Cement Prices Fall For Sixth Straight Month

Cement prices fell for the sixth straight month amid weakening demand as construction activity was affected by unseasonal rains in parts of India and a ban in the smog-hit Delhi-NCR region.

All-India average cement prices marginally dipped by Rs 3 month-on-month to Rs 338 for a 50-kilogram bag in November, according to the survey of 12 dealers across five regions.

Sharp price cuts were witnessed in south India, the dealers said, while attempts were made to hike prices in the north, though most of it was rolled back. The central region, too, witnessed price cuts in the month. Dealers, however, said the potential exists for price hikes in north and western regions.

The northern region undertook a price hike of Rs 20-25 per bag at the start of the month, but most of it was rolled back in installments following lackluster demand and a ban in construction activity in Delhi-NCR region, according to three dealers. But dealers have been notified of a price hike of Rs 10 per bag by Ultratech Cement Ltd. which is likely to come into effect in the first week of December once the ban is lifted.

JK Cement Ltd. expects demand to recover in December or January next year.

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37 All-time Best Quotes on Money Save Money Quotes

1) “Spend not where you may save; spare not where you must spend.” – John Ray

2) “Save a little money each month and at the end of the year you’ll be surprised at how little you have.” – Ernest Haskins

3) “If you can count your money, you don’t have a billion dollars.” – J. Paul Getty

4) “A man is usually more careful of his money than he is of his principles.” – Ralph Waldo Emerson

5) “Saving requires us to not get things now so that we can get bigger ones later.” – Jean Chatzky

6) “The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.”— T.T. Munger

7) “If you would be wealthy, think of saving as well as getting.” —Benjamin Franklin

8) “A simple fact that is hard to learn is that the time to save money is when you have some.” —Joe Moore

9) “If you’re saving, you’re succeeding.”― Steve Burkholder

10) “The safest way to double your money is to fold it over and put it in your pocket.” – Kin Hubbard.

Managing Money Quotes

11) “Waste your money and you’re only out of money, but waste your time and you’ve lost a part of your life.”— Michael Leboeuf.

12) “Every time you borrow money, you’re robbing your future self.” – Nathan W. Morris

13) “If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” —Edmund Burke

14) “The more your money works for you, the less you have to work for money.”― Idowu Koyenikan,

15) “Money is power, freedom, a cushion, the root of all evil, the sum of blessings.”— Carl Sandburg

16) Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”Ayn Rand

17) “Money often costs too much.” – Ralph Waldo Emerson

18) “There is a gigantic difference between earning a great deal of money and being rich.”— Marlene Dietrich

19) “I don’t pay good wages because I have a lot of money; I have a lot of money because I pay good wages.”— Robert Bosch

20) “Many folks think they aren’t good at earning money when what they don’t know is how to use it.” —Frank A. Clark

21) “Never spend your money before you have earned it.” —Thomas Jefferson

Money Mindset

22) “Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.” —Johann Wolfgang von Goethe

23) “Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give.” – William A. Ward

24) “The more you learn, the more you earn.” – Frank Clark

25) “Do what you love and the money will follow.”— Marsha Sinetar

26) “Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.” -Benjamin Franklin

27) “Money is like love; it kills slowly and painfully the one who withholds it, and enlivens the other who turns it on his fellow human.” – Kahlil Gibran

28) “Money is a terrible master but an excellent servant.” —P.T. Barnum

29) “Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” —James W. Frick

Make Money Quotes

30) “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”— Robert Kiyosaki

31) “The money you make is a symbol of the value you create.” ― Idowu Koyenikan.

32) “Money is always eager and ready to work for anyone who is ready to employ it.”― Idowu Koyenikan

33) “We live by the Golden Rule. Those who have the gold make the rules.” ~Buzzie Bavasi.

Invest Money Quotes:

34) “An investment in knowledge pays the best dividends.”-Benjamin Franklin

35) “In investing, what is comfortable is rarely profitable.” – Robert Arnott

36) “I would not pre-pay. I would invest instead and let the investments cover it.” – Dave Ramsey.

37) “October: This is one

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Stock market news,live stock market news

Morgan Stanley on BPCL

Maintained ‘Overweight’ with a price target of Rs 571.
Cabinet approved divestment of BPCL to a strategic investor along with management control.
Stake sale to a non-SOE could re-rate sector multiples, improve marketing margins and drive cost efficiencies for OMCs in the medium term.

Morgan Stanley on Shriram Transport

Maintained ‘Overweight’ with a price target of Rs 1,365.
New vehicle demand affected by overcapacity created by the change in axle load norms and slowdown.
NIMS to remain stable in the range of 7.2-7.3 percent; funding availability and the cost is improving.
Credit costs are expected to be in the 200-220 basis points band.

Morgan Stanley on Indian Telecom

Government approves a two-year moratorium on spectrum payments.
Move is cash flow positive for all the telcos but provides much-needed relief to Vodafone Idea.
Telcos still, have to pay remaining spectrum dues for 2019-20 which could be a drag on cash balances.

On Zee Entertainment
IDFC Securities

Maintained ‘Outperform’ with a price target of Rs 416.
Issues around pledged shares addressed.
Zee promoters to continue to run the company.
Believe the market should start re-pricing the company for its strong fundamentals.

Morgan Stanley

Upgraded to ‘Equal-weight’ from ‘Underweight’; hiked price target to Rs 340 from Rs 248.
Overhang of pledged stake diminishing.
Large a portion of the promoter debt issue could be resolved with recent stake sale.
Investors will start monitoring the financial and operational performance of the business.

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Gail _india_ Ltd Live BSE Share Price today

GAIL – Q2 FY20 (Unaudited – Cons.)
Share price – 127

Total revenue from operations at 18,249 Cr
19,352 Cr (-5.72%) YoY | 18,481 Cr (-1.22%) QoQ

Half year revenue: 36,731 Cr Vs. 36,926 Cr (-0.52%)

Net Profit of 1,168 Cr
1,789 Cr (-34.73%) YoY 1,503 (-22.17%) QoQ

Half year ending Net Profit: 2,671 Cr Vs. 3,232 Cr (-17.32%)

EPS (in Rs.) 2.59
3.96 YoY | 3.33 QoQ

Half Year ending EPS: 5.92 Vs. 7.16

View: The result is below expectations and down. Although YoY revenue marginally down but profit significantly down in YoY. QoQ also profit and revenue both down.

Business Highlights & Updates:

Q2FY20 EBITDA is around INR 1890 Cr Vs. 2925 Cr in Q2FY20. H1FY20 EBITDA is around INR 4,407 Cr Vs. 5,382 Cr in H1FY19.

GAIL has basically diversified company with the major topline of Natural Gas – 6%, Natural Gas marketing -74% Petrochemicals -7%, City Gas – 6% and others – 9%.

YoY topline growth for Natural Gas down by more than 7%, Natural Gas marketing down by 7%, Petrochemicals down by 8%, City Gas down by 3%. So all segment topline growth declined.
YoY bottom-line growth for Natural Gas declined by 10%, Natural Gas marketing declined by 70% (significantly down – Negative impact), Petrochemicals down by 150% (Also loss-making in this quarter), City Gas up by 71% (Very small portion around 53 Cr profit).

ROE and ROCE are around 13.7% and 22% respectively and book value per share is around 192 and share is currently trading at 0.6x of its book value. The company is currently trading at annualized PE of around 13 which is fair as per Industry benchmark. Promoter (Govt of India) is holding around 52.6% in the company, FIIs and mutual funds hold around 18.8% and 9.1% in the company. The good thing is the company has very small debt and current debt-equity ratio is around 0.03:1 which is very fair. The company has a strong net worth of around INR 40,925 Cr.

Share price high 189 and now 127 almost 32% from their peak due to YoY and QoQ performance continuously declined and also effecting operation efficiency and also news floating around for transferring of their main business. Gail Limited is the Government of India undertaking company. Gail is the largest state-owned natural gas processing and distribution company in India. It is headquartered in New Delhi. It is a state-owned enterprise of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas.
Current news also indicates that Govt wants to exit the oil & gas business.

Share is in the bearish zone and continuously performance impacted. Support is INR 115.

Disclaimer: Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Free stock tips

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Business News, Economic News, Market News, Share Market News

Business Standard
Ø Rs 25,000 crore realty booster to help affected homebuyers
Ø Sitharaman to chair FSDC meeting on Thursday
Ø Jolt to Adani as HC refuses relief in Mumbai Airport case
Ø RBI panel submits a report on Core Investment Companies
Ø NFRA, RoC seek info on whistleblower complaints: Infy
Ø Moody’s warns of possible Yes Bank downgrade
Ø Complete insolvency process of Jaypee in 90 days: SC


Ø Exit from 51 PSUs can fetch govt 7 times disinvestment goal of Rs 1.05 trn
Ø Fitch raises India's FY20 fiscal deficit to 3.6% of GDP on sluggish growth
Ø PSU general insurance companies seek capital infusion ahead of merger
Ø Lupin posts net loss of Rs 127 cr, US market holds key to firm's rerating
Ø China regulator warns e-commerce platforms to stop monopolistic practices
Ø


Business Line


Mint
Ø Tata Steel Q2 net rises 6% to ₹3,302 crore on tax write-back
Ø Four out of twenty coal mines awarded after bid
Ø Worst may be over for global economy amid signs of stabilization
Ø Bajaj Electricals posts consolidated net loss of ₹32.54 crores in Q2
Ø Emami net up 17% at ₹96 crores in Q2
Ø Cairn Oil & Gas gets a 10-year extension for Ravva Production Sharing Contract


Ø Cipla posts 25% rise in Q2 net profit aided by strong US, India operations
Ø Cap amount of retail and developer loans in 75:25 ratio: SBI chairman
Ø Adani Enterprises, DIAL among 4 bidders for ₹29,560 crores Jewar airport
Ø Lenders should be allowed to restructure real estate loans without NPA tag
Ø Saudi Aramco IPO: China considers up to $10 billion stake
Financial Express


Deccan Chronicle
Ø Coal Ministry not in favor of overseas acquisitions by ClL, says Pralhad Joshi
Ø India gained $755 million in additional exports to the US due to US-China trade war: UNCTAD
Ø BSNL rolls out VRS scheme; expects 70,000-80,000 employees to avail it
Ø Reliance again puts off-gas bid to November 15 on bidders request


Ø AstraZeneca to distribute Sun Pharma cancer medicines in China
Ø SpiceJet board to consider Q2 results on Nov 13
Ø Rupee settles 28 paise down at 70.97 against US dollar
Ø Steel consumption in India set for the quantum jump: Pradhan
Ø Sensex jumps 222 points to close at a record high of 40,470
Ø Gold drops Rs 301, silver too tumbles Rs 906 #nifty-50
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*Stock to watch* Hero Moto board approves investing up to Rs 450 cr ....

Hero Moto board approves investing up to Rs 450 cr in Hero FinCorp in tranches, via private placement (Positive)

Sun Pharma enters into a licence agreement with Astra Zeneca for novel ready-to-use (RTU) infusion oncology products in China (Positive)

Tech Mahindra Q2: Net profit up 17.2% at Rs 1,124 crore versus Rs 959.4 crore, rupee revenue rises 4.8% at Rs 9,070 crore against Rs 8,653 crore, QoQ (Positive)

Cholamandalam Investment Q2: Net profit at Rs307 crore, revenue up 31.2 percent at Rs 2,197 crore (Positive)

Greaves Cotton gives in-principle approval for the acquisition of 18.77 percent stake in subsidiary companies i.e. Ampere Vehicles (Positive)

SPARC enters into a licensing deal with China Medical System Holding (Positive)

Wipro launches the Wipro RAPIDS DXP solution suite (Positive)

Hikal – ICRA has reaffirmed the company’s long term rating of A (stable). (Positive)

Max India: Composite merger scheme involving Radiant Life Care received shareholders’ approval (Positive)

CG Power: CG Power Indonesia bagged additional IDR 334 billion (USD 24 million) order from Indonesian state utility (Positive)

Finance Minister says real estate sector needs attention & Govt is working with RBI (Positive)

Infosys: Movement Mortgage has selected Infosys to lead its digital transformation, development services. (Positive)

Transport Corporation of India: CRISIL has upgraded the long-term rating to AA/Stable from AA-/Positive). (Positive)

Titan Q2: Net profit up 1.8% at Rs 320.2 crore versus Rs 314.4 crore, revenue up at Rs 4,435 crore versus Rs 4,407 crore, YoY. (Neutral)

M&M: Total October production stands at 44,697 units against 56,752 units in the same period last year (Neutral)

PNB’s slippages for Q2 rise 50% on a sequential basis to Rs 8119 crore. (Negative)

Sagar Cement: The cement production for October is down 26 percent YoY while sales are down 28 percent YoY. (Negative)

BEL Net Profit at Rs 344.0 crore versus poll of Rs 470 crore, EBITDA at Rs 545 crore versus poll of Rs 680 crore (Negative)

CLSA on Dabur: Maintain Buy call and raise target at Rs 575/Sh (Positive)

Credit Suisse maintains outperform call on Dabur, remains positive on co over the medium-term with raise target at Rs 535/Sh (Positive)

CLSA has Overweight Call on Godrej Prop, raise target at Rs 1200 /Sh (Positive)

Citi on SRF: Maintain Buy call with the target at Rs 3561/Sh (Positive)

Morgan Stanley On Tech Mahindra: Maintain overweight call with the target at Rs 850/Sh (Positive)

CLSA maintains Buy call on Guj Gas, raises EPS estimates by 15-53% for FY20-2. Target raised to Rs 270 from Rs 210/Sh. (Positive)

UBS feels a strong Q2 for Tech Mahindra, positive H2 guidance should buoy sentiment, maintains neutral call on co, target at Rs 680/Sh (Neutral)

Credit Suisse maintains underperform call on Punjab National Bank, cuts FY21 EPS estimate by 40%, target cut to Rs 55/Sh (Negative)

Credit Suisse cuts FY20-22 earnings estimate for Titan by 8-10%, maintains neutral rating on co; target price at Rs 1110/Sh (Negative)

CLSA downgrades Titan to sell from underperform, target cut to Rs 1,025/Sh (Negative)

CLSA has a Buy rating on NCC, target cut to Rs 105 from Rs 138/Sh (Negative)

Credit Suisse notes that Apollo Tyres posted weak Q2 results, feels the outlook is not too encouraging. Maintains neutral call on co, target price at Rs 160/Sh (Negative)

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*Result Highlight:*

Varun Beverages Ltd. Q2 Cons: Net profit up 91.2% at Rs. 80.7 cr. Vs Rs. 42.2 cr. (YoY) and Revenue up 47.5% at Rs. 1776.8 cr. Vs Rs. 1204.4 cr. (YoY)

Wabco India Ltd. Q2: Net profit down -64.6% at Rs. 33.85 cr. Vs Rs. 95.52 cr. (YoY) and Revenue down -40.9% at Rs. 392.5 cr. Vs Rs. 663.64 cr. (YoY)

Sundram Fasteners Ltd. Q2 Cons: Net profit down -39.6% at Rs. 70.58 cr. Vs Rs. 116.89 cr. (YoY) and Revenue down -23.7% at Rs. 861.11 cr. Vs Rs. 1128.03 cr. (YoY)
The board at its meeting declared an interim dividend of Rs. 1.35 per share

Sun Pharma Advanced Research Company Ltd. Q2: Net loss at Rs. -63.16 cr. Vs Loss of Rs. -2.58 cr. (YoY) and Revenue down -72% at Rs. 17.19 cr. Vs Rs. 61.35 cr. (YoY)

Kirloskar Brothers Ltd. Q2 Cons: Net Loss at Rs. -7.4 cr. Vs Loss of Rs. -7.9 cr. (YoY) and Revenue up 6.9% at Rs. 720.5 cr. Vs Rs. 673.9 cr. (YoY)

Sutlej Textiles & Industries Ltd. Q2 Cons: Net profit down -32.4% at Rs. 16.64 cr. Vs Rs. 24.61 cr. (YoY) and Revenue down -9.1% at Rs. 638.7 cr. Vs Rs. 702.39 cr. (YoY)

Transpek Industry Ltd. Q2 Cons: Net profit up 41.4% at Rs. 15.46 cr. Vs Rs. 10.93 cr. (YoY) and Revenue down -12.5% at Rs. 125.34 cr. Vs Rs. 143.23 cr. (YoY)

HDFC Ltd.Q2FY20: Net interest income higher by 16% yoy& 1.6% QoQ at Rs 3077 crore against expectations of Rs 3047 crore. Operating profit grew by 36% yoy& 8.4% qoq at Rs 5284 crore. Net profit higher by 61% yoy and 24% qoq at Rs 3961.53 cr. Gross NPA at 1.33% vs 1.29% QoQ; Individual gross NPA at 0.73% vs 0.72% QoQ& Non-individual Gross NPA at 2.87% vs 2.68% QoQ


Can Fin Homes Ltd. Q2: Net profit up 19.7% at Rs. 97.62 cr. Vs. Rs. 81.54 cr. (YoY) and NII up 19.2% at Rs. 155.52 cr. Vs. Rs. 130.5 cr. (YoY).

Nocil Ltd. Q2 Cons: Net profit up 3.9% at Rs. 54.93 cr. Vs Rs. 52.85 cr. (YoY) and Revenue down -22.9% at Rs. 209.73 cr. Vs Rs. 271.99 cr. (YoY)

Sudarshan Chemical Industries Ltd. Q2 Cons: Net profit up 87.8% at Rs. 46.21 cr. Vs Rs. 24.6 cr. (YoY) and Revenue up 10.5% at Rs. 393.5 cr. Vs Rs. 355.97 cr. (YoY)

Orient Refractories Ltd. Q2 Cons: Net profit up 16.7% at Rs. 26.09 cr. Vs Rs. 22.35 cr. (YoY) and Revenue down -3.5% at Rs. 180.11 cr. Vs Rs. 186.69 cr. (YoY)

Persistent Systems Ltd. Q2 Cons: Net profit up 4.3% at Rs. 86 cr. Vs Rs. 82.47 cr. (QoQ) and Revenue up 6.3% at Rs. 884.6 cr. Vs Rs. 832.1 cr. (QoQ)

VST Industries Ltd. Q2: Net profit up 33.6% at Rs. 76.32 cr. Vs Rs. 57.13 cr. (YoY) and Revenue up 3.8% at Rs. 323.03 cr. Vs Rs. 311.11 cr. (YoY)

Indian Overseas Bank Q2: Net profit down -362.5% at Rs. -2253.64 cr. Vs. Rs. -487.26 cr. (YoY) and NII down -0.4% at Rs. 1203.89 cr. Vs. Rs. 1208.31 cr. (YoY). Gross NPA at 20% Vs 22.53% (QoQ) Net NPA at 9.84% Vs 11.04% (QoQ)

Intellect Design Arena Ltd. Q2 Cons: Net Loss at Rs. -17 cr. Vs Profit of Rs. 3.39 cr. (QoQ) and Revenue down -4.7% at Rs. 326.5 cr. Vs Rs. 342.7 cr. (QoQ)

Repro India Ltd. Q2 Cons: Net profit up 6.9% at Rs. 5.75 cr. Vs Rs. 5.38 cr. (YoY) and Revenue down -0.3% at Rs. 98.95 cr. Vs Rs. 99.25 cr. (YoY)

TCI Express Ltd. Q2 Cons: Net profit up 60.4% at Rs. 26.1 cr. Vs Rs. 16.27 cr. (YoY) and Revenue up 9% at Rs. 269.47 cr. Vs Rs. 247.2 cr. (YoY)
Board of Directors, Declared payment of Interim Dividend of Rs. 1.50 per share

SRF Ltd. Q2 Cons: Net profit up 99.2% at Rs. 301.13 cr. Vs Rs. 151.2 cr. (YoY) and Revenue down -1% at Rs. 1737.8 cr. Vs Rs. 1754.95 cr. (YoY)

GE Power India Ltd. Q2 Cons: Net Loss at Rs. -22.3 cr. Vs profit of Rs. 5.2 cr. (YoY) and Revenue down -7.8% at Rs. 519.2 cr. Vs Rs. 563.4 cr. (YoY)

Mahindra Logistics Ltd. Q2 Cons: Net profit down -40.9% at Rs. 11.2 cr. Vs Rs. 18.94 cr. (YoY) and Revenue down -8.1% at Rs. 852.42 cr. Vs Rs. 927.35 cr. (YoY)

EIH Associated Hotels Ltd. Q2 Cons: Net profit at Rs. 5.06 cr. Vs Rs. 0.53 cr. (YoY) and Revenue down -3% at Rs. 45.61 cr. Vs Rs. 47.01 cr. (YoY)

HT Media Ltd. Q2 Cons: Net profit up 48.7% at Rs. -24.47 cr. Vs Rs. -47.67 cr. (YoY) and Revenue up 0.6% at Rs. 520.52 cr. Vs Rs. 517.52 cr. (YoY)

KRBL Ltd. Q2 Cons: Net profit down -27.9% at Rs. 113.39 cr. Vs Rs. 157.21 cr. (YoY) and Revenue down -2
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*SELL and THINK*.

We tend to buy a company's shares when it seems to exhibit good prospects. But, suddenly something happens like an earthquake or terrorist attack and the share prices tumble like the twin towers (9/11).

Retail investors remain trapped and hope that they would recover the purchase price but it rarely ever recovers.
For the last few months, many people ask about YES Bank, DHFL, Rel Capital, etc.
These kinds of once gems, becoming problem companies will also be there in the future.

The powerful Mantra is to make a decision:

Whenever you travel in a taxi and the tire gets punctured, you get down from the taxi, pay the bill and say goodbye to the taxi driver. *You only fix the tire and continue with the journey if it's your own car.*

Whenever there is a major change in the fundamentals of a company, just use this Mantra: *SELL and THINK*

Don't try to apply technical analysis to fundamentally crisis-ridden companies. Just because you have a hammer in your hand (knowledge of technical analysis), don't use it to hit everything that looks like a nail. Please try to understand the basic assumptions of technical analysis. Technical analysis is applicable to only fundamentally sound companies at a given point in time.

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