Breaking News – New Business Definitions

BSE = BOMBAY SE EXIT

NSE = NATION SE EXIT

F/O = FUTURE OVER

NIFTY = NO INCOME FOR THIS YEAR

FII = FRAUD INTERNATIONAL INVESTOR Continue reading “Breaking News – New Business Definitions” »

Author: Austin Comments: 0 comments Date: 8 Jul 2008 More: Read more
Categories: Humor Tags:

BUY: KEI Industries, target Rs84

Source: Sharekhan
Recommendation: Buy
Price target: Rs84
Current market price: Rs47

Price target revised to Rs84

Result highlights

  1. KEI Industries (KEI) has reported an increase of 24.6% in its revenues to Rs258.5 crore for Q4FY2008. The growth in its sales is in line with our expectations.

  2. During the quarter the company made provisioning for mark-to-market losses of Rs3.67 crore on its exposure to foreign currency derivatives made for the purpose of hedging currency and interest rate-related risks.

  3. Adjusting for the provisioning, the operating profit grew by 7.9% to Rs27 crore, translating into an operating profit margin (OPM) of 10.5%. Thus, in Q4FY29008 the OPM declined by 160 basis points year on year (yoy). Continue reading “BUY: KEI Industries, target Rs84” »

Author: Austin Comments: 0 comments Date: 21 Jun 2008 More: Read more
Categories: Stock Calls Tags: , , , ,

ESS DEE Aluminium Ranks No.1 in Packaging Sector

ESS DEE Aluminium Limited has informed the Stock Exchange that: “ESS DEE Aluminium Limited has been ranked No.1 in the Packaging Sector for the year 2007 based on the ranking of the Top 500 Indian Manufacturing SMBs, initiated by Industry 2.0, a monthly manufacturing technology publication. Shri Sudip Dutta, Chairman & Managing Director of the Company received the Award of being the Top Indian SMB in Packaging Sector for 2007 at the Second “Industry 2.0 SMB Conclave & Awards Night” held on 30 May 2008 at New Delhi”. Continue reading “ESS DEE Aluminium Ranks No.1 in Packaging Sector” »

Author: Austin Comments: 0 comments Date: 11 Jun 2008 More: Read more
Categories: Stock Calls Tags: , , , , ,

BUY: ESS DEE Aluminium, target Rs 689

Prabhudas Lilladher has maintained buy rating on ESS DEE Aluminium with target price of Rs 689, implying upside potential of 55%, in its May 28, 2008 report.”We expect the company to report 31% CAGR in net sales and 48% CAGR in net profit over FY08-10. We also expect its EBIDTA margin to improve from 27.9% in FY08 to 32.4% in FY10 due to the introduction of new products, capacity expansion and entry into FMCG segment. At the CMP of Rs443, the stock trades at 16.8x FY08 EPS of Rs26.4, 9.0x FY09E EPS of Rs49.4 and 7.7x FY10E EPS of Rs57.4. Continue reading “BUY: ESS DEE Aluminium, target Rs 689” »

Author: Austin Comments: 0 comments Date: 9 Jun 2008 More: Read more
Categories: Stock Calls Tags: , ,

Document Checklist for Loans

Document Checklist for Loans

The application for the home loan is a very simple procedure. Most banks offer a home banking facility wherein the bank’s executive visits you at a convenient time, at your home or office. He liaises between you and the bank, also suggesting schemes, added benefits, interesting insurance policies and educating you on the best rate of interest. However certain homework is essential about the interest rate offered by other banks for a comparative analysis and also enquiring about hidden charges in processing fees and penal interest.

Here’s a ready reckoner for the list of documents to avail home loans.

FOR SALARIED APPLICANTS

 

  • Photographs of recent nature. The number of photos specified by the bank.
  • Identification with photographs in the form of Election Identity Card/ PAN card/ valid driving license/ valid passport.
  • Form 16 with current employer. In case of change of job (in an assessment year) then it is necessary to submit Form 16 from both the employers.
  • Exact proof of address is done with Passport/ telephone bill/ electricity bill/ agreement of house rent in case of rental residence.
  • The salary slips of the past three or six months has to be submitted to the bank in original, which features the salary statement for the past six months.
  • The initial cheque for the processing fee favoring the bank has to be submitted for processing the loan. Continue reading “Document Checklist for Loans” »
Author: Austin Comments: 1 comment Date: 1 Jun 2008 More: Read more
Categories: Loan Tags: , , ,

10 common trading mistakes

10 common trading mistakes

Photo by twenty_questions

Mistakes are a part of trading. Every trader makes them. But the most successful traders in the world—the ones who make huge profits every year—are the ones who make the least number of mistakes. The following is a list of ten common trading mistakes. Once you’ve learned to avoid these errors, you’ll expand your knowledge of the futures and options markets and increase your chances of making more winning trades.

#1. FOLLOWING THE CROWD

Although it’s been said there’s safety in numbers that statement almost never applies to trading. Successful traders know that it’s better to “lead the pack” than it is to blindly “follow the herd.” Because the biggest profits are made by catching moves before the crowd has a chance to react, it’s important that you form your own opinions and then act on them with total confidence.

#2. REVERSING YOUR POSITION

If your position is wrong, avoid the temptation of making a 180-degree turn. Instead, get out and give your trading a rest before taking another position. Ignore this advice, and you run the risk of being whipsawed—losing as the market moves against you, then losing more when the market turns and goes against you again.

#3. TRYING TO PICK TOPS AND BOTTOMS

The smartest traders always let the market price action prove a top or bottom has been formed before taking an active position. Trying to pinpoint tops and bottoms is a risky business where the possibility of taking a loss far outweighs the potential gain. By exercising patience and waiting for a definite high or low to appear, you’ll increase your odds for making a profit while reducing your risk and stress. Continue reading “10 common trading mistakes” »

Author: Austin Comments: 1 comment Date: 29 May 2008 More: Read more
Categories: Trading Tags: , , , , , ,

12 rules that can save you further losses

Famous Zurich Axioms - Trading Principles

Photo by tarotastic

On Risk

Worry is not a sickness but a sign of health if you are not worried, you are not risking enough.
Always play for meaningful stakes if an amount is so small that its loss won’t make any significant difference, then it isn’t likely to bring any significant gains either.
Resist the allure of diversification.

On Greed

Always take your profit too soon.
Decide in advance what gain you want from a venture, and when you get it, get out.

On Hope

When the ship starts sinking, don’t pray. Jump.
Accept small losses cheerfully as a fact of life. Expect to experience several while awaiting a large gain. Continue reading “12 rules that can save you further losses” »

Author: Austin Comments: 1 comment Date: 27 May 2008 More: Read more
Categories: Trading Tags: , , , , , ,

Priceless Words

Priceless Words

Photo by stewied

A husband wakes up at home with a huge hangover. He forces himself to open his eyes, and the first thing he sees is a couple of aspirins and a glass of water on the side table. He sits down and sees his clothing in front of him, all clean and pressed. He looks around the room and sees that it is in perfect order, spotless, clean. So is the rest of the house.

He takes the aspirins and notices a note on the table. “Honey, breakfast is on the table, I left early to go grocery shopping. Love You!”

Totally shocked with the note, he goes to the kitchen and sure enough there is a hot breakfast and the morning newspaper. His son is also at the table, eating. He asks, “Son, what happened last night?” His son says, “Well, you came home around 3 AM, drunk and delirious. Broke some crockery, puked in the hall, and gave yourself a black eye when you stumbled into the door”. Continue reading “Priceless Words” »

Author: Austin Comments: 8 comments Date: 14 May 2008 More: Read more
Categories: Humor Tags: , ,