2013: issue 374, week: 10th - 13th june wise m ney · 2016-12-12 · save life. donate blood. ®...
TRANSCRIPT
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2013: Issue 374, Week: 10th - 13th JuneA Weekly Update from SMC(For private circulation only)
WISE M NEY
(Saurabh Jain)
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
Fixed Deposit 16
Mutual Fund 17-18
EDITORIAL STAFF
Editor Saurabh Jain
Executive Editor Jagannadham Thunuguntla
+Editorial Team
Dr. R.P. Singh Nitin Murarka
Vandana Bharti Tejas Seth
Sandeep Joon Dinesh Joshi
Vineet Sood Shitij Gandhi
Dhirender Singh Bisht Subhranil Dey
Parminder Chauhan Ajay Lakra
Mudit Goyal
Content Editor Kamla Devi
Graphic Designer Pramod Chhimwal
REGISTERED OFFICES:
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MUMBAI OFFICE:
Dheeraj Sagar, 1st Floor, Opp. Goregaon sports Club, Link Road
Malad (West), Mumbai 400064
Tel: 91-22-67341600, Fax: 91-22-28805606
KOLKATA OFFICE:
18,Rabindra Sarani, Poddar Court, Gate No-4, 4th & 5th Floor,
Kolkata-700001
Tel : 91-33-39847000/39801300, Fax No : 91-33-39847004
AHMEDABAD OFFICE :
10/A, 4th Floor, Kalapurnam Building, Near Municipal Market,
C G Road, Ahmedabad-380009, Gujarat
Tel : 91-79-26424801 - 05, 40049801 - 03
CHENNAI OFFICE:
2nd Floor, Mookambika Complex, 4, Lady Desikachari Road,
Mylapore, Chennai-600004
Tel: 91- 44 - 39109100 Fax: 91- 44 - 39109111
SECUNDERABAD OFFICE:
206, 3rd Floor, above CMR Exclusive, Bhuvana Towers, S.D.Road,
Secunderabad - 500003
Tel: 91-40-30780298/99, 39109536
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Printed and Published on behalf of
Mr. Saurabh Jain @ Publication Address
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lobal stock markets mirrored the concerns that the U.S. Federal Reserve
would lower down the monthly bond purchases. European markets too Gcame off after European Central Bank Chief Mario Draghi did not announce
any additional stimulus and maintained the status quo. Moreover, ECB lowered the
guidance for economic expansion marginally for the current year 2013 to 0.6%
contraction and 1.1% expansion in 2014.
Japanese stock markets are seeing profit booking since last three weeks after sharp
run since November last year. Japanese local currency yen also strengthened
considerably after prime minister Taro Aso said that the government would not
intervene in the currency market. Long awaited Prime Minister Shinzo Abe fiscal
policies called “third arrow” failed to lift up the sentiments as the revival plan that
he spoke about would begin after several months.
Back at home, citing gold imports as a major cause for the depreciation in the local
currency to the level of 57 to a dollar, government and Reserve Bank of India (RBI)
together took some serious steps to curb Gold imports. Indian government raised
the import duty by 2 percentage points to 8%. On the contrary, RBI restricted gold
imports on consignment basis and that too on Documents against Payment. As a
matter of fact, gold is the second highest item after crude of the India's import bill.
These steps are expected to yield positive results and stem the current fall in the
rupee.
On the commodities front, bullion counter may remain in range as it has been
affected mostly on the speculations of Fed's tapering of QE measures. Encouraging
US economic data like better consumer confidence have raised concerns about an
early exit from QE3 while disappointing data such as jobless report spurred
speculations of continuation of the measures. Upside momentum in Crude oil can
persist while investors will try to get further cues from tensions in the Middle East
and inventory position along with the outcome of key economic indicators from US
and euro zone. This week investors will have close eye on the various economic data
such US advance retail sales, US Michigan confidence and Euro zone industrial
production. China will be closed from 10th to-12th June on account of Dragon Boat
festival holidays. China industrial production data will give further direction to the
base metals pack. In agro pack, rise in domestic demand ahead of the festive season
and improved export queries may continue to support Jeera prices. Indian
production is expected to be 28-30 lakh bags, translating to more than 1.5 lakh
tonnes this year.
From The Desk Of Editor
4
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) S1 & S2 indicate first support & second support respectively & R1 & R2 indicate first resistance and second resistance respectively.
3) 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.
TREND SHEET
Stocks Closing Trend Date Rate S1 R1 S2 R2 Cl.
Price Trend Trend S/l
Changed Changed
SENSEX 19519 UP 02.05.13 19736 19500 19100 18800
S&P NIFTY 5921 UP 02.05.13 5999 6000 5900 5770
CNX IT 6452 DOWN 17.04.13 6236 6550 6700 6850
CNX BANK 12398 UP 25.04.13 12727 12600 12200 11900
ACC 1208 DOWN 17.01.13 1359 1230 1260 1300
BHARTIAIRTEL 295 UP 09.05.13 325 310 300 290
BHEL 192 DOWN 01.11.12 227 195 205 210
CIPLA 376 DOWN 30.05.13 383 385 395 405
DLF 203 DOWN 21.03.13 239 220 230 240
HINDALCO 103 UP 16.05.13 111 105 101 98
ICICI BANK 1155 UP 25.04.13 1177 1140 1110 1090
INFOSYS 2430 DOWN 17.04.13 2284 2450 2550 2650
ITC 335 UP 04.03.11 172 315 305 300
L&T 1432 DOWN 23.05.13 1418 1460 1480 1500
MARUTI 1587 UP 17.04.13 1494 1640 1600 1560
NTPC 151 UP 02.05.13 160 152 148 145
ONGC 324 UP 17.04.13 329 320 315 310
RELIANCE 792 DOWN 28.02.13 814 830 850 860
TATASTEEL 295 DOWN 07.02.13 390 320 330 340
NEWS
EX DATE SYMBOL PURPOSE
10-JUN-13 TORNTPHARM FINAL DIVIDEND RS.7/- PER SHARE AND
SPECIAL DIVIDEND RS.10/- PER SHARE
11-JUN-13 TATACOFFEE DIVIDEND RS 7.50/- PER SHARE
12-JUN-13 INGVYSYABK DIVIDEND RS 5.50 PER SHARE
13-JUN-13 TORNTPOWER DIVIDEND-RS.2/- PER SHARE
13-JUN-13 HDFCBANK FINAL DIVIDEND RS.5.50/- PER EQUITY
SHARE
13-JUN-13 PNB FINAL DIVIDEND RS.27 PER EQUITY SHARE
13-JUN-13 J&KBANK DIVIDEND RS.50/- PER SHARE
13-JUN-13 BANKBARODA DIVIDEND - RS.21.50/- PER EQUITY SHARE
14-JUN-13 VIPIND DIVIDEND @ RE 1 PER EQUITY SHARE
14-JUN-13 SYNDIBANK DIVIDEND RS.6.70/- PER SHARE
17-JUN-13 INDUSINDBK DIVIDEND RS.3/- PER EQUITY SHARE
17-JUN-13 UCOBANK DIVIDEND RS.1.60 PER SHARE
20-JUN-13 IOB FINAL DIVIDEND RS.2/- PER EQUITY SHARE
20-JUN-13 NIITTECH DIVIDEND RS.8.50 PER SHARE
20-JUN-13 BANKINDIA DIVIDEND - RS.10/- PER EQUITY SHARE
20-JUN-13 SOUTHBANK DIVIDEND RE 0.70 PER EQUITY SHARE
20-JUN-13 CENTRALBK DIVIDEND RS 2.50 PER EQUITY SHARE
20-JUN-13 UNIONBANK DIVIDEND RS.8/- PER SHARE
21-JUN-13 DABUR FINAL DIVIDEND RE.0.85/- PER EQUITY SHARE
24-JUN-13 INDIANB DIVIDEND RS.6.60 PER SHARE
26-JUN-13 KTKBANK DIVIDEND RS.4/- PER SHARE
27-JUN-13 WIPRO FINAL DIVIDEND RS.5 PER EQUITY SHARE
27-JUN-13 HDFC DIVIDEND RS 12.50 PER EQUITY SHARE
FORTHCOMING EVENTS
DOMESTIC NEWS
Economy
• A survey by Markit Economics and HSBC Bank showed that the purchasing managers' index for the Indian service sector rose to 53.6 in May from 50.7 in April, marking the fastest improvement in operating conditions since February. PMI readings above 50 suggest expansion, and those below indicate decline.
Oil & Gas
•GAIL India Ltd signed an agreement with national flag carrier Shipping Corp of India (SCI) for transporting liquid gas (LNG) from US. SCI will help GAIL charter ships to move 5.8 million tons a year of liquefied natural gas (LNG) that the state-run gas firm has contracted from Sabine Pass and Cove Point terminals in US.
Edible Oil
•Ruchi Soya Industries has announced a joint venture with J Oil Mills Inc, Japan and Toyota Tsusho Corporation, Japan to manufacture and process specific high quality value added edible oils. Ruchi Soya will have 51% stake in the joint venture while J oil will have 26% and TTC will have 23 % stake.
Automobile
•Mahindra & Mahindra (M&M) launched its first indigenously developed premium hatchback, Vibe, to challenge market leader Maruti Suzuki.
Engineering
•Larsen & Toubro (L&T) has bagged a office building construction order at Ahmedabad and Bangalore. Further, the company's water and renewable energy business has secured orders worth Rs 806 crore of which Rs 700 crore is for the turnkey EPC of a solar photovoltaic power plant in Tamil Nadu.
Information Technology
•Persistent system has entered into a strategic partnership with Syscare Techology, a Moroccon IT company. Persistent expands its activities in Moroccon, providing software development and technology services and support to its clients in Africa and the Mediterranean region.
•Titan Industries Limited is planning a capital expenditure of Rs 450 crore in 2013-14 on retail expansion and new manufacturing units, a growth of three times over last year.
Pharmaceutical
•Sun Pharmaceutical Industries has received final approval from the United States Food and Drug Administration for its Abbreviated New Drug Application for generic version of Depo-Testosterone Injection, Testosterone Cypionate Injection USP, 100 mg/ml and 200mg/ml.
•RPG Life Sciences Ltd has sold the leasehold rights on its surplus land admeasuring 14,148.90 square meters, situated at TTC Industrial Area, Village Pawane, Navi Mumbai to Maruti Suzuki India Ltd., New Delhi for consideration of Rs. 76.91 crores.
•Cadila Healthcare Ltd received regulatory approval to market a new diabetes drug in India that it developed and is aiming for more than $1 billion in sales globally.
Retail
•V-Mart Retail has opened a new store located at Mathurapur Ghat, Narga, Samastipur, Bihar.
Distilleries
•Tilaknagar industry has entered into an agreement with Mohan Breweries and Distillers for assignment of MBDL trademarks namely, Brigadiers No. 1 brandy and 'Vorion No. 1' Indian brandy, for a period of 25 years.
INTERNATIONAL NEWS
•US factory orders increased by 1.0 percent in April compared to a revised 4.7 percent decrease in March. Economists had been expecting orders to rise by 1.5 percent.
•US initial jobless claims dropped to 346,000, a decrease of 11,000 from the previous week's revised figure of 357,000. Economists had been expecting jobless claims to dip to 345,000 from the 354,000 originally reported for the previous week.
•Growth in the U.S. service sector continued at a slightly faster rate in the month of May. US non-manufacturing index edged up to 53.7 in May from 53.1 in April, with a reading above 50 indicating growth in the service sector. Economists had expected the index to climb to 53.5.
•The European Central Bank left its key interest rate unchanged, after a reduction in the previous month. The Governing Council led by ECB President Mario Draghi maintained the main refinancing rate at a record low 0.50%, in line with economists' expectations. The move came after a quarter-basis point reduction in May, the first rate cut in nine months.
®
5
BSE SENSEX GAINERS & LOSERS TOP (% Change) NSE NIFTY GAINERS TOP & LOSERS (% Change)
SECTORAL INDICES (% Change)
SMC Trend
SMC Trend
FMCGHealthcare
FTSE 100CAC 40
Auto BankRealty
Cap GoodsCons Durable
Oil & GasPower
NasdaqDow jonesS&P 500
NikkeiStrait times
Hang SengShanghai
INSTITUTIONAL ACTIVITY (Equity) (` Crore)
ITMetal
Down SidewaysUp
SMC Trend
Nifty BSE Midcap Nifty JuniorSensex BSE Smallcap S&P CNX 500
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
®
-1.08-1.22
0.54
0.89
-0.60
-1.50
-1.00
-0.50
0.00
0.50
1.00
Nifty Sensex BSE Midcap BSE Smallcap
Nifty Junior S&P CNX 500
-0.92
-0.50 -0.50
-6.32
-3.56
-2.47 -2.54
-3.75
-3.40
-7.00
-6.00
-5.00
-4.00
-3.00
-2.00
-1.00
0.00
Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.
FTSE 100 CAC 40
-1.09
-0.60
0.37
-3.12
-0.76
0.55
-0.39
-0.03
-1.04 -1.06
1.29
-3.50
-3.00
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
0.50
1.00
1.50
2.00
Auto Index Bankex Cap Goods Index
Cons Durable Index
FMCG Index Healthcare Index
IT Index Metal Index Oil & Gas Index
Power Index Realty Index
-497.00
415.10
265.20
160.00
-17.80
-188.10
-40.50-80.40
-600.00
-400.00
-200.00
0.00
200.00
400.00
600.00
Friday Monday Tuesday Wednesday
FII Activity MF Activity
5.80
4.013.58
2.59 2.44
-5.18 -5.07 -5.00-4.39 -4.14
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
Reliance Infra.
DLF Bank of Baroda
I D F C M & M Hero Motocorp
H D F C Asian Paints Sesa Goa B H E L
2.51
1.90 1.90
1.27 1.18
-5.13 -5.07
-4.07-3.88
-3.10
-6.00
-5.00
-4.00
-3.00
-2.00
-1.00
0.00
1.00
2.00
3.00
M & M Dr Reddy's Labs
Larsen & Toubro
Cipla Tata Steel H D F C Hero Motocorp
Bajaj Auto B H E L Sterlite Inds.
Above calls are recommended with a time horizon of 1 year.
Beat the street - Fundamental Analysis
6®
7.747.94
12.62
68.44
3.28 Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
Face Value (`) 10.00
52 Week High/Low 922.10 / 659.00
M.Cap ( Cr.) 27388.62
EPS ( ) 139.52
P/E Ratio (times) 5.55
P/B Ratio (times) 0.88
Stock Exchange BSE
`
`
VALUE PARAMETERS
% OF SHARE HOLDING
PUNJAB NATIONAL BANK CMP: 763.95 Upside: 26%Target Price: 959
Investment Rationale December 2012 and 36.2% at end March 2012.
•Bank expects its credit-deposit growth to be 1-2% •Bank added new 304 branches and 215 ATMs in the above industry growth at 16-17% for FY2014, year ended March 2013, pushing up the branch while expects the growth to pick up from October network to 6313 branches and ATMs network to 2013 on account of low base. 5873 ATMs at end March 2013.
•Bank expects the pressure on restructuring to •The bulk deposits of the bank have dipped to ease in FY2014 and is confident to be well poised 12.5% in FY2013 from 23.3% in FY2012, while it for strong recovery. It restructured advances expects to completely move out of certificate of worth 6444 crore in the quarter ended March deposits in FY2014.2013 and 14052 crore in FY2013. The total Valuationadvances restructured stood at `32143 crore at The stock looks attractive on the back of easing end March 2013, while about 1616 crore of pressure on restructuring and better growth visibility. restructured advances have slipped to NPA. The bank has witnessed improvement in its asset
•The % GNPA declined 34 bps QoQ to 4.27%, while quality during the last quarter of FY13 and has also %NNPA dipped 21 bps QoQ to 2.35% at end March reduced the exposure to commercial real estate and 2013. %GNPA and %NNPA has increased 134 bps and NBFCs sector. We expect the stock to see a price 83 bps, respectively on YoY basis at end March target of 959 in one year time frame on a one year 2013. average P/B of 0.94x and FY14 (E) book value per
share of 1020.26.•Provision coverage ratio improved on sequential basis to 58.83% at end March 2013 up from 55.97% at end December 2012, while it was lower compared to 62.73% at end March 2012.
•Capital Adequacy ratio has stood at 12.72% with the Tier I capital of 9.76% at end March 2013 compared to 11.66% with the Tier I capital of 8.62% at end December 2012.
•The NIM of the bank improved 01 bp YoY and 04 bps QoQ to 3.51% in the quarter ended March 2013, aided by sharp increase in CASA ratio and lower fresh slippages. Share of CASA ratio surged to 40.86% at end March 2013 from 38.44% at end
``
`
`
`
` in cr
Particular Mar 2013 Mar 2014 Mar 2015
Revenue 1,907.24 2,132.21 2,443.18
Pre-Tax Profit 652.18 780.22 912.93
Net Profit 474.77 542.67 633.48
EPS 139.52 154.04 179.65
BVPS 884.04 1,020.26 1,165.42
ROE 15.70 15.82 16.45
P/BV Chart
Face Value (`) 10.00
52 Week High/Low 629.70/432.00
M.Cap (`Cr.) 34540.93
EPS (`) 59.71
P/E Ratio (times) 9.62
Stock Exchange BSE
` in cr
Particular Mar 2013 Mar 2014 Mar 2015
Revenue 9,545.78 11,344.96 12,190.13
EBITDA 4,627.77 5,283.70 5,833.86
EBIT 3,779.61 4,190.40 4,703.21
Pre-Tax Profit 5,288.02 5,696.04 6,261.60
Net Profit 3,592.05 3,790.34 4,107.54
EPS 59.75 63.09 68.52
BVPS 319.59 365.35 403.46
ROE 19.43 18.22 26.87
VALUE PARAMETERS
% OF SHARE HOLDING
Investment Rationale •Brahmaputra Cracker and Polymer (BCPL), a government of India enterprise, is likely to •Oil India is a public sector oil and gas company commence operations from January 2014. Oil under the administrative control of the Ministry of India company has tied up for supply of 1.35 Petroleum and Natural Gas, Government of India MMSCMD of gas to BCPL at the Administered (GoI). The GoI holds 68.43% stake in Oil India (as per Pricing Mechanism (APM) rate.the shareholding pattern as on 31 March 2013). The
company did a capex of `2806 crore in FY'13. For •Net profit of the company rose 71.88% to `764.55 FY'14 it expects a capex of `3581 crore. The crore in the quarter ended March 2013 as against company expects crude oil production of 3.95 `444.81 crore during the previous quarter ended Million Metric Tonnes (mmt) and gas production of March 2012. Sales rose 38.20% to ̀ 2376.58 crore in 2.74 Billion Cubic Metres (BCM) in FY'14. the quarter ended March 2013 as against ̀ 1719.72
crore during the previous quarter ended March •The management expects subsidy burden to come 2012.down in coming years and for this year it would be
around USD 56/bbl. Valuation
•The company has commissioned on 31st March, Due to its strong operational foothold steady 2012 a 13.6 MW Wind Turbine Plant in Jaisalmer production growth, high share of oil in its reserve and District of Rajasthan and additional capacity of 54 its strong resource base poses considerable triggers MW during FY'13 resulting to total capacity of 67.6 for volume growth. We expect the stock to see a price MW. The plants are successfully connected to target of ̀ 683 in one year time frame on target P/BVx Power Grid of RRVUNL (Rajasthan Rajya Vidyut of 1.87x on FY14(E) BVPS of ̀ 365.35.Utpadan Nigam Ltd) and started generating revenue during FY14.
•The company has formed a wholly-owned subsidiary OIL INDIA (USA) INC on 26.09.2012 to acquire Oil & Gas assets in USA. The subsidiary has acquired 20% share in producing NIOBRARA Shale Oil assets in USA from M/s Carrizo (NIOBRARA) LLC on 04.10.2012. Revenue generation has started in subsidiary account.
•During FY'13, there has been 7 discoveries including heavy oil strike in Rajasthan NELP block. In KG Basin Block (NELP-VI) pre-drilling activities are in progress, 7 locations released for drilling. First well is expected to be drilled by June'13.
P/E Chart
OIL INDIA LIMITED CMP: 574.60 Upside: 19%Target Price: 683
Source: Company Website Reuters Capitaline
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1.35 1.85 2.35 2.85 Close Price
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0.75 1.34 1.94 2.53 Close Price
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317.98
18.94
0.03
1.04
57.88
4.14
Foreign
Institutions
Govt Holding
Non Promoter Corporate Holding
Promoters
Public & Others
Charts by Spider Software India Ltd
7
The stock closed at `86.55 on 06th June 2013. It made a 52-week low at 59.85
on 05th April 2013 and a 52-week high at 116.10 on 05th July 2012. The 200 days
Exponential Moving Average (EMA) of the stock on the weekly chart is currently
at 127.20.
Last week, it has completed its Inverted head and shoulder formation and is on
the verge of breakout with the confirmation of volumes in it. One can Buy in the
range of 85-87 levels with closing below stop loss of 79 levels for the target of 95-
100 levels.
`
`
`
EQUITY
Above calls are recommended with a time horizon of 1-2 months
The stock closed at 88.95 on 06th June 2013. It made a 52-week low at 81.45
on 03rd June 2013 and a 52-week high of 116.90 on 07th January 2013. The 200
days Exponential Moving Average (EMA) of the stock on the weekly chart is
currently at 99.84.
After rising up to 115 levels, it fell sharply and again rebounded from 85 levels
ultimately forming a double bottom, which is a bearish reversal. One can Buy in
the range of 86-88 levels with closing below stop loss of 80 levels for the target
of 98-103 levels.
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The stock closed at 142.45 on 06th June 2013. It made a 52-week low at
126.75 on 28th March 2013 and a 52-week high at 180 on 08th October 2012.
The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart
is currently at 128.88.
As we can see on the charts, it is trading above its 200 EMA, which acts as a
major support in technical terms. It has also negated the weakness in all the
other major counters last week, which also confirms its strength. One can Buy
140-142 levels with closing below stop loss of 136 levels for the target of 155-158
levels.
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Amtek Auto Limited
Petronet LNG Limited
Jagran Prakashan Limited
®
DERIVATIVES
BASIS GAP IN NIFTY
The Index witnessed sideways move throughout the week. Overall market cost-of-carry decreased on the back of addition in open interest suggesting addition
of short positions. The month of June began with good rollover with positive cost of carry indicating long carry forward. Nifty closed above 5900 levels, whereas
on the upside, it found resistance at 5980 levels. The scenario in the market currently remains bearish and range bound for short-term traders. Nifty June
futures closed with 15 points premium. Hereafter, the range of 5800-6000 will remain crucial in the near term. Breach below the 5900 mark could see the Index
declining sharply to 5750 levels. Put-call ratio of open interest closed at 1.06 indicating call writing. The options open interest concentration shifted to the
5900 strike put option with open interest of above 75 lakh shares. The 6100 call-option strikes have maximum IO of more than 55 lakh shares. The implied
volatility (IV) of call options closed at 16.00%. While the average IV of put options was 16.36%. The Nifty is struggling to cross 6000 mark; hence level of 5900
should be closely watched. If broken on closing basis than Nifty can slide to 5750 levels. Otherwise it is likely to hover in the range of 5900-6000 levels for the
week.
WEEKLY VIEW OF THE MARKET
NIFTY TOTAL OPEN INTEREST (in share)
FIIs ACTIVITY IN F&O IN LAST WEEK
(Derivative segment)
607300880600 769350
1598400
3782150
4675950
56713006152400
4010600
2139400
1440050
3053900
5002650 4887400
5862200
6725950
3427600
2035850
930400
455050
230550456400
0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
8000000
5500 5600 5700 5800 5900 6000 6100 6200 6300 6400 6500
Call Put
-20
-15
-10
-5
0
5
10
15
20
25
23-May 24-May 27-May 28-May 29-May 30-May 31-May 03-Jun 04-Jun 05-Jun 06-Jun
BUY28.3%
SELL71.7%
-1348.32
-480.38
-1194.79
-121.16
-648.38
132.94
713.82
1589.16
52.99
723.57
-1500.00
-1000.00
-500.00
0.00
500.00
1000.00
1500.00
2000.00
24-May 27-May 28-May 29-May 30-May 31-May 03-Jun 04-Jun 05-Jun 06-Jun
®
FIIs ACTIVITY IN F&O IN LAST TEN SESSIONS
(Derivative segment) `(Cr)
ABIRLANUVO (JUN FUTURE)
Buy: Above `1078
Target: `
Stop loss: `
1105
1064
HEROMOTOCOBuy JUN 1680 CALL 31.00Buy JUN 1600 PUT 30.00
Lot size: 125Upside BEP: 1741.00Downside BEP: 1539.00Max. Profit: UnlimitedMax. Loss: 7625.00 (61.00*125)
OPTIONSTRATEGY
FUTURESTRATEGY
IDEA
Buy JUN 125 PUT 3.00
Sell JUN 120 PUT 1.50
Lot size: 2000
BEP: 123.50
Max. Profit: 7000.00 (3.50*2000)
Max. Loss: 3000.00 (1.50*2000)
BIOCON ( FUTURE)
Sell: Below `278
Target: `269
Stop loss: `282
JUN
HDFCBuy JUN 860 CALL 12.00Buy JUN 820 PUT 15.00
Lot size: 250Upside BEP: 887.00Downside BEP: 793.00Max. Profit: UnlimitedMax. Loss: 6750.00 (27.00*250)
VOLATILITY STRATEGY
DERIVATIVE STRATEGIES
BEARISH STRATEGY
MCLEODRUSS (JUN FUTURE)
Buy: Above `326
Target: `338
Stop loss: `320
8
9
BHARTIARTL 8042000 8353000 3.87 0.75 0.97 0.22 34.96 34.95 -0.01
DLF 17347000 14933000 -13.92 0.29 0.70 0.41 48.03 48.55 0.52
HINDALCO 26462000 26136000 -1.23 0.80 0.65 -0.15 35.34 35.72 0.38
HINDUNILVR 8537500 8745000 2.43 0.88 1.00 0.12 10.02 15.71 5.69
ICICIBANK 5756000 5641500 -1.99 0.81 0.81 0.00 28.51 30.51 2.00
IDEA 4882000 7256000 48.63 0.54 0.32 -0.22 36.11 38.23 2.12
INFY 2381875 2673875 12.26 0.58 0.47 -0.11 30.65 26.07 -4.58
ITC 22318000 21968000 -1.57 0.54 0.42 -0.12 23.31 25.87 2.56
JPASSOCIAT 56204000 58104000 3.38 0.48 0.42 -0.06 53.36 54.13 0.77
NTPC 10112000 10090000 -0.22 0.37 0.32 -0.05 24.53 23.18 -1.35
ONGC 7436000 6989000 -6.01 0.66 0.71 0.05 27.73 30.05 2.32
RANBAXY 3827000 3675500 -3.96 0.44 0.67 0.23 41.85 46.73 4.88
RCOM 32068000 38520000 20.12 0.62 0.83 0.21 59.88 62.26 2.38
RELIANCE 10417750 11597250 11.32 0.43 0.44 0.01 26.20 26.08 -0.12
NIFTY 15162400 12450250 -17.89 1.14 1.06 -0.08 16.11 16.36 0.25
SAIL 17920000 17624000 -1.65 0.47 0.48 0.01 36.16 36.07 -0.09
SBIN 4874625 5541125 13.67 0.39 0.51 0.12 33.26 35.17 1.91
TATASTEEL 18681000 17404000 -6.84 0.50 0.55 0.05 34.00 31.54 -2.46
UNITECH 69050000 67170000 -2.72 0.43 0.36 -0.07 68.82 65.76 -3.06
IMPORTANT INDICATORS OF NIFTY AND OTHER ACTIVE FUTURE CONTRACTS
OPEN INTEREST PCR RATIO IMPLIED VOLATILITY
SCRIPTS PREV. CURRENT % PREV. CURRENT PREV. CURRENT WEEK WEEK CHANGE WEEK WEEK CHANGE WEEK WEEK CHANGE
DERIVATIVES
14
15
16
17
18
19
5800
5900
6000
6100
6200
6300
31-May 03-Jun 04-Jun 05-Jun 06-Jun
Nifty Close IV
Put Call Ratio Analysis : The Put-Call open interest ratio of Nifty has decreased
to 1.06 from 1.14. At the end of the week, the maximum stocks had a positive of
change in put call open interest ratio.
Implied Volatility Analysis : The Implied Volatility (IV) for Nifty futures this week
has increased to 16.36% from 16.11%. The IV of the stock futures has changed this
week ranging from -4.58% to 5.69%.
Open Interest Analysis : The open interest for the index at the end of this week
has decreased by 17.89% as compared to the previous week. All future stocks saw
changes in their open interest ranging from -17.89% to 48.63%. IDEA has the
maximum increase in open interest as compared to other stocks.
Statistical Analysis·
Open 6119.00 High 6119.00
Low 5932.35 Close 5936.85
NIFTY & IV CHART NIFTY ANALYSIS
®
10®
Crude oil prices may remain sideways in the range of 5200-5500 in MCX and $91-98 in NYMEX. Refinery utilization in the U.S. advanced to the highest since January and crude stockpiles dropped the most this year. Gasoline demand typically rises in the summer months as traveling increases. U.S. crude stockpiles slid by 6.3 million barrels last week, the most since December, the report from the Energy Information Administration showed. Refineries operated at 88.4 percent of capacity, up 2 percentage points to the highest level since the week ended Jan 4.The euro area economy should stabilize and recover at a subdued pace, Draghi said at a press conference after a meeting in which the central bank kept interest rates at a record low. The ECB predicted the economy will grow 1.1 percent next year after contracting 0.6 percent this year. U.S. domestic crude oil output inched ahead of imports last week for the first time since January 1997. Weekly U.S. crude oil imports averaged near 9.2 million barrels a day, topping domestic output by 3.5 million barrels a day, or more than 60%.Natural gas may slip further lower on burgeoning inventories and can test 210 in MCX. Natural gas inventories rose by 111 billion cubic foot for the week ended May 31. Total stocks now stand at 2.252 trillion cubic feet, down 616 billion cubic feet from the year-ago level and 69 billion cubic feet below the five year average.
ENERGY COMPLEX
Base metals complex may continue its recent gains but profit booking at higher levels cannot be denied. Red metal copper can trade in the range of 411-428. Signs of slowdowns in China and Germany are adding to concerns that global economic growth will ebb thereby investors should be cautious at the higher levels. Recently copper production was halted as Freeport mine in Indonesia suspended operations at the Grasberg complex on May 15, a day after a training tunnel, outside the mining area and around 500 meters (yards) from the entrance of the Big Gossan mine, caved in on 38 workers. Arizona based Freeport briefly resumed open-pit mining production on May 28, but after a worker was killed in a separate accident, the government asked the company to suspend operations until its investigation was completed. The probe was forecast to take up to three months. Yunnan Copper Industry Company, the fourth-largest producer of the metal in China, has shut a 100,000 tonne a year unit due to supply shortage of raw material scrap. Nickel prices can trade in the range of 820-900 in MCX. Aluminum prices may move in the range of 106-112 levels while Zinc prices can hover in the range of 105-110 in MCX. While battery metal, lead, can move in the range of 120-129. ILSCG anticipates that global lead usage will rise by 4.8% to 11.09 million tonnes in 2013. An expected increase in China of 6.7% will be driven primarily by further rise in automotive and e-bike production as well as the ongoing development of the mobile phone network.
BASE METALSOTHER COMMODITIES
The upside in Kapas futures (Apr'14) is expected to remain capped as the progress of monsoon has brightened the prospects of higher sowing this season. Cotton plantation reached 11.86 lakh hectares in Northern India & rains could bring more area under sowing. Moreover, the demand for yarn has been in limelight in these recent days. The Cotton Yarn Advisory Board (CYAB) has projected a 14.2 per cent increase in cotton yarn production to 4,000 million kg in 2013-14. Sugar futures (July) will possibly maintain its sweetness taking support above 3050 levels, while the upside may get extended towards 3170 levels. There are reports that the sowing area under sugarcane is likely to decline by 10% this season following shortage of water in major producing states. Market participants would be keeping a close watch on the sky especially in major pockets of the drought-affected districts of Maharashtra, Tamil Nadu and Karnataka. On the contrary, the demand is likely to increase with the rising temperatures across the country. As predicted by Indian Meteorological Dept., weather would be mainly dry over rest parts of the country, except some parts of northeastern states, west coast of India, some parts of east India, at one or two places over Madhya Pradesh & Chhattisgarh during the week. Chana futures (July) is expected to remain stable taking support above 3140 levels. Lower level buying in physical markets coupled with a weaker rupee curbing imports may keep the downside capped.
Jeera futures (July) may continue its sideways trend and may remain in the range of 13000-13600 levels. The downside may remain capped supported by a weaker rupee boosting expectations of exports amid tight global supplies. In the second largest cumin seed producer Syria, cumin seed production may decrease, while, yield in Turkey may be around 8,000-10,000 tonnes. Turmeric futures (July) is expected to test 5400 levels downside as the stockist at the spot markets have not yet received any upcountry orders. The price of the yellow spice across the country is almost on par & purchases from Andhra Pradesh have come down. The Inferior quality arrivals are coming to the market and buyers are purchasing a nominal quantity to fulfill their local orders. Chilli futures (July) is expected to hover in the range of 5600-5900 levels. The upside in the counter may resume above 5920 levels as the demand may come in mid June when market will reopen after one month summer break. Cardamom futures witnessing a multi-week fall will possibly remain in bearish zone as expectations of on-time arrivals due to recent good weather conditions may pressurize at higher levels. Further, there are reports that the Cardamom auction is likely to take a hit in the near future with several traders backing off from the floor. Only licensed traders are being allowed to take part in the auction process from June 1. Owing to this, tussles have broken out between licensed and non-licensed traders at various auction centres.
SPICES
Bullion counter may remain on volatile path and may move in range as US employment situation and movement of greenback will guide its sentiments. Gold may trade in the range of $1380-1460 in COMEX and 27000-28600 in MCX. White metal silver can also trade in the range of 42500-46000 in near term. On the domestic bourses weak local currency has supported the prices higher as it has tested 57 levels. Indian government in order to control the ever increasing fiscal deficit has been trying to curb the import of gold. Indian government has raised the import duty to 8 % from 6% earlier. India had tripled the tax since January last year. A levy on gold ore, concentrate and so-called dore bars for refining was increased to 6 percent from 4 percent, and an excise tax on refined gold will climb to 7 percent from 5 percent. Assets in the SPDR Gold Trust, the biggest bullion-backed exchange traded product, fell to 1,007.74 metric tonnes, the lowest level since February 2009. Gold may get support from the central banks as they are expanding their gold reserves for the first time in a generation. This behavior is the exact opposite of their action at gold's low in 1999-2001. Gold physical demand has increased considerably as Gold and silver coin purchases from the U.S. Mint may reach a record this year if the current demand continues. The mint sold 12,000 ounces of American Eagle gold coins this month, compared with 70,000 in May and 209,500 ounces in April.
BULLIONS
Soybean futures (July) is expected to consolidate in the range of 3620-3850
levels. The sentiments at the spot markets are firm supported by weakness
in rupee & gains in the international market. Investors would be eyeing to
the world agricultural supply and demand estimates from U.S Dept. of
Agriculture (USDA) on 12th June, 2013. On CBOT, U.S soybean futures will
probably continue their bull-run on planting worries. The statistics on 1st
June from USDA showed that the planting pace was slowest rate for that
time of year since 1996 and behind the five-year average of 74%. Further
there are reports that exporters in the U.S., set to regain its ranking as the
top grower and shipper, already sold 36.62 million metric tonnes of the
36.74 million tonnes the government predicted will be shipped by Aug. 31st,
2013. Mustard futures (July) is expected to trade in the range of 3500-3580
levels. The demand from crushers is lacking behind due to negative crush
margin @ Rs.-249.50/qtl At the spot market, the counter quoted at
Rs.4,200-4,300/qtl on declining buying support. CPO futures are likely to
continue their upside momentum taking advantage of a weaker rupee, as it
is making imports costlier. In the days to come, market participants will be
keeping a close watch on the inventory data next week from Malaysian Palm
Oil Board (MPOB) along with the exports data from the period June 1-10.
OIL AND OILSEEDS
Closing as on 06.06.13
11
NOTES : 1) Buy / Sell 25% of Commodity at S1/R1 respectively & rest 75% at S2/R2 respectively.2) S1 & S2 indicate first support & second support & R1 & R 2 indicate first resistance & second resistance. 3) 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.4) 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.
TECHNICAL RECOMMENDATIONS
EXCHANGE CONTRACT CLOSING DATE TREND
PRICE CHANGED CHANGED STOP/LOSS
NCDEX SOYABEAN (JUNE) 3789.00 07.03.13 UP 3421.50 3700.00 - 3600.00 - 3500.00
NCDEX JEERA (JUNE) 13027.00 11.04.13 UP 13795.00 12000.00 - 11500.00 - 11000.00
NCDEX RED CHILLI (JUNE) 5714.00 17.04.13 DOWN 6362.00 - 6300.00 6800.00 7000.00
NCDEX RM SEEDS (JUNE) 3492.00 11.04.13 UP 3586.00 3280.00 - 3200.00 - 3100.00
MCX MENTHA OIL (JUNE) 966.40 21.03.13 DOWN 1141.30 - 1000.00 1050.00 1100.00
MCX CARDAMOM (JULY) 720.20 28.02.13 DOWN 965.00 - 820.00 850.00 900.00
MCX SILVER (JULY) 44508.00 20.12.12 DOWN 57351.00 - 46000.00 49000.00 49500.00
MCX GOLD (AUGUST ) 27905.00 30.05.13 SIDEWAYS
MCX COPPER (JUNE) 416.90 30.05.13 UP 414.55 390.00 - 380.00 - 370.00
MCX LEAD (JUNE) 125.00 30.05.13 UP 122.90 117.00 - 113.00 - 110.00
MCX ZINC (JUNE) 108.95 30.05.13 UP 107.55 103.00 - 101.00 - 98.00
MCX NICKEL(JUNE) 856.40 21.02.13 DOWN 920.30 - 870.00 900.00 920.00
MCX ALUMINUM(JUNE) 110.30 30.05.13 UP 106.60 104.00 - 102.00 - 100.00
MCX CRUDE OIL (JUNE) 5404.00 06.06.13 UP 5404.00 5100.00 - 5000.00 - 4900.00
MCX NATURAL GAS (JUNE) 218.60 06.06.13 DOWN 218.60 - 245.00 255.00 265.00
TREND RATE TREND S1 R1 S2 R2 CLOSING
*
TREND SHEET
COMMODITY
MENTHA OIL MCX (JUNE) contract closed at ` 966.40 on 6th June '13. The contract made its high of
1003.30 on 7th June '13 and a low of 865.00 on 10th May '13. The 18-day Exponential Moving Average
of the commodity is currently at 944. On the daily chart, the commodity has Relative Strength Index (14-day) value of 63.80. One can buy the
range 985-970 with the stop loss of 950 for a target of 1030.
` `
`
` `
NICKEL MCX (JUNE) contract closed at 856.40 on 6th June '13. The contract made its high of 898.60 on
12th April '13 and a low of 795.00 on 2nd May '13.The 18-day Exponential Moving Average of the
Commodity is currently at 847.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 58.One can buy in the
range 850-835 with the stop loss of 820 for target of 890.
` `
`
`
` `
CASTORSEED NCDEX (JULY) contract closed at 3471.00 on 6th June '13.The contract made its high of
3729.00 on 16th April '13 and a low of 3226.00 on 28th May '13.The 18-day Exponential Moving Average
of the Commodity is currently at 3400.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 56. One can buy in the
range 3480-3460 with the stop loss of 3425 for a target of 3580.
`
` `
`
` `
®
MENTHA OIL MCX (JUNE)
NATURAL GAS MCX (JUNE)
CASTORSEED NCDEX (JULY)
COMMODITY
NEWS DIGEST
Gold moved higher last week as decline in US dollar index, recently rising in US treasury yields and moderation in gold ETF outflows supported the sentiments. Silver remained sideways. Last week, Bank of UK announced that it will maintain interest rate at 0.50% and quantitative easing at GBP 375 billion, in line with market expectations. European central bank decided to maintain its rate unchanged in June, also meeting market expectations. The number of US initial jobless claims last week was 346,000, higher than the forecast of 345,000, with the weekly average of 348,000 in May, higher than 343,000 in April. The number of May US Challenger layoffs was 36,398, higher than the previous month. Worries that the Fed could start tapering its bond buying scheme have kept investors on the edge, but expectations of only a slight pickup in job growth last month suggest that the world's top economy is still in a rut and in need of the central bank's monetary support. Crude oil prices moved higher as it tested the key resistance of 5400 in MCX and 95 in NYMEX. Bullish momentum continued in base metals pack in the initial part of the week but fell lower on selling pressure during later part of the week. Lead prices dipped lower after testing 128 in MCX. Steadily growing automobile sector and rising need for power backup is primarily aiding growth in the lead acid battery market. China's GDP grew by a smaller than forecast 7.7 percent in the first quarter.
Finally, monsoon sets in! India Meteorological Department declared onset of monsoon over Kerala on 1st June 2013. During the past week, India's monsoon rains recorded higher than the average levels in the first week of the four-month rainy season. Last year, in the first week, the rains were 36% below average. This year, the timely onset of monsoon has boosted farming prospects and raised hopes that drought in cotton and sugar areas of southern and western parts would ease. The guar complex witnessed a downfall amid increased seed arrivals from Gujarat & expectations of higher area under sowing due to better prospects of monsoon rains. The selling pressure & prospects of a good crop continued to steal aroma from cardamom futures. The yellow spice - turmeric lost its colour on the spot & futures market as no fresh upcountry order was received by the stockist. Sugar prices on the national bourse remained steady, cushioned by seasonal demand of summer season & expected drop in next year's production. On the international market, U.S soybean futures posted decent gains as increased demand from importers drained supply from last year's crop. Meanwhile crude palm oil prices on the Malaysian market rose to the highest in more than two months buoyed by optimism that stocks could have dropped in during last month.
WEEKLY COMMENTARY
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
COMMODITY UNIT 30.05.13 05.06.13 DIFFERENCEQTY.
BARLEY MT 26074.00 27196.00 1122.00
CASTOR SEED MT 136055.00 132807.00 -3248.00
CHANA MT 120092.00 122850.00 2758.00
CHILLI MT 15871.00 15642.00 -229.00
COTTONSEED OILCAKE MT 114920.00 111044.00 -3876.00
MAIZE MT 1796.00 2073.00 277.00
RAPE MUSTARD SEED MT 76086.00 78789.00 2703.00
SOYA BEAN SEEDS MT 23314.00 13403.00 -9911.00
SUGAR S KOL MT 0.00 0.00 0.00
SUGAR M MT 4864.00 4293.00 -571.00
WHEAT MT 6671.00 8929.00 2258.00
COMMODITY UNIT 30.05.13 06.06.13 DIFFERENCE
QTY. QTY.
CARDAMOM MT 53.60 47.50 -6.10
COTTON BALES 161400.00 161400.00 0.00
GOLD KGS 319.00 582.00 263.00
GOLD MINI KGS 36.60 448.60 412.00
GOLD GUINEA KGS 271.78 271.26 -0.52
MENTHA OIL KGS 341974.60 261349.55 -80625.05
MILD STEEL MT 1914.76 1764.76 -150.00
SILVER (30 KG Bar) KGS 14696.19 13693.44 -1002.76
•Indian government has raised the import duty on Gold to 8 % from 6% earlier.
•A levy on gold ore, concentrate and so-called dore bars for refining was increased to 6 percent from 4 percent, and an excise tax on refined gold will climb to 7 percent from 5 percent.
•Alcoa Inc stated that it could shut down as much as another 11 percent of its aluminum smelting capacity, targeting higher cost facilities amid weak prices.
•State-run National Aluminium Co Ltd (NALCO) , India's third-largest producer of aluminium, has issued a spot tender to export 30,000 tonnes of alumina.
•According to International Nickel Study Group (INSG) global refined Nickel markets was likely to be surplus of 50000 metric tonnes in 2012 before to be in further increasing to 70000 metric tonnes in 2013.
•India's monsoon rains from May 30 to June 5 were 28 percent above average.
•India's soymeal exports in May dropped 3 percent from a month ago to 96,492 tonnes.
•China cotton production is forecast at 6.5 million tonnes this year, down about 5 percent from year ago.
•Brazil's Agriculture Ministry trimmed its estimate of the country's 2012/2013 soybean crop to 81.3 million tonnes from 81.5 million previously.
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
®
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
5.34
4.68
3.10
1.82 1.81
-5.99
-5.19
-4.21 -4.09
-1.69
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
CASTOR SEED NEW
BARLEY BR. CRUDE OIL
SUGAR M 200 SILVER NEW GUAR GUM TURMERIC GUAR SEED MAIZE RABI SOYA OIL
3.523.18
2.992.68
2.38
-5.75
-4.00
-3.53 -3.37-3.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
MENTHA OIL
GOLD ALUMINIUM BR. CRUDE OIL
ALMOND GUAR GUM
NATURAL GAS
GUAR SEED
CARDAMOM REF. SOY OIL
Guar seed and Guar gum……….magic bean of changing lifestyle
13
SPOT PRICES (% change)
COMMODITY
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
30.05.13 06.06.13
ALUMINIUM 5203150 5204550 1400
COPPER 613725 612300 -1425
NICKEL 179832 179898 66
LEAD 225150 210400 -14750
ZINC 1095350 1077050 -18300
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 31.05.13 06.06.13 CHANGE(%)
Soya CBOT JULY Cent per Bushel 1510.00 1527.25 1.14
Maize CBOT JULY Cent per Bushel 662.00 663.25 0.19
CPO BMD JUNE MYR per MT 2360.00 2389.00 1.23
Sugar LIFFE AUG 10 cents per MT 477.30 482.50 1.09
COMMODITY EXCHANGE CONTRACT 31.05.13 06.06.13 CHANGE%
ALUMINIUM LME 3 MONTHS 1906.00 1963.00 2.99
COPPER LME 3 MONTHS 7309.00 7335.00 0.36
LEAD LME 3 MONTHS 2201.00 2201.00 0.00
NICKEL LME 3 MONTHS 14825.00 15080.00 1.72
ZINC LME 3 MONTHS 1927.00 1933.00 0.31
GOLD COMEX AUG 1393.00 1415.80 1.64
SILVER COMEX JULY 22.24 22.71 2.09
LIGHT CRUDE OIL NYMEX JULY 91.97 94.76 3.03
NATURAL GAS NYMEX JULY 3.98 3.83 -3.94
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
Both the exchanges, Multi-Commodity Exchange of India (MCX) and NCDEX has
restarted futures trading in guar seed and guar gum contracts with the commodity
markets regulator Forward Markets Commission lifting the ban. FMC has now allowed
trading in guar seed and gum on June 2013, July 2013 and October 2013 contracts to
facilitate price discovery and price risk management. The regulator had banned guar
futures in March 2012 due to unexpected price volatility. Last year, prices shot up in
the 900% to 1,000% range and a quintal of guargum fetched more than Rs100, 000
while prices for the seed shot up from Rs 3,000 to Rs 35,000 due to huge export
demand. This robust return has changed lifestyles and incomes of farmers and
growers in Rajasthan and Haryana.
Production and arrivals of guar seed
India is the leading producer of guar and guar gum and leading exporter of guar gum in
the world. India grows 80% of the total guar produced all over the world. In India,
Rajasthan is the leading producer of the guar seed and guar gum. It contributes
around 70 % production of India. Haryana, Gujarat and Punjab are other Guar
producing states.
Based on higher price expectation following the huge prices spike witnessed in 2010-
2011, growers in Rajasthan, Haryana and Gujarat increased the area under
cultivation and produced around 20 lakh tonnes of seed in 2012-13 compared with 17
lakh tonnes in 2011-12. It is expected that this year the area of Guar cultivation will
increase 20-25 % than the last year. The good Monsoon will lead to timely sowing of
Gaur crop and good return to the farmers. According to Purushottam Isaria, president
of the All India Guargum Manufacturers Association, this year's guar seed output is
estimated at 25-27.5 million bags, against 20-21 million bags last year.
Spot Market Update
After the re listing of Gaur seed and Guar Gum in the forward market, there is a
regular downfall in the rate of both commodities due to arrival of Guar seed. Guar
seed arrivals in spot markets have risen to 40,000-50,000 bags (of 100 kg each) in the
last two-three weeks, owing to a bumper summer crop in Gujarat. Farmers in other
states, including Rajasthan and Haryana, have also started releasing last year's stock,
amid expectations of a favorable monsoon and a bumper winter crop.
Export of Guar gum
The guar gum has emerged as India's top farm export overtaking traditional
heavyweight's rice and cotton due to the galloping demand from the US oil and gas
industry, which uses the commodity while drilling for shale gas, has helped propel
prices to stratospheric levels.
The latest government
data shows that guar gum
exports have shot up nearly
139% on a year-on-year
basis between April and
January with shipments of
about $4.9 billion. In the
previous year, it rose 374%
in January alone compared
to the same month of the
year 2011.
Conclusion: The increased area of Guar cultivation with normal and good monsoon
will continue to pressurize the rate of guar prices toward downside. While growing
demand for the gum from the petroleum industry in the US may provide much needed
support to the prices.
®
-4.18
-2.67
-2.55
-1.05
-0.95
-0.33
-0.29
0.00
0.00
0.47
0.78
0.78
0.84
0.85
0.91
1.04
1.09
1.47
1.94
2.68
2.88
-5.00 -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00
TURMERIC (NIZAMABAD)
REFINED SOYA OIL (INDORE)
RAW JUTE (KOLKATA)
SOYABEAN (INDORE)
MENTHA OIL (CHANDAUSI)
CORIANDER (KOTA)
JEERA (UNJHA)
CHILLI (GUNTUR)
MILD STEEL INGOTS (GHAZIABAD)
CARDAMOM (VANDANMEDU)
CRUDE PALM OIL (KANDLA)
PEPPER MALABAR GAR (KOCHI)
WHEAT (DELHI)
CHANA (DELHI)
MUSTARD (JAIPUR)
RUBBER (KOCHI)
SILVER (DELHI)
MASOOR (INDORE)
BARLEY (JAIPUR)
GOLD KG (MUMBAI)
GUR (MUZAFFARNGR.)
Financial year Volume (tonnes) Value (In Cr.)
2008-09 258567 1339.01
2009-10 218479 1133.29
20010-11 441607 2938.72
20011-12 707326 16523.83
20012-13 (Apr-Feb) 3,57,444.27 19,62,457.85
Guar gum exports
Source: MoA
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 56.71 57.19 56.49 57.05
EUR/INR 74.03 74.88 73.65 73.45
GBP/INR 85.75 88.18 86.15 88.08
JPY/INR 56.20 57.73 56.33 57.61
(Source: Thomson Reuters, Open: Friday (Prior) 9.00 AM IST, Close: Thursday 5.00 PM IST)
News Flows of last week
04th June: U.S Trade deficit widened in April as a rise in imports offset a
rebound in exports
05th June: U.S Mortgage applications dropped as rates surge: MBA
05th June: U.S Factory orders rose less than expected in April
05th June: U.S economy expanded at a "modest to moderate" pace since mid-April
05th June: Hiring by U.S. firms was sluggish in May
06th June: U.S Retailers' sales rose in May, spending stayed moderate
06th June: U.S Jobless claims fell, labor market gradually improved
EUR/INR (JUNE) contract closed at 73.45 on 30th May. The contract made its high of 74.88 on 06th June'13 and a low of 73.65 on 03rd June'13 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at 73.41.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 81.43. One can buy on dips around 74.35 for a target of 75.50 with the stop loss of 73.85
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JPY/INR (JUNE) contract closed at 57.61 on 06th June'13. The contract made its
high of ̀ 57.73 on 06th June'13 and a low of 56.33 on 03rd June'13 (Weekly Basis).
The 14-day Exponential Moving Average of the JPY/INR is currently at 56.32.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 78.59.
One can buy around 57.20 for a target of 58.20 with the stop loss of 56.70
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Market Stance
The Indian rupee touched the key psychological level of 57 to the dollar last
week, approaching a record low hit nearly a year earlier as fears of an end to the
US Federal Reserve's monetary stimulus sent the dollar higher and hit local
shares. Recent US economic data has been mixed, which has left investors
caught between fears that the Fed will reduce its stimulus and worries that the
US economy is still weak. The rupee is not far off the record low of 57.32 hit in
late June last year, raising concerns about potential intervention from the
Reserve Bank of India, although most analysts do not expect bold actions given
the rupee weakness is tracking global factors. Still, further falls are bound to
revive concerns about funding India's current account deficit. The government
on Wednesday increased import duty on gold, and the finance ministry is
considering raising the cap on foreign investment in sovereign debt.
14
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EUR/INR
USD/INR (JUNE) contract closed at 57.05 on 06th June'13. The contract made its high of 57.19 on 06th June'13 and a low of 56.49 on 05th June'13 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at 56.35
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 73.74. One can buy on dips around 56.65 for a target of 57.55 with the stop loss of 56.25
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GBP/INR (JUNE) contract closed at 88.05 on 06th June'13. The contract made its
high of 88.18 on 06th June'13 and a low of 86.15 on 03rd June'13 (Weekly Basis).
The 14-day Exponential Moving Average of the GBP/INR is currently at 86.16
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 81.99. One
can buy on dips around 87.50 for a target of 88.55 with the stop loss of 87.00
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USD/INRTechnical Recommendation
GBP/INR JPY/INR
Economic gauge for the next week
Date Currency Event PREVIOUS
11th June JPY Bank of Japan Monetary Policy Statement -
11th June JPY Bank of Japan Rate Decision -
11th June JPY BOJ Target Rate 0.10%
11th June GBP NIESR Gross Domestic Product Estimate (MAY) 0.80%
13th June EUR ECB Publishes Monthly Report -
13th June USD Advance Retail Sales (MAY) 0.10%
13th June JPY Bank of Japan May 21-22 meeting minutes -
14th June USD U. of Michigan Confidence (JUN P) 84.5
IPOIPO
1. What is meant by delisting of securities?
The term "delisting" of securities means permanent removal of securities of a listed company from a stock exchange. As a consequence of delisting, the
securities of that company would no longer be traded at that stock exchange.
2. What is the difference between Voluntary delisting and Compulsory delisting?
Compulsory delisting refers to permanent removal of securities of a listed company from a stock exchange as a penalizing measure at the behest of the stock
exchange for not making submissions/comply with various requirements set out in the Listing agreement within the time frames prescribed. In voluntary
delisting, a listed company decides on its own to permanently remove its securities from a stock exchange.
3. What is the exit opportunity available for investors in case a company gets delisted?
SEBI (Delisting of Securities) Guidelines, 2003 provide an exit mechanism, whereby the exit price for voluntary delisting of securities is determined by the
promoter of the concerned company which desires to get delisted, in accordance to book building process. The offer price has a floor price, which is average
of 26 weeks average of traded price quoted on the stock exchange where the shares of the company are most frequently traded preceding 26 weeks from the
date public announcement is made. There is no ceiling on the maximum price.
In case of infrequently traded securities, the offer price is as per Regulation 20 (5) of SEBI (Substantial Acquisition and Takeover) Regulations. For this
purpose, infrequently traded securities is determined in the manner as provided in Regulation 20 (5) of SEBI (Substantial Acquisition and Takeover)
Regulations.
4. Does a company listed at BSE/NSE have to provide exit offer to shareholders in case it delists from stock exchanges other than BSE and NSE?
No, the company does not have to provide exit offer to shareholders because it continues to be listed on the BSE / NSE which have nationwide reach and
shareholders can exit any time they decide to so by way of selling shares in NSE/ BSE.
1. What is the manner in which the company can buy back its own shares?
The company can buy back its shares in any of the following manners :
From the existing shareholders on a proportionate basis through the tender offer;
i. From open market through:
a. Book building process
b. Stock exchange,
ii. From odd lot holders.
2. Can a company buyback its shares without passing shareholders' resolution?
Yes, a company may buyback its shares without shareholders' resolution, to the extent of 10% of its paid up equity capital and reserves. However, if a company
intends to buyback its shares to the extent of 25% of its paid up capital and reserves/ then the same has to be approved by Shareholders Resolution as
specified in Section 77 A of Companies Act, 1956.
3. Where can one get details of companies proposing to buyback their shares?
•Listed companies are required to intimate the stock exchange of general meetings and resolutions passed thereof. Hence, information on companies
proposing to buyback shares may be obtained from the stock exchanges.
•When buyback offer document or public announcement is filed with SEBI, SEBI issues a press release and the offer document is put on the SEBI website under
primary market page under the head "buyback".
4. How does one tender ones Shares for buyback, in the tender offer method?
The company will send you a tender/offer form. You will have to fill up the form as per the instructions of the company and enclose the documents asked for,
by the company.
5. How does one participate in the buyback in case one does not receive the tender/offer form?
You can make an application on plain paper stating your folio number, name, address, number of shares held, share certificate number, distinctive numbers,
number of shares tendered, together with the original share certificate and tender the same at the collection centres/registrars, as mentioned in the public
announcement.
6. Can you tender your shares for buyback if you are not a registered shareholder?
Yes, provided you submit the duly executed transfer deed for transfer of shares in your name, along with the offer form and other relevant documents as
required for transfer, if any. The same should be sent to the registrar to the buyback offer.
7. What is the manner in which the company decides the acceptances from each shareholder?
In case the shares of the company are tradable compulsorily in demat segment, the acceptances from any investor shall be on a proportionate basis
irrespective of the number of shares tendered in the buyback, and irrespective of whether shares are in physical or demat form.
If the shares are not in compulsory demat segment, first the entire shares tendered being less than the minimum market lot shall be accepted in full.
Thereafter, the acceptances will be on proportionate basis in a manner to ensure that the acceptances are in market lot. In such a case, a draw of lots shall be
done, as in the case of public issues.
8. When will the shareholder receive intimation about acceptance of his shares?
The company is required to send intimation to the tenderers within 15 days from the closure of the offer.
When will the shareholder receive the consideration/the share certificate?
The company is required to send the above, within 21 days from the closure of the buyback offer.
15
®
FAQs – DELISTING
BUY BACK
PERIOD REMARKS MIN. INVESTMENTS.NO MANUFACTURING (COMPANY NAME)
6M 12M 18M 24M 36M
1 ANSAL PROPERTIES & INFRA LTD. - 12.00 - 12.25 12.50 - A &B-25000, C-50000
2 ANSAL HOUSING & CONSTRUCTION LTD. 10.00 11.00 - 11.00 11.50 - A&C-20000,B-10000
3 ABC INDIA LTD - 11.50 - 12.00 12.50 - 25000/-
4 BILCARE LTD. - 11.00 - 11.50 12.00 0.25% EXTRA FOR SR. CITIZEN, EMP & SHAREHOLDERS(10) 20000/-
5 DARCL LOGISTICS LTD. - 11.00 - 11.00 11.00 0.50% FOR SENIOR CITIZEN 5000/-
6 GATI LTD - 10.00 - 10.50 11.00 0.50% EXTRA FOR SR. CITIZEN & EMPLOYEE. RATE AS PER QUARTERLY OPTION 21000/-
7 GODREJ INDUSTRIES LTD - 13M-7.75 8.50 9.25 - 10000/-
8 HELIOS & MATHESON INFORMATION TECHNOLOGY LTD - 12.00 - 12.00 12.00 - 25000/-
9 J K LAKSHMI CEMENT LTD - 9.00 - 9.25 9.50 - 25000/-
10 J K TYRE & INDUSTRIES LTD - 9.00 - 9.25 9.50 - 25000/-
11 J K PAPER LTD - 8.50 - 9.00 9.50 - 25000/-
12 JAIPRAKASH ASSOCIATES LTD. 11.50 12.00 - 12.25 12.50 - 20000/-
13 JAPYEE INFRATECH LTD. 11.50 12.00 - 12.25 12.50 - 20000/-
14 JSL STAINLESS LTD. - 9.75 - 10.00 10.25 0.50% EXTRA FOR SR. CITIZEN & 0.25 EXTRA FOR EMP & SHAREHOLDERS(500) 21000/-
15 NEESA LEISURE LTD 11.50 11.75 - 12.25 12.50 - 25000/-
16 OMAXE LTD 11.50 12.00 - 12.25 12.50 - 25000/-
17 PRATIBHA INDUSRIES LTD - 11.50 - 12.00 12.25 0.25% FOR SR. CITIZEN 20000/-
18 PRISM CEMENT - 10.25 - 10.25 10.25 - 10000/-
19 SHRIRAM PISTON - 9.50 - 10.50 11.00 - 21000/-
20 SRS REAL INFRASTRUCTURE LTD. - 12.00 - 12.25 12.50 - 20000/-
21 SRS LTD. - 12.00 - 12.25 12.50 - 20000/-
22 SURYA ROSHINI LTD - 10.50 - 11.50 12.00 ACCEPT ONLY CUMULATIVE SCHEME 30000/-
23 TALBROS AUTOMOTIVE COMPONENTS LTD - 9.50 - 10.25 11.00 - 10000/-
24 UNITED SPIRITS LTD (UB GROUP) - 11.00 - 11.50 - - 25000/-
25 UNITED BREWERIES (HOLDING) - - - 12.00 12.25 - 25000/-
26 UNITECH LTD 11.50 11.50 - 12.00 12.50 - 25000/-
27 VALECHA ENGINEERING LTD - 11.00 - 11.50 12.00 0.50% EXTRA ROI FOR SR. CITIZEN, EMP & SHAREHOLDERS(100), 0.25% EXTRA FOR SINGLE APP OF RS 1 LAC & ABOVE 10000/-
RATE OF INTEREST ( %) p.a
MANUFACTURING COMPANIES
• 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 [email protected]
ONLY FOR RENEWAL
PERIOD REMARKS MIN. INVESTMENTS.NO MANUFACTURING (COMPANY NAME)
6M 12M 18M 24M 36M
1 BOMBAY DYIENG & MANUF LTD - - - - 10.50 0.50% FOR SR. CITIZEN, EMP. & SHAREHOLDERS 20000/-
2 GODREJ PROPERTIES LTD - 9.00 - 9.50 10.50 ONLY NON-CUMULATIVE SCHEME 10000/-
3 JAGATJIT INDUSTRIES LTD 10.00 10.50 - 11.00 11.50 - 50000/-
4 NETWORK18 MEDIA - 11.00 - - - 0.50% EXTRA FOR SR. CITIZEN 10000/-
RATE OF INTEREST ( %) p.a
NON BANKING FINANCIAL COMPANIES
PERIOD MIN.S.NO (NBFC COMPANY -NAME) REMARKS
12M 18M 24M 36M 45M 48M 60M 84M INVESTMENT
1 DEWAN HOUSING FINANCE CORPORATION LTD 13M=10.25% 14M=10.25% 40M=10.50% 0.50% EXTRA FOR SR. CITIZEN,WIDOW, ARMED, PERSONNEL, EXISTING DHFL HOME BORROWERS & DHFL SHARE HOLDERS, FOR 13M=0.25% EXTRA FOR DEPOSIT 1 CR AND ABOVE, 14M=0.25% EXTRA ON 25LAC & ABOVE -
2 DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY) 10.00 - 10.00 10.00 - 10.00 - 10.00 0.50% FOR SR. CITIZEN, WIDOW, ARMED PERSONNEL, EXISTING DHFL HOME BORROWERS & DHFL SHARE HOLDERS, 0.25% FOR DEPOSIT RS.25LAC & ABOVE 10,000/-
3 GRUH FINANCE LTD. 8.75 - 9.00 9.00 - 9.00 9.00 9.00 0.25% FOR SR. CITIZEN & TRUST 1000/-
4 HDFC (INDIVIDUAL & TRUST ) - REGULAR <1 CR 8.90 - 9.05 9.15 - 8.90 8.90 - 0.25% FOR SR. CITIZEN. 20,000/-
5 HDFC PLATINUM SCHEME 9.40(15M) 9.40(33M) - 20,000/-
6 HDFC PLATINUM SENIOR DEPOSIT PLAN 9.80(20M) 9.80(40M) - - -
7 HUDCO LTD. 8.75 - 8.85 8.90 - 8.75 8.75 8.25 0.25% FOR SR. CITIZEN -
8 KERALA TRANSPORT DEV. FIN. CORP. LTD (KTDFC) 10.25 - 10.25 10.25 - 10.00 10.00 - 0.25% EXTRA FOR SR. CITIZEN & 0.25% EXTRA FOR DEPOSIT RS. 25 LAKH & ABOVE -
9 LIC HOUSING FINANCE LTD. 8.75 8.75 9.00 9.25 - - 9.50 - 0.25% FOR SR. CITIZEN IF APP ABOVE RS. 50,000/- & 0.10% IF APP UPTO RS. 50,000/- 10000/-
10 MAHINDRA & MAHINDRA FINANCE 9.25 9.75 10.00 10.25 - 9.75 9.75 - 0.25% EXTRA FOR SR. CITIZEN 10000/-
11 PNB HOUSING FINANCE LTD. 9.30 - 9.30 9.30 - 9.20 9.20 9.15 0.25% FOR SR. CITIZEN FIXED 20000/- CUMULATIVE 10,000/-
12 SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 9.25 - 9.75 10.75 - 10.75 10.75 - 0.25% EXTRA FOR SR. CITIZEN 25000/-
13 SHRIRAM TRANSPORT FINANCE-STRAIGHT BOND 9.75 - 10.25 10.75 - 10.75 10.75 - 0.50% EXTRA FOR SR. CITIZEN 10000/-
(FOR TRUST ONLY)
®
MUTUAL FUND
NEWS
Sundaram Mutual Fund files offer document with SEBI
Sundaram Mutual Fund files offer document with SEBI to launch Sundaram Fixed Term Plan-ED-EM, a closed-end income scheme. The investment objective of the scheme is to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.
IIFL MF introduces Dynamic Bond Fund
IIFL Mutual Fund has launched the New Fund Offer (NFO) of IIFL Dynamic Bond Fund, an open ended income scheme. The NFO opens for subscription on June 6, 2013 and closes on June 17, 2013. The investment objective of the scheme is to generate income and long term gains by investing in a range of debt and money market instruments of various maturities. The scheme will seek to flexibly manage its investment across the maturity spectrum with a view to optimize the risk return proposition for the investors.
SBI Mutual Fund to acquire Daiwa Mutual Fund
SBI Mutual Fund has agreed to acquire Daiwa Mutual Fund. According to SBI's press release, this acquisition will help SBI MF to acquire a unique client base which will increase its penetration in retail and HNI space. Currently, SBI MF is managing 54905.44 crore and Daiwa MF is managing 266.13 crore as on Mar 31, 2013. The acquisition will not only benefit the unit holder of SBI MF but also units holders of Daiwa MF as it will expose schemes to the best practices of SBI AMC.The value of the transaction is not disclosed yet by either party.
Birla Sun Life declares dividend under Fixed Term Plan – Series DV.
Birla Sun Life Fund has declared dividend under dividend option of Birla Sun Life Fixed Term Plan – Series DV. The record date for dividend is June 11, 2013.The rate of dividend will be ̀ 0.1000 per unit on the face value of Rs 10 per unit. The investment objective of the Scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
DWS declares dividend under Fixed Term Fund Series 93
Deutsche Mutual Fund has declared dividend under the dividend option of DWS Fixed Term Fund Series 93. The record date for dividend is June 11, 2013. The gross dividend rate will be 100% of distributable surplus on the face value of 10 per unit. The investment objective of the Scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. There can be no assurance that the investment objective of the Scheme will be realized
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17®
NFOs WATCH
Fund Name NFO NFO Scheme Objective Fund Type Fund Class Fund Manager MinimumOpens on Closes on Amount
04-Jun-2013 11-Jun-2013 Close-Ended Dividend `10000/-LIC NOMURA MF Fixed Maturity Plan - Series 65 (554 D) Direct Plan (D)
Y. D. PrasannaTo minimize interest rate risk by investing in
a portfolio of fixed income securities which
mature on or before the date of the
maturity of the scheme
05-Jun-2013 12-Jun-2013 Growth `5000/-Reliance Fixed Horizon Fund - XXIII - Series 12 (1110 D) (G)
Amit Tripathito generate returns by investing in a
portfolio of fixed income securities
maturing on or before the date of maturity
of the scheme. However, the scheme does
not guarantee / indicate any return
Close-Ended
06-Jun-2013 17-Jun-2013 Growth `5000/-IIFL Dynamic Bond Fund - Regular Plan (G)
Rahul AggarwalThe investment objective of the scheme is
to generate income and long term gains by
investing in a range of debt and money
market instruments of various maturities.
The scheme will seek to flexibly manage its
investment across the maturity spectrum
with a view to optimize the risk return
proposition for the investors.
Open-Ended
10-Jun-2013 24-Jun-2013 Growth `5000/-DWS Hybrid Fixed Term Fund - Series 14 (3 years) (G)
Akash Singhania / Kumaresh Ramkrishnan
To generate steady returns along with high
liquidity by investing in a portfolio of short-
term, high quality money market and debt
instruments.
Close-Ended
17-Jun-2013 28-Jun-2013 Dividend `5000/-Reliance Dual Advantage Fixed Tenure Fund III - Plan D (D)
Krishan Daga / Anju Chajjer
To generate returns and reduce interest rate
volatility, through a portfolio of fixed income
securities that are maturing on or before the
maturity of the Scheme along with capital
appreciation through equity exposure.
Close-Ended
18
MUTUAL FUND Performance Charts
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch AUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
Birla Sun Life India GenNext Fund - G 33.01 05-Aug-2005 128.25 8.76 4.83 35.62 16.7 16.45 1.71 0.75 0.22 49.65 39.19 4.21 6.95
Axis Equity Fund - Growth 12.76 05-Jan-2010 531.8 4.85 5.37 27.98 7.68 7.39 1.71 0.84 0.16 76.33 6.08 3.79 13.80
Franklin India Smaller Companies Fund - G 16.64 13-Jan-2006 322.84 2.18 0.48 27.85 8.49 7.13 1.81 0.65 0.16 23.83 57.00 10.13 9.04
Canara Robeco FORCE Fund - Reg - G 16.15 14-Sep-2009 114.24 6.25 -0.74 27.77 11.03 13.72 2.06 0.94 0.14 57.18 26.53 3.52 12.78
Morgan Stanley Growth Fund - G 67.21 18-Feb-1994 1331.44 3.07 2.88 27.25 5.73 12.1 1.72 0.81 0.12 74.46 20.24 0.84 4.45
Axis Midcap Fund - Growth 12.8 18-Feb-2011 194.12 0.95 -4.48 26.61 -- 11.34 1.92 0.79 0.11 11.84 71.84 5.36 10.96
SBI Magnum Midcap Fund - G 26.25 29-Mar-2005 218.83 2.7 -1.3 26.46 7.78 12.5 1.8 0.63 0.1 8.83 66.10 16.64 8.43
EQUITY (Diversified)
BALANCED
INCOME FUND
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 06/06/2013Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%
ULTRA SHORT TERM
SHORT TERM FUND
Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns
Due to their inherent short term nature, the following 2 categories have been sorted on the basis of 6month returns
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch AUM 3M 6M 1Y 3Y Since Std.Dev Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
SBI Magnum Balanced Fund - Growth 57.43 09-Oct-1995 374.07 2.74 2.54 24.55 6.77 15.70 1.18 0.14 30.29 26.93 14.05 28.73
Tata Balanced Fund - Plan A - Growth 98.81 08-Oct-1995 508.47 3.27 0.04 19.12 9.30 15.85 1.40 0.05 49.59 21.28 3.40 25.74
FT India Balanced Fund - Growth 55.91 10-Dec-1999 212.45 3.37 2.82 18.16 7.81 13.60 1.28 0.04 53.75 15.97 1.35 28.93
ICICI Prudential Balanced - Growth 56.07 03-Nov-1999 447.50 1.08 1.78 18.14 11.12 13.52 1.23 0.05 47.14 16.11 2.28 34.48
Birla Sun Life 95 - Growth 346.64 10-Feb-1995 575.99 1.73 0.58 18.10 7.73 21.34 1.42 0.02 53.22 12.65 0.37 33.75
Kotak Balance 18.91 25-Nov-1999 114.23 2.19 2.73 16.20 7.51 15.41 1.26 0.04 53.98 8.29 0.53 37.20
ING Balanced Fund - Growth 27.64 25-Apr-2000 117.27 2.71 1.58 15.65 5.54 8.06 1.39 -0.01 71.88 1.34 -- 26.78
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch AUM Since Std. SharpeMaturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Morgan Stanley Active Bond Fund - Reg - G 12.94 03-Jun-2009 203.36 7.47 4.81 40.24 21.87 16.17 8.65 6.63 23.17 0.32 4063.00 7.95
SBI Magnum Income Fund - Growth 30.63 25-Nov-1998 3018.90 7.14 1.37 34.70 19.60 16.11 10.59 7.96 19.24 0.42 3727.00 8.31
Birla Sun Life Income Plus - DAP 14.25 06-Mar-2009 2901.32 3.40 2.54 36.78 21.57 15.64 10.05 8.69 20.87 0.36 N.A 8.24
Birla Sun Life Income Plus - Growth 56.50 21-Oct-1995 2901.32 3.39 2.54 36.77 21.50 15.61 10.04 10.32 20.87 0.36 N.A 8.24
SBI Dynamic Bond Fund - Growth 15.51 09-Feb-2004 5332.48 6.90 1.43 35.83 19.71 15.31 11.94 4.93 19.90 0.35 3946.00 8.28
ICICI Prudential Income Opportunities Fund - G 17.02 18-Aug-2008 2345.64 -9.91 -1.15 32.47 17.37 15.22 9.48 11.71 19.82 0.39 3008.00 8.65
ICICI Prudential Income Fund -Growth 39.36 09-Jul-1998 2927.53 -1.34 0.45 34.10 19.31 15.16 9.08 9.62 19.60 0.37 3734.00 8.29
Annualised
Returns (%) Risk Average Yield tillScheme Name NAV Launch AUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
ICICI Prudential Dynamic Bond Fund - Reg - G 13.63 12-Jun-2009 428.03 11.27 2.35 21.70 17.18 13.12 9.64 8.08 14.23 0.35 2555.00 8.31
Birla Sun Life Medium Term Plan - G 14.32 25-Mar-2009 534.08 50.08 26.25 25.98 14.17 12.59 10.15 8.91 7.54 0.59 N.A 10.63
Birla Sun Life Dynamic Bond Fund - Ret - DAP 14.24 08-Apr-2009 14660.80 12.07 7.08 21.97 13.81 12.32 9.49 8.86 8.14 0.54 N.A 8.85
Birla Sun Life Dynamic Bond Fund - Ret - G 20.59 24-Sep-2004 14660.80 12.08 7.10 21.97 13.81 12.32 9.49 8.65 8.14 0.54 N.A 8.85
ICICI Prudential Blended - Plan B - Option I - G 18.15 31-May-2005 948.67 7.02 3.61 17.17 13.47 11.39 9.27 7.72 8.97 0.40 1011.00 8.54
Birla Sun Life Short Term Opp. Fund - G 19.29 24-Apr-2003 401.53 55.97 29.24 23.32 13.41 12.69 10.15 6.71 5.64 0.77 N.A 9.91
UTI Short Term Income Fund - Ret - G 20.95 23-Jun-2003 2280.04 8.52 2.18 13.31 12.55 11.74 9.64 7.71 7.61 0.52 973.00 N.A
Annualised
Returns (%) Risk Average Yield tillScheme Name NAV Launch AUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
DWS Money Plus Fund - Growth 16.48 14-Mar-2006 433.32 8.94 5.84 10.53 9.63 9.51 7.12 7.15 4.24 0.48 562.00 8.50
Templeton India Low Duration Fund - G 12.95 26-Jul-2010 2803.69 8.39 7.67 8.91 9.60 9.82 N.A 9.44 2.02 1.20 263.00 9.04
DWS Treasury Fund - Investment - Reg - G 13.25 09-Oct-2009 240.25 10.81 7.50 8.79 9.57 9.61 8.32 7.99 3.07 0.69 314.00 8.42
Indiabulls Ultra Short Term Fund - G 1145.11 06-Jan-2012 615.57 8.51 7.89 8.81 9.51 9.78 N.A 10.04 1.39 1.72 133.00 8.76
Kotak Floater - LT - Growth 19.02 13-Aug-2004 4289.57 8.76 7.26 9.09 9.40 9.56 8.83 7.56 1.82 1.20 193.00 8.80
Reliance Medium Term Fund - Growth 24.82 14-Sep-2000 4350.12 9.17 6.62 8.69 9.28 9.66 8.81 7.40 2.99 0.75 320.00 8.57
Kotak Flexi Debt Fund - Growth 18.31 07-Dec-2004 1520.79 8.04 6.74 9.48 9.27 9.22 8.19 7.37 2.04 0.89 N.A 8.90
Annualised
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