Wednesday, January 24, 2018

TCS over takes RIL as most valued company

TCS has over taken RIL as most valued company on the Indian bourses. TCS ( Rs 3240) which is up around 4% in the early trade has a market cap of Rs 6.20 lac Cr. And RIL ( Rs 971) is down Rs 9 in the morning trade and its market cap stands at Rs 6.14 lac Cr.

India Bulls HFC reports good numbers

 Indiabulls Housing Finance Company's third quarter profit rose 55% from a year earlier because of a one-time gain from the sale of its investment in Oak North Bank and strong growth in revenue.

Net profit rose to Rs1,168 crore in the quarter ended 31 December from Rs 752 crore a year ago.

IBHFL sold its 10% stake in Oak North Bank, for Rs 238 crore in November 2017. 

No stopping Nvidia, hits new high

Image result for nvidia


Nvidia has been a serial out-performer for the last couple of years, and it's on track for more of the same in 2018.  This big tech stock is charging higher and higher every week. It touched new high of $239 in Tuesday trade and closed at $ 238.91.

Nvidia has a market-cap of $ $145 billions. Its competitor Intel closed at $ 46.06 and market cap stands at $ 216 billions.

In the last one year Intel has gained 30%, where as Nvidia surged more than 110%.

 FirstChoiceIPO had recommended buying Nvidia when it was trading around $100, a year ago.  The stock since then has gained more than $ 130.

BofAML turns bearish on India

Bank of America Merrill Lynch  has cautioned that the Sensex could go down to 32,000 by December 2018, dragged down by likely introduction of new long-term capital gains tax on equities.

It warned that this could not only mar sentiments, but also hurt domestic inflows. The  Sensex gained by 342 points and closed above 36,100 level, in yesterday's trade.


Tuesday, January 23, 2018

Ponzi schemes : Chinese investors lose $ 5 billions

 Chinese authorities are struggling to quell protests following the collapse of an investment scheme police that took around $ 5 billion from millions of depositors.

The sudden collapse of Qianbao.com adds to a string of failures of Chinese financial ventures blamed on fraud or mismanagement that have prompted protests and complaints of official indifference to the suffering of small investors.

ILO : Unemployment to rise in India

India could witness a higher unemployment rate of 3.5 per cent in 2018, a little more than the 3.4 per cent projected earlier, says the International Labour Organisation.

According to its latest report, the number of jobless in the country will increase to 18.6 million in 2018 and 18.9 million in 2019, against 18.3 million in 2017.

FORTHCOMING IPO : Bharat Dynamics Limited


ISSUE DETAILS :



Issue size
25% of the paid up capital of Rs 122 Cr


Face Value
Rs 10


Promoters
Govt of India
Business
Manufacturer of guided missiles and allied defence equipment.
Registrar
Karvy
Listings
Bse, Nse
BRLM
SBI Capital Markets, IDBI Capital Markets & Securities and Yes Securities.

FORTHCOMING IPO : ROUTE MOBILE LIMITED



ISSUE DETAILS :



Issue size
Rs 350 Cr


Face Value
Rs 10


Promoters

SANDEEP KUMAR GUPTA AND RAJDIP KUMAR GUPTA

Business
Cloud-communication platform service providers to enterprises, over-the-top players and mobile network operators.

Registrar
Karvy
Listings
Bse, Nse
BRLM
Motilal Oswal, IDBI Capital markets, Yes Securities

IPO ANALYSIS : VASA RETAIL AND OVERSEAS LIMITED - AVOID


Issue Details :


Issue opens  / closes on
24-01 /29-01-2018
Issue size
16,00,000 equity shares
Face value
Rs 10
Price band
Rs 30
Promoters
HARDIK VASA; AND MS. KAJAL VASA

Business
Trading - stationery / allied products
Listings
Nse, emerge
BRLM
Hem Securities
Registrar
Big Share

IPO ANALYSIS : GALAXY SURFACTANTS LIMITED


Issue Details :

Issue opens  / closes on
29-01 /31-01-2018
Issue size
63,31,674 equity shares
Face value
RS 10
Price band
Rs 1470-1480
Promoters
UNNATHAN SHEKHAR,
GOPALKRISHNAN RAMAKRISHNAN,
SUDHIR
DATTARAM
PATIL SHASHIKANT
SHANBHAG

Business
Manufacturers of surfactants and other speciality ingredients for the personal care
and home care industries.

Listings
Bse, Nse
BRLM
ICICI Securities, Edelweiss, J M Financials
Registrar
Link Intime
Await detailed analysis.

Nifty touches 11,000 mark for the first time

Nifty touched 11,000 mark for the first time, in the today's early trade.  IOC, VEDL, Axis Bank,  Hindalco and Infy are the top 5 gainers as of now.

Banks freeze Bitcoin exchange accounts

Banks have frozen 10 bitcoin exchanges accounts. The banks include State Bank of India, HDFC Bank, ICICI Bank, Axis Bank and Yes Bank. Recently  RBI had intimated to the banks that they should take care with respect to the account of those dealing in bitcoins. Bankers says that the accounts have been frozen until an enhanced due diligence process could be completed.

Bitcoin as of now trading around $ 10,900, down 6 percent.

Monday, January 22, 2018

CEC and President's haste may pull down one BJP government

BJP's rejoice over disqualification of AAP MLAs may not lost long. By applying the same analogy in Chhattisgarh, the BJP government will have to step down and it will become a minority. 

In the 90-member Chhattisgarh Assembly, the saffron party has 49 MLAs compared with Congress' 39. In case its 11 MLAs are disqualified, the Raman Singh government will be down to 38 MLAs, which is below the magic figure of 46.

Apollo Micro IPO debuts at Rs 167 premium

Apollo Micro System's IPO debuted at Rs 465 and closed at Rs 442, as against the IPO price of Rs 275.  The closing price is over 60% of the offer price.

FirstChoiceIPO is among the top 5 IPO blogs

List of top 5 IPO web site / blogs:


1

CNBC | IPOs

CNBC | IPOs
About Blog - Get all latest & breaking news on Ipo on CNBC.
Frequency - about 11 posts per week
Since - Jan 2016
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2

Seeking Alpha | IPO

Seeking Alpha | IPO
About Blog - Real time IPO News in the market. Get the latest headlines and updates in upcoming IPOs. Read the news as it happens.
Frequency - about 3 posts per week
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3

Google News | IPO

Google News | IPO
Mountain View, CA
About Blog - Comprehensive IPO up-to-date news coverage, aggregated from sources all over the world by Google News.
Frequency - about 15 posts per week
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4

Indian IPO Blog | Analysis and Insights into the world of IPOs and investing in India

Indian IPO Blog | Analysis and Insights into the world of IPOs and investing in India
India
About Blog - ndian IPO Blog offers Indian IPO News, Indian IPO Details, IPO Information, IPO Statistics, and more on Indian IPOs.
Frequency - about 2 posts per week
Since - Feb 2007
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5

FirstChoice IPO Analysis

FirstChoice IPO Analysis
Bangalore
About Blog - Unbiased and cutting-edge IPO Analysis. Most reliable website for IPO analysis.
Frequency - about 28 posts per week
Since - May 2009
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