Month: October 2021

Banks, NBFCs report jump in advances in September quarter, BFSI News, ET BFSI

Banking & Finance

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In a sign that bank credit growth may be on an uptrend, most bank and non-bank lenders reported a jump in disbursal of advances in the quarter ended September.

HDFC Bank saw its advances book grow by around 15.4% year on year at the end of the September quarter, proforma numbers released by the private sector lender showed. Its total loans aggregated to Rs 11.98 lakh crore at the end of September, up 4.4% sequentially. It’s total loans were at Rs 10.38 lakh crore at the end of September 2020.

As per the bank’s internal business classification, retail loans during the September quarter grew by around 13% year on year and 5.5% over June quarter. Commercial and rural banking loans grew by around 27.5% y-o-y while other wholesale loans grew by around 6%.

HDFC Bank has “resumed its retail growth journey” as the economy recovered from the second wave of Covid-19, said Gautam Chhuggani, director – financial at investment management firm Bernstein Research.

“We expect loan mix normalisation to be the norm in the coming quarters, with a focus on improving margins and ongoing tech transformation,” he said and noted that the bank has already reported a healthy bounce-back on new credit card issuances after the Reserve Bank of India in August lifted a ban imposed in December last year.

Mortgage lender HDFC assigned loans amounting to Rs 7,132 crore at the end of the September quarter versus Rs 3,026 crore a year earlier. It sold loans worth Rs 27,199 crore in the preceding 12 months versus Rs 14,138 crore in the previous year, regulatory filings show.

Private sector lender IndusInd Bank reported better-than-expected credit growth of 10% with total loans at Rs 2.2 lakh crore at the end of the September quarter, preliminary numbers filed with stock exchanges showed.

“The credit growth indicates underlying strong credit re-acceleration in the retail book,” said Anand Dama, senior research analyst at Emkay Financial Services. “The bank has been growing its corporate book since the June quarter and we believe that the bank is likely to have seen healthy momentum in the corporate book in September quarter as well.”

IDFC First Bank posted 9.75% growth in advances at Rs 1,17,243 crore for the second quarter ended September.

Leading non-bank lender Bajaj Finance reported it had booked 6.3 million new loans at the end of the September quarter versus 3.6 million a year ago. It’s assets under management (AUM) stood at Rs 1.66 lakh crore for the quarter under review as against Rs 1.37 lakh crore a year earlier.

Non-bank lender Mahindra & Mahindra Financial Services posted a 60% year-on-year growth in disbursements at Rs 6,450 crore at the end of the September quarter. With further improvement in mobility during September, the collection efficiency for the NBFC was reported at 100% for September 2021.

“Subject to improvement in auto supply chain, the company is hopeful of a good Q3 FY22 ahead, supported by festival season and harvest cash flow.” M&M Finance said in a statement.

Private lender Yes Bank posted a 3.6% rise in its advances to Rs 1.72 lakh crore, though retail disbursements grew at a faster rate and grew by 126.6% over last year to Rs 8531 crore at the end of the September quarter as against Rs 3764 crore a year ago.



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7 Auto Stocks To Buy According To Sharekhan’s Automobile Report

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Here are 7 auto stocks that are a buy according to the latest automobile report of Sharekhan.

Current market price Target price Likely gains %
Alicon Castalloy Limited Rs 768 Rs 1056 37.50%
Amara Raja Batteries Rs 767 Rs 1146 49.41%
Ramkrishna Forgings Rs 1,145 Rs 1,204 5.15%
Sundram Fasteners Rs 922 Rs 1,100 19.31%
Lumax Auto Rs 140 Rs 207 47.86%
Mayur Uniquoters Rs 466 Rs 670 43.78%
TVS Motors Rs 562 Rs 688 22.42%

Sharekhan’s take on the auto sector

Sharekhan’s take on the auto sector

According to the above table, stocks like Amara Raja Batteries, Lumax and Mayur Uniquoters are good stocks to buy, which can give nearly 45 to 50% returns from current levels.

According to Sharekhan, the automotive monthly sales in September 2021 were broadly in line with its expectations, with commercial vehicles (CV) dispatches continuing to outperform other segments, while the passenger vehicle (PV) segment continues to impacted by chips shortage.

“Two-wheelers (2Ws) and tractor sales were muted due to high base and higher dealer inventory at the start of September month. Our channel checks suggest a strong rise in enquiries and order booking across segments and expect strong sales in the festive season going ahead, though the PV segment is expected to be subdued to supply issues. Moreover, automobile companies are launching new and upgraded models. We expect commercial vehicles (CV) sales to recover strongly, followed by tractors, 2W (2W), and passenger vehicles,” the brokerage has said.

Disclaimer

Disclaimer

The above stocks are picked from Sharekhan’s latest report on the aut sector. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies Pvt Ltd, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.



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Leading companies come together to set up Merchants Payments Alliance of India

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Leading companies using digital payments to service consumers including Facebook, Microsoft and Netflix have come together to set up the Merchants Payments Alliance of India (MPAI), which would promote digitalisation and financial literacy in the country.

“The alliance’s founding members include BookMyShow, Disney+ Hotstar, Facebook, Future Generali, Microsoft, Netflix, Spotify, Times Internet, and Zoom,” said a statement on Tuesday.

The formation of the alliance comes soon after the Reserve Bank of India’s directive on e-mandate that came into effect from October 1.

“MPAI will work towards such causes by addressing and constructively engaging with the payments regulator and industry. The alliance will enhance the value of India’s digital markets, provide public interest research and thought leadership on digital payments, and build consumer awareness,” it said, adding that the group will also become the principal resource platform for merchants and the payments ecosystem to contribute to policy conversations.

Also read: Explained: RBI’s new auto debit rules

Vivan Sharan, MPAI Secretariat, said, “The MPAI sees itself as a collective, using the operational experience of merchants, to engage on policy matters such as the e-mandate issue, which will help reduce transaction-related frictions and improve the efficiency of digital markets.”

Vishal Mehta, Strategic Partnerships and Payments, Microsoft, a member of MPAI, said, “The group’s purpose is to be a collaborator to the digital payments policy discourse and Microsoft is excited to be part of this initiative.”

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Atal Pension Yojana (APY) Securing Guaranteed Pensions To The Underprivileged

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Planning

oi-Kuntala Sarkar

|

The Atal Pension Yojana (APY) was launched by the union government in 2015 for offering a universal social security system for Indians. The scheme, administered by the Pension Fund Regulatory and Development Authority (PFRDA) initially aimed to help especially the poor, the under-privileged section, and the workers in the unorganized sector. A subscriber can join the APY scheme through a public or private sector bank branch, or a post office. Both online and offline application modes are available for the scheme. The union government will have a 50% additional contribution of the total contribution by the subscriber or a Rs. 1000 per annum, whichever is lower.

Atal Pension Yojana (APY) Securing Guaranteed Pensions To The Underprivileged

One can contribute to an APY account monthly/quarterly/half-yearly basis. Change in the frequency of contribution, like from quarterly to a monthly contribution, etc. can be done after submission of a written request by the APY subscriber to the APY service provider branch. An APY subscriber can also modify their pension amount once in an FY.

Benefits

According to the government, a subscriber will receive a guaranteed minimum monthly pension of Rs. 1000 or Rs. 2000 or Rs. 3000 or Rs. 4000 or Rs. 5000 at the age of his/her 60 years. The monthly pension will be given to the subscriber; in case of his/her death, to the spouse. After their death, the pension corpus, as accumulated at age 60 of the subscriber, would be returned to the nominee of the subscriber. a government document mentions, “If the accumulated corpus based on contributions earns a lower than estimated return on investment and is inadequate to provide the minimum guaranteed pension, the Central Government would fund such inadequacy. Alternatively, if the returns on investment are higher, the subscribers would get enhanced pensionary benefits.”

Approximate contribution to receive the benefit of Rs. 1000 pension monthly

Age of joining Years of contribution Indicative monthly contribution
18 42 42
30 30 116
40 20 291

Source: HDFC bank

Who can apply for the Atal Pension Yojana (APY)?

A person, who is not a beneficiary of any social security scheme and is not an income taxpayer will be eligible for the scheme. To apply for the APY scheme the person needs to be an Indian citizen aged between 18-40 years. It is open to all bank account holders, but the contributions differ based on the pension amount chosen. One must provide nomination and spouse details in the APY account. If the subscriber faces a premature death (death before 60 years of age), the subscriber’s spouse will be able to continue the contribution to the scheme under the same APY account. The spouse can contribute for the remaining vesting period, till the original subscriber would have attained the age of 60 years.

An APY mobile application is also available for the APY users to view the contributions, transaction statement, and e-Permanent Retirement Account Number (e-PRAN) card.

For closure of an APY account, a duly filled ‘Account Closure Form (Voluntary Exit) form’ and other related documents will have submitted to the concerned APY service provider branch, also one can find the form is available at – www.npscra.nsdl.co.in.

Story first published: Wednesday, October 6, 2021, 10:05 [IST]



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This Healthcare Stock Is A Buy For A 22% Upside, Says Sharekhan

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Financials of Metropolis Healthcare (estimates by Sharekhan)

FY 2022 (E) FY 2023 (E)
Revenues Rs 1227.9 Rs 1398.1
Operating profits Rs 370.3 Rs 429.3
EPS Rs 44.4 Rs 52.6
Returns on capital employed 31.70% 31.30%
Net profits Rs 226.9 Rs 268.8
RONW 26.30% 26.10%

The brokerage sees net profits surging to Rs 268.8 crores for FY 2023 from Rs 226.9, it is estimated to achieve in FY 2022- The above numbers are only estimates by the brokerage firm.

Rationale for buying the stock of Metropolis Healthcare

Rationale for buying the stock of Metropolis Healthcare

According to Sharekhan, there is an emphasis of the company on growing the lucrative business to consumer business. The company plans to increase the share of B2C segment in focus cities to 65% from 58% (FY21) coupled with efforts to convert few seeding cities to focus cities and sturdy expansion plans basis asset light franchise model to drive the topline growth.

“Efforts to drive the home collection services and more specialised tests, and higher growth in B2C segment leading to favorable mix would drive up margins leading to a strong 21% PAT CAGR over FY21-FY23E,” the brokerage has said.

Expansion of network to help

Expansion of network to help

According to Sharekhan the company is also consistently focusing on expanding its network to fuel growth.

“Going ahead, the management plans to add around 90 new laboratories and 1800 new patient service centers over next three years, driven by the asset-light franchise model. The expansion could entail an investment of Rs 25- 35 crore. Further, given the strong growth potential in seeding cities (21% of sales), the company plans to convert a few ‘seeding cities’ to ‘focus cities’ (in which it has a higher market share),” the brokerage has said.

Metropolis Healthcare according to Sharekhan has a strong and an established presence in the focus markets of Mumbai, Pune, Bangalore, Surat and Chennai.

Good mix to drive growth

Good mix to drive growth

According to Sharekhan, Metropolis’s operating margins for the Financial Year 2021 stood at 28.7% as compared to 27.2% as of FY2018, implying an expansion of 150 bps, this largely supported by the reduction in employee cost and other expenses (as a percentage of sales). However over the period from FY2017 to FY2021 the company has substantially expanded its network / touch points including the patient service centers. Considering substantial expansion in network, test volumes have grown at a mere 7.4% compounded annual growth rate over FY2017 to FY2021 thus implying at ample head room for expansion.

According to the brokerage the company’s leading position in diagnostics space, wide test portfolio, pan-India presence would be the positives for Metropolis. The stock trades at 62.6 times and 52.9 times its FY22E/FY23E EPS

Disclaimer:

Disclaimer:

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies Pvt Ltd, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.



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This Private Sector Bank Revises Interest Rates On Savings Account

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Investment

oi-Vipul Das

|

DCB Bank has revised interest rates on savings accounts which is now in effect from 1st October 2021. This private sector bank offers a range of saving account options for its customers. For resident Indian citizens, the bank provides DCB Elite Savings Account, DCB Privilege Savings Account, DCB CashBack Savings Account, DCB Classic Savings Account, DCB Basic Savings Bank Deposit Account, DCB Elite Current Account, DCB Business Saver Current Account, DCB SmartGain Current Account, DCB PMJDY Account, DCB Classic Current Account, DCB Student Savings Account, DCB Shaurya Savings Account, DCB Saahas Savings Account, DCB RERA Current Account, DCB Kisan Mitra Savings Account, DCB Insti Prime Savings Account, DCB Insti Prime Current Account, DCB Shubh-Labh Savings Account.

DCB Bank Savings Account Interest Rates

DCB Bank Savings Account Interest Rates

For resident, NRE, and NRO savings bank account, the most recent interest rates are as follows.

Resident, NRE, and NRO Savings Bank Account Interest rates (with effect from October 1, 2021)
Balance Range (INR) Rate of Interest p.a. W.E.F October 1, 2021
On balances up to 1 lakh in the account 2.75%
On balances above 1 lakh to less than 25 lakh in the account 5.00%
On balances from 25 lakh to less than 50 lakh in the account 6.00%
On balances from 50 lakh to less than 2 crore in the account 6.50%
On balances from 2 crore to less than 50 crore in the account 5.50%
On balances from 50 crore and above 5.00%
Source: Bank Website

DCB Bank Current and Saving Accounts Transactions Charges

DCB Bank Current and Saving Accounts Transactions Charges

With effect from 1 March 2020, the transaction charges for National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Services (IMPS) undertaken at branches have been adjusted which is as follows:

Transaction Amount NEFT Charges RTGS Charges IMPS Charges
Amount upto INR 10,000 INR 2.00 Not Applicable INR 4.50
Amount above INR 10,000 INR 4.50 Not Applicable INR 4.50 and upto INR 1 Lakh INR 4.50 Not Applicable INR 4.50
Amount above INR 1 Lakh INR 14.50 Not Applicable INR 14.50 and upto INR 2 Lakh INR 14.50 Not Applicable INR 14.50
Amount above INR 2 Lakh INR 24.50 INR 24.50 Not Applicable and upto INR 5 Lakh (Including INR 2 Lakh for RTGS) INR 24.50 INR 24.50 Not Applicable
Amount above INR 5 Lakh INR 24.50 INR 49.00 Not Applicable

DCB Current and DCB Saving Accounts Monthly Cash Withdrawal Limit & Applicable Charges

DCB Current and DCB Saving Accounts Monthly Cash Withdrawal Limit & Applicable Charges

With effect from March 1, 2020, the service charges for cash withdrawal transactions have been changed. The new fee structure is as follows:

  • Monthly Cash Withdrawal Limit & Applicable Charges Less than or equal to 3 times of previous month AMB – Free.
  • More than 3 times and upto 10 times of previous month AMB – INR 1 per Thousand of cash withdrawal.
  • More than 10 times of previous month AMB – INR 2 per Thousand of Cash Withdrawal.
  • For DCB Current Accounts charge levied for each transaction exceeding the applicable free limit will be INR 100 per transaction beyond free limit plus applicable tax.
  • For DCB Savings Account Charge levied for each transaction exceeding the applicable free limit will be INR 100 per transaction beyond free limit plus applicable tax.

Story first published: Wednesday, October 6, 2021, 9:20 [IST]



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Reserve Bank of India – Press Releases

Press Releases

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(Amount in ₹ crore, Rate in Per cent)
  Volume
(One Leg)		 Weighted
Average Rate 		Range
A. Overnight Segment (I+II+III+IV) 465,458.56 3.17 1.00-5.15
     I. Call Money 5,850.64 3.20 1.95-3.40
     II. Triparty Repo 358,048.15 3.14 2.89-3.24
     III. Market Repo 101,514.77 3.24 1.00-3.35
     IV. Repo in Corporate Bond 45.00 5.15 5.15-5.15
B. Term Segment      
     I. Notice Money** 1,264.07 3.16 2.40-3.40
     II. Term Money@@ 24.00 – 3.20-3.30
     III. Triparty Repo 10.00 3.19 3.19-3.19
     IV. Market Repo 1,781.98 3.42 2.00-3.50
     V. Repo in Corporate Bond 2,230.00 3.62 3.60-5.35
  Auction Date Tenor (Days) Maturity Date Amount Current Rate /
Cut off Rate
C. Liquidity Adjustment Facility (LAF) & Marginal Standing Facility (MSF)
I. Today’s Operations
1. Fixed Rate          
     (i) Repo          
    (ii) Reverse Repo Tue, 05/10/2021 1 Wed, 06/10/2021 420,811.00 3.35
    (iii) Special Reverse Repo~          
    (iv) Special Reverse Repoψ          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo Tue, 05/10/2021 7 Tue, 12/10/2021 200,001.00 3.61
3. MSF Tue, 05/10/2021 1 Wed, 06/10/2021 235.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -620,577.00  
II. Outstanding Operations
1. Fixed Rate          
    (i) Repo          
    (ii) Reverse Repo          
    (iii) Special Reverse Repo~ Fri, 24/09/2021 14 Fri, 08/10/2021 6,999.00 3.75
    (iv) Special Reverse Repoψ Fri, 24/09/2021 14 Fri, 08/10/2021 2,712.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 24/09/2021 14 Fri, 08/10/2021 344,515.00 3.60
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF          
4. Long-Term Repo Operations# Mon, 17/02/2020 1095 Thu, 16/02/2023 499.00 5.15
  Mon, 02/03/2020 1094 Wed, 01/03/2023 253.00 5.15
  Mon, 09/03/2020 1093 Tue, 07/03/2023 484.00 5.15
  Wed, 18/03/2020 1094 Fri, 17/03/2023 294.00 5.15
5. Targeted Long Term Repo Operations^ Fri, 27/03/2020 1092 Fri, 24/03/2023 12,236.00 4.40
  Fri, 03/04/2020 1095 Mon, 03/04/2023 16,925.00 4.40
  Thu, 09/04/2020 1093 Fri, 07/04/2023 18,042.00 4.40
  Fri, 17/04/2020 1091 Thu, 13/04/2023 20,399.00 4.40
6. Targeted Long Term Repo Operations 2.0^ Thu, 23/04/2020 1093 Fri, 21/04/2023 7,950.00 4.40
7. On Tap Targeted Long Term Repo Operations€ Mon, 22/03/2021 1095 Thu, 21/03/2024 5,000.00 4.00
  Mon, 14/06/2021 1096 Fri, 14/06/2024 320.00 4.00
  Mon, 30/08/2021 1095 Thu, 29/08/2024 50.00 4.00
  Mon, 13/09/2021 1095 Thu, 12/09/2024 200.00 4.00
  Mon, 27/09/2021 1095 Thu, 26/09/2024 600.00 4.00
  Mon, 04/10/2021 1095 Thu, 03/10/2024 350.00 4.00
8. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 17/05/2021 1095 Thu, 16/05/2024 400.00 4.00
  Tue, 15/06/2021 1095 Fri, 14/06/2024 490.00 4.00
  Thu, 15/07/2021 1093 Fri, 12/07/2024 750.00 4.00
  Tue, 17/08/2021 1095 Fri, 16/08/2024 250.00 4.00
  Wed, 15/09/2021 1094 Fri, 13/09/2024 150.00 4.00
D. Standing Liquidity Facility (SLF) Availed from RBI$       23,995.80  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -244,588.20  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -865,165.20  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 05/10/2021 613,263.16  
     (ii) Average daily cash reserve requirement for the fortnight ending 08/10/2021 630,489.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 05/10/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 10/09/2021 1,183,556.00  
@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
– Not Applicable / No Transaction.
** Relates to uncollateralized transactions of 2 to 14 days tenor.
@@ Relates to uncollateralized transactions of 15 days to one year tenor.
$ Includes refinance facilities extended by RBI.
& As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
* Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo.
# As per the Press Release No. 2020-2021/287 dated September 04, 2020.
^ As per the Press Release No. 2020-2021/605 dated November 06, 2020.
€ As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
£ As per the Press Release No. 2021-2022/181 dated May 07, 2021.
~ As per the Press Release No. 2021-2022/177 dated May 07, 2021.
ψ As per the Press Release No. 2021-2022/323 dated June 04, 2021.
Ajit Prasad
Director   
Press Release: 2021-2022/990

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7 Electric Vehicle Stocks For Investors To Keep An Eye On

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Why there is a hype around Electric Vehecle stocks?

The government has set a goal of achieving 100% electrification by 2030. Given the early phases of adoption that we are currently in, this is a massive goal.

All three-wheelers will be battery-powered by 2023, and the majority of two-wheelers will be battery-powered by 2025. With the Indian government’s increased focus on green mobility, it’s reasonable to expect the electric vehicle industry to develop and India’s electric vehicle fleet to expand. Because of India’s EV market’s widespread acceptance and expansion, the year 2021 can be regarded the best time to invest in electric vehicle stocks in India.

Mahindra & Mahindra Limited

Mahindra & Mahindra Limited

In India, Mahindra is a pioneer in the field of electric vehicles. Its first EV, the Mahindra Reva, was introduced in 2001, making it the first significant EV manufacturer. With the EV manufacturing unit in Bangalore, it has expanded beyond consumer and business demands to include a wide range of other market categories. Mahindra & Mahindra Limited is expected to handle future expansion within the electric vehicle sector, particularly in terms of battery development.

The Mahindra e2o and Mahindra e2o Plus are two new compact urban electric car models from Mahindra.

The stock returned -2.33 percent over a three-year period, compared to 58.78 percent for the Nifty 100 index.

  • Market Cap (Rs. in Cr.): 104788.70
  • Earning Per Share: Rs. 8.14
  • Price To Earnings Ratio: 103.53

Tata Motors

Tata Motors

Tata Motors has created ZAPTRON, a unique technology that creates power through kinetic braking and recharges the battery while the car is in motion.

Tata Motors now offers three hybrid vehicles: the Tigor electric car, Nano electric vehicle, and Tiago electric vehicle. As it expands its R&D globally and in India, it is expected to dominate the EV industry. Apart from autos, Tata Motors also produces a large number of heavy-duty electric buses, dump trucks, and military vehicles in India.

For the past three years, the company has posted a negative return on investment (ROI). Over a three-year period, the stock returned 45.32 percent, while the Nifty Auto provided investors a 9.7 percent return.

  • Market Cap (Rs. in Cr.): 114567.22
  • Earning Per Share: Rs.-4.59
  • Price To Earnings Ratio: 0.00

Greaves Cotton 

Greaves Cotton 

Greaves Cotton announced a move into the multi-brand EV retail space, which it expects to be a significant contribution to both the top and bottom lines. It’s the only multi-brand EV store in the area, and it’s a natural extension of the company’s high-end engine expertise. GCL has a market share of 60-65 percent in the 3W diesel engine segment. Over 30 Indian original equipment manufacturers rely on GCL engines (OEMs)

Only 3.63 percent of trading sessions in the last 16 years had intraday gains of more than 5%. The stock returned 6.34 percent over three years, compared to 76.83 percent for the Nifty Smallcap 100.

  • Market Cap (Rs. in Cr.): 3204.53
  • Earning Per Share: Rs 1.21
  • Price To Earnings Ratio: 114.08

Minda Corp

Minda Corp

The N.K. Minda Group’s flagship company, Minda Industries Limited, is one of India’s most versatile auto component producers. It is a tier-1 supplier of patented automotive solutions to OEMs and a technical leader in the automotive components business. Minda has engineering, R&D, and production facilities in Manesar, Pune, and Sonepat, and is headquartered in Manesar, Haryana. It is the first car component producer to supply electric vehicle manufacturers. It has already received orders to offer electric vehicle mobility components. It is primarily focused on R&D and has a prestigious roster of electric vehicle clients.

Only 3.63 percent of trading sessions in the last 16 years had intraday gains of more than 5%. The stock returned 6.34 percent over three years, compared to 76.83 percent for the Nifty Smallcap 100.

  • Market Cap (Rs. in Cr.): 3213.23
  • Earning Per Share: Rs 4.76
  • Price To Earnings Ratio: 28.22

Ashok Leyland

Ashok Leyland

India’s leading maker of electric buses, vehicles, and security equipment is Ashok Leyland. It has created the world’s first flash-charged electric bus.

It allows heavy-duty electric vehicles to fit on Indian highways, making it suitable for them. Ashok Leyland’s historic debuts include Circuit, Circuit S, and HYBUS, to name a few. With ABB TOSA technology, Ashok Leyland will disrupt the heavy electric vehicle industry in India.

Only 3.09 percent of trading sessions in the last 16 years had intraday drops of more than 5%. Over a three-year period, the stock returned 8.82 percent, compared to 9.7 percent for the Nifty Auto Index.

  • Market Cap (Rs. in Cr.): 38807.67
  • Earning Per Share: Rs -0.71
  • Price To Earnings Ratio: 0.00

Bharat Forge

Bharat Forge

Bharat Forge has launched a new firm called Kalyani Powertrain to focus on its electric vehicle sector. In the last year, the company’s stock has increased by 65 percent.

Furthermore, it intends to manufacture electric two- and three-wheelers with the support of Tork Motors, a Pune-based electric motorcycle startup in which Bharat Forge owns a 49 percent stake. In 2022, the first model is expected to hit the market.

Only 2.53 percent of trading sessions in the last 16 years had intraday gains of more than 5%. In comparison to the Nifty 100, which returned 58.78 percent over three years, the stock returned 16.31%.

  • Market Cap (Rs. in Cr.): 33641.11
  • Earning Per Share: Rs 11.49
  • Price To Earnings Ratio: 62.87

Exide Industries

Exide Industries

Exide Industries specializes in the manufacture of storage batteries and related items. A subsidiary of the corporation, Exide Life Insurance Company Ltd (ELI), provides life insurance to customers through a number of channels, such as individual agents, corporate agents, banks, and so on.

Storage Batteries Segment: The company is India’s largest storage battery manufacturer, with a monopoly on virtually every category in the automotive, industrial, and submarine industries.

Only 2.38 percent of trading sessions in the last 16 years had intraday gains of more than 5%. The stock returned -31.96 percent over three years, compared to 75.85 percent for the Nifty Midcap 100.

  • Market Cap (Rs. in Cr.): 15380.75
  • Earning Per Share: Rs 9.88
  • Price To Earnings Ratio: 18.32

Other EV related stocks

Other EV related stocks

Himadri Speciality Chemical, Hindalco Industries, Hindustan Copper, and JBM Auto Ltd are some of the EV-related stocks. These stocks represent the EV potential and are direct and indirect beneficiaries. Before making any investments, it is wise to consult with your experts.

Disclaimer

Investors should note that investing in stocks is risky and neither the author, nor Greynium Information Technologies Pvt Ltd, nor the brokerage would be responsible for losses based on a decision from the above article.



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Ahead of festive season, banks slash interest rate on home loans. Get the details here, BFSI News, ET BFSI

Banking & Finance

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Festive season has commenced and banks as well as non-banking financial institutions have already rolled out a plethora of festival offers like lower interest rates on loans and waiver of processing fees.

Ahead of the festive season, many top banks have announced offers and discounts on home loans.

State Bank of India (SBI), ICICI Bank, Punjab National Bank (PNB), Kotak Mahindra, Bank of Baroda (BoB) and Yes Bank are among the banks offering home loans at attractive rates.

The offer is for a limited time period.

Bank Women Others Effective Rate of Interest Offer valid upto
SBI – – 6.70% onwards –
ICICI Bank – – 6.70% onwards –
Yes Bank 6.65% onwards (salaried) – 6.70% onwards 1-Oct to 31 Dec 2021
Kotak Mahindra Bank – – 6.50% onwards 10-Sep to 8-Nov-21
Punjab National Bank – – 6.60% onwards

Source: Official Websites

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Ahead of festive season, banks slash interest rate on home loans. Get the details here, BFSI News, ET BFSI

Banking & Finance

[ad_1]

Read More/Less


Festive season has commenced and banks as well as non-banking financial institutions have already rolled out a plethora of festival offers like lower interest rates on loans and waiver of processing fees.

Ahead of the festive season, many top banks have announced offers and discounts on home loans.

State Bank of India (SBI), ICICI Bank, Punjab National Bank (PNB), Kotak Mahindra, Bank of Baroda (BoB) and Yes Bank are among the banks offering home loans at attractive rates.

The offer is for a limited time period.

Bank Women Others Effective Rate of Interest
SBI – – 6.70% onwards
ICICI Bank – – 6.70% onwards
Yes Bank 6.65% onwards (salaried) – 6.70% onwards
Kotak Mahindra Bank – – 6.50% onwards
Punjab National Bank – – 6.60% onwards

Source: Official Websites

Follow and connect with us on , Facebook, Linkedin



[ad_2]

CLICK HERE TO APPLY

Leave a comment , , , , , , , ,
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