They were everywhere at the Delhi Auto Expo this year — over 100 of them. The Chinese auto component makers recorded the biggest presence among all foreign automotive players in the event. With good reasons.
The Automotive Component Manufacturers Association of India (ACMA) says imports of components from China has registered a 97 per cent compounded annual growth rate over the past seven years. The reason why China is making inroads is simple: According to a report by research firm A T Kearney, the 12,000-odd auto parts companies in China are far more competitive than the 5,000-plus companies in India due to several factors, including lower wages, steel price, power tariffs and taxes.
Rajendra Kankaria, chairman, Uma Precision, says: “At least in precision components, there is no sign of any threat to Indian suppliers on the basis of quality. Precision components require special attention, as these form critical parts in any machine. Even in terms of cost, we match them or are even lower than them.”
Besides, vehicle makers in India – comprising cars, two-wheelers and commercial vehicle making companies – prefer steady and uninterrupted supply of parts that could help ramp up production in the shortest period of time, while not compromising on quality to avoid any lag period.
Michael Boneham, president and managing director, Ford India, says: “There is a significant cost advantage in India on components that is second to none. The understanding that we have with our local suppliers is much stronger and superior than we could have had with a Chinese counterpart. We will continue to source Indian parts even if the same parts are sold by Chinese companies at a lower cost.”
Similarly, Japanese auto major Nissan, which is establishing a new factory just outside Chennai, recently signed several supply contracts with Indian suppliers to gain from the low-cost advantage. The new facility will start production this month with the first product being the Micra small car.
A senior executive of the company says Indian suppliers are much more adept and easier to work with, as any alterations in design of the component can be made without much hassles.
Saturday, March 13, 2010
Friday, February 5, 2010
HOW TO AVOID LOSSES IN THIS UNCERTAIN & RISKY MARKET
Somehow our market has become very dependable on other markets inspite of the fact that our economy has strong fundamentals, great PSU and private banks, many of our companies have posted good quarterly results, govenment has given good industrial projections and yet we always look for clues from other markets, like a dancer who is not sure and watching other dancers' steppings, to perform for himself.
Luckily our market has the geographical advantage, that is
(i) Our market opens after American market closes
(ii) Our market opens only after other major Asian markets opens
(ii) Our market opens only after other major Asian markets opens
(iii) European market opens couple of hours before our market closes,
so we do get a direction from European markets that how our market will perform in the crucial closing hours. Therefore, we do get an idea of shape of things to happen in our market.
No body can teach you stock-marketing. One has to learn it himself from his experiences in the market.
Never think the other person is more intelligent than you to give you tips and kind enough to make you rich.
Don't participate in the market every day. Beginners should participate in trading only on clear days, that is, on full GREEN days, especially the US and other major Asian markets.These days there are no investors, there are only traders so market is also behaving exactly in the same way, so,never take any kind of trend for granted to last long, you never know what the next day has in store for you.
Never hope. Be practical. Buy when everybody is selling and sell when everybody is buying.
There are some stocks like Kwality Dairy, which perform well when market is down. Do invest in such stocks which have proven record of performing in volatile and negative market situations.
Saturday, January 23, 2010
RIL will Rock Soon..
Reliance Industries Ltd (RIL) is back to what it does best. After a gap of five quarters, India’s largest private sector company posted a 15.8 per cent increase in net profit during the quarter ended December 2009.
RIL’s net profit for the December 2009 quarter was Rs 4,008 crore, against Rs 3,462 crore in the corresponding quarter of last year.
“Both our key projects, namely, the new SEZ refinery and KG-D6 oil and gas development, have ramped up successfully and safely. Reliance is well poised to benefit from the improving global economic environment and domestic markets’ opportunities,” said Chairman and Managing Director Mukesh D Ambani.
The new refinery has operated more than 58,000 barrels per day on some days, with utilisation at 115 per cent for the quarter. Agarwal said GRM would improve in 2010. The first three weeks of January started well.
“Sequential increase in GRMs and gas sales has helped RIL post increase in profit. The company has posted results marginally above the Street’s expectation, though the petrochemical margins have reduced sequentially,” said Vinay Nair, senior analyst, Khandwala Securities.
The turnover of the company rose 92.31 per cent at Rs 56,856 crore, against Rs 29,564 crore in the corresponding period a year ago.
The revenue from refining grew nearly 142.8 per cent to Rs 48,000 crore, mainly due to the merger of the 580,000 barrels per day only-for-exports refinery of Reliance Petroleum. Income from the petrochemical business was Rs 2,055 crore, up by 24 per cent.
During the three-month period, revenue from the oil and gas segment, which includes exploration, development and production, more than tripled to Rs 3,530 crore against Rs 1,031 crore during the corresponding previous quarter.
The petrochemicals business saw a 16.9 per cent rise in revenue to Rs 14,756 crore. The company, which began production of natural gas from its KG-D6 facility in April 2009, has ramped up the production to over 60 million standard cubic metres per day (mscmd). During the quarter, RIL produced 337,000 tonnes of crude oil and 9,014 mscmd of natural gas from its eastern offshore KG-D6 field. RIL said 16 of the 18 wells of KG-D6 have commenced production; the other two are ready, too.
Reliance, which has made a bid to acquire Netherlands-based bankrupt petrochemicals firm LyondellBasell Industries, said it had outstanding debt of Rs 70,008 crore as on December 31, 2009, and cash reserve of Rs 15,959 crore.
RIL’s net profit for the December 2009 quarter was Rs 4,008 crore, against Rs 3,462 crore in the corresponding quarter of last year.
“Both our key projects, namely, the new SEZ refinery and KG-D6 oil and gas development, have ramped up successfully and safely. Reliance is well poised to benefit from the improving global economic environment and domestic markets’ opportunities,” said Chairman and Managing Director Mukesh D Ambani.
The new refinery has operated more than 58,000 barrels per day on some days, with utilisation at 115 per cent for the quarter. Agarwal said GRM would improve in 2010. The first three weeks of January started well.
“Sequential increase in GRMs and gas sales has helped RIL post increase in profit. The company has posted results marginally above the Street’s expectation, though the petrochemical margins have reduced sequentially,” said Vinay Nair, senior analyst, Khandwala Securities.
The turnover of the company rose 92.31 per cent at Rs 56,856 crore, against Rs 29,564 crore in the corresponding period a year ago.
The revenue from refining grew nearly 142.8 per cent to Rs 48,000 crore, mainly due to the merger of the 580,000 barrels per day only-for-exports refinery of Reliance Petroleum. Income from the petrochemical business was Rs 2,055 crore, up by 24 per cent.
During the three-month period, revenue from the oil and gas segment, which includes exploration, development and production, more than tripled to Rs 3,530 crore against Rs 1,031 crore during the corresponding previous quarter.
The petrochemicals business saw a 16.9 per cent rise in revenue to Rs 14,756 crore. The company, which began production of natural gas from its KG-D6 facility in April 2009, has ramped up the production to over 60 million standard cubic metres per day (mscmd). During the quarter, RIL produced 337,000 tonnes of crude oil and 9,014 mscmd of natural gas from its eastern offshore KG-D6 field. RIL said 16 of the 18 wells of KG-D6 have commenced production; the other two are ready, too.
Reliance, which has made a bid to acquire Netherlands-based bankrupt petrochemicals firm LyondellBasell Industries, said it had outstanding debt of Rs 70,008 crore as on December 31, 2009, and cash reserve of Rs 15,959 crore.
Sunday, January 3, 2010
Learn about Stock Market
This Post is from my another blog.
indianstock-forexupdate.blogspot.com
Market ends at positive of last 20 month. So many of my frineds wanted to know about stock market so this might be useful for them.
Stock Market:
First you have to understand what is stock market. If you are not knowing any thing, then before investing, observe market for few days. Monitor every up down movements. Make a list of some stocks and observe chart regularly. After that you will be able to understand when to invest.
Entry and Exit:
This is most important. Believe me, I lost my profit so many times because of my mistake in past. Entry and Exit timings are most important in stock market. Always enter the market or in any stock at lower level. And exit at higher level. Now if you buy something and market crashes, thn just hold for some time. Never exit at lower level. Because if you will exit, market will go up and you will buy same stock again at higher levels.
Support and Resistance:
Always look for Support and Resistance levels. Support levels are lower levels which holds stock price at lower level. And resistance is higher levels which dont allow prices to go high.
How to know Support and Resistance??
Observe stock for some days. These levels can easily identified. Lets take an example of Tata Steel. From So many days, if you observe daily chart, it goes up to 585 and can not go higher than that. After some days it goes up yo 550 but stop going down from this level. This process repeated so many times. It goes at 585 for 3-4 times and 550 at 2-3 times. So in this case 550 is Support and 585 is Resistance.
When to Enter and Exit??
Enter at Support level and Exit at resistance. If Support is broken then it may go further down. So exit immidiate in such case if you can not hold for long time. And exit at Resistance level. If you have hope about breaking resistance then also must book partial profit. If it will break this level, then it will go higher.
Like in above example, Tata steel had broken that resistance so now its price is 615. Now new support level is 600 and new Resistance is 625 so book profit at 625 and again enter at 600 level. That should be strategy.
indianstock-forexupdate.blogspot.com
Market ends at positive of last 20 month. So many of my frineds wanted to know about stock market so this might be useful for them.
Stock Market:
First you have to understand what is stock market. If you are not knowing any thing, then before investing, observe market for few days. Monitor every up down movements. Make a list of some stocks and observe chart regularly. After that you will be able to understand when to invest.
Entry and Exit:
This is most important. Believe me, I lost my profit so many times because of my mistake in past. Entry and Exit timings are most important in stock market. Always enter the market or in any stock at lower level. And exit at higher level. Now if you buy something and market crashes, thn just hold for some time. Never exit at lower level. Because if you will exit, market will go up and you will buy same stock again at higher levels.
Support and Resistance:
Always look for Support and Resistance levels. Support levels are lower levels which holds stock price at lower level. And resistance is higher levels which dont allow prices to go high.
How to know Support and Resistance??
Observe stock for some days. These levels can easily identified. Lets take an example of Tata Steel. From So many days, if you observe daily chart, it goes up to 585 and can not go higher than that. After some days it goes up yo 550 but stop going down from this level. This process repeated so many times. It goes at 585 for 3-4 times and 550 at 2-3 times. So in this case 550 is Support and 585 is Resistance.
When to Enter and Exit??
Enter at Support level and Exit at resistance. If Support is broken then it may go further down. So exit immidiate in such case if you can not hold for long time. And exit at Resistance level. If you have hope about breaking resistance then also must book partial profit. If it will break this level, then it will go higher.
Like in above example, Tata steel had broken that resistance so now its price is 615. Now new support level is 600 and new Resistance is 625 so book profit at 625 and again enter at 600 level. That should be strategy.
Saturday, January 2, 2010
Indian Stock Market Rocked in 2009
The Indian stock markets clocked their best-ever annual performance in 2009. The benchmark Bombay Stock Exchange Sensitive Index, or the BSE Sensex, logged an 81.03 per cent rise, the fourth best globally. Only Sri Lanka (125 per cent), Indonesia’s Jakarta Composite (87 per cent) and Brazil’s Bovespa (82 per cent) fared better. The Sensex just managed to pip the Shanghai Composite Index, which rose 80 per cent. For the Sensex, which rose 7,817 points to close at 17,465, the previous high in terms of returns was in 2003
The National Stock Exchange’s Nifty also had a record year. It rose 75.76 per cent, or 2,242 points, to close at 5,201.
On the last day of the year, the markets closed at their highest in nearly 20 months. The surge, which began in March, marked a turnaround from a record fall of 52 per cent in 2008.
The rise was driven by portfolio inflows, estimated at $17.46 billion during 2009, just $320 million short of the 2007 record of $17.78 billion.
The sentiments of foreign institutional investors were buoyed after the election verdict in May. Even deficient rains did not deter investors searching for higher yields in a world where liquidity was not an issue
The National Stock Exchange’s Nifty also had a record year. It rose 75.76 per cent, or 2,242 points, to close at 5,201.
On the last day of the year, the markets closed at their highest in nearly 20 months. The surge, which began in March, marked a turnaround from a record fall of 52 per cent in 2008.
The rise was driven by portfolio inflows, estimated at $17.46 billion during 2009, just $320 million short of the 2007 record of $17.78 billion.
The sentiments of foreign institutional investors were buoyed after the election verdict in May. Even deficient rains did not deter investors searching for higher yields in a world where liquidity was not an issue
Wednesday, December 23, 2009
What a day....
He he he.......
I was hoping that Market will break resistance of 5003. But what a day...
After opening with a marginal positive gap, the markets surged on the back of strong cues from the global markets. The Finance Minister's comments - on GDP growth forecast and continuation of the stimulus till Budget - fimed up markets further. The Sensex soared over 500 points to regain the 17,000 level after six trading days
The Sensex finally ended with a huge gain of 539 points (3%) at 17,231.
The Nifty surged 159 points to 5,145.
The Finance Minister reiterated that the economy's growth will be at the earlier projected rate of 7.75%.
Global cues also gave a fillip to the Indian bourses. US markets rallied on Tuesday as a better-than-expected home sales data was reported. Asian markets also ended in the green today.
All sectoral indices were in the green as the metal index shone. The index jumped 4% to 17,075. Oil & gas, power, IT and capital goods gained over 3% each.
Reliance was the star performer in trades today and surged 4.6% to Rs 1,066. Other heavyweight - Infosys, ICICI Bank and Larsen & Toubro rallied 3-4% each.
Metal stocks shone. Hindalco soared 8% to Rs 153. Sterlite surged 5% to Rs 847. Tata Steel added 4.5% to Rs 603.
PSU stock NTPC advanced 7% to Rs 230. Relaty stocks - Jaiprakash Associates, Reliance Infrastructure and DLF jumped.
Other gainers included BHEL, Mahindra & Mahindra, HDFC, Tata Motors, TCS and ITC. Reliance Communications, SBI, Wipro, Grasim, Maruti Suzuki and ONGC moved up 1-2% each.
The BSE market breadth was positive. Out of 2,922 stocks traded 1,902 advanced while 927 declined.
I was hoping that Market will break resistance of 5003. But what a day...
After opening with a marginal positive gap, the markets surged on the back of strong cues from the global markets. The Finance Minister's comments - on GDP growth forecast and continuation of the stimulus till Budget - fimed up markets further. The Sensex soared over 500 points to regain the 17,000 level after six trading days
The Sensex finally ended with a huge gain of 539 points (3%) at 17,231.
The Nifty surged 159 points to 5,145.
The Finance Minister reiterated that the economy's growth will be at the earlier projected rate of 7.75%.
Global cues also gave a fillip to the Indian bourses. US markets rallied on Tuesday as a better-than-expected home sales data was reported. Asian markets also ended in the green today.
All sectoral indices were in the green as the metal index shone. The index jumped 4% to 17,075. Oil & gas, power, IT and capital goods gained over 3% each.
Reliance was the star performer in trades today and surged 4.6% to Rs 1,066. Other heavyweight - Infosys, ICICI Bank and Larsen & Toubro rallied 3-4% each.
Metal stocks shone. Hindalco soared 8% to Rs 153. Sterlite surged 5% to Rs 847. Tata Steel added 4.5% to Rs 603.
PSU stock NTPC advanced 7% to Rs 230. Relaty stocks - Jaiprakash Associates, Reliance Infrastructure and DLF jumped.
Other gainers included BHEL, Mahindra & Mahindra, HDFC, Tata Motors, TCS and ITC. Reliance Communications, SBI, Wipro, Grasim, Maruti Suzuki and ONGC moved up 1-2% each.
The BSE market breadth was positive. Out of 2,922 stocks traded 1,902 advanced while 927 declined.
Tuesday, December 22, 2009
Again On Positve Note
After a loss in last week, this week may go up with the help of good globel cues. Today Nifty was gap up by 30 points and as expected, there is a big resistance at 5000 and nifty failed to cross that. But the resistance at 4980 was broken in opening bell only. So now its being a good support level.
Yesterday night, US market shows some good recovery. S&P touched its 2009 high and Asia was also going good so positive opening was expected. Now Europe markets are closed 0.5% up and US is again in Green. Today opened in good note again. Its trading good. Future was closed in green earlier today. So we may expect 5003 resistance to be broken in opening bell tomorrow. Lets hope for the best
Yesterday night, US market shows some good recovery. S&P touched its 2009 high and Asia was also going good so positive opening was expected. Now Europe markets are closed 0.5% up and US is again in Green. Today opened in good note again. Its trading good. Future was closed in green earlier today. So we may expect 5003 resistance to be broken in opening bell tomorrow. Lets hope for the best
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