As accumulation of wealth is important so is its distribution. A lot is said about the accumulation phase, however, the distribution phase is also equally important and you should have a well thought strategy that will help your wealth last longer.

Avoid investing in overhyped stocks is what the year 2018 taught us. Yogesh Supekar and Karan Bhojwani discuss what exactly are overhyped stocks, how to identify them and how they have fared in terms of their fundamentals

Mutual funds are redefining the landscape of investors in our country. One of the major factors that works in favour of mutual funds is that they are a simple yet effective investment vehicles that allow investors to build a portfolio of varied options across different asset classes based on their risk profile and time horizon. 

I am holding 850 shares of Gruh Finance Ltd. since June 2018, purchased at Rs 357. Could you please advise if I should hold the stock or exit?

MF Select

In this edition, we have reviewed Va Tech Wabag and KEI Industries. We suggest our reader-investors to REDUCE EXPOSURE in Va Tech Wabag and HOLD in KEI Industries. 

BoB's merger with Vijaya Bank and Dena Bank will result in the creation of the third largest lender in India boasting an advances and deposits market share of 7 per cent and 7.3 per cent, respectively.

The growth in mutual fund investment is leading to an increase in the number of companies offering ratings for mutual fund schemes. DSIJ explains how to interpret and use them.

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

The financial service provider posted disappointing results for the December quarter. The company's EBITDA for Q3FY19 fell to Rs. 154.7 crore, down by 67 per cent compared to the year ago quarter.

Many international equity-oriented mutual fund schemes in India have witnessed a sharp fall in their value in the last couple of months. DSIJ elucidates if it is right time to invest in these funds. 

The Indian stock market remains in an indecisive phase for the fourth consecutive week. Most of the indices are gripped within a triangle, which suggests that the market is not certain about which direction it should move.

Overall volumes in futures & options currently stand at 1.24 crore contracts with a turnover of Rs. 7,45,712.00 crore.

Overall volumes in futures & options currently stand at 1.24 crore contracts with a turnover of Rs. 7,45,712.00 crore.

The idea of getting the benefits of both mutual fund and insurance in one product interested almost everyone and in no time AMCs introduced SIP with insurance. DSIJ explains what is SIP with insurance and is it worth investing in? 

The data from AMFI shows that investors from B30 cities invest more in equity funds.

I am a senior citizens, invested two years back in the Reliance Equity Hybrid Fund on quarterly dividend payout basis with the intention to have a regular income, but this time we have not received our quarterly dividend due on Dec 20, 2018.

The index needs to clear the crucial resistance zone of 10,900-10,950, as sustaining above this zone could open up for further upside towards the level of 11,000, followed by 11,090. Unless and until Nifty witnesses breakout of this resistance zone, we will see index consolidating in a capped range. Stocks in news: Fortis Healthcare, Jet Airways, IIFL Holdings and RITES.

Indian indices are likely to open with modest gains as trends across the Asian peers are subdued. The SGX Nifty indicates Nifty is likely to open around 10,958, up by 33 points. Many corporates are likely to report earnings today and some of the key names include AU BANK, Federal Bank, Hindustan Unilever, Mastek, Rallis, LTTS and Reliance Industries. The regulator SEBI has now decided to further ease norms for mutual funds to take derivative exposures. SEBI has issued modified rules which allow mutual funds to also write call options under specific conditions.  
  

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

The following stocks would be in focus during Thursday’s trading session in light of their results announcement on January 17: AU Small Finance Bank, Aditya Birla Money, Cyient, Hindustan Unilever and Reliance Industries. 

Trading data for institutional investors showed active trading, albeit in lower volumes. FIIs were net sellers to the tune of Rs 2,675 crore, while DIIs were net buyers with an inflow of Rs 1,321.54 crore during the fortnight.

I am new to investing and have been taking guidance from your magazine. Thank you for making life easy for new investors such as me. Can you tell me more about your Low Price recommendations in the magazine

Market outlook looks cautiously optimistic to me at this point of time with no major worries in sight as of now. We would like to revise our Sensex target from 42,000 to 39,000 level for March 2019. In my view, RBI is playing spoilsport right now and has not done enough to propel economic growth. No business can be done if one is overcautious. RBI has been overcautious for too long in my view.

Dalal Street Investment Journal has always been a pioneer in adopting the best practices so that our readers not only read the journal, but act in a prudent manner to take some sound decisions. Keeping in mind our logo “Democratising wealth creation,” we are pleased to have ranked 100 best business schools of the country, keeping the authenticity and objective of our tagline, intact. 

Mobile entertainment service provider On Mobile Global informed that Telefonica Moviles, Spain has renewed its contract with the company for a period of five years.

Post the 2018 budget in February, the market kept flashing in red throughout the year ahead. While going through the data of small-cap companies, we considered companies having market cap between Rs. 100 to Rs. 1,000 crore and came out with top 10 losers in the last one year.

White Organic Agro, an organic agro product company, reported stellar quarterly performance in Q3FY19. The company’s revenue grew almost 90 per cent. 

The diamond and jewellery industry was hit in 2018 after one of the biggest banking scam was revealed in India. Celebrated diamantaire Nirav Modi cheated Indian banks of Rs. 13,000 crore. A steep erosion in the value of Nirav Modi brand was inevitable.

Calendar 2018 had been a heart wrenching year for investors holding stocks of small-cap and mid-cap companies. Close to 85 per cent of these stocks failed to beat the benchmark BSE Sensex, with small-caps on the forefront facing the heat during the year.

Among mutual funds, the small-cap category MFs are the one which gave luring returns over the long-term period. However, people look at only one parameter, that is, returns. So let’s find out whether the small-cap category is suitable for parking your investments or not.

Following stocks are close to their 52-week low as at 12.51 p.m. on January 16, 2019.

The markets on January 16, 2019 opened gap up. BSE Sensex is trading at 36,417.50, up by 99.17 points and the Nifty is trading at 10,918.70, up by 31.90 points. 

The stock of Graphite India and HEG surged on Wednesday's morning session and was trading up by 13 per cent. This is a good bounce back after experiencing correction last year.

Overall volumes in futures & options currently stand at 1.00 crore contracts with a turnover of Rs. 6,13,405.78 crore.

The Bombay Stock exchange (BSE) has signed a Memorandum Of Understanding (MoU) with Lucideus, a leading cyber security provider in India

Overall volumes in futures & options currently stand at 1.00 crore contracts with a turnover of Rs. 6,13,405.78 crore.

The index needs to clear the crucial resistance zone of 10,900-10,950, as sustaining above this zone could open up for further upside towards the level of 11,000, followed by 11,090. Stocks in news: Sasken Technologies, Nahar Industrial Enterprises, Century Plyboards and Indiabulls Integrated Services.

Indian markets are expected to witness a soft opening as cues from Asian peers are mixed. The trend on SGX Nifty indicates Nifty is set to open with a marginal loss of 10 points around 10,933. The key earnings to watch out today are DCB Bank, HT Media and MindTree.  

The benchmark index BSE Sensex shed its three-day losing streak to post a considerable upswing on Tuesday. Index heavyweights including Reliance, Infy, TCS and HDFC twin helped the bull run market and contributed 60 per cent to the gains on Nifty50.

The stocks most likely to witness significant movement on the bourses on January 16, 2019 are Trident, Network 18 Media & Investments, Indo Rama Synthetics (India), Speciality Restaurants and Zee Entertainment Enterprises.

No matter what business you are in or what profession you are in, the way to make money is to get it for less and sell it for more. It all boils down to the time attested proverb, 'Buy Low, Sell High’. It appears so simple, logical and obvious, yet a majority of retail investors do not follow this strategy!

The board of directors of the company approved the proposal for buyback of up to 36,90,000 equity shares at a price of Rs. 65 each.

Car producers in China are facing the brunt of trade war tension between the two biggest economies of the world. Car sales in China slipped 2.8 per cent in 2018 due to a slowdown in the economy resulting in sluggish demand.

Mid-cap and small-cap stocks offer a better return than large-cap stocks in the long run. However, the selection is critical and hence leaving it for a professional such as mutual fund manager is a better choice.

TV18 Broadcast announced its results for the quarter ended December 31, 2018. On a consolidated quarterly basis, the company’s operating revenue surged 22 per cent YoY to Rs. 1,475 crore in Q3FY19 from Rs. 1,211 crore in Q3FY18. Operating EBITDA increased to Rs. 115 crore in Q3FY19 from Rs. 82 crore in Q3FY18, thereby rising 41 per cent YoY.

Indian Oil Corporation Limited (IOC) has launched international bonds for US$ 900 million carrying a coupon of 4.75 per cent. The notes will be settled by January 16, 2019.

The beginning of calendar year 2019 brought cheers to some stocks as they managed to post stellar return in the first fortnight of January 2019. On the other hand, the benchmark indices such as Nifty and Sensex delivered a negative return of around 1.6 per cent and 1.11 per cent, respectively.

When it comes to mutual funds people generally select mutual funds based on its returns, alpha, beta, etc. However, is it also wise to consider the Sortino ratio? Let’s find out.

The shares of Larsen & Toubro were trading in green in the morning session as the company's wholly-owned subsidiary, L&T Hydrocarbon Consortium secured an EPCI order from Saudi Aramco.

Following stocks are close to their 52-week low as at 12.52 p.m. on January 15, 2019.

The markets on January 15, 2019 opened gap up. BSE Sensex is trading at 36,182.04, up by 328.48 points and the Nifty is trading at 10,842.80, up by 105.20 points. 

India’s retail inflation dipped to 2.19 per cent low in December 2018 from 2.33 per cent in the preceding month, this is near RBI’s lowest target for inflation.

Overall volumes in futures & options currently stand at 83.53 lakh contracts with a turnover of Rs. 5,04,355.11 crore.

Overall volumes in futures & options currently stand at 83.53 lakh contracts with a turnover of Rs. 5,04,355.11 crore.

On Monday stock has given breakout of eight sessions consolidation along with strong volume. Additionally, the stock formed a sizeable bullish candle on the breakout day, which adds strength to the breakout.

The level of 10,805 would be a crucial resistance level for the index as the 200-day moving average is placed around this level. Stocks in news: United Spirits, Jet Airways, Vakrangee, Punj Lloyd and Wendt (India).

The stocks that are likely to witness significant movement on the bourses on January 15 are Bharti Airtel, Vakrangee, Garnet International, Prakash Industries and BHEL. 

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.

Data Bank

Construction company, B.L Kashyap and Sons bagged orders worth Rs. 652 crore. The stocks rallied almost 12.6 per cent intraday. 

The British parliament will vote for ‘Brexit’ on Tuesday. Read on to find how is it going to impact your investments.

India top PSU company Bharat Heavy Electricals Limited (BHEL) informed to exchanges that, it has won an order for setting up SPV power plants in Telangana from Singareni Collieries Company Limited.

Maruti Suzuki, India’s largest passenger vehicle manufacturer, has opened bookings for the all-new version of WagonR.

Outstanding dues of state distribution companies (discom) to power companies surged nearly 25 per cent to Rs. 39,498 crore in the October 2018,  adding to woes of electricity generating firms. 

When it comes to retirement planning there are a number of options available for planning your retirement. So can PPF be a clear choice or equity MFs proves to be a better option when it comes to retirement planning. Let’s find out.

Following stocks are close to their 52-week low as at 12.57 p.m. on January 14, 2019.

The markets on January 14, 2019 opened gap down. BSE Sensex is trading at 35,740.24, down by 269.60 points and the Nifty is trading at 10,701.80, down by 93.15 points. 

Tejas Networks Limited has announced that it has signed a Memorandum of Understanding (MoU) with Government of Kerala as its first telecom knowledge partner and is establishing a Centre of Excellence (CoE) for next-generation telecom technologies in the state.

The stock of Praj Industries was buzzing on Monday following the announcement that the company is installing a pilot plant for CBG technology. Praj Industries was up by 5 per cent in the morning session.

Overall volumes in futures & options currently stand at 82.18 lakh contracts with a turnover of Rs. 5,03,549.10 crore.

Overall volumes in futures & options currently stand at 82.18 lakh contracts with a turnover of Rs. 5,03,549.10 crore.

Bank Nifty is displaying a Rising Wedge kind of pattern in progression for the last six weeks.

In the coming session, the 100-day moving average, which is placed around the level of 10,856, is likely to act as an immediate resistance, followed by 10,900. On the downside, the level of 10,730 is likely to act as a support for the index and a breach of this support level would lead to re-testing of the swing low of 10,629.  Stocks in news: SPARC, KNR Construction, NTPC, Cadila Healthcare, Infosys and Adani Green Energy.

Indian markets are likely to make a cautious start mirroring the nervousness in the global markets. Market participants will also react to industrial output data which was released post market hours on Friday. The Industrial output growth plunged to a 17-month low of 0.5 per cent in November. Going ahead, investors will be eyeing WPI inflation data and CPI inflation data which are due to be released today. The trend on SGX Nifty indicates Nifty will open almost unchanged at 10,825. 

Grocery retailer Avenue Supermarts Limited reported 33 per cent growth in revenue for Q3FY19 but PAT growth was flat due to a reduction in gross margin. The company reported its Q3FY19 results on Saturday.

The bank provisioned Rs. 384.95 crore for its exposure to infrastructure development and finance sector, which was classified as a non-performing asset during the quarter.

The stocks most likely to witness significant movement on the bourses on January 14, 2019 are Karnataka Bank, Infosys, Indian Energy Exchange, Krebs Biochemicals & Industries and Sun Pharma.

Hexaware Technologies was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The stock has witnessed a breakout of downward sloping trendline on the weekly time frame along with robust volumes.

The company's board has approved a buyback of its equity share at a max price of Rs. 800 apiece aggregating up to Rs. 8,260 crore. Notably, it has declared a special dividend of Rs. 4/- per equity share and fixed January 25, 2019 as the record date for this dividend and January 28, 2019 as payment date.

The company's board approved the transfer of the regulated markets injectable business to the company's wholly-owned subsidiary Caplin Steriles. The stock was up more than 13 per cent during the day.

Following stocks are close to their 52-week low as at 02.13 p.m. on January 11, 2019.

The markets on January 11, 2019 opened gap down. BSE Sensex is trading at 35,875.15, down by 231.35 points and the Nifty is trading at 10,758.15, down by 63.45 points. 

Retirement is considered to be a safe-play. Said so, would it be wise to hold equity mutual funds in your retirement years? Let’s find out.

Overall volumes in futures & options currently stand at 2.92 crore contracts with a turnover of Rs. 16,55,517.69 crore.

Overall volumes in futures & options currently stand at 2.92 crore contracts with a turnover of Rs. 16,55,517.69 crore.

The stock of Eveready was surging in morning trade on the back of news that its promoter is looking to sell stakes. The stock was up by more 16 per cent in early trade on Friday, while Williamson Magor was stuck in upper circuit.

Going ahead, the 100-day moving average, which is currently placed at 10,862, is likely to act as an immediate resistance level, followed by 10,920. Stocks in news: Praj Industries, NBCC, Shakti pump, Reliance Industries, KNR Constructions, Lemon Tree Hotels and Container Corporation of India.

We expect a stable start for the Indian markets as cues from Asian peers are supportive. The trend on SGX Nifty indicate Nifty to open with an uptick of 0.25 per cent at 10,888. Some of the key names like Infosys and Karnataka Bank will announce their quarterly earnings today. Additionally, India’s industrial production data for November will be out today.

TCS, the country's largest IT firm, reported stable Q3FY19 numbers despite seasonally weak quarter. 

The stocks most likely to witness significant movement on the bourses on January 11, 2019 are Himachal Futuristic Communications, Indian Hume Pipe Company, Tera Software, TCS and Tata Motors.

High risk taking investors can take exposure in Rashtriya Chemicals & Fertilizers

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