The Dhanlaxmi Bank's loan-book witnessed a sharp growth largely due to a greater thrust on the retail segment and diversification across regions, the release said.
Total advances and total deposits continued to rise during the quarter, registering a year-on-year growth of 81.1% and 76.5%, respectively.
"Our focused approach to improve productivity across all business verticals has resulted in significant increase in profits...we are confident to deliver long-term growth for our customers and shareholders," Kabra said.
The bank's total income increased from Rs 182.4 crore in Q4 FY 10 to Rs 342.2 crore, recording a growth of 87.6%. Non-interest income rose from Rs 31.9 crore to Rs 46.1 crore in Q4 FY 11, an increase of 44.3% as a result of a focused thrust on fee-based business.
"On the NPA front, we achieved much success," Kabra said.
The gross NPA ratio declined from 1.54% as on March 31, 2010 to 0.74% as on March 31, 2011. NPAs worth Rs 10.41 crore were recovered during the year, he said.
The private lender''s total capital adequacy ratio (CAR) as at March 31, 2011 (computed as per Basel II guidelines) remained strong at 11.8%, the CFO added.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Monday, April 25, 2011
Indian Bank Q4 net profit up 7% at Rs 438.8 cr
Indian Bank has reported 10.23% growth in financial year 2010-11 net profit of Rs 1,714 crore as against Rs 1,554 crore in previous year.
Net interest income (NII) went up by 27% to Rs 4,036.1 crore and operating profit was up by 19.8% to Rs 3,291 crore from Rs 2,747 crore.
The bank has posted 7% growth in fourth quarter net profit of Rs 438.8 crore as against Rs 410 crore in same quarter the previous year.
Total income was at Rs 2,866 crore in fourth quarter, 24% growth as compared to Rs 2,318 crore in previous quarter.
Tier I capital stood at 11.02% and capital adequacy ratio was at 13.56% in Q4FY11. Earnings per share improved to Rs 38.79 versus Rs 35.09.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Net interest income (NII) went up by 27% to Rs 4,036.1 crore and operating profit was up by 19.8% to Rs 3,291 crore from Rs 2,747 crore.
The bank has posted 7% growth in fourth quarter net profit of Rs 438.8 crore as against Rs 410 crore in same quarter the previous year.
Total income was at Rs 2,866 crore in fourth quarter, 24% growth as compared to Rs 2,318 crore in previous quarter.
Tier I capital stood at 11.02% and capital adequacy ratio was at 13.56% in Q4FY11. Earnings per share improved to Rs 38.79 versus Rs 35.09.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Saturday, April 23, 2011
Weekly Market Outook - 4th Week of April - 25th April to 29th April 2011 - Disclaimer Post Applies
Weekly Market Outook - 4th Week of April - 25th April to 29th April 2011
While we maintain our downside view on the Nifty we would watch for a close above 5910 which would then violate the down move and then possible upside targets could be around the 6050 – 6100 levels. However if the down trend resumes from Monday we could witness a fall till 5725 levels. On a close below 5700 we would definitely see a fall till 5550 – 5575.
While we maintain our downside view on the Nifty we would watch for a close above 5910 which would then violate the down move and then possible upside targets could be around the 6050 – 6100 levels. However if the down trend resumes from Monday we could witness a fall till 5725 levels. On a close below 5700 we would definitely see a fall till 5550 – 5575.
Stock Trading Ideas
· BHEL – Short this stock at 2057.5 for a target of 2032/2010/1991
· Axis Bank – Buy this stock at 1449 for a target of 1459/1467/1485.
· BHEL – Short this stock at 2057.5 for a target of 2032/2010/1991
· Axis Bank – Buy this stock at 1449 for a target of 1459/1467/1485.
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
ICICI Prudential Mutual Fund
NOTICE -CUM-ADDENDUM TO THE
Scheme Information Document / Key Information Memorandum of ICICI
Prudential Equity & Derivatives Fund - Wealth Optimiser Plan (the Scheme)
NOTICE is hereby given that the Trustee of ICICI Prudential Mutual Fund (the Fund) have,
in terms of the enabling provisions of the Scheme Information Document of the Scheme,
have notified the following change in the name of the Scheme, which shall be applicable
with immediate effect:
Investors are requested to make a note of the above change. The above change has been made to make the name of the scheme simpler for the investors and to capture the essence of the fund. All the other provisions of the Scheme Information Document/Key Information Memorandum/ addendums except as specifically modified herein above will remain applicable to the schemes. This Notice-cum-Addendum forms an integral part of the Scheme Information Document /Key Information Memorandum/ addendums of the scheme of ICICI Prudential Mutual Fund, as amended from time to time.
Thanks & Regards,
Maulik Doshi
DENIP Consultants Pvt. Ltd.
Central bank rider to Enam-Axis deal
RBI objects to Bhansali’s induction to the bank’s board.
The Reserve Bank of India (RBI) has approved, in principle, Axis Bank’s acquisition of select businesses of Enam Securities, but objected to the induction of Vallabh Bhansali, co-founder and chairman of the broking company, on the bank’s board.
Bhansali’s induction on the bank’s board as an independent director was a part of the deal.
“Other terms of the RBI’s in-principle approval include the stipulation that no shareholder of Enam Securities acquiring shares of Axis Bank under the scheme of arrangement would be eligible for being a director on the board of the bank,” the bank said in a statement.
Axis Bank’s Executive Director and Chief Financial Officer, Somnath Sengupta, said the bank had not decided if Bhansali would be included in the bank in any other role.
“The bank is in the process of examining the implications of the conditions laid down by the RBI, and is reviewing the scheme of arrangement in order to proceed with the completion of the transaction,” he said.
The central bank also asked Axis to revise the scheme of accounting and the eventual structure of the business proposed to be acquired.
Sengupta said the acquisition was expected to be completed in a couple of months. He dismissed reports that the RBI had raised objections on the valuation of the deal.
In November, Axis Bank had said it would merge the equities and investment banking businesses of Enam Securities. The deal size is estimated to be Rs 2,067 crore. Shareholders of Enam are to get 5.7 shares of Axis Bank for every share held in the broking company.
Source: www.indianbanks.org
Thanks & Regards,
Maulik Doshi
DENIP Consultants Pvt. Ltd.
5 Popular Portfolio Types
Stock investors constantly hear the wisdom of diversification. The concept is to simply not put all of your eggs in one basket, which in turn helps mitigate risk, and generally leads to better performance or return on investment. Diversifying your hard-earned dollars does make sense, but there are different ways of diversifying, and different portfolio types. We look at the following portfolio types and suggest how to get started building them: aggressive, defensive, income, speculative and hybrid. It is important to understand that building a portfolio will require research and some effort. Having said that, let's have a peek across our five portfolios to gain a better understanding of each and get you started.
1. The Aggressive Portfolio
An aggressive portfolio or basket of stocks includes those stocks with high risk/high reward proposition. Stocks in the category typically have a high beta, or sensitivity to the overall market. Higher beta stocks experience larger fluctuations relative to the overall market on a consistent basis. If your individual stock has a beta of 2.0, it will typically move twice as much in either direction to the overall market - hence, the high-risk, high-reward description.
Most aggressive stocks (and therefore companies) are in the early stages of growth, and have a unique value proposition. Building an aggressive portfolio requires an investor who is willing to seek out such companies, because most of these names, with a few exceptions, are not going to be common household companies. Look online for companies with earnings growth that is rapidly accelerating, and have not been discovered by Wall Street. The most common sectors to scrutinize would be technology, but many other firms in various sectors that are pursuing an aggressive growth strategy can be considered. As you might have gathered, risk management becomes very important when building and maintaining an aggressive portfolio. Keeping losses to a minimum and taking profit are keys to success in this type of portfolio.
An aggressive portfolio or basket of stocks includes those stocks with high risk/high reward proposition. Stocks in the category typically have a high beta, or sensitivity to the overall market. Higher beta stocks experience larger fluctuations relative to the overall market on a consistent basis. If your individual stock has a beta of 2.0, it will typically move twice as much in either direction to the overall market - hence, the high-risk, high-reward description.
Most aggressive stocks (and therefore companies) are in the early stages of growth, and have a unique value proposition. Building an aggressive portfolio requires an investor who is willing to seek out such companies, because most of these names, with a few exceptions, are not going to be common household companies. Look online for companies with earnings growth that is rapidly accelerating, and have not been discovered by Wall Street. The most common sectors to scrutinize would be technology, but many other firms in various sectors that are pursuing an aggressive growth strategy can be considered. As you might have gathered, risk management becomes very important when building and maintaining an aggressive portfolio. Keeping losses to a minimum and taking profit are keys to success in this type of portfolio.
2. The Defensive Portfolio
Defensive stocks do not usually carry a high beta, and usually are fairly isolated from broad market movements. Cyclical stocks, on the other hand, are those that are most sensitive to the underlying economic "business cycle."
Defensive stocks do not usually carry a high beta, and usually are fairly isolated from broad market movements. Cyclical stocks, on the other hand, are those that are most sensitive to the underlying economic "business cycle."
The opportunity of buying cyclical stocks is that they offer an extra level of protection against detrimental events. Just listen to the business stations and you will hear portfolios managers talking about "drugs," "defense" and "tobacco." These really are just baskets of stocks that these managers are recommending based upon where the business cycle is and where they think it is going. However, the products and services of these companies are in constant demand. A defensive portfolio is prudent for most investors. A lot of these companies offer a dividend as well
which helps minimize downside capital losses.
3. The Income Portfolio
An income portfolio focuses on making money through dividends or other types of distributions to stakeholders. These companies are somewhat like the safe defensive stocks but should offer higher yields. An income portfolio should generate positive cash flow. Real estate investment trusts (REITs) and master limited partnerships (MLP) are excellent sources of income producing investments. These companies return a great majority of their profits back to shareholders in exchange for favorable tax status. REITs are an easy way to invest in real estate without the hassles of owning real property: vacancy issues, repairs and the other types of issues a landlord faces when trying to rent property. Keep in mind, however, that these stocks are also subject to the economic climate. REITs are groups of stocks that take a beating during an economic downturn, as building and buying activity dries up.
An income portfolio focuses on making money through dividends or other types of distributions to stakeholders. These companies are somewhat like the safe defensive stocks but should offer higher yields. An income portfolio should generate positive cash flow. Real estate investment trusts (REITs) and master limited partnerships (MLP) are excellent sources of income producing investments. These companies return a great majority of their profits back to shareholders in exchange for favorable tax status. REITs are an easy way to invest in real estate without the hassles of owning real property: vacancy issues, repairs and the other types of issues a landlord faces when trying to rent property. Keep in mind, however, that these stocks are also subject to the economic climate. REITs are groups of stocks that take a beating during an economic downturn, as building and buying activity dries up.
An Income portfolio is a nice complement to most people's paycheck or other retirement income. Investors should be on the lookout for stocks that have fallen out of favor and have still maintained a high dividend policy. These are the companies that can not only supplement income but also provide capital gains. Utilities and other slow growth industries are an ideal place to start your search.
4. The Speculative Portfolio
A speculative portfolio is the closest to a pure gamble. A speculative portfolio presents more risk than any others discussed here. Finance gurus suggest that a maximum of 10% of one's investable assets be used to fund a speculative portfolio. Speculative "plays" could be initial public offerings (IPOs) or stocks that are rumored to be takeover targets. Technology or healthcare firms that are in the process of researching a breakthrough product, or a junior oil company which is about to release its initial production results, would fall into this category.
Another classic speculative play is to make an investment decision based upon a rumor that the company is subject to a takeover. One could argue that the widespread popularity of leveraged ETFs in today's markets represent speculation. Again, these types of investments are alluring: picking the right one could lead to huge profits in a short amount of time. Speculation may be the one portfolio that, if done correctly, requires the most homework. Speculative stocks are typically trades, and not your classic "buy and hold" investment.
A speculative portfolio is the closest to a pure gamble. A speculative portfolio presents more risk than any others discussed here. Finance gurus suggest that a maximum of 10% of one's investable assets be used to fund a speculative portfolio. Speculative "plays" could be initial public offerings (IPOs) or stocks that are rumored to be takeover targets. Technology or healthcare firms that are in the process of researching a breakthrough product, or a junior oil company which is about to release its initial production results, would fall into this category.
Another classic speculative play is to make an investment decision based upon a rumor that the company is subject to a takeover. One could argue that the widespread popularity of leveraged ETFs in today's markets represent speculation. Again, these types of investments are alluring: picking the right one could lead to huge profits in a short amount of time. Speculation may be the one portfolio that, if done correctly, requires the most homework. Speculative stocks are typically trades, and not your classic "buy and hold" investment.
5. The Hybrid Portfolio
Building a hybrid type of portfolio means venturing into other investments, such as bonds, commodities, real estate and even art. Basically, there is a lot of flexibility in the hybrid portfolio approach. Traditionally, this type of portfolio would contain blue chip stocks and some high grade government or corporate bonds. REITs and MLPs may also be an investable theme for the balanced portfolio. A common fixed income investment strategy approach advocates buying bonds with various maturity dates, and is essentially a diversification approach within the bond asset class itself. Basically, a hybrid portfolio would include a mix of stocks and bonds in a relatively fixed allocation proportions. This type of approach offers diversification benefits across multiple asset classes as equities and fixed income securities tend to have a negative correlation with one another.
Building a hybrid type of portfolio means venturing into other investments, such as bonds, commodities, real estate and even art. Basically, there is a lot of flexibility in the hybrid portfolio approach. Traditionally, this type of portfolio would contain blue chip stocks and some high grade government or corporate bonds. REITs and MLPs may also be an investable theme for the balanced portfolio. A common fixed income investment strategy approach advocates buying bonds with various maturity dates, and is essentially a diversification approach within the bond asset class itself. Basically, a hybrid portfolio would include a mix of stocks and bonds in a relatively fixed allocation proportions. This type of approach offers diversification benefits across multiple asset classes as equities and fixed income securities tend to have a negative correlation with one another.
Conclusion
At the end of the day, investors should consider ALL of these portfolios and decide on the right allocation across all five. Here, we have laid the foundation by defining five of the more common types of portfolios. Building an investment portfolio does require more effort than a passive, index investing approach. By going it alone, you will be required to monitor your portfolio(s) and rebalance more frequently, thus racking up commission fees. Too much or too little exposure to any portfolio type introduces additional risks. Despite the extra required effort, defining and building a portfolio will increase your investing confidence, and give you control over your finances.
At the end of the day, investors should consider ALL of these portfolios and decide on the right allocation across all five. Here, we have laid the foundation by defining five of the more common types of portfolios. Building an investment portfolio does require more effort than a passive, index investing approach. By going it alone, you will be required to monitor your portfolio(s) and rebalance more frequently, thus racking up commission fees. Too much or too little exposure to any portfolio type introduces additional risks. Despite the extra required effort, defining and building a portfolio will increase your investing confidence, and give you control over your finances.
Source: www.investopedia.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Indian Bank Q4 net profit up 7% at Rs 438.8 cr
Indian Bank has reported 10.23% growth in financial year 2010-11 net profit of Rs 1,714 crore as against Rs 1,554 crore in previous year.
Net interest income (NII) went up by 27% to Rs 4,036.1 crore and operating profit was up by 19.8% to Rs 3,291 crore from Rs 2,747 crore.
The bank has posted 7% growth in fourth quarter net profit of Rs 438.8 crore as against Rs 410 crore in same quarter the previous year.
Total income was at Rs 2,866 crore in fourth quarter, 24% growth as compared to Rs 2,318 crore in previous quarter.
Tier I capital stood at 11.02% and capital adequacy ratio was at 13.56% in Q4FY11. Earnings per share improved to Rs 38.79 versus Rs 35.09.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Net interest income (NII) went up by 27% to Rs 4,036.1 crore and operating profit was up by 19.8% to Rs 3,291 crore from Rs 2,747 crore.
The bank has posted 7% growth in fourth quarter net profit of Rs 438.8 crore as against Rs 410 crore in same quarter the previous year.
Total income was at Rs 2,866 crore in fourth quarter, 24% growth as compared to Rs 2,318 crore in previous quarter.
Tier I capital stood at 11.02% and capital adequacy ratio was at 13.56% in Q4FY11. Earnings per share improved to Rs 38.79 versus Rs 35.09.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Declaration of Dividend for Reliance FHF- XVIII Series 2 Apr 20, 2011
Reliance Mutual Fund has approved the declaration of dividend under dividend option of Reliance Fixed Horizon Fund - XVIII Series - 2. The quantum of declaration will be 100 per cent of the distributable surplus as available under the plan(s) on the record date.
The record date is April 25, 2011.
Source: www.valueresearch.com
Thanks & Regards,
Maulik Doshi
DENIP Consultants Pvt. Ltd.
UTI MF launches UTI- Fixed Term Income Fund– Series IX– III
UTI Mutual Fund has announced the launch of UTI- Fixed Term Income Fund– Series IX– III (367 Days). The New Fund Offer (NFO) period will be open for subscription from April 20, 2011 to April 25, 2011. The scheme would mature on April 26, 2012.
Source: www.valueresearch.com
Thanks & Regards,
Maulik Doshi
DENIP Consultants Pvt. Ltd.
UTI Mutual Fund Declares Bonus for Three Schemes
UTI Mutual Fund has declared bonus under UTI Unit Linked Insurance Plan. UTI Children's Career Plan - Balanced and UTI Retirement Benefit Pension Fund. The quantum of bonus under all the above mentioned plans will be in the ratio of 1:10 (1 additional unit for every 10 units currently held).
The record date is April 25, 2011.
Source: www.valueresearch.com
Thanks & Regards,
Maulik Doshi
DENIP Consultants Pvt. Ltd.
Subscribe to:
Posts (Atom)