Discount broking firm, Trade Smart Online, plans to double its current 25,000 customer base by next March. It plans to introduce E-KYC, mutual funds distribution and new mobile app for beginners in this year.

“Every month we add 700-800 new clients, which we want to scale it up to 2,000-odd for achieving our customer base targets. Discount broking firms now form 20 per cent of the total retail volumes currently and retail volumes through discount broking firms is growing at 50 per cent year on year, “ said Vikas Singhania, executive director of the company.

In terms of marketing strategy, the company is focussed on digital marketing, TV advertising and word of mouth for publicity. It plans to invest at least Rs. 2 crore on technology for new product development.

Out of the total 25,000 clients, 30-35 per cent are new acc ... Read more »

Bharti Airtel has announced that it will be bring Apple’s latest smartphone iPhone X to its online store. India’s largest telecommunication provider said that the store will go live on Nov 3, 2017 at 6 PM.

The smartphone will be exclusively available for Airtel Postpaid customers as an unlocked device.

Raj Pudippeddi, the Director – Consumer Business & CMO, Bharti Airtel said, “We are delighted to offer the most advanced iPhone on our online store and give our postpaid customers in India an opportunity to be amongst the select few globally to get the much awaited iPhone X. Our customers can also experience the seamless digital experience offered by Airtel’s Online Store, from ordering the device to doorstep delivery. We are seeing some terrific customer response to our offerings on the Online Store, a ... Read more »

Mumbai-based online-brokerage firm RKSV Securities has raised $4 million in a Series A round of funding led by Kalaari Capital, GVK Davix and others, reports PEhub. Vani Kola and Bala Srinivasa from Kalaari will join RKSV’s board. RKSV has a zero commission pricing model providing free trading for investors on the equity segment; it chargers Rs. 20 per order on all other segments. This helps users cut their trading costs.

The brokerage portal was founded in 2012 by Ravi Kumar, Raghu Kumar, and Shrinivas Viswanath. It claims to have over Rs 6000 crore in daily turnover through their trading and investing operations in NSE, BSE and MCX. The company also has a mobile app named Upstox that helps simplify investing and trading experience for both professional traders and beginners. It has also built a mobile website app named Upstox Pro, for people preferring to use mobile browsers over an apps ... Read more »

Going forward, management expects the EMPS margin to move towards the 7-8% range as newer projects with better profitability come into execution in FY18.

Overall, management focus remains on booking only good quality orders both in India and overseas in terms of profitability. It will be sustaining margins at 11-12% in the longer term.

Favorable macros in the AC industry (low penetration and increasing affordability) along with foray into other consumer durable categories providing multi-year growth visibility for Voltas.

At CMP the stock is trading at 26.6x FY16E earnings and 21.1x FY17E earnings respectively. We recommend a BUY on the stock with a target price of 680 per share.

CMP 218 Target 264
DNL is one of the leading global players for several niche chemical products used in – Colorants, Petrochemicals, Agrochemicals, Rubber, Pharmaceuticals ... Read more »

Samco Securities, online discount broker, has signed Pitchfork Partners Strategic Consulting, a strategic advisor, to provide them with direction on their communication campaigns to support their ambitious growth plans.

Jimeet Modi, CEO, SAMCO Securities, said: “We are delighted to have Pitchfork Partners on board as our strategic communications partner. We are positive that their expertise will play a pivotal role in the success of our communication agenda. We have aggressive growth plans and we need a partner who can work as our extended team to create communications and public relations strategies that defy norms. We look forward to a long-lasting affiliation.”

Sunil Gautam, co-founder, Pitchfork Partners Strategic Consulting, said: “We are excited about our association with Samco Securities. We are impressed with the company& ... Read more »

Geojit BNP Paribas Financial Services has announced the exit of Paris-based BNP Paribas from the board following the latter’s 100 per cent acquisition in stock broking firm Sharekhan in November. However, BNP will remain in the company as a financial investor, AP Kurian, Chairman of the company, said in a press conference here.

As a result of BNP’s exit as its business partner, Geojit has renamed itself as Geojit Financial Services and also changed its logo. The company has already taken required approvals for the change. On being asked whether the company plans to buy back BNP’s stake or look for a new tie-up, C J George, Managing Director, denied comment on any such plans.

As on December 3 ... Read more »

The Nifty in the afternoon trade extended its losses and was down 18.80 points at 10423 while the Sensex shed 35 points and trading at 33565.

CNX Pharma zoomed 2.93 percent on Thursday afternoon with Divis Laboratories rallying over 15 percent. Other pharma stocks which gained the most were Aurobindo Pharma, Dr Reddy’s Labs, Cadila Healthcare, Sun Pharma, Lupin and Glenmark Pharma.

From the Nifty, the stocks that gained the most included Aurobindo Pharma, Dr Reddy’s Labs, Sun Pharma, Lupin and HCL Technologies. The most active stocks included Divis Laboratories, ICICI Bank, State Bank of India, Sun Pharma and Shriram Transport Finance Corporation.

The top Nifty losers were Tech Mahindra which fell over 4 percent followed by Hindalco Industries, ITC, State Bank of India and Tata Motors.

The  ... Read more »

Equities surged to record highs on Wednesday after India moved up several notches in the World Bank’s ease of doing business rankings. Investor sentiment was also boosted by optimism about global economic growth over data in the US and China, the world’s largest economies.

The S&P BSE Sensex rose 1.2 per cent on Wednesday to 33,600 and the Nifty50 rose 1 per cent to 10,440. Banking stocks led the rally. Bharti Airtel rose by more than 8 per cent after the company said global investors had expressed interest in buying a stake in Bharti Infratel.

ICICI Bank, HDFC and SBI, which gained between 2.6 per cent and 4.6 per cent, contributed 218 points to the Sensex rally. Large caps outperformed the broader market and the gains were driven by foreign portfolio investors (FPIs), which bought shares worth Rs 1,000 crore on Wednesday. Overseas investor selling reversed in the past week after the government announced ... Read more »

Cement, calcined petroleum coke and specialty chemicals maker Rain Industries share price touched a fresh record high of Rs 373.90, rising as much as 10 percent on Thursday post stellar earnings performance.

With maintaining buy call on the stock, Motilal Oswal said it has raised target price to Rs 492 (from Rs 362 per share) following increase in EBITDA (earnings before interest, tax, depreciation and amortisation) estimates and carbon margins.

It has raised estimates for carbon margins from USD 100 per tonne to USD 120 per tonne. As a result, consolidated EBITDA has increased by 17/22/21 percent for CY17/CY18/CY19, it added.

Rain Industries reported very strong earnings growth, driven by structural changes in marketdynamics for its carbon business. Consolidated EBITDA increased 49 percent YoY to Rs 673 crore, beating Motilal Oswal&rsqu ... Read more »

The recent selling by foreign institutional investors (FIIs) has been on account of rising crude prices, which could continue in the medium-term, tells B Gopkumar, Executive Director & CEO, at Reliance Securities in an interview to Aprajita Sharma. With the Bharat-22 ETF getting launched on Wednesday, Gopkumar advises retail investors to take a slice of it as the companies under the ETF hold a proven track record.

1) With earnings season in its last leg, what trend have you picked so far? Which sectors surprised or disappointed the most?

Performance in the September quarter by companies has been satisfactory as faster restocking at channel levels aided companies to do better. We understand over 60% companies in Nifty50 have succeeded to beat street’s estimates. I ... Read more »