Companies with high share pledging by promoters are facing some selling pressure and might be riskier to invest. Following is the list of compaines where more than 40% of the promoter's holding is pledged.
Quality Large cap stocks that hit fresh 52 week low as on 22nd June 2011:
Bharat Elctronics 1,558.10
Maruti Suzuki 1,116.00
Aban Offshore 493.30
Dredgng Corp 302.00
Selan Explorartion 293.05
Simplex Infra. 271.25
Shiv vani Oil 215.00
Golden rules of investing in stock markets.
1. DON'T BUY ON TIPS
A retail investor is typically the last one to know of the tip. Hence he is most likely to invest when the stock has already run up and hence at a risk to lose money.
3. DON'T CONFUSE INVESTING & TRADING
Trading is short term and investing is long term. Getting confused between the two can be a sure way to lose money.
Advance tax pay-up by India Inc presents a rosy picture, despite a massive fall in April IIP numbers. IDBI Bank saw the highest increase in tax outgo in terms of percentage over previous year. Following is the table listing the companies advance tax data compared with the previous year.
India's largest software exporter TCS saw its tax bill nearly doubling to Rs 240 crore in the reporting period from Rs 128 crore in the year-ago quarter. This could partly be because of end of STPI tax holiday which became effective from 1st April 2011 and partly because of superior performance expected in the current quarter.
According to the official, the production halt at the Manesar plant has cost the automobile major a volume loss of around 10,200 cars, including 600 units on the first day of the strike June 4 which translates into a revenue loss of approx Rs. 340 crores.
By the way the stock price of the company hasen't been affected that much and is down around 2% since June 4 2011. But if the strike continues for few more days, there might be deeper impact on the company's stock prices.
Out of the 15 companies that came out with IPO in 2011, nine entities, including PTC India Financial Services and Future Ventures India, are attracting negative returns in the range of 16-75%.
Shilpi Cable Tech
Omkar Speciality Chem.
PTC India Financial Services
Future Ventures India
*CMP as on 3rd June 2011.
- Aanjaneya Life
- eClerx Services
- Indo Tech Trans
- Paramount Print
- Pearl EngPolyme
- Sabero Organics
- Sanghvi Forging
- Simbhaoli Sugar
- Sun TV Network
- Voltamp Trans
The Baltic Dry Index is a composite of three sub-indexes that measure different sizes of dry bulk carriers (merchant ships) - Capesize, Supramax and Panamax. Multiple geographic routes are evaluated for each index to give depth to the index's composite measurement.