Category: Personal Finance

RBI lauds Paytm IPO, says 2021 may turn out to be India’s year of IPO, BFSI News, ET BFSI

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The $ 2.2 billion proposed listing by a payment and financial services app symbolises investor excitement surrounding India’s digitalisation – digital payment solutions; e-commerce; logistics, says an RBI article.

The year 2021 could turn out to be India’s year of IPO with the domestic unicorns through their public issues setting “domestic stock markets on fire and global investors in a frenzy”, an RBI article said on Tuesday.

The successful Initial Public Offerings (IPOs) by new age companies in the recent months are a reflection of bullishness about Indian technology, it said.

“…growth impulse is igniting financial markets. 2021 could well turn out to be India’s year of the IPO. Debut offerings by Indian unicorns – unlisted start-ups – kicked off by a food delivery app’s stellar IPO that was oversubscribed 38 times, have set domestic stock markets on fire and global investors in a frenzy,” the central bank said in an article on the ‘State of Economy’.

The article has been authored by a team lead by RBI Deputy Governor Michael Debabrata Patra. The central bank said views expressed in the article are those of the authors and do not necessarily represent the views of the Reserve Bank.

The RBI article was referring to the IPO of Zomato which got oversubscribed 38 times.

Paytm IPO

The article further said that “the $ 2.2 billion proposed listing by a payment and financial services app symbolises investor excitement surrounding India’s digitalisation – digital payment solutions; e-commerce; logistics”.

Noting that the IPO of a specialty chemical manufacturing exporter was subscribed 180 times, the RBI said “these IPOs of new age companies arrive as bullishness about India mounts, especially around Indian tech”.

India’s tech boom, it added, has been long awaited, with strong global and domestic appetite for what are widely believed to be world class businesses in the pipeline, notwithstanding initial losses that have largely stemmed from the deep discount business models adopted by them.

These listings coincide with a broader rush by Indian companies to tap the market and the fomo (fear of missing out) factor driving investors, which have taken the benchmark indices to records, the RBI article said.

“A new era has clearly begun. It is estimated that India has 100 unicorns (Credit Suisse, 2021), with 10 new ones created in 2019, 13 in 2020 in spite of the pandemic and 3 a month in 2021 so far. They do not rely on inherited wealth or dependence on bank loans or extra-business connections, but on talent and innovative ideas. These are the children of liberalisation, not of the wealthy,” it said.

Maharaja Mac

Referring to the recent update by the UK-based The Economist of its Big Mac Index, an informal guide to currency valuation, the RBI article said that in terms of Maharaja Mac, India is currently the fourth-largest economy in the world.

“…we decided to give the Big Mac’s currency valuation powers a go by and turned it on its head. Looking at affordability or how many burgers can a currency buy relative to the US dollar, we measure how much a country’s GDP is valued in purchasing power terms,” the article said.

“Voila! The results uphold conventional wisdom – in terms of the Maharaja Mac, India is currently the fourth-largest economy in the world after China, the US and Japan.”



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4 Stocks To Buy Now In August From Angel Broking For Potential Upside Of Up To 42%

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1. Dalmia Bharat:

Angel Broking is bullish on the country’s leading cement company for gains of 42% as it has set the target price of Rs. 2650. As per the brokerage, the company is a play on the ramp up in volumes owing to its new additional capacities in East and West. The company is in the process of augmenting its capacity by approximately ~8MTPA (~5.4MTPA in FY22E and ~2.6MTPA in FY23E, mostly in East & Murli) which would drive volume growth going forward.

Well defined capital allocation policy, robust demand environment will aid future price performance

“Moreover, the company has laid out a clear capital allocation policy and has plans to grow its capacity by 15% CAGR and reach 110-130MTPA by FY30”, said the brokerage report. The brokerage is of the view that the demand environment is likely to remain strong given the impetus on infrastructure spend. “We expect cement volume CAGR of around 12% over FY21- 23E on the back of strong demand and capacity absorption”, added the report.

2. Safari Industries:

2. Safari Industries:

Brokerage firm gives a ‘Buy’ rating on the leading luggage company, Safari Industries. The company commands a leadership position in the mass segment and the transition from unorganized sectors to organized space would be advantageous for the luggage maker.

Wide distribution network, focused product strategy and diversified product mix to aid growth:

The company’s distribution reach is commendable and to complement it, Safari has a focused product strategy and diversified product mix that will facilitate and strengthen growth going forward. Angel Broking believes “Safari will report strong top-line as well as bottom-line growth on the back of strong growth in the organized sector, wide distribution network, strong brand & promoter initiatives”, said the brokerage in its report.

3. Galaxy Surfactants:

3. Galaxy Surfactants:

The brokerage firm Angel Broking bets on Oleo-chemical-based surfactants market leader, Galaxy Surfactants and recommend a ‘BUY’ with a target price of Rs. 3594, implying an upside of over 18% from the last traded price as on august 17, 2021.

Focus on Increasing its share of high margin specialty care products, strong association with MNCs to drive growth

The company has been gearing up to increase the share of its high margin specialty care products that now accounts for around 40% of the company’s revenues while the remaining is contributed by the performance surfactant business. Further it caters to global MNCs not only in India but also supplies raw material to them in the US, EU and MENA region. “We expect revenues to register a strong growth from FY22 onwards given the company’s exposure to the personal and home care segment and recovery in the specialty segment”, noted the broking major.

4. Jindal Steel & Power:

4. Jindal Steel & Power:

Angel Broking recommends a ‘Buy’ on the stock of the country’s largest iron and steel company, Jindal Steel & Power. The global steel cycle like other commodities has seen a turnaround owing to demand normalization in developed countries as economies there have opened up after the Covid threat. Now with the huge demand surge, prices of steel in the international markets have scaled to record highs.

Deleveraging by Jindal Steel makes the company a ‘Re-rating’ candidate

The company posted good set of numbers for the June ended quarter of FY22 owing to firm steel prices in the local markets. This is even when the company has exhausted all-low cost iron ore from Sarda mines. The company’s debt is expected to significantly come to around Rs. 8000 crore by FY2022 which should lead to a rerating in the stock. “At current levels the stock is trading at EV/EBIDTA of 4.0xFY2022 EBIDTA and offers value given the upturn in global steel cycle”, said the brokerage report.

Disclaimer:

Disclaimer:

The stocks listed in the article are taken from the brokerage report of Angel Broking and need not be construed as investment advice. The company and the author will not be held responsible for any losses on any investment call taken based on this report.

GoodReturns.in



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RBI, BFSI News, ET BFSI

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Mumbai: The economy is gaining traction with gradual pick up in manufacturing activity and moderation in contraction of services, spurred by comfortable liquidity conditions, an RBI article on Tuesday said.

Observing that the retreat of the second wave of coronavirus pandemic has been slow, the RBI in an article on the ‘State of Economy’ said, the aggregate demand conditions are buoyed by the release of pent-up demand post unlock, while the supply situation is improving with the monsoon catching up to its normal levels and sowing activity gaining pace.

“Reaffirming the traction that the economy is gaining, the manufacturing activity is gradually turning around, while contraction in services has moderated. Spurred by comfortable liquidity conditions, financial conditions stay benign and supportive of the recovery,” it said.

The article notes that with the cautious unwinding of restrictions by states, human mobility has risen to levels last seen in February 2021, prior to the onset of the second wave. Electricity generation readings, too, have recovered to peak levels seen in April 2021 and are closing on to the pre-pandemic level (July 2019).

It has been authored by team lead by RBI deputy governor Michael Debabrata Patra. The central bank said views expressed in the article are those of the authors and do not necessarily represent the views of the RBI. E-way bill collections rose to their highest level in the last four months, clocking a growth of 17.3% sequentially over June 2021. Normalised to February 2020 levels, E-way bills, both intra-state and interstate, surpassed pre-pandemic levels. In August so far (up to August 8, 2021), daily average E-way bills declined sequentially by 5.8%, with implications for GST collections going forward.

Also toll collections rebounded in July, nearing the March 2021 record when Fastag was made mandatory. As per the article, fuel consumption recorded an uptick in July 2021. While the consumption of petrol reached pre-pandemic levels and aviation turbine fuel (ATF) recorded a sequential improvement, diesel consumption slipped marginally.

On the price rise front, the article said the headline CPI inflation for July 2021 came in at 5.6%, down 70 bps from 6.3% a month ago and “reinforcing the view that the recent upsurge has peaked and the worst would be behind us”. Further, high frequency food price data from the department of consumer affairs indicate an uptick in cereal prices in August so far. Prices of pulses, on the other hand, continue to soften. Edible oil prices are seeing some pressures. Among key vegetables, prices of potatoes, onions and tomatoes saw some seasonal increase in prices, it said. On the the recent enactment of amendments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, the article said it is a major step towards ameliorating depositor distress. agencies



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SC refuses to entertain banks’ plea for RTI exemption

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He also said that the judgment was delivered only after all the banks through Indian Banking Association were heard.

In a setback to various public sector and private banks, including SBI and HDFC Bank, a Supreme Court bench led by Justice SA Nazeer on Tuesday refused to entertain their petitions seeking exemption from disclosing any information related to their customers, trade secrets, risk ratings or any unpublished price sensitive information from the Right to Information (RTI) Act.

It said that these fresh petitions will be heard by the original Bench led by L Nageswara Rao, which had earlier dismissed a joint plea by the central government and 10 banks seeking a recall of the judgment in Jayantilal N Mistry (2015) that mandated RBI to disclose inspection reports of banks as well as details of wilful defaulters on the grounds that the central bank had no fiduciary relationship with the banks.

A Bench led by Justice Nazeer said that “we don’t think it proper to hear the case. We are of the view that it is appropriate to list the matter before the original bench of J Rao”. Justice Rao’s bench had in April revived its 2015 judgment making it necessary for the RBI to disclose financial information related to private and public banks under the RTI Act.

In another attempt to wriggle out of the transparency law, around a dozen banks have filed separate petition saying that they being privy to sensitive information like personal details of its account holders, prospective loans and other financial transactions are required to keep such info confidential and maintain privacy as directed by the SC in the Justice KS Puttasamy vs UoI (Aadhaar judgment), which recognises the fact that right to privacy is a sacrosanct facet of fundamental rights.

Besides SBI and PNB, four private banks – HDFC Bank, Axis Bank, ICICI Bank and Yes Bank – in their joint petition said that RBI in its role as banker to the government and banking regulator receives and holds a lot of sensitive information, the disclosure of which may not be in the interest of the nation or serve public interest.

Senior counsel Mukul Rohtagi, appearing for the HDFC Bank, argued that the bank was not a party when the earlier order mandating disclosure was passed. “Today’s petitions are different and there is no need for Justice Rao’s bench to hear them, he said while opposing the stand of counsel Prashant Bhushan, appearing for the RTI activist, that the original Bench should only hear these petitions.

Rohtagi along with senior counsel KV Vishwanathan and Solicitor General Tushar Mehta (appearing for SBI), contended that the matter should be heard by a larger bench as privacy of customers is of utmost importance to a bank, who have “guarded commercial secrets”.

Terming disclosure of inspection reports as invasion of privacy of banks, their customers and employees, Rohtagi said that the RTI Act does not apply to private entities like them as they are not public authorities under the Act and therefore, information pertaining to such banks and their customers cannot be sought under the RTI Act, let alone confidential/sensitive information of such banks/FIs. “No bank customer wants his safeguards/parameters should be disclosed to anyone. These inspections prepared by RBI are treated as highly confidential. Banking business is a business of faith and trust.. it has millions of accounts, entire banking fabric will be finished if all the inspection reports are made public. Besides, private banks’ shares are traded and they are not created by any statute, thus not covered under the RTI Act,” he argued.

Reading out a Risk assessment report of Union Bank of India, Bhushan told the Bench that “these inspection reports just give details of working of the bank including supervision of its lending policies so as to check defaulters like Vijaya Mallya ad Mehul Chokshi. The whole document doesn’t give names of any customer. There is nothing confidential in this report.”

He also said that the judgment was delivered only after all the banks through Indian Banking Association were heard.

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Investors Can Still Buy BPCL Shares For Rs. 58/Share Dividend As Stock To Turn Ex Dividend On September 16

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What is ex-dividend date?

Ex-dividend date like ex-bonus date in a usual scenario is set one day prior to the record date. Ex-dividend can also be understood as a stock which trades without the value of the next dividend pay-out. So, consequently ex-dividend date or ex-date is the date or day when the stock begins to trade without the value of its next dividend payment.

While record date is the cut-off date which the company sets to determine shareholders’ eligibility to receive the next dividend. Now, in a case if you purchase the stock on or after the ex-dividend date, you will not be eligible to receive the next dividend payment. However, if you hold the shares of BPCL as on the record date or place the order for the same before the ex-date you will be entitled to receive the dividend pay-out.

What it means for investors in BPCL and those willing to bet on the stock of BPCL?

What it means for investors in BPCL and those willing to bet on the stock of BPCL?

So, if you are an existent investor or shareholder in BPCL, your BPCL holding as reflecting in your demat account as on the record date., will make you eligible for the dividend. Besides, fresh or new investors who want to tap the momentum in the stock being a ‘divestment candidate’ can do so now for an additional dividend of Rs 58 per share besides capital appreciation going ahead.

When will dividend money be credited into BPCL shareholders' bank account?

When will dividend money be credited into BPCL shareholders’ bank account?

Also note dividend money shall be credited into eligible shareholders’ demat-linked bank account on the dividend payment date which is usually 30-45 days after the record date.

Recourse in a case when dividend is not received even after the dividend payment date has reached

In a case when despite the eligibility you do not get the dividend pay-out, you need to contact the companies’ registrar and details of the same can be sourced from both the NSE and BSE website. On NSE it is available under the tab of ‘company information, while in the case of BSE it is shown under ‘‘corp information’ tab. Note here BPCL while announcing final dividend said the final dividend would be paid within 30 days from the date of its declaration at the AGM.

Disclaimer:

Disclaimer:

Note this story should not be construed as a recommendation to buy ‘BPCL’ scrip, here we are just stressing on the idea of ex-dividend and how it works. Neither the company nor the author will be responsible for any losses incurred on an investment decision taken considering this report.



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Multibagger: These 3 BSE SME Stocks Have Given Returns Between 1000-5000 Percent

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Aditya Vision

Aditya Vision, founded in 1999, is a Small Cap business in the Retail sector with a market capitalization of Rs 920.00 crore. The stock returned 1156.01 percent over three years, compared to 36.93 percent for the Nifty Smallcap 100.

At the time of listing, Aditya Vision had a lot size of 8000 business shares at a price of $15. This equates to a total investment of Rs. 1.20 lakh (15 x 8000). If a winning bidder had held on to his shares until now, his 1.2 lakh would have grown to 61.188 lakh. The company has given gains of 4,899 percent since its inception. The company has increased by 2,996 percent in the last year.

The SME stock on the BSE is currently selling at Rs.764 per share.

Raghav Productivity Enhancers

Raghav Productivity Enhancers

Raghav Productivity Enhancers was founded in 2009, is a Small Worth business in the Metals – Non Ferrous sector with a market cap of Rs 808.49 crore. The business’s first public offering (IPO) was priced at Rs 39 per equity share, with 3000 company shares in one lot. This suggests that a minimum investment of 1.17,000 (39 x 3000) was required.

For the first time in five years, the company is debt-free. On August 2, shares of Raghav Productivity Enhancers, a relatively unknown company, were trapped in the upper circuit for the seventh session in a row. Rakesh Jhunjhunwala, dubbed “Big Bull,” will invest up to Rs 31 crore in the company.On the BSE, the SME stock is currently trading at Rs.743 per share. The company has given gains of 2, 498 percent since its inception. The company has increased by 578 percent in the last year.

Investors who bought in Raghav Productivity Enhancers and held onto the stock after share issuance would have seen their 1.17 lakh investment grow to today’s 22.30 lakh.

Shree Ganesh Remedies

Shree Ganesh Remedies

The company Shree Ganesh Remedies Ltd. was founded in 1995. Its share price presently is 352.65. It currently has a market capitalization of Rs 352.88 crore. The company reported gross sales of Rs. 584.26 crores and total income of Rs.626.04 crores in the most recent quarter.

The lucky bidders were rewarded with a 10 percent listing gain on the BSE SME stock when it debuted on the exchange at 40. Today the share price of Shree Ganesh Remedies is Rs 356.90 per share.

Had a lucky bidder been invested in this SME stock till now, its total value of 1,08 lakh would have now grown to 9,91 Lakh. The company has given gains of 1,110 percent since its inception. The company has increased by 273 percent in the last year.

Disclaimer

Disclaimer

The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advise to buy or sell stocks, gold, currency or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in



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5 Big & Most Recent Updates By SBI For Loan And Fixed Deposit Customers

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Investment

oi-Vipul Das

|

The largest public sector bank of our country State Bank of India (SBI) has recently unveiled a plethora of deals for its customers. Whether you are a customer going to apply for a home loan, car loan, gold loan, personal loan, or want to get higher returns on your deposit, SBI has now something big deal for you that you surely can’t miss. To honor India’s Independence Day, SBI recently announced lower interest rates, waived processing fees on loans, special offers for taxpayers, and higher deposit rates on a special deposit for specified tenures. Ranging from loans to a new deposit scheme, here we have compiled all the deals of SBI for your convenience.

5 Big & Most Recent Updates By SBI For Loan And Fixed Deposit Customers

SBI Home Loan Offers

For customers who want to apply for a home loan, SBI has waived off processing fees. Via its Twitter handle the bank has said that “This Independence Day, swipe right on your dream home with SBI Home Loan. Customers can get a home loan with zero processing fees and an interest rate concession of 5bps if they apply via YONO. On the other hand, women customers applying for a home loan with SBI will also get an interest rate concession of 5 bps. SBI home loan interest rates currently start from 6.70% and customers can also give a missed call on 7208933140 to apply for the same.

SBI Car Loan Offers

For customers going to apply for a car loan, personal loan, or gold loan with SBI, the largest public sector bank is also offering a 100 percent processing fee waiver. The bank via its Twitter handle has unveiled that “Get drenched in happiness, as it’s raining offers with SBI. Avail a 100% Processing Fee waiver on Car Loan, Gold Loan and Personal Loan.” Customers who apply for a car loan through YONO will receive a special rate discount of 25 basis points from SBI. Customers of SBI can receive a car loan with an interest rate as low as 7.5 percent annually. Not only these, customers applying for a car loan with SBI can also get up to 90% on-road financing according to the official website of SBI.

SBI Gold Loan Offers

For customers going to apply for a gold loan with SBI, the bank is also offering an interest rate concession of 75 bps. Currently, SBI is offering an interest rate of 7.5% per annum on the personal gold loan scheme of the bank. For customers applying for a gold loan via YONO will also get the benefit of zero processing fee. SBI is offering gold loans with a minimum amount of Rs 20,000 thousand up to Rs 50 lacs with a margin of 25% on gold loan, 25% on liquid gold loan, 35% on bullet repayment gold loan.

SBI Offer For Taxpayers

Taxpayers who want to file their IT returns can do it for free if they apply via YONO. Regarding the same, the largest commercial giant has recently said via its Twitter handle that “SBI marks India’s 75th Independence Day with a special offer for you. File your Income Tax Return with Tax2win on YONO for FREE.” Taxpayers will also get CA-assisted service starting at Rs 199. To file your IT return for free just login to YONO SBI >> shop and order >> Tax & Investment >> Tax2win.

SBI Platinum Deposits

Customers of SBI can now earn up to 0.15 percent more on Term Deposits with terms of 75 days, 75 weeks, or 75 months. This exclusive offer is only available till September 14, 2021. To commemorate India’s 75th year of independence, the State Bank of India (SBI) has launched platinum deposits. In addition, the bank has stated on its Twitter account that “It’s time to celebrate India’s 75th year of Independence with Platinum Deposits. Exclusive benefits for Term Deposits and Special Term Deposits with SBI.” To know more about this new deposit scheme, please click here.

Story first published: Tuesday, August 17, 2021, 18:14 [IST]



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3 Banking Stocks To Bet On In August From Angel Broking For Gains Of Up To 32%

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1. Federal Bank: Buy for gains of 32%

Angel Broking is bullish on Federal Bank, an old generation private sector bank, for potential gains of 32%. The target price set out on the scrip is Rs. 110 while its last traded price is Rs. 83.3

Asset quality was managed well despite Covid second wave in Q1Fy22

The banker despite the second Covid wave has posted decent Q1FY 22 results with NI/ PPOP increasing by 9.4%/21.8% YoY. Provisioning for the period however went up by 22% YoY, impacting PAT, which declined 8.4% YoY. Asset quality somewhat saw a drag, nonetheless considering the acute Covid second wave, the banking entity held it well during the period under review. “We expect asset quality to improve from Q2FY22 given continued opening up of the economy. We expect the Federal bank to post NII/PPOP/PAT growth of 22.8%/23.7%/23.2% between FY20-23 and remain positive on the bank”, said the broking firm in its report.

Key financials

Y/E NII NIM PAT EPS ABV ROA ROE P/E P/ABV
March (` cr) (%) (` cr) (`) (`) (%) (%) (x) (x)
FY2022E 6604 3.1 2107 10.6 84.3 1 12.3 8 1
FY2023E 8612 3.4 2884.4 14.5 97.7 1.1 14.7 5.9 0.9

2. HDFC bank: Buy for 23% gains

2. HDFC bank: Buy for 23% gains

Another stock pick from the banking space by Angel Broking is the country’s largest private sector banking entity, HDFC Bank. Angel Broking has given a price target of Rs. 1859, implying an upside of over 22% from the last traded price of around Rs. 1516.

Loan segment registered growth by 14% YoY pushing NII, PPOP and PAT higher for the Q1FY22 period

Asset quality at the bank suffered owing to the Covid second wave backdrop, nonetheless the bank logged growth in NII, PPOP and PAT of 8.6%/18.0%/16.1% for the quarter under review despite higher provisioning, helped by loan growth of over 14% YoY for the June ended quarter of FY22. NIM also saw a decline on a sequential basis owing to change in product mix and interest reversals. Furthermore, despite the loss of 35-40 days of collections, the management at the bank expects good recoveries from slippages in the second quarter that should probably cut down on credit costs going ahead.

“Given best in class asset quality and expected rebound in growth from Q2FY22 we are positive on the bank given reasonable valuations at 3.0xFY23 adjusted book which is at a discount to historical averages”, added the brokerage.

Financials

Y/E NII NIM PAT EPS ABV ROA ROE P/E P/ABV
March (` cr) (%) (` cr) (`) (%) (x) (x) (x) (x)
FY2022E 73930 4 36213 65.5 419 1.9 16.8 22.8 3.6
FY2023E 86972 4.1 43037 77.9 496 2 16.9 19.2 3

3. Shriram City Union Finance: Buy for 8% gains

3. Shriram City Union Finance: Buy for 8% gains

Angel Broking has recommended a ‘Buy’ on the NBFC, Shriram City Union Finance that lends to small businesses, involving high margin. Furthermore, the firm extends auto, 2-wheeler, gold, and personal loans. Angel Broking expects the stock to hit a target of Rs. 2100 i.e. an 8% gain from the scrip’s last traded price.

Asset quality threw a positive surprise in Q1FY22, profits improved, provisioning went down during the quarter

Aided by an improved asset quality scenario, the company posted good quarterly numbers for the June ended quarter of FY22.. NII went higher by 5.23% YoY to Rs. 920 crore while PPOP was up by 0.4% YoY to Rs. 569 crores. Provisioning reduced by over 6% and hence profitability inched higher by 8% YoY.

“Shriram City Union reported a strong 30% sequential decline in disbursement for the quarter which led to flattish AUM at ~ Rs. 29,599 crore. The company reported only marginal deterioration on asset quality front as Gross stage 3 loans increased by 54bps qoq to 6.91% while net stage 3 for the quarter increased to 3.46% while PCR ratio stood at 49.9%”, noted the brokerage.

Financials

Y/E NII NIM PAT EPS ABV ROA ROE P/E P/ABV
March (` cr) (%) (` cr) (`) (%) (x) (x) (x) (x)
FY2022E 4312 12.1 1372 207.9 1320 3.8 15.6 8.7 1.4
FY2023E 5036 12.6 1730 262.2 1564.2 4.3 16.7 6.9 1.2

Disclaimer:

Disclaimer:

The above stocks are taken from the brokerage report of Angel Broking and need not be taken as investment advice. Equities are trading at record highs and you need to evaluate your own financial standing, risk profile,goals- both short term and long term, before taking any investment call.

GoodReturns.in



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3 Auto Stocks That Gave Returns Over 100% In The Past Year

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Tata Motors

Tata Motors, part of the Tata Group, is an Indian multinational automotive manufacturing corporation located in Mumbai, Maharashtra. Passenger cars, trucks, vans, coaches, buses, sports cars, construction equipment, and military vehicles are all manufactured by the firm.

The stock gained 17.6 percent over three years, compared to 43.51 percent for the Nifty 100. t to investors. Over a three-year period, the stock returned 17.6 percent, while the Nifty Auto returned -6.03 percent to investors. The stock has returned 145 percent in the last 12 months. Since July 3, 2002, Tata Motors Ltd. has issued 15 dividends.

The passenger car market is up with a 25 percent MoM increase and 101 percent YoY growth, demonstrating that the company’s footing in the domestic automobile segment has not eroded.

TATA MOTORS LTD FUNDAMENTALS
Parameter Values
Market Cap (Rs. in Cr.) 99376.81
Earning Per Share (EPS TTM) (Rs.) -4.59
Price To Earnings (P/E) Ratio 0.00
Book Value Per Share (Rs.) 45.30
Price/Book (MRQ) 6.61
Price/Earning (TTM) 44.06
ROCE (%) 0.11

Tube Investments

Tube Investments

Tube Investments, founded in 2008, is a Consumer Durables-focused Mid Cap business with a market capitalization of Rs 24,382.19 crore. The stock returned 375.39 percent over three years, compared to 43.59 percent for the Nifty Midcap 100. The stock has returned 115 percent in the last 12 months.

Since February 22, 2018, Tube Investments of India Ltd. has declared 7 dividends.

Tube Investments of India Ltd. has issued an equity dividend of Rs 3.50 per share in the last 12 months. This translates to a dividend yield of 0.28 percent at the current share price of Rs 1251.95.

TUBE INVESTMENTS OF INDIA LTD FUNDAMENTALS
Parameter Values
Market Cap (Rs. in Cr.) 24061.67
Earning Per Share (EPS TTM) (Rs.) 14.16
Price To Earnings (P/E) Ratio 88.08
Book Value Per Share (Rs.) 90.59
Price/Book (MRQ) 13.77
Price/Earnings (TTM) 56.91
ROCE (%) 16.57

Ashok Leyland

Ashok Leyland

Ashok Leyland is a Chennai-based Indian multinational automobile company. The Hinduja Group owns the property. It began as Ashok Motors in 1948 and changed its name to Ashok Leyland in 1955. Ashok Leyland gets a buy call from Motilal Oswal with a target price of Rs 155. Ashok Leyland Ltd. is currently trading at Rs 130.05.

When Ashok Leyland price reaches the defined target, the analyst estimates it will take one year. The stock has returned 104 percent in the last 12 months. Only 3.11 percent of trading sessions in the last 16 years had intraday drops of more than 5%. Since June 18, 2001, Ashok Leyland Ltd. has issued 20 dividends.

ASHOK LEYLAND LTD FUNDAMENTALS
Parameter Values
Market Cap (Rs. in Cr.) 37163.78
Earning Per Share (EPS TTM) (Rs.) -0.71
Price To Earnings (P/E) Ratio 0.00
Book Value Per Share (Rs.) 22.96
Price/Book (MRQ) 5.51
Price/Earning (TTM) 66.32
ROCE (%) -0.99

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4 Best Term Deposit Schemes For Senior Citizens To Invest In 2021

Personal Finance

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SBI ‘WECARE’ Senior Citizens’ Term Deposit Scheme

Senior citizens will receive additional interest on their term deposits if they invest for a tenor of 5 to 10 years under this deposit scheme of State Bank of India (SBI). They will be paid an additional rate of 30 basis points over and above the existing premium of 50 basis points over the public card rate, for a total of 80 basis points over the public card rate. The interest will be paid on a monthly or quarterly basis.

This scheme is applicable to new deposits as well as renewals of maturing deposits, and TDS will be levied in accordance with the Income Tax Act. SBI now provides a 5.4 percent interest rate on five-year FDs to the general public. Senior citizens will receive a 6.20 percent interest rate on deposits of less than Rs 2 crore under the special FD scheme. SBI’s current fixed deposit interest rates for senior citizens can be found here.

Tenor Interest Rates In %
7 days to 45 days 3.4
46 days to 179 days 4.4
180 days to 210 days 4.9
211 days to less than 1 year 4.9
1 year to less than 2 year 5.5
2 years to less than 3 years 5.6
3 years to less than 5 years 5.8
5 years and up to 10 years 6.2
Source: SBI, W.e.f. 08.01.2021

HDFC Bank Senior Citizen Care FD

HDFC Bank Senior Citizen Care FD

Senior Citizens who make a deposit of less than 2 crores for a duration of 5 (five) years 1 day to 10 Years during the special deposit offer beginning from 18th May’20 to 30th Sep’21 will receive an additional premium of 0.25 percent over and above the existing premium of 0.50 percent. During the aforementioned duration, this special deal will be available to new fixed deposits as well as renewals.

Non-Resident Indians are not eligible for this special fixed deposit scheme of HDFC Bank. If a term deposit made under the scheme is prematurely closed, including sweep-in / partial closure, on or before 5 years, the interest rate will be 1.00 percent lower than the contracted rate or the base rate applicable for the term the deposit has been with the bank, whichever is lower.

The interest rate will be 1.25 percent below the contractual rate or the base rate applicable for the duration the deposit has stayed with the bank, whichever is lower, if a term deposit made under the scheme is prematurely closed, including sweep-in / partial closure after 5 years by a senior citizen. The most recent senior citizens’ fixed deposit interest rates of HDFC Bank are listed below.

Tenor Bucket Senior Citizen Rates (per annum)
7 – 14 days 3.00%
15 – 29 days 3.00%
30 – 45 days 3.50%
46 – 60 days 3.50%
61 – 90 days 3.50%
91 days – 6 months 4.00%
6 months 1 day – 9 months 4.90%
9 months 1 day to less than 1 Year 4.90%
1 Year 5.40%
1 year 1 day – 2 years 5.40%
2 years 1 day – 3 years 5.65%
3 year 1 day- 5 years 5.80%
5 years 1 day – 10 years 6.25%
Source: HDFC Bank, W.e.f. 21st May 2021

ICICI Bank Golden Years Fixed Deposit

ICICI Bank Golden Years Fixed Deposit

Senior citizens will get an additional interest rate of 0.30 percent per year on their fixed deposits of 5 years 1 day up to 10 years under this special fixed deposit scheme, in addition to the prevailing additional rate of 0.50 percent per year. During the scheme’s existence, the additional rate will be offered on both new and renewing deposits.

The special fixed deposit scheme of ICICI Bank will be available until October 7, 2021. Only deposits of less than Rs 2 crore are eligible under this scheme. The applicable penalty rate will be 1.30 percent if a deposit made under the scheme is prematurely withdrawn/closed on, or after 5 years 1 day.

If a deposit opened under the special deposit scheme is withdrawn or closed before 5 years and 1 day, the current premature withdrawal rule will apply. Interest rates on fixed deposits for senior citizens of ICICI Bank are mentioned below.

Maturity Period Senior Citizen Rates (per annum)
7 days to 14 days 3.00%
15 days to 29 days 3.00%
30 days to 45 days 3.50%
46 days to 60 days 3.50%
61 days to 90 days 3.50%
91 days to 120 days 4.00%
121 days to 150 days 4.00%
151 days to 184 days 4.00%
185 days to 210 days 4.90%
211 days to 270 days 4.90%
271 days to 289 days 4.90%
290 days to less than 1 year 4.90%
1 year to 389 days 5.40%
390 days to 5.40%
18 months to 2 years 5.50%
2 years 1 day to 3 years 5.65%
3 years 1 day to 5 years 5.85%
5 years 1 day to 10 years 6.30%
5 Years (80C FD) – Max to Rs 1.50 lac 5.85%
Source: ICICI Bank, W.e.f. Oct 21, 2020

Bank of Baroda Special Fixed Deposit Scheme

Bank of Baroda Special Fixed Deposit Scheme

Bank of Baroda (BoB) offers an additional rate to senior citizens for a deposit amount of less than Rs 2 Cr. However, under the special fixed deposit scheme, elderly persons would get an extra rate of 1.00 percent for tenors of “Above 5 years to up to 10 years,” which will be valid until September 30, 2021.

Tenors Senior Citizen Rates (per annum)
7 days to 14 days 3.30%
15 days to 45 days 3.30%
46 days to 90 days 4.20%
91 days to 180 days 4.20%
181 days to 270 days 4.80%
271 days & above and less than 1 year 4.90%
1 year 5.40%
Above 1 year to 400 days 5.50%
Above 400 days and upto 2 Years 5.50%
Above 2 Years and upto 3 Years 5.60%
Above 3 Years and upto 5 Years 5.75%
Above 5 Years and upto 10 Years 6.25%
Source: BoB, W.e.f. 16.11.2020



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