Category: Personal Finance

This Private Sector Bank Revises Interest Rates On Fixed Deposits

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Tamilnad Mercantile Bank FD Rates

With effect from 18th November 2021, the bank is now promising the following interest rates to the general public on their domestic deposits of less than Rs 2. Cr maturing in 7 days to less than 10 years.

Period Interest rates in % p.a.
7 – 14 days 2.75%
15 – 29 days 3.50%
30 – 45 days 3.50%
46 – 60 days 3.75%
61 – 90 days 3.75%
91 days – 179 days 4.50%
180 days – 270 days 4.75%
271 days to less than 1 year 5.00%
1 year 5.25%
Above 1 year to less than 20 months & 20 days 5.25%
20 months & 20 days 5.25%
Above 20 months 20 days to less than 2 years 5.25%
2 years less than 3 years 5.35%
3 years to 10 years 5.00%
Source: Bank Website

Tamilnad Mercantile Bank FD Rates For Senior Citizens

Tamilnad Mercantile Bank FD Rates For Senior Citizens

Senior citizens will continue to get an additional rate of 0.50% on their term deposits maturing in 1 year to 10 years. Here are the latest fixed deposit interest rates of Tamilnad Mercantile Bank provided to senior citizens.

Period Interest rates in % p.a.
7 – 14 days 2.75%
15 – 29 days 3.50%
30 – 45 days 3.50%
46 – 60 days 3.75%
61 – 90 days 3.75%
91 days – 179 days 4.50%
180 days – 270 days 4.75%
271 days to less than 1 year 5.00%
1 year 5.75%
Above 1 year to less than 20 months & 20 days 5.75%
20 months & 20 days 5.75%
Above 20 months 20 days to less than 2 years 5.75%
2 years less than 3 years 5.85%
3 years to 10 years 5.50%
Source: Bank Website

Tamilnad Mercantile Bank NRO Term Deposit Interest Rates

Tamilnad Mercantile Bank NRO Term Deposit Interest Rates

Tamilnad Mercantile Bank has also modified its interest rates on NRO deposits. Senior citizens should note that additional rates on NRO deposits are not applicable.

Period Interest rates in % p.a.
7 – 14 days 2.75%
15 – 29 days 3.50%
30 – 45 days 3.50%
46 – 60 days 3.75%
61 – 90 days 3.75%
91 days – 179 days 4.50%
180 days – 270 days 4.75%
271 days to less than 1 year 5.00%
1 year 5.25%
Above 1 year to less than 20 months & 20 days 5.25%
20 months & 20 days 5.25%
Above 20 months 20 days to less than 2 years 5.25%
2 years less than 3 years 5.35%
3 years to 10 years 5.00%
Source: Bank Website



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“BUY” This Large Cap FMCG Stock With A Target Price of Rs. 272: HDFC Securities

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Q2FY22 results of ITC Ltd.

HDFC Securities has stated in its research report that “ITC delivered in-line revenue growth, with a few positives in key segments. Revenue was up 12% YoY with cigarettes/FMCG/hotels/agri/paper growing 11/3/254/-7/25% YoY. Cigarette revenue growth was 10%, with a volume growth of 9.5%. Given the positive growth rate for cigarette volumes and potential for price hikes, we expect a sustainable cigarette recovery in H2FY22. Cigarette EBIT growth was at 10%. FMCG business registered steady 6% growth and clocked 11% two-year CAGR. FMCG EBITDA margin was at 10% (+30bps YoY, >300bps in Q2FY20) despite commodity headwinds.”

The brokerage has also added that “The discretionary/OOH categories recorded strong YoY and sequential growth due to increased mobility. Staples and convenience foods growth remained moderate on a high base and saw a sequential pick-up this quarter as well. The company performed well across all channels, including MT, eCommerce (7% revenue share) and rural. It increased its market coverage/direct outlet servicing by 1.4/1.1x YoY. Hotel occupancy improved 3x over Q2FY21 and ARRs improved as well. Hotels saw strong cost control but reported an EBIT loss of INR 480mn (vs IRs 1.8bn in Q2FY21) due to negative operating leverage. The agri business exports saw strong growth in wheat, rice, leaf tobacco, aqua and spices. The paper business clocked 25% YoY growth, led by value-added products and demand revival. The paper margin improved, led by higher realisations, investments in pulp import substitution and cost-competitive fibre chain.”

Buy ITC Ltd With A Target Price of Rs. 272

Buy ITC Ltd With A Target Price of Rs. 272

The brokerage has claimed in its research report that “ITC stock has underperformed the sector and benchmarks over past few years due to concerns, including environment social and governance (ESG) norms (leading to outflow of FPI money), regulatory/competitive challenges in the core cigarette business, and concerns over capital allocation. Doing a deep-dive into financials, we found that ~60% of ITC’s cash flows have been paid as dividends, while only 15% has been utilized to scale up capacities across segments, with the majority deployed in the promising FMCG business, followed by hotels and paper & packaging business. The remaining portion is held as non-core investments. Paper/agri businesses are generating healthy ROCE and are capable of self-funding CAPEX needs but hotel segment is playing a spoilsport.”

“However, the company has developed a sizeable footprint in hotels and the management has noted that it will henceforth go asset-light for hotels, where the focus would now be on managed properties. In the FMCG business, with significant front-end investment already done to build capacities, we expect a material decline in annual organic CAPEX here. Financial re-engineering (apart from a recent increase in dividend payout ratio to 80-85%) can unlock value: de-merger of capital guzzling and low-return-generating hotels business – since incremental expansion is expected to happen through management contract route and hence may not require cash infusion from parents, and listing of ITC InfoTech – revenue of Rs 2445 Cr in FY21 – since it is completely unrelated to core cigarettes business. Cross synergies and ITC’s big ambitions for FMCG may restrict any demergers here but the scaling up of the FMCG business could provide another strong FCF generating business” HDFC Securities has clarified.

According to the brokerage’s call “Strong recovery in cigarettes business, focus on profitable growth in FMCG business – With the resumption of normalcy and higher mobility, we expect demand trends to improve to achieve cigarette recovery. A gradual FMCG business turnaround with improving profitability remains another important catalyst for stock outperformance over the medium term. At 14.3x Sept’23 EPS, ITC trades at a steep discount to the FMCG sector. At these valuations, there is limited downside risk, and the risk-reward ratio in the current market scenario is favorable for ITC. We feel investors can buy the stock in Rs 229-234 band (14.3x Sept’FY23E EPS) and add more on dips in Rs 204-209 band with a base case target of Rs.257 (18x Sept’FY23E EPS) and a bull case target of Rs.272 (19x Sept’23E EPS).”

Disclaimer

Disclaimer

The stock has been picked from the brokerage report of HDFC Securities Limited. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.



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Sharekhan Recommends To ‘Buy’ This Stock For +33% Returns, In 1 Year

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Target Price

The Current Market Price (CMP) of Apollo Tyres Ltd. is Rs. 217 The brokerage firm, Sharekhan has estimated a Target Price for the stock at Rs. 290. Hence the stock is expected to give a 33.64% return, in a Target Period of 1 year.

Stock Outlook
Current Market Price (CMP) Rs. 217
Target Price Rs. 290
1 year returns 33.64%

Company performance

Company performance

Apollo Tyres Ltd. is expected to benefit from its strategy by deleveraging its balance sheet, capital utilization of more than 90% and focus on firm capital allocation and cash management in the medium term. The company’s Consolidated net revenues were up 18.6% y-o-y to Rs. 5,077 crore, driven by 25% growth in India business and 6% (in Euro terms) growth in Europe business. EBITDA margin for Q2FY22 stood at 12.6%, an improvement of 20 bps q-o-q, led by robust operational performance of Europe business.

Comments by Sharekhan

Comments by Sharekhan

According to Sharekhan, “Q2FY22 results beat our expectations, led by better-than-expected improvement in operational performance. We maintain our Buy rating on Apollo Tyres Limited with an unchanged PT of Rs. 290, led by the company’s dominant positions in key markets, expected market share gains across segments, and attractive valuations. The stock trades attractively at P/E multiple of 9.1x and EV/EBITDA multiple of 4.5x its FY2023E estimates.”

About the company

About the company

Apollo Tyres Ltd. is the second largest tyre manufacturer in India. Indian business contributes about 70% to revenue, while European business contributes about 30%. With its recent entry into the two-wheeler space, ATL has become a full-fledged tyre player present across automotive categories viz. passenger vehicles, commercial vehicles, and two wheelers.

Disclaimer

Disclaimer

The above stock was picked from the brokerage report of Sharekhan. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.



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What happens to cryptocurrency you buy if India decides to ban it, BFSI News, ET BFSI

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Well, it is not the first time that the Indian government has pondered over banning cryptocurrencies. Initially, in 2013, when bitcoin was launched, the first few years went in hush-hush. The technology was new. This was something that was a store of value with no central authority.

Not only the government but also, enthusiastic investors were speculating how bitcoin will turn out to be. When after the end of 2016, this revolutionary financial asset made noise, the Indian government came to action.

Any government of the world is about authority, power and regulation. And bitcoin, or rather say, cryptocurrency, took that power from the government. There was no bank, no RBI or no scrutiny around your money. You held an asset and you did your investment, you used the money gained and you made sure your investment strategy works for you. There was no advisory, no policymakers, no brainwashing whatsoever. The bitcoin investment grew so much in 2017, that the Indian government had to come into action.

When wheels came, bicycles were invented. We all thought this is going to stay. Then came the motors and we thought the motor vehicles were going to stay. Then came the Wright brothers, who told us that we also could fly. But when the finite supply of automobile fuel would be exhausted, none of these would matter.

On the same lines, we thought writing letters is the best way to reach farther places. Then boom. The 2000s came and the internet was all over. The communication could be done in milliseconds.

So now let us talk about what we cannot do when there is a ban. When we say the ban, we mean that the transactions between the bank and your crypto exchanges will be stopped. This means that you will not be able to convert your local currency into buying any kind of cryptocurrency. This also means that you will not be able to liquidate your HODLed cryptos and get them encashed. This means, your HODLed cryptocurrency will be on *HODL* for some time more until the ban is uplifted.

But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal. Well, in that case, you can always send your acquired crypto, and get the equivalent INR in your bank. However, this procedure of exit would come at a cost. The foreign exchange cost and penalties would cost you more than the actual exchange fees, had there been no ban in your own country.

But, you still need to identify the catch here. By the above method, we see that the transactions that involve crypto are still possible. No government can ever tame the internet. The government tried to ban PUBG. The gaming community in India identified VPNs that would still make PUBG accessible to them. The government tried banning porn, but anything that is accessible to everyone, or is made available on the cloud, can never be fully tamed. The same goes with the decentralised and open source-based cryptocurrencies as well.

Unocoin is one such platform that lets its user buy, sell and trade 40+ cryptocurrencies. The transactional fees are very nominal as compared to the features that it provides. Unocoin has always respected and abided by the laws set by the government of India and RBI. But it also makes sure it creates a space where the crypto exchanges are smooth. Hence, Unocoin collaborated with Airtm for a cross-platform transaction. With this Unocoin – Airtm collab, any Unocoin user can buy any crypto from either platform in exchange for his/her local fiat currency and via the pairing coin US dollar Tether ( USDT), can convert his/her acquired cryptos into another crypto/fiat currency from the other platform.

It is like entering a bridge, walking on the bridge and reaching the other side of the river. With the USDT acting as a pairing coin or the bridge, the walk from one end to the other and back to the first end is possible.

While there are speculations on the cryptocurrency, the virtual currency enthusiasts know for sure, that these are only the ups and downs that come in their investment plan. India would eventually be a country where there will be no inhibitions over cryptocurrencies, sooner or later.

The writer is Co-founder & CEO of Unocoin Technologies Private Limited



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Crypto industry urges govt to take nuanced approach, asks investors to remain calm, BFSI News, ET BFSI

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The cryptocurrency industry on Wednesday urged the government to take a nuanced approach towards regulating crypto assets in India and asked investors in the country to remain calm and not arrive at a rushed conclusion, a day after the government listed for introduction a Bill to ban all such cryptocurrencies, with some exceptions.

‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021′, to be introduced in the winter session of Parliament beginning November 29, seeks to “create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India. The Bill also seeks to prohibit all private cryptocurrencies in India, however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses”.

BuyUcoin CEO Shivam Thakral said it expects the Bill to accommodate the aspirations of Indian crypto owners, Indian crypto entrepreneurs, and investors who have put their faith in India’s crypto growth story.

“The crypto Bill should be flexible enough for young blockchain projects to flourish and we strongly believe that there is a strong case for a standard process for new cryptocurrencies before they get listed on any exchange in India for trading.

“I think popular crypto-assets like Bitcoin and Ethereum will be pre-approved by the regulators for getting listed on the exchange. We also request the government to give immediate clarity on the taxation and filing of crypto assets,” Thakral said.

CoinSwitch Kuber founder and CEO Ashish Singhal said the industry has been actively communicating with all stakeholders keeping investor protection at the forefront.

“Our discussions in the last few weeks indicate there is a broad agreement on ensuring that customers are protected, financial system stability is reinforced and India is able to take advantage of the crypto technology revolution…

“As of now, I urge all crypto asset investors in the country to remain calm, do their own research before arriving at a rushed conclusion,” said Singhal, who is also the co-chair of the Blockchain and Crypto Assets Council (BACC).

Cryptocurrency exchange CoinDCX’s spokesperson said a well-assessed and thought-through regulation will pave the way for greater adoption of the technology and will help millions of Indians embrace this new-age asset class.

OKEx.com CEO Jay Hao said India is home to the highest number of crypto owners in the world and the onus lies on the government to protect the interest of a large number of crypto investors in the country.

“We urge the government to take a nuanced approach towards regulating crypto assets in India. With the positive outcome of the cryptocurrency Bill, India will embark on an exciting journey of becoming the global leader in crypto, Defi, and NFTs,” Hao said.

Currently, there is no regulation or any ban on the use of cryptocurrencies in the country. Against this backdrop, Prime Minister Narendra Modi earlier this month held a meeting on the cryptocurrencies with senior officials, and indications are that strong regulatory steps could be taken to deal with the issue.

There has been a rising number of advertisements, featuring even film stars, promising easy and high returns on investments in cryptocurrencies in recent times, amid concerns over such currencies being allegedly used for luring investors with misleading claims.

Last week, the Standing Committee on Finance, chaired by BJP member Jayant Sinha, met the representatives of crypto exchanges and BACC, among others, and arrived at a conclusion that cryptocurrencies should not be banned, but it should be regulated.

The RBI has repeatedly reiterated its strong views against cryptocurrencies saying they pose serious threats to the macroeconomic and financial stability of the country and also doubted the number of investors trading on them as well as their claimed market value.

RBI Governor Shaktikanta Das has also reiterated his views against allowing cryptocurrencies saying they are a serious threat to any financial system since they are unregulated by central banks.

The RBI had announced its intent to come out with an official digital currency, in the face of proliferation of cryptocurrencies like Bitcoin about which the central bank has had many concerns.

Private digital currencies/ virtual currencies/ crypto currencies have gained popularity in the past one decade or so. Here, regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks.

On March 4, 2021, the Supreme Court had set aside an RBI circular of April 6, 2018, prohibiting banks and entities regulated by it from providing services in relation to virtual currencies.



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Security receipts for past NPAs appear as lenders seek to avoid provisioning

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“Time is not the essence for transfer of SRs. In the event of non-realisation of amount out of SRs, the bank is not liable to refund anything in part or full,” SBI said in the notice.

Security receipts (SRs) issued against bad-loan sales from seven-eight years ago are set to enter the stressed assets market as lenders seek to avoid provisioning against them. Both banks and non-banking financial companies (NBFCs) are likely to start hunting for buyers for SRs, with State Bank of India taking the lead, industry executives told FE.

The country’s largest lender by assets has issued a notice seeking bids for SRs with a face value of Rs 38 crore issued against its exposure to CM Smith and Sons by Invent Assets Securitisation & Reconstruction. The securities were assigned in January 2015.

“Time is not the essence for transfer of SRs. In the event of non-realisation of amount out of SRs, the bank is not liable to refund anything in part or full,” SBI said in the notice.

Executives from the stressed assets industry said SRs issued during non-performing asset (NPA) sales are now expected to be put up for sale, as for many of them, recoveries have not happened and erosion in the net asset value (NAV) may demand additional provisioning.

“Until a few years ago, there used to be structured deals in ARC sales – first under 5:95 and then under the 15:85 structure. SRs from these years are going to enter the market now as NAVs for many of them have depleted and that means the purpose of selling them to ARCs hasn’t fructified. So, to avoid providing against them, banks and NBFCs will both come to the market,” said a senior executive from the industry.

Most NPAs sold to ARCs since 2018 have been assigned through full-cash deals, which means that there were no SRs issued during the sale. In SRs, underlying cash flows are dependent on realisation from NPAs. Reserve Bank of India guidelines say investments in SRs may be aggregated to arrive at net depreciation or appreciation of investments under the category. Net depreciation, if any, must be provided for.

Prospective buyers for SRs are also mostly ARCs. According to industry executives, the quality of underlying assets for each set of SRs and their vintage are the two important factors that will determine the terms of sale. The most coveted SRs will have residential properties as the underlying, followed by commercial properties, office properties and industrial properties.

Lenders may have to take substantial haircuts as these assets are old. “Most of these sales are likely to be priced at 25-30 cents to the dollar because of the vintage of the asset,” the person quoted above said.

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CLSA, ICICI Securities Say ‘Buy’ This Maharatna Stock For Potential Upside Of Up To 47%

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Coal India board to meet on November 29 to consider and approve interim dividend for the fy 22

On the previous day, the company via an exchange filing informed that the meeting of the Board of Directors of the Company is scheduled on 29/11/2021 ,inter alia, to consider and approve payment of Interim Dividend for 2021-22, if any. The Company has fixed Tuesday, 7th December’21 as the ‘Record Date’ for the purpose of payment of Interim Dividend on Equity Shares for Financial Year 2021-22, if declared by the Board.

Q2fy22 performance of Coal India

Q2fy22 performance of Coal India

Missing estimates, the largest coal producing company of India-Coal India for the second quarter of the Fy 22 has logged a consolidate PAT of Rs. 2933 crore, a 1 percent decline in comparison to Rs. 2952 crore logged in the same quarter a year ago. Revenue from operation on a consolidated basis however declined sequentially while gained YoY to Rs. 23,291 crore.

Brokerages Rating/ view on the scrip of Coal India

Brokerages Rating/ view on the scrip of Coal India

CLSA -the global research firm has maintained ‘Buy’ call on the stock with a target price of Rs. 210 per share, which is an upside of 32 percent from the last traded price of Rs. 159.1.

“The Q2 earnings before interest, tax, depreciation and amortisation (EBITDA) were below estimates on higher costs and lower realisations but EBITDA ex-OBR (0ver burden removal) fell 5 percent QoQ to Rs 272 a tonne. Receivables fell to Rs 14,900 crore”, says the global brokerage firm.

Likewise, leading domestic brokerage firm ICICI Securities retains it “buy” rating on the scrip with a target price of Rs 234. The brokerage views offtake volume estimates for FY22E / FY23E at 625mnte/655mnte, respectively. “We expect dividend payout to be high, leading to a 12 percent yield at current prices, as incremental capex in diversified segments is expected to be funded primarily by debt,” it said.

Citi on the scrip of Coal India has a ‘neutral’ rating, simultaneously it has lowered the target price to Rs. 160 from Rs. 185 per share. The Q2 e-auction premiums were muted, lacking visibility on catalysts, however, further upsides could be limited as domestic coal supply improves.With ESG concerns, a significant re-rating may not be easy, the research firm said.

Brokerage Rating on the Coal India scrip Target price Potential upside
CLSA Buy Rs. 210 32%
ICICI Securities Buy Rs. 234 47%
Citi Neutral Rs. 160 (Reduced from earlier Rs. 185 price target

Disclaimer:

Disclaimer:

Buy call for the above mentioned scrip is being given by few of the brokerages.Readers should not construe it to be an investment advice in the listed scrip. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.



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‘Buy’ This Stock For +18% Upside In 1 Year

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Target Price

The Current Market Price (CMP) of Escorts is Rs. 217 The brokerage firm, Emkay Global has estimated a Target Price for the stock at Rs. 290. Hence the stock is expected to give an 18.7% return, in a Target Period of 1 year.

Stock Outlook
Current Market Price (CMP) Rs. 1803
Target Price Rs. 2140
1 year returns 18.70%

Company performance

Company performance

In FY 21, the company’s revenue stood at Rs. 69,293 mn, EBITDA was Rs. 11,292 mn, while APAT stood at 8,741. In FY 22, the brokerage firm is expecting the revenue to grow to Rs. 75,056 mn. Additionally, Escorts’ board announced Kubota (a 9% shareholder) will acquire 46.9mn additional shares through preferential allotment plus open offer, and join the Nandas as a co-promoter. Emkay Global is expecting, “Kubota’s takeover will substantially improve Escorts’ medium-term growth outlook, based on: 1) localization of existing tractor imports currently done by Kubota’s India JV; 2) leveraging Escorts for global component supplies to support Kubota’s global sales; 3) technology support in construction equipment, farm implements, and high-end tractors.”

Comments by Emkay Global

Comments by Emkay Global

According to Emkay Global, “We are increasing Escorts’ medium-term (FY23-31E) revenue CAGR to 15% from 11%, with enhanced market presence in the domestic tractor market upon expansion of the product portfolio, especially in wet-land applications, which represent more than 10% of industry volumes, and for higher exports by leveraging Kubota’s global distribution network.”

About the company

About the company

Escorts is India’s one of the biggest tractor manufacturers and suppliers. Their productions are outspread in the fields of Agri Machinery, Construction Equipment, and Railway Equipment. With Kubota’s stake hike in the company, it will have a better exposure both on the domestic and the international fronts.

Disclaimer

Disclaimer

The above stock was picked from the brokerage report of Emkay Global. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.



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5 Recently Listed Multibagger Company Stocks That Delivered Up To 309% Return Since Listing

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1. Latent View Analytics:

The data analytics company with no listed peer has seen a marvelous listing gain and indeed turned into a multibagger on the listing day (November 23, 2021). The scrip as against the issue price of Rs. 197 per share opened at a premium of 160 percent at Rs. 512.2 on the NSE. The IT services and consulting firm continues to see gains for the second day in a row and settled today at Rs. 584.95 climbing over 19 percent in trade today. Last the scrip commanded a market cap of Rs. 11,571 crore.

An important point that cannot be overlooked is that the IPO of Latent View broke all previous records and garnered a massive subscription to the tune of 339 times.

The leading player in Data and Analytics segment is a trusted partner to Fortune 500 clienteles. Adhering to quality corporate governance policies the company excels in Digital Solution Accelerators, Big Data Capabilities, Social Media Predictive Analytics and Analytics Tools.

The scrip of Latent View Analytics has been given a ‘Hold’ call by experts given the huge scope in the field going ahead, strong margins with more than 20 percent RoE etc.

2. Sigachi Industries:

2. Sigachi Industries:

The pharma and drugs entity that debuted on November 15, 2021 saw a historic listing which was the biggest ever gains on the D-Street. The stock as against the issue price of Rs. 163, opened the first trade at Rs. 575 apiece on the BSE, a spectacular premium of 253%.

Hyderabad-based Sigachi Industries is an industry leader in the field of Pharma Excipients, Nutra and food ingredients. Incorporated in the year 1989, the firm is among the largest manufacturers of Microcrystalline Cellulose (MCC) worldwide. This MCC has applications across varied industries including pharma, cosmetic, food and nutraceuticals.

3. Paras Defence and Technologies:

3. Paras Defence and Technologies:

The defence sector company also had a blockbuster listing on October 1, 2021. As against the issue price of Rs. 175, the stock debuted on the NSE at a price of Rs. 469, a premium of 168 percent.

If you had been allotted 1 lot (85 shares) on your IPO application and continued with it till now, your investment into the scrip is worth currently 60,907. This though entailed an initial investment of just Rs. 175* 85 share =14,875.

Mumbai-based Premier Make in India Company has exclusive capabilities from Concept to Commissioning in the area of Defence Electronics, Defence & Space Optics and ..Defence Heavy Engineering. We are the only company in India to manufacture Infrared Optics in large quantities. Furthermore, Paras is the only Indian company supplying critical imaging components including large sized optics for space applications.

4. Tatva Chintan Pharma Chem:

4. Tatva Chintan Pharma Chem:

The speciality chemicals company made its way to the D-Street on July 29, 2021.In comparison to the issue price of Rs. 1083, the stock with a premium of 95% listed at a price of Rs. 2111.8 on the BSE.

Just 4 months after the listing, the stock as on November 24 closed at a price of Rs. 2626.2, implying return to the tune of 142 percent. The stock’s 52-week high price is Rs. 2977.8.

Tatva Chintan is engaged in the manufacture of a diverse portfolio of structure directing agents (“SDAs”), phase transfer catalysts (“PTCs”), electrolyte salts for super capacitor batteries and pharmaceutical and agrochemical intermediates and other specialty chemicals (“PASC”). Moreover, it is the largest and only commercial manufacturer of SDAs for zeolites in India.

5. GR Infraprojects:

5. GR Infraprojects:

The company from the construction -infrastructure space debuted on the Indian stock exchanges on July 19, 2021. In comparison to the issue price of Rs. 837, the scrip kicked off opening trade at a price of Rs. 1715.85 on NSE, a gain of 105% premium from the issue price. Currently, the scrip trades at a price of Rs. 1850.9, which is a substantial gain of 121 percent from the issue price in just 4 months since listing.

Udaipur-based GR Infraprojects is an integrated road engineering, procurement, and construction (EPC) company. The company has experience into designing and construction of several road and highway projects and of late it has even diversified into the railways sector.

Apart from the above listed scrips there are other newly listed entities that have given multibagger returns in some months time including the likes of Laxmi Organic, Stove Kraft, Clean Science, Barbeque Nation, Macrotech Developers and Nazara Technologies.

New company listings that turned into multibagger stocks

New company listings that turned into multibagger stocks

Newly listed Companies IPO issue price (in Rs. ) Current price as on November 24, 2021 (in Rs. ) Returns in %
Latent View 197 584.95 197
Sigachi Industries 163 537.45 230
Paras Defence 175 716.55 309
Tatva Chinta 1083 2626.2 142
GR Infra 837 1850.9 121



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Understanding the Benefits of a Home Loan EMI Calculator

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Investment

oi-Sneha Kulkarni

By Staff

|

The best way you can prepare yourself to undertake a financial commitment the size of a home loan is by knowing exactly how much you will have to pay back, through the course of your loan tenor. To enable you to do so, there are many online Home Loan EMI Calculators that help you draw up a realistic repayment plan, allowing you the foresight to financially prepare for your future.

The online calculator tools are designed to ensure maximum user-friendliness, and even let you toggle with your desired interest rate, loan amount, and loan tenor – showing you many possible repayment schedules, based on what you choose.

Understanding the Benefits of a Home Loan EMI Calculator

EMIs for Different Home Loan Amounts

There are many attractive home loan options available in the market today, including that which is offered by Bajaj Housing Finance Limited, where interest rates begin from 6.70%* p.a. for salaried professionals, with a loan tenor stretching up to 30 years. Besides gaining access to a sizeable loan amount of Rs.5 Crore* and even more, EMIs start as low as Rs.645/Lakh* for those applicants who meet the eligibility criteria. If you’re interested in applying for this loan, and want to look at the tentative EMI forecast, all you have to do is use their Home Loan EMI Calculator.

To give you a better idea, the following table showcases various EMI amounts, based on the change in the principal amount and loan tenor. The rate of interest considered here is 6.8% p.a.

Particulars Home Loan Repayment Tenor
5 Years 10 Years 15 Years 20 Years
EMI per lakh on housing loan Rs.1,971 Rs.1,151 Rs.888 Rs.763
Total payable interest Rs.18,241 Rs.38,087 Rs.59,737 Rs.83,298
Total payable amount Rs.1,18,241 Rs.1,38,087 Rs.1,509,737 Rs.1, 83,298

Benefits of Using the Online Home Loan EMI Calculator

We strongly recommend using the Online Home Loan EMI Calculator before you start making formal home loan applications. Here are the benefits of using this handy tool.

1. Realistic EMI Forecast

The most prominent feature of the Online Home Loan EMI Calculator is that it gives you an accurate representation of the EMIs you will have to pay, based on the loan amount, interest rate, and loan tenor you choose to input.

It also offers a breakup of your loan amount – showing you how much you will have to pay as the principal loan sum, and how much you will have to repay as the interest on your loan.

2. Error-free Computations

When we do our own calculations manually, there is always room for human error. Why leave it to chance, when you can avail of the free services of the online Home Loan EMI calculator, to give you accurate and error-free data based on the information provided by you. This approach also gives you a heads-up as to how you need to plan your finances if you plan on seeking a home loan in the future.

How to Calculate Home Loan EMI

Using an online home loan calculator:

The online Home Loan EMI Calculator also uses the same formula to display your EMI schedule, saving you the effort of manual computation. While this gives an overview of the home loan repayment plan, it is essential to remember that actuals change in case a borrower opts for part prepayment.

Home Loan Part-Payments and EMI Changes

A borrower can make part-prepayments as many times as they wish to, within their loan tenor and their EMIs will change accordingly. The amount paid goes toward reducing the outstanding home loan amount, reducing the net home loan interest payable. In such a case, you can use the Bajaj Housing Finance Part-Payment Calculator for an estimate of the EMI and tenor savings.

Final Thoughts

Applicants can access a range of benefits with Bajaj Housing Finance Home Loan, including customized repayment facilities, fast processing, and quick approval, and external benchmark linked loans (repo rate). The home loans are designed for ultimate convenience; a user can complete the process while taking calls or responding to emails. The only time a user is required to meet someone is at the final stage in the process, where they must sign the home loan agreement and mandatory registration formalities. With a plethora of benefits, a user can now make their dream home a reality.



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