Hyderabad Wealth Management：Squads for India’s tour of South Africa & Border-Gavaskar Trophy announced

Squads for India’s tour of South Africa & Border-Gavaskar Trophy announced

MEDIA ADVISORYHyderabad Wealth Management

25th October, 2024

Squads for India’s tour of South Africa & Border-Gavaskar Trophy announced

The Men’s Selection Committee on Friday announced the squads for India’s tour of South Africa and the Border-Gavaskar Trophy in Australia.

India’s T20I squad is set to play a 4-match T20I series against South Africa and will play their first T20I in Durban on 8th November.

India’s squad for 4 T20Is against South Africa: Suryakumar Yadav (C), Abhishek Sharma, Sanju Samson (WK), Rinku Singh, Tilak Varma, Jitesh Sharma (WK), Hardik Pandya, Axar Patel, Ramandeep Singh, Varun Chakaravarthy, Ravi Bishnoi, Arshdeep Singh, Vijaykumar Vyshak, Avesh Khan, Yash Dayal.

Notes:

1) Mayank Yadav and Shivam Dube were unavailable for selection owing to injuries.

2) Riyan Parag was unavailable for selection and is currently at the BCCI Centre of Excellence for long term resolution of his chronic right shoulder injury.

India’s Tour of South Africa I 2024

S. No.

Friday

08-Nov-24

1st T20I

Durban

Sunday

10-Nov-24

2nd T20I

Gqeberha

Wednesday

13-Nov-24

3rd T20I

Centurion

Friday

15-Nov-24

4th T20I

Johannesburg

After the completion of the 3-match Test series against New Zealand, India are set to play a 5-match Test series in Australia, part of the Border-Gavaskar Trophy starting 22nd November in Perth.

India’s squad for the Border-Gavaskar Trophy: Rohit Sharma (C), Jasprit Bumrah (VC), Yashasvi Jaiswal, Abhimanyu Easwaran, Shubman Gill, Virat Kohli, KL Rahul, Rishabh Pant (WK), Sarfaraz Khan, Dhruv Jurel (WK), R Ashwin, R Jadeja, Mohd. Siraj, Akash Deep, Prasidh Krishna, Harshit Rana, Nitish Kumar Reddy, Washington Sundar.New Delhi Investment

Reserves: Mukesh Kumar, Navdeep Saini, Khaleel Ahmed

Note: Kuldeep Yadav was unavailable for selection for the tour of Australia since he has been referred to the BCCI Centre of Excellence after the end of the ongoing Test series against New Zealand for long term resolution of his chronic left groin issue.

Border Gavaskar Trophy I 2024-25

S. No.

Date (From)

Date (To)

Friday

22-Nov-24

Tuesday

26-Nov-24

1st Test

Perth Stadium, Perth

Friday

06-Dec-24

Tuesday

10-Dec-24

2nd Test (D/N)Chennai Stock

Adelaide Oval

Saturday

14-Dec-24

WednesdayBangalore Wealth Management

18-Dec-24

3rd Test

The Gabba, Brisbane

Thursday

26-Dec-24

Monday

30-Dec-24

4th Test

MCG, Melbourne

Friday

03-Jan-25

Tuesday

07-Jan-25

5th Test

SCG, Sydney

JAY SHAH

Honorary Secretary

Mumbai Stock Exchange

Surat Investment：ONGC, Oil India rise; MRPL, Chennai Petro dip as new rates of windfall gain tax on crude come into effect

ONGC, Oil India rise; MRPL, Chennai Petro dip as new rates of windfall gain tax on crude come into effect

Oil stocks ONGC, Reliance Industries Limited, and Oil India are trading higher, while MRPL and Chennai Petro are down as new rates of windfall gain tax came into effect on Tuesday (January 2, 2023).Surat Investment

The government increased windfall gain tax on domestic crude oil exports from Rs 1300 per tonne to Rs 2300 per tonne.

The additional export duty on diesel and ATF has also been reduced to zero.Lucknow Investment

Amid the new changes of windfall tax rates, ZeeBiz takes you through the performance of prominent oil stocks.

The stock of India’s largest crude oil and natural gas producer was trading up by 0.73 per cent, or Rs 1.50, at Rs 206.75, at 9:39 am on Tuesday.Pune Investment

The stock opened at Rs 205.75 in the morning today.

Reliance Industries Limited shares were also trading in positive territory in the morning session as they were up by 0.66 per cent, or Rs 17.15, at Rs 2607.00.

The Oil India stock started the trading session on Tuesday on a higher note as it jumped by 0.50 per cent, or Rs 1.90, at Rs 380.20 in morning deals.

Mangalore Refinery & Petrochemicals Ltd declined by 1.24 per cent, or Rs 1.65, at Rs 131.05 in the morning trading session on Tuesday.

The stock hit a 52-week-high on December 28.Kanpur Investment

Surat Wealth Management

Jinnai Wealth Management：Best Index Funds in India

Best Index Funds in India

An index fund is a type of mutual fund or ETF designed to mirror the components of a financial market index, such as the S&P 500 or Nifty 50 indices. This investment vehicle is a low-risk and diversified option, and investors can gain exposure to the broader market without purchasing individual stocksJinnai Wealth Management. Index funds remain relatively stable unless benchmark indexes change. Managers periodically rebalance securities in weighted indexes to match the benchmark. For instance, an index fund tracking the Nifty 50 will allocate approximately 9% of assets to HDFC Bank if it holds that weightage in the Nifty 50 index based on market capitalization.

Funds offer four key benefits to long-term investors:Passive Investment StrategyLower CostsElimination of Human BiasDiversificationHyderabad Investment

Index funds have consistently generated incredible long-term returns, leveraging the robust performance and resilience of the Indian economy. Nifty 50 has delivered an 11-fold return in 23 years, while the Sensex has experienced a 35-fold increase in 39 years. Impressive historical returns underscore the potential for significant long-term gains through index funds.

As Warren Buffet says,

To compare different index funds, it is crucial to consider various factors:Expense Ratios: A ratio of operating expenses to assets under management (AUM) are ideal if lower, for it safeguards an investor’s returns.Fees: Index funds may have different fee structures, including front-end loads, back-end loads, and 12b-1 fees. These fees should be carefully evaluated as they can significantly impact an investor’s return over time.Tracking Errors: Comparing tracking errors helps assess how closely an index fund follows its benchmark index. Larger deviations indicate potential issues such as poor fund construction, high fees, or operating expenses.Other Considerations: Liquidity, Regulatory Compliance, Currency Risk & Diversification

India’s thriving economy and diverse investment opportunities make it an attractive destination for foreign investors. Navigating its investment landscape requires understanding regulations and norms. Here are the key considerations for NRIs investing in Indian index funds.Know Your Customer (KYC) Norms: Indian regulations require investors to complete the KYC process, providing identity and address proof to comply with anti-money laundering and terrorism financing laws.Taxation: Investors should understand the tax implications, including long-term and short-term capital gains tax, as well as dividend distribution tax, associated with their investments in Indian index funds.Foreign Currency Restrictions: Compliance with SEBI regulations prohibits asset management firms from accepting foreign currencies. NRIs must convert and transfer their foreign funds into Indian rupees through an NRO or NRE account.Reporting Obligations under FATCA: NRIs should be aware of FATCA’s reporting obligations on Indian mutual funds. FATCA requires certain fund houses to disclose foreign assets held by U.S. residents for tax purposes.Lucknow Wealth Management

Below is a breakdown of the top-performing index funds to take part in India’s growth story:

Benchmark: BSE SensexAUM (cr): ₹4636Expense Ratio: 0.4%Fees: Entry Load: NA, Exit Load: NA, Management Fees: NAReturns: YTD Return: 2.04%, 1-Year Return: 16.34%, 3-Year Return: 27.45%, 5-Year Return: 13.07%Tracking Error: 1-Year Difference: -0.49%, 3-Year Difference: -0.59%, 5-Year Difference: -0.62%e

Benchmark: Nifty 50AUM (cr): ₹10615Expense Ratio: 0.3%Fees: Entry Load: NA, Exit Load: NA, Management Fees: NAReturns: YTD Return: 1.45%, 1-Year Return: 15.47%, 3-Year Return: 27.68%, 5-Year Return: 12.61%Tracking Error: 1-Year Difference: -0.36%, 3-Year Difference: -0.39%, 5-Year Difference: -0.39%

Benchmark: BSE SensexAUM (cr): ₹754Expense Ratio: 0.75%Fees: Back Load Fee: 0.25%, Redemption Fee: 0.25%Returns: YTD Return: 2.05%, 1-Year Return: 16.36%, 3-Year Return: 27.37%, 5-Year Return: 13.10%Tracking Error: 1-Year Difference: -0.90%, 3-Year Difference: -0.89%, 5-Year Difference: -0.96%

Benchmark: Nifty 50AUM (cr): ₹3829Expense Ratio: 0.5%Fees: Entry Load: NA, Exit Load: NA, Back Load Fee: 1.00%, Redemption Fee: 1.00%Returns: YTD Return: 2.43%, 1-Year Return: 15.45%, 3-Year Return: 27.59%, 5-Year Return: 12.42%Tracking Error: 1-Year Difference: -0.60%, 3-Year Difference: -0.81%, 5-Year Difference: -0.94%

Benchmark: BSE SensexAUM (cr): ₹954Expense Ratio: 0.27%Fees: Entry Load: NA, Exit Load: NAReturns: YTD Return: 1.91%, 1-Year Return: 16.14%, 3-Year Return: 27.06%, 5-Year Return: 12.86%Tracking Error: 1-Year Difference: 0.47%, 3-Year Difference: 0.71%, 5-Year Difference: 0.60%

When comparing top Indian index funds, here are some key factors to consider:For the BSE Sensex benchmark:HDFC Index Fund – S&P BSE Sensex Plan has consistently higher returns (27.45% and 13.07% over 3 and 5 years) and a higher AUM of ₹4636 crores.Nippon India Index S&P BSE Sensex has similar returns (27.37% and 13.10%) but a lower AUM of ₹754 crore. It also has a higher expense ratio of 0.75%ICICI Prudential S&P BSE Sensex Index Fund has slightly lower returns (27.06% and 12.86%), a low AUM of ₹954 crores, and an expense ratio of 0.27%.For the Nifty 50 benchmark:UTI Nifty Index Fund offers competitive returns (27.68% and 12.61%), a lower expense ratio of 0.3%, and a substantial AUM of ₹10,615 crore.SBI Nifty Index Fund has slightly lower returns (27.59% and 12.42%), a higher expense ratio of 0.5%, and an AUM of ₹3,829 crore.

HDFC Index Fund is a strong choice for the BSE Sensex benchmark, with a low tracking error and consistent returns. UTI Nifty Index Fund stands out for the Nifty 50 benchmark, offering strong returns, a lower expense ratio, and a substantial AUM.

Investors should evaluate long-term returns, expense ratios, and fees to compare index funds. They are an attractive choice for those seeking to benefit from India’s emergence as an economic powerhouse.Nagpur Investment

Inri, backed by Y Combinator, is an investment platform dedicated to NRIs & OCIs to invest in Indian markets. Inri is like Wealthfront for India, making investing in India fast and hassle-free.

Chennai Investment

Lucknow Stock：Saudi❼first China-focused ETF to become the largest in Middle East

Saudi❼first China-focused ETF to become the largest in Middle East

Saudi Arabia❼first exchange-traded funds (ETFs) that track Hong Kong-listed shares, mainly Chinese firms, are expected to be the largest such funds in the Middle East.Lucknow Stock

Trading of the product, which kicks off on Wednesday on the Saudi Stock Exchange, has raised more than $1.2 billion at the start, issuer Albilad Capital and its partner Hong Kong❼CSOP Asset Management said.

The initial size will surpass the current largest Islamic ETF – Al Rayan Qatar ETF – listed on the Qatar Exchange, LSEG data shows.

As ties grow between Arab countries and Beijing and Hong Kong, the ETFs open doors for Middle East investors to gain easy access to capital markets in the world❼second largest economy.

The Albilad CSOP MSCI Hong Kong China Equity ETF is sharia-compliant, CSOP said, adding that it invests in 30 stocks through a Hong Kong-listed ETF tracking the MSCI HK China Connect Select Index.Jaipur Stock

The top three holdings are delivery platform Meituan , power tools maker Techtronic Industries and sportswear maker Anta Sports.Simla Stock

The product “opens a new avenue for investors to engage with the dynamic growth of China through Hong Kong, all while adhering to Sharia principles,” said Zaid AlMufarih, the chief executive of Albilad Capital.

Another ETF that tracks Hong Kong stocks, SAB Invest Hang Seng Hong Kong ETF, will be launched on Thursday by SAB Invest, an arm of Saudi Awwal Bank.

“At a time when Chinese markets have underperformed in recent years, this launch signals potential for value, particularly for investors in the MENA region, who are prepared to look past geopolitical friction,” said Gary Dugan, chief executive of the Global CIO Office, based in Dubai.

The MSCI HK China Connect Select Index rebounded sharply in September and is up 12% for the first nine months amid a raft of stimulus policy measures by the Chinese government to boost the economy, but saw an annualised loss of 17.9% for the past three years.

Last November, Hong Kong launched Asia❼first ETF tracking Saudi equities – CSOP Saudi Arabia ETF – and has been actively seeking cross-listing opportunities in both capital markets.

Hong Kong❼financial secretary, Paul Chan Mo-po, led a delegation from the financial and innovation and technology sectors to visit the Saudi Arabian capital of Riyadh this week to attract new sources of capital.

The listing of Hong Kong ETFs in the Saudi market creates a win-win situation for both sides, Chan said.

(Reporting by Summer Zhen; Editing by Clarence Fernandez)Jaipur Wealth Management

Hyderabad Stocks

Kolkata Stocks：India’s crude oil imports hit record high in April 2024 amid rising demand

India’s crude oil imports hit record high in April 2024 amid rising demand

India’s crude oil imports during April 2024 rose to its third highest level on record as refiners topped up on supplies to meet the domestic demand for auto fuels as well as for export opportunities in the northern hemisphere ahead of the summer travel season.

The world’s third largest energy consumer imported 21.4 million tonnes (mt) of crude oil last month, a growth of 3 per cent M-o-M and 7 per cent Y-o-Y. Inbound shipments of the critical commodity rose for the third consecutive month during April, according to Petroleum Planning & Analysis Cell (PPAC) data.

Prior to this, Indian refiners imported an all-time high of 21.6 MT in April 2022, followed by 21.5 MT in January this year.Kolkata Stocks

Analysts and trade sources attribute the higher numbers to more export volumes being shipped out of Russia and Chinese refiners lifting of lower cargoes, which increased Russia’s share in total imports to 40 per cent from roughly 30 per cent in March 2024.

According to energy intelligence firm Vortexa, India imported more than 1.72 mb/d crude oil from Russia in April, the highest amount in the last nine months.

Private refiners, Reliance Industries (RIL) and Rosneft-backed Nayara Energy, imported around 770,000 barrels per day (b/d) of crude oil from Russia in April 2024, the highest in a year.

Sensing the opportunity to procure more barrels, public refiners such as Indian Oil Corporation (IoC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) too imported 1.02 million barrels per day (mb/d) last month, which is a seven-month high.

Brent crude oil prices averaged $90.15 per barrel in April 2024, up from against $85.48 in March 2024 and $84.94 a year ago. The Indian basket crude price averaged at $89.46 a barrel last month, up from $84.49 in March 2024 and $83.76 in April 2023.

Consequently, India’s oil import bill rose last month. The net import bill for oil and gas rose from $10.1 billion in April 2023 to $12.3 billion in April 2024. Crude oil imports constituted $13 billion, LNG imports $1.1 billion and exports were $3.7 billion in April.Kolkata Investment

Earlier this month, state-run Bharat Petroleum Corporation (BPCL) said that Russian supplies have moderated, compared to FY24. The oil marketing company (OMC) said that discounts have almost halved to $3-6 per barrel, from an average of $8-10 during FY24.New Delhi Stock Exchange

However, trade sources noted that the Ukranian drone attacks on Russian refineries are making more crude oil supplies available for exports. According to the US EIA, around 14 per cent of Russia’s refining capacity came offline in the first quarter of 2024.Udabur Investment

“This will make more supplies available for exports to India. In April, more supplies were available due to drone attacks and lower imports from ChinaKolkata Wealth Management. May should follow suit,” said one of the sources.

Agra Investment

Jinnai Wealth Management：Investment access set to widen

Investment access set to widen

The mainland might launch a program to allow Taiwan investors to use offshore yuan deposits to invest in the mainland’s capital markets, Guo Shuqing, chairman of the China Securities Regulatory Commission, said on Sunday. A similar program, known as the RMB Qualified Foreign Institutional Investor, or RQFII, was launched in Hong Kong at the end of last year with a quota of 20 billion yuan ($3.17 billion). At present, individual investors in Taiwan can directly invest in the mainland’s dollar-denominated B-share market. They can also buy yuan-denominated A shares through the QFII programJinnai Wealth Management. “We are likely to launch the RQFII program in Taiwan in the future, as well as allowing individual investors in the region to invest directly in the A-share market,” Guo said on the sidelines of the two sessions. But he added that study of the issue hadn’t yet started. The program offers more investment channels for the growing amount of yuan deposits in Hong Kong, which reached 576 billion yuan at the end of January. Under the program, Hong Kong institutional investors can invest in the A-share market using yuan parked overseas. Taiwan said last year it also wanted to be a trading center for offshore yuan, aiming to take advantage of the yuan’s internationalization. In August 2011, Taiwan’s “central bank” listed “being an offshore yuan center” as one of its long-term targets. A month later, the Taiwan Financial Supervisory Commission, the region’s financial regulator, awarded its first license for the region’s banks to conduct yuan-related business, including currency conversion, trade finance and remittances. The license was given to HSBC Holdings’ Taiwan subsidiary. The Bank of East Asia got the same kind of license a month later. Some financial institutions in Taiwan have already been granted quotas under the QFII program, which allows investors outside the mainland to invest in the mainland’s capital markets using US dollars. In August, regulators in Taiwan gave the go-ahead for local QFII candidates to invest in the mainland’s A-share market, opening that market to Taiwan institutional investors for the first timeGuoabong Wealth Management. Individual investors in Taiwan now only have direct access to the mainland’s dollar-enominated B-share market. With no direct link to the Ashare market, many individual investors in Taiwan use the accounts of mainland friends and relatives to make investments, which lead to disputes.

Chennai Stock

Lucknow Investment：Fertilizer Stocks： Top Ten Fertilizer Sector Companies in India Today (2024)

Fertilizer Stocks： Top Ten Fertilizer Sector Companies in India Today (2024)

Fertilizer stocks refer to shares of companies involved in the production and distribution of fertilizers and other essential materials for agriculture. This sector includes businesses that manufacture nitrogen-based compounds, process ammonia, and develop plant nutrition products crucial for crop growth. With the global population rising and food demand increasing, the fertilizer industry presents an attractive investment opportunity for those looking to diversify their portfolios.

In India, the fertilizer sector plays a vital role in supporting agriculture, contributing to food security and rural employment. With the market expected to grow significantly, investing in fertilizer stocks could offer promising returns. However, it’s essential for investors to consider factors such as raw material costs, demand trends, and regulatory changes before making investment decisions. This article will explore a list of the top performing fertilizer and agro stocks in India for 2024 and explore other aspects of the fertilizer sector in India.

Here are the top performing fertilizer stocks in India based on their 5-yr average net profit margin:

Note: The data on this fertilizer share list is from 17th September 2024, and the data is derived from the Tickertape Stock Screener.

Filters used in this list:

Sector: Fertilizers & Agro Chemicals

5Y Avg Net Profit Margin: Sorted from Highest to Lowest

🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.

Uniphos Enterprises Ltd, previously known as United Phosphorus Ltd (UPL), was established in 1969 to produce red phosphorus as an import substitute. Over time, it expanded into the production of speciality chemicals, including phosphorus compounds, pesticides, dyes, dye intermediates, plasticisers, and mercury salts. Today, this Indian fertilizer company stands as one of India’s leading producers and exporters of both organic and inorganic mercury compoundsLucknow Investment. It has also emerged as a key player in the pesticide and fumigant industry. Over the last 5 years, the company’s revenue has grown at a yearly rate of 31.23%, higher than the industry average of 10.38%, and its market share increased from 0.02% to 0.04%.

India Pesticides Limited, incorporated on 13th December 1984, has its registered office in Bareilly, Uttar Pradesh, India. This Indian fertilizer company operates in the agrochemical sector, focusing on the manufacture, sale, and distribution of insecticides, fungicides, herbicides, and other agrochemical products. It runs its manufacturing facilities in Sandila and Dewa Road, Uttar Pradesh. Over the last 5 years, the company’s revenue has grown at a yearly rate of 14.98%, higher than the industry average of 10.38%, and its market share increased from 0.26% to 0.32%.

Titan Biotech Ltd., based in New Delhi, manufactures Biological Peptones, Extracts, and Dehydrated Culture Media, which support microorganism growth. These products are essential in clinical diagnosis, vaccine production, antibiotic testing, and antisera development. They are also used in pharmaceutical industry research to check antibiotic sensitivity, detect bacterial contamination in food and water, and support tissue culture work. Over the last 5 years, the company’s revenue has grown at a yearly rate of 20.38%, higher than the industry average of 10.38%, and its market share increased from 0.05% to 0.08%.

Dhanuka Pesticides, established in February 1985, began commercial production in 1986. The Indian fertilizer company is part of the Dhanuka Group of Industries and focuses on producing technical-grade pesticides, including insecticides and weedicides. The company’s production facilities are based in Gurgaon, Haryana, with the capacity to manufacture various products such as fenvalerate technical, fenvalerate 20% EC, butachlor technical, cypermethrin technical, and 2,4-D-ethyl ester technical. Over the last 5 years, the company’s revenue has grown at a yearly rate of 11.8%, higher than the industry average of 10.38%, and its market share increased from 0.78% to 0.84%.

Bayer CropScience Limited is the leading company of the Bayer Group, operating in the Agri Care sector. It focuses on manufacturing, selling, and distributing insecticides, fungicides, herbicides, agrochemicals, and corn seeds. In 1958, Bayer’s partner acquired a small plant in Bombay, where Bayer pesticides were formulated for the first time. The company became publicly listed in India in 1965. Over the last 5 years, the company’s net income has grown at a yearly rate of 17.05%, higher than the industry average of -4.09%, and its debt-to-equity ratio has been 1.78, lower than the industry average of 67.29.

Gujarat Narmada Valley Fertilisers Company Ltd, founded on 10 May 1976 in Bharuch, Gujarat, is a joint venture between the Government of Gujarat and Gujarat State Fertiliser Company Ltd. It is one of India’s key players in manufacturing and selling fertilisers, industrial chemicals, and offering IT services. Over the last 5 years, the company’s debt-to-equity ratio has been 3.28, lower than the industry average of 67.29, and its current ratio has been 337, higher than the industry average of 141.02.

Bharat Rasayan, founded by S N Gupta and Bharat Insecticides in May 1989, manufactures technical-grade pesticides, pesticide formulations, and intermediatesVaranasi Wealth Management. In February 1993, this listed fertilizer company in India launched a public issue to expand its capacity and introduce a new pesticide manufacturing facility. Bharat Rasayan’s products serve as raw materials for pesticide formulation units, which are primarily used for plant protection and boosting agricultural output. Over the last 5 years, the company’s debt-to-equity ratio has been 11.7, lower than the industry average of 67.29, and its current ratio has been 381.12, higher than the industry average of 141.02.

Fertilisers and Chemicals Travancore Ltd. (FACT) was founded in 1943, and its fertiliser plant was established in Udyogamandal, India. In 1960, FACT became a state public sector unit of Kerala, and by 15th August 1962, the Government of India held a major share in the company. FACT Engineering Works was launched on 13th April 1966 to fabricate and install equipment for fertiliser plants, gradually expanding into pressure vessel and heat exchanger fabrication. Over the last 5 years, the company’s revenue has grown at a yearly rate of 16.87%, higher than the industry average of 10.38%, and its market share increased from 1.83% to 2.46%.

Madhya Bharat Agro Products Limited, a public company, was established on 22 October 1997. Initially founded by Mr. Shailander Jain from Sagar, it was acquired by the Ostwal Group in September 2004. At the time of acquisition, the company had a production capacity of 60,000 MT per annum for Single Super Phosphate (SSP). Over the last 5 years, the company’s revenue has grown at a yearly rate of 48.07%, higher than the industry average of 10.38%, and its market share increased from 0.09% to 0.39%.

Founded in 1992, Heranba Industries Ltd specialises in producing agrochemical products. Its product range includes insecticides, fungicides, herbicides, plant growth regulators, and related chemicalsHyderabad Stocks. Heranba boasts an in-house laboratory with advanced instruments, including HPLCs, GCs, polarimeters, particle size analysers, and spectrophotometers. This top fertilizer company in India also offers processing services for various chemical reactions, such as ammonolysis, esterification, hydrolysis, and more. Over the last 5 years, the company’s debt-to-equity ratio has been 13.38, lower than the industry average of 67.29, and its current ratio has been 200.33, higher than the industry average of 141.02.

Picking fertilizer stocks for your portfolio and investing in them is a time-consuming process. Wouldn’t it be great if you get a ready-made portfolio for you to invest in?

Aren’t you nodding your head?

Well, we have some good news for you as now you invest in ready-made portfolios via smallcase. smallcases are portfolios of stocks or exchange-traded funds (ETFs) created around a particular investment theme or strategy. They are designed to offer you an easy and affordable way to invest in a diversified portfolio of stocks or ETFs that align with their investment goals and values.

Here are a few smallcases related to fertilizer stocks in India:

1. Rising Rural Demand smallcase: This smallcase, managed by Windmill Capital, consists of companies that either derive a significant amount of their revenue from rural India or are striving to enhance their foothold across rural markets to benefit from increasing rural demand.

2. House of Murugappa smallcase: The House of Murugappa was also created by the Windmill Capital. This smallcase is a portfolio of stocks that invests in companies belonging to the Murugappa Group. They are one of India’s leading business conglomerates with interests in a wide range of sectors such as engineering, financial services, and agro-products.

Fertilizer stocks refer to the shares of companies that produce, manufacture, or distribute fertilizers. The top fertilizer companies in India are typically engaged in producing and selling various types of fertilizers, such as nitrogen-based, phosphate-based, and potash-based fertilizers, as well as other agricultural inputs and products. The fertilizer sector is an important component of the agricultural industry, and fertilizer stocks can be a good investment option for those interested in the agriculture or commodities market.

An agricultural powerhouse, India has seen a high demand for fertilizers due to extensive crop cultivation. Fertilizer companies are pivotal in fortifying the farm sector by enriching the soil with vital nutrients. Dominated by urea, DAP, and complex fertilizers, the Indian fertilizer industry has undergone a significant transformation, spurred by government backing and the influx of private entities. Forecasts suggest a promising trajectory for the Indian fertilizer market, buoyed by population expansion, evolving dietary preferences, and heightened agricultural yields. Key players in this sector include Tata Chemicals, Coromandel International, National Fertilizers Limited, and Chambal Fertilizers and Chemicals.

The government seeks to boost both private and public investment in post-harvest activities. Nano-DAP use will expand to all agro-climatic zones, and a strategic plan will be created under the Atmanirbhar Oilseeds Abhiyaan to achieve self-sufficiency in oilseeds production.

A detailed programme will be developed for the dairy sector’s growth. The implementation of the Pradhan Mantri Matsya Sampada Yojana will be accelerated to improve aquaculture productivity, double exports, and create more jobs. Funding for the Blue Revolution will rise to Rs.2,352 crore, while the PM Formalisation of Micro Food Processing Enterprises scheme will receive Rs.880 crore.

The Ministry of Agriculture and Farmer’s Welfare has been allocated Rs.1,27,000 cr. The PM-KISAN scheme will provide direct financial aid to 11.8 crore farmers, and crop insurance coverage through the PM Fasal Bima Yojana will extend to 4 crore farmers. Integration of 1,361 mandis under eNAM will facilitate trading volumes of Rs. 3,00,000 cr.

Investing in fertilizer stocks can be suitable for a variety of investors, including:

1. Those seeking exposure to the agricultural sector and looking for diversification in their portfolio.

2. Farmers and agricultural professionals may find investing in fertilizer stocks beneficial as they are directly involved in the industry and understand its dynamics.

3. Investors interested in industries that support global food production and agriculture may also consider investing in fertilizer stocks.

Overall, anyone looking to participate in a sector that plays a vital role in food security and agricultural productivity may find fertilizer stocks worth considering.

Fertilizer stocks in India exhibit several key features that investors should consider:

Market Demand: Fertilizer stocks are influenced by the demand for agricultural products, which, in turn, is driven by factors like population growth and food consumption patterns.

Government Policies: Government regulations and policies regarding subsidies, pricing, and import/export controls significantly impact fertilizer stocks. Changes in these policies can affect the profitability of fertilizer companies.

Raw Material Prices: Fertilizer production depends on raw materials like natural gas, phosphates, and potash. Fluctuations in the prices of these raw materials can affect the cost structure and profitability of fertilizer companies.

Seasonal Variations: The demand for fertilizers is seasonal, with peak demand during planting seasons. Fertilizer stocks may experience fluctuations in earnings and stock prices based on seasonal variations in demand.

Technological Advancements: Innovation and technological advancements in fertilizer production methods, such as the development of new fertilizers and enhanced production processes, can impact the competitiveness and growth prospects of fertilizer companies.

Investing in the fertilizer sector stocks can offer investors several advantages, for example:

Diversification: This sector provides an excellent means to diversify investment portfolios. This is done by gaining exposure to some of the most promising companies within the industry. This diversification helps balance portfolios that may include bonds, stocks, and mutual funds.

High Growth Potential: The projected global population increase by over 33% by 2050 will significantly drive up the demand for food. Coupled with rising incomes in emerging markets leading to increased consumption of high-quality food, there’s a growing need for all fertilizers in large-scale production. Consequently, investing in the best fertilizer stocks in India presents substantial growth opportunities.

Risk Management: The best fertilizer stocks to buy today often follow trends distinct from other sectors, making them a valuable tool for managing investment risks. This divergence minimizes exposure to Indian fertilizer market risks and aids in portfolio diversification.

Export Restrictions Awareness: The best fertilizer stocks in India are susceptible to occasional export restrictions. Necessitating investors to stay informed about regulatory changes within the industry and adjust their portfolios accordingly.

Access to Promising Companies: Investing in this sector grants investors access to some of the industry’s most promising Indian fertilizer companies. This is particularly advantageous for those seeking long-term growth prospects, enabling investments in well-managed firms poised to generate potentially higher returns.

Investing in fertilizer stocks in India carries certain risks that investors should be aware of before making investment decisions. Here are some key risks associated with investing in fertilizer stocks:

Regulatory Risks: Even the best fertilizer company in India is subject to government regulations and policies. These can impact their operations and profitability of even the top 10 fertilizer company in India. Changes in subsidy policies, pricing regulations, or environmental regulations can affect the financial performance of fertilizer companies.

Commodity Price Volatility: Fertilizer companies are exposed to fluctuations in the prices of raw materials such as natural gas, phosphates, and potash, which are used in the production of fertilizers. Changes in commodity prices can impact the cost of production and ultimately the profitability of fertilizer companies.

Weather and Agricultural Risks: The performance of fertilizer stocks is closely linked to the performance of the agriculture sector. Which in turn is influenced by weather conditions and agricultural practices. Adverse weather conditions such as droughts or floods can affect crop yields and demand for fertilizers. Thereby, impacting the revenue and profitability of even the best fertilizer company in India to invest in.

Currency Risks: Fertilizer shares may be exposed to currency risks if they import raw materials or export finished products. Fluctuations in exchange rates can impact the cost of imports or the revenue generated from exports. Thereby affecting the overall financial performance of fertilizer companies.

Market Condition: The overall market condition directly influences the performance of fertilizer sector stocks. Therefore, you should analyse the current market condition, economic indicators, and stock market trends before investing in fertilizer penny stocks.

Competitive Landscape: As an investor, you should evaluate the competitive landscape of the fertilizer industry. This includes the market share of each player, pricing strategies, and production capacity.

Agricultural Trends: The agriculture sector’s growth and trends can be vital indicators of fertilizer demand. Hence, you should track the crop production cycle, crop prices, and government policies related to agriculture.

Apart from this, it is essential to evaluate the future prospects of the fertilizer industry, especially including new product launches, mergers and acquisitions, and technological advancements.

Kanpur Investment

New Delhi Investment：15 Best Stock Market Books for Beginner & Advanced Investors in India [August, 2024]

15 Best Stock Market Books for Beginner & Advanced Investors in India [August, 2024]

The stock market can seem complicated and intimidating to those just starting out. With so many books promising to make you rich with little effort, it’s hard to know where to begin and which sources to trust. We’ve compiled this list of the 15 best stock market books for every type of investor in India – from beginners looking for a broad introduction, to experienced traders seeking more advanced strategies. Whether you want to better understand market fundamentals, discover promising stocks to invest in, or simply avoid common mistakes, there’s a book here that can guide your journey into the world of stock market investing.Image credit: Amazon

This book provides a comprehensive overview of the stock market, making it an ideal choice if you’re looking for an entry-level guide to the stock market.Covers basics like how the market works, different types of markets, and buying/selling proceduresExplains key terms and principles like shares, IPOs, mutual funds in simple termsIncludes tips for beginners like avoiding common mistakes and step-by-step trading guides

As one of the best books for beginners in stock market, this guide excels at breaking down complex concepts with practical examples and actionable advice. The clear writing style and thorough coverage of fundamentals like risk management make this the perfect introductory text to build investing confidence. While more advanced strategists may want a more detailed guide, new investors will gain invaluable market wisdom they can apply right away.Image credit: Amazon

Investonomy aims to help beginners successfully invest in the stock market with a strategic, risk-managed approach. The author draws on 20+ years of market analysis experience to cut through complexities.Demystifies equities, derivatives, technical analysis, IPOs, and more trading conceptsOffers methodical guidance on picking winning stocks based on financial ratios analysisIncludes multiple profit-boosting trading strategies with examples

Investonomy stands out for its methodical approach in building investing skill level, tailored for Indian markets. While best suited for committed beginners ready to master serious stock analysis, seasoned investors can also benefit from the trading tactics showcased. We especially appreciate how the author simplifies proven techniques like identifying value stocks and momentum-based exits. Follow this guide’s prescriptive formulas and you’ll be well on your way to stock market success.Image credit: Amazon

This book focuses on low-risk investing strategies using options to generate regular income. The author draws from his extensive trading experience to help investors at all levels avoid loss.Covers different options trading techniques like covered calls, vertical spreadsOffers practical tips for identifying overvalued stocks and maximizing profitsIncludes examples and scenarios demonstrating key options strategies

While most stock market books for beginners focus only on basic concepts, this guide stands out for delving into the versatile world of options trading. We appreciate the author’s prudence in advising risk-averse approaches over speculative day trading. Following the blueprint provided, retail investors can apply balanced options techniques to earn steady monthly returns. We recommend this as one of the best books for stock market to achieve your income goals while minimizing loss risks.Image credit: Amazon

Stock Investing Mastermind aims to help readers become elite investor “masterminds” by internalizing psychological habits and trading strategies of iconic investors like Warren Buffet.Analyzes the investment philosophies and stock-picking methods of legendary investorsProvides a framework to develop your own winning investing approachIncludes case studies demonstrating applications of iconic investors’ techniques

While numerous stock market books reference Warren Buffet, Stock Investing Mastermind provides a uniquely structured playbook for emulating the mental models of ultra-successful investors. From blocking out market noise to developing inner conviction, this guide offers transferable wisdom that transcends ordinary technical analysisNew Delhi Investment. Seasoned investors can also benefit from the vivid case demonstrations on effectively applying value investing and other elite strategies. We rate this one of the most intellectually stimulating best books for stock market success.Image credit: Amazon

In this book, trader Nicolas Darvas recounts how he turned $25,000 into $2 million in just 18 months of trading. He shares the exploratory trading strategies behind his rapid stock market success.Chronicles author’s rapid trading journey to profitabilityExplains unique “Box System” strategy for identifying stocks about to trend upwardsOutlines psychology-based tactics over purely fundamental or technical analysis

As one of the few stock market trading books focused on real-life trader experiences, How I Made $2M makes for a thrilling read. Nicolas Darvas’ willingness to admit mistakes makes his rapid success story relatable and learning opportunities abundantly clear. While critics argue his “Box System” is too simplistic, we found this trader’s instincts and adaptive analyses more compelling than any indicator-based system. This book offers an entirely fresh angle on plotting your own path to trading profits as an independent thinker.Image credit: Amazon

Through an engaging narrative around the lives of stock market participants, this book breaks down the basics of investing from an Indian market perspective for novices.Uses fictional stories to simplify equity investing conceptsCovers different investing approaches like day trading and buy-and-holdExplains key events in India’s stock market history

Bulls, Bears sets itself apart as one of the best books for beginners in stock market by using storytelling to communicate essential concepts. Through the cast of memorable investor “beasts”, readers enjoy an informative and hugely entertaining tour of the intricacies behind Indian market ups and downs. Seasoned investors may find the story framing unnecessary, but novices will discover this an invaluable primer before pursuing advanced technical guides. We suggest pairing this with a fundamentals guide to establish a strong base understanding.Image credit: Amazon

This 3-in-1 compilation book provides a holistic reference to stock market trading tailored for Indian market contexts, covering everything from fundamental to technical analyses.Includes 3 highly-rated books focusing on share valuation, chart patterns, indicatorsReferences Indian companies and case studies to demonstrate key conceptsCovers both long-term investing and short-term trading techniques

With its extraordinary depth and range exploring concepts from multiple angles, we rate this COMBO bundle as one of the best books for stock market trading success in India. The three books selected offer nicely complementary content for gaining expertise across vital areas – from picking value stocks to timing entries and exits using technical indicators. While best suited for committed investors ready to devote the time, beginners can benefit from the applied case studies and Indian-centric examples. We suggest reading the fundamental analysis sections first before advancing to the faster-paced technical guide.Image credit: Amazon

Aimed at beginner traders, this book focuses on breakout theory and methods to identify stocks with strong momentum for short-term gains. It also explores the psychological aspect of trading success.Explains breakout theory mechanics and trading in straightforward languageOffers precise entry and exit methodology for momentum stocksIncludes psychology and mindset guidance to cultivate trading discipline

How to Make Money stands out with its intuitive and jargon-light coverage of breakout methodologies tailored for opportunistic beginner traders. We appreciate the author’s candid emphasis on mastering one’s own psychology over indicators. By focusing on price action and volatility analysis for setting up reliable breakout trades, novice investors can reliably grow profits while containing downside risk. While the title’s promise may seem exaggerated, adhering to the risk management principles outlined here offers a steady path to trading effectively in Indian markets.Image credit: Amazon

As evident from the title, this book aims to offer an introduction to stock market investing tailored specifically for beginners in the Indian market.Covers essential concepts like types of markets, regulations, understanding company reportsIncludes investment strategies like value investing and growth investingReferences Indian examples like top companies and leading market indices

We rate Guide to Indian Stock Market as one of the best books for beginners in stock market wanting to grasp fundamental concepts using Indian reference points before diving deeper. Veteran author Nagendra Prasad displays his investing wisdom by condensing actionable knowledge in clear, reader-friendly language. While the book length is shorter than typical beginner guides, we appreciate the concise delivery focusing on need-to-know investing tenets first. The primer gives new investors proper footing to make sense of the basics before exploring technical trading tactics.Image credit: Amazon

In this book, Wall Street trader Mark Minervini reveals his winning stock trading methodology after decades of successful market operations.Chronicles author’s practical methodology refined over 30+ years of tradingOffers precise entry, exit and position sizing tacticsOutlines step-by-step processes to scan, filter and verify winning trades

Mark Minervini’s TRADE LIKE A STOCK MARKET WIZARD offers an elite masterclass in methodical trading for investors serious about optimizing technical prowess and performance results. We rate this one of the best books for stock market trading that delivers far beyond mere inspiration or conceptual overview. The book’s systematic testing chapters set it apart with crystal clear tactics to put Minervini’s rigorous momentum models into practice. While self-directed beginners may find implementing the detailed trade plans challenging, seasoned traders focused on excelling further will discover golden wisdom in these pages.Image credit: Amazon

Beginners can familiarize themselves with the fundamentals of the Indian stock market landscape with this concise crash course guide in Hindi by Pushkar Raj Thakur.Introduces stock market concepts like trading platforms, IPOs in HindiCovers basics of technical and fundamental analysisIncludes stock market tips for novice investors

As one of the only Hindi stock market books for beginners emphasizing Indian markets, we recommend this Stock Market Crash Course as an accessible starting point for native speakers less comfortable reading complex material in English. While the content is direct and relatively simpler, author Pushkar Raj Thakur succeeds in covering a wide breadth of topics notably absent in competing titles in just 100 pages. Readers can pair this with other guides as core knowledge base before learning advanced niche strategies.Image credit: Amazon

In this book, the author shares fundamental analysis frameworks to identify undervalued stocks and build long-term wealth.Offers 11 valuation metrics to unearth hidden value stocksProvides a formulaic 5-step equity research processIncludes case studies demonstrating value stock selection

We rate this one of the best books for stock market investing for its smart distillation of proven value investing wisdom refined for Indian equities. Novices can apply the precise ratios education and sector comparison guidance to confidently evaluate company financials. Seasoned investors can refresh and validate their analysis models leveraging the practical case demonstrations. While it stops short of detailing complete portfolio diversification tactics, readers have all the tools in this guide to consistently identify winning value stocks amidst complex markets.Image credit: Amazon

Aimed at novice investors, this book focuses on options trading strategies to profit in the volatile Indian market using technical and quantitative analysis.Explains options, futures, day trading concepts tailored for beginnersOffers strategic approaches for directional and non-directional tradingIncludes quantitative models like pivot point formulas

While numerous stock market books discuss options for sophisticated investors, How to Make Profit stands out for its newbie-friendly materials educating amateur traders on capitalizing from options volatilityLucknow Wealth Management. We appreciate author Gunindra Ray’s measured guidance advising paper trading practice before risking capital. Following the tiered learning path, investors can progress from essential concepts and directional strategies to leveraging quantitative signals for consistent profitability. We recommend this as one of the best books for beginners in stock market seeking structured options knowledge.Image credit: Amazon

Chartered market technician Neeraj Joshi imparts trading and investing insights focused on the Indian stock market to enable financial freedom.Techniques for wealth creation emphasizing compoundingTactical approaches like position sizing and risk managementTrading psychology and habits guidance based on Indian realities

While numerous stock market books offer conceptual trading tips, Be A Stock Market Millionaire distinguishes itself with content sharply addressing practical Indian investor pain points. We rate this one of the best books for stock market success for its tangible frameworks around fear management and developing winning habits tailored to homegrown realities. The emphasis on compounding through volatility sets reasonable wealth creation expectations. From psychological strengthening to maintaining systematic discipline, both novice and seasoned retail traders investing for financial freedom can extract tangible value from Neeraj Joshi’s market distillations.Image credit: Amazon

Investment fund pioneer John C. Bogle examines how embracing market index funds by eliminating useless churn can lead to wealth creation.Offers an alternate view advocating passive index investingDebunks active trading misconceptions on beating market returnsIncludes updated data and decade-long performance charts

While debates persist on active vs. passive investing, The Little Book of Common Sense Investing delivers hard truths all stock market enthusiasts need to acknowledge. John C. Bogle never minces words on how fund manager underperformance and fees erode amateur returns. We rate this one of the best books for stock market strategies for the mathematically-backed insights on achieving market parity through low-cost index funds. Beyond convincing statistical evidence, the principles shared on simplifying investing align with proven wealth-building mental models. This anniversary edition stands tall as essential reading for stock market traders and passive investors alike.

With such a vast array of stock market book options, it can be challenging to determine which one is best suited for your needs. Here are some key criteria to consider when choosing a stock market book in India:

Investing Skill Level – Decide if you need a book for complete beginners explaining basic concepts, or a more advanced guide focusing on complex strategies and analyses suited for experienced investors.

Areas of Focus – Some books focus narrowly on specific topics like technical analysis, while others take a broad approach covering share valuation, trader psychology, risk management and more. Determine your key area of interest.

Trading vs Investing – Trading-focused books offer short-term, tactical guides to market timing and profiting from volatile prices. Investing books concentrate on long-term, buy-and-hold strategies based on a company’s fundamentals.

**Indian vs Global **– While you can apply many stock market concepts universally, some books reference Indian companies, financial ratios, and market history specifically to contextualize key ideas better.

Choose a book that aligns best with your focus areas, skill level and trading style preferences to ensure it caters well to your exact learning requirements in the context of Indian markets.

While each guide takes its own shape, some broad categories apply when classifying the variety of stock market books available today:

Beginner Books – Offer basic explanations of core equity and mutual fund concepts for novices, without assuming prior knowledge.

Advanced Strategy Guides – Provide detailed frameworks and methodologies for traders to identify and capitalize on high-profit opportunities.

Primers/Crash Courses – Quick introductory overviews of markets enforcing key principles.

Trading Psychology – Examine thought patterns, behaviours and habits that enable investors to excel and manage emotions.

Investor Stories– Profile journeys of successful investors highlighting their strategies in real market scenarios.

Options Trading – Focus on leveraging options contracts for regular income, hedging or speculating.

**Technical Analysis **– Study price patterns, indicators and chartist theories to time profitable entries and exits.

Fundamental Analysis – Assess underlying company performance data to pick strong stocks and understand value.

Like any skill-building endeavor, learning how to excel at stock markets requires more than just reading books. Here are some key guidelines on using stock market books effectively:

Take Notes – Don’t just read passively. Actively taking notes and summarizing key concepts cements retention and understanding.

Apply Learnings Repeatedly – Put newly acquired strategies into practice consistently to convert knowledge into trading skills excelling at real-time analysis and decisions.

Re-Read Difficult Sections – It takes repetitions across time, and researching supplemental materials to fully grasp complex formulations.

Cross-reference Strategies – Evaluate how strategies from different leading books complement or contradict each other for greater perspective.

Stay Up to Date – Revisit your well- highlighted books as markets evolve to view time-tested concepts through a current lens.

Preserve Books Properly – Keep books away from heat/moisture, handle gently, and consider digitizing favoured guides for easy reference across devices.

The best practices for maximizing stock market book value involve taking an active reading approach tailored to your needs. Pair textual studying with virtual trading simulations before committing real capital. Revisit underlined passages frequently, and integrate the emerging patterns into your core trading philosophy over the long-term.

The best books for learning about the stock market based on the products listed are:A Beginner’s Guide to the Stock MarketInvestonomy : The Stock Market Guide That Makes You RichGuide to Indian Stock Market : Basics of Stock Market for BeginnersStock Market Crash Course -Hindi Edition | Stock Market | Pushkar Raj Thakur | PRT | GoSelfMadeThe Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns, 10th Anniversary Edition

These books provide a good introduction and overview of the stock market, making them ideal choices for those just starting out.

The best books for stock market trading based on the products listed are:How to Avoid Loss and Earn Consistently in the Stock Market: An Easy-to-understand and Practical Guide for Every InvestorStock Investing MastermindHow I Made $2,000,000 in the Stock MarketCOMBO : Guide to Indian Stock Market + Fundamental Analysis of Shares + Guide to Technical Analysis & CandlesticksHow to Make Money With Breakout Trading: A Simple Stock Market Book for Beginners – The Secret of becoming Intelligent Investor – Price Action Trading through subconscious mind and the Power of Now

These provide more advanced trading strategies beyond just foundational knowledge, making them the top recommendations for investors looking to actively trade in the stock market.

The best books for beginners in the stock market based on the products listed are:A Beginner’s Guide to the Stock MarketInvestonomy : The Stock Market Guide That Makes You RichGuide to Indian Stock Market : Basics of Stock Market for BeginnersStock Market Crash Course -Hindi Edition | Stock Market | Pushkar Raj Thakur | PRT | GoSelfMadeThe Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns, 10th Anniversary Edition

These provide a solid background and introduction to the stock market, making them ideal choices for those just starting out as beginner investors.

The ideal stock market trading book provides actionable ideas beyond just inspiration. It should include detailed frameworks around scanning, entries, position sizing and exits backed by data or real trader experiences. Books like Trade Like a Stock Market Wizard, How I Made $2 Million in the Stock Market, and Options Trading guides best meet these criteria.

Rather than sticking to just one, reading multiple books exposes you to a diversity of effective techniques based on market veterans’ varying philosophies. Investors can look for common intuitive concepts emphasized unanimously across books as key pillars while appreciating nuanced tactics.

As a beginner, focus on retaining key concepts rather than memorizing formulas during your first read. Re-read confusing sections and take detailed notes. Cross-reference online resources for alternate explanations of technical ideas. Above all, put the main ideas into consistent practice rather than pursuing advanced books too quickly.

Some of the top fundamental analysis books optimized for Indian stocks based on our compilation include Guide to Fundamental Analysis, Fundamental Analysis and Valuation of Stocks, and 11 Secrets to Find Value Stocks. These clearly explain financial ratios calculation and company performance evaluation tailored to Indian equities.

Mumbai Wealth Management

Kanpur Stock：Plan is to bring Air India up to the same levels as Vistara： CEO Vinod Kannan

Plan is to bring Air India up to the same levels as Vistara： CEO Vinod Kannan

Q. You have built a formidable and respected brand in Indian aviation. It is going to integrate with a much bigger and older brand (Air India), which has so far not been celebrated for service excellence. How do you see the merger shaping the new Air India brand?

In the aviation business, you need scale, and if you look at the Air India order book, it gives us a chance to expand and grow pretty fast. That is the rationale and it makes perfect sense.

Yes, we (Vistara) have managed to have a good standing in the Indian consumer space. If you look at it objectively, as you mentioned, Air India has so far not come to that level of excellence. But the good thing is that now we have competition approvals, our people can discuss and share knowledge and experience. And the intention and plan is to bring Air India up to the same levels as Vistara. I would say that the expertise at Vistara is crucial for that to happen, because we’ve actually burnt our fingers, we’ve learnt things the hard way, and it’s only fair that we transfer that knowledge since the shareholders are the same.

Yes, that’s the process, it could be a bit tough in the short to medium term because any integration is complicated. But the shareholders ( and Singapore Airlines), myself, Campbell (Air India CEO Campbell Wilson), are all on the same page that Air India should, and will get to that level, if not better.

QKanpur Stock. What is the current status of the integration and merger between Vistara and Air India?

The first set of approvals is competition-related and the CCI (Competition Commission of India) has already approved the merger, and so have most other jurisdictions. We have a few pending, Singapore being one of them. I think that is the last one pending, which we hope to get latest by March. The next one is NCLT (National Company Law Tribunal), which is the official merger approval from the Ministry of Corporate Affairs, and that process is also ongoing. We are confident that that should also come through by the first quarter or the first half of this year. The last one is the DPIIT (Department for Promotion of Industry and Internal Trade) approval. We expect all the approvals to come by the middle of this yearPune Investment. Once all these legal approvals are in, the operational merger will start. If all goes right, and subject to further approvals from the ministry (of civil aviation) and , we expect things to take another 12 months or so. So roughly, the timeline for the merger is 2025.

QJaipur Investment. Air India is an older brand that has a strong recall value globally, while Vistara is seen as the better brand in India. Would it not be better to have all international operations under the Air India brand and domestic under Vistara, instead of merging the brands as well?

If you have separate AOCs (Air Operator Certificates) or separate airline registrations, you have to have separate machinery—post holders, specific safety and operational apparatus, etc. It is a lot more efficient if you combine these together instead of having two airlines. Also, one brand makes it a lot more seamless for the customer, particularly on the domestic-to-international connections. So, those are some of the considerations. In the grand scheme of things, with India growing so fast, you will have a lot of feed into the international segment from domestic. So, it makes even more sense to have a single entity.

Q. Mergers can be quite messy when it comes to people integration. How is the morale among Vistara employees about what the future holdsChennai Stock? Are there concerns and anxieties around possible staff restructuring and their roles in the merged entity?

The communication from me, Campbell, as well as the board and the shareholders has always been that this is a merger for growth. We are not merging to cut costs. In fact, if anything, the costs are going to go up 3X because the number of aircraft are going to go up that much. So, there is not going to be a dearth of opportunities in the bigger scheme of things. We hope that that message goes through.

Q. Have you started the process of charting out growth paths for your crew in view of the integration, considering there will be more opportunities to transition to wide-body aircraft in the merged airline?

Wherever it’s possible legally and from a compliance perspective, those things have happened. We’ve had town halls with pilots to tell them what is the progress path as everyone wants to ultimately fly on the wide-body aircraft. If you look at the world today, there are not many airlines that give you this opportunity. We have a mix of wide and narrow-body aircraft, and everyone gets a chance, subject to requirement and skill, to move to the wide-body fleet. The principles have been charted out and I think the process and the operational transfer of the pilots will start once we have the approvals.

Q. Despite the integration with Air India under works, Vistara has not slowed down in terms of flight launches and taking aircraft deliveries. Could you talk us through the strategy?

AS I mentioned earlier, the shareholders are the same and the aircraft are here, so you need to deploy them. You cannot keep them on ground. And there is demand, especially for international travel. In fact, around 35 per cent of our capacity is deployed for international flights and that is what we are focusing on. That process will continue. We have three more aircraft that are to be delivered by March or April of 2024, taking the Vistara fleet to 70 aircraft.

The credit goes to my team, because despite all the so-called anxieties, thankfully, they have not let the ball down. They have not let any of us down.

QKanpur Wealth Management. The government has come out with new FDTL (flight duty time limitations) guidelines that are slated to take effect from June 1. How many additional pilots would be required to meet the new norms without affecting the network? Do you foresee capacity cuts?

The rough calculation across the industry is that, as an industry, we need 15 to 20 per cent more pilots, assuming you want to maintain the same network. It could be a scenario where, if you need to comply with these rules by June 1 with the same number of pilots, you will have to shrink your network. For us (Vistara), the impact may be slightly lesser because we are not a low-cost carrier, so we don’t operate so many flights in the midnight hours. But having said that, given the current mandate of compliance by June 1, it basically means that you will have to cut back on capacity. So, there might be aircraft sitting on the ground, or it basically means you have to ramp up the pilot situation, which is something we are all working towards.

The usual lead time (for getting newly-hired pilots ready to operate flights) is about six months. The process (of onboarding more pilots), in fact, had started before (the new were announced). So, we will have to see to what extent we are successful.

Q. Any clarity yet on what your role might be in the merged airline? Or are you looking to go back to Singapore Airlines?

Agra Investment

Varanasi Stock：Gold demand surges after budget, but rates drop. Should you buy？

Gold demand surges after budget, but rates drop. Should you buy？

Following Finance Minister Nirmala Sitharaman’s announcement of a reduction in gold customs duty during Budget 2024, customers have rushed to jewellery stores to take advantage of lower gold prices.

This has led to a notable increase in demand for gold, particularly as the wedding season approaches.Varanasi Stock

Since the duty cut, customers in India, the world’s second-largest gold market, have flocked to jewellery stores to buy gold at reduced rates. Many are opting for heavier pieces of jewellery that were previously out of reach when gold prices hit a record high of Rs 74,000 per 10 grams.

Jewellers have reported a rise in daily demand, with some experiencing a surge of up to 20% since the duty reduction. To meet this increased demand, jewellers have cancelled their craftsmen’s leave, anticipating that the high demand will continue through the festive season. India imports nearly all the gold it uses for jewellery and bars.

Following the budget announcement, gold prices have dropped from Rs 72,609 per 10 grams on Tuesday to Rs 69,194 per 10 grams on Wednesday. This Rs 3,415 per 10 grams drop came after the government reduced the customs duty on gold imports from 15% to 6%.

On the Multi Commodity Exchange (MCX), gold prices declined over 1.5% on Thursday, in line with international bullion price trends. The MCX gold rate fell by Rs 1,159, or 1.68%, to Rs 67,793 per 10 grams. Silver prices also dropped sharply, falling more than 4% as traders awaited key economic data from the US.

Internationally, gold prices fell as investors took profits ahead of anticipated US economic data, which could indicate when the Federal Reserve might cut interest rates this year. According to Reuters, spot gold prices fell 0.9% to $2,377.29 per ounce, while US gold futures dropped 1.6% to $2,376.70.

Rahul Kalantri, VP of Commodities at Mehta Equities Ltd, said, “We have seen sharp declines in gold and silver prices in Asian markets due to increased economic concerns in China. However, potential Federal Reserve rate cuts in September could offer some support for prices.”

Jigar Trivedi, Senior Research Analyst at Reliance Securities, said, “The 50% retracement level for gold is around Rs 65,800 per 10 grams, which is a major support level for now. After a period of consolidation, gold prices made a decisive move in JulyJaipur Stock. While a pullback is possible, the overall outlook appears weak.”

Agra Stock