Shares of AGC Networks surged around 20 per cent to hit a 20 month high on Tuesday, backed by solid numbers in June quarter this fiscal year.

Risk as a concept is not understood by many and they believe risks to be same as loss. Read on to find the difference between the two.

Overall volumes in futures & options currently stand at 1,64,89,491 contracts with a turnover of Rs. 10,69,260.44 crore.

Overall volumes in futures & options currently stand at 1,64,89,491 contracts with a turnover of Rs. 10,69,260.44 crore.

The zone of 10,935-10,990 is a major support zone. If Nifty manages to hold above this zone, a possibility of an intraday pullback cannot be ruled out. In this scenario, the level of 11,080 is likely to act as an immediate resistance followed by 11,145 levels. Stocks in news: KRBL, Alembic Pharmaceuticals, IOL Chemicals and Pharmaceuticals, Zensar Technologies, NMDC.

Going by early indication of SGX Nifty, the market is set to open on a negative note amidst sluggish global clues.

Indian rupee weakened for second consecutive session on Tuesday against the US dollar, due to rising crude oil prices along with stronger dollar.

Shares of Dr. Reddy rose close to 2 per cent intraday post the announcement that the company has launched Vigabatrin Powder for oral solution in the US market.

Opto Circuits has reported its numbers for the latest quarter ending June, 2019. Shares of the company tumbled 9 per cent at closing hours on Tuesday.

The stocks to watch out on August 21 include NIIT, Himachal Futuristic Communications, TVS Srichakra, Britannia Industries, SBI and Cipla.

The sale of vehicles across all the categories in the country dipped by 18.71 per cent to around 18.25 lakh units in July 2019, down from about 22.45 lakh units a year ago in the same month, posting steepest fall in nearly 19 years.

The city gas distribution company Mahanagar Gas was buzzing in the bourses following a 10 per cent stake sale through a block deal on Tuesday.

Tree House Education & Accessories has signed a sale deed with Rajveer Global Consultancy LLP Mumbai for sale of property situated in Borivali. The property to be sold has a total area of 4,394.8 square meters and the consideration from the same will be around Rs. 30 crore.

Newlyweds prefer to stay in their own world and don’t worry much about their finances in the initial stages. However, there are certain money mistakes that they make which may hamper their overall financial situation. Read on to find out more.

PTC India has inked a pact with Bhutan-based Druk Green Power Corporation for purchasing surplus power from the 720 MW Mangdechhu hydro-power plant for the next 35 years. 

Following stocks are close to their 52-weeks low as at 12:26 p.m. on August 20, 2019.

The markets on August 20, 2019 opened gap down. BSE Sensex is trading at 37,293.27, down by 109.22 points and the Nifty is trading at 11,005.50, down by 48.40 points. 

The company received confirm export order of Rs. 100 crore for diamond studded gold jewellery. Following this development, the stock gained more than 5 per cent on BSE.

Integrated solar engineering company Sterling and Wilson Solar listed on the exchanges at Rs. 700.00 on BSE at a discount of nearly 10.25 per cent, but as the trading session progressed the stock seems to have gained some traction.

CG Power has discovered unauthorised and undisclosed transactions in the company, said a pre-market release filed by the company this morning. The company's total liabilities may have been understated by Rs. 1,053.54 crore.

Himachal Futuristic Communications Limited (HFCL) has received a Purchase Order (PO) worth Rs. 2,467 crore from Bharat Sanchar Nigam Limited (BSNL) for setting up of the Converged Nationwide IP /MPLS Backbone & Access Network tor Armed Forces under the Network for Spectrum (NFS) Program of the Government of India.

Majority of large cap dedicated funds have under-performed the frontline equity indices. Read on to find more.

Overall volumes in futures & options currently stand at 1,32,68,199 contracts with a turnover of Rs. 8,73,914.63 crore.

Overall volumes in futures & options currently stand at 1,32,68,199 contracts with a turnover of Rs. 8,73,914.63 crore.

RBI has allowed retail investors to participate on a “non-competitive” basis in select auctions of dated Government of India (GoI) securities and Treasury Bills.

Nifty needs to move above the 200-DMA as well as August 9 high of 11182 decisively for a bullish momentum. While, on the downside, in case Nifty breaks the August 14 low of 10935 and closed below this level, it would mean a flag breakdown. Stocks in news: Hero Motocorp, HFCL, Nestle, KEC International, MRPL.

At the time of writing, SGX was trading with modest losses of 14 points at 11,042 level.

The bank is expected to see better growth in its Net Interest Margins (NIMs) post the merger with Bharat Financial. The synergies from the merger are expected to boost the bank’s rural penetration and the bank is expected to mark gradual decline in stress book.

The sentiments turned pessimistic as the Australia and New Zealand Banking Group (ANZ) slashed its forecast for India's economic growth to 6.2 per cent in the financial year ending March 2020 from a previous estimate of 6.5 per cent, warning it would be tough for authorities to engineer a turnaround.

The stock of Pennar jumped 13 per cent intra-day as the company announced orders bagged for the months of June and July 2019.

Ujjivan Financial Services announced its decision to launch IPO of the company’s subsidiary Ujjivan Small Finance Bank (USFB). Reacting to this news, the stock of the company on Monday fell by nearly 8 per cent during intraday trade.

KEC International has secured orders of Rs 845 crore in the emerging Regional Rapid Transit System (RRTS) and Metro sectors in India.

Following a series of positive development, the stock of Sun Pharmaceutical was buzzing on Monday. The stock hit an intraday high of Rs. 434.20 per share, up more than 4 per cent.

The stock of V-Guard Industries has formed opening bullish Marubozu candle on the daily time frame.

Crompton Greaves Consumer Electricals Limited was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The stocks to watch out on August 20 include KEC, Inox, Sun Pharma, L&T and IndiGo.

Shares of Glenmark Pharmaceuticals gained almost 3 per cent intraday after the company received regulatory approval to commercialise the combination drug under the brand names ‘Remo‐M’ and ‘Remozen‐M’.

Hyderabad-based pharma major Dr. Reddy's Laboratories has announced the launch of Versavo (bevacizumab biosimilar), 100 mg and 400 mg in the Indian Market on Monday. The said medicine is used for the treatment of several types of cancers.

In a move towards increasing credit to the MSMEs and the agricultural sector, the state owned bank - Bank of India is planning to raise Rs. 1500 to Rs. 2000 crore through Qualified Institutional Payment (QIP) by the end of this fiscal year.

Following stocks are close to their 52-weeks low as at 12:28p.m. on August 19, 2019.

The markets on August 19, 2019 opened gap up. BSE Sensex is trading at 37,666.85, up by 316.52 points and the Nifty is trading at 11,133.15, up by 85.35 points.

With this local assembly unit, the company will now be able to deliver products in reduced time and at more affordable prices. The assembly plant rolled out its first product, the compact SUV, KUV100 and will roll out a slew of products over the next 3 years.

Retirement is one of the most important phases of financial life which must not be ignored. Having regular income in this phase often helps you to sail over it. So, what are the ways to boost income in retirement? Let’s find out.

While the markets are witnessing a rough patch, buying is still going on in the mutual fund space. Let's check out which stocks attracted the fund managers in July 2019.

The debut of micro finance company (MFI) Spandana Sphoorty on the exchanges was tepid. The stock listed at Rs. 824.00 on BSE at a discount of nearly 4 per cent, but as the trading session progressed the stock turned volatile.

Overall volumes in futures & options currently stand at 1,26,70,037 contracts with a turnover of Rs. 8,29,535.40 crore.

Overall volumes in futures & options currently stand at 1,26,70,037 contracts with a turnover of Rs. 8,29,535.40 crore.

To continue the bullish strength, Nifty needs to move above the 200-DMA as well as August 9 high of 11182 decisively. In case Nifty closes below the August 14 low of 10935, it would mean a flag breakdown. Stocks in news: Tech  Mahindra, Mahindra & Mahindra, Cupid, Titan, Sun Pharmaceutical, Ujjivan Financial Services, Info  Edge, Kridhan Infra, TVS Motor.

At the time of writing, SGX Nifty was trading with a modest gain of 4 points at the 11,058 level.

Rating agency Fitch Ratings has revised the outlook on Reliance Industries Limited's (RIL) long-term local-currency Issuer Default Rating (IDR) to positive from stable and has also affirmed the rating as 'BBB'.

The stocks to watch out on August 19 include Lupin, Godfrey Phillips, Hero MotoCorp, Info Edge and Reliance Industries.

The rupee sentiment was buoyed with Commerce Secretary Anup Wadhawan’s report that exports growth of the country in the current fiscal is likely to be in double-digits despite the challenging situation both on the external and internal fronts.

Sundaram Mutual has announced the launch of its new open-ended equity scheme, Sundaram Equity Fund. Read on to find details.

The stock of Jain Irrigation closed at Rs. 21.75 per share, down by 2.68 per cent on weak topline and bottomline numbers.

Leading pharma company Lupin received the USFDA approval for 0.2% USP hydrocortisone valerate cream. The medication is a medium-strength corticosteroid.

Government of controlled mineral producer, NMDC Limited published prices of iron ore with effect from August 3, 2019 in a stock exchange filing on Friday.

Titan Company was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The BSE Smallcap index has been down by 14.8 per cent so far in 2019. On January 1, 2019, the Smallcap index stood at 14,766.86 which dipped to 12,570.17 as on August 15, 2019.

The company is expected to invest Rs. 53.16 crore (in form of equity & sub-debt) against which the KNR is expected to receive a total of Rs. 95.79 crore through this transaction, which may undergo some changes at the time of COD.

The company has agreed to sell the entire stake of its subsidiary IDFC Securities to former CEO of Axis Capital Dharmesh Mehta and other undisclosed investors. It further stated that necessary definitive agreement is still to be signed among the parties involved.

In an aim to boost oil and gas production, country’s major explorer Oil and Natural Gas Corp (ONGC) is investing around Rs. 83,000 crore in 25 major projects.

Following stocks are close to their 52-weeks low as at 13:02P.M. on August 16, 2019.

Mumbai-headquartered travel and leisure service provider, Cox & Kings made a stock exchange filing which informed that the company defaulted on its commercial paper.

Considering the total count of the reported companies as 2,077, we find that 1,771 companies have posted a negative return since April 1, 2019. During this period, BSE Sensex also posted a negative return of 4 per cent since April 1, 2019 (38871.87 point).

The markets on August 16, 2019 opened gap down. BSE Sensex is trading at 37,306.92, down by 4.61 points and the Nifty is trading at 11,037.35, up by 8.40 points. Meanwhile, the following stocks are close to their 52 weeks high as on August 16, 2019.

These 2,077 companies have posted an aggregate sales growth of 7 per cent during the quarter ended June 30, 2019. Aggregate operating profit growth of these companies stood at 5 per cent and aggregate PAT growth stood at 3 per cent.

The consortium of Titagarh Wagons and its subsidiary Titagarh Firema SpA has emerged as the lowest bidder for the Maha-Metro, Pune project. The company has bid for manufacture of 102 metro coaches for the Pune Metro Rail project.

The Indian equity markets regulator constantly revises the pre-emptive surveillance list to check undue stock price volatility and safeguard the interest of investors.

Overall volumes in futures & options currently stand at 3,87,86,908 contracts with a turnover of Rs. 24,54,436.35 crore.

Overall volumes in futures & options currently stand at 3,87,86,908 contracts with a turnover of Rs. 24,54,436.35 crore.

Kora Management intends to invest US$ 75 million, which is equivalent to Rs 525 crore, in Edelweiss Global Investment Advisors (EGIA) and further invest US$ 50 million, which is equivalent to Rs 350 crore, in Edelweiss Group.

The Executive Committee of Central Board of the State Bank of India has decided to explore the possibility of diluting the bank’s stake in SBI Cards & Payment Services Private Limited through the IPO route.

To continue the bullish strength, it needs to move above the 200-DMA as well as Friday’s high of 11182 decisively. As long as it trades between 11182-10935, traders may not get clear trading opportunities. Stocks in news: PVR, Sun Pharmaceuticals, Coffee Day Enterprises, Voltas, BOSCH, Time Technoplast.

At the time of writing, SGX was up by 50 points trading at the 10,947 level.

Now that India is celebrating its 73rd Independence Day, you too should think of starting your journey towards your financial independence. Read on to find out how to start this journey.

The stocks to watch out on August 16 include IDBI Bank, SBI, Sun Pharma, Jindal Steel & Power and GIC.

The volatility in the equity market has made many investors worry if equity investment is safe. Read on to find if it is safe.

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Markets players were caught by a pleasant surprise by scintillating rally during the latter part of the last week as the markets rose from the ashes like a phoenix. This action is a good illustration of something that Doug Kass says so often, which is that the market has no memory from day-to-day.

Thomas Cook (India) has launched Home Collection Services for its Visa Business. Shares of the company closed in green.

Setco Automotive claims to have managed a resilient performance in Q1FY20. But the market is unable to digest this claim and the stock fell 4 per cent on Wednesday.

Sun Pharmaceuticals Industries Limited has entered into a global licensing agreement with the CSIR Indian Institute of Chemical Technology, Hyderabad (CSIR-IICT), for patents related to certain compounds with potential therapeutic activity across multiple indications in Sun Pharma’s specialty focus areas.

Roll of Honour

The benchmark indices regain their vigour. Nifty reclaimed 11,000 level. The BSE Sensex closed at 37,311.53, up by 353.37 points or 0.96 per cent on Wednesday, while Nifty ended at 11,029.40, up by 103.55 points or 0.95 per cent.

I would highlight [a] intelligent capital allocation to support growth across our businesses, [b] operating strong corporate governance practices and [c] analytics-driven sharp business insights as my three main strategic priorities. There will be several aspects of technology, investment in talent and creating strong centres of excellence as well which will take my time and bandwidth. However, eventually the goal will be to deliver sustainable shareholder value. 

CFO should focus on bottomline growth, besides topline growth. Risk mitigation is another major role of CFO in the company. We at Kewal Kiran have always focused on profitable and healthy growth. Focus on cash flows of the company is another major factor in retail business as business needs strong balance sheet to support the growth in the long run. In the changing times, CFOs are also a part of talent strategy and talent building to achieve goals of the company. 

Satin Creditcare, along-with its three wholly-owned subsidiaries, is becoming a differentiated financial services group serving the unserved/underserved. Besides microfinance, the company is venturing into financing affordable housing, MSMEs, cross-selling, digital lending through “LoanDost” and business corresponding services. In today’s challenging external environment for financial services, the three main strategic priorities are as under: 

Avenue Supermarts Ltd. conducts business operations under the brand name D-Mart. It is a chain of hypermarket stores founded by Radhakishan Damani in 2002. The company was listed in March 2017. Brands such as D-Mart Minimax, D-Mart Premia, D-Homes, Dutch Harbour, etc are owned and operated by Avenue Supermarts. The company aims to be the lowest price retailer in its area of operations.

Steel Strip Wheels Limited has received exports order worth Rs. 17 crore from the Western Hemisphere market.

As the CFO of GHCL, I do realise the tremendous responsibility I have of spurring the organisation’s growth as well ensuring that we take well thought out spending and investment decisions, ensure optimum ROI, and governance to keep our stakeholders satisfied. 

Shri Sanjay Upadhyay is an Associate Member of the Institute of Cost Accountants of India. He is also a Fellow Member of the Institute of Company Secretaries of India. He has completed an Advanced Management Programme from Wharton, USA. He has vast experience in the areas of Finance, Accounts, Commercial and Secretarial Functions. He is associated with the Company since 1994. 

Increase in ROE can be caused by many of the factors like higher profit margins, higher capital turnover, higher financial cost ratio, higher financial structure ratio and, lastly, due to change in tax structures.Since shareholders are interested in return on the money they have invested, they should prefer to invest in stocks with higher ROE.

The stock of Linde India was buzzing on Wednesday as the company divested its industrial gases business in the southern part of India after the divestment was approved by the Competition Commission of India.

We will be focusing on following business aspects for growth in coming years: 

I am an individual having HUF. The annual income of HUF is around Rs.10 lakh. The HUF has paid life insurance premium on behalf of the members of family. Can HUF get deduction under section 80C of the Income Tax Act and what is the maximum ceiling?