Reliance Pharma Fund

Mutual Fund Investments

Fund Snap Shot & Benefits

The primary investment objective of the Reliance Pharma Fund scheme is to seek to generate consistent returns by investing in equity and equity related or fixed income securities of Pharma and other associated companies.

Investment Option

  • It is an Open-Ended scheme the minimum investment is Rs. 5,000
  • Systematic Investment Plan {S.I.P} Rs. 5,00/

Load Structure

Entry load – Nil

Exit load: 1% If Exit before 12 months.

This Fund Offers Investment in Growth, Dividend, Dividend Re-Investment Options. And we can SIP for 3 months also..

Funding Structure:

The Fund invests in 26 percent in Pharmaceutical large caps and 50 percent in Mid caps and rest 24 percent investments in small cap companies. As below we can seen they investment as per companies wise

01 Divis Lab 9.68%
02 Cipla 8.94%
03 Sun Pharma 8.21%
04 Sanofi India 8.17%
05 Abbot India 7.96%
06 Ranbaxy Labs 7.59%
07 Dr. Reddy Labs 7.59%
08 Lupin 7.12%
09 Glaxo Smith kline 5.69%
10 Biocon 5.65%

We can see the fund invests as per sector allocation 94.32 percent in Pharmaceuticals, 3.61 percent in Food Beverages, 1.62 percent in Services and rest 0.11 Miscellaneous

Fund Returns

This fund given best returns in volatility markets. There is no special investment in this fund. So investors should take precautions and take decisions to investments in this fund.  The Investments in Growth Option we can seen the Returns as below

  • From Fund Stating Date to till today the fund given returns: 23.75%
  • Past 5 Years the fund given returns: 26.21%
  • Past 3 Years the fund given returns: 10.86%
  • Past 1 Year the fund given returns: 13.04%
  • As per 52 weeks NAV on 18 July’2013 the fund recorded Highest NAV recorded for this fund is 73.89
  • The Lowest NAV recorded for this fund is 63.87 as on 28 Feburary’2013.

Investors those who are invested Rs. 10,000/- from fund announcing date as per 28 June’2013 they investor get Rs. 69,952/- in their hand. Investing thorough Systematic Investment Plan (SIP) of Rs. 2000 from September ‘2005 till we invest today Rs.1, 94,000. This Mutual Fund Information as per 27 Sptember’2013 you get 6,483.43 Units the investment amount as per market value {NAV} Rs. 4, 72,301.81 Ps.

This Fund gives better returns investors those who invest for long term investments mode.

 Fund Details

Date of Announce: 08 June’2004

Fund Manager:  Mr. Sailesh Rajbhan

Nav: Growth Option: 72.83; Dividend Option: 45.61 {As Per 27 September’2013}

Fund Type: Equity; Pharma

Guidelines: S&P Bse Health Care

Amount in Funding: Rs. 685.60 Crores {As on 30 June’2013}

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Risk in Mutual Funds is preferred as below

(BLUE) Investors recognize that their principal will be at low risk.

(YELLOW) Investors recognize that their principal will be at medium risk.

(BROWN) Investors recognize that their principal will be at high risk.

Housing and Urban Development Corporation

HUDCo Tax Free BondsIntroduction

Housing and Urban Development Corporation (HUDCO) is a government-owned corporation in India, founded in 1970 with head quarters in New Delhi, is incoming to the debt capital market from 17 September’2013, through an issue of Tax Free Bonds of face value of Rs.1,000 each, in the temperament of Secured Redeemable Non Convertible Debentures.

Issue Details

Issue, closes on 14 October’2013, has a size of Rs.750 crore, with a choice in HUDCO’s hand to retain an oversubscription up to the projection limit of Rs. 4,809.20 crore. Minimum appliance is Rs. 5,000 and in multiples of Rs. 1,000 after that, at the same time allotment will be done on first come first dole out origin. Life form tax-free, the interest does not draw Tax Deduction at Source {TDS} nor do the bonds attract wealth tax. In addition, the bonds do not have any lock-in period.


Hudco Bonds were rated AA+ by CARE and India Ratings, signifying high degree of safety regarding timely servicing of financial obligations, are proposed to be listed on Bombay Stock Exchange.


Hudco Bonds were proposed to be listed on Bombay Stock Exchange, are to be subject both in physical and dematerialized form, therefore a demat account is not necessary to buy these bonds. Trading lot is one bond and must be essentially in done demat form only.

Proffer of the Issue

Bonds have3 different series under which they are being offered:


Series I

Series II

Series III


10 Years

15 Years

20 Years

Interest Payment




Coupon Rate (%) P.A

For Retail Investors #




Other than Retail Investors




Tax-Effective Yield (%) P.A (Assuming 30.90% Tax Free)

For Retail Investors #




Other than Retail Investors




# Retail investors defined as application up to Rs. 10 lakh from resident individuals, Hindu Undivided Family, Non Resident Indians and Qualified Foreign Investors being individual. 40 percent of the issue is reserved for retail investors, 30% for High Net worth Individuals, 20% for corporate and balance 10% for QIB.

Company Background

A mini-ratna, HUDCO is lends to housing and urban infrastructure projects across the country. In FY13, it posted top line of Rs. 2,900 crore and PAT of Rs. 700 crore, on net-worth of Rs. 6,500 crore. With low net Non Performing Assets of 0.83% as of 31 March’2013, it has a contented capital adequacy ratio of 23.24 percent. Hudco had sanctioned project worth Rs. 23,000 crore and pay out Rs. 6,000 crore in FY13 and targets to pay out Rs. 7,000 crore for the duration of FY14. For Q1FY14, it reported revenue of Rs. 617 crore plus PAT of Rs. 102 crore.

Rate of Return

This is the second tax-free bond issue this fiscal after REC (which closes on 16 September’2013), HUDCO is offering slightly higher coupon vis-a-vis REC. However, its credit rating of AA+ is a nick lower than REC’s AAA. On the other hand, that should not be prevention, the issue being a public sector undertaking with a track record of victorious bond issues.

The Fifteen year (Series II) bonds, carrying the highest coupon rate, are comparable to a 12.68 percent pre-tax return earned on other fixed income instruments, presumptuous the highest tax bracket of 30.9 percent for retail individuals. This is awfully good-looking rate as currently no bank is offering double digit interest rates on long term deposits. In reality, the 20 year Series III issue also carries a very attractive coupon of 8.74 percent which render to12.65 percent tax effective yield.

Before issued (in early 2013) Fifteen year HUDCO bonds are trading on Bombay Stock Exchange with yields of 7.61%-8.05%. Consequently, current rates are significantly higher.

The present issue is likely to witness overpowering response, comparable to REC which closes early on 16 September’2013, a week prior to its scheduled closure of 23 September’2013.


Present HUDCO bonds are very attractive and warrant subscription for debt investors. Both Series II and Series III are suggested, with prejudice towards the latter owing to its longer tenure.

Because this is the first public issue of tax-free bonds by the company this fiscal (having hoist about Rs. 2,400 crore during FY13), it hopes to exercise the green-shoe option and exhaust the entire shelf limit, given the very good-looking ticket rates. Issue mortal on first-cum-first-serve origin, retail investors must grab that application form at the initial.

SREI Infrastructure Finance

SREI Infrastructure FinanceIntroduction

SREI Infrastructure Finance is a festive Kolkata head-quartered has entered the debt capital market with a public issue of secured redeemable Non-Convertible Debentures (NCD) of face value Rs. 1,000 each to raise Rs. 100 crore with an preference to retain another Rs. 100 crore, taking the total fund raising to Rs. 200 crore.

Issue Details

SREI Infrastructure Finance issue opened on 26th August 2013 and will close on 17th September, with an option in SREI Infrastructure Finance hands to either close the issue earlier or extend the closing. Minimum application amount is Rs. 10,000, and in multiples of Rs, 1,000 afterward.


Unaffected from its earlier issue in April/May this year – ‘AA-’ by CARE and ‘AA’ by BRICKWORK indicating high degree of safety for timely servicing of financial compulsion.


To be listed on BSE with one NCD comprising a trading lot. NCD would be issued both in demat and physical (for individual investors) form.

Proffer of the Issue:

The NCD issue has five investment options for individuals/HUF and three for institutional and other investors, as below:

Particulars Series I Series II Series III Series IV Series V
Interest Payment Annual Cumulative Monthly Annual Cumulative
Investor who can Apply All Only Individual/Huf All All Only Individual/Huf
Tenure 3 Years 3 Years 5 Years 5 Years 6 years 3 Months
Type of Security Demat or Physical Demat or Physical Only Demat Demat or Physical Demat or Physical

Coupon Rate {% pa}

Individual/Huf 11.50% NA 11.16% 11.75% NA
Institutional Investors 10.75% NA 10.35% 10.85% NA
Others 10.90% NA 10.50% 11.00% NA

Effective Yield {% pa}

Individual/Huf 11.50% 11.51% 11.75% 11.75% 11.72%
Institutional Investors 10.75% NA 10.85% 10.85% NA
Others 10.90% NA 11.01% 11.00% NA

Effective Yield {pa}

Individual/Huf 11.50% 11.51% 11.75% 11.75% 11.72%
Institutional Investors 10.75% NA 11.01% 11.00% NA
Others 10.90% NA 11.01% 11.00% NA

Redemption Amount {per NCD}

Individual/Huf Rs. 1,000 Rs. 1,387 Rs. 1,000 Rs. 1,000 Rs. 2,000
Others Rs. 1,000 NA Rs. 1,000 Rs. 1,000 NA

Company Background

The company provides financial products and services for infrastructure development and construction. For FY13, consolidated total income stood at Rs. 3,110 Crore with PAT of Rs. 263 crore and AUMs of Rs. 33,330 crore, as of 31st March 2013. On the other hand, its asset quality deteriorated sharply, with gross NPAs surging to 2.77% from 1.58% of 31st March 2012, and net NPAs nearly doubling to 2.30%, from 1.18% a year ago. Consequently, there is considerable stress on the company’s tome. For Q1FY14, company’s consolidated total income was Rs. 783 crore and PAT Rs. 47 crore.


The present Non-Convertible Debentures issue carries attractive returns transversely maturities, with yields of 11.50 percent to 11.75 percent for five years being the highest for folks. On the other hand, the SREI Infrastructure Finance is not the best placed in the sector witnessing tremendous stress and uncertainty. Comparison with SREI Infrastructure Finance preceding issue made earlier this year cannot be made as the liquidity is incredibly meager on Bombay Stock Exchange, with scarcely a duo of trades taking place in a calendar day and yields nearing 17 percent for the five year instrument.


For this reason, only those with a high risk appetite must go for the five year Non-Convertible Debentures – Series III or IV, preferably the latter which carries lower re-investment risk.

For More Details on investment options, visit  for Best Stock Tips and Stock Market Tips.

Why Gold Loosing It Shine

Bullion Outlook

Gold is trading at $1306, down by 0.35%. The expectation of scaling down of Quantitative easing on the back of positive economic numbers from the US supported gains in the other riskier assets. This pressurized gold prices to trade down in the morning session. Euro zone producer price index should remain weak which would limit the gains in the shared currency and weigh down gold prices. During the US hours, the nonfarm payrolls are expected to increase which might support gains in the US dollar and weigh down gold prices. At the MCX, appreciation in the rupee against dollar might keep gold prices under pressure. Therefore gold prices might remain on the downside due to the appreciation in the dollar index. Investors should remain cautious in the evening session as volatility in gold prices is expected.

Base Metals Outlook

Base metals to witness a flat to positive opening at the MCX, supported by a weak rupee (appreciated 0.61 % early morning). Fundamentally, the supply of aluminum, nickel and zinc should remain higher and should cap gains in these metals. However lower supply of lead (due to environmental concerns) should support gains in lead prices. Aluminum premiums in euro-zone have declined from $275/MT to $250-45/MT after the new warehousing guidelines from the LM E which should support higher spot supply and limit the gains in prices. While in lead market, Chinese lead scrap prices and refined metal should continue to remain high as the state increases the factory vigilance and propels closure of polluting lead acid battery facilities. Further, the inventory data has mostly remained mixed in the first four days of this week and hence we expect the heterogeneity in base metals should continue in today’s session.

Energy Outlook

Crude Oil prices are increasing along with the industrial metals space and the US and European equity indices as strong manufacturing readings from the either side of Atlantic and Pacific have bolstered the outlook for improvement in the segment. Amongst the commodity specific cues, WTI also got additional support from recent comments from US President Barack Obama. In a recent interview, US President hinted that the ongoing pipeline expansion by Keystone XL could be used for reducing the glut in the storage location at Cushing and exporting the oil to world markets. While, the US government policy framework doesn’t allow the same thing as of now, there is a possibility of see some developments on the same in coming months. For the day, the most important cue in financial markets will be the US non-farm payrolls. As per average markets estimates, the Labor department report might show US economy added more than 180K jobs in the month of July. We are expecting some extra boost from the report as the weekly Jobless claims data lately and the ADP report on Wednesday this week have been on a positive note.

Mentha Oil Outlook

Yesterday, a positive movement was noticed in the spot quotation, consequently futures market prices also raised. Spot prices at the Barabanki mandi quoted at Rs 15/kg higher compared to the previous day’s spot prices. Meanwhile at the Chandausi and Sambhal mandis spot prices were Quoting Rs 13/kg higher compared to the previous day’s prices. Favorable weather conditions led higher arrivals compared to the previous day’s arrivals. Across the major mandis of Uttar Pradesh, arrivals were hovering around 1400 –1500 drums (1 drum = 180 kg). Despite higher arrivals at spot front, upsurge in export demand supported the upside trend in mentha prices. According to the trade sources, harvesting is almost completed in major mentha growing regions of Uttar Pradesh (which contributes 65% -70% in mentha production).Rising demand from pharmaceutical segments with parallel supply are leading prices towards uptrend. Looking at the supply and export scenario mentha oil prices are expected to trade on a positive note during today’s trading session.

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Sell Silver Mcx Sep below 41000 sl 41280 Tgt 40700

Sell Mentha Oil Mcx Aug below 915 sl 922 Tgt 908


Date Time Region Event Period Survey Prior
02.08.2013 02:30 US Domestic Vehicle Sales Jul 12.40M 12.43M
02.08.2013 14:00 UK PMI Construction Jul 51.5 51
02.08.2013 14:30 EC PPI MoM Jun 0.00% -0.30%
02.08.2013 18:00 US Change in Nonfarm Payrolls Jul 185K 195K
02.08.2013 18:00 US Change in Private Payrolls Jul 187K 202K
02.08.2013 18:00 US Change in Manufact. Payrolls Jul 0K -6K
02.08.2013 18:00 US Unemployment Rate Jul 7.50% 7.60%
02.08.2013 18:00 US Personal Income Jun 0.40% 0.50%
02.08.2013 18:00 US Personal Spending Jun 0.50% 0.30%
02.08.2013 19:30 US Factory Orders Jun 2.30% 2.10%
02.08.2013 06:30 CH Non-manufacturing PMI Jul 53.9

Shell Crude Oil Pumps it High


Gold Projected High Range at 28364-28787

Gold Projected Low Range at 28566-28143

Gold Mcx Oct Resistance on Upside at 28542-29032-29521

Gold Mcx Oct Support on Low side at 27697-27342-26852

Gold Trend Deciding Point at 28187

Silver Projected High Range at 41902-42563

Silver Projected Low Range at 42012-41351

Silver Mcx Sep Resistance on Upside at 42214-42911-43608

Silver Mcx Sep Support on Low side at 40893-40269-39572

Silver Trend Deciding Point at 41590


In Base metals to witness a flat to negative opening at the MCX, supported by a rising rupee (appreciated 0.35% early morning). Basically, the demand for copper and nickel has increased in the last two sessions while aluminum, lead and zinc have witnessed accumulation at the exchange warehouses, which should limit the gains in futures prices today. The PVO analysis also indicates that gains in prices have been supported by rising volumes and open interest except for copper (open interest has declined Indicating that traders are not confident of holding positions). The PVO should also continue to support slight gains in base metals in today’s session as the day progresses. In general, we anticipate the gains in base metals should remain intact in today’s session, backed by improving manufacturing numbers and near-term weakness in the dollar. The ECB and BOE’s rate decision should also enhance the volatility in base metals prices in the evening and caution should be maintained.

Copper Projected High Range at 422-427

Copper Projected Low Range at 418-413

Copper Mcx Aug Resistance on Upside at 425-428-432

Copper Mcx Aug Support on Low side at 416-409-406

Copper Trend Deciding Point at 418.60

Nickel Projected High Range at 849-859

Nickel Projected Low Range at 841-832

Nickel Mcx Aug Resistance on Upside at 855-862-869

Nickel Mcx Aug Support on Low side at 836-824-817

Nickel Trend Deciding Point at 843


Crude oil is anticipated to extend its gains from yesterday’s session though the degree and the overall scope of the up move may be on a lighter note locally due to marginal appreciation in the Rupee against the US Dollar. Support to our view comes from the fact that the Fed in its post policy presentation said the US economy was expanding at a “modest” pace, a change from the “moderate” pace seen in June. It also said the bank remains worried regarding the Inflation number which stands fairly below the targeted level and thus creates a bullish case that it would continue with its ultra low interest rate scenario and the MBS program longer than the previously anticipated time-frame, eventually keeping the US Dollar lower and helping the commodity prices to gain.

Crude Projected High Range at 6413-6475

Crude Projected Low Range at 6364-6302

Crude Mcx Aug Resistance on Upside at 6452-6497-6542

Crude Mcx Aug Support on Low side at 6329-6251-6206

Crude Trend Deciding Point at 6374

Natural Gas Projected High Range at 212-214

Natural Gas Projected Loe Range at 213-211

Natural Gas Mcx Aug Resistance on Upside at 213-215-217

Natural Gas Mcx Aug Support on Low side at 210-208-206

Natural Gas Trend Deciding Point at 211

Mentha Oil:

Yesterday, spot prices at the Barabanki mandi were Rs 27/kg lower, unlike spot prices at the Chandausi and Sambhal mandis were marginally high er by Rs 3/kg compared to the previous day’s prices

Arrivals declined due to the continuous rainfall in the major mentha growing regions. Across the major mandis of Uttar Pradesh, arrivals were hovering around 1200-1400 drums (1 drum = 180 kg)

Lower arrivals at the spot front, coupled with minor export cues pushed spot prices higher to some extent Harvesting in all the major mentha growing regions ha been completed. However, according to some trade sources 5%-7% of crop remains to be harvested (in some small mentha growing belts)

Trade sources suggest that mentha oil production for this year’s crop has been increased by one third from last year’s production. It stands around 55000 MT

Adequate supply at the spot front along with weak export demand is cushioning mentha oil prices in the short term. Therefore looking at the weak export cues and huge production, mentha oil prices are expected to remain in a downtrend in today’s session.

Mentha Oil Projected High Range at 902-911

Mentha Oil Projected Low Range at 907-898

Mentha Oil Mcx Aug Resistance on Upside at 905-916-927

Mentha Oil Mcx Aug Support on Low side at 887-880-870

Mentha Oil Trend Deciding Point at 898


Sell Crude Oil Mcx Aug below 6389 sl 6326 Tgt 6345

Buy Natural Gas Mcx Aug above 210.80 sl 209.90 Tgt 212.70

Buy Mentha Oil Mcx Aug above 898 sl 893 Tgt 904


DATE TIME Region Event Period Survey Prior
01-08-2013 05:20 JN Japan Buying Foreign Bonds Jul-26 ¥549.3B
01-08-2013 05:20 JN Japan Buying Foreign Stocks Jul-26 -¥56.7B
01-08-2013 05:20 JN Foreign Buying Japan Bonds Jul-26 ¥790.3B
01-08-2013 05:20 JN Foreign Buying Japan Stocks Jul-26 ¥349.8B
01-08-2013 06:30 CH Manufacturing PMI Jul 49.8 50.1
01-08-2013 07:15 CH HSBC/Markit Manufacturing PMI Jul 47.7 48.2
01-08-2013 10:30 JN Vehicle Sales YoY Jul -15.80%
01-08-2013 10:30 IN HSBC/Markit Manufacturing PMI Jul 50.3
01-08-2013 13:25 GE PMI Manufacturing Jul F 50.3 50.3
01-08-2013 13:30 EC PMI Manufacturing Jul F 50.1 50.1
01-08-2013 14:00 UK PMI Manufacturing Jul 52.8 52.5
01-08-2013 16:30 UK Bank of England Bank Rate Aug-01 0.50% 0.50%
01-08-2013 16:30 UK BOE Asset Purchase Target Aug 375B 375B
01-08-2013 17:15 EC ECB Announces Interest Rates Aug-01 0.50% 0.50%
01-08-2013 17:15 EC ECB Deposit Facility Rate Aug-01 0.00% 0.00%
01-08-2013 18:00 US Initial Jobless Claims Jul-27 344K 343K
01-08-2013 18:00 US Continuing Claims Jul-20 3000K 2997K
01-08-2013 19:30 US Construction Spending MoM Jun 0.40% 0.50%
01-08-2013 19:30 US ISM Manufacturing Jul 52 50.9
01-08-2013 19:30 US ISM Prices Paid Jul 54 52.5
01-08-2013 —- JN Official Reserve Assets Jul $1238.7B

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Mirae Asset India Opportunities Fund

Fund Snap Shot & Benefits

This Fund is a large cap biased diversified fund. Categorize future growth trends at an early stage. Hub on companies with sustainable competitive advantages – Stocks which have strong pricing power and best sector leaders and also invest the best companies according to the market movement. This Fund invests 95% in Equity Segment only. This fund is suitable for long term capital positive reception and invests in equities and equity related securities.

Mirae Asset India Opportunities Fund never invests more than 3.99% from past 3 years in Det related funds. The best advantage of the fund is if they approach their allocation profits in the particular stock. Then the fund of the stock automatically shifts to another best strong pricing fundamental stock.

Investment Option

  • It is an Open-Ended scheme the minimum investment is Rs. 5,000 {Multiples of Rs. 1/- thereafter}
  • Systematic Investment Plan {S.I.P} Rs. 1,000/- {Multiples of Rs. 1/- thereafter}
  • Minimum Six installments (monthly) Rs. 1500/- (multiples of Re. 1/- thereafter)
  • Minimum Four  installments (quarterly)

Load Structure

Entry load – Nil

Exit load:

  • If redeem within 6 months (182 days) from the date of allotment – 2.00%
  • If redeem after 6 months (182 days) but within 1 year (365 days) from the date of allotment – 1.00%
  • If redeem after 1 year (365 days) from the date of allotment – NIL

Funding Structure

The Fund invests in Large Cap Companies and also in Strong Positional Background Companies. This Fund invests in 58 Companies and also giving Best opportunity in Pharma Sectors.

The Fund Allocation in 10 Allocation Companies

01 Icici Bank 6.59%
02 Hdfc Bank 5.61%
03 Infosyis 5.52%
04 Itc 5.07%
05 Hdfc Ltd 4.92%
06 Reliance Industries Ltd 4.69%
07 State Bank of India 2.98%
08 Zee Entertainments Ltd 2.88%
09 L&T 2.76%
10 Bharati Airtel 2.72%




Rest 53.66% allocate in another companies. In Cash and other funds they Invest 2.61%. As below we can see the ALLOCATION OF FUNDS IN SECTOIAL WISE.


Banking Sector



Oil Sector



Entertainment Sector



Auto Sector



Finance Sector



Petroleum Products Sector



Auto Ancillaries Sector



Capiral Goods Sector



Pharma Sector



Software Sector



In Rest Sectors


Fund Returns

This fund is purely equity mutual fund we can expect best returns in long term investment. The risk ratio is also high. As per Mirae asset opportunities fund Growth Option we can seen the Returns as below

  • From Fund Stating Date to till today the fund given returns: 11.54%
  • Past 5 Years the fund given returns: 13.91%
  • Past 3 Years the fund given returns: 5.15%
  • Past 1 Year the fund given returns: 14.65%
  • The Highest NAV recorded for this fund is 19.26 as on 15 Jan’2013
  • The Lowest NAV recorded for this fund is 15.71 as on 27 Jul’2012 {as per Data July 27’2013}.

Investing thorough Systematic Investment Plan (SIP) of Rs. 1000 from fund Announce date till we invest today Rs. 62,000. This Mutual Fund Information As per 20 Jun’2013 the investment amount as per market value Rs. 89,786. Click Here to get more information on Mirae Asset India Opportunities Fund.

Fund Details

Date of Announce: 04 Apr’2008

Fund Manager: Neelesh Surana & Mr. Gopal Agarwal

Nav: Growth Option: 17.86; Dividend Option: 11.91 {As Per 26 July’2013}

Traded: S&P; BSE 200

Fund Type: Equity; Large and mid caps

Amount in Funding: Rs. 284.02 Crores {As on 30 June’2013}

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Risk in Mutual Funds is preferred as below

(BLUE) Investors recognize that their principal will be at low risk.

(YELLOW) Investors recognize that their principal will be at medium risk.

(BROWN) Investors recognize that their principal will be at high risk.

Multibagger Stock – Britannia Industries


Company Overview:

Britannia Industries established on 1982 having Head Quarters in Kolkata. The Key Persons were Nusli Wadia and Vinta Bali. The Key Products were Bakery products which were Biscuits, Bread, Cakes and Rusk and Dairy Products were Milk, Cheese, and Butter, ghee and Dahi. The company was established in 1892, with an investment of Rs. 295.

Its manufacturing amenities are located in Kolkata, Delhi, Chennai, Mumbai, Uttarakhand, Orissa & Bihar. Devolution of manufacturing facilities is likely to help it in consolidating regional allocation costs and therefore control overall logistics cost.

Company Revenue Background:

The Company reported strong 4th quarter results as lower costs and increased sales of higher-margin products improve its profits. The company’s Net profit increased to Rs.87.8 crs, up 65.55%, as compared to the Net profit of Rs.53.03Crs in the corresponding quarter last fiscal. The Total income grew to Rs.1523.52Crs, up 14.36% YoY as compared to Rs.1332.12 Crores.

Intended for Fourth QFY2013 Britannia Industries posted a 13.5% YoY growth in Net sales to Rs.1486Crs on account of both higher volumes and better realizations. Additional income rise by 106.26 percent y-o-y to Rs.21.10 Crores. Its working profit margin grew quite strongly by 270 basis points to 7.8 percent as against 6.1 percent YoY. Cost of raw material obsessive declined to Rs.648.37Crs in 4th quarter from Rs.655.24 Crores YoY. As well, Britannia recommended a dividend of Rs.8.50 per share for the year ended 31st March 2013.

Britannia Industries is much more than a biscuit company.  From side to side its strong diversification efforts, it has rapidly expanded into other segments such as dairy and confectionery which nowadays contribute 25% to its Sales.

It has amplified its focus on the Health & Nutrition category and is launching products which have noteworthy product differentiators. Nutri choice biscuits, Slimz Milk, Britannia cheese slices with 30% more calcium and Multigrain, multifibre, honey & oats, and wheat breads.

The Company has been victorious in evolving its product portfolio into a more value added product mix. Its civilizing product mix will drive its Revenue and maintain Margin growth in times to come.

Company Valuations:

The Company is trading at attractive valuations of EPS 20.9x FY14E and 24.8x FY15E with the P/E multiple of 32.5 & 27.5 for FY14 & FY15 respectively, offering potential for sizable growth. Britannia Industries is trading at 1.3x its market cap to sales, making it highly undervalued compared to its peers like ITC & Nestle.

The Company product portfolio, higher contribution of value added offerings, coupled with stabilization of softened raw material prices will lead to vigorous earnings. The new products launches will further lower reliance on the biscuits category and assist in volume growth in the business. We Bet to Grab Share near Rs. 660 for Target of Rs 900 in Time Period of 9-12 Months.

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BSE INDIA ID: 500825

Multibagger Stock – Yes Bank

Multibagger Stock - YES BankYES BANK MULTIBAGGER:

Yes Bank is a private bank in India. It was founded by Ashok Kapur and Rana Kapoor, with the duo holding a collective financial stake of 27.16% It was an 9 year old Yes Bank, one of the fastest growing mid-size private sector banks in India, the Bank having 430 branches at 275 locations and 951 ATMs of which, 74 branches and 345 ATMs were added in FY13 alone. The bank’s branches are concentrated more in North and West India.

The Bank having Employees over 7,000 personnel, in FY13, its balance sheet was close to the Rs. 1 lakh crore marks. By FY15, it aims to scale up its reach to 900 branches i.e. more than repetition in two years, and grow its balance sheet size to Rs. 1.5 lakh crore i.e. by 22% every year, over next two years. This looks achievable as bank’s balance sheet grew by 35% in FY13 and by 25% in FY12.

Since from 31st March 2013, the bank equity share capital stood at Rs. 358.62 crore, of which 25.72% was held by two promoter groups – 13.72%.

In the middle of the remaining shareholding, 49.03% stake is held by 367 FIIs, 13.22% by about 180 DIIs (including 4.74% held by LIC) and balance 12.11% by 1.4 lakh retail shareholders.

Yes bank has, year after year, proved consistency and growth in its financial performance and same was the case in FY13 with PAT rising 33% YoY to Rs. 1,301 crore from Rs. 977 crore in FY12. Total income also grew 33% to Rs. 9,551 crore from Rs. 7,164 crore in FY12, with net interest income jumping 37% YoY to Rs. 2,219 crore. This 30% plus growth rates are one of the highest in the industry.

Cost-to-income ratio stand at 38.4%, again very well-controlled as compared to industry norms, which float at 40%plus range. EPS for FY13 stood at Rs. 36.27, up 30% from Rs. 27.87 in FY12. Dividend payout (including dividend distribution tax) stood at 19%, with Rs.6 per share dividend paid for FY13.

Yes Bank’s CASA deposits have grown 72% YoY to Rs. 12,687 crore, with its increased focus on retail banking and maturing of older branches, thereby improving CASA ratio to 18.9%, from 15% twelve months ago. These have helped improve bank’s net interest margin (NIM) to 2.9% from 2.8% a year ago, although there is further room for improvement. Yes Bank aims to strengthen CASA further to 30% by FY15, which should help expand margins further.

For FY13, bank’s balance sheet size was just a tad below the Rs. 1 lakh crore marks, rising by a gigantic 35% to Rs. 99,104 crore, from Rs. 73,662 crore as of 31st March 2012. Its deposits and advances situate at Rs. 66,956 crore and Rs. 47,000 crore correspondingly, as per the latest balance sheet. This kind of destructive growth at relatively moderate base is quite praiseworthy.

The Bank has the most enviable asset quality in the industry, with just Rs. 7 crore net NPAs, accounting for barely 0.01% of net advances. This is a turn down from FY12’s Rs. 17.5 crore and 0.05% respectively. As of 31st March 2013, although gross NPAs rose to Rs. 94 crore from Rs. 84 crore YoY, in percentage terms, it fell marginally from 0.22% of gross advances to 0.20%.

Another feature in theYes Bank’s cap is that its return on average assets (RoA) has been very healthy at 1.5% for FY13 (again best-in-class) and has remained above the 1.5% mark since the last five years. Also, return on equity (RoE) of 20% plus has been maintained since the last 5 years, which stand at 24.8% in FY13.

Owing to a low CASA ratio, its NIMs are low. On the other hand, as CASA ratio improves going forward, the ratio is likely to strengthen. Yes Bank’s growth rate and asset quality is the best among peers.

BVPS, as on 31st March 2013, was Rs. 161.9, which discounts yesterday’s closing price of Rs. 456, by PBV multiple of 2.82x and PE multiple of 12.6x based on historic FY13 earnings. Presumptuous a conservative-to-realistic 20% PAT growth for FY13, bank is expected to report EPS of about Rs. 44 for FY14, with estimated BVPS of Rs. 205, as of 31st March 2014. This discounts the CMP by PE of 10.5x and PBV of 2.22x, on current year earnings.

To supplement its growth, Yes Bank plans to raise equity up to US $ 500 million in FY14, via GDRs / QIP or domestic institutional placement route, shareholder approval for which is already in place. The Bank has also received RBI approval in September 2012 to launch securities broking business.

We bet to grab share in range of Rs. 476-456 for Target of Rs. 575. In Time Period 9-12 Months


BSE ID: 532648

Read more for further information on multibagger stocks.



Company Overview:

Tata Consultancy Services [TCS] is an IT Services & IT Consulting Company Founded in 1968 by the Founder J.R.D Tata and the company quarters situated in Mumbai and TCS had 183 offices across 43 countries and 117 delivery centers across Twenty One countries. At the same date TCS had a total of Fifty Eight subsidiary companies. The Key Persons were Mr. Cyrus Mistry, Chairman and Mr. N. Chandra sekaran, C.E.O & Managing Director.

Company Revenue Back-Ground:

Tata Consultancy Services has for the first time crossed the USD 3 billion mark in its quarterly revenues and the growth has been pretty extensive based.

Tata Consultancy Services has position decent numbers for the quarter ending by March 2013. The Revenues from operations on consolidated basis increased by around 24% at Rs.16431 crores vs Rs.13259.33 crores YoY. A huge chunk of growth is driven by Sale of tackle and software licenses which grew sharply by 61% at Rs.580 cr from Rs.361 cr YoY. Tcs has spectator strong volume growth of 4.4% q-o-q. Operating profit jumped 17.66% at about Rs.4618 crores as against Rs.4661 crores in the like period last year. Tata Consultancy Services has reported 25% rise in its net profit at Rs.3616 crore for the quarter as compared to Rs. 2895 crore for the same quarter in the previous year. EPS stood at Rs.18.47. On the margin front; in service profit margin has dipped by 150 bps at 28.10% from 29.60% YoY due to two headwinds. One is the one-time-settlement costing Rs.1.61 billion and the other is currency headwind which is roughly about Rs.1 billion.

On the geographical revenues front; TCS has delivered strong growth in India as well as in US. India grew sharply at 17.2% and North America revenues rose 1.4% and Latin America by 9.1% qo- q. Continental Europe too has been standing out at 2.5% Deal wins has been very good during this quarter. It has win 11 deals across the geographies and industry segments and added 52 new customers.

Company Valuation:

By way of healthy deal pipeline, increasing discretionary spends management positive outlook, low attrition, stable pricing environment and strong growth in all business verticals across geographies; Tata Consultancy Services growth prospects looks promising. We suppose TCS Ltd. is trading at an attractive valuation at 17.65x and 15.86x of FY14EPS of Rs.80.37 and FY15EPS of Rs.89.43. We Bet to Grab Share Near Rs. 1425 for Target of Rs. 1700 in Time Period of 6-9 Months.

IPO – Ashapura Intimates Fashion



Company Background:

Reputable in 2006, Ashapura Intimates Fashion Ltd and the Chief Promoter was Mr. Harshad H. Thakkar and the Company is engaged in the business of designing, branding, marketing and retailing intimate garments such as loungewear, bridal night wear, honeymoon sets, bathrobes and night wear.

The Company Ashapura Intimates sell their products such as loungewear, bridal night wear, honeymoon sets and bathrobes under the brands “Valentine” and “N-Line”. Also night wear, maternity feeding night wear and bridal night wear (two pieces) are marketed under the brand “Night & Day” and sportswear, women’s innerwear and lingerie’s under the brands “Valentine Sportswear”, “Valentine Secret Skin” & “Valentine Pink”. Company has in house design studio for developing products and creating styles to remain updated on consumer tastes and fashion trends.

Ipo Highlights:

  1. In the direction of set up Ten Exclusive Brand Outlets
  2. Toward fund branding and marketing set-up
  3. To Investment in the equity shares of our Group Company
  4. In the direction of fund modernization of machineries
  5. To meet incremental working capital requirements
  6. Intended for general corporate purposes
  7. To meet Issue expenses

Ipo Details:

  1. Issue Open: 28Mar’ 2013
  2. Issue Closes: 04Apr’2013
  3. Issue Type: Fixed Price Issue IPO
  4. Issue Size: 5,250,000 Equity Shares of Rs. 10 Each
  5. Issue Size: Rs. 21.00 Crore
  6. Face Value: Rs. 10 Per Equity Share
  7. Issue Price: Rs. 40 Per Equity Share
  8. Market Lot: 3000 Shares
  9. Minimum Order Quantity: 3000 Shares
  10. Listing At: Bombay Stock Exchange Small and Medium Enterprises {SME}

Ipo Digest:

Possibly the last IPO for Fiscal 2012-13 is from BOMBAY STOCK EXCHANGE SMALL AND MEDIUM ENTERPRISES Platform that is likely to bid farewell to the primary market. With this the total tally for BOMBAY STOCK EXCHANGE SMALL AND MEDIUM ENTERPRISES IPOs will be 23 during the first year of SMALL AND MEDIUM ENTERPRISES {SME} platform.

The Ashapura Intimates Fashion Limited is in the business of designing, trading, job contract manufacturing, branding, marketing and selling of intimate garments such as loungewear, bridal night wear / honeymoon sets, bathrobes and nighties since amalgamation. An Ashapura Intimates Fashion Limited expanded its product portfolio by adding other intimate garments such as sportswear, women’s innerwear including lingerie. It now plans to foray into a new product category i.e. kids’ innerwear having cartoon characters.

 The Ashapura Intimates Fashion Limited products such as loungewear, bridal night wear, honeymoon sets and bathrobes under the brands “Valentine” and “N-Line” are available through our large network of distributors to our customers in India as well as other countries. Its products such as nighties, maternity feeding nighties and bridal night wear (two pieces) are marketed under the brand called “Night & Day”. Further in the year of 2011, the company  started marketing of sportswear, women’s innerwear and lingerie’s under the brands “Valentine Sportswear”, “Valentine Secret Skin” & “Valentine Pink” respectively by leveraging its existing marketing network.

An Ashapura Intimates Fashion Limited’s Now proposes to muster Rs. 21 crore to set up Ten Exclusive Brand Outlets, fund branding and marketing set-up, modernizations and investment in group companies along with other general corpus fund. For this it is coming out with an IPO of 5250000 equity share of Rs. 10 each at a fixed price of Rs. 40 each. KJMC Corporate Advisors (India) Ltd is the sole manager to this offer and Link In time India Pvt. Ltd. is the registrar to the offer. CARE has assigned ‘ SMALL AND MEDIUM ENTERPRISES Fundamental Grade 4’ to this IPO indicating very good fundamentals. Post allotment, the shares will be listed on Bombay Stock Exchange SMALL AND MEDIUM ENTERPRISES platform. The novel face value of Rs. 100 per share was spitted in Rs. 10 in October 10. Between 2009-2011 March. It made preferential allotments at a price between Rs. 1000-2850 per share and In March 2012 it allotted shares at par. It also issued two bonus shares in the ratio of 5 for 1 in March 2012 and 1 for 1 in October 2012.

Company Valuation:

Resting on company’s performance front, for the last three fiscals it posted an average EPS of Rs. 6.7 and Net Asset Value as on 31.03.12 is at Rs. 20.68. This will get diluted on post bonus issue. For first half of current fiscal it has earned net profit of Rs. 1.65 crore on a turnover of Rs. 57.47 crore. If we attribute this on annualized basis on the post Initial Public Offering equity of Rs. 19.47 then the issue is at a P/E of 22 plus point which is higher compared to its gaze.

Ipo Conclusion:

Lying on merchant banker’s mandate front, possibly this is the first permission and there is no past track record. Due to entry fence and higher pricing. It is better to AVOID.