Wednesday, 13 January 2016

BHEL records highest ever project commissioning in first three quarters of a financial year

These include one unit of 660 MW at Bara and one unit of 500 MW at Anpara in Uttar Pradesh in Northern India. One unit of 500 MW at Sagardighi has been commissioned in West Bengal in Eastern India.


Bhel
Bharat Heavy Electricals Limited (BHEL) has once again demonstrated its project execution prowess with the capacity addition of 5,010 MW of utility power projects in the first three quarters of the current financial year (2015-16). Significantly, this is the highest ever capacity addition achieved by BHEL for the corresponding period in any financial year. 

In addition, projects aggregating to 2,270 MW have also been synchronised by BHEL during this period and are available for capacity addition. In the same period, BHEL has also commissioned 524 MW of industrial sets and 125 MW of overseas projects, resulting in the highest ever overall capacity addition/synchronization of 7,929 MW, in the first nine months of a financial year. Significantly, utility sets have been commissioned by BHEL at power stations spread all over India. 

These include one unit of 660 MW at Bara and one unit of 500 MW at Anpara in Uttar Pradesh in Northern India. One unit of 500 MW at Sagardighi has been commissioned in West Bengal in Eastern India. In the South, BHEL has commissioned one 600 MW unit at Kakatiya, a 520 MW unit at Vizag and a 500 MW unit at Tuticorin. In addition, one 500 MW unit at Vindhyanchal in Madhya Pradesh and a 250 MW unit at Sikka in Gujarat in Central and Western India respectively were also commissioned during the first three quarters of 2015-16. A significant contribution has also been made in the North-East with the commissioning of one unit of 250 MW at Bongaigaon. 

Continuing the momentum achieved in the commissioning of hydro power plants in the last year, BHEL has already commissioned hydro sets totaling to 730 MW till date, which is almost the same as the total hydro capacity addition of 736 MW in the country during the entire financial year 2014-15. BHEL is the market leader of power equipment in the Indian Power Sector. BHEL’s formidable strength of an installed base of over 150,000 MW of power plant equipment coupled with its vast experience makes it an ideal choice of utilities in the country.

India Ventures Group plans $1-billion debt fund

India Ventures Group (IVG) plans to float a US$1-billion debt fund to support core infrastructure projects in India, as per reports. IVG is based in New York and is an investment bank-cum-angel investor.


News
India Ventures Group (IVG) plans to float a US$1-billion debt fund to support core infrastructure projects in India, as per reports. IVG is based in New York and is an investment bank-cum-angel investor.

Reports say, the Group will shortly float US$ 1-billion debt fund which will initially be used for core-sectors including ports, roads, bridges and tunnels, that are being implemented through the public-private partnership (PPP). IVG will also partner with a private infrastructure finance company.

IVG will also invest in three tech start-ups catering to healthcare, education and parenting advisory services, in the next couple of months.

BSE IT drops 1%; US notifies increase in Visa fees

US notified massive increase in fees in certain categories of the popular H-1B and L-1 visas. The Visa fees hike is expected to hit Indian IT industry.


BSE IT index dropped 1% at 10487.36 after US notified massive increase in fees in certain categories of the popular H-1B and L-1 visas. The Visa fees hike is expected to hit Indian IT industry.

The top five IT companies stocks are likely to suffer due to the increase in US Visa fees. Tata Consultancy Services (TCS) hit a 52-week low of Rs. 2258 on Wednesday while Infosys traded flat at Rs. 1054.50 on the BSE ahead of its Q3 results.

Wipro dropped 1.28% to Rs. 542 after previous close of Rs. 549. Tech Mahindra fell 1.16% at Rs. 500.55 while traded flat at Rs. 809.50 on the BSE.

Reliance Power to save Rs. 7,500 crore as CERC approves higher tariff

“The CERC has approved change in law during operations petition filed by Sasan Power Ltd,” the company said in a regulatory filing.


Reliance Power
Reliance Power is planning to save Rs. 7,500 crore from 4000-MW Sasan UMPP as the power regulator, Central Electricity Regulatory Commission (CERC), has allowed the firm to increase tariff by 9 paise per unit or 7 per cent, according to reports.

“The CERC has approved change in law during operations petition filed by Sasan Power Ltd,” the company said in a regulatory filing.

The CERC’s order clearly establishes the principles of change in law in line with the terms of the power purchase agreement between Sasan Power Limited and Procurers, which will also ease pass-through of future change in law impacts on Sasan UMPP.

“One-time compensation of Rs 271 crore is granted by the regulatory commission till July 31, 2015,” said the CERC in its order.

Weakness! Nifty falls below 7450

The BSE Mid-cap Index is trading down 2% at 10,572, whereas BSE Small-cap Index is trading down 4% at 11,476.


NSE1
At 12:46PM, the S&P BSE Sensex is trading at 24,503 down 178 points, while NSE Nifty is trading at 7,456 down 58 points after briefly dipping below the 7450 mark.

Nifty is down 18% from March 2015 highs.
The BSE Mid-cap Index is trading down 2% at 10,572, whereas BSE Small-cap Index is trading down 4%  at 11,476.

Tata Motors, BHEL, Bharti Airtel, Infosys, RIL, Sun Pharma, Tata Steel and Adani Ports  are among the gainers, whereas TCS, United Breweries, Karnataka Bank, Mindtree and Bayer Cropscience  are losing sheen on BSE.
The India VIX (Volatility) index is down 2.95% to 18.1600.

Out of 1,787 stocks traded on the NSE, 109 declined and 1,455 advanced today while 223 remained unchanged. A total of 49 stocks registered a fresh 52-week high in trades today, while 96 stocks touched a new 52-week low on the NSE.

US stocks ended higher on Tuesday despite persistent worries over sliding oil prices, as technology and healthcare shares rallied towards the close of trade. The main stock indexes started the day higher but dipped into negative territory by the afternoon amid continued pressure on oil prices. However, stocks managed to recover later in the session. The S&P 500 gained 0.8%, Dow Jones advanced 0.7% and Nasdaq Composite climbed 1%, snapping an eight-day losing streak. The Nymex crude oil futures lost 3.1% to end at US$30.44 per barrel - its lowest close since Dec. 1, 2003 after dipping as low as US$29.93.

Cabinet clears New Crop Insurance Scheme

Monsanto India Ltd is currently trading at Rs. 2387.9, down by Rs. 79.4 or 3.22% from its previous closing of Rs. 2467.3 on the BSE.


Cabinet today cleared New Crop Insurance Scheme.

Monsanto India Ltd is currently trading at Rs. 2387.9, down by Rs. 79.4 or 3.22% from its previous closing of Rs. 2467.3 on the BSE.
The scrip opened at Rs. 2507 and has touched a high and low of Rs. 2510 and Rs. 2350 respectively. So far 4784(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4259.24 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3755.95 on 02-Feb-2015 and a 52 week low of Rs. 2085 on 14-Dec-2015. Last one week high and low of the scrip stood at Rs. 2541.95 and Rs. 2203.95 respectively.

The promoters holding in the company stood at 72.14 % while Institutions and Non-Institutions held 6.76 % and 21.1 % respectively.

The stock is currently trading below its 200 DMA.

Propertyguru acquires Asia Property Awards and Property Report

PropertyGuru Group, Asia's leading online property portal group, has announced that it has purchased the real estate media businesses of Ensign Media, a company headquartered in Singapore.


World News
PropertyGuru Group,  Asia's leading online property portal group, has announced that it has purchased the real estate media businesses of Ensign Media, a company headquartered in Singapore. The purchase includes ‘Property Report’, a regional luxury property and lifestyle magazine and website that publishes news and insights on such investment destinations. It also includes Asia Property Awards, the region’s biggest, best-recognised and respected property industry awards, held in nine countries annually. These profitable and fast-growing businesses will complement PropertyGuru’s existing businesses. With this full asset purchase, the existing staff of Ensign will be absorbed into PropertyGuru.

By combining the reach of PropertyGuru and Ensign, even more real estate developers and partners across the region will have the opportunity for industry recognition, bringing the Asia Property Awards and its conference brand, the Property Report Congress, to even greater heights. In addition, real estate advertisers across Asia can now work with PropertyGuru – a single media partner – to support their regional branding initiatives across multiple platforms, reaching a wider audience, and eventually, driving more real estate transactions. PropertyGuru’s 14 million users and Property Report’s 70,000 online and offline readers, will have combined access to PropertyGuru’s 600 monthly research and news articles published in three languages across four markets, and Property Report’s 100 plus online features per month.

Best Mutual Funds for 2016

However, there are many Equity Mutual Funds which have outperformed the BSE Sensex. 94% of the Diversified Equity Mutual Funds have outperformed BSE Sensex while only 72% have given positive returns. In large-cap equity mutual funds, 83% funds have beaten BSE Sensex while only 60% have given positive returns.


BSE Sensex has given a negative return in the calendar year 2015. As on 29 December 2015, it had slumped 4.80% YoY.

However, there are many Equity Mutual Funds which have outperformed the BSE Sensex.

94% of the Diversified Equity Mutual Funds have outperformed BSE Sensex while only 72% have given positive returns.

In large-cap equity mutual funds, 83% funds have beaten BSE Sensex while only 60% have given positive returns.
Category of Mutual FundBenchmark% Number of Funds Outperformed% number of Funds with Positive return
Diversified Equity MFsBSE Sensex94%72%
Large-Cap Equity MFsBSE Sensex83%58%
Mid-Cap Equity MFsBSE Mid-Cap50%95%
Small-Cap Equity MFsBSE Small-Cap71%86%
Source: Advisesure, NAVIndia; Note: Analysis based on 1 year return (29-12-2015 to 29-12-2015)
 
However, the BSE Mid-cap and BSE Small-cap have given the positive return in 2015. As on 29 December 2015, BSE Mid-cap has given 8.59% YoY return and BSE Small-cap has given 7.47% YoY return. Mid-cap and Small-cap equity mutual funds have outpaced the large cap equity funds, around 90% of the funds have given positive returns. But only 50% of the Mid-cap equity funds have beaten its benchmark (BSE Mid-cap).
 
Selecting the best mutual funds is a cumbersome task. One cannot select mutual funds based only on its returns or beta, a single parameter cannot tell the performance of a fund. Investing is not about making only higher returns, it is about making higher returns at minimal risk. The prudent way to select a mutual fund is based on its risk-return. Therefore, we have selected 3 large-cap equity mutual funds, 3 Mid-cap equity mutual funds and 3 Small-cap equity mutual funds based on 3 years return, Sortino ratio and beta. These funds have consistently outperformed the market and have better risk-reward.
 
Table A: Large Cap
SchemeAMFI1 Year CAGR3 Years CAGR5 Years CAGRSortino RatioBeta
Birla Sun Life Advantage Fund (G)1000336.14%21.65%11.22%1.330.97
BNP Paribas Equity Fund (G)1135445.92%18.96%12.79%0.970.81
HDFC Capital Builder -(G)1017645.84%20.56%11.70%0.500.93
Source: Advisesure, NAVIndia; Note: Returns as on 29/12/2015
 
Table B: Mid Cap
SchemeAMFI1 Year CAGR3 Years CAGR5 Years CAGRSortino RatioBeta
BNP Paribas Mid Cap Fund (G)11356616.65%27.76%20.49%1.780.83
Canara Robeco Emerging Equities (G)10292014.64%31.84%21.71%1.600.92
UTI-Mid Cap Fund (G)1023947.66%30.74%19.35%1.580.88
Source: Advisesure, NAVIndia; Note: Returns as on 29/12/2015
 
Table C: Small Cap
SchemeAMFI1 Year CAGR3 Years CAGR5 Years CAGRSortino RatioBeta
DSP BR Micro-Cap Fund (G)10598921.41%35.78%21.15%2.080.90
Reliance Small Cap Fund (G)11317716.25%36.44%22.07%1.150.90
Sundaram S.M.I.L.E Fund (G)10079510.25%28.91%16.13%1.410.99