Quality of Gold Loan Porfolio

The crash in gold prices have triggered a surge in demand for jewellery, but analysts are concerned that the dip could “significantly” hit the asset quality of gold loan companies.

Market Price of Gold was Rs 26,040 yesterday. It is now cheaper by 25% for every 10 grams. Due to fall in prices footfalls at jewellery shops have increased but it may be due to upcoming marriage season.

But glitter of gold is losing as consumers attention is now on banks and gold loan companies whose collateral value would be under stress. Analysts are of the view that the portfolio of […] Read more

Must have stocks for your portfolio in Financial Year 2014

For the new financial year (FY14), investors should park their funds in different asset class with well thought out allocation.
One should follow stock specific approach rather than sector/index specific, which may reap good returns going forward, as is proven historically.
FMCG, pharmaceutical and IT sector will acts as a shield during the market downturn.

Euro Zone crisis has a spill over effect, which may crop up in a country specific basis, though US is showing strong signs of recovery, looking at the data points on the last 6 months’ basis.Therefore, global problems may haunt Indian markets going forward as developed economies are […] Read more