Lupin Limited (Lupin) reported a 7.9% decline in its total sales (including operating income) to Rs. 3, 952 crore (lower than our expectation of Rs. 4, 167 crore) for 2QFY2018. Operating profit declined by 17% to Rs. 853.1 crore (marginally lower than our expectation of Rs. 865 crore) and adjusted profit declined by 31.2% to Rs. 455.1 crore (above our expectation of Rs. 425 crore). Performance for the quarter was mainly impacted by the 31.9% decline in U.S. revenue due to increased competition in gGlumetza and gFortamet and increasing pricing pressure due to consolidation of players in the U.S.

Outlook

Nevertheless, potential resolution of Goa and Indore plant inspection in the near term along with key upcoming launches could help d ... Read more »

5paisa.com, an IIFL-backed company and low-cost online discount broker, plans to acquire 50,000 customers in 2017-18, its CEO & Director Prakarsh Gagdani, has said.

The company, which started its journey in April last year, has nearly 7,500 retail customers as on date and has evolved into low-cost financial services provider with added business segments of mutual funds and insurance distribution.

“Most of the customers we have acquired are from the market and not IIFL customers. These are the customers who understand the benefits of discount broking and nearly 60 per cent of them ha ... Read more »

5Paisa Capital Ltd. is the first online broking firm to debut on India’s bourses. But that’s not the only reason it grabbed attention on its debut day.
Oddly, the company’s shares listed at vastly different prices on the two stock exchanges.
The stock debuted at Rs 400 apiece on the National Stock Exchange. It was locked in lower circuit after it dropped 5 percent to Rs 380 thereafter. On the Bombay Stock Exchange the scrip listed at Rs 650 apiece and saw an intraday low of Rs 617.50.
Just 247 shares were traded through the day on the BSE whereas traded volume on the NSE hit 30,000 shares.
“The difference in prices of both the exchanges will stay until SEBI intervenes. The law does not permit the exchanges to change the price” said Deena Mehta, well known broker and managing director of Asit C Mehta investments. ... Read more »

The prevailing theme for Gian Piero Ventura’s run as Italy coach was that the 69-year-old journeyman manager was in far over his head.

Having never coached a major club before taking over the national team last year, Ventura covered himself in disgrace on Monday when four-time champion Italy failed to qualify for the World Cup for the first time in six decades.

Ventura was widely criticized for poor tactical decisions before and after Sweden’s 1-0 aggregate win over the Azzurri.

After the scoreless draw in the second leg, it was a foregone conclusion he will be fired according to a contract stipulation in case of a failed qualification, unless he resigns.

“I’m not resigning because I haven’t ... Read more »

IIFL Holdings today reported a 25 percent rise in consolidated net profit at 229.1 crore for quarter-ended September 30, this fiscal.

The company’s net profit stood at Rs 183.1 crore, during July-September quarter of 2016-17.

IIFL‘s income surged nearly 42 percent to Rs 944.4 crore in the second quarter of 2017-18 from Rs 666.4 crore in the same period year-ago.

“Our loans and mortgages business strategy of focusing on retail lending and digital delivery, makes it largely immune from banks’ competition. Wealth and asset management continues to grow on the back of innovative products with customer centricity,” he added.

The company‘s total assets under management, distribution ... Read more »

As odd as it might sound, my brother (Ravi) and I knew that we wanted to get into the world of trading from a very young age. I grew up in the West (France, Canada, and the USA), and in the West one thing they do very well is cultivate the idea of thinking differently from an early age.

When I was 15 or so, my economics teacher had a stock picking challenge for the class. Each student had a small amount of fake money to purchase stocks with. At the end of the year, the student with the highest returns would get a guaranteed top rank. Realising that the chance of winning was going to be very difficult, I knew I had to think outside the box. While everybody else purchased conventional stocks, I purchased penny stocks. I knew that the only way I could possibly win was to do something different. And as it turns out, I won the competition (although I would never advise anybody to purchase penny stocks!). The lesson was that there was ... Read more »

To jeers of ‘Dummkopf’, the convoy of lorries from Rommel’s Afrika Korps barely slowed as it sped through the checkpoint on the road into Tobruk.
From the front seat, an officer in his Wehrmacht uniform imperiously waved his papers at the Italian soldiers manning the roadblock and barked that he had scores of British prisoners of war captured in the desert to deliver into custody.
The Italian sentries lifted the barrier and waved them through. As the three trucks drove on unhindered, the ‘German’ officer could hardly believe the breathtaking bluff had worked.
In reality, he was no German but Captain Henry Buck of Britain’s SOE, the Special Operations Executive. As for his 80 ‘prisoners’, crammed on benches in the back of the trucks, they were actually heavily armed British Commandos, ready t ... Read more »

Company shares of Geojit BNP Paribas Financial Services Limited (GEOJITBNPP.NS) have seen the Rank Correlation Indicator climb higher over the past 3 trading days, suggesting that it could be nearing a turning point if the reading crosses the 80 mark.

The Rank Correlation Indicator, or RCI will find the highest high and the lowest low with a given range and will find out if the security is over or undervalued. It is very much like Stoachastic but with different time periods. Created by Charles Spearman, the indicator oscillates between +100 and -100. At +100 there is a maximum positive correlation between rising price and date. However, if the indicator shows -100, the price falls continuously while the date continues to rise. There is hence a maximum negative correlation. The interpretation is analogous to that for other oscillators. If RCI is highe ... Read more »

After India Inc posted better than expected returns in the second quarter, Abhimanyu Sofat of IIFLsays that the earnings momentum is likely to be better in the coming quarters. In an interview to ET Now, Abhimanyu Sofat ,VP- Research, IIFL said, “After a long time, we are going to hit double digit earnings growth. We look quite optimistic about the future in terms of earning momentum where the consumer cycle also improves with the shift from the unorganised to organised as well.”

The expert points out that a lot of companies’ profits were had taken a hit after demonetisation last year. “Post demonetisation, margins had taken a hit with lots of losses for companies across sectors. There is likely ... Read more »

With the advent of discount brokers in the Indian market, a whole set of trading strategies has opened up for retail investors. But before talking about these strategies, we need to distinguish between a discount broker and a full-service broker.

Unlike a full-service broker, a discount broker does not give advice on what and when to buy or sell. All he offers is a platform to trade, typically online, where the client is expected to punch his own trades. The client has to use his/her own trading or investing skills to make a decision on what to trade.

Discount brokerages like Zerodha, Tradesmartonline, Action Financial, RKSV and Tradejini, among others, have already started hur ... Read more »