Daily Archives: Monday January 7th, 2019

Reserve Bank can give 40,000 cr


Mumbai – By the end of this financial year, the Reserve Bank of India (RBI) can give interim dividend of 30,000 to 40,000 crore rupees. With the transfer of the dividend to RBI, the government will help in dealing with the situation of deficit. Due to the lack of tax collection, the government is facing the situation of deficit.
Explain that due to alleged controversy with the government on dividend payments and other issues, Urjit Patel resigned from the post of RBI governor. After Patel’s resignation, Shatakantant Das has been made Governor of RBI.
The government and the RBI have also constituted a committee of experts, who are contemplating to fix the necessary capital limits for the RBI. It is reported that till the end of March, the government will get a dividend of more than Rs 30,000 crore. There has been no comment from RBI on this issue, while the Finance Ministry has not responded to this news.

Sensex closes with rise of 155 points

nifty plus

The Bombay Stock Exchange was not able to maintain its momentum on the first day of the week, though the two major indices closed at the end of the business. At the end of the trading, the Sensex closed 150 points higher at 35,850, while the Nifty also climbed nearly 49 points to close at 10777 levels.
The IT stocks in the business are bullish. At the same time, pharma, metal and PSU bank index closed in the red mark on the Nifty. In the business, Axis Bank and Infratel are up nearly 3% faster, while IndiBus 5% and Bajaj Auto are falling nearly 3%. The rupee appreciated by 30 paise to close at 69.42 against the dollar, which later strengthened to 69.30 dollars a dollar. Fast shopping in the IT sector supported the market.
The shares of Axis Bank, Tata Motors, Infosys, Maruti, NTPC, ONGC and Tata Consultancy Services (TCS) were among the top gainers. However, stocks like India Bulls, Bajaj Auto, Bajaj Finance, Sun Pharma, State Bank of India (SBI), Yes Bank and Hero MotoCorp declined. On the other hand, another IL & FS group IL & FS group struggling with debt crisis, IL & FS Transportation Network said on Monday that it could not pay the timely payment of 7.12 crore rupees as dividends. The company told the stock market that this dividend is related to some irrevocable, redeemable preferential shares. The company has said that it has not been able to give dividends of one year from April 2017 to December 23, 2018 due to lack of funds.

In today’s business, Bharat Forge dropped by 4%. Global research firm CLSA has reduced the target of Bharat Forge from Rs 680 to Rs 420, after which the environment worsens about the stock and the stock has broken up to about 4 per cent in the business. Titan shares were up 4 per cent and it reached 964 rupees. In it Morgan Stanley and City advised to buy.

Better returns in Dairy and FMCG sector

Stock Market Trading Education Kanpur

MUMBAI- Recently, companies have hoped to get good investment in the shares of Dairy and FMCG sector due to the sudden increase in the value of the products by the companies and due to the reduction in the weight of the pack by some companies. Allara Capital has advised to invest in selected stocks of these two sectors in its report.

Ellara Capital estimates an increase of 8-12% in the volume of the Nestle, Britannia and Hindustan Unilever in the FMCG sector. Because these companies have increased prices of products by 5% in the third quarter of the financial year 2019. Although Emami, GCPL, Colgate etc. have seen slowness in their volume. Allara Capital believes that stocks in Nestle, Britannia and Hindustan Unilever can get good returns in the current level.

Similarly, this brokerage house has advised to invest in the Heritage Foods’ stock in the dairy sector. The company has estimated sales growth of 7% on an annual basis and an increase of 15% in Ibitia. This is the guess because of the lack of milk prices. Its net profit is estimated to increase by 26 percent.

The report of Allara Capital says that Britannia has reduced the prices of 17 percent of the price, which has come to the extent of Amul’s price. Hindustan Unilever has increased prices of all major brands except Surf.

Higher Delivery Quantity (07/09/2019)

TRENT 547845 28709 351
TATAMETALI 109223 9104 631.05
VBL 292371 29282 811.70
VMART 30583 3087 2515.15
GULFOILLUB 45186 4593 838.50
THOMASCOOK 456240 46861 234.90
ATUL 28349 3461 3449
SOMANYCERA 269253 40422 367.70
THERMAX 88109 14139 1145.10