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Top 6 Best Monopoly Company Stocks in India

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IRCTC

The Indian Railway Catering and Tourism Corporation (IRCTC), which was founded in 1999, is the only entity permitted to sell railway tickets through both online and offline channels. It is the only company in the entire railway network that is permitted to sell water bottles. It is the only catering firm allowed to operate on Indian railways. Friends, as more people become engaged in travel, they will be in high demand in every area, including online tickets, water bottles, catering services, including internet catering, and the railway network’s chain of cafes and restaurants.

Because it is the sole entity that operates Indian railways, IRCTC has monopoly power. Investors flocked to the public offering when it was announced. The stock delivered 74.22% in a year, 59.87% in six months, 14.70% in a month.

For the past three years, the company has shown a good profit growth of 35.03 percent and the company has maintained a respectable ROE of 33.38 percent. With a healthy interest coverage ratio of 103.47, the company is in good shape.

  • Share Price: Rs 2,331.30
  • Market Cap: Rs 37,300.80 Crore

CDSL

CDSL

CDSL (Central Depository Services limited). When you trade assets (such as stocks, bonds, ETFs, mutual funds, government securities, treasury bills, and so on), CDSL keeps track of your holdings and transactions in dematerialized form. In India, there are just two such companies: NSDL and CDSL. CDSL is preferred by many brokers over NSDL. The one reason is that it has 30% lower rates than NSDL.

CDSL is the market leader in this industry, with a market share of 59 percent. With three-year ROE of 14 percent and a healthy ROCE of 20.18 percent. The stock delivered 293.77% in a year, 172.77% in six months, 35.75% in a month.

  • Share Price: Rs 1,331.45
  • Market Cap: Rs 13,913.65 Cr.

CAMS

CAMS

CAMS (Computer-Age Management Services) assists mutual funds with report maintenance, data administration, and registration and transfer agent services (RTA). CAMS has a 70% market share and a market capitalization of Rs 13800 crore. In the last five years, the mutual fund business has grown significantly. Four of the top five mutual funds are among CAMS’ mutual fund clients. CAMS has a distinct advantage because the entry barrier to this market is quite high, and replacing the company is extremely tough.

The stock delivered 133.8% in a year, 82.three% in six months, 17.31% in a month, and zero.

  • Share Price: Rs 3,360.00
  • Market Cap: Rs 16,311.39 Crore

IEX

IEX

The Indian Energy Exchange is the country’s major electricity exchange. It’s an online marketplace where buyers and sellers of electricity can exchange. It improves the electricity market’s accessibility and transparency, as well as the speed and efficiency with which trades are executed. The amount of spot power traded on the exchange is steadily increasing. As the pandemic fades, the country’s electricity demand continues to rise. However, this is another company that may be bought on the cheap for a long-term investment.

The company’s net profit climbed by 49.23% year over year, from Rs 42.1 crore to Rs 62.8 crore. The revenue grew every year, from Rs 257 crore in fiscal FY2021, to Rs 318 crore in fiscal FY2021. The stock delivered 145.43% in a year, 74.12% in six months, 13.26% in a month.

  • Share PRice: Rs 431
  • Market Cap: Rs 12,910.89 Crore

CONCOR

CONCOR

Indian Railways’ Container Corporation of India Limited is a totally owned subsidiary. CONCOR was founded in March 1988 under the Companies Act and began operations in November 1989, taking over Indian Railways’ existing network of seven inland container facilities. CONCOR (Container Corporation of India Limited) is a navratna firm owned by the Indian government, with promoters owning 54.8 percent of the company. It also constructs, maintains, and restores shipping containers. Conquer has its own terminals at 61 sites, making it a market leader in the transportation and logistics industry. The stock delivered 42.50% in a year, 41.82% in six months, -6.27% in a month.

  • Share Price: Rs 643.95
  • Market Cap: Rs 39,232.46 Crore

Multi Commodity Exchange of India

Multi Commodity Exchange of India

India’s first commodities derivative exchange is the Multi Commodity Exchange. It enables commodity derivative trades to be traded online. A wide selection of commodities can be traded with an MCX trading account. With a market share of over 92 percent in India’s commodities exchange sector, MCX has a near-monopoly.

The average daily turnover of commodities futures contracts climbed by 21% to Rs 28,031 crore in Q1FY2022, compared to Rs 23,129 crore in the previous year. In Q1FY2022, the company made a combined net profit of Rs 39.80 crore. The net profit CAGR for the last three years is 27.6 percent, which is impressive. The stock delivered -3.79% in a year, -0.15% in six months, 5.52% in a month.

  • Share Price: Rs 1,603.25
  • Market Cap: Rs 8,176.31 Crore

Conclusion

Conclusion

The stocks listed above are only intended to give you a general picture of what monopoly stocks in India are like. HAL, ITC, Pidilite, and Asian Paints are some of the other monopoly company stocks. Please conduct a fundamental and technical stock analysis before selecting these stocks for investment. This market structure, however, has some disadvantages. Due to a lack of competition in the industry, monopolists frequently operate inefficiently. Furthermore, price differentiation may be harmful to customers. Finally, before making any investments, speak with a financial counselor.



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Stocks To Buy: 3 Banking Stocks With An Upside Target Of Up to 30%

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Buy Canara Bank, says broking firm Emkay Global

Broking firm, Emkay Global has suggested buying the stock of Canara Bank with an upside target of almost 30% from the current levels. The broking firm has revised the price target to Rs 185, as against the current market price of Rs 148.

According to the brokerage despite moderate credit growth and elevated provisions, Canara Bank reported a strong beat on net profits at Rs 11.7 billion, driven by strong margins, a one-off gain from the UB group stake sale and higher PSLC fees (seen across PSBs). Reported Gross Non Performing Assets improved 43 basis points, qoq to 8.5% due to contained slippages/higher upgrades.

“In our view, merger/asset quality related concerns are largely behind and the bank should report a gradual improvement in its RoA/RoE to 0.4-0.5%/10-11% by FY23E-24E (without factoring in dilution). Retain Buy with a revised target price of Rs 185 (from Rs 175), factoring in upgrades in earnings/multiple (core bank now valued at 0.6x vs. 0.5x),” the broking firm has said.

Buy ICICI Bank, Says Prabhudas Lilladhar

Buy ICICI Bank, Says Prabhudas Lilladhar

The brokerage has set a target of Rs 815 on the stock of ICICI Bank, as against the current market price of Rs 677.

According to Prabhudas Lilladhar, ICICI Bank operationally reported in-line performance with net profits of Rs 46.2 billion with a strong Net Interest Income growth of 18% YoY (best in industry) followed through a strong core PPOP growth of 23% YoY. The small setback was on higher slippages of Rs 72.3 billion (annualized 4% of loans) given the severity of wave two of covid 19.

“Strong franchise strength is reflecting in strong growth path both in liabilities & assets with much better managed risk which keep Return On Equity to move towards 15-16% in FY23. Maintain conviction BUY with revised target price of Rs 815 (from Rs 750) based on 2.4 times Sep-23 anticipated book value (rolled from March 2023) and subs value of Rs 181 (from Rs 164),” the brokerage has said. Shares of ICICI Bank were last seen trading at Rs 682.

Buy IndusInd Bank

Buy IndusInd Bank

Prabhudas Lilladhar has also suggested buying the stock of another banking major, IndusInd Bank. The bank saw savings account deposit strong with Rs 88.6 billion of incremental accretion, highest in the first quarter. IndusInd Bank’s earnings of Rs 9.75 billion (PLe: Rs 9.97 billion) was largely in-line with Net Interest Income growth of 8% YoY in line with loan growth, better fees & and a relatively elevated but flat provisions.

“Strong PCR of +70% and 100bps of COVID related provision cushions balance sheet impact and bank has managed the pandemic quite well. We retain BUY with revised price of Rs 1,280 (from 1,195) based on 1.7 times Sep-23 ABV (rolled from Mar-23),” the brokerage has said.

According to Prabhudas Lilladhar, the bank has built in segmental granularity in retail-corporate with slower growth and selling down exposures. Granularizing book has been completed and has started seeing strong growth in certain segments like large corporate & commercial banking. Retail disbursements were down 25-35% in Q1FY22 quarter on intermittent lockdown and are improving in Q2FY22. On deposits side, Current and Savings Account grew by 33% YoY/5% QoQ with ratio at 42% and further aspiring to improve towards 45%.

Shares of IndusInd were last seen trading at Rs 981.

Disclaimer

Disclaimer

Investing in stocks poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article. Investors should take care because the markets are near record highs.



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Monetary Policy Committee may opt for a status quo on repo rate

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The rate-setting Monetary Policy Committee (MPC) may unanimously vote to continue status quo on the policy repo rate as a solid increase in aggregate demand is yet to take shape even as retail inflation print in May and June was above its upper tolerance level.

The six-member MPC has kept repo rate (the interest rate at which banks borrow funds from the Reserve Bank of India to overcome short-term liquidity mismatches) rock-steady at 4 per cent since it last cut this rate by 40 basis points from 4.40 per cent in May 2020.

Overall, since the onset of the Covid-19 pandemic in March 2020 in India, the repo rate has been cut by 115 basis points to mitigate its impact on the economy.

The Committee is also expected to persist with its accommodative stance to support growth till it gains traction on a durable basis while ensuring inflation remains within the target of 4 per cent with the lower and the upper tolerance band of 2 per cent and 6 per cent, respectively.

According to the RBI’s latest monthly bulletin: “While several high frequency indicators of activity are recovering, a solid increase in aggregate demand is yet to take shape. …A pick-up in inflation is driven largely by adverse supply shocks and sector-specific demand-supply mismatches caused by the pandemic. These factors should ease over the year as supply side measures take effect.”

Rahul Bajoria, Chief Economist, Barclays Securities (India), observed that while the virus caseload has declined significantly since April, the overall trajectory of economic variables has not changed sufficiently to warrant any material change in the RBI’s policy stance in the August MPC meeting.

He expects the RBI to keep rates unchanged in August as well as continue to buy bonds for some time under G-SAP (Government Securities Acquisition Programme). The MPC is also expected to maintain an accommodative policy stance.

“Our reading of high frequency activity indicators suggest no reason for the RBI to adjust its overall growth outlook, though its inflation forecasts may need to be revised modestly higher,” Bajoria said.

Unlikely to rock the boat

Radhika Rao, Senior Economist, DBS, opined that the RBI MPC is unlikely to rock the (policy) boat in its August bi-monthly monetary policy review, opting to keep the repo rate at 4 per cent and the policy corridor unchanged.

“Forward guidance will favour a continuation of the accommodative policy stance to guard against growth risks, especially the third Covid wave,” she said.

“The accompanying commentary will heed inflation risks through close monitoring and refrain from tweaking the policy levers for now,” Rao said in a report.

As per the DBS report the preference to gradually draw out excess liquidity might increase the sizes of variable reverse repo rate (VRRR) auctions while reaffirming support for the ongoing G-SAP program.

The impact of a VRRR increase might be marginal given the scale of surplus liquidity (estimated at ₹7.5-8 lakh crore) – bank liquidity plus government cash balances.

“Nonetheless, it affirms the Central Bank’s intent to mop-up liquidity at a calibrated pace before setting the stage for a reverse repo increase and change in policy stance around the end of 2021 or early 2022,” Rao said.

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3 Best Equity Mutual Fund SIPs To Consider In 2021 From ICICI Prudential Mutual Fund

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3 Best Equity Mutual Fund SIPs To Consider In 2021

Fund Name 3-Year Return(Annualized) Valur Research rating Morningstar Rating
ICICI Prudential Value Discovery Fund 53.81% 4 Star 4 Star
ICICI Prudential Bluechip Fund 47.03% 4 Star 4 Star
ICICI Prudential Sensex Index Fund 40.70 4 Star –

ICICI Prudential Value Discovery Fund

ICICI Prudential Value Discovery Fund

Value research and Morningstar have given this fund a 4-star rating. The 1-year returns for ICICI Prudential Value Discovery Direct-Growth are 53.81 percent. It has returned an average of 17.76 percent per year since its inception. This is an equity mutual fund that invests in value stocks.

A SIP started 3-years ago in ICICI Prudential Value Discovery Fund for Rs 10,000 every month is worth Rs 5.55 lakhs today. With a minimal investment of Rs 1000, investors can begin a SIP in the ICICI Prudential Value Discovery Fund.

ICICI Prudential Value Discovery Fund has holdings in Sun Pharmaceutical Inds. Ltd., Bharti Airtel Ltd., Mahindra & Mahindra Ltd., National Thermal Power Corp. Ltd., ITC Ltd. Redeem your units before the one-year time has passed, you will be charged a 1% load fee.

1-Year 3-Year (Annulazied) 5-Year(Annulazied)
53.81% 15.81% 13.16

ICICI Prudential Bluechip Fund

ICICI Prudential Bluechip Fund

ICICI Prudential Bluechip Fund Direct-Growth is an ICICI Prudential Mutual Fund Large Cap mutual fund plan. The ICICI Prudential Bluechip Fund is an open-ended equity fund that primarily invests in large-cap equities. Because it invests in bluechip stocks, which are market leaders in their respective industries, the program gives growth and stability to your portfolio. Value research and Morningstar have given this fund a 4-star rating.

ICICI Prudential Bluechip Fund holdings are in Infosys Ltd., ICICI Bank Ltd., HDFC Bank Ltd., Axis Bank Ltd., Reliance Industries Ltd.

A SIP started 3-years ago in ICICI Prudential Bluechip Fund for Rs 10,000 every month is worth Rs 5.12 lakhs today.

1-Year 3 Year (Annualized) 5 Year (Annualized)
47.03% 13.05% 14.12%

ICICI Prudential Sensex Index Fund

ICICI Prudential Sensex Index Fund

ICICI Prudential Mutual Fund’s ICICI Prudential Sensex Index Fund Direct-Growth is a Large Cap mutual fund program. The assets under management (AUM) of ICICI Prudential Sensex Index Fund Direct-Growth is 280 crores. The fund’s expense ratio is 0.17 percent, which is lower than the expense ratios charged by most other Large Cap funds.

ICICI Prudential Sensex Index Fund Direct has a 1-year growth rate of 40.70 percent. It has had an average yearly return of 14.32 percent since its inception. The majority of the money in the fund is invested in the financial, technology, energy, FMCG, and construction industries.

A SIP of Rs 10,000 per month in the ICICI Prudential Sensex Index Fund started three years ago is now worth Rs 5 lakhs.

1 Year 3-Year (Annualized)
40.70% 12.81%

Disclaimer

Disclaimer

The opinions and investment advice offered by Greynium Information Technologies’ authors and employees should not be taken as investment advice to purchase or sell stocks, gold, currency, or other commodities. Investors should not make any trading or investment decisions solely on the basis of the information presented on GoodReturns.in. We are not a licensed financial counselor, and the information provided here does not constitute investment advice.

Please keep in mind that mutual fund investing is risky, and investors should proceed with caution. Please conduct thorough research. Neither Greynium Information Technologies nor the author are liable for any losses incurred as a result of reading this article.



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GST collections for July record Rs 1.16 lakh crore, BFSI News, ET BFSI

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Gross goods and service tax (GST) revenue collected in July stood at Rs 1,16,393 crore showing a revived uptrend in business activity and economy during June as states eased restrictions.

The collections crossed the Rs 1 lakh-crore mark again after dipping from the level in June due to lockdowns or restrictions imposed by states amid the Covid second wave.

“With the easing out of Covid restrictions, GST collection for July 2021 has again crossed Rs 1 lakh crore, which clearly indicates that the economy is recovering at a fast pace,” the finance ministry said in a statement Sunday.

“The robust GST revenues are likely to continue in the coming months too,” it added.

The revenues for the month of July are 33% higher than the GST revenues in the same month last year.

During the month, revenues from import of goods were 36% higher and the revenues from domestic transaction, including import of services, are 32% higher than the revenues from these sources during the same month last year, the ministry added.

Experts said the sharp increase in the collections for June 21 indicates the resumption of economic activities in June and will raise expectations of better collections in the coming months.

”The improvement in GST collections both on domestic transactions and imports, accompanied by the fact that major producing states have shown significant increases, would indicate that the economic activities have resumed across the country,” said MS Mani, senior director at Deloitte India.

”If the country is able to resist the third wave, the GST collections should increase from here on,” said Rajat Bose, partner at Shardul Amarchand Mangaldas & Co.

Of the GST revenue collected in July, central GST is Rs 22,197 crore, state GST is Rs 28,541 crore, integrated GST is Rs 57,864 crore, including Rs 27,900 crore collected on import of goods, and cess is Rs 7,790 crore, including Rs 815 crore collected on import of goods.

The above figure includes GST collection received from GSTR-3B returns filed between July 1and 31 as well as integrated GST and cess collected from imports for the same period.

The GST collection for the returns filed between July 1-5, of Rs 4,937 crore had also been included in the GST collection in the press note for the month of June 2021 since taxpayers were given various relief measures in the form of waiver or reduction in interest on delayed return filing for 15 days for the return filing month June for the taxpayers with the aggregate turnover upto Rs 5 crore in the wake of Covid pandemic second wave.

The government has settled Rs 28,087 crore to central GST and Rs 24,100 crore to state GST from integrated GST as regular settlement. The total revenue of Centre and the States after regular settlement in the month of July 2021 is Rs 50,284 crore for central GST and Rs 52,641 crore for the state GST.



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FPIs pull out net Rs 6,105 cr from Indian capital mkts so far this fiscal, BFSI News, ET BFSI

Personal Finance

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Foreign portfolio investors (FPIs) pulled out a net Rs 6,105 crore from the Indian capital markets so far in the ongoing financial year amid the pandemic and resultant restrictions in many parts of the country. The equity benchmark BSE Sensex has jumped 3,077.69 points or 6.21 per cent during April-July this fiscal.

Reflecting an upbeat sentiment in the market, the benchmark had reached its all-time high of 53,290.81 on July 16, 2021. It closed at its lifetime high of 53,158.85 on July 15.

According to the depositories data, Rs 6,707 crore were withdrawn on a net basis from equities during the initial four months of this fiscal.

At the same time, a net sum of Rs 602 crore was invested in the debt segment.

This took the total net withdrawal to Rs 6,105 crore during the period under review.

The data showed that FPIs were net sellers in all the months barring June when they had invested Rs 13,269 crore.

The net outflow stood at Rs 9,435 crore in April, Rs 2,666 crore in May and Rs 7,273 in July.

“What is encouraging during the first four months is the fact that the number of new investor registrations in India is up 2.5 times year on year as per data released by the NSE,” said S Ranganathan, head of research at LKP Securities.

Market experts noted that the financial year started with a surge in COVID-19 cases and the consequent restrictions imposed by various states which dented investors’ sentiment.

June witnessed a gradual opening up of the localised lockdown and improved investor sentiments on the back of consistently falling coronavirus cases in the country, hopes of an early opening of the economy along with good quarterly results as per Himanshu Srivastava, associate director – manager research, Morningstar India.

“FPIs started to turn cautious towards Indian equity markets from mid of June and continued with the same stance through July. US Fed‘s hawkish statement that it might raise interest rates much earlier than assumed was the precursor for the change in their stance,” Srivastava added.

He further said that there are outflows but they are not exorbitantly high and this signifies that foreign investors are adopting a cautious stance towards Indian equities rather than turning negative on it.

Going forward, on the back of US Fed monetary policy which is keeping its benchmark policy rate unchanged, while indicating that they have begun talking about scaling back bond buying, and rising crude oil prices, FPI flows in the domestic market is expected to remain volatile, said Shrikant Chouhan, executive vice president, equity technical research at Kotak Securities.



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Fino Payments Bank files for Rs 1300 crore IPO, BFSI News, ET BFSI

Banking & Finance

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Four years after starting operations Fino Payments Bank will soon launch a Rs 1300 crore initial public offering which includes a Rs 300 crore OFS component. The Blackstone, ICICI Group and BPCL backed Fino Payments Bank said it has filed the draft documents with SEBI for an IPO.

Investment bankers Axis Capital, CLSA India, ICICI Securities and Nomura Financial Advisory Services are the book running lead managers to the IPO.

The fintech bank turned profitable in the fourth quarter of FY20 and has consistently enhanced its profitability since. “This makes FPBL the first profitable fintech to file for an IPO,” the payments bank said in a statement.

Fino serves the emerging India market with its digital based financial services. Over the last few years, the payments bank has witnessed a steep surge in transaction volumes on the back of digitization and proliferation of its banking points.

As stated in the DRHP, at the end of fiscal year March 2021 the payment bank’s platform has facilitated more than 434 million transactions having a gross transaction value of Rs 1.32 lakh crores. It has the largest network of micro ATMs as of March 2021 with a market share of 55%, a robust merchant network of 6.4 lakhs and 25.7 lakh bank accounts.

Its revenue for FY21 stood at Rs 791 crores that grew at a CAGR of 29% in last three years. The bank registered a profit of Rs 20.5 crores in FY21 with an annual average ROE of 15%, the DRHP states.



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Banks disburse over Rs 2 lakh cr under ECLGS till mid-July, BFSI News, ET BFSI

Banking & Finance

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Nearly 17 months after the launch of the Emergency Credit Line Guarantee Scheme (ECLGS), banks have sanctioned Rs 2.76 lakh crore, with disbursals adding up to Rs 2.14 lakh crore till mid-July.

Similarly, the PM SVANidhi scheme, providing loans of up to Rs 10,000 to street vendors, has seen flows of a little over Rs 2,500 crore to 25 lakh vendors, although the internal target was more ambitious, with banks nudged to give loans.

Although the government has announced an increase in the ECLGS limit from Rs 3 lakh crore to Rs 4.5 lakh crore, officials do not expect a major surge, amid demands that eligibility norms be eased to enable more small businesses to use the window. When the scheme was announced last year, it was meant for micro, small and medium enterprises (MSMEs), but the scope was enlarged later as the demand was not sufficient.

Up to July 2, a little less than 1.1 crore MSME borrowers have been provided guarantee-based support amounting to Rs 1.65 lakh crore, which translates into an average ticket size of Rs 1.5 lakh. Under the originally announced scheme, MSMEs that had loans of up to Rs 50 crore at the end of February 2020 were eligible even with past dues of up to 60 days.

MSME industry groups say that the conditions are such that it is difficult for businesses to get a loan. “The requirements were such that only a certain set of entities with existing loans were eligible. Now banks are reluctant to lend. The government should have dropped the condition of prior credit because we are seeing cash flows being disrupted for a lot of MSME units,” said Animesh Saxena, president of Federation of Indian Micro and Small & Medium Enterprises (FISME).

Recently, the parliamentary standing committee on industry noted that there is a huge gap between sanctions and disbursals as banks feared defaults in the wake of the second wave, and also said that only half the amount has gone to small businesses.



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Police, BFSI News, ET BFSI

Banking & Finance

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Palghar (Maharashtra), Former Manager of Axis Bank, Anil Dubey – who looted the ICICI Bank and killed a woman Deputy Manager on Thursday – has now been charged with allegedly cheating his immediate previous employer of Rs 26.84 lakh (Rs 2.68 mn), police said here on Saturday.

The huge amount was found missing during a recent audit of the cash reserves at the Axis Bank’s Naigaon Branch where Dubey was the manager before he was abruptly sacked on Friday, hours after the sensational ICICI Bank Virar East Branch heist and murderous attacks on two women staffers inside the bank premises.

The Waliv Police Station has registered a complaint of the missing amount under various sections of the Indian Penal Code and investigations are currently on, said an official.

“The discrepancy was found during the routine monthly tally of accounts and reported to the top authorities. Thereafter, an internal investigation has been launched and we have also lodged an FIR with the police,” an official of Axis Bank told IANS, requesting anonymity.

Simultaneously, the bank is attempting to confirm whether Dubey – who had joined Axis Bank in August 2020 – had cheated its customers or indulged in any other scams or misappropriation of public money.

Apprehending action from the Axis Bank or the police after his misdeeds were discovered in the past few days, he had skipped office during the week, but by the weekend masterminded the ICICI Bank heist to clear off his outstanding dues at one go.

Officials reveal that since he had served ICICI Bank for 15 months, he was on good terms with the staffers there, well acquainted with the bank’s routine activities.

These and other details may have helped him commit the daring – but unsuccessful – loot attempt on Thursday (July 29) night as the bank would be closed for the weekend after the July month-end accounts tally.

As his escape attempt was foiled by the local people, the Virar Police recovered the booty comprising cash and gold totally valued at around Rs 3.38 crore, said Senior Police Inspector Suresh Warade.

Dubey was produced before a Vasai Magistrate Court which remanded him to police custody till August 6, under charges of dacoity, attempt to murder, murder, theft, etc.

Meanwhile, the condition of the injured cashier Shraddha Devrukhkar – who was attacked by Dubey with a cut-throat razor, remains worrisome and she has been shifted to Lilavati Hospital in Mumbai.

“She is still in deep shock due to the bloody assault on her and also her senior colleague and close friend, Yogita Vartak Choudhary, who succumbed on Thursday,” said another staffer.

Owing to the serious injuries on her neck, shoulder and other parts, Devrukhkar, 32, is communicating through signs with her family, police and bank colleagues.

Dubey, 38, with over 15 years of experience in the banking sector, had piled up huge debts through a lavish lifestyle, expensive tastes, certain investments in lucrative residential/commercial properties, etc, though the sources of his finance are still not clear.



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Buy This Stock, There Are 2 Big Triggers – Divestment and Dividends

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BPCL, dividend of Rs 58 per share

The stock of BPCL is available at a dividend of Rs 58 per share, which was a record dividend declared by the board of directors. Let’s assume that you buy the share of BPCL at the current market price of Rs 445, and hold the shares maybe until Sept, to receive the dividends. Your cost of acquisition becomes only Rs 387.

Now, the dividend yield thus jumps, but the company is unlikely to declare the same dividend next year. So, if you are buying the stock for a regular dividends every year, just forget it, the same is not going to happen.

What we are trying to tell you here is that it reduces your cost of buying the shares to Rs 387, which is a good bet to buy the stock of BPCL. We are not sure when the dividend will be credited, but, the possibility could be later in the month of Sept.

Divestment - the next big trigger for the stock

Divestment – the next big trigger for the stock

The divestment talk in BPCL, whereby the government plans to sell its entire stake in the company has been on for sometime now. However, it is possible that it could happen before March of next year.

According to reports the government was trying to conclude the planned big-ticket disinvestments, including privatisation of fuel retailer-cum-refiner BPCL and despite Covid-induced constraints, department of investment and public asset management (Dipam) secretary Tuhin Kanta Pandey, said recently.

Now, given the strain the government is facing with the fiscal deficit, it is highly possible that we would see the conclusion of divestment, which could be another reason to buy the stock of BPCL.

Brokerages initiate buy on the stock of BPCL

Brokerages initiate buy on the stock of BPCL

Two top brokerages, ICICI Direct and Motilal Oswal had initiated a buy coverage on the stock in their reports on BPCL.

“BPCL posted better-than-estimated profitability, driven by better marketing volumes and refining/marketing margin, further aided by inventory gains. The company made huge progress towards privatization in FY21, despite challenges posed by COVID-19, by streamlining its subsidiaries (divested its entire stake in Numaigarh Refinery, consolidated its stake in Bharat Oman Refineries, merged BGRL with BPCL) and sold off its trust shares,” brokerage firm Motilal Oswal said in a report.

At the moment, the shares have BPCL have gone nowhere, thanks to rising crude prices. There has been no momentum in the stock at all over the last few weeks. However, BPCL share price has now slumped to Rs 445, which make it a great stock to pick for the divestment and dividends trigger.

Disclaimer

Disclaimer

Investing in stocks poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article. Investors should take care because the markets are near record highs.



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