All - MoneyVidya.com recently got some coverage on ET Now, on a show called ‘Starting up’. We did an elevator pitch for some funding. Check it out on YouTube: www.youtube.com/watch?v=TqdgTlD9l6c
MoneyVidya.com is a stock picking community where you can follow top Indian Investors, Traders and Stock Market Enthusiasts. Visit MoneyVidya.com and join the community todayMoneyVidya.com’s unique rating system identifies the top stock pickers from all our members. Here is what our top investors are saying;
Short Term:
ISB_shan (4/5 stars) – BUY IVRCL Industries for 3 months with target of 390
Medium Term:
Vijay57 (5/5 stars) – BUY Reliance Infrastructure for one year with a target of 1500
Long Term:
Anurag (5/5 stars) – BUY Ruchi Soya Industries for two years with a target of 65
Check out more free stock picks and become a 5 star analyst yourself on MoneyVidya.com!
It is often remarked that the stock market, particularly in India, is driven as much by sentiment as fundamentals. The MoneyVidya Index (MVX) is a sentiment indicator which is derived from the number of Buy and Sell picks made on moneyvidya.com.
The chart below shows both the MVX and the Nifty since 2nd Jan, with the MVX Buy and Sell signals highlighted.
Throughout the period in question the Nifty gained 34.5% while trading the MVX signals yielded 62.5%; an average outperformance of 4.5% per month over the last 6 months.
Not only that but following the MVX resulted in funds being invested for 65 days rather than the full 6 months. Therefore switching funds between cash investments and a Nifty tracker, on the basis of the MVX signals, would have earned an investor almost double the return earned by just holding the Nifty.
Currently the MVX is still demonstrating negative sentiment, as it has been since the end of May. This indicates that now is not the best time to be opening up fresh long positions at the index level, although individual stocks may well outperform.
Going forwards I will be posting the MVX up each week and commenting on the causes and implications of movements in the index.
MoneyVidya.com’s unique rating system identifies the top stock pickers from all our members. Here is what our top performers are saying today.
Short Term:
bkgala (5/5 stars) - BUY JSW Steel for one month with a target of 660
niftyjaduger (5/5 stars) - BUY Max India for three months with a target of 250
Medium Term:
niftyjaduger (5/5 stars) – BUY Tulip Telecom for six months with a target price of 1150
sheels (5/5 stars) – BUY Igarashi Motors India for one year with a target of 30
Long Term:
shrivallbha (5/5 stars) – BUY Indowind Energy for two years with a target of 88
Check out more free stock picks and become a 5 star analyst yourself on MoneyVidya.com!
MoneyVidya.com’s unique rating system identifies the top stock pickers from all our members. Here is what our top performers are saying today.
Short Term:
bkgala (5/5 stars) - BUY CMC for three months with a target of 1100
bkgala (5/5 stars) - BUY India Infoline for three months with a target of 157
Medium Term:
sheels (5/5 stars) – BUY MIRC Electricals for one year with a target price of 20
drnifty (5/5 stars) – BUY BPL for one year with a target of 74
Long Term:
sheels (5/5 stars) – BUY Shanthi Gears for two years with a target of 75
sheels (5/5 stars) – BUY Sona Koyo Steering Systems for two years with a target of 25
Check out more free stock picks and become a 5 star analyst yourself on MoneyVidya.com!
MoneyVidya.com’s unique rating system identifies the top stock pickers from all our members. Here is what our top performers are saying today.
Short Term:
itrade4profit (5/5 stars) - BUY CMC for one month with a target price of 960
rameshds (5/5 stars) - BUY Hindustan Machine Tools for one month with a target of 87
Medium Term:
shrivallbha (5/5 stars) – BUY Era Infra Engineering for six months with a target price of 156
shrivallbha (5/5 stars) – BUY Mcleod Russel India for one year with a target price of 175
Long Term:
shrivallbha (5/5 stars) – BUY Sun Pharma Advanced Reasearch Company for two years with a target of 160
shrivallbha (5/5 stars) – BUY Gokaldas Exports for two years with a target of 190
Check out more free stock picks and become a 5 star analyst yourself on MoneyVidya.com!
MoneyVidya.com’s unique rating system identifies the top stock pickers from all our members. Here is what our top performers are saying today.
Short Term:
itrade4profit (5/5 stars) - BUY Core Projects & Technologies for one month with a target of 170
bkgala (5/5 stars) - BUY Reliance Capital for one month with a target of 970
Medium Term:
Giri.d (4/5 stars) – BUY Punj Lloyd for six months with a target price of 330
Long Term:
ansil (4/5 stars) – BUY Bartronics India for two years
Check out more free stock picks and become a 5 star analyst yourself on MoneyVidya.com!
Crude Current View :
Dow Jones :
Gold Technical view :MoneyVidya.com’s unique rating system identifies the top stock pickers from all our members. Here is what our top performers are saying today.
Short Term:
bkgala (5/5 stars) - BUY Everonn Systems India for one month with a target of 450
bkgala (5/5 stars) - BUY Crompton Greaves for three months with a target of 335
Medium Term:
Rahim1525 (5/5 stars) – BUY Sesa Goa for one year
Long Term:
rahim1525 (5/5 stars) – BUY NTPC for two years
technovestor (5/5 stars) – BUY Geodesic Information Systems for two years
Check out more free stock picks and become a 5 star analyst yourself on MoneyVidya.com!
MoneyVidya.com’s unique rating system identifies the top stock pickers from all our members. Here is what our top performers are saying today.
Short Term:
bkgala (5/5 stars) - BUY Kotak Mahindra Bank for one month with a target of 645
bkgala (5/5 stars) - BUY Aptech for three months with a target of 175
Medium Term:
drnifty (5/5 stars) – BUY Agro Tech Foods for twelve months with a target price of 199
rahim1525 (4/5 stars) – BUY Sesa Goa for one year
Long Term:
puneet144 (5/5 stars) – BUY Opto Circuits India for two years
rahim1525 (4/5 stars) – BUY Tata Elxi India for two years
Check out more free stock picks and become a 5 star analyst yourself on MoneyVidya.com!
MoneyVidya.com’s unique rating system identifies the top stock pickers from all our members. Here is what our top performers are saying today.
Short Term:
itrade4profit (5/5 stars) - BUY Arihant Foundations & Housing for one month with a target of 120
bkgala (5/5 stars) - BUY ACC for one month with a target of 770
Medium Term:
drnifty (5/5 stars) – BUY Insectisides India for one year with a target of 111
drnifty (5/5 stars) – BUY C&C Constructions for one year with a target of 299
Long Term:
drnifty (5/5 stars) – BUY JMC Projects India for two years with a target of 262
anurag (5/5 stars) – BUY Ballarpur Industries for two years with a target of 35
Check out more free stock picks and become a 5 star analyst yourself on MoneyVidya.com!
MoneyVidya.com’s unique rating system identifies the top stock pickers from all our members. Here is what our top performers are saying today.
Short Term:
bkgala (5/5 stars) - BUY Bajaj Hindustan for 1 month with a target of 277
drnifty (5/5 stars) - BUY Jet Airways for one month with a target of 280
Medium Term:
ajay99 (5/5 stars) – BUY Tata Investment Corporation for three months with a target price of 420
sumit.cfp (5/5 stars) – Essar Oil for six months with a target of 225
Long Term:
anurag (5/5 stars) – BUY VIP Industries for two years with a target of 80
puneet144 (5/5 stars) – BUY NIIT for two years with a target price of 153
Check out more free stock picks and become a 5 star analyst yourself on MoneyVidya.com!
Check out more free stock picks and become a 5 star analyst yourself on MoneyVidya.com!
About
Patni is an IT services company similar to Infosys, WIPRO and other companies in the same industry. The company derieves a major portion of its revenue from the US. The main industry segments in which the company operates are Financial services, insurance, manufacturing and media.
The key feature of the business model is offshoring. Indian IT services company provide a cost advantage to the customer by executing the work in low cost locations such as India.
Financials
The company has been doing fairly well financially for the last couple of years. It has been able to maintain its ROE in excess of 15% over the past 5 years. The calculated ROE is depressed due to high cash on books (running almost 1400 Crs now). The company had a good topline growth till 2005, which slowed down in 2007 and 2008. However it has still been able to pull off a double digit growth for 2008.
The net margins has dropped from around 20% to around 13% levels due to forex losses. The net margins are not as high as the Tier I companies such as infosys, but still at healthy levels.
The net profit growth has been fairly erratic in the last few years due to the forex changes. However the profit has doubled in the last 5 years inspite of the major changes in the market such as recession, flucutations in the Rupee-dollar rates and increases in the salary etc.
This article was written by Rohit Chauhan. He also writes at his own blog Value investor india.Powered by Twitter Tools.
The markets showed signs that fear was on the rise this week as heavy selling and volatile trading saw an end to the spectacular run of recent advances. Fridays trading was especially volatile and a late rebound, driven by the heavy industry stocks which had been sold aggresively throughout the week, coincided with positive cues from European and Asia bourses. This will to some extent put an overly positive spin on a week which saw the first real correction since the rally began some 15 weeks and 7,000 Sensex points ago.
Despite the gains on Friday, the Sensex closed the week down 716 points or 4.7% at 14,522. The Nifty meanwhile shed 270 points to end the week on 4,314, representing a loss of 5.9%.
The reversal in benchmark index performance mirrored a reversal in recent FII flows with 1,369 Cr of net sales representing the worst week on this front for a long time. Volumes were slightly lower than have been seen in recent weeks.
Typically the weeks preceeding the full year budget are associated with a strong move in the markets, with history suggesting an equal chance of either an advance or a decline. With the steam apearing to have already run out of the rally, crude on the rise and the monsoon disappointing, the liklihood of a significant advance now seems low.
Many institutions (both foreign and domestic) may adopt a wait and see strategy regarding the upcoming budget which could result in a drying up of demand. However, the volume of excess liquidity that exists at the monment should be enough to offset the threat of a really dramatic downmove.
All eyes remain fixed on budget day and the markets are likely to remain volatile between now and then, with some downward bias becoming increasingly likely.
MoneyVidya.com has teamed up with Deepak Singh, an esteemed Analyst and blogger at stateofthemarket.net to bring you yet another Free Web Seminar on the ‘State of the Market’ for the week starting Monday. This seminar will be held at this Sunday (June 14) at 11.00 am. participating is easy so long as you have speakers/headphones and a broadband connection. Visit MoneyVidya.com is a stock picking community where you can follow top Indian Investors, Traders and Stock Market Enthusiasts. Visit MoneyVidya.com and join the community today
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Nifty was moving in a trading range from many weeks and finally Nifty has broke out from 3520 levels and now its a very strong support point . At the time of writing this , Nifty has already moved up to 2630 and hence now its showing positive momentum on upside .
People can buy Nifty Futures or Options If Nifty comes back to 3550 levels back , That would present a good opportunity to BUY . Please understand that It does not guarantee that Nifty will go up again, but probability favours it and from Risk/reward point of view , its a good Trade . So be patient and wait for it to come bacm to 3550 levels . If it comes then BUY , else forget it .
People who dont understand Derivatives can buy or sell Nifty ETF’s .
- Dont be greedy and put limited capital , dont sell your home and put all your money .
- Be Patient and wait for this to happen , If it doesnt happen , leave it and look for another opportunity .
Friday proved to be an extremely slow, but modestly higher session at the US markets. The big headline of the day came late morning when a government source said it would announce information on the bank stress tests late afternoon on Thursday, May 7 instead of Monday, May 4 as announced earlier. The Dow closed 44.29 points higher (+0.54%) to end the day at 8,212.41. The index rose marginally as it opened, and then consolidated those gains through the day. The NASDAQ closed 1.90 points higher (+0.11%) to finish at 1,719.20.
It was a mixed day for the Indian ADRs, with a lot of them closing flat on Friday. HDFC Bank (HDB) was the biggest gainer, up 0.92% to close at $74.94. Infosys Technologies (INFY) was the biggest loser, down 0.11%, closing at $30.70.
The swine flu did not have much of an impact on the European markets, with most of them remaining reasonably bouyant on Friday. The UK’s FTSE closed 0.49 points down (-0.01%), ending at 4,243. Germany’s DAX closed 64.89 points higher (+1.38%), ending trading at 4,769.
As of 9:50 am IST, Asian markets were seeing significant gains. Japan’s Nikkei is currently trading 149.11 points higher, up 1.69%. The Hang Seng is currently trading 569.40 points higher, up 3.67%.
WTI Brent crude oil closed at $53.28 per barrel, up $0.08 (+0.15%). Nymex light crude June futures closed at $53.40, up $0.20 (+0.38%). June COMEX gold futures closed at $892.30 per ounce, up $4.10 (+0.46%).
As of 9:55 am IST, the Yen (¥) fell against the USD, by ¥0.34 to ¥99.43. The Euro (€) rose €0.0035 to €0.7501 against the dollar. The Pound (£) rose by £0.0016 to £0.6688 against the dollar.
The rupee remained at the same level of gains seen on Wednesday, gaining by Rs. 0.47 to close at Rs 50.04/05 against the greenback.
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Investments are of various types and are in various forms. Not all investments are profitable , a few of them may be and few may not be.
Few investments are based on fixed returns and few are based on market conditions and of whose future cannot be predicted. There should be a balance between such kinds of investments. Not all of your money should go into one source of investments.
Various kinds of investments -
There should be a complete balance between the investments you choose.
Best investment would be defined as a investment which gives maximum returns over a period of time over other investments.
Soon I would be coming up with a post How much and Where to Invest ?
The post is written by Chirag Jethmalani on www.Squamble.Com
Thursday’s trading session on the US markets, concluded in lackluster fashion after sellers moved against energy and financial stocks. The Dow closed 17.61 points lower (-0.22%) to end the day at 8,168.12. The index rose sharply as it opened, but lost the gains that it made initially, just as quickly. The NASDAQ closed 5.36 points higher (+0.31%) to finish at 1,717.30.
Almost all the Indian ADRs closed in the red on Thursday. Tata Comm. (TCL) was the sole gainer, up 0.17% to close at $22.01. HDFC Bank (HDB) was the biggest loser, down 0.91%, closing at $73.82.
Marginal gains notwithstanding, European markets remained speculative, in the face of uncertainties such as the swine flu that may come there way to affect them negatively. The UK’s FTSE closed 54.12 points up (+1.29%), ending at 4,244. Germany’s DAX closed 64.89 points higher (+1.38%), ending trading at 4,769.
As of 9:40 am IST, Asian markets were seeing marginal gains. Japan’s Nikkei is currently trading 46.36 points higher, up 0.53%. The Hang Seng remains closed on account of May Day.
WTI Brent crude oil closed at $50.85 per barrel, down $0.27 (-0.53%). Nymex light crude June futures closed at $50.88, down $0.24 (-0.47%). June COMEX gold futures closed at $885.80 per ounce, down $5.40 (-0.61%).
As of 9:45 am IST, the Yen (¥) fell against the USD, by ¥0.31 to ¥98.87. The Euro (€) rose €0.0013 to €0.7543 against the dollar. The Pound (£) fell by £0.0009 to £0.677 against the dollar.
Shrugging off a worse-than-expected GDP reading, the US markets on Wednesday saw stocks lead up to their best single-session gain in one week. Financial stocks led the charge and helped keep the broader market in the green for the entire session. The Dow closed 168.78 points higher (+2.11%) to end the day at 8,185.73. The index rose sharply as it opened, and then continued to consolidate its gains through the day. The NASDAQ closed 38.13 points higher (+2.28%) to finish at 1,711.94.
Almost all the Indian ADRs closed in the red on Wednesday. Tata Comm. (TCL) was the sole gainer, up 0.17% to close at $22.01. HDFC Bank (HDB) was the biggest loser, down 0.91%, closing at $73.82.
Significant gains in banking and pharmaceutical stocks ensured that the European markets closed on a high. The UK’s FTSE closed 93.19 points up (+2.27%), ending at 4,190. Germany’s DAX closed 97.14 points higher (+2.11%), ending trading at 4,705.
As of 10:15 am IST, Asian markets were seeing significant gains. Japan’s Nikkei is currently trading 289.16 points higher, up 3.40%, while the Hang Seng is currently up 347.69 points (+2.32%).
WTI Brent crude oil closed at $51.35 per barrel, up $0.38 (+0.75%). Nymex light crude June futures closed at $51.37, up $0.40 (+0.78%). June COMEX gold futures closed at $895.00 per ounce, down $5.50 (-0.61%).
As of 10:20 am IST, the Yen (¥) rose against the USD, by ¥0.29 to ¥97.25. The Euro (€) fell €0.0001 to €0.7534 against the dollar. The Pound (£) rose by £0.0007 to £0.6758 against the dollar.
The rupee rose on Wednesday by Rs. 0.47 to close at Rs 50.04/05 against the greenback.
While many people had previously adopted an “innocent until proven guilty” stance towards PwC’s role in the Satyam fraud, the fact that the CBI are now charging that they “knowingly certified the inflated and forged balance sheets” may end this position.
The charges filed by the CBI today claim that PwC verified Satyam’s true cash position and chose to ignore the massive discrepencies between the banks view and Satyam’s view, in return for a fee hugely over the market rate. This accusation will be massively damaging to the worlds largest audit house, not only in the formal proceedings but also to their commercial future in India, should they be allowed to have one (and they should not).
Whatever the outcome of the formal proceedings is, the response of PwCs remaining clients to these charges, will speak volumes about corporate governance in India and will impact the way it is perceived globally. While the revokation of PwCs licence would remove the element of choice from their other clients, the markets reaction should this not happen should be keenly watched.
In countries where the veracity of audited numbers is taken for granted, this kind of scandal would guarantee the end of PwC the brand, making it commercially untouchable. If they do manage to survive the court case and then retain clients, foreign investors will be asking serious questions about companies who have chosen to remain with the tarnished firm. Domestic investors should also be asking the same questions, particularly of those firms paying an unusually hefty fee.
I know it has become the norm but why is all economic data reported in newspapers in a totally misleading way?
In DNA Money this morning (singled out only because it was the paper I read not because others aren’t guilty) the front page headline said “Exports fall 31% in March”. For people unfamiliar with lazy newspaper speak, this implies that at the end of March exports were 31% lower than at the beginning. Actually what they meant was exports were 31% lower this March than last March.
It looks like we should ammend the saying to “there’s lies, damn lie, statistics and statistics in newspaper headlines”
Following the gains that had been made at the beginning of this week, Friday was marked by profit booking at the US markets, resulting in the markets closing down. The Dow closed 122.42 points down (-1.65%) to end the day at 7,278.38. The index opened flat and then only continued to slide down as the day progressed. The NASDAQ closed 26.21 points down (-1.77%) to finish at 1,457.27.
Most of the Indian ADRs were in the red, with only two of them seeing some gains on Friday. Tata Comm. (TCL) was the biggest gainer, up 0.55%, closing at $18.82. HDFC Bank (HDB) was by far the biggest loser, down 2.7%, closing at $54.31.
The European markets were marked by reasonable gains, in light of the aggressive policy actions being taken by the US administration to improve market conditions and availability of capital. The UK’s FTSE closed 25.92 points up (+0.68%), ending at 3,843. The index made significant gains through the day, and eventually managed to close marginally higher. Germany’s DAX saw some major gains too, closing 25.28 points up (+0.63%), ending trading at 4,069.
As of 12:22 pm IST, the Asian markets had seen some major gains. Japan’s Nikkei closed on a significantly high note, ending 269.57 points up (+3.39%). Hong Kong’s Hang Seng is currently up 485.35 points (+3.78%).
WTI Brent crude oil was up $0.72 to $52.79 per barrel (+1.38%). Nymex light crude April futures were up $0.67 (+1.29%) to close at $52.74. April COMEX gold futures fell $0.70 (-0.07%) to close at $955.50 per ounce.
As of 12:33 pm IST, the Yen (¥) fell against the USD, falling ¥0.26 to ¥96.18. The Euro (€) rose €0.0061 to €0.7302 against the dollar. The Pound (£) rose £0.0059 to £0.6863 against the dollar.
The Indian Rupee (Rs.) rose against the dollar by Rs. 0.14 as the markets opened today and is currently trading at Rs. 50.49 against the greenback.
Tuesday was a good day at the US markets with a rebound in financial stocks resulting in the bourses moving up. The Dow closed 178.73 points up (+2.48%) to end the day at 7,396. The index opened up, then continued to move up through the day. The NASDAQ closed 58.09 points up (+4.14%) to finish at 1,462.11.
Indian ADRs were down on the whole, with the majority ending in the red. ICICI Bank (IBN) was the biggest gainer, up 0.84%, closing at $12.6. The biggest loser was HDFC BANK (HDB), down 0.9%, closing at $52.34.
After 5 straight days of gains, the European markets saw some losses on Tuesday. The UK’s FTSE closed 6.89 points down (-0.18%), ending at 3,857. The index opened up, then moved sharply down, and eventually closed slightly down. Germany’s DAX closed 56.77 points down (-1.40%), ending trading at 3,988.
As of 8:14 am IST, Asian markets were seeing some significant gains. Japan’s Nikkei is currently trading 1.41 points higher, up 0.02%. The Hang Seng is currently up 240.46 points (+1.87%).
WTI Brent crude oil was down $0.35 to $48.81 per barrel (-0.71%). Nymex light crude March futures was down $0.28 (-0.57%) to close at $48.88. April COMEX gold futures fell $1.80 to close at $915.00 per ounce.
As of 8:18 am IST, the Yen (¥) gained against the USD, rising ¥0.23 to ¥98.33. The Euro (€) gained €0.0006 to €0.7674 against the dollar. The Pound (£) gained £0.0001 to £0.7115 against the dollar.
The Indian Rupee (Rs.) fell against the dollar by Rs. 0.09 and is currently trading at Rs. 51.49/51 against the greenback.
The articles in this blog are personal opinions of the authors' and should not be construed as investment advice.
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