Invest in the best stock opportunities right now and every-time.
Start Systematic Stock Investing ...in less than a minute.
Under the open market sale scheme (OMSS) the Cabinet Committee on Economic Affairs (CCEA) last week had approved the sale of 6.5 MT of wheat through the tender process. Following this, the Food Corporation of India (FCI) has instructed the state governments to release nearly 2.7 million tonnes (MT) of wheat to bulk consumers such as flour mills and biscuit makers. The above step will help to control the market prices and also to off-load the high stocks level of the central pool. The scheme would be valid up to February 2013.
The government is taking all possible steps to control wheat prices by offering stocks under OMSS and for smaller states like Himachal Pradesh a minimum of 25,000 tonnes of wheat will be released while for big states a maximum of 1 lakh tonnes of wheat will be released every week.
On weekly basis, FCI will issue tenders and the base price will be the minimum support price (MSP) and local tax and transportation charges. Even though the government’s MSP stands at Rs 12.85 per kg in the national capital region, the prices of packed wheat flour are currently ruling at Rs 21 per kg.
During the 2011-12 marketing year (July-June) period, the country had produced a record 93.9 MT of wheat. Due to record procurement at the end of last month the wheat stocks in the central pool now stands at 40.58 MT.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
