How Excess Capacities are Fuelling the Solar boom

Solar power tariffs, which have more than halved over the last two years, may continue to trend lower. An analysis by Morgan Stanley research estimates solar panel capacities to exceed installations by 45% in 2017, putting downward pressure on tariffs.

Solar panels are an important component, constituting as much as 40% of the utility scale project cost. In 2016, capacities exceeded installations by 28%. With the industry forecast to add 6,000 megawatts of new capacities and global installations estimate to soften, the demand-supply gap is estimated to widen this year, weighing on panel prices. “Following a 30% price decline in 2016, we expect a further 20% decline by the end of 2017,” Morgan Stanley said in a note.

Get Free Subscriptions and more in Indian Stock Market >> http://ripplesadvisory.com

Solar installations in Japan, China, the UK and some other markets are estimated to slow this year. It has to be seen how long solar panel manufacturers will endure the downtrend in prices. According to JM Financial Institutional Securities Ltd, Chinese manufacturers, large suppliers of panels to India, may not be recovering fixed costs at current prices.

“While Chinese suppliers may not be recovering fixed costs at current prices, a shrinking solar market in China, Europe and anti import trends in US can lead to prolonged period of pain for Chinese module makers—a boon for Indian solar programme,” JM Financial said in a note.

NSE Will Start Cash & F&O Trade At 10:45 AM

The interim chief executive of the National Stock Exchange (NSE), J. Ravichandran, said in a TV interview the exchange was trying to quickly resolve a "technical glitch" that disrupted trading on Monday morning.

"At this point our focus is to re-start the market and then we will have to analyse the cause," Ravichandran told CNBC-TV 18.

Ravichandran did not say what had caused the trading disruption, which prevented traders from accessing quotations for individual stocks.

Get Free Subscriptions and more in Indian Stock Market >> http://ripplesadvisory.com

Reliance Jio Customer data Allegedly Compromised

Reliance Jio Infocomm Ltd’s customer data was redacted on an independent website, magicapk.com. Jio, which crossed the 100 million mark in February, barely six months after it was launched, ended the financial year with 108.9 million subscribers as of 31 March.

Get Free Subscriptions and more in Indian Stock Market >> http://ripplesadvisory.com

The report, published first in a late-night article on Sunday on Fonearena.com, alleged that “several sensitive details” were exposed, including customers’ first and last names, mobile numbers, email IDs, circles, SIM activation dates and even the Aadhaar numbers. The Aadhaar numbers, however, were redacted on magicapk.

“To my disbelief I found my own details in the database and also couple of my colleagues are affected too,” wrote Varun Krish, the author of the article. However, if you now click on Magicapk.com, it reads: “This Account has been suspended .” The Registrar of the site, according to the whois database, is Godaddy.com, LLC.

When contacted, a Reliance Jio spokesperson said, “We have come across the unverified and unsubstantiated claims of the website and are investigating it. Prima facie, the data appears to be unauthentic. We want to assure our subscribers that their data is safe and maintained with highest security. Data is only shared with authorities as per their requirement. We have informed law enforcement agencies about the claims of the website and will follow through to ensure strict action is taken.”

Fonearena.com, on its site, has responded with a: “We still stand by our story.”

The report assumes significance because the site exposed redacted Aadhaar card details. There are nearly 1.2 billion Aadhaar number holders in the country. Aadhaar aims to plug leakages in the delivery of state benefits, such as subsidized grains to the poor, and aid in generating a savings of about Rs70,000 crore a year for the government. But data breaches have rattled citizens, especially since India does not have a Privacy Act.

NSE’s Price Quotes not Updating, Say Traders

Price quotations for individual stocks listed on India’s National Stock Exchange (NSE) were not updating on Monday morning and investors could not place trades, in a problem that appeared to be widespread, four dealers said.

The dealers said they did not know why the quotations were not updating.

NSE officials were not immediately reachable for comment.

First Published: Mon, Jul 10 2017. 09 57 AM IST 

Get Free Subscriptions and more in Indian Stock Market >> http://ripplesadvisory.com

एक ऐसा शेयर, जो 6 महीने में करेगा मालामाल

 

टॉप पिक के तौर पर त्रिवेणी इंजीनियरिंग का शेयर चुना है और इसमें 95 रुपये के लक्ष्य के साथ अगले 6 महीने के नजरिए से खरीदारी की सलाह दी है। त्रिवेणी इंजीनियरिंग यूपी में स्थित चीनी कंपनी है और ये भारत की तीसरी सबसे बड़ी चीनी उत्पादक है। कंपनी के 7 चीनी मिल है और अप्रैल 2107 के बाद कंपनी का चीनी प्रोडक्शन ग्रोथ करीब 41 फीसदी बढ़ा है। जबकि यूपी में प्रोडक्शन ग्रोथ 24-25 फीसदी रही थी। वित्त वर्ष 2018 के लिहाज से कंपनी की अनुमानित बुक वैल्यू 45 रुपये की होगी और पीई करीब 3.5 का होगा। कंपनी की इक्विटी करीब 25.80 करोड़ रुपये की है और मार्केटकैप 1950 करोड़ रुपये का है। कंपनी में प्रमोटर का हिस्सा करीब 68 फीसदी है।

Get Free Subscriptions and more in Indian Stock Market >> http://ripplesadvisory.com

एस पी तुलस्यान का कहना है कि वित्त वर्ष 2017 में कंपनी ने 336 करोड़ रुपये का कैश प्रॉफिट किया था जो वित्त वर्ष 2016 में 51 करोड़ रुपये था यानी तकरीबन 6 गुना कैश प्रॉफिट में उछाल आया था। उसी हिसाब से मुनाफे में भी उतना ही उछाल आया था। अगर इनका कैश ईपीएस देखें तो 13 रुपये के आसपास था। वित्त वर्ष 2018 में कंपनी का कैश प्रॉफिट बढ़कर 360 करोड़ के आसपास जा सकता है। इन सभी मुद्दों को देखते हुए लगता है कि कंपनी का शेयर अपने वर्तमान भाव से 95 रुपये के लक्ष्य तक जा सकता है।

Market Live: Nifty hits Record high, Sensex eyes 31,600 points, IT Stocks Jump

The BSE Sensex opens at a record high on Monday as it hits 31,595.46 points on Monday. The broader NSE’s Nifty, too, set a new record by hitting 9,765.90 points in early hours. The Indian rupee trades stronger against the US dollar. The shares of TCS, Tata Motors, Bharti Airtel rise, whereas the shares of Adani Ports and HDFC fall.

Get Free Subscriptions and more in Indian Stock Market >> http://www.ripplesadvisory.com/free-trial.php

■ 9.30am: Tata Motors Ltd rose 2.7% to Rs448.45 after the company reported retail sales of 51,591 units for June, up 11% from the same month last year. During the April-June quarter, the company retailed 1,37,463 units, up 3.5% from the same period of last year.

■ 9.24am: BSE Sensex trades higher by 199 points, or 0.64%, to 31,560, while the Nifty 50 rises 22 points, or 0.22%, to 9,687.

■ 9.22am: Biocon Ltd fell 5% to Rs321.05 after the company said that while it has received GMP approval for its biologics drug substance facilities from French Regulator ANSM, its drug product unit will need to be re-inspected.

■ 9.20am: Care Ratings Ltd rose 10% to Rs1,725.05 after ET reported that Fitch looking to buy into the Mumbai-based ratings agency just about 10 days after rival Crisil bought Canara Bank’s 8.9% stake in CARE.

■ 9.15am: The rupee opened at 64.56 a dollar. At 9.15am, the rupee was trading at 64.53 a dollar, up 0.10% from its Friday’s close of 64.60.

■ 9.10am: The 10-year bond yield was at 6.543%, compared to its previous close of 6.532%. Bond yields and prices move in opposite directions.

■ 9.00am: Asian markets gained in morning trade. Stocks rose helped by US markets gains over the weekend. S&P 500 gained 0.64% to 2,425 on strong employment date.

Markets likely to Swing on Q1 Results; TCS, Infosys to be in Focus

The markets are expected to consolidate further as investors gear up for June quarter earnings that kick off this week.

Uncertainties and disruption due to the implementation of goods and services tax (GST) and rupee appreciation are likely to impact first quarter results of Indian companies.

Get Free Subscription from here >> http://ripplesadvisory.com 

ICICI Securities Ltd said incremental uncertainty has come from the short-term impact of GST, state fiscal slippages due to farm loan waivers, bankruptcy proceedings against 12 large corporates and risks to short-term earnings. According to the brokerage firm, equity markets will consolidate in the short term given stellar performance this year and reiterated its Nifty target of 10,000 for March 2018.

The next few months may witness moderation in absolute returns and higher volatility, especially down the cap curve. It added that sentiment indicators are pointing to a tactical price or time correction in the market but it will depend on global equity market trends. “Correlations across stocks have plummeted to a low, suggesting a big macro trade is in the offing. While the market appears to believe in a growth turn, it is far from pricing in a multi-year growth cycle, implying significant upside potential in the next 3-5 years,” it said in a report on 5 July.

Companies that will announce Q1 earnings this week are IT majors TCS and Infosys and IndusInd Bank, South Indian Bank, Karnataka Bank and DCB Bank, among banks. Analysts expect export-based sectors like healthcare and technology to be underperformers in terms of net profit decline. Rupee, which has risen 5.16% from January this year, may spell trouble for export-related businesses.

10th JULY 2017- OPENING BELL >> Markets Are At All Time High, Invest In Multibagger- Get Free Stock Tips- Free Intraday Tips Call on 9644405056

Get Free Subscriptions and more in Indian Stock Market >> http://www.ripplesadvisory.com/free-trial.php

Last Week, The Nifty index opened at 9588 and closed at 9666 after making high of 9700. Top performing sectors for last week was FMCG-Food, Metals & Mining and Infra- Construction Engineering and Material and Realty.

Last Week Bank Nifty traded laggard in comparison to another sector, the index opened at 23240 and closed at 23449 after making high of 23540.

Small Cap Index gave a breakout of its 6 weeks high of 7508. The index closed at 7537 after making high of 7547.

Nifty Future to open gap up by 2.50 points at 9690.50 against Last day close of 9668 as per SGX Nifty.

7th JULY 2017- OPENING BELL >> Metals Minning And Infra Construction Sectors Zoomed After GST- Free Intraday Tips and more Call on 9644405056

Call on 9644405056 for more Free Cash Stock Tips- Commodity Tips- Indian Stock Market Tips

The Nifty Benchmark index yesterday opened at 9654 and made a low of 9640 and closed at 9675 after making a high of 9701. The Index gave a breakout of week one high of 9615. The Nifty Index is trading near its all-time high of 9709. FII & PRO remain net buyer in last 10 days of trading session in Options for 91943 contracts as shown below in the table.

Bank Nifty last day opened at 23400, made a low of 23370 and closed at 23467 after making a high of 23540.

The small cap index opened at 7492 and made low of 7486, the closed at 7498 after making high of 7540.

Nifty Future to open gap down by 24 points at 9644 against yesterday's close of 9668 as per SGX Nifty.

Opening bell: Asian Markets open Mixed; Essar Steel, Axis Bank in News

US stocks end higher; Asian markets open mixed

US stocks closed mostly higher on Wednesday as tech snapped a three-day losing streak.

Asian markets traded sideways early on Thursday despite the mostly stronger close on Wall Street, as oil prices tumbled in US trade.

Get Free Subscription from here >> http://www.ripplesadvisory.com/free-trial.php

Essar Steel’s legal challenge may prolong bad loans fight

Essar Steel Ltd’s move to challenge the Reserve Bank of India (RBI) directive to banks to initiate bankruptcy proceedings against the company could slow down the resolution process, legal experts say.

SC declines relief to Sahara’s Subrata Roy, refuses to extend deadline for payment of Rs552 cr

The Supreme Court refused to extend the 15 July deadline for payment of a second instalment of Rs552 crore by the Sahara Group to a Securities and Exchange Board of India (Sebi)-Sahara account.

Axis Bank launches loans for super bikes, to fund 95% of costs

As the higher engine displacement ‘super bikes’ catch fancy of the Indian consumer, Axis Bank introduced a special loan product, offering to fund up to 95% of the costs.

Mahindra Finance to raise Rs2,000 crore via non convertible debentures

Mahindra and Mahindra Financial Services Ltd (Mahindra Finance) plans to raise Rs 2,000 crore through issuance of debt securities to fund future lending and settle current liabilities.

Lupin shares rise nearly 4% on drug launch

Shares of Lupin rose by nearly 4% after the company announced the launch of generic version of a conjunctivitis drug in the US market.

Tata Motors cuts passenger vehicle prices by up to Rs2.17 lakh after GST rollout

Automaker Tata Motors announced a reduction in price of its passenger vehicles by up to Rs2.17 lakh, making available the goods and services tax (GST) benefit to its customers.