Jeera(Cumin Seed) in Gondal(Guj.) Physical Market Started Lower

At Gondal(Guj.) market in Rajkot(Guj.), Jeera(Cumin Seed) Loose started the day weak at Rs. 14500-15500 per quintal, down by 1.59 per cent as against previous day. Traders reported arrivals at 200 quintals, steady as against previous dayn#39;s arrival. Jeera(Cumin Seed) in Rajkot(Guj.) Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Gondal(Guj.) Jeera(Cumin Seed) Loose 14500-15500 -250 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintals.

NSE TIPS

1	SELL HERO MOTORS@2660 SL 2710 TARGET 2610/2550/2500	06/08/2015	11:15:42
2	SELL AXIS BANK@584-585 SL 590 TARGET 580/575/570	06/08/2015	11:15:00

GOLD TIPS

1

BUY GOLD@24740 SL 24600 TARGET 2484/24940/25040

05/08/2015

17:31:10

STOCKS: IGL Q1 net profit falls 10% on selling gas at lower price

 

 

 Indraprastha Gas Ltd., a Delhi-based gas distributor, said fiscal first quarter profit fell 10% as it sold natural gas at lower prices owing to directives of the sector regulator.

  Net profit fell to Rs 1.01 billion in three months ended Jun 30 from 1.14 billion in the corresponding period a year ago, Indraprastha Gas said in a statement to the stock exchanges.

  Net sales rose 3% to Rs 8.99 billion in the period while EBITDA margin narrowed to 18% in the quarter compared to 20.6% in the corresponding period year ago.

  Operating profit margin narrowed mainly owing to rise in cost of natural gas which the company's was unable to pass on to the consumers.

  Cost of natural gas rose 5.53% to Rs 5.58 billion in ther quarter while net sales expanded merely 3%.

   Indraprastha Gas fell 1% to Rs 479.80 at the close of trade on the National Stock Exchange.

 

SELL IGL@475-485 SL 500 TARGET 450/425/400

Mustard in Madhya Pradesh Physical Market.

At Bhind market in Madhya Pradesh, Mustard Seed closed at Rs. 3900-4000 per quintal, unchanged as compared to previous close. Estimated market supply was at 500 quintals, down by 200 quintals from previous dayn#39;s arrivals. Mustard Oil finished at Rs. 8300 per quintal, unchanged against previous close. Mustard Local at Dabra market ended at Rs. 3900-4000 per quintal, unchanged as compared to previous close. Arrivals were reported at 500 quintals, steady as against previous dayn#39;s arrival. Mustard Non-Condition at Morena market ended at Rs. 3900-4050 per quintal, steady as against previous close. Estimated market supply was at 400 quintals, unchanged as compared to previous dayn#39;s arrival. Mustard Condition at Morena market finished at Rs. 4350-4400 per quintal, steady against previous close. Mustard in Madhya Pradesh Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bhind Mustard Seed 3900-4000 0 Bhind Mustard Oil 8300 0 Dabra Mustard Local 3900-4000 0 Morena Mustard Non-Condition 3900-4050 0 Morena Mustard Condition 4350-4400 0 nnbsp;