Skip to main content

First winner

First Winner gains on
talk of new project
FIRST Winner Industries, which was listed recently, is quietly gaining ground in the markets. For the past few days, the stock has gained handsomely at a time when other newly-listed companies have faltered. The reason, some feel, lies in its new weaving project, which is said to be ahead of schedule. The company is coming up with a 62 lakh metre per annum capacity in the next three to four months, which was earlier scheduled for March 2009. Going by market buzz, it has already acquired land for the new weaving and garmenting project and construction would be complete by September. The stock price closed at Rs 133, down 7%, after gaining over 10% last week. Further, it would also set up a new garment unit with a capacity of about 5000 pieces per day ahead of schedule. Early implementation would result in a topline increase of up to Rs 25 crore for the current financial year. A senior company official declined to comment on the development.
Navin Fluorine rides on
carbon credit gains
NAVIN Fluorine International (NFIL), an Arvind Mafatlal Group company, has seen a 15% gain over the past week on talk of windfall gains from carbon credits. The counter, which is on the radar of many analysts, is back in the news on talk of booking carbon credits worth Rs 100 crore for the whole year and Rs 27 crore in the first quarter. Marketmen have, however, been speculating that this projection is on a conservative basis and the actual value could be upwards of Rs 400 crore. On an equity capital of 10 crore this would translate to an EPS of Rs 100. The stock which is quoting at Rs 260.45, up almost 3.5% on the BSE has a PE of less than 2.5. The price of carbon credit has jumped to € 21 based on current quotes on the NCDEX. The company is said to have 2.8 million carbon credits. NFIL operates the largest integrated fluorochemicals complex in India and manufactures hydro chlorofluorocarbon, at its Bestan plant located in Surat.


Popular posts from this blog

Your Bill Amounts Are Going To Increase From June 1, 2016

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:

Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

What is Gold ETF - Gold Bees, Reliance Gold,Kotak Gold

What is Gold Bees or Gold ETF?

Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in standard gold bullion (0.995 purity). The investors' holding will be denoted in units, which will be listed on a stock exchange.They provide returns that would closely track the returns from physical gold in the spot market.

An investor can buy and redeem the units either directly from the mutual fund or from the stock exchange.Presently there are many Gold ETFs traded in NSE India. Some of the listed Gold ETFs are GoldBees,Reliance Gold,Kotak Gold,UTI Goldshare

Why choose Gold?
Gold holds its own in any investment evaluation on its strengths as a hedge against inflation, value in the event of political uncertainties and its traditionally negative co-relation with other asset classes such as stocks, fixed income securities and commodities.

The value of goods and services that gold can buy has remained stable unlike currencies that have seen significant…


NIFTY BEES - is the first ETF (Exchange Traded Fund) in India, which seeks to provide investment returns that closely correspond to the total returns of securities as represented by the S&P CNX Nifty Index. It gives you the most diversified exposure at lowest possible unit size. Approximately value of Nifty bees will be 1/10th value of the prevailing Nifty price.

ETFs are one of the latest financial innovations and any new concept takes time to be known widely. Globally it took more then five to seven years before it could be of any significant size. In India, it was introduced with Rs 21 crore in size , a fraction of the mutual fund industry, it has come far with more than Rs 700 crore in size with six ETFs.

The Nifty BeES also scores over other index funds due to its low tracking error and expense ratio, apart from easier tradeability as it is listed in the NSE. One can also consider doing an SIP in Nifty BeES.

Some of the reasons to invest in Nifty Bees : Investing in Exchange …