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Saturday 6 April 2013
Opt2wealth India Done It Again... :)
In this falling market opt2wealth financials has caugh the perfect market pulse and give me i.e, clients
superb profits again
Tuesday 26 February 2013
Pantaloon Retail Q3 net loss at Rs 20 crore:Opt2Wealth Financials
Pantaloon Retail today posted a loss of Rs 20.41 crore on standalone basis for the quarter ended December 31. The Future Group company had clocked a net profit of Rs 5.64 crore in the same period last fiscal.
Total income stood at Rs 1,289.33 crore whereas the same was at Rs 1,111.48 crore for the quarter ended December 31, 2011, the company said in a release. The current period figures were not comparable with the previous year on account of extension of the accounting period by six months from June 30, 2012, to December 31, 2012, the release said.
During the 18 months ended December 31, the company has posted a net profit of Rs 273.26 crore. Total income stood at Rs 7,015.43 crore for the 18 months ended December 31, 2012. As per consolidated results, the retail giant posted a net profit of Rs 275.67 crore for the 18 months ended December 31. Total income was Rs 20,316.37 crore in the same period.
Improved consumer sentiments, lower interest outgo and higher operational efficiencies marked the final quarter of the financial year for the company. The core retail business turnover increased from Rs 2,893 crore to Rs 3,171 crore for quarter ended December 31, year-on-year basis.
The interest outgo came down from Rs 176 crore for the quarter ended September 30, to Rs 157 crore in the quarter ended December 31, 2012. The company witnessed brisk sales in festive season during the quarter vis-à-vis the previous year. After quite a few consecutive quarters of weak consumer sentiments, sales during the festive season improved significantly, it said.
Categories like fashion, footwear, home appliances and home fashion, which were hit hard during the slowdown, posted encouraging sales. The upcoming quarters will provide a clearer indication of whether the demand upswing remains consistent, it said.
Pantaloon ended the December quarter with 16.38 million sq ft of retail space. It added 0.41 million sq ft of retail space during the December quarter. In the lifestyle segment, the company opened two Pantaloon, 4 Brand Factory and 3 eZone stores.
The company said the next court hearing of its petition regarding the demerger of Pantaloons Fashion Format is scheduled on March 1.
Monday 25 February 2013
Gold rises as Italy vote doubt boosts safe-haven appeal | Opt2wealth Financials Blog
Spot gold inched up on Tuesday, extending gains from the previous session as uncertainty over Italy’s election results stoked fears of a resurgent euro zone debt crisis, boosting bullion’s appeal as a safe-haven investment.
FUNDAMENTALS
* Spot gold had edged up 0.1 percent to USD 1,595.41 an ounce by 0034 GMT, extending gains into the fourth straight session.
* US gold was up half a percent at USD 1,595.10.
* Election projections show that no party is likely to win a majority in the upper house of Italy’s Senate, fuelling worries about revived political uncertainty in the euro zone’s third-largest economy, which could reignite the debt crisis.
* Investors will closely watch US Federal Reserve Chairman Ben Bernanke’s testimony to Congress on Tuesday and Wednesday, to seek clues on the Fed’s attitude on its monetary policy.
* Likely government budget cuts and the prospect for messy political fights over fiscal policy will weigh on the US economy this year and hold growth to a tepid 2.4 percent, according to a survey of forecasters published on Monday.
* Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, dropped 7.83 tonnes, or 0.61 percent, to 1,272.848 tonnes on Feb 25, the lowest since August 2012.
MARKET NEWS
* US stocks on Monday suffered their biggest drop since November after the strong showing in Italian elections by groups opposed to the country’s economic reforms.
* The euro crouched near a six-week low against the dollar while the yen kept some distance from multi-month lows on Tuesday.
Nifty in red; Kalindee falls 3% ahead of Rail Budget | Opt2wealth Financials Blog
Barely few hours to go for the big announcement on Railways and key railway stocks remain laggard in a listless market. BSE Sensex and NSE Nifty continue to languish at 19202.94 (down 128 points) and 5814 (down 40 points), respectively.
Kalindee Rail has fallen over 3 percent and Texmaco Rail was struggling at Rs 60, down 2.6 percent.
Ranbaxy was trading marginally down ahead of its results. Analysts expect revenue degrowth of 30% YoY to 2667cr due to a high base effect. The stock was the biggest gainer yesterday after the company reintroduced production of Lipitor generic; CLSA upgraded it to outperform with a target price of Rs 475.
Pantaloon continues to trade flat after reporting weak set of numbers in the December quarter. JP Morgan has put a target price of Rs 215 and remains underweight on the stock.
Telecom stocks look stable and Bharti Airtel trades with over 4 percent gains after it decided not to participate in the spectrum auction. The stock was up 4.5 percent. Idea Cellular and Reliance Comm too were trading in the green.
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