FOREIGN INSTITUTIONAL INVESTORS COME BACK IN JUNE 2020:EXPLAINED?

FII’S capital inflows into Indian values remain at $2.87 billion in June, most noteworthy ever in the year. FIIs have been bit by bit designating cash into Indian offers with an inflow of $1.71 billion in May after an enormous March-April selloff of $8.42. This inflow of outside cash likewise drove Indian markets over 8% higher in June, beating both MSCI Emerging Markets (EM) and MSCI World files in the month.

Among areas, FIIs implanted the most elevated measure of cash into monetary administrations at $1.57 billion while they sold the most in telecom administrations with net outpouring of $559 million in initial 15 days of June, according to information accessible with National Securities Depository Limited.

As indicated by Prasanna Pathak, Head of Equity, Taurus Mutual Fund, enormous facilitating and printing of cash by worldwide national banks have prompted flood of liquidity and cash was attempting to discover its way into different resource classes including developing markets like India. “This was the primary driver for June support streams. Likewise, some long-just cash would have additionally come, which found the sharp remedy as a decent long haul purchasing opportunity,” he said. The G4 national banks siphoned in enormous liquidity of $6 trillion as a durable reaction to battle covid-drove disturbances. The G4 national banks are the Bank of England, the Bank of Japan, the Federal Reserve and the European Central Bank.

Pathak accepts that FIIs may keep on getting cash into India as long as gradually worldwide store stream and cash printing by national banks proceeds. “Likewise, a great deal will rely upon how the recuperation in the economy takes care of business, how the international affairs develops, and furthermore how the covid-circumstance/worldwide situations develop. FII have would in general be present moment and exchanging focused late occasions driven to a great extent by multifaceted investments and exchange cash,”

On the obligation side as well, FIIs auction has directed enormously in June. In the current month, FIIs were net dealers of obligation instruments worth $379.67 million while May saw an outpouring of $2.711 billion in Indian obligation instruments.

In June, the Indian cash devalued 0.04% against the dollar yet is down 5.64% in 2020 up until now.

In the mean time, household liquidity in Indian offers is tightening. Residential institutional financial specialists (DIIs) have sold offers worth Rs.626 crore in June after an inflow of Rs.11,355.93 crore in May. In this year up until now, they have imbued cash worth Rs.8,5821.68 crore in values.

Liquidity will be basic to keep up lightness in securities exchanges as speculators gear up for a frail June quarter corporate outcomes.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk

SEBI GIVES MORE OPPORTUNITY TO LISTED COMPANIES FOR HOLDING BOARD MEETINGS WHY ?

Markets controller Sebi on Friday facilitated consistence prerequisite on delay between two executive gatherings for recorded organizations till July 31, because of crown infection pandemic.

According to the standards, top managerial staff or review council need to meet at any rate four times each year, with a most extreme hole of 120 days between any two gatherings.

In a round, Securities and Exchange Board of India (Sebi) stated, The unwinding of greatest delay between two board/review panel meetings is further stretched out till July 31, 2020 .

Nonetheless, the governing body and review boards of recorded elements should guarantee that they meet in any event four times each year, it included.

This comes following solicitations from recorded organizations for unwinding. Prior in March, the controller had loosened up the prerequisite of the most extreme specified delay of 120 days between two gatherings of the board and review councils of recorded elements as required under LODR (Listing Obligations and Disclosure Requirements) Regulations.

This unwinding was accommodated the gatherings held or proposed to be held between the period December 1, 2019 and June 30, 2020.

This round will come into power with quick impact, the controller said.

On Wednesday, Sebi had given one more month till July 31 for recorded organizations to present their final quarter just as yearly outcomes.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

WHY PENNY STOCKS GAINED WHILE STOCK MARKETS UP 30% :EXPLAINED IN DETAIL ?

Even as securities exchanges battled with significant interruptions due to the covid-19-drove lock down, 25 penny stocks have become multi-baggers, flooding 100-1,240% over the most recent a half year. During a similar period, benchmark Sensex slipped 14%, while the BSE midcap and BSE smallcap records were down 11.42% and 7.8%, individually.

As per a Mint examination, 161 penny stocks have given positive returns, while 56 stocks slipped in the January-June period. Hathway Bhawani Cabletel and Datacom Ltd saw an astounding 1,240% ascent in its stock cost from ₹3 to ₹40.2 each. Also, Opto Circuits (India) Ltd flooded 392.71%, Andhra Cements Ltd took off 331.16% and JMT Auto Ltd hopped 310.61% over the most recent a half year. For the examination, stocks with advertise top of under ₹1,000 crore and stock estimation of ₹10 were thought of.

Penny stocks are illiquid stocks, which are exceptionally unstable and are viewed as hazardous wagers. “Ordinarily, not many far-located speculators purchase these penny stocks, making a happiness around them, pulling in new little league financial specialists with their low worth and guarantee of significant yields,” said an examiner at a retail business, mentioning namelessness.

As indicated by experts, deal chasing, or the base picking system by new market members prompted gains in these penny stocks.

In spite of the fact that the more extensive markets were a long way from arriving at their January levels, scarcely any penny stocks were at multi-year highs. Base fishing alludes to putting resources into resources that had declined because of inherent or extraneous factors, and were considered underestimated. Base fishing is a speculation technique wherein financial specialists purchase stocks whose costs had as of late dropped and were considered underestimated.

As per Amar Ambani, senior president and Institutional Research Head, Yes Securities, one purpose behind the penny stocks to rise is bountiful liquidity pursuing a wide range of stocks.

The dread of-passing up a major opportunity marvel among new financial specialists in securities exchanges frequently pursue such low-esteem stocks, he said. “In any case, the stocks are likewise first to fall when there is any troublesome news in the business sectors. The stocks have fallen so hard before and are so low in esteem that upticks in a couple of stocks optically looks strong.”

Ambani said penny stocks are generally administrator driven and fall prey to theoretical exchange, henceforth, they include high dangers.

Be that as it may, this isn’t an India-just wonder. Hertz, the second-biggest vehicle rental office in the US, had petitioned for financial protection in May, however its stock rose from $1.11 to $2.38, up 114% inside 24 hours, for the most part drove by merchants on Robinhood, a portable business. Undoubtedly, while some penny stocks turned multibaggers, a few additionally moved the other way.

Around 49 stocks turned penny stocks over the most recent a half year, losing as much as 90%. Darjeeling Ropeway Co. Ltd tumbled from ₹52.4 in January to ₹5.21 in June, losing 90%. Others, for example, Terrascope Ventures Ltd (down 80.88%) and Novateor Research Laboratories (down 79.59%) are the new penny stocks.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

ITC STOCK PRICE DOWN EVEN COMPANY ANNOUNCES 10.15/-PER SHARE DIVIDEND WHY ?

Cigarettes-to-Hotels organization ITC announced a 9.05 percent drop in independent net benefit for the quarter finished March at Rs 3,797.08 crore.

The organization had revealed a net benefit of Rs 3,481.90 in a similar quarter a year back.

ITC income from tasks dropped to Rs 11,420.04 crore from Rs 12,206.03 crore in the relating quarter a year prior.

The organization suggested a profit of Rs 10.15 for the money related year finished March 31.

Its EBITDA for the quarter came in at Rs 4,163.50 crore,

The incomes from its cigarette business for the quarter were Rs 5,130.5 crore, contrasted with Rs 5,485.92 crore a year back.

Similarly as the business condition was giving indications of an early recuperation in the start of the final quarter, the beginning of Covid-19 pandemic changed the circumstance significantly ITC said in a discharge.

In the underlying stages, the infection significantly affected the inns, training and writing material items organizations as it matched with the pinnacle time frame and the beginning of the educational season, separately, it included.

ITC said the training and writing material items business, which revealed solid development till February, was seriously affected in the pinnacle month of March because of conclusion of instructive establishments and delay of new scholarly meetings across states in accordance with across the country lock down.

While solid energy has been seen in fundamental shopper merchandise and the organization has sloped up ability to support flood sought after across classifications, the interest in the training and writing material items business fragment kept on being quelled pending resumption of the instructive foundations, the organization said

The organization said its practically identical income development, barring instruction and writing material items business and way of life retailing business, remained at around 5 percent during the final quarter.

ITC said its Hotels business posted solid development in section income and fragment consequences of around 19 percent and 29 percent, individually, during the initial nine months of the year. This energy was supported in January and February, however the business was seriously affected by the flare-up of Covid-19 pandemic towards the year’s end.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

WHAT ARE PENNY STOCKS IN STOCK MARKETS : EXPLAINED IN DETAILED ?

Penny stocks are those that exchange at a low cost, have low market capitalization, are for the most part illiquid, and are typically recorded on a littler trade. Penny stocks in the Indian financial exchange can have costs underneath Rs 10. These stocks are extremely theoretical in nature and are considered exceptionally unsafe due to absence of liquidity, more modest number of investors, huge offer solicit spreads and constrained divergence from data. Be that as it may, this container additionally incorporates stocks evaluated under $5. Penny stocks are exceptionally unsafe, however some of them likewise have the capability of transforming a little venture into a fortune. For instance, on the off chance that you own 50,000 portions of a penny stock evaluated at $1, even a $1 ascend in the offer cost can give you $50,000 in a solitary day. This is unimaginable on account of an enormous stock, since it would require huge funding to purchase such a huge volume of offers. There are a great deal of drawbacks to penny stocks as well, as they are inclined to value controls, abrupt de-listing and administrative investigation. One can move the stock by purchasing a large number of offers and make a spike without leaving any prompt for the normal speculator to know whether the spike in cost is certifiable or controlled. Additionally, penny stocks are increasingly inclined to tricks, as they are regularly not managed by a national-level stock trade. In light of every one of these dangers, stock trades put these sorts of stocks in an alternate classification, called as exchange to-exchange bushel. In this classification, no intraday share exchanging is permitted. Exchanges must be obligatorily chosen net premise, which implies you should convey the offers around the same time on the off chance that you have sold them or take conveyance on the off chance that you have gotten them.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

RADHAKRISHAN DAMANI BIGGEST BET STOCK IN 2020 :GUESS THE STOCK NAME?

One stock that as of late observed consecutive open market buys by marquee Dalal Street speculator Radhakishan Damani is in news once more.

India Cements, whose offers have revitalized 81 percent in most recent a half year, revealed a total deficit of Rs 111 crore for March quarter.

While poor people numbers were credited to disturbances because of the Covid-19 lockdown that prompted limitations on transportation and flexibly chain, still experts are not calm with the numbers.

Not many of them state while they anticipate that volumes should get sooner than later, the organization’s enormous obligation heap is a reason for concern.

The stock had six ‘sell’ evaluations on the freely accessible Reuters Eikon database against only one three months prior. The stock had zero ‘purchase’ rating, other than one ‘hold’ and one fail to meet expectations calls.

With no adjustment in basics, the stock has flooded more than 80 percent in most recent a half year. This might be by virtue of a solitary financial specialist expanding stake to almost 20 percent in March quarter from 1.3 percent toward the finish of December quarter,” said Edelweiss Securities.

The business, without naming Damani, said it might want to have lucidity over the goal behind the stake raise and kept up a ‘decrease’ rating on the stock until further notice.

Damani had 10.29 percent stake in the Chennai-based organization as of March 31, and his sibling Gopikishan Damani 8.26 percent. Damani siblings likewise mutually possessed 1.34 percent in the concrete creator advanced by N Srinivasan. That takes the complete holding of the Damanis past the 20 percent mark against4.73 percent held toward the finish of December, 2019.

This has activated market theory that Damanis may be thinking about the choice of assuming responsibility for the concrete firm. India Cements denied any such activity. On Wednesday, Srinivasan said the business stays stable and would keep on concentrating on the concrete business.

In India’s packed concrete business, India Cements holds a piece of the pie of a little more than 16 percent. India is the world’s second-biggest concrete market and has more than 600 operational concrete plants.

The organization’s independent gross obligation remained at Rs 3,617 crore toward the finish of March, while merged gross obligation was at Rs 3,677 crore. The organization said Rs 500 crore head reimbursement of its term credit is expected in FY21 and there would be a Rs 300 crore outgo towards intrigue installment. The organization hopes to meet both these commitment from working benefits. It likewise plans to go delayed on capex plans – remembering the proposed greenfield unit for Madhya Pradesh.

We expect India Cements’ obligation to stay raised because of feeble concrete interest and powerless exhibitions of non-center organizations. Net obligation could fall evoke barely to Rs 3,400 crore in FY22, suggesting 4.4 occasions net obligation/Ebitda,” said Motilal Oswal Securities.

The financier said the concrete producer has been likewise losing piece of the pie in south India, as was obvious from its more vulnerable volume patterns versus friends, for example, Ramco Cements and Dalmia Cement.

Motilal Oswal is ‘NEUTRAL’ on the stock.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

HERO MOTO CORP UP 56% IN 3 MONTHS : EXPLAINED WHY ?

Hero MotoCorp (HMCL) Gained 5 percent and hit a more than seven-month high of Rs 2,544 on the BSE for request recuperation post the lifting of the lock down.

The load of the bike organization was exchanging at its most High level since November 18, 2019. In the previous three months, the stock has beated the market by flooding 56 percent, when contrasted with 34 percent ascend in the S&P BSE Sensex.

The interest recuperation would be driven by country markets (predominant incomes through homestead, MNREGA exercises). Consequently, the relative inclination for provincial confronting auto portions, bikes stays and HMCL’s high rustic presentation (>50 percent request) inclines close to term recipient scales in support of its.

According to organization, incomes for January-March quarter (Q4FY20) would have been Rs 7,400 crore and fundamental EBITDA (profit before intrigue, duties, deterioration and amortization) edge 13.5 percent notwithstanding the Covid related effects.

Experts at ICICI Securities trust HMCL has potential development tailwinds in H2FY21 from rustic recuperation, downtrading in bikes. In any case, in the event that urban (read high Covid sway) clients look for expanded individual transportation bike portion could remain to pick up, HMCL stays a more fragile player in this classification, it said with ‘hold’ rating on the stock.

“The COVID-19 pandemic has added vulnerability to an effectively feeble interest condition and inconsistencies because of the BS6 progress. Post lifting of the lockdown request recuperation is in progress and introductory criticism has been certain, presumably determined by repressed interest.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk

BALRAMPUR CHINI SURGED 5% AFTER BUY BACK ANNOUNCEMENT :EXPLAINED WHY ?

Balrampur Chini Mills climbed 5 percent to Rs 141.70 on the BSE on Wednesday after the organization posted a 31.1 percent year-on-year (YoY) development in income to Rs 1,740 crore in March quarter (Q4FY20) results.

The organization’s working benefit declined 6.6 percent y-o-y to Rs 241 crore, to a great extent affected by decrease in power incomes. Net benefit declined 14.8 percent at Rs 230 crore, affected by lower tax collection in base quarter.

The administration said the sugar fragment conveyed a solid exhibition on the rear of higher volumes and consistent acknowledge. The refinery fragment conveyed hearty execution by virtue of higher volumes and better acknowledge.

The organization likewise declared a buyback of 10 million offers at Rs 180 for every offer by means of delicate offer. The board has fixed July 3, 2020 as the record date for deciding the qualification who will be qualified to take an interest in the buyback.

The sugar business has seen stable profit with the base selling value (MSP) set up. Also, the business has had the option to sell tremendous sugar stock through fare impetuses and preoccupation towards B overwhelming ethanol.

Examiners at ICICI Securities accept that Balrampur Chini is best positioned in the division given lower necessity of working capital obligation, ideal refinery and force abilities to use all its molasses and bagasses. The organization created Rs 850 crore of working incomes in FY20.

“We accept continuation of fare motivators and expected climb in MSP would additionally improve profit and income for the organization. The Covid-19 effect on sugar industry is negligible with around 1 MT of lower utilization,” the financier firm said in result update and said it stays positive on the stock.

Balrampur Chini Mills was exchanging 2 percent higher at Rs 137.70 on the BSE, when contrasted with 0.51 percent ascend in the S&P BSE Sensex. Around 1.6 million value shares have changed hands on the counter on the NSE and BSE up until this point.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

WHY IIFL GROUP LOCKED UPPER CIRCUITS IN TODAYS SESSION : EXPLAINED IN DETAIL?

Stocks of IIFL bunch organizations flooded on Thursday after advertisers’ holding in IIFL Finance Ltd crossed 25%, activating hypothesis of an open offer.

In any case, IIFL Finance explained to trades that its founders didn’t plan to procure over 25% stake and won’t make any open offer.

As indicated by Securities Exchange and Board of India (Sebi) rules, share obtaining past 25% triggers an open proposal in the market.

Portions of IIFL Finance hit the upper circuit of 10%, IIFL Wealth Management Ltd increased 8.2%, and IIFL Securities Ltd progressed 12%.

“This is to explain that advertiser bunch casting a ballot rights has not surpassed 25% and advertiser bunch has no expectation to procure over 25% or make any open offer,” said IIFL in an official explanation.

Prior, IIFL Finance answered to trades that its advertisers have gained an extra 0.12% purpose in the organization taking its holding in the organization to 25.02% from 24.98%.

It is hazy on how IIFL Finance is surveying that the democratic rights have not surpassed 25% when the trade documenting shows holding in overabundance of 25%.

As indicated by Sebi’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations, an organization can trigger an open offer just when it has crossed the limit of 25% democratic rights.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

ADANI POWER TO PICK 49% STAKE IN ODISHA POWER : EXPLAINED IN DETAIL

Adani Power NSE – 0.79 % will secure US-based The AES Corporation’s 49 percent value stake in Odisha Power Generation Corporation for USD 135 million (around Rs 1,019 crore), the Adani bunch firm.

Adani Power Ltd (APL) has consented to a conclusive arrangement to secure the 49 percent stake in Odisha Power Generation Corporation (OPGC) from the offshoots of The AES Corporation (AES), the US-based worldwide vitality organization,” an administrative documenting said.

Adani Power will get an aggregate of 89,30,237 value shares held in OPGC speaking to 49 percent of the complete gave, settled up and bought in value share capital of OPGC for USD 135 million.

The OPGC works 1,740 MW warm force plant at Banharpalli in Jharsuguda region, Odisha.

This plant is the pillar of the Odisha state for base burden power flexibly and among the most minimal cost power created in the state.

The supercritical limit of 1,320 MW is an as of late appointed current plant with low carbon impression.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.