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CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors.we provide intraday as well as delivery stock tips in NSE and BSEand commodity tips in MCX and NCDEX. Read More

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In this service we provide 3-4 intraday calls in MCX with a high level of accuracy. The calls are given in Precious Metals, Base Metals and Energies. You can also avail Free Tips for two days to test our accuracy and if satisfied you can join the services with Capital Stars. Read More

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We provide you around 1-2 nifty calls, Bank Nifty Futures, nifty futures tips, sgx nifty tips Daily. You can gain more profit, Get 2 days free trial calls. Read More

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CapitalStars provides Free Trial in Intraday as well as in Positional Services of Equity, Derivatives, and Commodities and Forex Markets. We provide recommendations in NSE, BSE, MCX, NCDEX, and MCX-SX etc. We render you enough entry and exit time in our calls so clients can easily maximize their profits. Read More

Thursday, 22 June 2017

Adani Group’s NBFC arm invests Rs 50 crore PRA Realty : 22 June 2017



The NBFC arm of Adani Group, Adani Capital will invest Rs 50 crore in PRA Realty’s projects in Pune.

Adani Capital has partnered with PRA Realty to provide capital for its project in Pune, the company said in a statement. This investment will be utilised towards the development of a mixed-use project.

With a focus on wholesale and retail lending, Adani Group has entered into the financial services business.

PRA Realty, promoted by Rustom Bharucha has close to 5 million sq ft currently under development and has delivered over 1 million sq ft. It is one of the fastest growing real estate developers in Pune.

Adani Group stocks on the NSE such as Adani Enterprises, Adani Power and Adani Port & SEZ were trading higher by upto 0.66% at around 0959 hours.

Stock view:

Adani Enterprises Ltd is currently trading at Rs 131.95, up by Rs 0.05 or 0.04% from its previous closing of Rs 131.9 on the BSE.

The scrip opened at Rs 132.9 and has touched a high and low of Rs 132.9 and Rs 131.3 respectively. So far 868698(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 14506.36 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 160.6 on 18-Apr-2017 and a 52 week low of Rs 58.35 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 133.85 and Rs 129.45 respectively.

The promoters holding in the company stood at 74.92 % while Institutions and Non-Institutions held 20.96 % and 4.12 % respectively.

The stock is currently trading above its 50 DMA.


Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Markets may see flat start; SGX Nifty up 5 pts @9667 : 22 June 2017

Equity Market Outlook

Indian Indices:

Indian shares are likely to witness flat trade in morning deals as the global markets look subdued with SGX Nifty trading 5 points higher @9667
Indian equities are likely to open flat with negative bias on Thursday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trend from global markets.

Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,666.00, up by 04.00 points or 0.04 per cent, at 10:54 AM Singapore time, also signaled a flat opening for local bourses.On Wednesday, the Indian equities ended in negative terrain for the second straight session, tracking weak cues from Asian peers and slump in crude oil prices, as investors remained wary ahead of the release of minutes of a policy meet held by the Reserve Bank earlier this month.

On the economy front, RBI policy minutes showed that five of the six members had voted in favour of status quo on rates, citing risks to inflation.
RBI's Monetary Policy Committee (MPC), which met on June 6-7, revealed that it was for the first time that the decision of the MPC, constituted last September, was not unanimous as Ravindra Dholakia had pitched for a 50 basis point cut in the repo rate, saying several noteworthy developments recently on prices and output fronts warrant a decisive policy action.

Global Market:

Asian markets were trading mixed, with Hang Seng and Shanghai were up, while Nikkei was marginally down, as rebound in crude prices ease investor sentiment which slipped to 10-month low in overnight trade which dragged US and European markets.

U.S. financial regulators could ease rules that keep taxpayer-backed banks out of some risky investments, according to testimony released on Wednesday ahead of a Senate hearing.

In the overnight trade, Wall Street ended mostly lower, dragged by decline in bank and energy stocks, as investors weighed persistent slump in oil prices.

Major Headlines of the day:

• Tata Trent raises Rs 100 crore to refinance upcoming repayments.
• USFDA audit finds no flaws in Cadila Healthcare Moraiya unit.
• GTPL Hathway IPO subscribed 27% on Day 1.
• CDSL's Rs 524-cr IPO a massive hit; gets oversubscribed 169 times.
• SBI ETF pips HDFC Equity to become country's largest equity scheme.

Trend in FII flows: The FIIs were net buyers of Rs -152.82 the cash segment on Wednesday while the DIIs were net sellers of Rs -41.39 as per the provisional figures.

Securities in Ban For Trade Date 22-JUN-2017:

1.ALBK
2.BANKINDIA
3.BEML
4.HDIL
5.IBREALEST
7.IFCI
9.INFIBEAM
10.JPASSOCIAT
11.KSCL
12.ORIENTBANK
13.RCOM
14.WOCKPHARMA


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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL : 22 June 2017

CS OPENING BELL

NIFTY SPOT UP 30 @9665
SENSEX UP 115@31400
BANK NIFTY FUTURES UP 30 @23765

CS NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES2: 9725
 RES 1:9675
SUP1:9615
SUP2:9575

CS BANK NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES 2: 23875
RES 1:23795
SUP1:23575
SUP2: 23475

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Wednesday, 21 June 2017

IPO round up: Eris Lifesciences IPO garners 3 times subscription : 21 June 2017



The Rs 1,740-crore initial public offering (IPO) of Eris Lifesciences was subscribed 3.3 times on Tuesday, the last day of the issue.  The 16-million share offering had received bids for 52.3 million shares, according to stock exchanges’ data. The institutional and retail portion of the IPO was subscribed 4.7 times and 3.5 times, respectively. The high net worth individual (HNI) segment garnered only 45 percent subscription. The price band for the IPO was Rs 600-603 per share. Eris Lifesciences is an Ahmedabad-based specialty pharmaceuticals company with special focus on lifestyle-related therapeutic areas, including cardiovascular and anti-diabetics. The IPO entirely comprises of a secondary share sale by the promoter group entities. 

The Rs 525-crore initial public offering (IPO) of Central Depository Services (CDSL) was subscribed eight times on Tuesday, a day before its close. The retail and institutional investor portions of the issue were subscribed 6.5 times and 10.3 times, respectively, and the high net worth individual portion was subscribed 3.3 times. The IPO has so far received bids for 187 million shares for the 24.8 million shares on offer. The depository firm’s IPO closes on Wednesday. The price band for the issue is Rs 145-149 per share. The IPO entirely comprises of secondary share sale 
with existing shareholders BSE, State Bank of India, Bank of Baroda and the Calcutta Stock Exchange selling their 26 per cent, 4.57 per cent, 2.08 per cent and 0.96 per cent stake, respectively.

Cable and broadband company GTPL Hathway on Tuesday allotted 8.55 million shares to raise Rs 145 crore from anchor investors. The allotment was made at Rs 170 per share, the top end of the price band.  The investors who got anchor allotment include Acacia Banyan Partners, Government Pension Fund Global, BNP Paribas Equity Fund, and DB International Asia. The price band fixed for the issue is Rs 167-170 per share. The IPO opens on Wednesday and closes on Friday. In the IPO, GTPL Hathway is planning to raise Rs 240 crore by issuing fresh shares. The offering will also comprise an offer for sale to the tune of Rs 250 crore by the existing investors.


Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Gapdown start seen with SGX Nifty bleeding red : 21 June 2017

Equity Market Outlook

Indian Indices:

Indian shares are likely to witness a bearish trade in morning deals as the global markets look subduded with SGX Nifty trading 37 points lower @9636.50
Indian equities are likely to open lower on Wednesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and negative trend from global markets.

Bearish trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,645.00, down by 28.50 points or 0.30 per cent, at 10:54 AM Singapore time, also signaled a negative opening for local bourses. In absence of any major development on the global front, market may take cues from progress of monsoons and the country's preparedness for GST as government is all set to roll out GST with effective from mid night of June 30, 2017

The 30-share barometer SENSEX closed at 31297.53, down by 14.04 points or by 0.04 per cent, and the NSE Nifty ended at 9653.5, down by 4.05 points or by 0.04 per cent. Tata Group companies hogged the limelight with Tata Motors, Tata Steel, Nelco, Tata Power Company, Titan Company and Tata Sponge Iron rallied between 2 per cent to 20 per cent on slew of developments.

Global Market:

Asian markets retreated on Wednesday as crude oil slips on supply glut concerns, while investors also weighed inclusion of China A-shares in the MSCI Emerging Markets Index.

A renewed slump in oil prices to seven-month lows put Asian investors on edge on Wednesday, overshadowing a decision by U.S. index provider MSCI to add mainland Chinese stocks to one of its popular benchmarks.

In the overnight trade, Wall Street ended lower in volatile trade as energy linked stocks fell on renewed slump in oil prices.

Major Headlines of the day:

• L&T bags 50Mw solar project from NHPC.
• Ashok Leyland bets on fully built trucks to boost top line.
• Piramal Enterprises to raise up to Rs 125 cr via non-convertible debentures.

Trend in FII flows: The FIIs were net buyers of Rs -312.84 the cash segment on Tuesday while the DIIs were net sellers of Rs 477.13 as per the provisional figures.

Securities in Ban For Trade Date 21-JUN-2017:

1.ALBK
2.BANKINDIA
3.BEML
4.DLF
5.HDIL
6.IBREALEST
7.IFCI
8.INFIBEAM
9.JPASSOCIAT
10KSCL
11.ORIENTBANK
12.RCOM
13.WOCKPHARMA



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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL : 21 June 2017

CS OPENING BELL

NIFTY SPOT DOWN 28 @9625
SENSEX DOWN 57 @31235
BANK NIFTY FUTURES DOWN 68 @23625

CS NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES2: 9755
RES 1:9705
SUP1:9650
SUP2:9575

CS BANK NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES 2: 23875
RES 1:23795
SUP1:23575
SUP2: 23475


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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Tuesday, 20 June 2017

SpiceJet hits new high on signing pact with Boeing for 40 737 Max airplanes : 20 June 2017


SpiceJet hit a new high of Rs 128, up 2.4% on the BSE, after the company and Boeing on Monday signed a memorandum of understanding for 40 737 MAX airplanes.

“The agreement, valued at approximately $4.74 billion at current list prices, is split evenly between 20 new orders for the 737 MAX 10 and conversions of 20 of the low-cost carrier’s 737 MAX 8 airplanes of its current order to 737 MAX 10s,” SpiceJet said in a press release.

“With the introduction of our 737 MAXs next year, we will be able to further expand our network, while keeping our costs low for our customers,” said Ajay Singh, Chairman, and Managing Director, SpiceJet.

The company said the 737 MAX 10 will be the most profitable single-aisle airplane, offering the lowest seat costs ever.

“We maintain our view that yields will harden for SpiceJet going forward, albeit at a slower pace, owing to greater capacity addition by Indigo. 

However, the recent correction in crude prices, along with a stronger rupee, could result in cost tailwinds boosting profitability. The launch of flights under UDAN (Ude Desh Ka Aam Naagrik) is expected to further boost growth over time,” analyst at HDFC Securities said in results review.

Thus far in the calendar year 2017, the stock has outperformed the market by surging 120% as compared to 17% rise in the S&P BSE Sensex. Around 1.7 million shares changed hands on the counter so far against an average 4.43 million shares were traded daily in past two weeks on BSE.


Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Sensex, Nifty extend gains in opening; Tata Motors, Infosys gainers : 20 June 2017

Equity Market Outlook

Indian Indices:

Equity benchmarks extended gains in opening despite mixed Asian cues on Tuesday. The Indian rupee opened marginally lower at 64.48 per dollar against previous close of 64.43.Sensex, Nifty extend gains in opening; Tata Motors, Infosys gainers. The BSE Sensex opened higher by 81 points at 31392, while the Nifty50 opened higher by 13 points at the 9670 mark.Nifty50 index now has immediate resistance placed around the level of 9,685, and if it holds above this level, it may extend its upmove up to the levels of 9,710-9,750. On the downside, supports are seen at 9,620 and 9,580.

ICICI Bank was the top Nifty gainer while Lupin was the top Nifty loser on the opening bell on Tuesday. ICICI Bank was trading higher by 2.01% at Rs 295 per share and Lupin was trading lower by 0.9% at Rs 1121 per share. Tata Power, Tata Motors, Infosys, Tata Motors DVR, ICICI Bank, L&T and Bharti Infratel were strong in early trade whereas TCS, Axis Bank, Kotak Mahindra Bank, Lupin, Bajaj Auto and SBI were losers.

There were 872 advances, 543 declines and 484 unchanged stocks on NSE reflecting fairly positive bias floating in the market. The 30-share BSE Sensex was up 34.09 points at 31,345.66 and the 50-share NSE Nifty rose 9.10 points to 9,666.65 amid consolidation. Equity benchmarks extended gains in opening despite mixed Asian cues on Tuesday.

Global Market:

Asian indexes trekked higher in early Tuesday trade as the dollar strengthened following comments from Federal Reserve officials over future interest rate hikes stateside.

US stocks rose on Monday, with the S&P 500 and the Dow hitting record highs with growth sectors such as technology in favour again as investors appeared to regain confidence in the economy after upbeat comments from Federal Reserve officials.

Major Headlines of the day:

• SpiceJet-Signs MOU with Boeing for 40 737 MAX airplanes, valued at USD 4.7 billion,737 Max will be the most profitable single aisle plane.
• Fortis Healthcare-SES opposes Fortis's proposal to raise FII limit, IHH set to close deal for Fortis, SRL Fortis stake sale case.
• Vedanta-Depositing Cairn Energy's Rs 670 crore with tax department. Rs 670 crore of divided due to Cairn Energy was with company.

Trend in FII flows: The FIIs were net buyers of Rs -250.39 the cash segment on Monday while the DIIs were net sellers of Rs 529 as per the provisional figures.

Securities in Ban For Trade Date 20-JUN-2017:

1.ALBK
2.BANKINDIA
3.BEML
4.DLF
5.HDIL
6.IBREALEST
7.INFIBEAM
8.JPASSOCIAT
9.KSCL
10.ORIENTBANK
11.RCOM
12.WOCKPHARMA


Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL: 20 June 2017

CS OPENING BELL

NIFTY SPOT UP 4@9678
SENSEX UP 45@31358
BANK NIFTY FUTURES UP 30 @23729

CS NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES2: 9755
RES 1:9705
SUP1:9650
SUP2:9575

CS BANK NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES 2: 23875
RES 1:23795
SUP1:23575
SUP2: 23475

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Monday, 19 June 2017

L&T gains on order win of Rs 2,231 crore : 19 June 2017


Larsen & Toubro (L&T) was up 1.4% to Rs 1,752 on the BSE in early morning trade after the company said its construction arm has won orders worth  Rs 2,231 crore across various business segments.

The company’s building & factories business has bagged a turnkey order worth  Rs 1,324 crore from Andhra Pradesh Township Infrastructure Development Corporation, for the construction of residential buildings in the West Godavari District of Andhra Pradesh.

The project is the part of the Pradhan Mantri Awas Yojana (PMAY) scheme and consists of residential tenements for the economically weaker section.

The company’s power transmission & distribution (PT&D) business segment has been secured a transmission line order worth of Rs 540 crore from the Power Grid Corporation of India.

The water & effluent treatment business has won order worth of Rs 367 crore from Tamil Nadu Water Supply & Drainage Board to execute a dedicated water supply project for Erode Corporation.


Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

Get more details here:-

* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Sensex rebounds 150 pts, Nifty opens above 9600; Tata Steel up 2% : 19 June 2017


Equity Market Outlook

Indian Indices:

Equity benchmarks started off the week on a positive note after seeing consolidation in previous two weeks, backed by positive Asian cues. The market breadth was strong as about three shares advanced for every share falling on the BSE. The BSE Sensex opened at 31,168 up by 112 points, while the Nifty50 opened up by 38 points at 9,626 mark. Nifty50 index has immediate support placed around the level of 9,550 and if it holds below this level, further corrections up to the level of 9,520 is likely. On the upside, Nifty50 may face resistance around the levels of 9,640-9,650 and if it holds above 9,640-9,650, it may extend its upmove up to the level of 9,700.

Jayant Agro, Indian Hotels, Hume Pipe, Ujjivan Financial and Cadila Healthcare gained 2-4 percent while Amtek Auto, Videocon Industries and Lanco Infratech fell 4-6 percent. Dredging Corporation surged 4 percent on stake sale buzz while Hathway Cable gained 7 percent ahead of its subsidiary IPO launch. Bajaj Auto is the top Nifty gainer and Infosys is the top Nifty loser in the morning hours. Bajaj Auto is trading at Rs 2862.15 per share up by 1.86% whereas Infosys is trading at Rs 934.30 per share, down by 0.63%.

The 30-share BSE Sensex was up 126.50 points at 31,182.90 and the 50-share NSE Nifty rose 33.70 points to 9,621.75 while the broader markets gained half a percent. There are 973 advances, 392 declines and 446 unchanged stocks on NSE reflecting some positive bias floating in the market.

Global Market:

Asian markets mixed: Stock markets in the rest of Asia traded mixed this morning, as investors geared up for the Brexit negotiations between the UK and the European Union, and reports of fresh terror attacks in London and Mali.

The US stocks closed mixed on Friday. The Dow closed at record levels while the Nasdaq closed lower. The Dow Jones Industrial Average finished up 24 points at a record 21,384. The Nasdaq Composite Index closed down 14 points at 6,152. The S&P 500 index finished at 2,433

Major Headlines of the day:

Dr Reddy's Labs' Form 483 issued with one observation by US FDA at Srikakulam plant (SEZ) unit I
Asian Paints-Enters share purchase agreement with Ansa Coatings International, Agreement to divest entire stake in Lewis Berger (overseas holdings)
• Bharat Financial assigns pool of receivables of an aggregate value of Rs 539.67 crore to one of the largest public sector banks on a direct assignment basis

Trend in FII flows: The FIIs were net buyers of Rs -764.48 the cash segment on Friday while the DIIs were net sellers of Rs 890.91 as per the provisional figures.

Securities in Ban For Trade Date 19-JUN-2017:

1.ALBK
2.BANKINDIA
3.BEML
4.DLF
5.INFIBEAM
6.JPASSOCIAT
7.KSCL
8.ORIENTBANK
9.RCOM
10.UJJIVAN


Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL : 19 June 2017

CS OPENING BELL

NIFTY SPOT UP 44 @9632
SENSEX UP 172 @31225
BANK NIFTY FUTURES UP 72@23532

CS NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES2:9675
 RES 1:9655
SUP1:9585
SUP2:9565

CS BANK NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES 2: 23525
RES 1:23475
SUP1:23275
SUP2: 23175

Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

Get more details here:-

* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Saturday, 17 June 2017

Aadhaar must for opening bank accounts, transactions of Rs 50,000 and above - 17 Jun 2017


The government on Friday made the Aadhaar card mandatory for opening bank accounts and for financial transactions of Rs 50,000 and above.

Existing bank account holders have been asked to submit the Aadhaar number issued by the Unique Identification Authority of India (Uidai) by December 31, 2017, failing which the account will be declared invalid, according to a revenue department notification.

The government in Budget 2017 had also mandated seeding the Aadhaar number with the Permanent Account Number (PAN) to avoid individuals using multiple PANs to evade taxes. The notification amending the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, mandated quoting 
Aadhaar along with PAN or Form 60 by individuals, companies and partnership firms for all financial transactions of Rs 50,000 or above. Tightening the rules for small accounts, which can be opened without having valid Know Your Customer documents, the amendment said such accounts, which can have a maximum deposit of Rs 50,000, could be opened only at branches with core banking solution.  

It can also be opened at a branch where it is possible to manually monitor and ensure that foreign remittance are not credited to such account and stipulated limits on monthly and annual aggregate of transactions and balance are not breached, the amended the Prevention of Money Laundering Act (PMLA) rules stated.

Such small account shall remain operational initially for a period of 12 months and thereafter for a similar period if the account holder provides evidence that he or she has applied for officially valid identification documents.

“The small account shall be monitored and when there is a suspicion of money laundering or financing of terrorism or other high risk scenarios, the identity of claim shall be established through the production of official valid documents,” it said.

The amendment makes it mandatory for individuals, companies and partnership firms to quote Aadhaar along with PAN or Form 60 for all financial transactions of Rs 50,000 or above with effect from June 1.

After June 1, if a person does not have an Aadhaar number at the time of opening of account, then he has to furnish proof of application of enrolment for Aadhaar and submit the number to the bank within six months of opening of the bank account.

“In case the client, eligible to be enrolled for Aadhaar and obtain a PAN... does not submit the Aadhaar number or the PAN at the time of commencement of an account-based relationship with a reporting entity, the client shall submit the same within a period of 6 months from the date of the commencement of the account based relationship.

“Provided that the clients... already having an account-based relationship with reporting entities prior to date of this notification, the client shall submit the Aadhaar number and PAN by December 31, 2017,” the notification said.

So far, according to PMLA rules, it was mandatory to provide PAN number or Form 60 to banks while opening of accounts or for high-value transactions. For companies opening bank accounts, Aadhaar number of managers, or employees holding an attorney to transact on the company’s behalf will have to be provided.


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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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Sandeep Dadlani quits Infosys: It's only a temporary setback, say analysts - 17 Jun 2017



Problems, it seems, have a way of finding Infosys. Just when the company was coming out of the speculation that its promoters, including N R Narayana Murthy, plan to cut their stake in the company, its Americas head and global head of manufacturing and retail, Sandeep Dadlani, put in his papers.

Infosys was quick to find replacements and named Karmesh Vaswani as the Global Head for Retail, CPG & Logistics (RCL) and Nitesh Banga as the Global Head of Manufacturing.

The exit, post brief stability in the company’s higher management, analysts say, comes as a surprise as Dadlani had been recently handed additional responsibility of generating additional business from the company’s new software solutions, including the artificial intelligence (AI) platform Nia.

“Mr. Dadlani was an integral part of Infosys for the past 16-plus years and his exit is clearly a setback given his strategic portfolio holding and the current headwinds in the IT sector,” point out Sandip Agarwal and Pranav Kshatriya of Edelweiss Research in a note.

The market reaction to the development, however, has been lukewarm. The stock dipped 0.6% to Rs 946 levels at 12:30pm. It hit a high of Rs 953 and a low of Rs 940 in intra-day deals. That’s because markets expect Infosys to bounce back from this setback, which they feel is temporary.

“With the Indian IT industry undergoing transition, we believe stability within senior leadership is crucial. While Mr. Dadlani’s exit may hamper short?term momentum in manufacturing and the already struggling CPG verticals, we believe lateral promotions of Mr. Vaswani and Mr. Banga along with assistance of other senior executives, will help Infosys tide over the exit,” the Edelweiss research note says.

Meanwhile, reports suggest that Infosys may not be able to achieve its ambitious target of $20 billion in revenues by the year 2020 amid a challenging business environment that has seen the IT industry lay of hundreds of employees over the last few months. 

Infosys, while announcing its Q4FY17 results, had also made changes to its capital allocation policy. Starting FY18, it plans to use 70% of its free cash flows for paying dividends or buying back shares. That apart, the Board decided to pay Rs 13,000 crore to shareholders by way of dividend or buyback during FY18, subject to necessary approvals.

Going ahead analysts at Jefferies feel that news on promoters potentially selling stakes and pricing pressure have added to the negative sentiment. 

The promoter group together holds 12.75% and despite the denial this will remain an overhang, they say.

The company has clarified that it is not seeing any pressure on rate cards and that clients asking for a 20-30% cost takeout over three - five year duration of the contract has been the norm over the past few years during renewal.

"Expectations of 7-8% revenue growth for FY18E are well set and carry low probability of further disappointments, in our view. Our 12-month price target of Rs 1,100 is based on 15x multiple applied to FY19E EPS. Revenue guidance has set growth expectations with Infosys being best placed of digital versus peers. Maintain a buy rating. Weak macro, higher competition, stronger rupee, however, are key risks," points out Vaibhav Dhasmana of Jefferies in a recent note.

Edelweiss, too, maintains a buy rating on the stock with a price target of Rs 1,173.


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