Indore: Soybean Trading Higher in Physical Market

At Indore market , Soybean Plant is trading strong at Rs. 3375-3500 per quintal, up by 1.45 per cent as against previous day. Soybean Mandi is offered high at Rs. 3250-3360 per quintal, up by 0.3 per cent against previous trading day. Total arrivals are at 30000 Bags, lower by 10000 Bags as against previous day. Soybean in Indore Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Indore Soybean Plant 3375-3500 +50 Indore Soybean Mandi 3250-3360 +10 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Bags.



SOYABEEAN OUR ALL TARGETS ACHIEVD@3250

Weak Sentiment Witnessed in Rampur Mentha Oil Physical Market

At Rampur market , Mentha Oil is trading lower at Rs. 1065 per Kg, lower by 0.93 per cent from previous dayn#39;s price level. Traders reported arrivals at 7 Drums(1-drum=180kg), lower by 1 Drums(1-drum=180kg) as compared to previous day. Mentha Oil in Rampur Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Rampur Mentha Oil 1065 -10 Note: The above mentioned prices are in Rs. per Kg and arrivals are in Drums(1-drum=180kg).

Red Chilli in Warangal Physical Market Trading Firm

At Warangal market , Red Chilli Teja is trading high at Rs. 10500-11300 per quintal, up by 5.61 per cent as compared to previous day. Total arrivals are at 3000 bags, up by 1000 bags as against previous day. Red Chilli Wonder Hot is offered strong at Rs. 10600-11200 per quintal, higher by 0.9 per cent as against previous day. Red Chilli 341 at Warangal market is quoted strong at Rs. 9500-10800 per quintal, up by 2.86 per cent as compared to previous day. Red Chilli Denvor Delux at Warangal market is offered firm at Rs. 10000-10700 per quintal, higher by 1.9 per cent from previous trading day. Red Chilli Fatki at Warangal market is quoted strong at Rs. 6500-8200 per quintal, up by 2.5 per cent from previous trading day. Red Chilli in Warangal Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Warangal Red Chilli Teja 10500-11300 +600 Warangal Red Chilli Wonder Hot 10600-11200 +100 Warangal Red Chilli 341 9500-10800 +300 Warangal Red Chilli Denvor Delux 10000-10700 +200 Warangal Red Chilli Fatki 6500-8200 +200 nnbsp;

NICKEL TIPS

1

NICKEL 1ST TARGET ACHIEVED

03/09/2015

13:24:03

nse tips

Federal Bank's bottom line was impacted largely by two events i) One big corporate  account slipped (Rs. 134Cr) and ii) Treasury provision Rs. 49Cr. The Bank reported  PAT of Rs. 141Cr vs Rs. 220Cr same time last year. It reported a NII growth of 7.2%  YoY which stood at Rs. 605Cr vs Rs. 564Cr in Q1 FY15 where as profit prior to  provisioning was up 4.5% YoY at Rs. 367Cr. Provisions for the quarter were higher at  Rs. 153Cr vs Rs. 40Cr QoQ and Rs. 22Cr YoY.         The bank's SME and retail book will continue to drive the growth; further aided by  corporate book. We believe Federal Bank is best placed to improve its return ratios  with margin improvement, CASA traction and growth in core fee income as the levers  going forward. At CMP, the stock is trading at 1.22x and 1.11x FY16E and FY17E P/Adj  BVPS and 10.19x and 9.23x FY16E and FY17E P/E respectively. We upgrade the stock to  BUY with a target price of Rs. 75 (1.4x FY17E ABV); an upside of 26% from current  levels.