10 May 2012

How to AVOID paying TDS on fixed deposits

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There are in fact four easy ways to earn interest on fixed deposits and keep it too.
Fixed deposits (FDs) are one of the most-favored investment instruments in India. FD can be defined as a financial investment where money is invested for a fixed tenure at a pre-agreed interest rate.
There are many varieties of FD schemes available in the market, and an investor can opt one depending on its need and suitability.
Before we get into the details of how to avoid paying TDS on interest earned on FDs let us take a look at some important FD schemes:
1. Regular FD schemes
In this FD scheme, the tenure is fixed for a period ranging from 1 week to 10 years. The interest rate of each period is pre determined, and an investor can choose FD for a suitable period.

BSE, Bulk deals, 10/5/2012

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Deal DateScrip CodeCompanyClient NameDeal Type *QuantityPrice **
10/5/20125121618K Miles SoftwareJAGDISH RAMANLAL PATELB4999053.40
10/5/2012511706Action FinSCOPE VYAPAR PRIVATE LIMITEDB10000038.90
10/5/2012524448Ahlcon ParRAJASTHAN GLOBAL SECURITIES LTDS51786427.50
10/5/2012512253Bio Green IndsRAMACHANDRA VITTHAL SAVARDEKARB7000012.14
10/5/2012512253Bio Green IndsNIPA CHETAN SHAHS6950012.13
10/5/2012531270Dazzel ConfBRIJESH ASHOKBHAI HALARIB8115972.63
10/5/2012531171Devika ProtMIHIRBHAI SUMANBHAI PARIKHB650003.30
10/5/2012531171Devika ProtT J R SONS LTDS890003.30
10/5/2012526532Essen SuppSURVI DEALERS PVT LTDB5000021.65
10/5/2012526532Essen SuppMARS TREXIM PRIVATE LIMITEDS5000021.65
10/5/2012531531Hatsun AgroCHANDRAMOGAN R GB62500083.20
10/5/2012531531Hatsun AgroSHANMUHASUNDARAMS62500083.20
10/5/2012514312Jaihind SynVINOD RAMB5750012.52
10/5/2012514312Jaihind SynVALUE PLUS SHARES N SECURITIES PRIVATE LIMITEDS5656012.50
10/5/2012530547KEN Fin ServUMASHANKAR VEDPRAKASH AGARWALB5994550.00
10/5/2012530547KEN Fin ServRAMESH KRISHNA KULAYEB4990050.25
10/5/2012530547KEN Fin ServASHISH CHAUDHARYS11000050.11
10/5/2012530039Lords ChemicalsRAJENDRA KUMAR SHARMAB3195058.50
10/5/2012530039Lords ChemicalsLUNIA COMO-TRADE PVT LTDS3357058.48
10/5/2012531515Mahan IndsVORA FINANCIAL SERVICES PRIVATE LIMITEDB2668012.40
10/5/2012531515Mahan IndsVORA FINANCIAL SERVICES PRIVATE LIMITEDS6488002.43
10/5/2012590117Mahaveer Infoway-$RAMAVADH JANGU YADAVB4895019.62
10/5/2012590117Mahaveer Infoway-$RAMAVADH JANGU YADAVS5369219.89
10/5/2012530497Marvel CapitalSLP TRADERS (SATISH VASANT GHONE )S4000021.90
10/5/2012530955MINDVISCAPPAREKH SHARADCHANDRA MUGATLALS17000014.03
10/5/2012590074Ortin Lab-$MUDRIKA SHIVSHANKAR BANGARS2430929.31
10/5/2012505525Parichay InvestVIRENDRAKUMAR JAYANTILAL PATELB1068199.97
10/5/2012505525Parichay InvestSUMAN VIJAY GUPTAS6000100.51
10/5/2012511734Pasupati FinNEELESH KUMARB36520021.90
10/5/2012511734Pasupati FinSHAMMEI NAVINKUMAR PATELB3000022.35
10/5/2012511734Pasupati FinPARTHIV SUDHAKARBHAI SHAHB2500022.70
10/5/2012511734Pasupati FinRAHUL DEVENDRABHAI SHAHS3200022.15
10/5/2012511734Pasupati FinNIYATI DINESHCHANDRA LIYAS4000021.90
10/5/2012511734Pasupati FinSAJAN ARVINDKUMAR JOSHIS3100021.90
10/5/2012511734Pasupati FinNEELESH KUMARS3426422.70
10/5/2012511734Pasupati FinASHI ARUNKUMAR TULSIANS2500021.90
10/5/2012511734Pasupati FinARUNKUMAR J TULSIAN HUFS2500021.90
10/5/2012511734Pasupati FinVIPUL MOHANLAL JOSHIS6006121.90
10/5/2012513611Pithampur SteelPHENOMENAL CRAFT PVT. LTD.S456006.51
10/5/2012531207Raymed LabsMUDIT AGARWALS3499829.80
10/5/2012512465Santowin CorpESQUIRE ENCLAVE PRIVATE LIMITEDB50000015.00
10/5/2012512465Santowin CorpSANJAY SRICHAND VANWARIS50000015.00
10/5/2012530525Sheetal DiamNALINI SAKARKUMAR PATELB266324.28
10/5/2012526951STYLAMINDSUSHILA SUSHILAB6150023.97
10/5/2012531499Sybly Inds-$LAXMITA GUPTAB39760010.25
10/5/2012531499Sybly Inds-$BAMPSL SECURITIES LTDS35000000.25
10/5/2012532311Tutis Tech-$PAREKH SHARADCHANDRA MUGATLALB14000012.75
10/5/2012590111VAISHNAVISAI NITHISHA PARVATHANENIS1203007.16
10/5/2012530109Vantage CorpMAYUR K DESAIB2500010.50
10/5/2012530109Vantage CorpREKHA KISHOR SHAHS2500010.50
10/5/2012533495Welspun GlobalRELIANCE MUTUAL FUNDS18430026.83
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price

NSE, Bulk deals, 10-May-2012

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DateSymbolSecurity NameClient NameBuy / SellQuantity TradedTrade Price /
Wght. Avg.
Price
Remarks
10-May-2012APTECHTAptech LimitedRAKESH RADHEYSHYAM JHUNJHUNWALABUY10,95,00070.44-
10-May-2012APTECHTAptech LimitedTHE ROYAL BANK OF SCOTLAND N.V.SELL9,78,50070.25-
10-May-2012HDILHousing Development and IGENUINE STOCK BROKERS PVT LTDBUY23,49,85964.04-
10-May-2012HDILHousing Development and IGENUINE STOCK BROKERS PVT LTDSELL23,49,85964.06-
10-May-2012RANKLINRanklin Solutions LimitedBACHU SREEDHAR PRASADBUY65,2138.23-
10-May-2012RANKLINRanklin Solutions LimitedKANAKAVALLI TAYARAMMA MIKKILENENIBUY45,0008.07-
10-May-2012RANKLINRanklin Solutions LimitedKANAKAVALLI TAYARAMMA MIKKILENENISELL45,0008.17-
10-May-2012WELGLOBWelspun Global Brands LtdRELIANCE MUTUL FUNDSELL1,01,00026.56-

The Absolute Return Letter May 2012 - Don't Fight the last war

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"Investors often behave as if they operate in a world of logic and certainty even when that is not the case. For that reason, history is littered with investors who have failed miserably. In this month's Absolute Return Letter we look at many of the pitfalls facing risk managers and we take a stab at where the next big crisis is going to surface. Our conclusion may surprise a few readers. "

Uncertainty, still far from over. ::Anand Rathi

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Uncertainty, still far from over.

NIFTY

Nifty has breached 200 day moving average at 5114 and closed below that on a 3 consecutive days which is very negative, till 5300 on the higher side is not crossed 4800-4500 could be the possible levels. Nifty crossing 5300 then re-testing 5600 can not be ruled out. Nifty rally from 4531 to 5629 for which 61.8% retracement comes to 4950 and closing below it negativity would be very high.

Nifty below 4800 only weakness would start till then range bound market is expected with Textile, FMCG, Paint and Pharma stocks showing strength.

SENSEX

SENSEX- has closed 3 trading days below 200 DMA 16959 and 200 WMA is 16020. It has broken down from a falling wedge formation and now 15950 would be very strong support breaching with 15135 which is lowest since Sep 2009, can be re tested and previous data points that when ever Sensex has breached previous years low 20% correction has always happened. Till Sensex doesn't cross 17200 on the higher side there is always a risk of market correcting and normally May - June have traditionally being negative months on even years.

Sell in May and Go Away.??

Ø  This proverb has a supportive history for US markets, but it has not worked all the time and for all the countries or Emerging markets as such. It has worked best in 5 years of (1992, 1998, 2002, 2008 and 2011) but it has failed in the years (2003, 2005, 2007 and 2009) globally.

Ø  So do India also follow the same league, in the past it has but with a difference it has corrected every two years in the month of May.Till now it has corrected almost 5% till now.

Depreciating rupee is adding ot the woes.

Ø  Rupee has been very volatile for some time now. In the last year rupee has corrected almost 15% (April-March).  
Ø  On the other hand rupee depreciation is helping the export oriented companies like textiles - Raymond, Arvind), IT companies ( Wipro, TCS) and select Pharma companies (Glenmark, IPCA, SUNPHARMA).
Ø  Imports are facing the brunt especially the Oil imports which is hurting our economy.

SIP is the best approach.

We like NBCC, ARVIND, NALCO, PFIZER, STANCHARTDR, RALLISINDIA and PIRAMALGLASS



Thanks & Regards


Derivatives Report - 10.05.2012 -Angel Broking -PDF link

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Market Summary - 10.05.2012 -Angel Broking -PDF link

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Technical Report - 10.05.2012 -Angel Broking -PDF link

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Market Outlook - 10.05.2012 -Angel Broking -PDF link

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First cut - Sobha Developers Ltd: Microsec

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Sobha Developers Ltd announced its Q4 FY12 and Annual results on 7th May 2012. Sobha Developers has posted Standalone net profit of Rs 89 Crore for the fourth quarter ended March 31, 2012 as compared to of Rs 40 Crore for the quarter ended March 31, 2011, representing an increase of 121%. Total income has increased from Rs 321 Crore for the quarter ended March 31, 2011 to Rs 477 Crore for the quarter ended March 31, 2012, representing an increase of 48%.

EBITDA Margin of the company increased from 24% to 37%, registering an improvement of 13%.

On a Yearly basis, its net sales increased by 1.4% to Rs 1396  crore and PAT increased by 10% to Rs 200 crore. EBITDA margin has improved from 25% to 31%.

Sobha Developers Ltd - Quarterly-Standalone - [INR-Crore]
Sobha Developers Ltd -Annual-  [INR-Crore]
DESCRIPTION
Q4 12
Q4 11
Q3 12
YOY
QOQ
DESCRIPTION
FY12
FY11
YOY


 Revenues
476.90
321.00
313.70
48.57%
52.02%
 Revenues
1396.50
1376.70
1.44%
Total Expenditure
296.30
243.10
238.40
21.88%
24.29%
Total Expenditure
962.60
1026.70
-6.24%
EBITDA
180.60
77.90
75.30
131.84%
139.84%
EBITDA
433.90
350.00
23.97%
 EBIDTA Margins
37.87%
24.27%
24.00%
   1,360.17 BPS
     1,386.57 BPS
 EBIDTA Margins
31.07%
25.42%
        564.74 BPS
Other Income
1.30
4.20
2.30


Other Income
6.30
5.90

Operating Profit
181.90
82.10
77.60


Operating Profit
440.20
355.90

Interest
37.10
21.60
9.30
71.76%
298.92%
Interest
106.20
84.50
25.68%
Exceptional Items

0.00



Exceptional Items
0.00
0.00

PBDT
144.80
60.50
68.30


PBDT
334.00
271.40

Depreciation
11.70
6.90
10.60


Depreciation
38.80
27.80

PBT
133.10
53.60
57.70


PBT
295.20
243.60

Tax
44.10
13.40
17.60


Tax
94.40
61.20

 Net Profit
89.00
40.20
40.10
121.39%
121.95%
 Net Profit
200.80
182.40
10.09%
PAT  Margins
18.66%
12.52%
12.78%
      613.88 BPS
         587.93 BPS
PAT  Margins
14.38%
13.25%
        112.97 BPS


Equity Capital
98.10
98.10
98.10


Equity Capital
98.10
98.10

Face Value (In Rs)
10.00
10.00
10.00


Face Value (In Rs)
10.00
10.00



Diluted EPS
9.08
4.10
4.09
121.46%
167.82%
Diluted EPS
20.48
18.61
10.05%



Regards,

Team Microsec Research