General Trading Chat

[ca_krishna]

What happened to Rain Industries??

 

[headstrong007]

India Vix dropped 3% b4 major political event. It's rare.
It seems the market is 100% sure about Karnataka poll result! Let's see the outcome.
Easy money in BNF today after 3Day-5Day breakout.

 

[Dr. Jan Itor]

^ market is sure about result but on which side...

 

[manoj2012]

What happened to Rain Industries??

Today was result day ........ Traders bought day before yesterday and exited yesterday and today ...... I exited trading part yesterday .... Portfolio part holding ...

Rain Industries reported 34% yoy growth in revenue to Rs3,306cr in Q1CY18 vs. Rs2,468cr in Q1CY17. EBITDA grew by 45.2% yoy to Rs641cr vs. Rs441cr in Q1CY17. EBITDA margins were at 19.4% in Q1CY18 vs. 17.9% in Q1CY17. Reported net profit grew by 324.2% yoy in Q1CY18 to Rs251cr vs. Rs59cr in Q1CY17. However, there were exceptional items pertaining to unamortised deferred financing cost and redemption premium totalling to Rs67cr that was charged in Q1FY17. Adjusting for this, the yoy growth was 141.2%.
Revenue growth was aided by 52.6% yoy growth in carbon products revenue. Carbon products grew mainly on account of 56.7% yoy jump in blended realisations. Advanced materials revenue was flattish, up 1% yoy, as 7% yoy increase in blended realisations made up for volume declines. Cement was down 9.3% yoy on sharp drop in realisation of ~13%.
Within carbon products, Calcined Petroleum Coke (CPC) revenue increased by 46% yoy. Volumes declined by 5.4% yoy but realisations increased by 54.2% yoy. Prolonged negotiations with customers due to higher import duties enacted from January 5, 2018 in India resulted in lower volumes of CPC during Q1CY18.
Coal Tar Pitch (CTP) revenue was up 119% yoy. Volumes grew by 4.7% yoy, while realisations increased by 109.1% yoy. Volumes were up on increase in demand and capacity utilization.
Energy revenues grew by 12.8% yoy.
Advanced Materials sales volume declined by 4.3% yoy owing to decrease in sales volumes by 13.3% yoy & 7.1% yoy in Engineered Products and Petro Chemical Intermediates respectively. Sales volumes remained flat for Naphthalene Derivates and Resins. Average blended realization increased by 5.6% yoy along with the favourable impact from the appreciation of the Euro against the Indian Rupee by 10.7% yoy.
Cement volumes were up 4.3% yoy. Andhra Pradesh, Telangana, Kerala and Odisha volumes were up 10.5% yoy, while Tamil Nadu, Karnataka, Maharashtra, Goa and Pondicherry volumes were down 6.2% yoy.
Overall EBITDA margin expansion of 150bps yoy was on account of better product business and operating leverage. Adjusted EBITDA margin in the Carbon Products segment expanded by 580bps yoy to 24.3% on higher realisations.
Adjusted EBITDA margin in the Advanced Materials segment contracted by 810bps yoy on higher RM cost (currency impact).
Adjusted EBITDA margin from the Cement segment expanded by 330bps yoy increased volumes and savings in operating cost.

Technical View:

Rain Industries Ltd is currently trading at Rs. 271, down by 56.65 points or 17.29% from its previous closing of Rs. 327.65 on the BSE.
The scrip opened at Rs. 330.90 and has touched a high and low of Rs. 332.75 and Rs. 270 respectively. So far 1,20,05,036 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

 

[Subhadip]

any thread discussing about the recent change of Span & other margin full requirement..

 

[travi]

any thread discussing about the recent change of Span & other margin full requirement..

Hi Da,
Long time no see

There was one post from Fyers founder here
http://www.traderji.com/community/t...-year-as-full-time-trader.106179/post-1282074

Another here
http://www.traderji.com/community/threads/margin-on-long-butterfly.106306/

But it seems highly unlikely from recent discussions

 

[headstrong007]

any thread discussing about the recent change of Span & other margin full requirement..

You can discuss about it in below thread, Span+ Exposure is now mandatory for positional trade. But still today, there is no restriction of exposure for intraday trade. But maybe soon using ITR linking!

It is part of SEBI's dirty plan to cut retailers participation in F&O. We are discussing the whole topic in the below thread, where tj members are updating. U can get all related news there.

Most disturbing news published recently,

'The market regulator introduced the concept of ‘product suitability’ according to which an investor can take restriction free exposure to derivatives only up to a certain threshold, to be determined by his income levels!'

Below thread is where we are discussing such topic,

http://www.traderji.com/community/t...to-cut-retailers-participation-in-f-o.106175/

 

[manoj2012]

 

[manoj2012]

The way market moved today .........

Smart Money already knows the RESULT .....

Congratulations to ........... You know who .......

Now he is also seeking blessings from Sita Maiyya .....

 

[soft_trader]

The way market moved today .........

Smart Money already knows the RESULT .....

Congratulations to ........... You know who .......

Now he is also seeking blessings from Sita Maiyya .....

=lord voldemort?