a weekly update from smc 2013: issue 375, week: …...happy father’s day b r a n d s m c 1 9 7...

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® HAPPY FATHER’S DAY Brand smc 197 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation only) WISE M NEY

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Page 1: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation

®

HAPPY FATHER’S DAY

Bra

nd

sm

c 1

97

2013: Issue 375, Week: 17th - 20th JuneA Weekly Update from SMC(For private circulation only)

WISE M NEY

Page 2: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation
Page 3: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation

(Saurabh Jain)

Contents

Equity 4-7

Derivatives 8-9

Commodity 10-13

Currency 14

IPO 15

Fixed Deposit 16

Mutual Fund 17-18

EDITORIAL STAFF

Editor Saurabh Jain

Executive Editor Jagannadham Thunuguntla

+Editorial Team

Dr. R.P. Singh Nitin Murarka

Vandana Bharti Tejas Seth

Sandeep Joon Dinesh Joshi

Vineet Sood Shitij Gandhi

Dhirender Singh Bisht Subhranil Dey

Parminder Chauhan Ajay Lakra

Mudit Goyal

Content Editor Kamla Devi

Graphic Designer Pramod Chhimwal

REGISTERED OFFICES:

11 / 6B, Shanti Chamber, Pusa Road, New Delhi 110005.

Tel: 91-11-30111000, Fax: 91-11-25754365

MUMBAI OFFICE:

Dheeraj Sagar, 1st Floor, Opp. Goregaon sports Club, Link Road

Malad (West), Mumbai 400064

Tel: 91-22-67341600, Fax: 91-22-28805606

KOLKATA OFFICE:

18,Rabindra Sarani, Poddar Court, Gate No-4, 4th & 5th Floor,

Kolkata-700001

Tel : 91-33-39847000/39801300, Fax No : 91-33-39847004

AHMEDABAD OFFICE :

10/A, 4th Floor, Kalapurnam Building, Near Municipal Market,

C G Road, Ahmedabad-380009, Gujarat

Tel : 91-79-26424801 - 05, 40049801 - 03

CHENNAI OFFICE:

2nd Floor, Mookambika Complex, 4, Lady Desikachari Road,

Mylapore, Chennai-600004

Tel: 91- 44 - 39109100 Fax: 91- 44 - 39109111

SECUNDERABAD OFFICE:

206, 3rd Floor, above CMR Exclusive, Bhuvana Towers, S.D.Road,

Secunderabad - 500003

Tel: 91-40-30780298/99, 39109536

DUBAI OFFICE:

312, Belshalat Building, Al Karama, Dubai, P.O. Box 117210, U.A.E.

Tel: 97143963120, Mobile : 971502612483

Fax : 9714 3963122

Email ID : [email protected]

[email protected]

Printed and Published on behalf of

Mr. Saurabh Jain @ Publication Address

11/6B, Shanti Chamber, Pusa Road, New Delhi-110005

Website: www.smcindiaonline.com

Investor Grievance : [email protected]

Printed at: S&S MARKETING

102, Mahavirji Complex LSC-3, Rishabh Vihar, New Delhi - 110092 (India)

Ph.: +91-11- 43035012, 43035014, Email: [email protected]

lobal stock markets remained in a fix on how and when U.S. Federal would

reserve taper down its monthly bond purchases. Resultantly, emerging Gmarkets being major beneficiaries of the global liquidity are feeling the

heat. During the later part of the week, equity markets saw some lower level of

buying as traders jump in after sharp corrections.

Back at home, Index of Industrial Production (IIP) for the month of April grew 2.3%

from upwardly revised growth of 3.4% in the month of March. Headline inflation also

surprisingly came at 4.70% for the month of May as compared to 4.89% recorded in

the prior month. Both lower Industrial growth and headline inflation make up a case

for further relaxation in interest rates by the Reserve Bank of India. Meanwhile, it is

widely expected that in the monetary policy review meeting scheduled on 17th June

2013, RBI will keep policy rates unchanged. RBI, already apprehensive of the

suppressed inflation has indicated many times about its limited ability to relax

policy rates. And now, the de-acceleration in the Rupee to the tune of nearly 10% in

the last six weeks or so has raised the cost of imported items, primarily crude thus

raising expectations for higher inflation and trade deficit.

Indian Finance Minister, P. Chidambaram said that the government is thinking over

more policy changes to spur growth and to bring stability in the Indian Rupee. In the

statement, he said that people should avoid purchase of gold as gold imports are the

second big item in the Indian import basket after crude. As per chief economic

advisor, Raghuram Rajan Gold imports in the first 14 days of June have fallen

significantly on an average to $36 million a day.

On the commodities front, bullion counter may remain in range as SPDR gold

holding, movement of greenback and hedge fund demand are expected to affect the

sentiments. In the international markets, gold coins sales have boomed due to fall in

prices. The U.K.'s Royal Mint gold coin sales tripled in April while U.S. Mint predicted

last week that its gold and silver coin sales may reach a record in 2013. Bullish

momentum in Crude oil can continue tracking Middle East tensions and inventory

positions along with the outcome of key economic indicators from the US and the

Euro Zone. This week investors will have close eye on the FOMC meeting in which

policymakers will still keep rates low to “ensure the economy keeps moving

forward” even though “the economy is strong enough to live without the added

fuel”. This is the message Fed Chairman, Bernanke probably wanted and will

communicate to the market at the meetings. In agro pack, Chana prices may slip

lower as weak demand and increased arrivals have pulled down chana prices in local

mandis while continued weakness in the value of the domestic currency as against

the US dollar may support the edible oils prices.

From The Desk Of Editor

Page 4: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation

4

NOTES:

1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name of "Morning Mantra ".

2) S1 & S2 indicate first support & second support respectively & R1 & R2 indicate first resistance and second resistance respectively.

3) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength coming into the stock. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and taking a long-term view and not a short-term view.

TREND SHEET

Stocks Closing Trend Date Rate S1 R1 S2 R2 Cl.

Price Trend Trend S/l

Changed Changed

SENSEX 18827 DOWN 13.06.13 1827 19400 19700 19900

S&P NIFTY 5699 DOWN 13.06.13 5699 5900 5950 6020

CNX IT 6335 DOWN 17.04.13 6236 6550 6700 6850

CNX BANK 11687 DOWN 13.06.13 11687 12100 12400 12700

ACC 1205 DOWN 17.01.13 1359 1230 1260 1300

BHARTIAIRTEL 288 DOWN 13.06.13 288 300 310 320

BHEL 175 DOWN 01.11.12 227 190 195 205

CIPLA 379 DOWN 30.05.13 383 385 395 405

DLF 187 DOWN 21.03.13 239 200 210 220

HINDALCO 97 DOWN 13.06.13 97 103 105 108

ICICI BANK 1069 DOWN 13.06.13 1069 1110 1140 1160

INFOSYS 2380 DOWN 17.04.13 2284 2450 2550 2600

ITC 327 UP 04.03.11 172 315 305 300

L&T 1394 DOWN 23.05.13 1418 1460 1480 1500

MARUTI 1457 DOWN 13.06.13 1457 1530 1560 1600

NTPC 150 UP 02.05.13 160 152 148 145

ONGC 309 DOWN 13.06.13 309 320 325 330

RELIANCE 790 DOWN 28.02.13 814 830 850 860

TATASTEEL 266 DOWN 07.02.13 390 290 305 320

NEWS

EX DATE SYMBOL PURPOSE

17-JUN-13 UCOBANK DIVIDEND RS.1.60 PER SHARE

17-JUN-13 INDUSINDBK DIVIDEND RS.3/- PER EQUITY SHARE

18-JUN-13 CMC DIVIDEND RS.17.50 PER SHARE

19-JUN-13 COROMANDEL DIVIDEND RS.4.50 PER SHARE (BC DATES

REVISED)

20-JUN-13 NIITTECH DIVIDEND RS.8.50 PER SHARE

20-JUN-13 IOB FINAL DIVIDEND RS.2/- PER EQUITY SHARE

20-JUN-13 UNIONBANK DIVIDEND RS.8/- PER SHARE

20-JUN-13 NIITLTD DIVIDEND RS.1.60 PER SHARE

20-JUN-13 HAVELLS DIVIDEND RS.7.50 PER SHARE

20-JUN-13 DENABANK DIVIDEND RS.4.70 PER SHARE

20-JUN-13 CENTRALBK DIVIDEND RS 2.50 PER EQUITY SHARE

20-JUN-13 SOUTHBANK DIVIDEND RE 0.70 PER EQUITY SHARE

20-JUN-13 PETRONET DIVIDEND RS 2.50/- PER SHARE

20-JUN-13 BANKINDIA DIVIDEND - RS.10/- PER EQUITY SHARE

21-JUN-13 DABUR FINAL DIVIDEND RE.0.85/- PER EQUITY SHARE

21-JUN-13 VIJAYABANK DIVIDEND RS.2.50 PER SHARE

24-JUN-13 INDIANB DIVIDEND RS.6.60 PER SHARE

24-JUN-13 ALSTOMT&D DIVIDEND RS 1.80/- PER SHARE

26-JUN-13 KTKBANK DIVIDEND RS.4/- PER SHARE

27-JUN-13 HDFC DIVIDEND RS 12.50 PER EQUITY SHARE

27-JUN-13 SOBHA DIVIDEND RS 7 PER EQUITY SHARE

27-JUN-13 EXIDEIND FINAL DIVIDEND RE.0.60 PER SHARE

27-JUN-13 TATAGLOBAL DIVIDEND RS 2.15/- PER SHARE

27-JUN-13 WIPRO FINAL DIVIDEND RS.5 PER EQUITY SHARE

FORTHCOMING EVENTS

DOMESTIC NEWSEconomy• India's Industrial Production (IIP) for April has been revised up to 2.2

percent from 2 percent. However, growth remained lower than the upwardly revised 3.4 percent expansion in March. The data was revised as the government corrected production data for electricity.

• Fitch Ratings raised India's credit rating outlook to 'stable', signaling support to the government's structural reforms and efforts to trim the country's massive budget deficit.

Pharmaceuticals• Ranbaxy Laboratories plans to file three to four generic drug applications

every year that can earn it a six-month marketing exclusivity in the United States.

Hotels & Resorts• Mahindra Holidays & Resorts (MHRIL) is likely to invest `500 crore for

expanding its inventory by 40% over a two year period. The investment planned for the reporting period is of the same value done by the company in the last two years when it added a total 1,000 rooms.

Tyres• Apollo Tyres has announced that the board of directors of the company will

acquire Cooper Tire & Rubber Company, merger of such subsidiary into Cooper in an all cash transaction valued at approximately $2.5 billion (approx. ̀ 14,500 crore).

Information Technology• Wipro Ltd said it will triple its headcount in Germany by hiring over 1,000

people over the next three years with an aim to expand its operations in the key European nation.

Power• Power Grid Corporation has signed an agreement with six North-eastern

states, including Assam and Manipur, for improving the region's transmission network.

Engineering0• Larsen and Toubro (L&T) and Japan's Sojitz Corp has bagged an order of

`6,699.50 crore from the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL). The contract is to construct 626 kilometres (km) of a double-track corridor from Rewari in Haryana to Iqbalgarh in Gujarat via Rajasthan, across three states. The project is expected to be complete in four years.

Realty & Construction• Sadbhav Engineering has been declared the successful bidder for the

following project and work by Delhi Metro Rail Corporation for aggregating contract value of ̀ 64.64 crores.

Mining & Minerals• NMDC signed the memorandum of understanding with MOSI OA TUNYA

DEVELOPMENT COMPANY of Zimbabwe under the administration control of Ministry of Tourism and Hospitality Industry.

Capital Goods• VA Tech WABAG has been awarded an order worth `114.85 crores by

Chennai Metropolitian Water Supply and Sewage Board.INTERNATIONAL NEWS

• Credit ratings agency Standard & Poor's upgraded its outlook for the U.S. credit rating to "stable" from "negative", reducing the likelihood of a near-term downgrade. S&P said the stable outlook reflects receding downside risks to the 'AA+' rating on the U.S., which have reduced the likelihood of a ratings downgrade to less than one in three.

• US retail sales increased by 0.6 percent in May after edging up by 0.1 percent in April. The sales growth came in just above economist estimates for a 0.5 percent increase.

• US initial jobless claims fell to 334,000, a decrease of 12,000 from the previous week's unrevised figure of 346,000. The modest decrease came as a surprise to economists, who had been expecting initial jobless claims to edge up to 350,000.

• US business inventories increased by 0.3 percent in April compared to a revised 0.1 percent decrease in March. The modest rebound matched the expectations of economists.

• US import prices fell by 0.6 percent in May following a revised 0.7 percent decrease in April. The report also showed a 0.5 percent decrease in export prices in May, which followed a 0.7 percent drop in April. Export prices had been expected to edge down by 0.1 percent.

• US wholesale inventories edged up by 0.2 percent in April following a revised 0.3 percent increase in March. The modest growth matched economist estimates.

• US consumer credit rose by $11.1 billion in April following a revised $8.4 billion increase in March. Economists had expected credit to increase by about $14.0 billion.

®

Page 5: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation

5

BSE SENSEX GAINERS & LOSERS TOP (% Change) NSE NIFTY GAINERS TOP & LOSERS (% Change)

SECTORAL INDICES (% Change)

SMC Trend

SMC Trend

FMCGHealthcare

FTSE 100CAC 40

Auto BankRealty

Cap GoodsCons Durable

Oil & GasPower

NasdaqDow jonesS&P 500

NikkeiStrait times

Hang SengShanghai

INSTITUTIONAL ACTIVITY (Equity) (` Crore)

ITMetal

Down SidewaysUp

SMC Trend

Nifty BSE Midcap Nifty JuniorSensex BSE Smallcap S&P CNX 500

GLOBAL INDICES (% Change)

INDIAN INDICES (% Change)

®

-3.09 -3.10

-4.38-4.17

-6.05

-3.76

-7.00

-6.00

-5.00

-4.00

-3.00

-2.00

-1.00

0.00

Nifty Sensex BSE Midcap BSE Smallcap

Nifty Junior S&P CNX 500

-4.65 -4.48

-2.68

-13.75

-2.75 -2.98 -2.77

-7.78

-1.60

-5.49

-7.48

-16.00

-14.00

-12.00

-10.00

-8.00

-6.00

-4.00

-2.00

0.00

Auto Index Bankex Cap Goods Index

Cons Durable Index

FMCG Index Healthcare Index

IT Index Metal Index Oil & Gas Index

Power Index Realty Index

-0.69

-0.47 -0.43

-3.36

-1.70

-3.19

-2.83

-1.67

-1.93

-4.00

-3.50

-3.00

-2.50

-2.00

-1.50

-1.00

-0.50

0.00

Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.

FTSE 100 CAC 40

634.60

210.50

-823.90

-1044.30

131.90

-155.50-302.80

21.60

-1200.00

-1000.00

-800.00

-600.00

-400.00

-200.00

0.00

200.00

400.00

600.00

800.00

Friday Monday Tuesday Wednesday Thursday

FII Activity MF Activity

1.65 1.33 1.180.61 0.58

-15.41

-11.96

-8.85 -8.53-7.80

-18.00

-16.00

-14.00

-12.00

-10.00

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

Cipla Wipro NTPC Hind. Unilever

Reliance Inds.

Jindal Steel Tata Power Co.

Tata Steel Sterlite Inds. B H E L

1.80 1.79 1.39 1.290.79

-15.19

-11.79

-9.61-8.95 -8.87

-18.00

-16.00

-14.00

-12.00

-10.00

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

Ambuja Cem. HCL Technologies

Cipla NTPC Reliance Inds.

Jindal Steel Tata Power Co.

Sesa Goa Reliance Infra.

Tata Steel

Page 6: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation

Above calls are recommended with a time horizon of 1 year.

Beat the street - Fundamental Analysis

6

®

Face Value ( ) 10.00

52 Week High/Low 1236.90 / 808.15

M.Cap (` Cr.) 123232.02

EPS (`) 71.93

P/E Ratio (times) 15.39

P/B Ratio (times) 1.79

Stock Exchange BSE

`

VALUE PARAMETERS

% OF SHARE HOLDING

ICICI BANK CMP: 1067.85 Upside: 19%Target Price: 1266

Investment Rationale •The CASA ratio improved to 41.9% at the end of •The business of the bank grew 14% YoY to Rs March 2013 from 40.9% at the end of December

582863 crore at end March 2013, driven by 14% 2012. The average CASA ratio also improved to growth in advance book to Rs 290249 crore, while 39.1% at the end of March 2013 from 37.4% at the deposits increased 15% to `292614 crore at end end of December 2012.March 2013. •Bank has added 348 branches and 1475 ATMs during

•The net interest margin (NIM) in FY2013 was 3.11% FY2013 pushing the branch network to 3100 showing an improvement of 38 bps compared to branches and ATM network to 10481 ATMs at the end 2.73 in FY2012. The net interest margin for the of March 2013. Bank expects the growth of 10-15% fourth quarter was higher at 3.33% compared to in network strength (branches and ATMs).3.01% in Q4FY2012 and 3.07% in Q3FY2013. The ValuationNIM on domestic business was about 3.7% in The bank has maintained steady asset quality and Q4FY2013 and 1.3% on international business. improvement in its CASA ratio. It expects the

•The bank is consistently maintaining its provision domestic loan growth of 20% in FY14 and 10% growth coverage ratio (PCR) above 70%. The provision in its international loan book. Going forward the NIM coverage ratio of the bank stood at 76.8% at the end of the bank is also expected to improve driven mainly of March 2013 from 77.7% at the end of December by international NIM, which is expected to increase 2012 and 80.4% at the end of March 2012. on account of deployment of excess liquidity. We

•Bank's Capital Adequacy ratio stood at 18.74% expect the stock to see a price target of ̀ 1266 in one with the tier I capital of 12.8% at the end of March year time frame on a three year average P/B of 2.02x 2013 compared to 19.53% with the tier I capital of and FY14 (E) book value per share of ̀ 626.75.13.25% at the end of December 2012.

•Bank has restructured advances worth `788 crore in quarter ended March 2013, pushing up the restructured advance book to `5315 crore at the end of March 2013 up from ̀ 4562 crore at the end of December 2012 and `4554 crore at the end of March 2012. The fresh restructuring advances has halved to Rs 1700 crore in FY2013 compared to Rs 3400 crore for FY2012. The restructuring pipeline stands at around ̀ 600-700 crore.

•The %GNPA declined 40 bps YoY and 9 bps QoQ to 3.22%, while % NNPA rose 4 bps YoY and 1 bp QoQ to 0.77% at end March 2013.

` in cr

Particular Mar 2013 Mar 2014 Mar 2015

Net Total Income 13,866.41 17,949.34 21,202.62

EBIT 13,199.23 15,298.54 18,053.65

Pre-Tax Profit 11,396.69 13,260.32 15,584.36

Net Profit 8,325.47 9,652.18 11,300.15

EPS 71.93 83.66 98.09

BVPS 595.82 626.75 699.69

ROE 13.10 13.98 14.73

P/BV Chart

Face Value ( ) 1.00

52 Week High/Low 255.20/131.75

M.Cap (` Cr.) 20771.01

EPS (`) 7.50

P/E Ratio (times) 28.87

P/B Ratio (times) 5.31

Dividend Yield (%) 0.69

Stock Exchange BSE

`

` in cr

Particular Mar 2013 Mar 2014 Mar 2015

Revenue 3,699.57 4,287.76 4,947.48

EBITDA 954.27 1,138.80 1,391.98

EBIT 914.39 1,113.48 1,371.60

Operating Profit 914.39 160.00 161.50

Pre-Tax Profit 1,051.93 1,211.14 1,465.13

Net Profit 719.55 839.76 1,009.62

EPS 7.51 8.74 10.60

BVPS 40.78 47.09 53.93

ROE 19.60 19.82 21.30

VALUE PARAMETERS

% OF SHARE HOLDING

Investment Rationale Zee TV was launched on several networks across Canada. In Europe, the first locally produced •The company enjoys strong pricing power with British Asian drama series 'Cloud 9' was launched advertisers, as well as cable and multiple system on Zing. Zee TV and Zee Cinema were the number operators. Also, aided by timely implementation 1 TV channel among South Asians in their of digitisation, subscription revenue is expected respective genres in UAE for the quarter ending to sustain a little over 20 per cent growth, March 2013. thereby driving overall performance in FY2014.

Valuation•Advertising revenues for the quarter ended March 2013 were `479.2 crore, up 15.5%. This has been The management is hopeful that a steady growth in significantly higher than the industry growth ratings would help ZEE deliver better performance in recorded during the quarter, aided by the coming quarters. Content-focused approach improvements in viewership shares. For FY 2013, combined with better monetization of subscription advertising revenues increased 24% to `1963.9 revenues, especially from digital markets, will crore. Subscription revenues were `454.6 crore contribute to the company delivering steady and for the quarter ended March 2013, up 13%. This is sustainable returns in the years ahead. The company the highest revenue ever in a quarter. had a very successful year in FY2013, with strong

financial results, reflecting focus on delivering •The industry witnessed biggest transformation superior performance. We thus expect the stock to with the implementation of Digital Addressable see a price target of `254 in one year time frame, System (DAS) in the 42 largest cities of India in based on estimated FY14E EPS of 8.74 on a one year FY13. At the end of March 2013, there were an average P/Ex of 28.95.estimated 33 million digital pay TV homes on DTH

and an estimated 16 million homes on digital cable, up from 29 million DTH and 4 million digital cable homes in March 2012.

•· During the quarter ended March 2013, Zee TV averaged 220 Gross Rating Points (GRPs) recording a relative share of 19% among the top 6 Hindi GECs. The market share was even better in the Prime Time band, where Zee TV averaged 137 GRPs recording a relative share of 20%.

•ZEE's International operations contribute a significant part of the company's revenues. During the quarter, the Company undertook a number of initiatives to further strengthen its dominance.

P/E Chart

ZEE ENTERTAINMENT ENTERPRISES LIMITED CMP: 216.50 Upside: 17%Target Price: 254

Source: Company Website Reuters Capitaline

41.98

8.71

3.45

43.36

2.49 Foreign

Institutions

Non Promoter Corporate Holding

Promoters

Public & Others

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8 10 12 15 Close Price

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24.02

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1.36 1.85 2.35 2.84 Close Price

Page 7: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation

Charts by Spider Software India Ltd

7

The stock closed at 58.60 on 13th June 2013. It made a 52-week low at 40.25 on

20th March 2013 and a 52-week high at Rs 81.90 on 05th July 2012. The 200 days

Exponential Moving Average (EMA) of the stock on the weekly chart is currently

at ̀ 101.48.

On the charts, it has formed flag pattern with the support of volumes and it is on

the verge of breakout once again in coming weeks. One can Buy in the range of

57-59 levels with closing below stop loss of 53 levels for the target of 68-70

levels.

` `

EQUITY

Above calls are recommended with a time horizon of 1-2 months

The stock closed at 231.95 on 13th June 2013. It made a 52-week low at Rs

132.40 on 25rd June 2013 and a 52-week high of ̀ 250 on 07th January 2013. The

200 days Exponential Moving Average (EMA) of the stock on the weekly chart is

currently at ̀ 127.77.

It is clear from the charts that it is in uptrend and the momentum is intact

despite weakness in all the other counters. After retracing a bit, it again went

northwards, which indicates its strength. One can Buy in the range of 230-232

levels with closing below stop loss of 220 levels for the target of 245-250 levels.

`

The stock closed at 135.35 on 14th June 2013. It made a 52-week low at Rs

71.50 on 24th August 2012 and a 52-week high at ̀ 138.60 on 27th May 2013. The

200 days Exponential Moving Average (EMA) of the stock on the weekly chart is

currently at ̀ 89.07.

After a major consolidation between 78-90 levels, it took its northward journey

and remained on a positive note by forming flag formations. The upward journey

has not completed yet. So, it is anticipated that it may further shoot up in the

near term. One can Buy 133-135 levels with closing below stop loss of 128 levels

for the target of 144-147 levels.

`

Aptech Limited

Idea Cellular Limited

Gruh Finance Limited

®

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DERIVATIVES

BASIS GAP IN NIFTY

Nifty opened on a negative note last week around 5900 levels and traded downward with high volatility. However, it bounced back on Friday's trade after short

covering rally in front line stocks. The index has indicated some signs of reversal on the daily charts by closing above 5800 levels. For the June series, the cost-

of-carry increased marginally indicating positive in the short-term. The Implied Volatility (IV) of calls fell on Friday to close at 17.99% while that for put options

fell to 17.72. The Nifty VIX(Volatility Index) for the week traded in the range of 17-20. It is currently trading above its 10-day EMA. Among Nifty options, the

5700-strike put has the highest open interest of 75 lakh shares and 6000-strike call, which have Open Interest (OI) of over 70 lakh shares respectively. The PCR

OI (Put Call Ratio Open Interest) for the week rose and closed at 0.93. It is taking strong support around the 0.80 mark. Nifty may face selling pressure around

5900 levels. On the downside, traders should keep an eye on 5750 levels. Short term indicators are indicating upward momentum to continue for the next

resistance of 5900 levels.

WEEKLY VIEW OF THE MARKET

NIFTY TOTAL OPEN INTEREST (in share)

FIIs ACTIVITY IN F&O IN LAST WEEK

(Derivative segment)

®

FIIs ACTIVITY IN F&O IN LAST TEN SESSIONS

(Derivative segment) `(Cr)

LUPIN (JUN FUTURE)

Buy: Above `787

Target: `809

Stop loss: `776

ICICIBANKBuy JUN 1140 CALL 14.50Buy JUN 1060 PUT 11.50

Lot size: 250Upside BEP: 1166.00Downside BEP: 1034.00Max. Profit: UnlimitedMax. Loss: 6500.00 (26.00*250)

OPTIONSTRATEGY

FUTURESTRATEGY

LT

Buy JUN.1460 CALL 26.00

Buy JUN.1500 CALL 13.00

Lot size: 250

BEP: 1473.00

Max. Profit: 6750.00 (27.00*250)

Max. Loss: 3250.00 ( 13.00*250)

INDUSINDBK (JUN FUTURE)

Sell: Below `474

Target: `461

Stop loss: `480

MARUTIBuy JUN 1560 CALL 21.00Buy JUN 1480 PUT 21.00

Lot size: 250Upside BEP: 1602.00Downside BEP: 1438.00Max. Profit: UnlimitedMax. Loss: 10500.00 (42.00*250)

VOLATILITY STRATEGY

DERIVATIVE STRATEGIES

BEARISH STRATEGY

CENTURYTEX (JUN FUTURE)

Buy: Above `288

Target: `299

Stop loss: `283

184500516700

1374050

3536550

5544350

6507750

7400150

6481900 6412850

4304900

1888000

4061050

55824505204000

7027250

5021400

3880800

2198500

1469350

678100

399500179700

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

8000000

5400 5500 5600 5700 5800 5900 6000 6100 6200 6300 6400

Call Put

0

5

10

15

20

25

30-May 31-May 03-Jun 04-Jun 05-Jun 06-Jun 07-Jun 10-Jun 11-Jun 12-Jun 13-Jun

-1194.79

-121.16

52.99

-648.38

723.57892.13

1241.70

-656.77

-2236.41

-426.75

-2500.00

-2000.00

-1500.00

-1000.00

-500.00

0.00

500.00

1000.00

1500.00

31-May 03-Jun 04-Jun 05-Jun 06-Jun 07-Jun 10-Jun 11-Jun 12-Jun 13-Jun

BUY39.1%

SELL60.9%

8

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9

BHARTIARTL 8783000 8561000 -2.53 0.76 0.72 -0.04 35.93 38.44 2.51

DLF 14035000 14765000 5.20 0.67 0.49 -0.18 50.65 52.08 1.43

HINDALCO 25896000 25050000 -3.27 0.70 0.75 0.05 33.32 41.02 7.70

HINDUNILVR 8809500 9067000 2.92 0.99 0.86 -0.13 16.38 21.48 5.10

ICICIBANK 5536500 8357000 50.94 0.74 0.37 -0.37 30.44 34.06 3.62

IDEA 6632000 8196000 23.58 0.26 0.38 0.12 34.62 41.05 6.43

INFY 2720750 2525875 -7.16 0.46 0.42 -0.04 29.61 32.38 2.77

ITC 21976000 23466000 6.78 0.43 0.51 0.08 24.02 26.69 2.67

JPASSOCIAT 62828000 63012000 0.29 0.37 0.31 -0.06 56.03 54.98 -1.05

NTPC 10636000 10804000 1.58 0.35 0.39 0.04 26.60 27.31 0.71

ONGC 6917000 6785000 -1.91 0.64 0.39 -0.25 29.13 31.50 2.37

RANBAXY 3511000 3277000 -6.66 0.72 0.68 -0.04 45.14 46.48 1.34

RCOM 37484000 47088000 25.62 0.83 0.48 -0.35 61.86 76.04 14.18

RELIANCE 11571250 11330250 -2.08 0.43 0.45 0.02 25.80 27.01 1.21

NIFTY 12327650 15798750 28.16 1.05 0.85 -0.20 16.56 18.00 1.44

SAIL 18156000 17772000 -2.12 0.46 0.48 0.02 36.26 36.33 0.07

SBIN 5455500 5723750 4.92 0.50 0.47 -0.03 33.47 34.82 1.35

TATASTEEL 17667000 20008000 13.25 0.51 0.36 -0.15 31.17 39.02 7.85

UNITECH 69340000 71470000 3.07 0.34 0.27 -0.07 64.56 60.33 -4.23

IMPORTANT INDICATORS OF NIFTY AND OTHER ACTIVE FUTURE CONTRACTS

OPEN INTEREST PCR RATIO IMPLIED VOLATILITY

SCRIPTS PREV. CURRENT % PREV. CURRENT PREV. CURRENT WEEK WEEK CHANGE WEEK WEEK CHANGE WEEK WEEK CHANGE

DERIVATIVES

Put Call Ratio Analysis : The Put-Call open interest ratio of Nifty has decreased

to 0.85 from 1.05. At the end of the week, the maximum stocks had a negative of

change in put call open interest ratio.

Implied Volatility Analysis : The Implied Volatility (IV) for Nifty futures this week

has increased to 18.00% from 16.56%. The IV of the stock futures has changed this

week ranging from -4.23% to 14.18%.

Open Interest Analysis : The open interest for the index at the end of this week

has increased by 28.16% as compared to the previous week. All future stocks saw

changes in their open interest ranging from -7.16% to 50.94%. ICICIBANK has the

maximum increase in open interest as compared to other stocks.

Statistical Analysis·

Open 5933.50 High 5989.95

Low 5692.25 Close 5705.45

NIFTY & IV CHART NIFTY ANALYSIS

®

14

15

16

17

18

19

5600

5700

5800

5900

6000

07-Jun 10-Jun 11-Jun 12-Jun 13-Jun

Nifty Close IV

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10

®

Weakening local currency rupee is giving cushion to the domestic gold prices as its prices remained in tight range in COMEX. Meanwhile FOMC meeting this week will give further direction to the bullions. Bullion counter in near term may trade on volatile path on mixed sentiments. Gold may trade in the range of $1350-1425 in COMEX and 26500-28600 in MCX. White metal silver can also trade in wide range of 42000-45500 in near term. On domestic bourses, weak local currency has supported the prices higher as it has recently tested nearly 59 levels. Bullion counter is pressurized by the fact that the largest bullion backed exchange traded product dropped to the lowest level in more than four years amid speculation that the Federal Reserve will curb stimulus. Assets in the SPDR Gold Trust fell 0.6 percent to 1,003.53 metric tons last week, The biggest fall since May 21 and the lowest level since February 2009. Fed Chairman Ben S. Bernanke said on May 22, the central bank could reduce its $85 billion monthly bond purchases if the employment outlook shows a sustainable improvement. India has taken various steps to control its imports as they have started declining as an increase in tax and restrictions on shipment financing boost costs for jewelers. Hedge funds and other large speculators got more positive in the past two weeks after reducing bullish bets to the lowest in almost six years, U.S. Commodity Futures Trading Commission data showed.

BULLIONS

Crude oil prices may remain on firm path on domestic bourses aided by the weakening local currency rupee. Overall, it can trade in the range of 5450-5750 in MCX and $91-98 in NYMEX. Recovery in the US economy is also supporting the prices of crude oil. US May retail sales, growing at a faster pace than the 0.1 percent increase in April, showed job gains and lower borrowing costs are encouraging consumers to spend. The U.S., world's biggest oil-consuming country, accounted for about a fifth of global demand in 2012. Libya's output has plunged by at least 600,000 barrels a day from more than 1.6 million in the middle of last year. Earlier this week, the IEA, OPEC and EIA released their monthly oil reports with all 3 agencies anticipating demand this year will increase moderately as driven by expansion in emerging markets. The forecasts are largely the same as those made in May. International Energy Agency stated that China, the world's second-largest oil consumer, will use less oil this year than previously expected, although its total oil demand will grow by 3.8%.Natural gas may move further lower and can test 210 in MCX due to burgeoning inventories and feeble demand. The EIA reported a rise of 95 billion cubic feet in U.S. natural-gas inventories for the week ended June 7. Total natural gas stocks now stand at 2.347 trillion cubic feet, down 587 billion cubic feet from the year-ago level and 58 billion cubic feet below the five year average.

ENERGY COMPLEX

Base metals complex may continue to witness profit booking at higher levels on slowing China demand and Euro Zone concerns. China's Finance Ministry failed to sell all of the debts offered at an auction for the first time in 23 months owing to a cash squeeze that threatens to exacerbate a slowdown in the world's second-largest economy. The cash shortage in China is also keeping the base metals tamed down as the China's economic outlook is deteriorating slowly. Economic growth has held below 8 percent for the past four quarters, the first time that has happened in at least 20 years. Red metal copper can trade in the range of 400-420. Recently, copper prices dipped lower on fears that central banks may curb stimulus programmes earlier than previously expected outweighed concerns about supply disruption and delay at two large copper mines. Freeport-McMoRan Copper & Gold Inc on last Wednesday declared force majeure to free itself from obligations to deliver copper concentrate from its Grasberg mine in Indonesia, where work has been suspended after a May accident that killed 28 people. Nickel prices can trade in the range of 790-835 in MCX. Last week Nickel fell to its lowest level in four years due to combination of weak demand from the stainless steel sector and oversupply weighed on the market. Aluminum prices may move in the range of 103-109 levels while Zinc prices can hover in the range of 103-108 in MCX. While battery metal, ead can move in the range of 117-124.

BASE METALS

Jeera futures (July) is seen to maintain the consolidation in the range of 12900-13400 levels. In the current scenario, export demand has come into sight from Bangladesh & it may rise ahead of the Ramadan festival. In Singapore one per cent Indian cumin seed offered at USD 2,450 per ton FOB Mumbai. Moreover, the lean season supply may support the prices in the coming days. Any upside in turmeric futures (July) is expected to be capped near 5690 levels. The prevailing price at the spot markets in Nizamabad and Warrangal are almost equal to Erode market, so buying is affected in the two northern markets also. The subdued demand from retailers and stockists amid sufficient stocks position mainly put pressure on turmeric prices. Arrivals are continuously flowing from producers, while marginal demand is being witnessed from exporters for want of upcountry demand, while the remaining is being purchased by the stockiest. Cardamom futures (July) will possibly face resistance near 790-800 levels. The exporters are inactive in the domestic market due to lower quality material. On the other hand, upcountry buyers are keeping away from fresh buying & waiting for the new crop arrivals, which will start from June end. Good weather conditions are reported in cardamom growing belt which is beneficial for plantations. Chilli futures (July) is likely to consolidate taking support above 5550 levels. Market participants are waiting for the spot market to resume at Guntur to take cues for direction of price.

SPICES

OTHER COMMODITIES

Wheat futures (July) will possibly extend its downside breaching 1600 levels. The statistics show that Market Year (MY) 2013/14 wheat exports are revised lower to 5.0 MMT on lower government wheat exports. The fundamentals of the international show that the Australian Bureau of Agricultural and Resource Economics and Sciences, has set wheat out to reach 25.4 million metric tonnes in 2013-2014 from 24.9 million tonnes estimated in March and 22.1 million tonnes a year earlier. Chana futures (July) is expected to remain stable taking support above 3145 levels. The counter is witnessing a positive tone amid good demand in the spot market. The buying interest around current levels may lend some support to the market sentiments. Sugar futures (July) is likely to witness some extended profit booking from higher levels, facing resistance near 3160 levels. Moreover, the country has good quantity of carryover stock. The market participants would eyeing on the decision of increasing import duty & on the progress of monsoon on the major producing areas. The southwest monsoon has already advanced further covering the entire state of Maharashtra five days ahead of the normal schedule. Kapas futures (Apr'14) will probably show a consolidation in the range of 1050-1110 levels. The upside may remain capped owing to factors such as soaring imports from Africa as it is cheaper for them to import than have cotton transported from Gujarat or Maharashtra. Secondly, the good monsoon rains is heightening the prospects for more area to be sown & yielding better yields this season.

Soybean futures (July) will possibly trade in the range of 3720-3870 levels. Market participants may remain cautious as the monsoon is showing a sign of progress over the major growing areas & there are talks that area under soybean could rise this season. In the current year, the Madhya Pradesh Government is targeting acreage of 6.23 million hectare and an output of 8.72 MT. The State Agriculture Department is aiming to increase it to 1,400 kg this year. U.S soybean futures (July) might remain below its previous week high of 1558 levels owing to profit booking from higher levels & as investors are keeping a word of caution, keeping in sight the planting progress and development of the U.S. soybean crops. In the latest report given by U.S. Dept. of Agriculture, soybean exports for 2012/13 are reduced from 20 million bushels to 1.33 billion bushels reflecting exceptionally low shipments and sales in May and competition from Brazil. Mustard futures (July) is expected to trade range bound taking support above 3480 levels. Demand for the commodity is expected to rise supported by enquiries from pickle manufacturers. The counter in Alwar, Bharatpur and Kherli markets is depicting a firm trend supported by demand from stockists. CPO futures are expected to witness some profit booking form higher levels & pressurized by higher availability in the market. In the latest statistics cited by the Solvent Extractors' Association, imports of refined palmolein hit a record by jumping 47.5% from a month ago.

OIL AND OILSEEDS

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Closing as on 13.06.13

11

NOTES : 1) Buy / Sell 25% of Commodity at S1/R1 respectively & rest 75% at S2/R2 respectively.2) S1 & S2 indicate first support & second support & R1 & R 2 indicate first resistance & second resistance. 3) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength coming into the commodity. At the moment, the stop loss will be far as we are seeing the graphs on weekly

basis and taking a long-term view and not a short-term view.4) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name of Daily report- commodities.

TECHNICAL RECOMMENDATIONS

EXCHANGE CONTRACT CLOSING DATE TREND

PRICE CHANGED CHANGED STOP/LOSS

NCDEX SOYABEAN (JULY) 3774.00 07.03.13 UP 3421.50 3700.00 - 3600.00 - 3500.00

NCDEX JEERA (JULY) 13135.00 11.04.13 UP 13795.00 12000.00 - 11500.00 - 11000.00

NCDEX RED CHILLI (JULY) 5698.00 17.04.13 DOWN 6362.00 - 6100.00 6200.00 6300.00

NCDEX RM SEEDS (JULY) 3523.00 11.04.13 UP 3586.00 3280.00 - 3200.00 - 3100.00

MCX MENTHA OIL (JUNE) 1020.00 13.06.13 SIDEWAYS

MCX CARDAMOM (JULY) 758.70 28.02.13 DOWN 965.00 - 820.00 850.00 900.00

MCX SILVER (JULY) 43235.00 20.12.12 DOWN 57351.00 - 46000.00 49000.00 49500.00

MCX GOLD (AUGUST ) 27766.00 30.05.13 SIDEWAYS

MCX COPPER (JUNE) 408.35 30.05.13 UP 414.55 390.00 - 380.00 - 370.00

MCX LEAD (JUNE) 120.95 30.05.13 UP 122.90 117.00 - 113.00 - 110.00

MCX ZINC (JUNE) 105.80 30.05.13 UP 107.55 103.00 - 101.00 - 98.00

MCX NICKEL(JUNE) 818.50 21.02.13 DOWN 920.30 - 870.00 900.00 920.00

MCX ALUMINUM(JUNE) 107.55 30.05.13 UP 106.60 104.00 - 102.00 - 100.00

MCX CRUDE OIL (JULY) 5603.00 06.06.13 UP 5404.00 5300.00 - 5200.00 - 5100.00

MCX NATURAL GAS (JULY) 223.20 06.06.13 DOWN 218.60 - 245.00 255.00 265.00

TREND RATE TREND S1 R1 S2 R2 CLOSING

*

TREND SHEET

COMMODITY

SILVER MCX (JULY) contract closed at 43235.00 on 13th June '13. The contract made its high of Rs

53436.00 on 9th April '13 and a low of ̀ 40749.00 on 20th May '13. The 18-day Exponential Moving Average

of the commodity is currently at ̀ 43671. On the daily chart, the commodity has Relative Strength Index (14-day) value of 43. One can buy the

range 43000-42800 with the stop loss of ̀ 42300 for a target of ̀ 44500.

`

CRUDE OIL MCX (JUNE) contract closed at 5571.00 on 13th June '13. The contract made its high of

`5648.00 on 11th June '13 and a low of ̀ 4737.00 on 18th April '13.The 18-day Exponential Moving Average

of the Commodity is currently at ̀ 5430.

On the daily chart, the commodity has Relative Strength Index (14-day) value of 66.One can buy in the

range 5550-5530 with the stop loss of ̀ 5490 for target of ̀ 5650.

`

NATURAL GAS MCX (JUNE) contract closed at 221.10 on 13th June '13.The contract made its high of

`242.80 on 27th May '13 and a low of R`215.10 on 12th June '13.The 18-day Exponential Moving Average

of the Commodity is currently at ̀ 224.

On the daily chart, the commodity has Relative Strength Index (14-day) value of 42. One can sell in the

range 222-225 with the stop loss of ̀ 230 for a target of ̀ 212.

`

®

SILVER MCX (JULY)

CRUDE OIL MCX (JUNE)

NATURAL GAS MCX (JUNE)

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COMMODITY

NEWS DIGEST

Gold moved higher last week on the domestic bourses while traded flat in COMEX. Investors sold 490.40 metric tonnes valued at $21.8 billion through ETPs since Feb 8 and the 2,124.7 tonnes left is the least they have held since April 2011. India raised the import duty on Gold to 8 percent from 6 percent on June 5 and the central bank also further restricted shipments. Overseas purchases slid to an average of $36 million a day in the 14 business days through June 7, compared with an average of $135 million a day in the 13 days through May 20. Paulson, the largest investor in the SPDR Gold Trust, the biggest ETP, had a 13 percent loss in his Gold Fund last month, which takes the decline since the start of the year to 54 percent. Crude oil price continued its upside momentum as it tested the key level of 5600 in MCX and 96.50 in NYMEX. According to EIA, U.S. gasoline demand averaged 8.8 million barrels a day in the four weeks ended June 7, up 0.9 percent from the prior week. According to the OPEC, world oil demand would gain +0.7M bpd to 89.6M bpd in 2013. Oil consumption in developing countries would increase +1.2M bpd with demand growth in China growing by +0.4M bpd. Profit booking was seen in the base metals counter, which was due to lack of demand. The People's Bank of China added a net 92 billion yuan into the financial system last week, down from 160 billion yuan in the five days through June 7.

The southwest monsoon further advanced over some parts of Gujarat, Jharkhand, most parts of Madhya Pradesh and entire Chhattisgarh. Ample annual monsoon rains have covered half of India two days ahead of the usual date. Rainfall in the second week of the season ending June 12 was 35% above average, helping early planting of a host of summer crops, including rice, oilseeds and cotton, in many parts of the country. As regard price movement of agri commodities, the guar complex, the rain fed monsoon crop, continued to witness a steep downfall on good progress of the monsoon and hopes of a higher area under sowing. Conditions are favourable for further advancement of the monsoon in Gujarat, Madhya Pradesh, Uttar Pradesh and Rajasthan. The bull-run in maize prices witnessed a pause owing to the profit booking from the higher levels. Among the gainers, soymeal & cotton prices on the national bourse gained a little supported by export enquiries & on weak rupee. In the latest report given by U.S Dept of agriculture, the projected world 2013/14 ending stocks was reduced marginally. Beside, global oilseed production for 2013-14 was projected down i.e 0.5 million from last month. In spices, turmeric prices on the futures platform continued its bearish trend following weak sentiments of spot markets amid lack of demand & jeera futures consolidated back on emerging demands.

WEEKLY COMMENTARY

WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)

COMMODITY UNIT 05.06.13 12.06.13 DIFFERENCEQTY.

BARLEY MT 27196 28246 1050

CASTOR SEED MT 132807 136132 3325

CHANA MT 122850 126486 3636

CHILLI MT 15642 15214 -428

COTTONSEED OILCAKE MT 111044 105767 -5277

JEERA MT 8006 8210 204

MAIZE MT 2073 3877 1804

RAPE MUSTARD SEED MT 78789 82646 3857

SOYA BEAN SEEDS MT 13403 17724 4321

SUGAR M MT 4293 4942 649

WHEAT MT 8929 13936 5007

COMMODITY UNIT 06.06.13 13.06.13 DIFFERENCE

QTY. QTY.

CARDAMOM MT 47.50 55.60 8.10

COTTON BALES 161400.00 161400.00 0.00

GOLD KGS 582.00 487.00 -95.00

GOLD MINI KGS 448.60 442.10 -6.50

GOLD GUINEA KGS 271.26 270.85 -0.41

MENTHA OIL KGS 261349.55 261349.55 0.00

MILD STEEL MT 1764.76 1615.42 -149.34

SILVER (30 KG Bar) KGS 13693.44 13514.22 -179.22

•UCX has facilitated physical delivery of 115 kilograms of gold valuing around ̀ 30.62 crore on its first expiry (May 2013) since launch.

•The National Multi Commodity Exchange (NMCE) has launched modified black pepper contract by launching six contracts from July to December. In this new specification, the black pepper has to be free from mineral oil.

•The launch of October 2013 expiry contract in Maize – Feed/Industrial grade on NCDEX which is scheduled on June 10, 2013, has been postponed till further notice.

•IEA raised its global oil demand outlook modest by +65K bpd to 90.6M bpd for this year.

•According to EIA “Non OPEC production likely rise by +1.19M bpd to 53.91M bpd in 2013 and then by +1.62M bpd in 2014”

•ArcelorMittal SA , the world's largest steelmaker, will resume its expansion of long steel capacity in Brazil.

•China's gold imports unexpectedly tumbled in April from record levels on supply constraints as demand surged.

•The United States has doubled lead imports in the past five months, carving into global stockpiles.

•Rio Alto Mining Ltd has temporarily suspended some operations at its La Arena gold mine in Peru.

•Martin Abbott quit as chief of the London Metal Exchange (LME) last week six months after triumphantly steering a sale to Hong Kong owners of the world's biggest marketplace for materials such as copper and zinc.

WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)

12

®

NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)

5.264.96

1.53 1.511.10

-11.62

-10.52

-5.09

-2.88

-2.22

-14.00

-12.00

-10.00

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

8.00

CARDAMOM ALMOND COTTON MENTHA OIL CRUDE OIL GUARSEED GUARGUM NICKEL ALUMINIUM LEAD

4.023.50

2.51 2.50 2.40

-11.60-11.23

-4.93

-2.91 -2.80

-14.00

-12.00

-10.00

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

PVC NEW COTTON 29 MM BARLEY SOYAMEALKAPAS

GUAR GUM GUAR SEED MAIZE RABI CORIANDER RED CHILLI

QTY.

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Depreciating Rupee ……..

13

SPOT PRICES (% change)

COMMODITY

WEEKLY STOCK POSITIONS IN LME (IN TONNES)

COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE

06.06.13 13.06.13

ALUMINIUM 5204550 5214150 9600

COPPER 612300 609550 -2750

NICKEL 179898 183720 3822

LEAD 210400 200325 -10075

ZINC 1077050 1096250 19200

INTERNATIONAL COMMODITY PRICES

COMMODITY EXCHANGE CONTRACT UNIT 07.06.13 13.06.13 CHANGE(%)

Soya CBOT JULY Cent per Bushel 1528.25 1510.25 -1.18

Maize CBOT JULY Cent per Bushel 666.25 643.50 -3.41

CPO BMD AUG MYR per MT 2457.00 2424.00 -1.34

Sugar LIFFE AUG 10 cents per MT 481.40 473.30 -1.68

COMMODITY EXCHANGE CONTRACT 07.06.13 13.06.13 CHANGE%

ALUMINIUM LME 3 MONTHS 1940.00 1857.00 -4.28

COPPER LME 3 MONTHS 7230.00 7050.00 -2.49

LEAD LME 3 MONTHS 2164.00 2085.50 -3.63

NICKEL LME 3 MONTHS 15050.00 14060.00 -6.58

ZINC LME 3 MONTHS 1904.00 1840.00 -3.36

GOLD COMEX AUG 1383.00 1377.80 -0.38

SILVER COMEX JULY 21.74 21.58 -0.74

LIGHT CRUDE OIL NYMEX JULY 96.03 96.69 0.69

NATURAL GAS NYMEX JULY 3.83 3.81 -0.37

PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)

Nowadays, the trouble for India is growing with the free fall in rupee, which is

recording new lows day by day. The Indian rupee has touched its lifetime low of 58.90

as against the dollar on June 12, 2013 on continued dollar strength against emerging

markets as well as major global currencies, on the back of high current account

deficit.

The region behind the depreciation:

• India is facing a vicious cycle of falling rupee and high Current Account Deficit

(CAD). The falling rupee is supporting high Current Account Deficit (CAD), which in

turn is pressuring the rupee to lower. According to RBI, India's Current Account

Deficit (CAD) for 2012-13 is likely to be around 5 per cent of the Gross Domestic

Product (GDP)

• The rupee is under pressure due to dollar appreciation backed with the improving

outlook of US economy and speculation of cutting back stimulus by US Fed.

• Dollar is also appreciating primarily due to weakness in Yen as the Bank of Japan is

pumping lot of liquidity by their Asset Purchase Program of $1.4T USD in two

years.

• Indian economy prospects have

declined sharply due to lack of

reforms.

• Exporters are said to be holding

on to their earnings in the hope of

a further fall in rupee.

• Recently, gold import has

emerged as the main factor for

widening the Current Account

Deficit (CAD). Indian gold

demand contributed to a $32.6

billion current account gap in the last quarter of 2012, equivalent to a record 6.7

percent of Gross Domestic Product (GDP).

The impact of rupee depreciation on commodities and CAD

• When a rupee weakens, the exporters rejoice as they get more of the local

currency for every unit of foreign currency, while the importers have to sell out

more of the domestic currency for the same quantum imported.

• The benefit of falling commodity prices in the international market is not being

translated into lower domestic price due to rupee depreciation.

• A weakening Rupee has pushed gold prices in the Indian markets while gold prices

in the international markets are witnessing a downtrend.

• Due to currency depreciation, Crude oil's imports become costly while the

international benchmark Brent crude remains almost stable. Depreciation of

every rupee is likely to increase India's annual oil import bill alone by Rs100 billion

(0.1% of GDP) as crude oil is a major share of our imports bill.

• With India's exports being more demand-sensitive than price-sensitive and India's

imports being largely inelastic, the rupee's weakening is likely to increase the

Current Account Deficit by 0.4% of GDP for 10% depreciation.

• Notwithstanding, the recent correction in the edible oil prices, import cost of

vegetable oil continue to soar on the back of sharp depreciation in the currency.

• Increase in import prices of essential commodities such as crude oil, pulses,

edible oils, coal and other industrial raw materials are bound to increase the

prices of the final goods. Thereby, making it costlier for the consumers and hence

inflation might be pushed up further.

• The rise in inflation leads to further outflow of capital which further leads to

further depreciation of rupee.

• A sharp decline in the value of rupee is bound to affect the power generation

capability of power plants that are heavily dependent upon the imported coal.

®

-4.15

-2.65

-2.62

-2.06

-1.96

-1.59

-1.50

-0.26

-0.04

0.00

0.15

0.46

0.73

1.18

1.19

1.42

1.80

2.28

3.20

4.20

10.29

-6.00 -4.00-2.00 0.00 2.00 4.00 6.00 8.00 10.0012.00

TURMERIC (NIZAMABAD)

CARDAMOM (VANDANMEDU)

GUR (MUZAFFARNGR.)

CHANA (DELHI)

SILVER (DELHI)

RAW JUTE (KOLKATA)

CORIANDER (KOTA)

MUSTARD (JAIPUR)

BARLEY (JAIPUR)

MILD STEEL INGOTS (GHAZIABAD)

JEERA (UNJHA)

REFINED SOYA OIL (INDORE)

WHEAT (DELHI)

GOLD KG (MUMBAI)

PEPPER MALABAR GAR (KOCHI)

SOYABEAN (INDORE)

MENTHA OIL (CHANDAUSI)

RUBBER (KOCHI)

CRUDE PALM OIL (KANDLA)

MASOOR (INDORE)

CHILLI (GUNTUR)

Page 14: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation

CURRENCY

Currency Table

Currency Pair Open High Low Close

USD/INR 57.02 59.13 57.20 58.11

EUR/INR 75.11 78.32 75.70 77.40

GBP/INR 88.60 91.92 89.03 90.92

JPY/INR 58.00 62.34 58.48 61.70

(Source: Thomson Reuters, Open: Friday (Prior) 9.00 AM IST, Close: Thursday 5.00 PM IST)

News Flows of last week

11th June: British house prices are rising at their fastest pace in three years

11th June: U.S Wholesale inventories rose modestly in April

12th June: Britain's economy grew 0.6 pct in 3 months to May - NIESR

12th June: The U.S. government posted a budget deficit of $139 billion in May

13th June: U.S Business inventories rose in April

13th June: The number of Americans filing new claims for jobless benefits fell

last week

13th June: U.S Retail sales rose more than expected in May

EUR/INR (JUNE) contract closed at 77.40 on 13th June'13. The contract made its high of ̀ 78.32 on 13th June'13 and a low of ̀ 75.70 on 10thJune'13 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at ̀ 75.39.

On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 75.29. One can buy on dips around 76.00 for a target of 77.00 with the stop loss of 75.50

`

JPY/INR (JUNE) contract closed at 61.70 on 13th June'13. The contract made its

high of ̀ 62.34 on 13thJune'13 and a low of ̀ 58.48 on 10th June'13 (Weekly Basis). The

14-day Exponential Moving Average of the JPY/INR is currently at ̀ 58.52.

On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 71.72.

One can buy around 60.15 for a target of 61.10 with the stop loss of ̀ 59.65.

`

Market Stance

It was really a volatile week for the local currency as rupee hits its all time low

against its counterpart dollar adding concerns about the prospects of a recovery

in Asia's third largest economy. While the fall is part of a sell-off in riskier assets

across the region, the Indian currency has been hit harder than other emerging

market currencies because of the country's hefty current account deficit.

Chidambaram's promise of fiscal reforms, which are necessary to narrow the

current account deficit, come after Fitch Ratings on Wednesday returned India's

sovereign outlook back to "stable" from "negative" a year after its downgrade.

Policy makers are also looking to attract institutional investors, with market

regulators on Wednesday raising investment limits for long-term foreign

investors in government debt by $5 billion to $30 billion. However, in later part of

the week the rupee snapped sum of its losses amid profit booking at higher levels

along with selling of greenback by exporters.

EUR/INR

USD/INR (JUNE) contract closed at Rs 58.11 on 13th June'13. The contract made its high of `59.13 on 11th June'13 and a low of `57.20 on 10th June'13 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at ` 57.28

On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 68.20. One can buy on around 57.30 for a target of 58.40 with the stop loss of 56.70

GBP/INR (JUNE) contract closed at 90.92 on 13th June'13. The contract made its

high of ̀ 91.92 on 13th June'13 and a low of ̀ 89.03 on 10th June'13 (Weekly Basis).

The 14-day Exponential Moving Average of the GBP/INR is currently at ̀ 88.53.

On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 79.76. One

can buy on dips around 89.45 for a target of ̀ 90.50 with the stop loss of ̀ 88.90

`

USD/INRTechnical Recommendation

GBP/INR JPY/INR

14

®

Economic gauge for the next week

Date Currency Event PREVIOUS

18th June GBP Consumer Price Index (YoY) 2.40%

18th June GBP Core Consumer Price Index (YoY) 2%

18th June USD Consumer Price Index (YoY) 1.10%

18th June USD Consumer Price Index Ex Food & Energy (YoY) 1.70%

19th June GBP Bank of England Minutes

19th June USD Fed Interest Rate Decision 0.25%

19th June USD FOMC Economic Projections

19th June USD Fed's Monetary Policy Statement and press conference

20th June EUR Producer Price Index (YoY) 0.10%

20th June GBP Bank of England Minutes

Page 15: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation

IPOIPO

INDIAN IPO NEWS

IPO scam: SAT asks NSDL to file reply by June 20

The Securities and Appellate Tribunal has directed the National Securities Depository (NSDL) to file its reply by June 20 in the case related to

the ̀ 500 crore IPO scam. According to sources, during a hearing on June 11, the tribunal said that it would be the last chance for NSDL to file the

reply. The tribunal has fixed July 8 as the date for the final hearing, they added. The case involves the former Sebi Chairman C B Bhave, who

was heading the NSDL at the time of the scam that saw opening of thousands of fake demat accounts to corner shares in Initial Public Offerings

(IPOs).

Govt starts NFL stake sale process; to fetch ̀ 172 cr

The Finance Ministry has initiated the process of 7.64 per cent stake sale in National Fertilisers (NFL) and will soon appoint merchant bankers

for the disinvestment, which may fetch over `172 crore to the exchequer. The Department of Disinvestment (DoD) has invited expression of

interest from merchant bankers with experience in public offerings/OFS to act as book running lead managers and to assist and advise

government in the process. The government plans to disinvest 7.64 per cent stake, or over 3.74 crore shares, of NFL through Offer For Sale

(OFS) route in the domestic market

Coal India FPO not on agenda right now, says Coal Minister Sriprakash Jaiswal

The proposed Coal India stake sale plan is not on the agenda right now, Coal Minister Sriprakash Jaiswal. At the same time, he also did not rule

out its possibility within this fiscal. The government had mulled offloading around 10 per cent stake in the PSU company to meet half of the

divestment target of 2013-14 in one go. The disinvestment, if happens, could be either through an offer for sale (OFS) or follow-on public offer

(FPO). In October 2010, Coal India IPO had fetched ̀ 15,475 crore in the country's biggest initial public offering.

V-Mart Retail Trading 238.51 123.00 20-Feb-13 210.00 216.00 132.80 -36.76

Bharti Infra. Telecom 28,992.78 4533.60 28-Dec-12 220.00 200.00 153.75 -30.11

PC Jeweller Jewellary 1,838.46 609.30 27-Dec-12 135.00 135.50 100.90 -25.26

CARE Rating Agency 1,994.41 540.00 26-Dec-12 750.00 949.00 691.95 -7.74

Tara Jewels Jewellary 326.91 179.50 6-Dec-12 230.00 242.00 133.00 -42.17

VKS Projects EPC 161.91 55.00 18-Jul-12 55.00 55.80 2.57 -95.33

Speciality Restaruants Restaurants 772.92 181.96 30-May-12 150.00 153.00 164.95 9.97

T B Z Jewellary 1362.68 210.00 9-May-12 120.00 115.00 204.30 70.25

MT Educare Miscellaneous 390.84 99.00 12-Apr-12 80.00 86.05 98.25 22.81

NBCC Construction 1657.20 124.97 12-Apr-12 106.00 100.00 138.10 30.28

Olympic card. Media 88.56 24.75 28-Mar-12 30.00 29.95 54.30 81.00

Multi Comm. Exc. Exchange 4344.44 663.31 9-Mar-12 1032.00 1387.00 851.85 -17.46

Indo Thai Sec. Finance 12.68 29.60 2-Nov-11 74.00 75.00 12.68 -82.86

Vaswani Inds. Steel 8.41 49.00 24-Oct-11 49.00 33.45 3.08 -93.71

M and B Switch. Capital Goods 418.00 93.00 20-Oct-11 186.00 180.00 20.90 -88.76

Flexituff Intl. Packaging 511.53 104.63 19-Oct-11 155.00 155.00 222.60 43.61

Prakash Constro. Construction 12.07 60.00 4-Oct-11 138.00 145.00 0.96 -99.30

PG Electro. Consumer Durables 115.69 120.65 26-Sep-11 210.00 200.00 70.50 -66.43

SRS Jewellary 423.44 203.00 16-Sep-11 58.00 55.00 30.40 -47.59

TD Power Sys. Capital Goods 782.80 227.00 8-Sep-11 256.00 251.60 235.50 -8.01

Tree House Edu. Miscellaneous 986.38 112.06 26-Aug-11 135.00 132.80 274.30 103.19

L&T Fin.Holdings Finance 13,236.85 1245.00 12-Aug-11 52.00 51.00 772.92 1386.38

Inventure Grow. Finance 48.47 81.90 4-Aug-11 117.00 119.00 5.77 -95.07

Readymade Steel Steel 84.85 34.75 13-Jul-11 108.00 115.00 72.40 -32.96

Rushil Decor Miscellaneous 43.42 40.64 7-Jul-11 72.00 81.25 30.15 -58.13

IPO TRACKER

Company Sector M.Cap(In Cr.) Issue Size(in Cr.) List Date Issue Price List Price Last Price %Gain/Loss(from Issue price)

*

15

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16

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Page 17: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation

MUTUAL FUND

NEWS

MF assets reach all-time high in May

The mutual fund industry's month-end assets under management (AUM) rose over 5% month on month or Rs 429 bn to an all-time high of Rs 8.68 trillion in May as per the monthly numbers released by the Association of Mutual Funds in India (AMFI). The previous high of Rs 8.26 trillion was in January 2013. AUM gains in May were led by inflows into income and liquid funds.

Income funds' assets rise to 3-year high

Income funds' (includes long-term debt funds, short-term debt funds, fixed maturity plans and ultra short-term debt funds) assets rose by nearly ̀ 250 bn or 6% to a 3-year high of ̀ 4.47 trillion, led by inflows of nearly ̀ 210 bn plus mark to market gains. Most of the inflows were into short term and ultra short term debt funds as banks and corporates re-invested their funds in these short maturity categories.

Equity funds report highest outflows in eight months

Equity funds saw outflows of ̀ 34 bn in May compared to around ̀ 3 bn in April, the highest for the category in eight months. The category has witnessed outflows in 11 months out of the past 12 months as investors continued to book profits. In the latest month, the equity market represented by the CNX Nifty gained around 1% amid mixed domestic and global cues. On year to date basis (five months) too, the index has returned 1.37%. Category assets declined by ̀ 32 bn or 1.8% in May to Rs 1.75 trillion.

L&T MF introduces FMP - Series VIII - Plan A

L&T Mutual Fund has launched the New Fund Offer (NFO) of L&T FMP - Series VIII - Plan A, a close ended income scheme. The NFO opens and closes for subscription on June 13, 2013. The investment objective of the scheme is to achieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme.

Reliance MF introduces Interval Fund I – Half yearly Interval Fund - Series 1

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Interval Fund I – Half yearly Interval Fund - Series 1, an open ended income scheme. The NFO opens and closes for subscription on June 13, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is ̀ 5,000 and in multiples of ̀ 1 thereafter. The investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities which are maturing on or before the next specified transaction date of the scheme with the objective of limiting interest rate volatility -Central and State Government securities and Other fixed income/ debt securities.

ICICI Prudential MF introduces Multiple Yield Fund - Series 4 - 1825 Days - Plan B,

ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Multiple Yield Fund - Series 4 - 1825 Days - Plan B, a close ended income scheme. The NFO opens for subscription on June 13, 2013, and closes on June 27, 2013. The secondary objective of the Scheme is to generate long term capital appreciation by investing a portion of the Scheme's assets in equity and equity related instruments. However, there can be no assurance that the investment objective of the under the Scheme will be realized.

Religare Invesco Fixed Maturity Plan-Series XV-Plan B (368 Days)

Religare Invesco Mutual Fund has declared dividend under the dividend option of Religare Invesco Fixed Maturity Plan-Series XV-Plan B (368 Days), close ended debt scheme. The record date for dividend is June 17, 2013. The amount of dividend will be entire distributable surplus as on the record date, on the face value of Rs 10 per unit.

HDFC MF declares dividend under FMP 372D June 20

HDFC Mutual Fund has declared dividend under the normal dividend option and quarterly dividend option of HDFC FMP 372D June 2012 (2), a plan under HDFC Fixed Maturity Plans-Series 22, a closed ended income scheme. The record date for dividend is June 18, 2013. The amount of dividend will be distributable surplus, as reduced by applicable statutory levy on the face value of ̀ 10 per unit. The investment objective of the Scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s).

17

®

NFOs WATCH

Fund Name NFO NFO Scheme Objective Fund Type Fund Class Fund Manager MinimumOpens on Closes on Amount

06-Jun-2013 17-Jun-2013 Open-Ended Growth `5000/-IIFL Dynamic Bond Fund - Regular Plan (G)

Rahul AggarwalThe investment objective of the scheme is

to generate income and long term gains by

investing in a range of debt and money

market instruments of various maturities.

The scheme will seek to flexibly manage its

investment across the maturity spectrum

with a view to optimize the risk return

proposition for the investors.

10-Jun-2013 24-Jun-2013 Close-Ended Growth `5000/-DWS Hybrid Fixed Term Fund - Series 14 (3 years) (G)

Akash Singhania / Kumaresh Ramkrishnan

To generate steady returns along with high

liquidity by investing in a portfolio of short-

term, high quality money market and debt

instruments.

17-Jun-2013 28-Jun-2013 Close-Ended Dividend `5000/-Reliance Dual Advantage Fixed Tenure Fund III - Plan D (D)

Krishan Daga / Anju Chajjer

To generate returns and reduce interest

rate volatility, through a portfolio of fixed

income securities that are maturing on or

before the maturity of the Scheme along

with capital appreciation through equity

exposure.

Page 18: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation

18

MUTUAL FUND Performance Charts

Returns (%) Risk Market Cap (%)

Scheme Name NAV Launch AUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &

(`) Date (` Cr.) Launch CAP CAP CAP OTHER

Birla Sun Life India GenNext Fund - G 31.19 05-Aug-2005 128.25 2.84 -0.26 25.97 13.17 15.57 1.71 0.74 0.23 47.621 40.3099 4.7159 7.3532

ICICI Prudential Service Industries Fund - G 19.51 30-Nov-2005 151.67 -0.96 4.39 23.87 6.28 9.27 1.64 0.65 0.16 58.6864 32.5829 1.372 7.3587

Franklin India Smaller Companies Fund - G 16.27 13-Jan-2006 322.84 0.61 -1.05 23.19 6.81 6.78 1.8 0.65 0.17 21.6477 59.1044 8.7377 10.5102

SBI Magnum Midcap Fund - Growth 25.29 29-Mar-2005 218.83 -1.54 -5.15 21.69 5.57 11.96 1.79 0.62 0.14 3.0116 69.9668 15.2988 11.7228

Axis Equity Fund - Growth 12.38 05-Jan-2010 531.8 1.06 3.69 21.61 5.58 6.41 1.72 0.84 0.16 79.0094 5.8578 3.7594 11.3735

Morgan Stanley Growth Fund - Growth 65.08 18-Feb-1994 1331.44 -0.43 0.3 21.29 3.61 11.9 1.71 0.81 0.13 71.4773 22.4059 0.7455 5.3713

Franklin India Prima Fund - Growth 312.57 01-Dec-1993 786.1 0.38 -1.81 21.22 6.74 19.26 1.63 0.59 0.15 31.9826 54.418 5.2299 8.3695

EQUITY (Diversified)

BALANCED

INCOME FUND

Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 13/06/2013Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%

ULTRA SHORT TERM

SHORT TERM FUND

Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns

Due to their inherent short term nature, the following 2 categories have been sorted on the basis of 6month returns

Returns (%) Risk Market Cap (%)

Scheme Name NAV Launch AUM 3M 6M 1Y 3Y Since Std.Dev Jenson LARGE MID SMALL DEBT &

(`) Date (` Cr.) Launch CAP CAP CAP OTHER

ICICI Prudential Balanced - Growth 54.89 03-Nov-1999 447.50 -0.92 -0.05 14.52 9.52 13.32 1.22 0.05 42.43 21.77 2.34 33.46

FT India Balanced Fund - Growth 54.56 10-Dec-1999 212.45 1.22 1.15 13.83 6.09 13.37 1.27 0.04 52.79 18.83 1.26 27.12

Tata Balanced Fund - Plan A - Growth 95.48 08-Oct-1995 508.47 -0.80 -2.33 13.34 7.44 15.60 1.39 0.06 51.91 20.01 2.02 26.07

Birla Sun Life 95 - Growth 335.64 10-Feb-1995 575.99 -1.60 -1.38 12.32 5.88 21.10 1.41 0.02 52.24 15.86 0.72 31.18

Kotak Balance 18.42 25-Nov-1999 114.23 -0.59 1.11 11.73 6.01 15.16 1.27 0.03 54.87 9.70 0.47 34.96

UTI Balanced Fund - Growth 83.64 20-Jan-1995 943.25 -2.74 -3.23 10.47 3.69 15.89 1.28 -- 50.83 21.71 0.80 26.66

ING Balanced Fund - Growth 26.79 25-Apr-2000 117.27 -0.81 -0.70 10.16 3.81 7.79 1.39 -0.01 66.10 3.86 -- 30.04

Returns (%) RiskAverage Yield till

Scheme Name NAV Launch AUM Since Std. SharpeMaturity (Days) Maturity

1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.

Morgan Stanley Active Bond Fund - Reg - G 12.85 03-Jun-2009 203.36 -32.65 -12.62 13.58 20.15 15.31 8.41 6.43 22.98 0.32 2838.00 7.95

SBI Magnum Income Fund - Growth 30.41 25-Nov-1998 3018.90 -37.88 -15.39 11.34 17.59 14.72 10.30 7.89 19.08 0.42 3427.00 7.86

Birla Sun Life Income Plus - DAP 14.14 06-Mar-2009 2901.32 -43.60 -20.11 10.75 19.33 14.26 9.73 8.43 20.70 0.36 N.A 7.76

Birla Sun Life Income Plus - Growth 56.03 21-Oct-1995 2901.32 -43.59 -20.11 10.76 19.26 14.23 9.71 10.25 20.69 0.36 N.A 7.76

Templeton India IBA - Growth 41.60 23-Jun-1997 727.91 -21.23 -8.11 12.57 15.66 14.05 10.39 9.33 16.85 0.39 1905.00 8.56

Templeton India IBA - Plan B - Growth 41.60 23-Jun-1997 727.91 -21.23 -8.11 12.57 15.66 14.05 10.39 9.33 16.85 0.39 1905.00 8.56

IDFC SSIF - Invt. Plan - Plan F - Growth 13.25 16-Jul-2010 1238.43 -28.96 -11.40 8.21 16.59 13.95 N.A 10.15 16.41 0.41 2135.00 7.92

Annualised

Returns (%) Risk Average Yield tillScheme Name NAV Launch AUM Since Std. Sharpe Maturity (Days) Maturity

1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.

ICICI Prudential Dynamic Bond Fund - Reg - G 13.55 12-Jun-2009 428.03 -31.94 -10.37 4.00 15.37 12.21 9.37 7.88 14.11 0.36 2675.00 7.81

Birla Sun Life Medium Term Plan - G 14.31 25-Mar-2009 534.08 -3.50 23.28 21.63 13.69 12.28 10.10 8.85 9.26 0.56 N.A 10.63

Birla Sun Life Short Term Opportunities Fund - G 19.29 24-Apr-2003 401.53 -1.70 27.12 19.72 12.99 12.37 10.10 6.69 8.46 0.61 N.A 9.91

Birla Sun Life Dynamic Bond Fund - Ret - DAP 14.20 08-Apr-2009 14660.80 -14.53 -1.25 11.87 12.88 11.69 9.38 8.75 8.09 0.55 N.A 8.85

Birla Sun Life Dynamic Bond Fund - Ret - G 20.53 24-Sep-2004 14660.80 -14.54 -1.24 11.87 12.88 11.69 9.38 8.60 8.09 0.55 N.A 8.85

ICICI Prudential Blended - Plan B - Option I - G 18.07 31-May-2005 948.67 -23.96 -8.49 3.20 12.10 10.69 9.07 7.63 8.89 0.41 978.00 8.04

UTI Short Term Income Fund - Ret - G 20.90 23-Jun-2003 2280.04 -14.21 -2.85 3.78 11.65 11.20 9.51 7.66 7.54 0.53 1284.00 N.A

Annualised

Returns (%) Risk Average Yield tillScheme Name NAV Launch AUM Since Std. Sharpe Maturity (Days) Maturity

1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.

Templeton India Low Duration Fund - G 12.97 26-Jul-2010 2803.69 6.60 7.50 7.99 9.51 9.73 N.A 9.42 2.01 1.21 117.00 8.81

DWS Treasury Fund - Investment - Reg - G 13.26 09-Oct-2009 240.25 3.07 6.94 6.89 9.37 9.31 8.31 7.96 3.05 0.71 281.00 8.31

Indiabulls Ultra Short Term Fund - G 1146.32 06-Jan-2012 615.57 5.50 7.01 7.88 9.37 9.69 N.A 9.98 1.38 1.73 164.00 8.17

Kotak Floater - LT - Growth 19.04 13-Aug-2004 4289.57 5.21 6.99 7.72 9.26 9.46 8.83 7.56 1.81 1.21 255.00 8.45

DWS Money Plus Fund - Growth 16.47 14-Mar-2006 433.32 -4.27 2.33 5.78 9.18 9.22 7.07 7.12 4.20 0.49 551.00 8.40

IDFC Ultra Short Term Fund - Reg - G 16.61 17-Jan-2006 1157.07 6.88 7.90 8.31 9.14 9.49 9.22 7.09 2.24 1.08 91.00 8.50

Baroda Pioneer Treasury Advantage Fund - Reg - G 1353.42 24-Jun-2009 1148.30 5.74 6.77 7.22 9.10 9.24 8.93 7.92 1.62 1.28 124.00 8.36

Annualised

®

Page 19: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation

Mr. Subhash C Aggrawal (CMD, SMC Group) addressing the audience during National Summit on Arbitration in India organized by ASSOCHAM at New Delhi.

Employees' Wellness Camp organized at SMC Corporate office, New Delhi

Page 20: A Weekly Update from SMC 2013: Issue 375, Week: …...HAPPY FATHER’S DAY B r a n d s m c 1 9 7 2013: Issue 375, Week: 17th - 20th June A Weekly Update from SMC (For private circulation