TATA MOTORS LTD

TATA MOTORS LTD

Futures trading was once a way for farmers to hedge against price movements and to guarantee themselves a stable income. However, in the past decade, futures trading revolutionized the way investors and speculators profited.  Trading in the futures market is a golden opportunity for traders to not only hedge against price movement, but to also profit in large amounts through market speculation.

 

PCM International is passionate for seeing traders succeed. Therefor, we encourage traders not to miss out on the advantages that trading futures contracts will provide for them.

 

When deciding which futures contract to trade, there are many questions to keep in mind. These include: What are the future contract’s margin requirements? How about contract size and levels of liquidity of the futures contract? What is the duration of the future’s contract? With PCM International, you can get the answers to all your questions.

 

 

What is TATA Motors?

 

TATA Motors is India’s largest automobile manufacturer currently headquartered in Mumbai, India. As one of the most popular Indian automobile stocks to invest in, the company is part of a USD 100 billion company, TATA group. TATA Motors is passionate for providing the best passenger cars as well as the highest standard of customer service globally.

 

With 1945 as the number of TATA Motors established, 60,000 as the number of TATA Motors employees, 9 million as the number of TATA vehicles sold and a TATA Motors company turnover of over USD 42 billion, TATA Motors has a bright future ahead.

 

Corporate governance

 

Values

·      Integrity

·      Teamwork

·      Accountability

·      Speed

·      Customer Focus

·      Excellence

 

Mission

To innovate with passion, mobility solutions that enhance the quality of life

 

TATA Motors Stock Analysis*

 

 

Total Income: 4,45,027

Total Expenses: 4,00,543.00

Equity: 6791.80

Earnings Per Share: 0.68

Sales Turnover: 2,23,698.00

 

*Annual values as of March 2016, in million Rupees

 

A key factor of trading futures successfully is being educated about potentially profitable trading opportunities and knowing their in-depth specifications and benefits. The table below is provided for further details about the contract.

Contract Parameters
DGCX Contract Symbol DTTMT
Underlying Equity TATA MOTORS LTD.
Underlying Country India
Contract Size 10
Notional Contract Value (Price * Contract Size) in USD
Price Quote Underlying Equity price expressed in USD (example: Bid: 383.3 / Ask 383.4)
Minimum Tick Size 0.1
Tick Value USD 1
Trading Days Monday through Friday
Trading Hours 07:00 - 23:30 Hours Dubai time (GMT+4)
Trading Months First two (2) serial months and 1 calendar spread
Last Trading Day ** Last Thursday of the Calendar Month
Cash Settlement Day** Business Day following the Last Trading Day
New Contract Listing Business Day immediately following the Last Trading Day
Final Cash Settlement Price Basis Based on the market closing price of the Underlying
Equity on the Last Trading Day in the Underlying
Country (source: public domain)
Settlement Basis Cash settled in USD
Wholesale Trades Minimum permitted block size is 100 lots
Max Open Position Limit As determined by the Exchange from time to time
Max Order Size 1,000 lots
Daily Price Movement limit No Limit, Note 1*
Initial Margin based on SPAN USD 380 (Based on SPAN, subject to change from time to time)
Calendar Spread Margin 100% benefit is offered on calendar spread positions

Note 1*: For the avoidance of ‘fat finger’ errors price band shall be 5% from previous settlement price e.g. if previous settlement price is USD 383.3, the price band is USD 19 i.e. from (USD 364.3 to USD 402.3) Exchange shall relax the intra-day price range for the prices of the contract approaching the 5% limit