Sep 29, 2010
Sep 27, 2010
Ashoka Buildcon Ltd
Ashoka Buildcon Ltd. (ABL) undertakes Engineering, Procurement and Constructions (EPC) contracts in roads, bridges (on Build Operate and Transfer basis, [BoT]), commercial and industrial buildings and power transmission and distribution (T&D) projects. ABL currently has an interest in 23 BOT road projects (17 operational and rest under execution) with blended concession period of ~21 years.
Objects of the Issue
ABL, through this public issue intends to raise ~INR 2,500Mn. Post IPO, promoter’s shareholding will reduce to 73% from 84%, currently. The object of the issue is to raise capital to invest in fixed assets, meet its working capital requirements, repay debt of its own and its subsidiaries & associates and for general corporate purposes.
Investment Rationale
Ø Well-established player with proven ability in toll-based BOT projects execution
Ø Healthy Order Book of INR 32,533Mn, 4x its FY10 consolidated revenue
Ø Integrated Business Model with in-house traffic forecast expertise and RMC plants
Concerns
Ø Any significant variation in cost estimates and actual cost could materially impact its future profitability
Ø ABL has advanced a sum of INR 1,630Mn to its subsidiaries, Associates, Promoters etc without interest and any security
Ø Of the total order-book as on May’10, ~73.95%; 9.8% and 10.6% comprises of projects in the states of Maharashtra, Madhya Pradesh and Chhattisgarh. As players in road sector faces stiff competition, regional concentration could hamper the future growth of the company
Ø Unsecured debt of INR 1,599.62Mn on a standalone basis is repayable on demand
Valuation
At the upper price band of 324, ABL stock is offered at 3.8x its Price to Book value (FY10, pre-IPO) and 3x at the lower price band. With higher return on net worth of 17.4% for FY10, the issue is attractively priced for long term investors. Given the positive sector outlook, reasonable valuation and higher Return on Networth when compared with its peers, recommend SUBSCRIBE.
Sep 24, 2010
Tecpro Systems Limited
Tecpro Systems Limited (TSL) provides turnkey solutions in material handling, ash handling, balance of plant ("BoP") and engineering, procurement and construction ("EPC") contracts. Over the years TSL has developed in-house capabilities for providing comprehensive solutions in material handling and ash handling systems. TSL has received the highest number of orders for coal handling plants during the Eleventh Five Year Plan (2007-2012), (Source: RHP, www.cea.nic.in). Leveraging on its capabilities in coal handling, ash handling and established project management track record, TSL has begun to focus on turnkey BoP contracts in thermal power generation sector
Investment Rationale
Ø Current order-book of INR 23.1bn, 1.6x its FY10 revenue on consolidated basis shows quick conversion of order-book to sales and growth outlook for core sector like, Coal, Steel, Power, and Cement etc remains positive over medium to long term. TSL has received the highest number of orders for coal handling plants during the Eleventh Five Year Plan
Ø Strong project management expertise and established track record of project execution
Ø Strong in-house design and manufacturing capabilities
Ø TSL revenue has grown on year-on-year basis by 119.5%, 58.4% and 82.0%, for FY08, FY09 and FY10, respectively and growth outlook continues to remain positive
Concerns
Ø One of the BoP order worth INR 9,930Mn (43% of the current order-book) is subject matter of apex court judgement. Any adverse decision against TSL in these proceedings could result in loss to the extent of expenses incurred but not recovered from client and significant reduction in its order-book.
Ø Top 10 customers constituted ~65% of TSL’s income from operations for FY08-10. Dependency on few clients for most of its revenue exposes TSL to the risk of loss of client / revenue which could materially impact its future business.
Ø TSL had negative cash flows for last five fiscal years
Valuation
At the upper price band of 355, TecPro Systems Ltd is offered at 14.2x its FY10 EPS of INR 25 and 13.6x at the lower band, while its peers are trading at 16x – 20x. Given the robust outlook for core infrastructure sectors like Power, Cement, Steel, Coal, lower valuation and higher Return on Networth when compared with its peers, TSL valuation remain attractive, recommend SUBSCRIBE.
Sep 22, 2010
How to have best investment with high return.
Every investor wants to double his revenue and wants to get double or much more than his hard earned money. Hence for getting highest return it is very necessary to invest in right place. But for investing in right place , the first question which strikes our mind is “which is the best place to invest, for getting high returns?” before we continue to find this questions answer make sure that you are not going to count all of your previous experience of the investments. You would have seen many brokers by saying to prove themselves with the right best place to invest your hard earned money but sooner you might get to know that the low level stock broker is performing under actions which might get success rates below than you expected.
Hence to get the right information about the best sectors to invest it is important to take the benefits of internet rather than digging out the earth.
1. This website is the best suitable for the new investors, they can get abundant information about the best places to invest.
2. The funds section gives important information regarding the mutual funds, stock, bonds etc.
3. In Unicon you can get the regular updates about mutual funds statistics hence we can say, you will not be served the old dishes of information.
4. In Unicon you will be getting the regular updates about the best and worst performing sectors hence by that you will be able to find it easy to get the best suitable sector for your investment.
Many investor find them well comfortable in investing the equity funds, hence to get the right and good returns it is very important for them to have an up to date equity reports. The equity report comes in several formats. A general equity report is a document which has the necessary information about the equity funds and the return of it. The equity report is one of the important document for the investor, the equity reports plays an important rule while applying for the loans.
Well we just moved out to the equity funds but the stock market is not just limited to equity funds or any other types of funds, bonds. In fact the stock market is limitless. But this abundance makes the new investor to feel confused about selecting the best place to invest. A typical good investor should have the passion, a good sense of seriousness and fox minded brain, and eagle sighted eye view on his trading.
Although these qualities do not come as inborn but these qualities can be achieved by having regular stock market updates. Every investor does the investment and trading by having different types of goals in his minds hence every investor applies different way of action ,some of them get high returns while some of them loss the revenue. No body wants to become a loser, not even in regular life of stock market investment. Hence for being a successful a investor should have the courage like a stone and a good knowledge about every current status of the stock market. Hence the stock market updates should be taken with while investing in any sector.
How to become stock broker?
The world is of investment era and every new individual is trying to try their luck
by investing in stock markets. It is no doubt about the stock market’s dominance
among various investments sector. Every Friday of the week brings tears and joy
among various investors but still the investors do not give up and try them up in the
right way to get good return. The investors invest their money through the middle
person of the stock market and that middle person is known as stock broker. The
stock broker does all the actions required in stock broking to make their clients
enjoying high returns. As a matter of fact, only the members of the stock market
can do the stock broking hence a stock broker is the member of the stock market
who makes the investment of different people in the market through his account.
Hence being a stock broker is a good career option. And being a stock broker is not
in terms of the market’s guru guy but an individual stock broker can earn much
more income hence it’s a big deal for all the new generation seeking their future in
financial world. But when we think about being a stock broker first thing which
strikes our mind is how to become stock broker?
There is not any kind of special degree or educational certificate for being a stock
broker. A graduate person from the fields of commerce, finance or economics can
easily seek and build his career in stock market by joining the big stock brokerage
firms. But this is not just the exact way for becoming a stock broker. For being a
perfect suitable person, the person has to appear the General Securities Registered
Representative Examinations and before applying for the exam the person has to get
the training from any stock brokerage firm for at least 4 to 6 months. After passing
the examination the person gets the license for becoming a stock broker. After these
steps the person has to appear for the Uniform Securities agents laws examinations
in several states, this examination is needed if the person wishes to be more
advanced. Hence by appearing some more examinations, the candidate can become
a good and advanced stock broker. But this was just a mock step for becoming a
stock broker; there are some characteristics which a stock broker needs for being
a successful stock broker. The stock broker should have the good communication
skills to make the clients trust on them and feel safe about their investment. A good
stock broker should have much developed ability for being rejected, this happens
in early days of every career. The stock broker should have a good patience while
stock broking. Today it can be seen every individual dreams for a good career and
a handsome income hence the stock broking a good field for all these aspirants.
Well this was for the persons who want to be the stock brokers but on the other
side there are several folks who want to invest their money by commodity brokers.
These folks are the investors. For trading in the commodity markets, every investor
should choose the right type of commodity brokers so that the trading becomes
a successful trading for that individual. First of all the investor should have the
complete knowledge about the commodity brokers. Perhaps there are some of the
commodity brokers who are new but to avoid this paradox, the investor should have
a good mock trail with small investment and if the trading gives the right expected
results, you have found the right type of commodity broker. Always try to seek for
the previous trading background of the concerned commodity broker.
by investing in stock markets. It is no doubt about the stock market’s dominance
among various investments sector. Every Friday of the week brings tears and joy
among various investors but still the investors do not give up and try them up in the
right way to get good return. The investors invest their money through the middle
person of the stock market and that middle person is known as stock broker. The
stock broker does all the actions required in stock broking to make their clients
enjoying high returns. As a matter of fact, only the members of the stock market
can do the stock broking hence a stock broker is the member of the stock market
who makes the investment of different people in the market through his account.
Hence being a stock broker is a good career option. And being a stock broker is not
in terms of the market’s guru guy but an individual stock broker can earn much
more income hence it’s a big deal for all the new generation seeking their future in
financial world. But when we think about being a stock broker first thing which
strikes our mind is how to become stock broker?
There is not any kind of special degree or educational certificate for being a stock
broker. A graduate person from the fields of commerce, finance or economics can
easily seek and build his career in stock market by joining the big stock brokerage
firms. But this is not just the exact way for becoming a stock broker. For being a
perfect suitable person, the person has to appear the General Securities Registered
Representative Examinations and before applying for the exam the person has to get
the training from any stock brokerage firm for at least 4 to 6 months. After passing
the examination the person gets the license for becoming a stock broker. After these
steps the person has to appear for the Uniform Securities agents laws examinations
in several states, this examination is needed if the person wishes to be more
advanced. Hence by appearing some more examinations, the candidate can become
a good and advanced stock broker. But this was just a mock step for becoming a
stock broker; there are some characteristics which a stock broker needs for being
a successful stock broker. The stock broker should have the good communication
skills to make the clients trust on them and feel safe about their investment. A good
stock broker should have much developed ability for being rejected, this happens
in early days of every career. The stock broker should have a good patience while
stock broking. Today it can be seen every individual dreams for a good career and
a handsome income hence the stock broking a good field for all these aspirants.
Well this was for the persons who want to be the stock brokers but on the other
side there are several folks who want to invest their money by commodity brokers.
These folks are the investors. For trading in the commodity markets, every investor
should choose the right type of commodity brokers so that the trading becomes
a successful trading for that individual. First of all the investor should have the
complete knowledge about the commodity brokers. Perhaps there are some of the
commodity brokers who are new but to avoid this paradox, the investor should have
a good mock trail with small investment and if the trading gives the right expected
results, you have found the right type of commodity broker. Always try to seek for
the previous trading background of the concerned commodity broker.
A brief overview about DMAT/ depository services
Many folks who have the experience of investing in stocks are familiar with the DMAT accounts. But still there is large part of Indian population which is depended on dematerialized investments are unknown to the DMAT or depository accounts.
There are many people who want to open a DMAT account or a depository account but due to lack of information they become confused or they don’t find any way to get it done within right time. Hence here we are going to get some of the facts which are very helpful while opening the Depository or DMAT account.
When the DMAT account comes in our mind many of us start thinking about what exactly DMAT account is? The DMAT account is nothing but the Dematerialized account; it is same as like a bank account in which you can keep your bonds, stocks, shares and other financial assets.
Another question which makes us to think is what are depositories? n agency which keeps all types of securities and makes them easily available in electronic form is known as depository. There are two major agencies which provide the depository services in India, these agencies are NSDL i.e. National Securities Depository Limited and CDSL i.e. Central Depositaries Services Limited. These two agencies have many banks and several other financial institutions which keep all the vital steps to carry out the depository service smooth going. In other words the banks and the other several financial institutions act as the participant in the depository services in India.
Open a DEMAT account, it’s much simpler than you think! The world is changing every second in terms of economy and technology hence to open a DEMAT account; one does not need to think so much and face any hurdle.
In fact opening a DMAT account is pretty simpler, you can open a DMAT account in any scheduled bank or government undertaken bank. You can open the DMAT accounts with the assistance of stock brokers or any other financial institution.
The application form for opening a DEMAT account is much simpler; you have to just fill the form along with the photocopy of the PAN card issued by income tax department and residential proofs. And along with that you will need to submit two photographs and a cheque which is cancelled from your bank accounts. This process is done to link your DMAT account with the bank account.For submitting the identity proof you can represent any one of your documents such as passport, voting card, driving license etc. For submitting the address proof you can submit any one of the following documents such as your ration card, latest bank statements, latest telephone bills etc.
Hence opening a DMAT account is much simpler than it was previously the process of opening the DMAT account can become much simpler if you get the assistance of your stock broker. Opening a DMAT account is the intelligent way for investing in stocks or any other sectors, there are abundant advantages of DMAT account.
Types of investments you need to know about!
Every person wants to be financial independent hence for that he takes every
possible step to attain his goal. Some of these persons invest in different fields to
obtain high return. There are various kinds of investments available in the current
market. You can breakthrough short term investments, long term investments
and so on. Hence the investors find it very difficult to choose the right one for
them. They can not choose any types of investments as it involves the levels of
risk, profit margin, loss factor etc. Hence these mentioned factors make every
type of investments i.e. either long term or short term investments different from
each other. The word short term investment is enough for showing its details. The
short term investments are made for high returns but the short term investment
stand only for limited period of time. On the other hand the long term investments
are made for long term returns but the amount of the returns is much smaller
compared to that of short term investments. The short term investments have
the good fact that they have the much potential of high returns of profit but the
other side of the coin signifies that the short term investments carry much more
risks compared to the long term investments hence the chances of loss are also
much more in case of short term investments. Most suitable examples of the short
term investments are the stocks and bonds, in which every good and fox minded
investor should know about the precise timing of investments. Hence in short term
investments a small investor can become a millionaire in some matters of seconds.
On contrary a single mistake can make a big investor to lose every single penny of
his budget.
The high probabilities of fluctuations in profit and loss do not happen in case of long
term investments. The long term investments carry a good rate of profit, in a steady
manner. Although the returns are not big compared to short term investments ,the
risk factor also becomes much more lower in case of long term investments hence
making a good flow of profit in slow and steady rate. The long term investments
do not give you complete control on them i.e. if the person sales the stocks or bonds
earlier there might be some penalties or charges applied by them. The penalty
factors vary among various companies. The penalty factor does not make the long
term investments much worse because the chances of risks are much smaller hence
no body likes to get the penalty without any useful reason. Many times the investors
gets the money or returns only after the maturity of the investments but the return
after the complete maturity resembles much more that of short term investments
hence the long term investments are much preferable. In summary every type of
investment has some pros and cons, hence while choosing the right type make sure
you have the much knowledge about positive as well as negative factors.
Another way for achieving the financial freedom is done by monetizing the wealth.
Today people monetize their wealth in order to make their money rolled up and get
increased in amount. This monetization of wealth is known as wealth management.
The wealth management is one of the intelligent and secured ways of investing.
There are lots of stock brokers as well as wealth management institutions who
provide wealth management services for different organizations as well as
individual investors. These institutions make the suggestions and assist every
individual to invest in right field for getting good returns.
possible step to attain his goal. Some of these persons invest in different fields to
obtain high return. There are various kinds of investments available in the current
market. You can breakthrough short term investments, long term investments
and so on. Hence the investors find it very difficult to choose the right one for
them. They can not choose any types of investments as it involves the levels of
risk, profit margin, loss factor etc. Hence these mentioned factors make every
type of investments i.e. either long term or short term investments different from
each other. The word short term investment is enough for showing its details. The
short term investments are made for high returns but the short term investment
stand only for limited period of time. On the other hand the long term investments
are made for long term returns but the amount of the returns is much smaller
compared to that of short term investments. The short term investments have
the good fact that they have the much potential of high returns of profit but the
other side of the coin signifies that the short term investments carry much more
risks compared to the long term investments hence the chances of loss are also
much more in case of short term investments. Most suitable examples of the short
term investments are the stocks and bonds, in which every good and fox minded
investor should know about the precise timing of investments. Hence in short term
investments a small investor can become a millionaire in some matters of seconds.
On contrary a single mistake can make a big investor to lose every single penny of
his budget.
The high probabilities of fluctuations in profit and loss do not happen in case of long
term investments. The long term investments carry a good rate of profit, in a steady
manner. Although the returns are not big compared to short term investments ,the
risk factor also becomes much more lower in case of long term investments hence
making a good flow of profit in slow and steady rate. The long term investments
do not give you complete control on them i.e. if the person sales the stocks or bonds
earlier there might be some penalties or charges applied by them. The penalty
factors vary among various companies. The penalty factor does not make the long
term investments much worse because the chances of risks are much smaller hence
no body likes to get the penalty without any useful reason. Many times the investors
gets the money or returns only after the maturity of the investments but the return
after the complete maturity resembles much more that of short term investments
hence the long term investments are much preferable. In summary every type of
investment has some pros and cons, hence while choosing the right type make sure
you have the much knowledge about positive as well as negative factors.
Another way for achieving the financial freedom is done by monetizing the wealth.
Today people monetize their wealth in order to make their money rolled up and get
increased in amount. This monetization of wealth is known as wealth management.
The wealth management is one of the intelligent and secured ways of investing.
There are lots of stock brokers as well as wealth management institutions who
provide wealth management services for different organizations as well as
individual investors. These institutions make the suggestions and assist every
individual to invest in right field for getting good returns.
The facts about stock market
We all know this economical world is of investment of money and time, if we put
them in right way and right direction, the profits get more and more multiplied or
else the profit turns in some other forms i.e. loss. One of the major investments for
the hard earned money is stock exchange. For investing in stock exchange one has
to approach a stock broker. A stock broker acts as a middle person between you
and the stock market. Since it is well known that only the members of the stock
market can invest in stock exchange hence for investing in stock exchange every
group of business persons should pass through the brokerage corporations. Today
there are several stock brokers corporation in every corner of city. As an estimated
calculation, there are nearly 2000 major stock brokers in Delhi itself, that’s really
big figure for all of us. The stock brokers primarily assist the investor to invest in
the right field of investment. The stock brokers collect all the information from
various corporations and organizations and depending upon the needs of the client
they determine the right place for their client’s hard earned money. In fact we can
say that the stock broker bears the good knowledge of investment risks in different
fields. Many stock brokers in Delhi have the added other services along with the
investment in several sectors.
For investing in stock market every business organization should have a
good and perfect established portfolio. Hence the portfolio management is very
necessary part for very organization. If we define the portfolio it is the collection of
all the assets and properties bared by the organization. It is not necessary that only
organizations can have the portfolio of their own. Every individual, who wishes to
invest in stock market, can have the portfolio of his own. The portfolio can be made
in two way of parameters i.e. the individual will be able to gain higher return when
chosen for that in other words the portfolio is made for making a good assortments
of securities and assets hence some of them will be having unique function for the
investors security and some may not. This functionality varies along with the time
and situation. Today there are lots of stock brokers who provide the portfolio
management services for different type of purposes. These portfolios are managed
and made by various analyses done by the stock brokers. The analysis can be of
graphical analysis or statistical analysis. The stock brokers make their portfolio
management services much better by executing the trades, managing the bank
accounts and providing the credits etc.
Although the investing in stock exchange is much important process to think
about, the need of too much thinking for choosing the right step in invest needs the
attention and the knowledge of the current market. This can be done by having
regular stock market updates. The stock market does not lays down at a fixed
position but it changes its way of graph every second hence every investor should
have an adequate information regarding the stock market. The stock market
updates make the investor to become confident and get the new fields to invest
hence these above points are very helpful for every investor to have a good investing
career.
them in right way and right direction, the profits get more and more multiplied or
else the profit turns in some other forms i.e. loss. One of the major investments for
the hard earned money is stock exchange. For investing in stock exchange one has
to approach a stock broker. A stock broker acts as a middle person between you
and the stock market. Since it is well known that only the members of the stock
market can invest in stock exchange hence for investing in stock exchange every
group of business persons should pass through the brokerage corporations. Today
there are several stock brokers corporation in every corner of city. As an estimated
calculation, there are nearly 2000 major stock brokers in Delhi itself, that’s really
big figure for all of us. The stock brokers primarily assist the investor to invest in
the right field of investment. The stock brokers collect all the information from
various corporations and organizations and depending upon the needs of the client
they determine the right place for their client’s hard earned money. In fact we can
say that the stock broker bears the good knowledge of investment risks in different
fields. Many stock brokers in Delhi have the added other services along with the
investment in several sectors.
For investing in stock market every business organization should have a
good and perfect established portfolio. Hence the portfolio management is very
necessary part for very organization. If we define the portfolio it is the collection of
all the assets and properties bared by the organization. It is not necessary that only
organizations can have the portfolio of their own. Every individual, who wishes to
invest in stock market, can have the portfolio of his own. The portfolio can be made
in two way of parameters i.e. the individual will be able to gain higher return when
chosen for that in other words the portfolio is made for making a good assortments
of securities and assets hence some of them will be having unique function for the
investors security and some may not. This functionality varies along with the time
and situation. Today there are lots of stock brokers who provide the portfolio
management services for different type of purposes. These portfolios are managed
and made by various analyses done by the stock brokers. The analysis can be of
graphical analysis or statistical analysis. The stock brokers make their portfolio
management services much better by executing the trades, managing the bank
accounts and providing the credits etc.
Although the investing in stock exchange is much important process to think
about, the need of too much thinking for choosing the right step in invest needs the
attention and the knowledge of the current market. This can be done by having
regular stock market updates. The stock market does not lays down at a fixed
position but it changes its way of graph every second hence every investor should
have an adequate information regarding the stock market. The stock market
updates make the investor to become confident and get the new fields to invest
hence these above points are very helpful for every investor to have a good investing
career.
Important for you if you are thinking to get a life insurance cover, financial or retirement planning!
Have ever received life insurance advice? No doubt many of us get life insurance
advices from friends, family, relatives etc. but do you think, you get always the right
and good advices from these folks, perhaps not. Hence before you go to follow their
advice here is a recommended advice from you i.e. never follow the advice of those
persons who are not the professionals or successful in their own financial freedoms.
As being a common person finding the best insurance policy which is most suitable
for you, it is suggested you to get the assistance of the insurance agent. Try to get
the life insurance advice from insurance agents for choosing the right company with
which you would like to hold your life insurance. But unfortunately most of us do
not prefer to look for the life insurance advice from the insurance agents because we
think them much simpler. But this is not the real face; in fact the life insurances are
much more deep informative without referring you would be not able to go with the
right one.
Many folks think that they do not need the life insurance because it’s not worth for
them but that’s not the truth. As a matter of fact if you are a working employee you
should get an insurance cover. When you think that you should get an insurance
cover don’t just go blindly and select a plan have a deep look in the benefits and
the terms and conditions related with that. This can be made much simpler if you
get the assistance of the insurance agent. Use the internet to compare different
insurance policies hence in that way you would be able to select the right policy
cover without any hassle.
Many of us would like to spend their one third part of their life in retirement. Hence
it is very important for every individual to have a perfect retirement planning.
No body likes to spend his retirement life in an unfortunate condition; therefore
to prevent this situation every individual should have a retirement plan. A well
planned retirement planning or strategy makes an individual to spend his life
in ease and to achieve the long term plans. There are several retirement policies
available for us to make our retirement planning financially free. You can select
the right suitable plan with the assistance of the professionals. A retirement plan is
that preparation in which the individual makes the sociological, psychological and
financial preparations.
As a matter of fact we all know 80% of our decisions or plans which we execute are
related to the finance in a direct or indirect way. There are several examples such
as the education, new home, clinical treatment, diet plan etc. hence all of these plans
have a significant impact on our wallet. Hence it is necessary to have good financial
planning. Many folks don’t make the financial planning by giving several excuses
but the real fact is that they just don’t do it or if they do it they don’t know exactly
about their expenses and income and as a result they get trapped in debts. Hence
to avoid these problems it is very necessary to have a perfect financial planning.
You can make these all above mentioned plans in a effective way only if you follow
the right way and hence to make that easy you can get the assistance of financial
advices from friends, family, relatives etc. but do you think, you get always the right
and good advices from these folks, perhaps not. Hence before you go to follow their
advice here is a recommended advice from you i.e. never follow the advice of those
persons who are not the professionals or successful in their own financial freedoms.
As being a common person finding the best insurance policy which is most suitable
for you, it is suggested you to get the assistance of the insurance agent. Try to get
the life insurance advice from insurance agents for choosing the right company with
which you would like to hold your life insurance. But unfortunately most of us do
not prefer to look for the life insurance advice from the insurance agents because we
think them much simpler. But this is not the real face; in fact the life insurances are
much more deep informative without referring you would be not able to go with the
right one.
Many folks think that they do not need the life insurance because it’s not worth for
them but that’s not the truth. As a matter of fact if you are a working employee you
should get an insurance cover. When you think that you should get an insurance
cover don’t just go blindly and select a plan have a deep look in the benefits and
the terms and conditions related with that. This can be made much simpler if you
get the assistance of the insurance agent. Use the internet to compare different
insurance policies hence in that way you would be able to select the right policy
cover without any hassle.
Many of us would like to spend their one third part of their life in retirement. Hence
it is very important for every individual to have a perfect retirement planning.
No body likes to spend his retirement life in an unfortunate condition; therefore
to prevent this situation every individual should have a retirement plan. A well
planned retirement planning or strategy makes an individual to spend his life
in ease and to achieve the long term plans. There are several retirement policies
available for us to make our retirement planning financially free. You can select
the right suitable plan with the assistance of the professionals. A retirement plan is
that preparation in which the individual makes the sociological, psychological and
financial preparations.
As a matter of fact we all know 80% of our decisions or plans which we execute are
related to the finance in a direct or indirect way. There are several examples such
as the education, new home, clinical treatment, diet plan etc. hence all of these plans
have a significant impact on our wallet. Hence it is necessary to have good financial
planning. Many folks don’t make the financial planning by giving several excuses
but the real fact is that they just don’t do it or if they do it they don’t know exactly
about their expenses and income and as a result they get trapped in debts. Hence
to avoid these problems it is very necessary to have a perfect financial planning.
You can make these all above mentioned plans in a effective way only if you follow
the right way and hence to make that easy you can get the assistance of financial
Sep 18, 2010
THE STOCK BROKING IN INDIA
The functioning of stock broking in India was started in 1875. The BSE is
oldest stock broking of India. History of Indian stocks trading starts with the 318
person taking membership in Stock Brokers Association and Native Share, which
is known by name as Bombay Stock Exchange (BSE). In the year 1965, BSE got a
permanent acknowledgment from Government of India which was most required.
The National Stock Exchange arrives 2nd to the BSE in the terms of status. NSE and
BSE represent themselves as the synonyms of the Indian stock market. History of
stock market in India is almost same as history of BSE.
An up-beat mood of marketplace was lost abruptly with the Harshad Mehta scam.
This came to the public knowledge that Harshad Mehta, who is also called as big-
bull and giant of Indian stock market which diverted huge fund from banks by
fraudulent means. He also played with millions of shares of many companies.
For preventing such frauds, Government formed SEBI, through Act in 1992. The
SEBI is statutory body which regulates and controls functioning of brokers, stock
exchanges, portfolio manager investment advisors, sub-brokers, etc. SEBI obliged
several tough measures to protect interest of investor. Now with inception of the
online trade and every day settlements chances for fraud are nil, top official of SEBI
says.
Sensex crossed 5000 mark in year 1999 and 6000 mark in year 2000. Foreign
institutional investor (FII) is investing in stock markets in India on very large scale.
Liberal economic policies pursue by successive Government attracted many foreign
institutional investors towards large scale. The impulsive behavior and action of
market dedicated it tag - 'volatile market.' The factors which affected market in past
were the good monsoon, rise to power of Bharatiya Janatha Party's etc. The result
of cricket matches between Pakistan and India also affected movements of stock
broking in India. National Democratic Alliance which was led by BJP, in 2004 the
public election unsuccessfully tried for riding on market sentiment to power. NDA
is voted out of the power and sensex recorded biggest fall in day amidst fears which
Congress-Communist coalitions would have stall economic reform.
India, after US hosts the large number of the listed companies. The Global investors
now seek India as preferred location for the investment. Stock market now
also appeals to the middle class Indians. Most of the Indian working in foreign
country now diverts their savings to the stocks. This new phenomenon is result
of diminished interest rate from banks and opening of the online trading. Stock
brokers based in the India are opening office in different country mainly to cater
needs of the Non Resident Indians. They can sell or buy stocks online while
returning from work places. The recent incidents which led to the growing interests
among all Indian middle class is initial public offer announced by ONGC, Maruti
Udyog Limited, Tata Consultancy Services and many big names like such. A bullish
run of stock market can associated with steady growth of 6% in GDP, growth of
Indian company to MNCs, the large potential of the growth in fields of mass media,
telecommunication, education, IT sectors and tourism backed by the economic
reforms ensures that the Indian stock market continue its bull run.
oldest stock broking of India. History of Indian stocks trading starts with the 318
person taking membership in Stock Brokers Association and Native Share, which
is known by name as Bombay Stock Exchange (BSE). In the year 1965, BSE got a
permanent acknowledgment from Government of India which was most required.
The National Stock Exchange arrives 2nd to the BSE in the terms of status. NSE and
BSE represent themselves as the synonyms of the Indian stock market. History of
stock market in India is almost same as history of BSE.
An up-beat mood of marketplace was lost abruptly with the Harshad Mehta scam.
This came to the public knowledge that Harshad Mehta, who is also called as big-
bull and giant of Indian stock market which diverted huge fund from banks by
fraudulent means. He also played with millions of shares of many companies.
For preventing such frauds, Government formed SEBI, through Act in 1992. The
SEBI is statutory body which regulates and controls functioning of brokers, stock
exchanges, portfolio manager investment advisors, sub-brokers, etc. SEBI obliged
several tough measures to protect interest of investor. Now with inception of the
online trade and every day settlements chances for fraud are nil, top official of SEBI
says.
Sensex crossed 5000 mark in year 1999 and 6000 mark in year 2000. Foreign
institutional investor (FII) is investing in stock markets in India on very large scale.
Liberal economic policies pursue by successive Government attracted many foreign
institutional investors towards large scale. The impulsive behavior and action of
market dedicated it tag - 'volatile market.' The factors which affected market in past
were the good monsoon, rise to power of Bharatiya Janatha Party's etc. The result
of cricket matches between Pakistan and India also affected movements of stock
broking in India. National Democratic Alliance which was led by BJP, in 2004 the
public election unsuccessfully tried for riding on market sentiment to power. NDA
is voted out of the power and sensex recorded biggest fall in day amidst fears which
Congress-Communist coalitions would have stall economic reform.
India, after US hosts the large number of the listed companies. The Global investors
now seek India as preferred location for the investment. Stock market now
also appeals to the middle class Indians. Most of the Indian working in foreign
country now diverts their savings to the stocks. This new phenomenon is result
of diminished interest rate from banks and opening of the online trading. Stock
brokers based in the India are opening office in different country mainly to cater
needs of the Non Resident Indians. They can sell or buy stocks online while
returning from work places. The recent incidents which led to the growing interests
among all Indian middle class is initial public offer announced by ONGC, Maruti
Udyog Limited, Tata Consultancy Services and many big names like such. A bullish
run of stock market can associated with steady growth of 6% in GDP, growth of
Indian company to MNCs, the large potential of the growth in fields of mass media,
telecommunication, education, IT sectors and tourism backed by the economic
reforms ensures that the Indian stock market continue its bull run.
DO THE TRADING UNDER ONE ROOF ONLINE
Trading can also be done online but the safety depends upon the encryption method
used. If the encryption method is better then it became impossible for the hackers
to reach your site. The best secure system which one could use to render security
is a 128 bit encryption system. Online share trading could be done without any
interruption as it needs no manpower. All you need to do is to be able to do the
transaction correctly by adopting safety measures. You have been provided by a
username and password. Be sure not to render your transaction information to
anyone.
In India there are many trusted websites available which would provide you
with safe online share trading. This would act is removing the changes of any
interruption. It would make sure that your ordered are transferred safely. The
difficulty in online trading depends upon the product being tendered on the website.
Moreover the security of your money depends upon the systems, where your money
including banking and broking are kept safe in your own bank account. In online
trading the more you have back end desegregation, more your work will be done by
the websites and you would be able to do the transaction safely.
Online share trading is not a difficult job to perform as some people think it is. You
merely need to have basic internet knowledge and a computer or any other peculiar
fiscal ability. If still you have any confusion in your mind one could also view the
demo of online trading which is available by some websites. You could also get
assisted with the demo being organized in your city.
Indian stock trading means to buy and sell the stocks in the market. This could
be done either manually or through online. You broker would be able to organize
shares for you. The prices of the stocks vary and if you agreed on a particular price
then the deal is carried out. Before investing for any company better know about the
company, its reputation and financial status in the market. Invest only that amount
which you could easily afford. The stock renders you with the ability of gaining
money. But be extra aware if you are a beginner in stock trading. Collect all the
relevant information of the market and before investing in any stock do a thorough
survey to acquire the alternatives and try to never go beyond the risk.
Today internet plays an important role in online trading. Most of the trader prefers
to make their order through internet. Online trading is an easy and effective way
of doing trading. In online trading your broker look for the seller or buyer who is
suited your products. They are generally connected themselves with the exchange
network. The cost of the stocks cannot be known in advance, but the price of
the stock largely depends upon the political agitation, the prices waves if there
is demand for a particular stock in the market, most often the price of the share
reduces due to the Indian stock trading company strike.
used. If the encryption method is better then it became impossible for the hackers
to reach your site. The best secure system which one could use to render security
is a 128 bit encryption system. Online share trading could be done without any
interruption as it needs no manpower. All you need to do is to be able to do the
transaction correctly by adopting safety measures. You have been provided by a
username and password. Be sure not to render your transaction information to
anyone.
In India there are many trusted websites available which would provide you
with safe online share trading. This would act is removing the changes of any
interruption. It would make sure that your ordered are transferred safely. The
difficulty in online trading depends upon the product being tendered on the website.
Moreover the security of your money depends upon the systems, where your money
including banking and broking are kept safe in your own bank account. In online
trading the more you have back end desegregation, more your work will be done by
the websites and you would be able to do the transaction safely.
Online share trading is not a difficult job to perform as some people think it is. You
merely need to have basic internet knowledge and a computer or any other peculiar
fiscal ability. If still you have any confusion in your mind one could also view the
demo of online trading which is available by some websites. You could also get
assisted with the demo being organized in your city.
Indian stock trading means to buy and sell the stocks in the market. This could
be done either manually or through online. You broker would be able to organize
shares for you. The prices of the stocks vary and if you agreed on a particular price
then the deal is carried out. Before investing for any company better know about the
company, its reputation and financial status in the market. Invest only that amount
which you could easily afford. The stock renders you with the ability of gaining
money. But be extra aware if you are a beginner in stock trading. Collect all the
relevant information of the market and before investing in any stock do a thorough
survey to acquire the alternatives and try to never go beyond the risk.
Today internet plays an important role in online trading. Most of the trader prefers
to make their order through internet. Online trading is an easy and effective way
of doing trading. In online trading your broker look for the seller or buyer who is
suited your products. They are generally connected themselves with the exchange
network. The cost of the stocks cannot be known in advance, but the price of
the stock largely depends upon the political agitation, the prices waves if there
is demand for a particular stock in the market, most often the price of the share
reduces due to the Indian stock trading company strike.
PORTFOLIO MANAGEMENT SERVICE IN INDIA AND INVESTMENT PORTFOLIO MANAGEMENT
For investment portfolio management in equities requires knowledge, time, constant monitoring and experience of the stock market. Those people who need expert to help in managing their investments, portfolio management
service (PMS) is the best way. Financial markets offer various growths potential.
But investment portfolio management can be extremely challenging task., Assessing impact of the socio-economic changes on investments, anticipating, market trends, financial analysis and keeping abreast of the latest corporate development all adds up. Investment portfolio management can become nearly full-time affair which requires considerable expertise and time.
During journey of life, one needs to make number of plans and take some important decisions. Few of such decisions have the strong financial implication and can alter course of life and when comes to investing hard earned money, one required to partner with someone they trust, who will make money work hard. An idea of the Portfolio management service is to overcome pace of changes in the business landscape and to provide Investment Avenue to stay ahead from risk return curve and to generate positive return consistently over period of time. During times of extreme market volatility, it might be tough to know what, you should do. Seeking advice of professional, staying calm, taking rational look at investments and keeping sense of perspective are smart strategies which can be followed. The desire to increase money is natural instinct. As simple as desire is, process to do it is just complex. This is believed that protecting and growing the wealth of investor is art.
Portfolio Management Service in India is sophisticated investment vehicle which offers customized investing into mutual funds units, stocks, cash, fixed income products and other structured products etc. to meet the specific investment objective. Though, Portfolio Management Service in India is managed by professional financial manager, it has capability to address personal preferences tailored in investment portfolio management giving freedom and flexibility needed for achieving financial goals.
The business of the portfolio management service in India has been not easy one. Juggling limited choices in hand with twin requirement of the adequate safety and the sizeable returns is task fraught with the complexities. Given unpredictable nature of share market it needs solid experience and the strong research for making right decision. It boils down in end for making right move in right direction at right time. That is where expert comes in.
Benefits of Portfolio Management Service in India:
* Relationship Manager of investment portfolio management will ensure that one receives all services related to investment needs.
* A dedicated websites and customer service desk allows keeping tab on portfolio’s performance.
* Investment portfolio management in stock market tailored after thorough research backed through expertise.
* An experience team of the portfolio managers ensure portfolio is optimized tracked and monitored at all times.
* Personalized services also translate in zero paper works and all financial statement will be e-mailed
WHAT ARE DEPOSITORY AND PORTFOLIO MANAGEMENT SERVICES?
People seem to get interested in investing into stock market. Buying and selling of
stocks is known as stock trading. When you trade, you will come to know that the
scope of trading is vast and more that what its definition says. In order to trade
effectively, it is very essential that you must understand what trading is and what
are the other terms associated with it.
People want to open a depository account but because of lack of information they do
not get information which procedure to follow. There are lots of services available
on the internet that provides the services such as depository and portfolio
management. Stock trading can only be done effectively if you are familiar with the
market trends, terms used in trading. However, without the help of a professional
service or brokerage, it will not be possible for you to get benefits and make profits.
You can find the information about these services on the internet. They help various
investor in making the profits and charge very less brokerage fees. One of such
companies is UNICON which is into existence for many years.
UNICON is one of the best financial services available in the market that has come
up as a best-suited company to help your business and investment plans. It was
founded in year 2004 and since then large number of masses engaged to this
company. This organization has its corporate office in Mumbai and other regional
offices in Chennai, Hyderabad, Noida and Kolkata.
It is a well known fact that the company has wide range of expertise and skills.
A team of professionals work on the management and other services such as
optimization, depository account, cost management, portfolio management and
many more, because of expertise and skills, it has become possible for them to gain
name in stock market.
The company has a base of more than 200,000 customers worldwide who are
gaining profits through this company. It is a well known fact that trading required
assistance in terms of various transactions. If the broker is not there, the chances of
maximizing profits are very less.
If you are confused about what depository is, we will try to explain. It is an agency
which is responsible for keeping all kinds of securities and makes them available
in the electronic form easily is known as depository. You can find agencies which
are providing these services and helping people. It also involves various banks and
institutes which make sure that the operations and smooth and uninterrupted.
On the internet, you can find various websites providing information and these
services. However, you must make sure that you choose the right kind of service.
In order to gain profit, it is recommended to do prior research as this will help you
make most from your investment. You must ask lots of question before selecting any
company.
stocks is known as stock trading. When you trade, you will come to know that the
scope of trading is vast and more that what its definition says. In order to trade
effectively, it is very essential that you must understand what trading is and what
are the other terms associated with it.
People want to open a depository account but because of lack of information they do
not get information which procedure to follow. There are lots of services available
on the internet that provides the services such as depository and portfolio
management. Stock trading can only be done effectively if you are familiar with the
market trends, terms used in trading. However, without the help of a professional
service or brokerage, it will not be possible for you to get benefits and make profits.
You can find the information about these services on the internet. They help various
investor in making the profits and charge very less brokerage fees. One of such
companies is UNICON which is into existence for many years.
UNICON is one of the best financial services available in the market that has come
up as a best-suited company to help your business and investment plans. It was
founded in year 2004 and since then large number of masses engaged to this
company. This organization has its corporate office in Mumbai and other regional
offices in Chennai, Hyderabad, Noida and Kolkata.
It is a well known fact that the company has wide range of expertise and skills.
A team of professionals work on the management and other services such as
optimization, depository account, cost management, portfolio management and
many more, because of expertise and skills, it has become possible for them to gain
name in stock market.
The company has a base of more than 200,000 customers worldwide who are
gaining profits through this company. It is a well known fact that trading required
assistance in terms of various transactions. If the broker is not there, the chances of
maximizing profits are very less.
If you are confused about what depository is, we will try to explain. It is an agency
which is responsible for keeping all kinds of securities and makes them available
in the electronic form easily is known as depository. You can find agencies which
are providing these services and helping people. It also involves various banks and
institutes which make sure that the operations and smooth and uninterrupted.
On the internet, you can find various websites providing information and these
services. However, you must make sure that you choose the right kind of service.
In order to gain profit, it is recommended to do prior research as this will help you
make most from your investment. You must ask lots of question before selecting any
company.
investment banks are there to finance government and corporations
With the initiation of sophisticated technology and the internet world, the entire meaning of
business has gone under severe change for surviving in the competitive world. In this period the
web offers enormous opportunity to business houses of all size for developing and expanding
their present infrastructure to vast facet. The investors all over the world know how to employ
their selves in online share trading from each corner of the world by internet.
Companies frequently trade their shares to collect investment for their business houses. The
investor who purchases the shares of a company becomes the co-owner of that company and
is entitled to get dividend that is distributed between all the share holders or co owners of the
company. Companies offer different shares like Ordinary shares, Preference shares, Cumulative
preference shares and Redeemable shares. The investors who want to make a online share
portfolio opt to invest the stocks and shares owned by them in either Mini or Maxi ISA and
they also have to follow the different rules There are rules as related with investing stocks and
shares in either Maxi or Mini ISA So all interested investors of making online share portfolio can
register with any site of your choice, and I should say that all these services are free.
On the other hand Investment Banking is a financial organization that provides financial help to
corporate houses and government in raising funds through underwriting and performing as the
active agent in issuing securities. Investment banks also assist the company involved in merger
and acquisition. It also provides additional services to its customers like trading and market
making for the derivatives, commodity, foreign exchange, equity securities and fixed income
instruments.
Investment banks don’t take deposits like the retail banks and commercial banks. They only deal
in investment banking services in a country or in different countries also. A consultant who is
associated with investment banking has be a approved broker-dealer who can give investment
banking services to its clients. This consultant is bound to be related with the banks that both buy
and sell investment instruments and the Securities Exchange Commission regulation.
Investment banks have to research about the companies and analyze the buy-sell
recommendation regarding these companies' financial position. These investment banks may be
involved with Investment management, Global transactions, Commercial banking and Merchant
banking.
International investment banking is nowadays a extremely big industry with new gains that is
nearly 22% in a year. During the recession the developing countries like India and china came as
new big economies of the world with good growth.
business has gone under severe change for surviving in the competitive world. In this period the
web offers enormous opportunity to business houses of all size for developing and expanding
their present infrastructure to vast facet. The investors all over the world know how to employ
their selves in online share trading from each corner of the world by internet.
Companies frequently trade their shares to collect investment for their business houses. The
investor who purchases the shares of a company becomes the co-owner of that company and
is entitled to get dividend that is distributed between all the share holders or co owners of the
company. Companies offer different shares like Ordinary shares, Preference shares, Cumulative
preference shares and Redeemable shares. The investors who want to make a online share
portfolio opt to invest the stocks and shares owned by them in either Mini or Maxi ISA and
they also have to follow the different rules There are rules as related with investing stocks and
shares in either Maxi or Mini ISA So all interested investors of making online share portfolio can
register with any site of your choice, and I should say that all these services are free.
On the other hand Investment Banking is a financial organization that provides financial help to
corporate houses and government in raising funds through underwriting and performing as the
active agent in issuing securities. Investment banks also assist the company involved in merger
and acquisition. It also provides additional services to its customers like trading and market
making for the derivatives, commodity, foreign exchange, equity securities and fixed income
instruments.
Investment banks don’t take deposits like the retail banks and commercial banks. They only deal
in investment banking services in a country or in different countries also. A consultant who is
associated with investment banking has be a approved broker-dealer who can give investment
banking services to its clients. This consultant is bound to be related with the banks that both buy
and sell investment instruments and the Securities Exchange Commission regulation.
Investment banks have to research about the companies and analyze the buy-sell
recommendation regarding these companies' financial position. These investment banks may be
involved with Investment management, Global transactions, Commercial banking and Merchant
banking.
International investment banking is nowadays a extremely big industry with new gains that is
nearly 22% in a year. During the recession the developing countries like India and china came as
new big economies of the world with good growth.
Unicon Offers All-Important Information on How to Become Sub Broker
2010 – Investments in the capital markets have gained
momentum in recent years due to growing awareness among people about the earning
potential of this investment option. Cashing in on this opportunity, many stock broking
companies have already setup their offices/ franchisees to cater to the mounting
investment needs of the stock investors.
However, most investors, opt for stock brokers with proven track record and ability to
handle diverse investment needs and portfolios. Unicon Investment Solutions offers its
prowess in proving end to end Investment Solutions for the entire spectrum of customers.
With several years of experience in stock broking, investment banking and portfolio
management, the Company is offering world-class investment solutions to its esteemed
investor community.
Unicon has one of the most spreadout Sub- Broker network in the country with over
800 franchise outlets. We offer our services to all the deserving entrepreneurs and also
handhold them and impart knowledge on how to become a good sub broker.
Since it’s inception in 2004, Unicon has been enhancing it’s technology which is a major
enabler to reach out to the last investor in the financial markets. Stock broking services
have become highly affordable & accessible for a common man in the past few years.
With 4500 Uniconians and 900 business offices spanning across 235 cities in India,
Unicon has one of the best talent pool’s in the financial services space & it speaks
volumes of its managerial acumen.
Before answering the question ‘how to become sub broker,’ let’s first Understand “who
is a sub broker”?
A sub broker is an agent of the member broker and is permitted to release confirmation
memorandums to his clients for their dealings executed by him through the chief member
broker to whom he is affiliated. An individual, a company or a partnership firm can
become a sub broker. The minimum age limit for individuals or partners/directors of
companies/firms will be 21. Similarly, all the aspiring persons should be matriculate
or have 10 + 2 years qualification at the least. They should not be declared insolvent or
bankrupt. Sub brokers should have at least 2 years of experience in the role a partner or
certified clerk or apprentice with a member broker of the Exchange or in other related
fields in capital market.
Once a sub-broker obtains certificate of registration from Securities and Exchange Board
of India (SEBI), he can commence business as a sub broker.
For Individuals who want to know how to become a sub broker of Unicon we would
be more than keen to help you. In the recent years sub-broking has emerged as a major
career option. There is a huge potential to earn handsome amounts through brokerage or
commissions.
momentum in recent years due to growing awareness among people about the earning
potential of this investment option. Cashing in on this opportunity, many stock broking
companies have already setup their offices/ franchisees to cater to the mounting
investment needs of the stock investors.
However, most investors, opt for stock brokers with proven track record and ability to
handle diverse investment needs and portfolios. Unicon Investment Solutions offers its
prowess in proving end to end Investment Solutions for the entire spectrum of customers.
With several years of experience in stock broking, investment banking and portfolio
management, the Company is offering world-class investment solutions to its esteemed
investor community.
Unicon has one of the most spreadout Sub- Broker network in the country with over
800 franchise outlets. We offer our services to all the deserving entrepreneurs and also
handhold them and impart knowledge on how to become a good sub broker.
Since it’s inception in 2004, Unicon has been enhancing it’s technology which is a major
enabler to reach out to the last investor in the financial markets. Stock broking services
have become highly affordable & accessible for a common man in the past few years.
With 4500 Uniconians and 900 business offices spanning across 235 cities in India,
Unicon has one of the best talent pool’s in the financial services space & it speaks
volumes of its managerial acumen.
Before answering the question ‘how to become sub broker,’ let’s first Understand “who
is a sub broker”?
A sub broker is an agent of the member broker and is permitted to release confirmation
memorandums to his clients for their dealings executed by him through the chief member
broker to whom he is affiliated. An individual, a company or a partnership firm can
become a sub broker. The minimum age limit for individuals or partners/directors of
companies/firms will be 21. Similarly, all the aspiring persons should be matriculate
or have 10 + 2 years qualification at the least. They should not be declared insolvent or
bankrupt. Sub brokers should have at least 2 years of experience in the role a partner or
certified clerk or apprentice with a member broker of the Exchange or in other related
fields in capital market.
Once a sub-broker obtains certificate of registration from Securities and Exchange Board
of India (SEBI), he can commence business as a sub broker.
For Individuals who want to know how to become a sub broker of Unicon we would
be more than keen to help you. In the recent years sub-broking has emerged as a major
career option. There is a huge potential to earn handsome amounts through brokerage or
commissions.
Sep 14, 2010
Summary of Demat Account, Equity Market and Equity Trading
What is Equity?
Equity is financial instrument by which company invites the public to invest their money
in the company and investor can become a partner of the company. Generally, when the
company have insufficient money to expand its business it comes with equity shares.
What is Equity Market?
The market in which shares are issued and traded, either through exchanges or over-
the-counter markets. Also known as the stock market, it is one of the most vital area
of a market economy because it gives companies access to capital and investors a
slice of ownership in a company with the potential to realize gains based on its future
performance.
This market can be split into two main sectors: the primary and secondary market
The primary market is where new issues are first offered. Any subsequent trading takes
place in the secondary market.
What is Equity Trading?
Equity trading is the buying and selling of company stock shares. Shares in large
publicly-traded companies are bought and sold through one of the major stock
exchanges, which serve as auctions managed for trades. Stock shares in smaller public
companies are bought and sold in over-the-counter market.
Equity trading can be performed by the owner of the shares, or by an agent authorized
to buy and sell on behalf of the share's owner. Proprietary trading or principal trading
is buying and selling for the trader's own profit or loss. In this case, the principal is the
owner of the shares. Agency trading is buying and selling by an agent, usually a stock
broker, on behalf of a client. Agents are paid a commission for performing the trade.
What is Demat account?
Demat refers to a dematerialised account.
Though the company is under obligation to offer the securities in both physical and
demat mode, you have the choice to receive the securities in either mode.
If you wish to have securities in demat mode, you need to indicate the name of the
depository and also of the depository participant with whom you have depository account
in your application.
It is, however desirable that you hold securities in demat form as physical securities
carry the risk of being fake, forged or stolen.
Equity Market and Equity Trading
Refined Copper prices in Aug traded higher on reports of falling concentrate
production and an expected drop in refined metal production due to a very
low TC/RC margins for smelters. Also supporting coppers gains were falling
stocks at LME and Shanghai and a consequent tightening of the cash to 3 month
spread. The July-Aug period seasonally is a lean phase in terms of demand and
copper price usually trades steady, but the supply constraint this year is lending
support to prices. As we move towards a higher demand season we see factors
turning favorable copper and is likely to hold in the trading range of $7300 (Rs.
345) to $8000 (Rs. 375) this month. However, for gains above $8000, copper
will need a lot more positive macro-economic developments and news flows
Refined Zinc prices has been trending higher on shrinking supply surplus,
upswing in demand growth from China and on the fast paced measures from
Chinese authorities to fully utilize the stimulus money by end of the year. The
sub par data on U.S home sales, however could keep a check on prices but this
scenario could reverse given the rise in prices as observed from Case-Schiller
home price index. Putting these factors together we expect current uptrend
in zinc to continue till $2300 (Rs. 107.5) and $2400 (Rs. 112) while support
at $2040 (RS. 97) is held. For zinc prices to trend above $2400 which is a
long term trend line resistance, market may need lot more positive triggers
Refined lead prices are expected to trade firm till $2300 (Rs. 108) for
this month, but crossing through that will be a tough task given the supply
overhang. Support could be derived from strength in other base metal price,
the galloping year on year rate of increase in demand for original equipment
lead acid batteries and an expected seasonal rise in demand for replacement
batteries. We think these factors will keep the lead supported at $2040 (Rs. 96.7)
Pls refer to Disclaimer @ www.uniconindia.in
production and an expected drop in refined metal production due to a very
low TC/RC margins for smelters. Also supporting coppers gains were falling
stocks at LME and Shanghai and a consequent tightening of the cash to 3 month
spread. The July-Aug period seasonally is a lean phase in terms of demand and
copper price usually trades steady, but the supply constraint this year is lending
support to prices. As we move towards a higher demand season we see factors
turning favorable copper and is likely to hold in the trading range of $7300 (Rs.
345) to $8000 (Rs. 375) this month. However, for gains above $8000, copper
will need a lot more positive macro-economic developments and news flows
Refined Zinc prices has been trending higher on shrinking supply surplus,
upswing in demand growth from China and on the fast paced measures from
Chinese authorities to fully utilize the stimulus money by end of the year. The
sub par data on U.S home sales, however could keep a check on prices but this
scenario could reverse given the rise in prices as observed from Case-Schiller
home price index. Putting these factors together we expect current uptrend
in zinc to continue till $2300 (Rs. 107.5) and $2400 (Rs. 112) while support
at $2040 (RS. 97) is held. For zinc prices to trend above $2400 which is a
long term trend line resistance, market may need lot more positive triggers
Refined lead prices are expected to trade firm till $2300 (Rs. 108) for
this month, but crossing through that will be a tough task given the supply
overhang. Support could be derived from strength in other base metal price,
the galloping year on year rate of increase in demand for original equipment
lead acid batteries and an expected seasonal rise in demand for replacement
batteries. We think these factors will keep the lead supported at $2040 (Rs. 96.7)
Pls refer to Disclaimer @ www.uniconindia.in
Sep 8, 2010
The Growth of Stock Broking Companies Lures More Retail Investors
The booming stock markets and growing retail investors in equity and share trading
business help Indian stock broking companies to expand their network into more
cities and towns to lure investors into their folds. Experts say the broking business
will continue to grow in future because of the changing economy and the high-quality
performance by the Indian corporate sector. With the entrance of a number of corporate
sectors, no doubt the industry has achieved size and scale.
Many retail investors are also entering new fields of activity such as commodity broking,
mutual fund products and insurance schemes. It has been witnessed in last 6 to 7 years
that the expansion of stock broking companies hit the IPO market to raise funds and
guard the fall of stock broking industry. Many public sector banks are also entering into
this business. While IDBI capital markets, the broking arm of IDBI, is diversifying into
retail broking business, many current players including Kotak Securities, Anagram and
ICICI Direct corner, Motilal Oswal, and Karvy have acquired one fourth of the total
equity market turnover.
India has two big stock exchanges named Bombay Stock Exchange (BSE) and National
Stock Exchange (NSE) and few small exchanges where shares and equities are traded. An
investor can trade stocks in any of the stock exchanges in India, but all the stock brokers
trade online only in BSE and NSE. They are registered member of the stock exchange
and can register a client to one or more stock exchanges. They take commissions
(brokerages) for their service that vary from broker to broker. An investor has to take the
help of a stock broker to trade stocks because they only can directly buy and sell shares in
Stock Market.
According to a statistical survey, only about 1.1 to 2 per cent of the family income is
routed into the stock markets while the stock markets have been rising by 47 per cent
every year. But Information technology (Stock Market Software) with online stock
trading has minimized the gap by solving problems like location constraints, busy phone
lines, miscommunication etc. of traditional stock trading system. The online trading
is pulling NRI shares due to no manual intervention from stock broker and internet
based stock trading facility across the world. The servers of the online trading portal
are connected to the stock exchanges and selected banks all round the clock. They also
provide updates on the trading and an investor can check the current status of their orders
either through e-mail or the interface used. The only thing to do by the investor is to
register with an online trading portal and get in to an agreement.
business help Indian stock broking companies to expand their network into more
cities and towns to lure investors into their folds. Experts say the broking business
will continue to grow in future because of the changing economy and the high-quality
performance by the Indian corporate sector. With the entrance of a number of corporate
sectors, no doubt the industry has achieved size and scale.
Many retail investors are also entering new fields of activity such as commodity broking,
mutual fund products and insurance schemes. It has been witnessed in last 6 to 7 years
that the expansion of stock broking companies hit the IPO market to raise funds and
guard the fall of stock broking industry. Many public sector banks are also entering into
this business. While IDBI capital markets, the broking arm of IDBI, is diversifying into
retail broking business, many current players including Kotak Securities, Anagram and
ICICI Direct corner, Motilal Oswal, and Karvy have acquired one fourth of the total
equity market turnover.
India has two big stock exchanges named Bombay Stock Exchange (BSE) and National
Stock Exchange (NSE) and few small exchanges where shares and equities are traded. An
investor can trade stocks in any of the stock exchanges in India, but all the stock brokers
trade online only in BSE and NSE. They are registered member of the stock exchange
and can register a client to one or more stock exchanges. They take commissions
(brokerages) for their service that vary from broker to broker. An investor has to take the
help of a stock broker to trade stocks because they only can directly buy and sell shares in
Stock Market.
According to a statistical survey, only about 1.1 to 2 per cent of the family income is
routed into the stock markets while the stock markets have been rising by 47 per cent
every year. But Information technology (Stock Market Software) with online stock
trading has minimized the gap by solving problems like location constraints, busy phone
lines, miscommunication etc. of traditional stock trading system. The online trading
is pulling NRI shares due to no manual intervention from stock broker and internet
based stock trading facility across the world. The servers of the online trading portal
are connected to the stock exchanges and selected banks all round the clock. They also
provide updates on the trading and an investor can check the current status of their orders
either through e-mail or the interface used. The only thing to do by the investor is to
register with an online trading portal and get in to an agreement.
Sep 1, 2010
Banco Products (I) Ltd - Q1FY11 Result Update
Company background
Banco Products (I) Ltd (BPIL) is one of the leading auto ancillary companies. It manufactures sealing products (gaskets) and heat exchangers (radiators, intercoolers, oil coolers, etc). The company has strong client-base such as M&M, Maruti, Tata Motors, Indian Railways, Ashok Leyland, etc.
Result Highlights
Ø BPIL reported a 30% YoY increase in standalone operating income to INR 1,133mn in Q1FY11.
Ø Standalone EBITDA margin during the quarter increased 20bps to 25.4% however, net margin declined 160bps to 16.9%.
Ø BPIL has recently made an acquisition (NRF) which has good brand name for its product range of marine heat exchangers and oil coolers in Europe.
Valuation
At the CMP of INR 107, the stock trades at a PE multiple of 7x as per our FY11 earnings estimate. We expect BPIL is available at very attractive price considering its strong client base and the acquisition of NRF. Assigning the target PE multiple of 9.4x for FY11, the stock offers the target price of INR 145 with potential upside of 35% from current level. We recommend our investors to Buy this stock for 12 months investment horizon.
Basics forms of equity
Equity in its simplest form is ownership in a company. This could have three basic forms:
•Common Shares/Stocks
•Preferred Stocks
•Stock Warrants
If you own equity in a company, you own a share in the income of that company. An equity
owner receives his share of income from the company’s income, in the form of dividends, only
after all the debt obligations and preferred stock dividend have been cleared. The price of the
equity which is commonly called share price reflects the earning potential, projected growth
rate, financial risk and operating risk of the firm and general economic conditions in which the
firm operates.
A firm issues its share in the primary market to raise funds for capital expenditure. These shares
then can be traded in the secondary market, commonly called stock market or share market.
The price of equity in the stock market is determined by the forces of demand and supply. The
price of equity is projected and analyzed with the help of various technical and fundamental
analyses. If the projected price is less than the market price we can say that the stock is
overvalued and vice versa.
A share can only be traded in stock market only if it is listed on a stock exchange. A stock
exchange is an entity which facilitates brokers and traders to trade stocks. A broker is a regulated
and registered member of the stock exchange which buys and sells securities on behalf of the
traders and investors. Equity is a subset of securities. Securities are tradable instruments having
some financial value. It can include both debt and derivative instruments. Every trade must be
routed through a broker.
To start trading an investor or a trader must have a dematerialized account, commonly called
demat account and a trading account. A demat account is a depository account to store the shares
in the electronic form instead of the bulky certificates. A trading account is an account where the
investor deposits some money in the form of cash or shares against which the investor wishes to
buy the shares. An investor can either buy the shares by paying the full amount, cash segment, or
by taking some leverage from the broker, margin segment.
Trading can be done by calling the broker, offline mode, or through internet with the help of a
trading terminal provided by the broker, online mode.
•Common Shares/Stocks
•Preferred Stocks
•Stock Warrants
If you own equity in a company, you own a share in the income of that company. An equity
owner receives his share of income from the company’s income, in the form of dividends, only
after all the debt obligations and preferred stock dividend have been cleared. The price of the
equity which is commonly called share price reflects the earning potential, projected growth
rate, financial risk and operating risk of the firm and general economic conditions in which the
firm operates.
A firm issues its share in the primary market to raise funds for capital expenditure. These shares
then can be traded in the secondary market, commonly called stock market or share market.
The price of equity in the stock market is determined by the forces of demand and supply. The
price of equity is projected and analyzed with the help of various technical and fundamental
analyses. If the projected price is less than the market price we can say that the stock is
overvalued and vice versa.
A share can only be traded in stock market only if it is listed on a stock exchange. A stock
exchange is an entity which facilitates brokers and traders to trade stocks. A broker is a regulated
and registered member of the stock exchange which buys and sells securities on behalf of the
traders and investors. Equity is a subset of securities. Securities are tradable instruments having
some financial value. It can include both debt and derivative instruments. Every trade must be
routed through a broker.
To start trading an investor or a trader must have a dematerialized account, commonly called
demat account and a trading account. A demat account is a depository account to store the shares
in the electronic form instead of the bulky certificates. A trading account is an account where the
investor deposits some money in the form of cash or shares against which the investor wishes to
buy the shares. An investor can either buy the shares by paying the full amount, cash segment, or
by taking some leverage from the broker, margin segment.
Trading can be done by calling the broker, offline mode, or through internet with the help of a
trading terminal provided by the broker, online mode.
Portfolio Management in India Presents a Holistic view of the Overall Earning Device
Economic liberalization and rapid changes in the global economic scenario bring
forth a unique management instrument. The entry of private and foreign financial
companies and abolition of CCI has given rise to competition and market orientation
in the capital markets. Due to increase in the number of high net worth investors, the
role of an investment consultant who can skillfully understand economic and corporate
developments in accordance with the goal of the investor is likely to become fully grown.
Apart from this, the emergence of internet trading has significantly changed existing
portfolio management models.
Portfolio Management in India is direct to impart a strong theoretical underpinning
in investment services and portfolio management. It guides individual to be capable of
investing funds in financial industry operating in a globalized environment. Portfolio
Management focuses on capital fortification and a constant return. The jeopardized
strategic investments should always be poised with more conventional investments.
While carrying out investment, various investment mixes must be scrutinized to avoid
unwanted economic loss and maximize value of investments. The recent development
is such that more people have been inclined towards investment in mutual funds and
equities. But the middle class people in India have not been aware of such investment.
They think it as a gamble full of risks and so invest their money in fixed deposits,
securities held in depository accounts and other savings accounts, though they yield
very low. They require adequate knowledge of how to minimize this risk while yielding
high return. Once they have this information, they can easily decide what they need to
do in order to achieve their goal. This can be done more easily by consulting a financial
planner.
Portfolio management India has offered people with corers rather than lakhs or
thousands to invest which has crossed the line of Rs. 25,000 corer in assets. It has been
possible only because of the portfolio management programmes and it is understandable
that the success of any business entity depends on the process of delivering value and
satisfaction to the end customers. In the investment services, the portfolio management
has categorically reduced the number of superfluous investments and makes it easier to
be left with more money in your pockets. An effective and result oriented management
service can trim down overall expenditures by 20 percent; this strategy can surely aid the
middle class people to become more risk friendly in India and abroad. Broadly speaking,
portfolio management system has established that none of the investment services are
sustaining loss as before.
forth a unique management instrument. The entry of private and foreign financial
companies and abolition of CCI has given rise to competition and market orientation
in the capital markets. Due to increase in the number of high net worth investors, the
role of an investment consultant who can skillfully understand economic and corporate
developments in accordance with the goal of the investor is likely to become fully grown.
Apart from this, the emergence of internet trading has significantly changed existing
portfolio management models.
Portfolio Management in India is direct to impart a strong theoretical underpinning
in investment services and portfolio management. It guides individual to be capable of
investing funds in financial industry operating in a globalized environment. Portfolio
Management focuses on capital fortification and a constant return. The jeopardized
strategic investments should always be poised with more conventional investments.
While carrying out investment, various investment mixes must be scrutinized to avoid
unwanted economic loss and maximize value of investments. The recent development
is such that more people have been inclined towards investment in mutual funds and
equities. But the middle class people in India have not been aware of such investment.
They think it as a gamble full of risks and so invest their money in fixed deposits,
securities held in depository accounts and other savings accounts, though they yield
very low. They require adequate knowledge of how to minimize this risk while yielding
high return. Once they have this information, they can easily decide what they need to
do in order to achieve their goal. This can be done more easily by consulting a financial
planner.
Portfolio management India has offered people with corers rather than lakhs or
thousands to invest which has crossed the line of Rs. 25,000 corer in assets. It has been
possible only because of the portfolio management programmes and it is understandable
that the success of any business entity depends on the process of delivering value and
satisfaction to the end customers. In the investment services, the portfolio management
has categorically reduced the number of superfluous investments and makes it easier to
be left with more money in your pockets. An effective and result oriented management
service can trim down overall expenditures by 20 percent; this strategy can surely aid the
middle class people to become more risk friendly in India and abroad. Broadly speaking,
portfolio management system has established that none of the investment services are
sustaining loss as before.
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