Fw: Sharekhan Top Picks

 

 

Top Picks [June 30, 2012]  Sharekhan www.sharekhan.com

Summary of Contents SHAREKHAN TOP PICKS Despite the disappointment from the Reserve Bank of India (RBI)'s inaction in the policy review meet and the downgrade of India's rating outlook by another leading global rating agency in June, the Sensex and the Nifty have registered handsome gains of 8.8% and 8.5% respectively since our last update on June 5, 2012. The Top Picks basket has performed in line with the benchmark indices and appreciated by 8.7% in the same period. However, the blended return stands at 8% after accounting for the cash created (by adding one stock less to the basket) in May this year. In this month, we are increasing the basket's exposure to engineering, construction and infrastructure sectors by adding Larsen & Toubro (L&T), IRB Infrastructure Developers (IRB) and Kalpataru Power Transmission Ltd (KPTL) in the Top Picks basket. IRB replaces IL&FS Transportation Networks to take advantage of the widened gap in the valuations of the two stocks. L&T, the bellwether engineering, procurement and construction player, comes in place of Sun Pharmaceuticals, which has appreciated by close to 28% in the last five months and sharply outperformed the benchmark indices since it was introduced in the Top Picks basket in February 2012. Lastly, we deploy the cash to bring in KPTL, which has a strong order backlog and a healthy balance sheet. Click here to read report: Sharekhan Top Picks Sharekhan Limited, its analyst or dependant(s) of the analyst might be holding or having a postition in the companies mentioned in the article.

Fw: Changes in Securities Transaction Tax w.e.f July 01, 2012

 

Dear Customer, Greetings of the day and thank you for your continued support and patronage of our trading services! We write to update you of the recent regulatory changes, wherein Securities Transaction Tax for Equity segments will be revised effective July 01, 2012. Accordingly, STT on the transactions executed on the Exchange (NSE/BSE) on or after July 01, 2012 shall be charged as indicated in below table. Securities Transaction Tax Security Effective rate till 30.06.2012 New rate from 01.07.2012 Equity Delivery based Trade : 0.125% on buy & sell both side. Intra-day Trades : 0.025% on sell side only. Delivery based Trade : 0.1% on buy & sell both side. Intra-day Trades : 0.025% on sell side only. F&O (Futures) 0.017% on sell side only. 0.017% on sell side only. F&O (Options) 0.017% on sell side only. (On Premium) 0.125% to be paid by purchaser if exercised (On underlying/settlement price) 0.017% on sell side only. (On Premium) 0.125% to be paid by purchaser if exercised (On underlying/settlement price) Feel free to call our customer service desk at 1800-22-7500 /39707500 or write us at myaccount@sharekhan.com in case of any queries. Alternatively you could also get in touch with your nearest Sharekhan shoppe. We look forward to a long and pleasant association. Warm regards, Team Sharekhan

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