NDPMS Wealth Management

In less than 24 hours of bulk diesel pricing being freed from the state, private sector companies have begun preparing to profit on this opportunity.The Centre decided yesterday to partially deregulate diesel prices and allowed the government oil marketing companies ( OMCs) to supply diesel to bulk consumers at market-determined prices. “The private retailers are expected to pose increasing competition for the OMCs in the bulk diesel segment. Further, the increase in diesel price is positive for city gas distribution (CGD) players, as CNG (compressed natural gas) and PNG (piped natural gas) were losing competitiveness in comparison to subsidised diesel,” said K Ravichandran, senior vice-president, corporate ratings, Icra. Hitherto private fuel retailers Essar Oil, Reliance Industries and Shell India form less than 10 per cent of the retail business. The three government-owned OMCs —Indian Oil, Hindustan Petroleum and Bha...

Markets surged to two year highs as the government decided to partially deregulate diesel prices as well as defer the implementation of the General Anti Avoidance Rules (GAAR), which seeks to tax foreign investors, by two years until 1 April 2016. Strong corporate numbers also boosted investor sentiments as the Sensex added 375 points or nearly 2% at 20,039. Nifty surged 113 points at 6,064. FIIs bought shares worth Rs 25087.80 crore in December 2012, according to data available with Sebi. Markets ended near the day's high on Monday as investors cheered the lower than expected inflation figures. Tuesday saw the Sensex crossing the 20,000 mark on the back of better than expected quarterly numbeers from select stocks. Markets slipped on Wednesday as comments from Reserve Bank of India Governor D. Subbarao tempered expectations of cut in key policy rate by the RBI at Third Quarter Review of Monetary Policy 2012-13 on 29 January 2013. Weakness in global stocks also weighed on...

Air India has struck a deal with oil companies to buy aviation turbine fuel (ATF) at a discount of about seven per cent. This would help the airline save Rs 480 crore on fuel consumption annually. According to a senior civil aviation ministry official, the discount offered by the oil companies is about Rs 5,000 a kilolitre. The discount offered to Jet Airways is about Rs 3,000 a kilolitre. The official added only German airline Lufthansa was offered a hefty discount. Discounts by oil companies depend on factors such as customer loyalty and timing of payments. In the last five months, Air India has paid its dues to oil companies on time. It is expected the carrier would pay about Rs 4,000 crore of previous dues to oil companies in April. “The oil companies were not offering us any discounts, as Air India was not paying its dues to them. Now, oil companies have re-negotiated ATF prices with Air India, as the airline’s performance has impro...

World equity and oil prices rebounded on Friday after Republican leaders of the US House of Representatives said they would seek to break a budget impasse next week, while the yen hit a 31-month low against the US dollar ahead of potential asset purchases by the Bank of Japan. W orld equity and oil prices rebounded on Friday after Republican leaders of the US House of Representatives said they would seek to break a budget impasse next week, while the yen hit a 31-month low against the US dollar ahead of potential asset purchases by the Bank of Japan.  On Wall Street, the Dow and the S&P 500 posted five-year closing highs after Republicans said the House will consider a bill to raise the US debt ceiling enough to allow the country to pay its bills for another three months. The strategy would buy time for the Democratic-controlled Senate to pass a budget plan that shrinks the federal deficit.  The   Nasdaq   finished slightly lower, pulled down by a weak ear...

WABCO India has reported a sales standalone turnover of Rs 221.26 crore and a net profit of Rs 28.16 crore for the quarter ended Dec '12. WABCO India has reported a standalone sales turnover of Rs 221.26 crore and a net profit of Rs 28.16 crore for the quarter ended Dec '12. Other income for the quarter was Rs 4.23 crore. For the quarter ended Dec 2011 the standalone sales turnover was Rs 255.45 crore and net profit was Rs 37.64 crore., and other income Rs 1.91 crore. WABCO India shares closed at 1,604.00 on January 17, 2013 (NSE) and has given 9.38% returns over the last 6 months and 23.19% over the last 12 months. WABCO India Standalone Quarterly Results -------- in Rs. Cr. -------- Dec '12 Sep '12 Jun '12 Sales Turnover 221.26 250.91 249.29 Other Income 4.23 0.30 6.74 Total Income 225.49 251.20 256.03 Total Expenses 181.55 199.97 192.24 Operating Profit 39.71 50.94 57.05 Profit On Sale Of Assets -- -- -- Profit On Sale Of Investments -- -- ...

KLRF has reported a standalone sales turnover of Rs 59.06 crore and a net loss of Rs 0.33 crore for the quarter ended Dec '12. KLRF has reported a standalone sales turnover of Rs 59.06 crore and a net loss of Rs 0.33 crore for the quarter ended Dec '12. Other income for the quarter was Rs 0.04 crore. For the quarter ended Dec 2011 the standalone sales turnover was Rs 51.08 crore and net loss was Rs 0.49 crore., and other income Rs 0.02 crore. KLRF shares closed at 26.15 on January 17, 2013 (NSE) and has given 10.81% returns over the last 6 months and 8.96% over the last 12 months. KLRF Standalone Quarterly Results -------- in Rs. Cr. -------- Dec '12 Sep '12 Jun '12 Sales Turnover 59.06 54.44 49.18 Other Income 0.04 0.11 0.04 Total Income 59.09 54.55 49.22 Total Expenses 56.45 49.47 45.33 Operating Profit 2.61 4.97 3.85 Profit On Sale Of Assets -- -- -- Profit On Sale Of Investments -- -- -- Gain/Loss On Foreign Exchange -- -- -- VRS Adjustm...

Mahindra and Mahindra Financial Services' consolidated net profit grew by 35.8 percent year-on-year to Rs 216 crore in the third quarter of current financial year 2012-13. N on-banking finance company  Mahindra and Mahindra Financial Services  ' consolidated net profit grew by 35.8 percent year-on-year to Rs 216 crore in the third quarter of current financial year 2012-13.  Consolidated income from operations rose by 38.4 percent to Rs 1,057.3 crore from Rs 764 crore during the same period. The stock has been under pressure despite strong numbers. Profit booking could be the reason as stock had rallied 2.8 percent on Thursday. On Friday, shares fell nearly one percent to Rs 1,124.90 at 14:35 hours IST on Bombay Stock Exchange . Source : Moneycontrol

Prabhudas Lilladher has come out with its earnings estimates on Cairn India for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 37.2% at Rs 4249.6 crore, Year-On-Year (YoY) basis. P rabhudas Lilladher has come out with its earnings estimates on  Cairn India    for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 37.2% at Rs 4249.6 crore, Year-On-Year (YoY) basis. The company's net profit is seen up 34.2% at Rs 3035.1 crore, YoY. According to the research firm, cairn's revenues are likely to decline QoQ on account of 20% profit sharing kicking in for development area 2 (Bhagyam). EBITDA is expected to decline by Rs 220cr QoQ, on the back of flat production as well as realization in Q2FY13. Depreciation of the rupee by ~3.5% QoQ will result in a MTM gain for Cairn during the quarter. Source:Moneycontrol

Cigarettes major  ITC  reported a better-than-expected 21 percent year-on-year rise in third quarter net profit at Rs 2,052 crore, helped by strong growth in FMCG and agri businesses.Its net sales growth of 23 percent at Rs 7,627 crore also topped street estimates.Analysts on average had expected ITC to report a net profit of Rs 2,007 crore on revenue of Rs 7,220 crore, according to a CNBC-TV18 poll. "Overall ITC's results were good...Excellent performance of the non-cigarette FMCG business, good growth in the agri-business is driving growth," said Kaustubh Pawaskar of brokerage Sharekhan. The company saw its cigarette revenue rise 13 percent to Rs 3,657 crore, helped by the price hikes that it took. The analyst expects ITCs cigarette volumes would have grown around 1 percent in the quarter. The 64 mm cigarette that the company is test marketing currently should start contributing to its volumes couple of years down the line, he feels. Its other FMCG sales, whic...

India's second largest private sector lender HDFC Bank on Friday reported a persistent 30% year-on-year jump in its third quarter net profit at Rs 1,859 crore, driven by robust growth in other income and loan expansions. Since the last 30-31 successive quarters, the net profit growth has been in the range of 30-31%.  India's second largest private sector lender   HDFC Bank      on Friday reported a persistent 30% year-on-year jump in its third quarter net profit at Rs 1,859 crore, driven by robust growth in other income and loan expansions. Since the last 30-31 successive quarters, the net profit growth has been in the range of 30-31%. During the quarter, net interest income or the difference between interest earned and paid out, rose nearly 22% to Rs 3,800 crore. Other income increased 27% to Rs 1,800 crore aided by growth in fee and commission income. The quarterly numbers were almost in line with analyst exp...