Moneycontrol Review – Online Share Market Trading Company

Moneycontrol – Overview History

Moneycontrol is one of the foremost online share market trading company in the country. Through its website Moneycontrol.com and app: Moneycontrol Pro, it has been able to revolutionise online trading in India.

Its website showcases real-time trading information as well as provides detailed financial information about all the listed companies.

Moneycontrol is one of the ideal places for intrepid traders and investors. They can scour through the webpages to find out everything relevant happening to particular companies or at the share market as a whole.  

The website was the brainchild of the husband and wife team of Victor Fernandes and Sangeeta Fernandes. However, in the year 2000, Moneycontrol was bought by E-Eighteen dot com, a subsidiary of the Indian TV channel TV18.

In this deal, the couple were given equity capital share of 7.5% while the rest of the share was kept with E-18.

Moneycontrol further changed hands with Reliance Industries acquiring Network 18 and TV 18. This deal involved the acquiring of Moneycontrol and all the other websites which were under their portfolio.

Moneycontrol, in the year 2008, had collaborated up with gaming company MyUniverse, to create a personalised financial platform. Through the platform, users could manage their bank accounts and credit cards as well as get regular share related recommendations.

Moneycontrol has over the years become the largest Indian finance related website with over 17 million visits across all devices per month.

With an employee strength of 1000. Moneycontrol has redefined the way traders search for their daily stock related information.

In July 2007, Telecom major Hutch and Moneycontrol joined hands to create a system where regular stock related notifications will be provided. These stock alert packs became quite a rage amongst the business community.

Moneycontrol had also collaborated with Intuit India to create Intuit Money Manager. This was done in the year 2010. With this platform, a user could manage their investments as well as do their tax return calculations.

It had a 90 days’ free trial period and after the end of it, INR 1 was being charged a day.

There was some misfortune too on the way.

The website Moneycontrol.com was a victim of hacking on the 6^th of November, 2010. It led to a set of malicious code being inserted into its backend program. Users of Moneycontrol.com on visiting the site were being redirected to Brenz.pl, which was an exploit site.

The association with Reliance Digital has enhanced the reach of the website. It is now one of the most viewed financial websites and continues to grow.

Moneycontrol though has made some faux pas.

The dividend announced by Coal India was suggested as 0 on the website whereas the truth is it was INR 7.28 per share.

However, this kind of missteps is rare when it comes to the quality maintained by Moneycontrol. Extra precautions are taken to oversee the quality of content being put on the website.

Moneycontrol has launched an app called Moneycontrol Pro which provides its registered users with a faster way of trading as well as getting information regarding stocks and trading.

Moneycontrol.com

This is a glimpse of the website that has taken the virtual trading world by storm. The Moneycontrol website as mentioned earlier had 17 million visits per month on an average. This is because of the ease of usage and the smooth navigability of the website.

The website is broken into segments and provides all the current news relevant to share trading and the financial world. The search function will help you find companies.

The section on individual companies will give one a detailed and elaborate view on the performance of that particular company. There would be graphs as well as trends which are a great support for the interested trader.

The section on companies will give us information regarding the company management itself. So a quick company profile is provided too.

This would include the management, the company address, the financial and the operational overview, the profit and loss statement and the balance sheet.

The information regarding the IPO listing too would be provided.

Moneycontrol is a treasure trove for students of the share market. They can study the webpages and learn all about the trade. Moneycontrol has a strict quality process which supervises all the information before being posted. These are important information based on which traders will put their money on certain entities. There is absolutely no room for error.

The website also does provide a macro outlook on the financial markets:

This segment is showing the reader the top 100 companies in the country right now. It is replete with all the relevant information that an investor would require.

The market highs and the lows are also mentioned for the benefit of the shareholders.

Now on a more micro level:

This is the top half of the day’s performance by this particular company called CSB Bank Ltd.

Each listed company has its page and we would see what all the information that has been provided.

A chart is an important tool when it comes to assessing the growth of the organisation.

In the above example, the chart is based on the performance of the organisation over a year. Likewise, there are charts which will illustrate the same for the following periods:

• 1 Day
• 1 week
• 1 Month
• 3 Months
• 6 Months
• 2 Years
• 5 Years
• All

This will help the trader understand the movement of the stocks of the organisations over a wide period.

Stock trading is all about trends and understanding the direction in which it moves. Once that is mastered, which is a feat by itself, it becomes easier to trade at the bourses.

This is the technical analysis section of the company which deciphers the graph. Technical analysis is important since it transforms the graphical representation into numbers and makes it easier for the reader to understand the nuances of share trading.

The Technical analysis is done on three time periods:

• Daily
• Weekly
• Monthly

It also provides a technical rating on the days proceeding, namely Bullish, bearish and its extremes.

The pivot levels that are given are based on three types: Classic, Fibonacci and Camarilla.

The section on the extreme right provides a detailed update on the moving averages.

This entire section provides a wealth of information about the shares of the company. These are also helpful to students of share trading. The plethora of knowledge which one can gain from the company pages in the moneycontrol website is immense.

The valuation of any company is of prime importance. For investors keen on investing in any company, it is the first thing that will be asked for.

The valuation of the organisation depends on its assets, both movable and immovable. It also depends on market capitalisation.

Armed with the knowledge of valuation, the company can then go ahead and look for further investments or loans or as is the case for most, enlist themselves at the bourses.

The forum is the outlet which showcases the sentiments of the markets. The left-hand corner suggests the market sentiment. This is an illustration of the belief investors and traders have on the stock of the company. The forum section also allows individuals to comment on their thoughts.

The right-hand section is the area where the latest news regarding the company appears. This is again an important section since any company action can have financial implications.

This section has news and videos about the company. Every news article which is relevant to the functioning of the organisation has found a place in this section. The right-hand section termed as news across the web also has information related to the company as well as other relevant financial information related to the said domain.

The news and video section are also one of the oft-visited areas. It provides enough bytes and has an influencing effect on the user, wanting to know more about the said organisation.

This is an extension of the news and video section. The Announcement section mentions the latest press releases by the company as well as all the happenings in the world of finances and banking.

The press release is official announcements made the company and this may very well have repercussions on the performance of the stock. Traders and investors are wary of any official announcements. They will always be on the lookout for such information.

Income Statement

This is the most sought after section. It tells us about the financials of the organisation. It is also a detailed output providing insight into the sustainability of the organisation.

The financials come in two forms: Consolidated and Standalone.

The financial statements are Income statements, Balance Sheet, Cashflows and ratios.

This is a part of the balance sheet.

Cash Flow Information

Ratios

All these tables provide enough information to the financial experts who would then analyse the prospects of investing in the organisation.

The company, on its part, is duty-bound to provide this information, as per government regulations, to its investors as well file it with the government regulators.

The financials of the company are finally provided through the various other statements through links at the bottom of the financial sections: Profit and Loss, Nine Months Result, Half Yearly Results, Quarterly Results.

The Profit and Loss Statement:

This is one part of the profit and loss statement which is provided in consolidated as well as Stand Alone form.

The other statements mentioned earlier are similarly provided.

The annual report of the past years can be downloaded too. These reports are in pdf form and are a great read for the financially inclined. The annual reports are official documents which read out the annual journey of the organisation.

The Historical Prices provide the reader with the ongoing trend. These trends are of immense importance since one can understand the performance of the organisation over some time.

They have the same effect as the graphs we had discussed earlier.

The corporate action talks about the decisions taken by the board of directors. If dividends have been announced, then they will be mentioned in this section.

The corporate action section has the following heads:

• Board Meetings
• Dividends
• Bonus
• Splits
• Rights
• AGM/EGM

The dividend summary on the right tells us about news regarding dividends announced by the company.

The shareholding pattern mentions the percentages held by the different shareholders of the organisation. This is again important information for an investor who will have to deal with several shareholders whilst investing in the company.

The peer comparison is a novel way to understand market completion. It is important to know who are the competitors both from a financial point of view and the performance point of view.

Traders are always on the lookout for comparison between entities playing in the same domain. This increases the quality of performance.

The news section of peers on the right is the place where there are news articles regarding peers of the said company.

The quick links provide a separate page for each of the categories that have been mentioned. Moneycontrol provides an in-depth detailing of every organisation. By doing so it is helping the trading community make an informed decision regarding their association with the particular organisation.

The Quick links are provided under the following heads:

• News
• Corporate Action
• Information
• Financials
• Annual Reports
• Peer Comparison

The Moneycontrol website is therefore as mentioned earlier a veritable treasure trove of information. It is not just used by marketing experts but also by students who wish to learn more about the share market.

Strengths

Moneycontrol from the beginning has been a frontrunner of being the best company in the share trading domain. After the takeover by Reliance digital, it has gotten to a much bigger platform.

Moneycontrol has quite a few things going for it. Let us have a look at them:

• Intense research being committed on all aspects of trading and company financials to provide a wholesome picture to the users. With the volume of details that Moneycontrol provides, it surely is a blessing for traders and investors alike.
• Uses state of the art analytics to scour the intricacies of the share market. Has a team of highly qualified domain experts who create information sets daily.
• Moneycontrol is extremely particular about the quality of information that is being put up. Hence, the information that is being emanated is spot on and without error.
• The scope of Moneycontrol has increased after being taken over by Reliance Digital. With greater funding and a wider audience, Moneycontrol is marching to further its consolidate its position as the numero uno of financial reporting in the country.

About Moneycontrol– Summary

Moneycontrol Customer Ratings

Mission and Vision

Vision

To provide the most detailed information about organisations to the trading community.

Mission

• Usage of the latest analytical prowess to scour share trading and provide the most relevant insight about organisations.
• Make share trading easy for everyone
• Make Moneycontrol the foremost brand in the domain of Fintech

Moneycontrol Mobile App

Moneycontrol – Share Market | News | Portfolio App

This app provides the user with the latest information regarding finance and the share market. It is presumably the most downloaded app in Asia for Business and Finance.

One can track all the news about finance and trade. Every bit of information regarding the global markets will be at the fingertips of the user.

The portfolio and the investments can also be monitored with an up to date watch list. There are expert views as well as trend analysis.

Some of the features that the app provides are:

• Seamless Navigation
• Get the latest Market data
• Up to date market news and analysis
• Monitoring of portfolios and investments
• The watch list can be personalised. Thus one can track their portfolios and investments.
• There is a forum message board
• The moneycontrol Pro has subscriber offers.

The moneycontrol Pro subscription fee is as follows:

1. • Monthly – INR 99 per Month (within India) or $1.40 (outside India)
2. • Quarterly – INR 289 for 3 Months (within India) or $4.09 (outside India)
3. • Annual – INR 999 for 1 year (within India) or $14.13 (outside India)

The payment is linked to the Google Pay and gets auto-renewed.

With advanced features, the Moneycontrol app is a must for every share trader.

Moneycontrol Transact App

The Moneycontrol Transact is for those who wish to invest in mutual funds and wants a smooth and seamless transaction app.

The app is a collaboration between Moneycontrol and CRISIL.

The features of this app are:

• Provides single window access to mutual funds with up to date recommendations.
• Some mutual funds experts are there to guide you.
• Current and future mutual funds will be processed automatically.

• Registration is done online and it takes not more than 2 minutes.
• There are mutual funds available for the following period:
• 1-3 year, 3-5 year and 5+ year.
• There are mutual funds linked to almost all the domains: banking, infrastructure, FMCG, retail and international markets.
• An investment can begin from as low as INR 100.
• List of mutual funds supported by the app:
  • ICICI Mutual Fund
  • HDFC Mutual Fund
  • Reliance Mutual Fund
  • DSP Mutual Fund
  • Aditya Birla (ABSL) Mutual Fund
  • SBI Mutual Fund
  • Franklin Templeton Mutual Fund
  • Axis Mutual Fund
  • IDFC Mutual Fund
  • Kotak Mutual Fund
  • L&T Mutual Fund
  • Tata Mutual Fund
  • UTI Mutual Fund
  • Principal Mutual Fund
• The user will get instant alerts regarding transactions
• Information will be provided regarding the spending of the money through the mutual fund.
• Safe and secure transaction environment backed by the best encryption measures. All data is safeguarded by a foolproof bank-grade firewall system.

Moneycontrol Customer Care Support

Conclusion

Moneycontrol is one of the leading lights in the field of fintech and share trading. It provides an in-depth analysis of the stock market and helps investors and traders in taking an informed decision. Moneycontrol has one of the best-informed websites through which it engages its audience.

Moneycontrol Pro is the latest app from their stable. It promises to provide the fastest means to operate in the highly competitive world of share trading.

The website is not just limited to the trading community. Any student of finance and trading will be interested to fathom the depths of the website mining for information. In short, Moneycontrol is a goldmine for the knowledge crazy.

Moneycontrol FAQs

Q1: Who is the current owner of Moneycontrol?

The current owner of Moneycontrol is Reliance Industries after they bought TV 18 and all its subsidiaries.

Q2: What are the subscription plan for Moneycontrol Pro?

• Monthly – INR 99 per Month (within India) or $1.40 (outside India)
• Quarterly – INR 289 for 3 Months (within India) or $4.09 (outside India)
• Annual – INR 999 for 1 year (within India) or $14.13 (outside India)

The payment is linked to the Google Pay and gets auto-renewed.

Q3: What the future holds for Moneycontrol?

After being bought by Reliance Industries, Moneycontrol has a wider scope of reach. It already commands a large portion of the market and will continue to do so.

Q4: What are the Strengths of Moneycontrol?

• Intense research being committed on all aspects of trading and company financials to provide a wholesome picture to the users. With the volume of details that Moneycontrol provides, it surely is a blessing for traders and investors alike.
• Uses state of the art analytics to scour the intricacies of the share market. Has a team of highly qualified domain experts who create information sets daily.
• Moneycontrol is extremely particular about the quality of information that is being put up. Hence, the information that is being emanated is spot on and without error.
• The scope of Moneycontrol has increased after being taken over by Reliance Digital. With greater funding and a wider audience, Moneycontrol is marching to further its consolidate its position as the numero uno of financial reporting in the country.

Q5: What are the heads available under the Quick Links section?

• News
• Corporate Action
• Information
• Financials
• Annual Reports
• Peer Comparison

Dharmendra Mukati

Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.