Gold News 17-08-2017

Gold News — सोने में तेजी देखने को मिल रही है और इसका भाव 1297 डॉलर प्रति औंस के आसपास दिख रहा है। उधर उत्पादन में कटौती के बावजूद कच्चा तेल फिसल गया है और ब्रेंट क्रूड 52 डॉलर प्रति बैरल से नीचे गिर गया है।

SILVER MCX INVESTMENTS TIPS AND TARGET — MOBILE NO. 8800279633

चांदी एमसीएक्स खरीदें

SILVER MCX INVESTMENTS TIPS AND TARGET — From investment point of view, mcx silver looks bearish and given major breakdown in 2017 below 40500 support and hit bottom of 38000 and made fresh low at 35500 which will act as long term support now.

Now after forming bottom at 35500, silver prices heading for 40500 for trend
breakout for long term targets of 47500 and 56000. In last 7 months, silver given 3 negative closing while 4 are with gains and if we compare this with gold then silver prices are underperforming as well as undervalued from long term view. So expect much more
upside here as compared to gold in longer terms.

SILVER MCX INVESTMENTS TIPS AND TARGET — MOBILE NO. 8800279633 via @marketinvestor

Gold Investments Tips and Target — Mobile No. 8800279633

Gold Investments Tips and Target  — From long term view, mcx gold future opened bullish for 2017 but facing continues resistance around 29500 level. We saw 3 times sell off around this level.

Now prices are heading for breakout above 29500 for big upside targets. On downside 28200 is long term support zone and above it outlook is bullish and my upside investment targets are 31400 and then 35600. Mcx gold weekly chart price trend and momentum both are now bullish.

Weekly chart RSI is at 55 with bullish divergence and buy signal. MACD is at -83 with bullish crossover means if long term sustains then we might see 10-20% gains in gold prices in longer terms.

In 2017, gold future had given five positive closings while 2 were negative closing reflecting overall bullish outlook of this precious metal. And this month long bullish candle is definitely is long term breakout signal.

टाटा पावर के मुनाफे में 68.3% की बढ़ोतरी

टाटा पावर के मुनाफे में 68.3% की बढ़ोतरी

वित्त वर्ष 2018 की पहली तिमाही में टाटा पावर का मुनाफा 68.3 फीसदी बढ़कर 221 करोड़ रुपये हो गया है। वित्त वर्ष 2017 की पहली तिमाही में टाटा पावर का मुनाफा 131.2 करोड़ रुपये रहा था।

वित्त वर्ष 2018 की पहली तिमाही में टाटा पावर की आय 1.9 फीसदी बढ़कर 6969 रुपये रही है। वित्त वर्ष 2017 की पहली तिमाही में टाटा पावर की आय 6838 करोड़ रुपये रही थी।

सालाना आधार पर पहली तिमाही में टाटा पावर का एबिटडा 1635 करोड़ रुपये से बढ़कर 1831 करोड़ रुपये रहा है। सालाना आधार पर पहली तिमाही में टाटा पावर का एबिटडा मार्जिन 23.9 फीसदी से बढ़कर 26.3 फीसदी रहा है।

 

JSW Energy to invest up to Rs4,000 crore in electric vehicles

JSW Energy will invest up to Rs4000 crore to produce electric vehicles (EV), the company’s joint managing director and chief executive officer (CEO) Prashant Jain said on Friday. He also said that the company is in talks with several state governments for setting up its plants and is also holding discussions with several technology providers.

The first electric vehicles from the group will hit the roads by 2020, Jain added.

Billionaire Sajjan Jindal had earlier said that the group will set up the EV business on its own and initially buy batteries from suppliers in a January interview with BloombergQuint at the World Economic Forum (WEF) in Davos.

“We expect a significant surge in car demand in the country, which will increasingly navigate towards EVs,” said Jain. “We are a growth-oriented company, but currently there’s very little scope for growth in the power sector. EVs are in the adjacent space.”

On Friday, the company reported a 40% decline in consolidated net profit to Rs217 crore for the quarter ended June 2017, largely due to a 8.9% drop in revenue and a jump in fuel costs.

India’s electric mobility mission envisages to put 6 million electric vehicles on roads by 2020 and aims to make the country an all-electric vehicle market by 2030. So far, electric vehicle sales haven’t found many takers in the absence of incentives, infrastructure and (till now) a policy framework.

Jain highlighted several incentives the government is currently providing to EVs—from almost a 30 percentage point lower goods and services tax (GST) to a Rs1.37 lakh subsidy to their owners.

Currently, Mahindra & Mahindra Ltd is the only automaker that sells a fully electric car, while companies including Maruti Suzuki India Ltd and Toyota Motor Corp. offer hybrid versions.

However, ever since the Narendra Modi-led government expressed its intent for a mass-scale shift to electric vehicles by 2030 so that every vehicle—both personal and commercial—on Indian roads by then are those that are powered by electricity, a lot of non-automobile companies such as NTPC Ltd and Bharat Heavy Electricals Ltd (BHEL) have come forward with their plans in the space.

India’s current installed capacity of 314,642 MW and projects under construction are expected to meet the country’s electricity demand till 2026. This could be the trigger for JSW to scout for new growth areas.

Analysts say JSW investors might not appreciate its entry into the electric vehicles segment.

“Investors are likely to approach the stock very cautiously, particularly given the environment for electric vehicles in India. One needs to ascertain how successful the management can be in a completely new business and also the kind of incentives, if any, the company is likely to get from the government,” said Gaurang Shah, vice-president at Geojit BNP Paribas.

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