Fifteen stocks for 2014

It is common ritual that we wish to start afresh at the beginning of a all new year. Most of investment bankers and brokers are coming out with their own list. While sifting these reports, One list published by Outlook Business magazine looks sensible. Though the stocks appears to be good, do invest in multiple chunks in dips.

Now the list

  1. MPS
  2. Repco Home
  3. Kaveri Seeds
  4. Tata Global
  5. Yes Bank
  6. Aditya Birla Nuvo
  7. ING Vysya Bank
  8. ICICI Bank
  9. Motherson Sumi
  10. ITC
  11. Inox Leisure
  12. MOSL
  13. Voltas
  14. Mahindra Holiday
  15. L& T

For rationale, please do read Outlook Business Special issue dated January 4, 2014. Stocks are listed as such not by any ranking.

 

Happy investing ......

 

no trading in non-agricultural commodities futures on Saturdays starting September 21st 2013

Forwards Market Commission (FMC) has decided that there shall be no trading in non-agricultural commodities futures on Saturdays starting September 21st 2013.Trading in agricultural commodities presently available for trading will continue on all Saturdays between 10:00 am and 2:00 pm.


 

IIFL Public Issue of Secured Redeemable NCDs opens on September 17, 2013 with 12% yield

India Infoline Finance Limited is proposed to issue secured “ Non Convertible Debentures” with  an option of monthly and annual interest payment and the yield works out to 12.68% p.a. for the monthly interest option.

logo_iifl

The face value of each NCD is Rs 1,000 and minimum application is Rs 5,000 or five NCDs. The NCDs have an investment maturity tenure of three years and five years. For someone in the highest tax bracket, the 12% coupon rate works out to approximately 8.4% post-tax. The post tax return  for an investor in the 20% tax bracket is around 9.6% and it is 10.8% for someone in the 10% tax bracket. It has a “Care AA” rating from CARE.

Specific Term of Issue

Options I II III IV
Tenor 3 years 3 years 5 years 5 years
Coupon rate % 12 12 12 12
Effective yield
12.68 12 12.68 12
Interest Frequency
Monthly Annually Monthly Annually

Those wish to lock the fund for 3-5 years for a post tax yield of 8.4% per annum can invest. No TDS, if the debentures are held in demat. Minimum investment required is Rs.5000 (5 bonds).

Launch of Online Payment System for Passport Applicants in India

Launch of Online Payment System for Passport Applicants W.e.f 14th June, 2013, Online Payment System will be applicable for taking appointments at following PSKs - Ahmedabad1- Arya Arcade, Ahmedabad2- Sheetal Varsha, Rajkot, Vadodra,
Surat, Jammu, Srinagar, Guwahati, Saligramam, Tambaram, Aminjikarai, Madurai, Tirunelveli City, Trichy, Thanjavur, Coimbatore, Amritsar, Jalandhar1- Eminent Mall, Jalandhar2- Aman’s Plaza and at Hoshiarpur.

pass
Online Payment System is already applicable at Dehradun, Chandigarh, Ambala, Ludhiana and Vizag PSKs.
With the establishment of Passport Seva Kendras, MEA has taken assertive steps to deliver passport services to citizens in a timely, transparent, more accessible and reliable manner.
With launch of online payment based appointments, applicants will be required to make payment at the time of booking appointment on the MEA website. With this, only genuine
applicants will book the appointment and number of no-shows will reduce. Under the new process, payments can be made while booking an appointment on the website – www.passportindia.gov.in either by Credit /Debit card (both Master and Visa) or internet
Banking of State Bank of India. Applicants can also use the Challan option provided on the website and deposit the money in State Bank of India (SBI) branch after generating Challan online. In such cases, upon the confirmation of payment receipt by SBI in online system, applicants can take appointment. Further, instead of applicant choosing the date and time slot of appointment, system will automatically give earliest available appointment.
The new system will be gradually rolled out to all PSKs across the country in coming weeks. As part of MEA’s e-Governance initiatives, the Passport Seva Project (PSP) has transformed the
passport issuance system across India through an increased network of 77 PSKs.

29 Axis bank accounts hacked, Rs 13 lakh withdrawn from ATMs


Several Axis Bank accounts were hacked during April and May.  The cyber fraudsters had withdrawn Rs 13 lakh from these 29 bank accounts which had been hacked.

Police claimed that the debit cards have been cloned and the withdrawal done in Greece, adding that an FIR will be lodged soon in this connection.

Yes Bank : Update

Advaniji's resignation announcement overshadows today's equally important news. One among them is Yes Bank director election. YES Bank's rejection in 2009 for its board the candidature of a double-graduate in economics and biology, a masters in business administration, with deal making experience at Rabo and ICICI Venture Funds, was simply atrocious ."In case of a listed bank where a family has a large holding , it is best to sit together and sort out the issues in case of any disagreements between the family members as going to the court will not help anyone,'' said Deepak Parekh, chairman of Housing Development Finance Corp and an elder statesman of Indian finance in the Economic Times. It further adds that the bank did not respond to questions whether Gogia was interviewed, or whether the board communicated to her that she may face regulatory obstacles. Shagun and her mother Madhu declined to speak too. Ashok Kapur's family, now headed by his wife Madhu Kapur after he was killed in the November 2008 terrorist attack in Mumbai's Oberoi Hotel, wants the family to be at least consulted on the nomination of directors though they still believe Shagun is qualified to be a director. Shagun, a student of Lawrence School in Sanawar, has graduated in economics and biology from Tufts University, Boston. She went on to secure a post graduation in management from the Indian School of Business, Hyderabad that helped her set foot in the world of finance as an executive at Rabo Finance and secure a position at ICICI Venture Funds Management, the nation's largest private equity fund. Shagun now runs her private equity fund Tuscan Ventures Pvt. Ltd.

"Three resolutions pertaining to the appointment of Diwan Arun Nanda, Ravish Chopra and M R Srinivasan, whose appointments were earlier approved by the board, were put to vote following request by a shareholder.."Overall 57 per cent of the total shareholder ownership votes were polled, and the general body of the shareholders passed all the three resolutions with an overwhelming majority of about 80 per cent and elected all the three aforesaid directors," the city-based bank said in a statement. It was alleged that votes of many shareholders who were neither present, nor sent proxies, were found during the counting. The voting was open for too long for the management to bring in many executives with employee stock options to tilt scales in its favour. Madhu Kapur holds 12% of the bank, while Rana Kapoor owns 13.7%.

Today the Bombay High Court has directed YES BankBSE to consider an appointment of Sagun Gogia as the director on the board .Business Standard reports that" a source indicated that the disagreement between the promoters is primarily over the right to nominate directors on the board of the bank"."Whether or not Shagun should be appointed is secondary. As per the articles of association, the family of Ashok Kapur has the right to nominate directors on the bank's board. That right needs to be protected," the person said adding that the dispute could be resolved if the bank allows Madhu Kapur to nominate directors.Another person also confirmed that both the parties were in favour of an out-of-court settlement. "Both the groups need to reach an agreement but I am confident that it is possible," the source said.

Let's hope, the wisdom prevails .


 

Resolve your issues quickly and ethically : Request to Yes Bank

Yes Bank is one the promising private sector banks growing at a healthy rate. It is a darling of almost all the Stock research Firms and recently increased its retail business significantly by announcing innovative interest rates. But for the past few days , the company is in the News for wrong reasons. The difference of opinion between promoter families  on the appointment of three directors to the board  came to open and the matter is in the court.

yes 

Yes bank was co-founded by Late Shri. Ashok Kapur and present Managing Director and CEO, Rana Kapoor (brother-in-laws). Ashok Kapur, non-executive chairman of private sector lender Yes Bank, was killed by terrorists in the Trident-Oberoi hotel complex in 26/11 Mumbai Terrorist attack and Rana Kapoor continue to run the show.

“On October 27, 2012, in a filing to the BSE, YES Bank had said that it was appointing Ravish Chopra, Diwan Arun Nanda and M.R. Srinivasan as additional directors.

While Rana Kapoor holds 13.72 per cent in the bank, Madhu Kapur holds 12 per cent that she got after Ashok Kapur’s death in the 26/11 Mumbai terror attacks. The Madhu Kapur family, which has no nominee on the board, argued that according to the bank’s Articles of Association, it must be consulted before the appointment of whole-time directors.

In 2009, the family had proposed the name of Shagun Gogia, daughter of Ashok and Madhu, to bank’s board. However, the board had declined this request, saying she did not meet the “fit-and-proper,” criteria set out by the Reserve Bank of India.”

According to the Bombay HC order, senior counsel Birendra Saraf, representing Madhu Ashok Kapur, said the main grievance of the plaintiffs was that they had not been consulted by Rana Kapoor and, in fact, the names of the three individuals were recommended by Kapoor for the director’s post without concurrence of the plaintiffs.

After Saturday’s AGM, Shagun declined to comment stating that the High Court had barred her from speaking to the press. But an associate of Shagun, who declined to be named, said it is for the RBI to decide if she meets the “fit-and-proper” criteria. “YES Bank cannot make unilateral judgments,” the associate said.The matter will come up again for hearing on Monday at the Bombay High Court.The management declined to comment, pending the outcome of the voting. It only said the result would be made public in the next 48 hours.

The Economic Times reports that “But it is believed that the voting strength is in favour of the appointment will ensure that Diwan Arun Nanda, Ravish Chopra and MR Srinivasan. Although promoters' voting rights are capped at 10%, the presence of a lot of staff and shareholders loyal to the management might have voted in favour of the appointments.”

According to a report published in Today’s The Hindu Business Line “According to shareholders who attended the AGM, a few tried to raise the issue with the management but in vain. The AGM was closed to the media.A few shareholders told newspersons outside the hall that they asked the management to sort out the issue quickly. “We told them that they have to sort out the issue as soon as possible. Once it comes in the media, YES Bank’s reputation will be affected. Share prices will crash. Who will be the sufferers?” asked a shareholder Homa B. Pouredehi.Another shareholder said: “They (the Kapur family) should have been consulted. What YES Bank is doing is not ethical.””

We believe Yes bank is having very high potential. Both the founding families should have  a say on important board appointments. They should have appointed Ms.Shagun Gogia as one of the directors and let the RBI decide on her eligibility.  For the best interest of all concerned including minority shareholders, resolve the issues quickly and amicably.  

Yoga and Meditation Timer App in Android

Meditation is good to your mind and body. There are several methods of meditation available. Whatever may be your method, you should be in worry free state to get full benefit. One of the main worries of a Meditator, is timing of different stages of meditation.

You need good timer with alarm to indicate different stages of meditation. As each practice need different interval alarms and differentiating sounds, a good timer should be flexible and function rich. Though I tried two different Apps Zen Time and Insight Timer, I find Insight Timer is slightly superior and highly flexible.

 

- Recorded with high quality digital audio equipment at a famous meditation center, these new bell samples are amazing. Crystal clear with extra long fade outs. They sound great with the built-in speaker, but to get the full effect, try using headphones or external speakers.

- Choose from seven different bells of varying size and metal compositions - from bright and clean to deep and complex with lovely overtones. A wood block sound is also included.

- Bells can be configured to ring at the start, the end, and at specified times during your session. Each bell can be set to ring once, twice or three times. The delay between strikes is configurable from 1 to 20 seconds.

- Powerful logging and statistics features allow you to track your progress over time. Multiple charts, a complete session log and helpful statistics give you a complete picture of how your practice is evolving.

- Presets allow you to save an unlimited number of configurations and assign names to them. If you have multiple meditation routines (such as Morning and Evening), this makes it easy to switch between them without any configuration changes.

- You may set a background image from your own photo album. While the timer is running, your image is shown full screen. Optionally, the time display and controls can be hidden so that they are shown only when the image is tapped.

- Meditation Journal: You may enter notes about each session when the timer ends - a practice that many people find to be helpful and therapeutic. Your journal entries can be exported via an email attachment. Journal access may be password protected to ensure privacy.

- Insight Timer is geared toward meditation, but it also works great for yoga, Reiki, exercise or any other activity that you wish to time.

- Pause and resume your timer session.

- Optionally vibrate with or instead of bells.

Both Free and Paid versions are available in the Google Play.

FreeVersion : https://play.google.com/store/apps/details?id=com.spotlightsix.zentimerlite2&hl=en

Paid Version : https://play.google.com/store/apps/details?id=com.spotlightsix.zentimer&hl=en

New STT and CTT rates

Brokerage firm Zerodha explains the new STT and CTT rates..

zerodha_logo

Firstly,

STT stands for Securities Transaction Tax and this was first introduced in 2004 by the FM P. Chidambaram. This was the same year when the FM waived off any long term capital gain tax, which basically meant that if you bought and held a stock for more than 1 year and if you sold it at a profit there would be no tax on this profit. The intent behind waiving off was to encourage people to invest into equities for long term.  It also would have meant as a revenue loss for the government and STT was introduced to make up for this loss.

With STT, you would now have to pay tax when you traded itself. The rates until June 1, 2013 were:

For equity delivery based: 0.1% of  the turnover on both buy and sell sides. For equity intraday: 0.025% of the selling side turnover.

For futures and options: 0.017% on the selling side turnover.

India is one of the few countries in the world where you have to pay a tax on trading the markets even before you make profits. Over the last few years brokers/traders kept representing this case and finally in this budget - February 2013, the rates on futures were reduced which is in effect from June 1, 2013. Please note that only the rates of futures trading has been reduced and the rates for trading equity - delivery/intraday and options trading remains the same.

STT for Futures (stock and index) from June 1, 2013 is 0.01% of the selling side turnover. STT on Options and Stocks remain the same as mentioned above.

If you trade ETFs STT earlier was 0.1% on buy and sell turnover. The new STT rates from June 1, 2013  for ETFs is Zero on buying side and 0.001% on the selling side.

The cost of trading ETFs will drop drastically especially since you trade at Zerodha. To know more about ETFs click here.

This is applicable to all contracts on NSE, BSE and MCX-SX.

*Please note that there is no STT presently for trading currency futures and options.

CTT stands for Commodity Transaction Tax and has been introduced only in this budget February - 2013. This tax has been introduced most likely for making up for the revenue loss to the government which it will make by reducing the STT for equity futures as mentioned above.

CTT is 0.01% on the selling side turnover for trading all non-agri commodities like Gold, Silver, Crude, Zinc, Copper, Aluminium, Lead, Natural Gas, Nickel, etc... All the agricultural commodities will continue to have Zero CTT.

CTT was supposed to be effective from June 1, 2013 as per what was announced in the budget. But we have yet to receive any notification from FMC - Forward Markets Commission (commodity regulator) or MCX/NCDEX (commodity exchanges) asking us to follow the new rates. Until we receive this notification you will continue to pay no CTT and our internal sources suggest that the new CTT rates might be applicable only from September 2013 onwards. :

Revision in rates of Securities Transaction Tax

 

This is to inform you that subsequent to the presidential assent to the Finance Act 2013 received on May 10, 2013, the rates of levy of Securities Transaction Tax (STT) are revised with effect from June 1, 2013 as below

 

Sr. No. Taxable securities transaction Effective rate till31.05.2013 New rate from01.06.2013 Payable by
A B C D E
1. Purchase of an equity share in a company, where -
(a) the transaction of such purchase is entered into in a recognised stock exchange; and
(b) the contract for the purchase of such share is settled by the actual delivery or transfer of such share
0.1 per cent 0.1 per cent
(No Change)
Purchaser
  Purchase of a unit of an equity oriented fund, where -
(a) the transaction of such purchase is entered into in a recognised stock exchange; and
(b) the contract for the purchase of such unit is settled by the actual delivery or transfer of such unit
0.1 per cent NIL -
2. Sale of an equity share in a company, where –
(a) the transaction of such sale is entered into in recognised stock exchange; and
(b) the contract for the sale of such share is settled by the actual delivery or transfer of such share
0.1 per cent 0.1 per cent
(No Change)
Seller
2 A. Sale of a unit of an equity oriented fund, where –
(a) the transaction of such sale is entered into in a recognised stock exchange; and
(b) the contract for the sale of such unit is settled by the actual delivery or transfer of such unit
0.1 per cent 0.001 per cent Seller
3. Sale of an equity share in a company or a unit of an equity oriented fund, where –
(a) the transaction of such sale is entered into in a recognised stock exchange; and
(b) the contract for the sale of such share or unit is settled otherwise than by the actual delivery or transfer of such share or unit
0.025 per cent 0.025 per cent
(No Change)
Seller
4. (a) Sale of an option in securities 

(b) Sale of an option in securities, where option is exercised

(c ) Sale of a futures in securities
0.017 per cent

0.125 per cent

0.017 per cent
0.017 per cent
(No Change)
0.125 per cent
(No Change)
0.01 per cent
Seller

Purchaser

Seller

Accumulate Spice Jet in Dips

Recent quarterly results of Spice Jet may be less than impressive.

"The company reported a net loss of Rs 186 crore for the quarter ended March 2013, against a loss of Rs 249 crore in the corresponding quarter, a year ago. Analysts were expecting the airline to break even and report a net profit for the quarter. "

The sector as the whole faces enormous challenges. Fuel price, rupee depreciation and regulatory issues ....so many problems. Still we recommend to accumulate Spice Jet in dips. This is due to our confidence on the management and promotors ability to manage the company well.

We advice the investors to buy the company in dips. In long run Spice Jet may be a multi bagger.

 

Free ebooks and text books download

bookboon

bookboon.com offers variety of free ebooks in subjects ranging from Accounting to Management. It just asks your country and email id and allows to download unlimited ebooks. Nice try …

CAG Vinod Rai retires

cag

Comptroller and Auditor General Vinod Rai, who retired on Wednesday, will be remembered for turning his office  into a watchdog of good governance and administrative integrity at a time when India is experiencing the need for greater transparency .

cag1

Though we dispute the loss figures in his reports, we can’t question his integrity and boldness. We wish him a happy and peaceful retired life.

HUDCO - Tax Free Bond Issue opens on 09-Jan-13 : Product Information

HUDCO - Tax Free Bonds Public Issue - Product Note.pdf Download this file


Highest coupon… last opportunity as benchmark G-sec yields already corrected

 

We believe the bond is a good investment option for a fixed income investor given its tax exempt status, higher coupon rate and issuance from a Mini Ratna government company. G-Sec yields which are a benchmark for determining coupon on tax free bonds have corrected by 15-20bps. New issues will be coming at lower coupon. Therefore HUDCO tax free bonds provides the last opportunity to lock in higher rates.  

 

Term Sheet

Issuer

Housing And Urban Development Corporation Ltd

Issuance of Bonds

The Allotment of the Bonds will be in a Dematerialised form as well as physical form

Put Call Option

None

Options

Series 1

Series 2

Tenor

10 Years

15 Years

Interest Frequency

Annual

Annual

Coupon Rate (%) for Category I, II, III & V

7.34%

7.51%

Additional Coupon Rate for Category IV*

0.50%

0.50%

Aggregate Coupon Rate for Category IV*

7.84%

8.01%

Effective Yield for Category I, II, III

7.34%

7.51%

Effective Yield for Category IV

7.84%

8.01%

 

 

 

 

 

 

Cheque/DD Details

For Resident Applicants :

 “HUDCO Tax Free Bonds 2012 – Escrow Account - R

 

FII and Eligible NRI Applicants :

 “HUDCO Tax Free Bonds 2012 – Escrow Account - NR”.

 

 

Hence, for a retail investor, it is advisable to lock the current coupon rates. Since the interest income on the bond is tax exempt, the pre-tax yield works out to 11.34% and 11.60% for 10years and 15years respectively, which is higher compared to 8-9.5%, offered on bank FD or other stable bonds. Hence bond also scores over other fixed income instruments.

 


 

 

 

Trading Holidays 2013 List- NSE, BSE & MCX

List of trading holidays for NSE/BSE-2013:

1Republic Day 26-JAN-2013SATURDAY

2 Holi (2nd Day)*27-MAR-2013WEDNESDAY

3 Good Friday 29-MAR-2013 FRIDAY

4 Ram Navami* 19-APR-2013 FRIDAY

5 Mahavir Jayanti 24-APR-2013 WENESDAY

6 May Day 1-MAY-2013 WENESDAY

7. Rmazan ID( idu’l fitr )*                 9-AUG-2013         FRIDAY

     8                      Independence Day                15-AUG-2013       THURSDAY

     9                       Ganesh  Chaturthi *              9-SEP-2013       MONDAY

    10                         Gandhi Jayanti             2-OCT-2013     Wednesday

    11                    Idu’l Zuha  (Bakri ID )*              16-OCT-2013    WEdNESDAY

     12                   Diwali – Balipratipada *              4-NOV-2013      MONDAY

     13                           Moharum *              14-NOV-2013     THURSDAY

    14                           Christmas               25-DEC-2013    WENESDAY

* Muharat  Trading will be conducted on Sunday , November  03,2013. Timing of Muharat trading  shall be notified subsequently. 

List of trading holidays for MCX-2013:

1

Id-E-Milad *

25-JAN-2013

FRIDAY

2

Republic Day

26-JAN-2013

SATURDAY

3

Holi (2nd Day)*

27-MAR-2013

WENESDAY

4

Good Friday

29-MAR-2013

FRIDAY

5

Ram Navami*

19-APR-2013

FRIDAY

6

Mahavir Jayanti

24-APR-2013

WENESDAY

7

       Maharashtra Day / May Day

(Labour Day)*

1-MAY-2013

WENESDAY

       8

                       Buddha Pornima

                  25-MAY-2013

        SATURDAY

       9

                    Rmazan ID( idu’l fitr )*

                 9-AUG-2013

         FRIDAY

      10

                      Independence Day

                15-AUG-2013

       THURSDAY

      11

                       Ganesh  Chaturthi *

              9-SEP-2013

       MONDAY

      12

                         Gandhi Jayanti

             2-OCT-2013

     WENESDAY

      13

                    Idu’l Zuha  (Bakri ID )*

              16-OCT-2013

    WENESDAY

     14

                     Diwali -Laxmi Puja #

              3-NOV-2013

      SUNDAY

     15

                   Diwali – Balipratipada *

              4-NOV-2013

      MONDAY

     16

                           Moharum *

              14-NOV-2013

     THURSDAY

     17

                           Christmas

               25-DEC-2013

    WENESDAY

  *Evening Trading  Session ( from 5.00 pm to 11.30/11.55 pm)  will be conducted on these days.

· #Muhurat Trade Timings , on this holiday , shall be notified subsequently .

Note that on MCX, on many holidays the evening session would be open from 5pm. All such days are marked with *.

13 Stocks you can count on : IIFL

 

IIFL

The Lucky 13

The second half of 2012 has brought hope of a promising 2013 for equities. Also, with 2012 behind us, the supposed ‘end of the world’ predictions would hopefully have been put to rest. Pessimists though, always manage to find a bagful of excuses to remain fearful and depressed. Doomsday predictors may turn to the so called ominous number 13 in the New Year. However, you may be surprised to know that ‘13’ is considered lucky by many. In reality, it’s a case of seeing the proverbial glass ‘half full’ or ‘half empty’. We see good reason to be hopeful for equities in 2013. Although there are headwinds to the India story, the positives will likely outweigh negatives in the coming 12 months. We believe government action will continue. The worst looks over for the INR and global growth and easing policies will support portfolio flows into India. A key market trigger is the peak out of the interest rate cycle. We expect a Repo rate cut of 25 basis points in the January 2013 review meet. There is a case for a 75-100bps rate cut in 2013. Nifty valuations are reasonably placed at 14.5x FY14E and the earnings downgrade momentum is waning. We recommend 13 growth stories for 2013 and beyond, in our special theme report titled ‘The Lucky 13’.

Wishing you and your loved ones a Happy and Prosperous New Year!

Buy recommendation summary

CompanySectorCMP (Rs)18-month Target (Rs)Upside (%)FY12-15 PAT CAGR (%)P/E (x) FY15ERoE (%)EV/EBIDTA (x)
FY15EFY15E
ACC**Cement1,4321,75522.618.512.421.57.1
DEN NetworksMedia20029045112.819.313.67.3
Dr Reddy'sPharma1,8342,35828.621.813.226.88.1
Financial TechIT1,1381,51032.7(18.7)*16.610.418.8
ITCFMCG2873532318.321.840.515.6
Petronet LNGOil & Gas15820831.912824.15
United SpiritsBreweries1,9532,40022.968.531.59.717.7
WiproIT39749524.712.812.119.77.4
WockhardtPharma1,5622,08933.7171234.27.5

*FY12 included a one off large stake sale of MCX holding of Rs2.5bn
** Calendar year ending.

Financials
CompanySectorCMP (Rs)18-month Target (Rs)Upside (%)FY12-15 PAT CAGR (%)P/BV (x) FY15EROA (%)ROE (%)
FY15EFY15E
HDFC BankFinancials68585024.119.73.41.614.5
ICICI BankFinancials1,1591,50029.423.51.71.721.7
LIC Housing FinFinancials29739031.325.21.71.821.5
Shriram Trans FinFinancials7549502611.41.82.518.6

Source: India Infoline Research

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