Markets players were caught by a pleasant surprise by scintillating rally during the latter part of the last week as the markets rose from the ashes like a phoenix. This action is a good illustration of something that Doug Kass says so often, which is that the market has no memory from day-to-day.

Roll of Honour

I would highlight [a] intelligent capital allocation to support growth across our businesses, [b] operating strong corporate governance practices and [c] analytics-driven sharp business insights as my three main strategic priorities. There will be several aspects of technology, investment in talent and creating strong centres of excellence as well which will take my time and bandwidth. However, eventually the goal will be to deliver sustainable shareholder value. 

CFO should focus on bottomline growth, besides topline growth. Risk mitigation is another major role of CFO in the company. We at Kewal Kiran have always focused on profitable and healthy growth. Focus on cash flows of the company is another major factor in retail business as business needs strong balance sheet to support the growth in the long run. In the changing times, CFOs are also a part of talent strategy and talent building to achieve goals of the company. 

Satin Creditcare, along-with its three wholly-owned subsidiaries, is becoming a differentiated financial services group serving the unserved/underserved. Besides microfinance, the company is venturing into financing affordable housing, MSMEs, cross-selling, digital lending through “LoanDost” and business corresponding services. In today’s challenging external environment for financial services, the three main strategic priorities are as under: 

Avenue Supermarts Ltd. conducts business operations under the brand name D-Mart. It is a chain of hypermarket stores founded by Radhakishan Damani in 2002. The company was listed in March 2017. Brands such as D-Mart Minimax, D-Mart Premia, D-Homes, Dutch Harbour, etc are owned and operated by Avenue Supermarts. The company aims to be the lowest price retailer in its area of operations.

As the CFO of GHCL, I do realise the tremendous responsibility I have of spurring the organisation’s growth as well ensuring that we take well thought out spending and investment decisions, ensure optimum ROI, and governance to keep our stakeholders satisfied. 

Shri Sanjay Upadhyay is an Associate Member of the Institute of Cost Accountants of India. He is also a Fellow Member of the Institute of Company Secretaries of India. He has completed an Advanced Management Programme from Wharton, USA. He has vast experience in the areas of Finance, Accounts, Commercial and Secretarial Functions. He is associated with the Company since 1994. 

Increase in ROE can be caused by many of the factors like higher profit margins, higher capital turnover, higher financial cost ratio, higher financial structure ratio and, lastly, due to change in tax structures.Since shareholders are interested in return on the money they have invested, they should prefer to invest in stocks with higher ROE.

We will be focusing on following business aspects for growth in coming years: 

I am an individual having HUF. The annual income of HUF is around Rs.10 lakh. The HUF has paid life insurance premium on behalf of the members of family. Can HUF get deduction under section 80C of the Income Tax Act and what is the maximum ceiling?

Arranging requisite resources for the various expansion projects. CFO involvement in organising timely resources has a large role to play in the expansion and growth of the company globally and lead to better outcomes for organization-wide performance improvements. 

Mr. V R Jain is Chartered Accountant and Company Secretary. He is an Honours Graduate in Commerce and was awarded Gold Medal by University of Jodhpur. He has rich experience of more than three decades in the field of Financial Management, Business Support, Financial Planning & Analysis and Controls & Compliances and worked with reputed Groups prior to joining Himachal Futuristic Communications Ltd (HFCL). 

Keeping in view the highly competitive and dynamic business environment, top three priorities will be to act as part of strategic think tank in the organisation for identifying key business growth drivers for creating profit growth opportunities by playing a role of key partner with the top management team 

Cyient’s vision to “apply technology imaginatively to solve problems that matter” focuses on helping our clients solve key business and technological challenges that have a larger societal impact. To achieve this vision, we implemented the S3 (Services, Systems, Solutions) strategy, which focuses on building our capabilities and providing greater ownership and accountability across the product life cycle, as well as expanding our offerings across the value continuum from services to solutions. 

Modi 1.0 has been really good for us as his focus areas were: Road construction (urban and rural roads), housing, Make in India (defence), exports, reduction in coal imports and power for all. We expect these areas to get further momentum in Modi 2.0 and will give boost to the growth of our company. 

The role of CFO has evolved over the years from a role of just preparing financials and containing costs, it has now become more strategic to support organisation stay ahead of the competition. In recent times, with all-round vulnerabilities and internal and external business complexities, the board now sees CFO as an able partner to the CEO in steering the organisation towards long term sustainable growth and profitability. 

As modern-day business paradigms change swiftly, so does the role of a CFO, from being function-oriented to strategy-oriented today. The DNA of the CFO now embodies thorough understanding of the businesses, the strategies as also its competencies and capabilities. 

My first priority is right allocation of capital so we can generate minimum 20% ROC. My second priority is to improve the working capital cycle so that we have additional working capital available for growth. My third priority is to keep the company's leverage low (not zero) to maximise return on equity (ROE) with low risk as debt cost is very low for us compared to the return on investment we generate today (20% plus ROC). 

Digitisation has helped us transform the customer experience and engagement massively. Definitely our operational and business processes have improved owing to digitisation. The best part of using technology and being digitised is that it helps improve the decision making and that is an invaluable asset. 

Our strategic priority is to enhance corporate value by investing in the right businesses, communicating transparently and maintaining high corporate governance - all of which, we expect, will add value to shareholders. 

Besides being zero tolerant to the adherence of accounting norms, auditing stipulations and taxation laws, growth comes in the forefront where finance becomes integral to the executive management team looking after capital markets and funding, the strategies taking the priorities are

CFO – Chief Financial Officers of corporate India have had a tough FY19. The majority of the CFOs we interacted with for this issue however are optimistic on the growth outlook for FY20, even as the impending clash between the two superpowers of the world threaten to slowdown the growth of the global economy. CFOs agree that the trade war triggers have impacted the business sentiment more than anything else; however, a majority of them remain bullish on the economic undercurrents of India. 

Gold is the talk of the town this monsoon season. Geyatee Deshpande identifies factors driving the gold prices higher and advises being cautious despite gold being in the bullish territory. Read on…

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The month gone by, i.e. July, was no less than a nightmare for the investors as Nifty recorded its worst July since 2002 and closed nearly 6 per cent lower for the month. The pain in the broader markets was further aggravated with the Midcap and Smallcap indices plunging 9.81 per cent 

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As we are cautioning for the last few weeks, the Nifty breached its May 2019 low and confirmed the bearish trend. The benchmark index closed below the upward channel support. The continuous selling from the FIIs and the overall distribution in the market forced Nifty to fall without any relief.

"Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years."

Warren Buffett

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation

With no place to hide in the current market situation, can MNC stocks prove to be ‘most profitable’ investments for long term investors? Geyatee Deshpande explores……

The economic slowdown is prevalent and is impacting several sector stocks including real estate stocks negatively. Having said that the branded real estate developer are showing signs of steady recovery. Shohini Nath explores how grim the situation is for the sector even as she highlights the pockets of growth within the sector. Read on.....

SBI Life Insurance Company Ltd. is one of the leading life insurance companies in India. It is a joint venture between State Bank of India, which is India’s largest public sector bank, and the leading global insurance company BNP Paribas Cardif. As of March 31, 2019, the company covered as many as 24 million lives. 

NIFTY Index Chart Analysis
Better to take profit home and stay in cash

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations

This section gives a recommendation of a stock having stock margin padding price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon

This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year

Several factors, including continuous selling by the FIIs, have led to the under performance of the Indian markets. The slowing global economic growth as well as the recent budget announcement made by the finance minister Nirmala Sitharaman remain a concern. 

I enjoy reading your magazine very much and have gained a good understanding of the markets over the years. I hereby request you to kindly provide content regarding economy analysis, industry analysis, company analysis in the coming issue. 

July 2019 is one month most investors would want to forget in a hurry. It has been the worst July in almost 17 years for Dalal Street, especially for Nifty and Nifty Midcaps. For Nifty Bank, it is the worst July in 19 years. Nifty is down by 5.69 per cent, Nifty Bank is down by 7.16 per cent and Nifty Mid-cap is down by 9.8 per cent in the current month.

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JK Paper Ltd. is currently trading at Rs. 115.80. Its 52-week high/low stand at Rs 193.95/Rs 109 made on August 21, 2018 and July 22, 2019, respectively. The stock had formed Adam and Adam double top pattern near all-time high level and, thereafter, it witnessed correction. 

Nifty continued the fall for the sixth day and lost 589 points since July expiry. Nifty has broken the critical level of 11300 with volumes higher than the last two days. This demonstrates distribution. FIIs sold more than Rs. 12000 crore worth of shares in the month of July.

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The privatization of electricity distribution in India is speeding up, thereby generating new and lucrative growth opportunities. TPL boasts one of the strongest balance sheets in the private power sector. 

Nifty consolidating in counter-trend

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations. 

This section gives a recommendation of a stock having stock margin padding price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon

In India, agriculture is the largest source of livelihood. About 70 per cent of India's rural households depend primarily on agriculture for their livelihood, with 82 per cent of the farmers being small and marginal. Agriculture is considered to be the backbone of the Indian economy.

This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year

High promoter holding stocks were always considered good for investment. However, since the budget announcement, all does not seem to be well with these stocks. Yogesh Supekar , Shohini Nath find out how many stocks are affected if such a decision to bring down the promoter shareholding from 75 per cent to 65 per cent is implemented. Read on..

As the government drew the roadmap for making India a US$ 5 trillion economy by 2024, the budget earmarked an investment of Rs. 100 lakh crore for infrastructure. The budget provided relief to the realty sector by increasing the cap of interest deductions on loans for affordable housing, while also helping the cashstrapped NBFCs with liquidity

After falling by more than 1,000 points post-budget, Sensex is showing signs of recovery. Recovery is visible right now, whether it will be sustained depends a lot on the earnings season. What is bothering the market is not that there were no great positive triggers for the markets in the budget, but the fact that not much was done on the liquidity front. Bank recapitalisation announced in the budget, while considered a must to boost liquidity in the system, is not seen as a good enough solution for the liquidity issues.

I have a friend who is a firm believer of insurance products. He buys a new insurance policy every year and sometimes even two policies in a year.

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Portfolio Advisory Service or PAS is a unique product which targets maximum returns with minimum efforts. Let us tell you what makes our PAS subscription so special and in what ways do we bring value to our esteemed PAS members. 

In this edition, we have reviewed ITD Cementation and Trident Ltd. We suggest our reader-investors to HOLD in ITD Cementation and Trident Ltd

The stock of life insurance companies have been in the limelight light on the bourses lately. Out of this pack, our sources suggest that the stock of HDFC Life Insurances still has some steam left. There are multiple tailwinds for the stock.

The IPO market has dried up, so much so that investors are wondering whether the market still exists. Yogesh Supekar along with Shohini Nath explore what is happening in the primary market and explain why the momentum may pick up in the second half of 2019

Strides Pharma has received a warning letter from USFDA for its Puducherry facility. The United States Food and Drug Administration (USFDA) previously had classified the company’s Puducherry facility as Official Action Indicated (OAI). 

Penny stocks constitute almost 12 per cent of all the listed stocks. Geyatee Deshpande finds out how the penny stocks have performed when small-caps and mid-caps have struggled in the past couple of years.

There are hundreds of chart patterns available to trade profitably. Which patterns are more accurate and should be followed is something best left to the experts. Vinayak Gangule identifies the trend reversal patterns that you can profit from. 

Presently, the company has an order book of Rs. 5,152 crore. The focus will be on executing the same with the intention of lowering receivables. The management also intends to focus on overseas orders of MIS and plastics, which are secured and will entail a receivable cycle of 90 days. 

Market awaits Union budget for direction

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations. 

This section gives a recommendation of a stock having stock margin padding price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon

This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year

OPEC+ members formalised and extended their existing 1.2 million barrel per day output cuts to further support the elevated price of oil for another nine months. However, the effect of this output cut was a steep decline in crude oil prices. This is good news for Indian equity markets as lower crude prices bode well for the Indian economy. 

I am your old subscriber of the magazine. I have observed that your suggestions and advise is mostly spot on. In the current market situation, do you think the delayed onset of monsoon will affect the movement of small-cap stocks and also agri-related stocks? 

By the time this issue reaches you, the “most-awaited Union budget” would have been released already and the markets will be taking cues from the specific proposals and the overall contours of the budget. Mostly, the budget should set a bullish tone, thus pushing the markets to all-time highs. 

This indicator is a measure of the percentage of Nifty 50 stocks that are trading above/below their 200-day simple moving averages. The 200-DMA is considered as an important and one of the basic technical indicators that can be used to determine