USD-INR retracing the fall
Jan 18th
The USD/INR retraced the highs of 45.28 and has settled at around 45.78 levels. Equity markets were directionless with the Sensex and the Nifty closing a tad lower than last week. The high point from the data point was the 11.3 % growth in IIP against expectation of 10%. Inflation for the month of December [...]
IFRS:Why do we need IFRS in India?
Jan 16th
Do we need IFRS in India?
Indian Companies are listed on overseas stock exchange and have to prepare accounts with respect to GAAP followed in respective countries. Foreign companies having subsidiary in India have to prepare there accounts in order to meet overseas reporting.
FDI and FII’s are more comfortable with one global accounting language which can [...]
Opening as professional trader with KREDENT
Jan 14th
Excellent Opportunity: Opening as professional trader with KREDENT
We are glad to invite applications for our Professional Derivatives Trading desk.
Kredent trading desk is one of the largest trading desk in India with substantial market share in exchange’s volume and liquidity. Kredent is the direct clearing and trading member of the NSE, MCX-SX, MCX, NCDEX and [...]
Indian Economy – Annual Review and Analysis
Jan 6th
“Hello readers…warm wishes for the year ahead on behlaf of MoneyBol team. My apologies for delayed posting of the monthly update. To make amends I have also updated the yearly review. Hope these are useful and informative for you.” – Praveen Bajaj,
Equity- BSE Sensex
Stocks started the month with a 200+ points gain on the first day but [...]
Buy Bayer Crop Science
Jan 5th
• BSCL, an agro-chemical company, is subsidiary of the Euro 35 billion Bayer AG• Its business is divided into crop protection, environmental science and bio-science• Per hectare consumption of pesticide in India is merely 0.48 kgs, lower than 5.0 kgs per hectare in the US and again less than 10.0 kgs per hectare in Japan• With its strong R&D, BSCL continues to offer new products to its customers• The Company derives nearly 80.0% of its exports revenue from its Bayer AG group companies due to the cost advantages • New products’ launch, outsourcing from parent and low pesticide penetration will drive the future growth of the Company• Despite poor rainfall in H1FY10, the Company registered a strong performance• Its profit in H1FY10 is Rs. 109.42 crore higher than Rs. 94.46 crore posted for FY09• The Company has shut down its Thane plant spread over 108 acres of land, valued around Rs. 1,000.0 crore • The sale of land could generate huge cash reserves for BSCL• The stock could be bought at current levels with one year target price of Rs. 632.0
Crash and carry – New reserach suggests a way to make steady profits from the carry trade
Jan 2nd
Carry trade strategy : buying (investing in) a high interest yielding currency and selling (borrowing) a low yielding currency
Yen is favoured funding currency for the carry trade due to low interest rates in Japan
Dollar has become the next favoured one [...]
