A
75.65
17.95
6.40
755.12
01-Dec-1993 3933.89
13.05
21.59
9.31
36.28 20.99
2.06
0.79
0.32
28.52
57.23
N.A
14.25
Launch
Date
10-Feb-1995
QAAUM
(` Cr.)
2797.01
3M
6M
1Y
3Y
11.53 17.65
8.21
24.09
Since
Launch
21.21
Std.Dev
NAV
(`)
624.49
1.68
0.19
10.87
29-Jul-2015
211.64
10.36 15.48
7.96
N.A
8.53
1.83
0.10
64.11
5.12
N.A
30.77
20.21
05-Nov-2014
265.19
10.21 17.85
7.01
N.A
7.88
1.65
0.11
42.51
20.79
1.51
35.20
34.39
BALANCED
Returns (%)
Scheme Name
Risk
Jenson
MID
CAP
22.87
SMALL
CAP
0.01
DEBT &
OTHER
33.65
43.75
08-Jun-2005
2369.77
10.13 14.56
6.39
24.28
14.13
1.73
0.14
50.59
10.94
4.09
98.94
10-Dec-1999
1016.10
8.88
14.48
6.05
23.25
14.75
1.53
0.20
54.86
10.59
N.A
34.55
138.46
20-Jan-1995
1374.21
11.54 17.16
6.03
19.19
16.11
1.63
0.10
46.76
23.25
2.58
27.42
100.69
03-Nov-1999
2791.56
10.92 16.58
5.96
23.13
14.77
1.66
0.14
54.14
17.18
1.25
27.43
NAV
Launch
QAAUM
INCOME FUND
Returns (%)
Scheme Name
ICICI Prudential Dynamic Bond F - Prem Plus - G
ICICI Prudential LTP - Growth
HDFC Income Fund - Growth
ICICI Prudential Income Fund -Growth
Kotak Bond Scheme - Plan A - Reg - G
BNP Paribas Flexi Debt Fund - Plan A - G
Reliance Dynamic Bond Fund - Growth
(`)
Date
18.29
19.08
36.02
49.29
44.57
18.36
21.22
14-Jan-2010
20-Jan-2010
11-Sep-2000
09-Jul-1998
25-Nov-1999
13-Feb-2009
15-Nov-2004
(`Cr.)
908.38
839.77
2964.98
3205.75
4191.67
393.69
5366.60
Risk
Annualised
Since
Std.
1W
2W
1M
6M
1Y
3Y
Launch
Dev.
9.80
14.11
15.59
12.14
11.55
14.21
11.18
22.88
28.94
39.92
29.15
28.80
31.13
31.38
29.43
34.65
40.18
34.22
35.96
33.79
34.21
18.27
21.69
20.63
21.44
20.14
16.59
17.07
13.49
13.06
12.38
12.25
11.59
11.53
11.51
12.06
13.21
10.50
10.48
9.84
10.48
10.43
9.64
10.38
8.39
9.22
9.36
8.46
6.63
22.69
28.82
27.35
29.19
29.02
21.75
26.15
0.25
0.19
0.17
0.16
0.14
0.19
0.16
Yield till
8.27
7.78
7.88
8.05
8.05
7.89
7.90
Due to their inherent short term nature, Short term funds and Ultra short term funds have been sorted on the basis of 6month and 3month returns respectively
Returns (%)
Scheme Name
Average
Sharpe
NAV
Launch
QAAUM
Risk
Since
Average
Sharpe
Yield till
(`)
Date
1Y
3Y
Launch
Dev.
19.40
08-Apr-2009
12.69
11.93
9.46
24.04
0.22
6442.25
7.60
54.17
27-Apr-1997
12.26
10.95
9.16
27.72
0.17
5975.05
7.96
19.79
27-May-2008
376.91
12.27
10.18
8.68
17.75
0.17
3055.05
7.90
183.45
22-Jun-2009
11.33
10.99
8.89
12.63
0.28
2087.80
8.12
8.76
7.18
6M
Std.
(`Cr.)
1W
Annualised
2W
1M
17.68
01-Jan-2010
3961.68
11.11
10.25
9.03
11.80
0.26
1689.43
8.00
25.85
24-Apr-2003
10.24
10.51
7.41
9.94
0.29
1876.11
8.41
30.91
06-Feb-2002
9.79
9.96
8.09
10.65
0.21
2233.80
8.51
Average
Yield till
NAV
Launch
Since
Std.
Dev.
Risk
(`)
Date
(`Cr.)
1W
Annualised
2W
1M
1Y
3Y
Launch
34.88
29-Dec-1998
373.28
5.73
8.88
10.03
7.35
4.00
0.42
846.80
7.72
17.37
26-Jul-2010
1749.86
9.47
10.03
9.59
4.83
0.48
386.90
9.76
Scheme Name
QAAUM
3M
Sharpe
17.23
12-Jun-2009
6639.27
6.33
9.20
9.46
7.91
5.70
0.36
799.35
7.98
272.81
05-Jun-2003
1915.00
7.95
9.43
13.29 10.04
9.27
9.59
7.91
3.89
0.50
569.40
7.71
173.35
23-Jun-2009 13606.00
7.54
9.75
11.99
9.69
9.08
9.57
8.03
3.05
0.64
503.70
8.12
1932.14
06-Mar-2008
2064.27
8.65
10.03 11.26
9.68
9.01
9.27
8.14
4.89
0.44
255.50
9.32
295.33
27-Sep-2002 16042.90
7.49
8.99
9.54
8.87
9.50
8.12
2.95
0.59
335.83
7.94
10.97
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 04/08/2016
Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%
18
"Hair & scalp analysis session" by Richfeel held on 29 July at SMC head office, pusa road New Delhi.