Sovereign Gold Bond Scheme 2020-21 is now open for subscription. Should you subscribe to it? Let's find out.

Considering the daily timeframe, the stock of Tata Motors Limited has given a downward sloping trendline breakout along with robust volume. The stock has also managed to close above the upper Bollinger band and started the band walk, which is a very bullish sign.

The month of August has begun with strong bearish sentiments prevalent in the domestic markets as Sensex slumped by 667.29 points or 1.77 per cent to close at 36,939.60 while Nifty tanked by 173.60 points or 1.57 per cent to settle at 10,899.85.

With these orders, the company’s order book as on June 2020, stood at 759 KMT valued at almost Rs 6,200 crore. These order books translate into book-to-bill of 0.62x on TTM revenue, giving healthy revenue visibility in the near term

The stock of Procter & Gamble Health Limited has given an ascending triangle pattern breakout on the daily timeframe. This breakout is confirmed by the above 50-day average volume.

Wockhardt, the global pharmaceutical and biotechnology major, on Monday, announced that it has entered into an agreement with the UK Government to fill-finish COVID-19 vaccines.

Provisions and contingencies declined by 20.9 per cent YoY to Rs 1,512.07 crore in Q1FY21, as against Rs 1,911.98 crore in Q1FY20. 

Generally, the promoters or promoter groups are the ones who have major control over the company and may also hold senior executive positions. As a result, they are in a better position to understand the company’s day-to-day performance and future outlook

Polycab India is planning to expand its presence in the international markets, where dependence on Chinese imports is higher. The company is targeting markets like the US, Australia, Europe, and Africa, among others

The company witnessed a sequential growth of 27 per cent sales in the month of July with sales of 2,52,744 units as against 1,98,387 units reported in June 2020.

The market opened in red on August 3, 2020. 

The market opened in red on August 3, 2020, overall volumes in futures & options currently stand at 1,64,41,863 crore contracts with a turnover of Rs. 11,37,132.45 crore.

The market opened in red on August 3, 2020, overall volumes in futures & options currently stand at 1,64,41,863 crore contracts with a turnover of Rs. 11,37,132.45 crore.

Parag Parikh Long Term Equity Fund is a highly diversified equity fund offering from PPFAS. Read on to find out more about it.

The downward spiral of the US dollar may have worried certain influential people including US President Donald Trump. However, the question arises: Why would he worry about the fall of USD?

BSE 500 index too surged by 6.7 per cent from 13,438.14 as of June 30, 2020 to 14,346.18 as of July 31, 2020.

The rate of contraction of the output of eight core industries’ has slowed down in the month of June 2020. Read on to find out more.

Zydus Cadila, a part of Cadila Healthcare, informed the bourses during the weekend that it has received tentative approval from United States Food and Drug Administration (USFDA) for Carbidopa and Levodopa extended-release capsules.

The bulls finally halted its upward run as on July 31, 2020 post recording gains for six successive weeks. Last week, Nifty and Sensex descended by 120 points and 421 points, respectively. The fall of 4.51 per cent in the Bank Nifty acted as the biggest thorn in the flesh resulting into a market correction.

The immediate support for Nifty is placed at 10,952 to 11,058 levels as the last two weeks’ low and the 20-DMA is placed in this zone. Further, the breach of this support zone would lead Nifty towards its 200-DMA placed at 10,860 level.

Indian Oil Corporation announced today that the company’s board had approved the implementation of an Integrated Para-Xylene (PX) and Purified Terephthalic Acid (PTA) complex project at Paradip, Odisha, at an estimated investment of Rs 13,805 crore. The PX-PTA complex is estimated to be completed by 2024 and will be integrated with the company’s Paradip Refinery which is operational since 2015.

The consolidated net sales reported in Q1FY21 came in at Rs 537.37 crore, which declined by 13.36 per cent YoY from Rs 620.25 crore in Q1FY20. 

The stock is meeting Daryl Guppy’s multiple moving averages set up rules as it is trading above both the short and long-term moving averages. Interestingly, the RSI has broken out of inverse head and shoulders like pattern, which is a very bullish sign.

Sensex opened in green only to lose momentum and spend the rest of the trading session in red. Sensex closed at 37,606 levels, down by 129 points or 0.34 per cent while Nifty shut shop at 11,088, down by 13.90 points or 0.13 per cent.

The numbers show a very positive trend in the re-opening of the economy. Despite this, the bank added that the overall situation continues to be uncertain. One of the major challenges that the bank sees is the extended working capital cycle and waning cash flows.

ABB India has opened a new robotic facility in Bengaluru. ABB Nelamangala factory premises in Bengaluru would enable the company to deliver robotic applications and digital solutions for a variety of Indian industries, including automotive, food and beverage, electronics, and other upcoming sectors.

During the recently concluded Q1FY21, the company reported 14.5 per cent growth in electricity volumes at 14,878 MU in comparison to the same quarter last year.

Axis Triple Advantage Fund is a multi-asset allocation offering from Axis Mutual Fund. Should you invest in it? Let’s find out.

The market opened flat on July 31, 2020. 

The market opened flat on July 31, 2020, overall volumes in futures & options currently stand at 6,29,47,311 crore contracts with a turnover of Rs. 41,88,028.33 crore.

The market opened flat on July 31, 2020, overall volumes in futures & options currently stand at 6,29,47,311 crore contracts with a turnover of Rs. 41,88,028.33 crore.

Tata Capital Growth Fund is set to invest Rs 225 crore (USD 30 million) to buy 0.85 per cent minority stake in Biocon Biologics, which is the subsidiary of Biocon Limited, handling the company’s biosimilar business.

The consolidated net sales reported in Q1FY21 came in at Rs 91,238 crore, which declined by 43.8 per cent YoY from Rs 1,62,353 crore in Q1FY20. 

India’s largest public sector bank, State Bank of India will report its Q1FY21 result today. Here is a sneak-peek to the stock’s technical position.

The company generates nearly 48 per cent revenue from the consumer electronics segment, which mainly comprises of LED TVs. During Q4FY20, the company added three new customers for this business including Toshiba. The company is in a process to enhance LED TV capacity to 4.4 million units in FY21 from 3.6 million currently.

Exactly a year ago, Prudential Global Investment Managers (PGIM) had completed the purchase of its previous 50 per cent held joint venture with DHFL.

Despite markets losing close to a per cent on the Futures & Options (F&O) expiry day, the July series ended with gains of almost 868 points or 8.47 per cent. Early trends in SGX Nifty suggests that the first trading session of the August F&O series is likely to begin with optimism. At 7:45 AM, SGX Nifty is trading with gains of 0.57 per cent at 11,147.50 level.

A weekly close below 11,058 could lead to 10,800 levels. However, a close above Thursday's high would be a positive sign. Stocks in news: Wipro, Kesoram Industries.

The consolidated net sales reported in Q1FY21 came in at Rs 1,980 crore, which declined by 12.9 per cent YoY from Rs 2,273.3 crore in Q1FY20. 

Mutual funds have tentatively changed the cut off timings. Read on to find out more about it.

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The consolidated net sales reported in Q1FY21 came in at Rs 2,056 crore, which increased by 1.68 per cent YoY from Rs 2,022 crore in Q1FY20. 

Tata Consultancy Services (TCS) has expanded partnership with Vaillant Group, a global leader in heating, ventilation and air-conditioning technology, to streamline the latter’s business processes and implement those on a single, digital enterprise process platform to support its business model transformation and future growth.

Selling continued to be witnessed in domestic markets as Sensex declined by 335.06 points or 0.88 per cent to settle at 37,736.07 while Nifty fell by 100.70 points or 0.90 per cent to close at 11,102.15.

IOCL forms JV with Total SA to Provide Bitumen Derivatives
 

Tax Queries By Jayesh Dadia Chartered Accountant

It also mentioned that with this new order, its order book would be well-placed and might reach Rs 2,000 crore in FY21. As of the end of FY20, the order book stood at Rs 1,788.2 crore.

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation
 

Healthcare company Lincoln Pharmaceuticals announced the launch of its Vitamin C+ Zinc tablets in Indian markets thus, consolidating its position in a market estimated at about Rs 150 crore in the country and growing at 15 per cent per annum.

TOP 1000 Companies Financial Review For FY20

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Even as the corona virus shock dictates how global economies perform in the near and medium term, it is fundamentally reshaping the investment landscape for global investors.

In this edition, we have reviewed Torrent Power Limited and ITC Limited. We suggest our reader-investors to HOLD in Torrent Power Limited and ITC Limited

India is considered to be one of the largest providers of quality, affordable generic drugs globally and Laurus Labs occupies a position of prime significance in this segment

 A fortnightly view on Nifty 50 and two investment ideas on the basis of intensive technical analysis in a 15-day horizon.

This section gives decisive investment rationales to our subscribers on the stock queries they have raised to our research team.

The market opened in green on July 30, 2020. 

The market opened in green on July 30, 2020, overall volumes in futures & options currently stand at 3,30,78,600 crore contracts with a turnover of Rs. 22,62,936.95 crore.

The market opened in green on July 30, 2020, overall volumes in futures & options currently stand at 3,30,78,600 crore contracts with a turnover of Rs. 22,62,936.95 crore.

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations. 

Investing systematically is considered to be one of the most effective ways of investing. Here are the top 10 equity funds that you can consider for investing via SIP.

This section gives a recommendation of a stock having stock price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon.

This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year.

Refex Industries is engaged in the business of refilling non-ozone depleting refrigerant gases, popularly known as hydrofluorocarbons (HFCs). It is used in air-conditioners, refrigerators, and refrigerating equipment and is presently in news for its rights issue.

I found coverage on momentum trading strategies in the previous issue to be highly informative for retail investors like me.

CRISIL on Wednesday released a report on the assets under management (AUM) of non-banking financial companies (NBFCs), in which, it expects the AUM of these NBFCs to dip 1-3 per cent in FY21E

With the current situation’s uncertainty mostly factored in, markets are finding it difficult to retrace any part of the post March rally.

Praj Industries and Automotive Research Association of India (ARAI) have signed a memorandum of understanding (MoU) to jointly drive application development of advanced biofuels that will find usage in industry and transportation.

The proceeds from this fundraising will be utilised for funding of capital expenditure, refinancing of existing loans, and other general corporate purposes.

Data Bank of top-ranked equity funds based on DSIJ's proprietary research methodology.

This is our mutual fund recommendation. Every fortnight , we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same.

The impact of the latest change in tax structure will get reflected in due course of time but there are other reasons too why the dividend option is on a decline. The report presents an in-depth explanation
 

Investing is a process that begins when you start investing and ends when you complete your time horizon for each of your investment goals. While having a clear idea about your horizon helps you decide your asset allocation, it is equally important to continue investing through your defined time horizon so as to get the best out of the chosen assets.

Readers are requested to send only one query at a time so that more readers get a chance. Have questions relating to any aspect of personal finance. Ask DSIJ at editorial@DSIJ.in and get your queries resolved.

The ongoing corona virus pandemic has rattled equity markets across the world and these may continue to be volatile in the near term as well. However, this is not the first time an equity market is experiencing an economic or medical crisis.

Those who have put into place a strategy for ‘financial independence, retiring early’ (FIRE) may be worried about how the current pandemic will impact their portfolios and returns and those who want to get on to the bandwagon may be wondering how to go about it. The following articles provides an in-depth perspective and course of action

The unfolding of events in the mutual fund industry over the last couple of years has proved that debts are not as boring as they are considered to be. In a span of two years, the debt market has seen all – credit crisis, liquidity crisis and redemption pressure.

I have recently invested 50 per cent in equities and also started an SIP on corporate debt MF. I am interested in investing some percentage in gold. Could you advise if global gold mutual funds would be a decent investment option? And what should be the time period of the SIP?

On Thursday, amid optimistic cues from global markets, Indian markets are likely to open with a positive bias. The US Fed has committed to keep the taps flowing till the time growth revives and this is acting as the key catalyst for the bulls. At 7:50 AM, SGX Nifty is trading with gains of 7.50 points at 11,232.50 level.

The level of 11,150 is likely to act as important support and as long as Nifty manages to hold this level, it would make an attempt to move higher on the upside where the level of 11,250, followed by 11,340, is likely to act as a resistance level on the upside. Stocks in news: Nitco, Praj Industries, ONGC.

The consolidated net sales reported in Q1FY21 came in at Rs 1,120.16 crore, which declined by 36.07 per cent YoY from Rs 1,752.1 crore in Q1FY20.

Say bye-bye to SIP with specific dates. Sundaram Mutual has introduced ‘Any Day SIP’. Read on to find out more.

Sensex tanked by 421.82 points or 1.10 per cent on Wednesday to close at 38,071.13 while Nifty fell by 97.70 points or 0.86 per cent to settle at 11,202.85.

The consolidated net sales reported in Q1FY21 came in at Rs 766.73 crore, which declined by 91.86 per cent YoY from Rs 9,420.06 crore in Q1FY20.

The board of directors of HT Media Limited at its meeting held on July 28, 2020, has approved investment in Mosaic Media Ventures Private Limited.

The consolidated net sales reported in Q1FY21 came in at Rs 4,110.6 crore, which declined by 79.17 per cent YoY from Rs 19,732.6 crore in Q1FY20. 

IRB Infrastructure Developers Limited has bagged a project of construction of eight lanes of Vadodara-Mumbai Expressway in Gujarat, on Gandeva-Ena stretch, having a length of 27.500 kms, with a project cost of Rs 1,755 crore.

The net revenue from operations reported in Q1FY21 came in at Rs 1,040.62 crore, which declined by 4.08 per cent YoY from Rs 1,084.86 crore in Q1FY20. 

Small-cap funds have tend to perform better in the long-run. However, in the short-run, they do tend to exhibit more volatility.

Protective Insurance has selected Majesco P&C Core Suite for commercial auto and workers’ compensation claims and billing solutions on Majesco CloudInsurer so as to modernise and optimise its business operations.

The market opened in red on July 29, 2020. 

The market opened in red on July 29, 2020, overall volumes in futures & options currently stand at 2,58,45,024 crore contracts with a turnover of Rs. 17,55,818.03 crore.

The market opened in red on July 29, 2020, overall volumes in futures & options currently stand at 2,58,45,024 crore contracts with a turnover of Rs. 17,55,818.03 crore.