Category: Personal Finance

SBI: You may incur a fee of Rs 15 plus GST on cash withdrawal at SBI ATMs from tomorrow

Personal Finance

[ad_1]

Read More/Less


Planning

oi-Vipul Das

|

Generally known as a zero balance savings account, SBI BSBD (Basic Savings Bank Deposit Account) can be opened by individuals of poorer sections of India with proper KYC documents. SBI Basic Savings Bank Deposit Account comes with a number of perks such as no limit on minimum and maximum balance, basic Rupay ATM-cum-debit card, free NEFT/RTGS service, no account closure charges, no charge for reactivating inactive accounts and so on. SBI, on the other hand, has modified its service charges for cheque book, transfer, certain non-financial transactions, and cash withdrawals from its own ATMs and bank branches. With effect from 1 July 2021, these charges would apply to the SBI BSBD account holders.

You may incur a fee of Rs 15+GST on cash withdrawal at SBI ATMs from tomorrow

Cash withdrawal at SBI ATMs and non-SBI ATMs: According to SBI, BSBD account holders would be eligible for four free cash withdrawals each month at ATMs and bank branches. Every transaction that exceeds the free threshold will be levied a charge of Rs 15 + GST by the bank. This cash withdrawal fee will apply at SBI and non-SBI ATMs.

Cash withdrawal fees at SBI branches: After the first four free cash withdrawals at branch as well as ATM, SBI will recover a service charge of Rs 15 plus GST per transaction, according to the official website of the lender. Non-financial transactions and transfer transactions by BSBD account holders in SBI and non-SBI bank branches would be free of service charge, according to the lender.

In addition, BSBD account holders will enjoy 10 free cheque leaves every financial year from SBI. After the free limit, the bank will incur a fee of Rs 40 plus GST for a 10-leaf cheque book, Rs 75 plus GST for a 25-leaf cheque book, and Rs 50 plus GST for a 10-leaf or part-leaf emergency cheque book. Senior folks, on the other hand, will be excluded from these charges.

Additionally, by keeping the safety of its customers in mind amid the second wave of COVID-19, SBI has also issued contactless service that will help you with your urgent banking needs. On its twitter handle SBI today announced that “Stay safe at home, we are there to serve you. SBI provides you a contactless service that will help you with your urgent banking needs. Call our toll free number 1800 112 211 or 1800 425 3800.”



[ad_2]

CLICK HERE TO APPLY

Leave a comment

Gold Prices See The Highest Monthly Decline In 4 Years: Best Ways To Buy The Yellow Metal

Personal Finance

[ad_1]

Read More/Less


Investment

oi-Roshni Agarwal

|

Gold prices remained steady in the futures market in line with the international trend. In early trade, gold prices on the MCX quoted at Rs. 46,509 per 10 gm. In fact the monthly fall the precious yellow metal has logged for June month has been the steepest. Internationally the decline has been a staggering 7 percent.

Gold Prices See The Highest Monthly Decline In 4 Years: Best Ways To Buy Gold

Gold Prices See The Highest Monthly Decline In 4 Years: Best Ways To Buy The Yel

As per the Reuters report, the steady fall in the price of gold has been on the back of shift in the US Federal Reserve policy stance to hawkish. In the earlier meet this month, the Fed proposed to begin hiking interest rates as early as 2023 as against the earlier proposed 2024.

Here are the safe and lucrative ways in which investors can bet on gold for a good return:

1. Sovereign Gold Bonds:

The fourth tranche of SGB 2021-22 will open between July 12 and July 16. SGBs can be bought in for a minimum of 1 gm i.e. 1 unit of SGS is equivalent to 1 gm. SGBs are bonds issued by the RBI on behalf of the government of India.

On the basis of the average price of gold in the preceding foztnight, the RBI comes out with the issue price of Soverign gold bonds is decided. It is generally close to the market rates.

SGBs are the safest bet providing investor even with the return of 2.5% interest return per annum which is payable semi-annually. So, this is the only form of gold investment which is interest yielding. Further it is tax exempt, in case the SGBs are held until maturity.

2. Gold ETFs:

The investment in gold as ETF can be highly lucrative if one invests a higher amount and involves in regular trade. Also, these entail a lower cost or expense ratio. Apart from the low cost, one should also consider gold ETFs past performance.

Apart from the investment, this investment can also serve as the collateral and one can secure funds against it if in need.

Further besides the cost associated i.e. payable to the brokerage there is no entry or exit load charges. Also, in the case if Gold ETFs are held for over a year then there is long term capital gains tax on it. But there is no securities, wealth tax or VAT on Gold ETFs.

Outlook for Gold 2021

The pullback in gold has been seen after the Federal Open Market Committee remark which sounded optimistic on the recovery of the US economy.

“Progress on vaccinations has reduced the spread of COVID-19 in the United States. Amid this progress and strong policy support, indicators of economic activity and employment have strengthened,” the statement said.

The gold price sustaining below $1,800 per ounce indicates a “lack of an immediate impetus to buy the yellow metal”, analysts at Canadian bank TD Securities said in a note on Thursday, “as the Fed clarified its reaction function with respect to an upside scenario in inflation, which suggests the Fed isn’t behind the curve by any means.”

The analysts at TD Securities have lowered gold forecast on June 24, expecting prices to drop in the third quarter before turning higher later in the year and into 2022.

GoodReturns.in



[ad_2]

CLICK HERE TO APPLY

Leave a comment

Non-filers of ITR would be subjected to higher TDS & TCS from tomorrow: Check new rules here

Personal Finance

[ad_1]

Read More/Less


Taxes

oi-Vipul Das

|

For individuals who have failed to submit their income tax returns (ITR) for the last two years, the income tax department will apply a higher tax deduction at the source (TDS) rate starting from July 1. Sections 206AB and 206CCA of the Income-tax Act of 1961, which take effect on July 1, 2021, impose a higher TDS/TCS rate for “Specified Person” identified as “a person who has not filed the income tax returns or ITR for both of the two assessment years relevant to the two previous years immediately prior to the previous year in which tax is required to be collected, for which the time limit of filing return of income under sub-section (1) of section 139 has expired; and the aggregate of tax deducted at source and tax collected at source in his case is rupees fifty thousand or more in each of these two previous years,” according to the Notification No. 01 of 2021 of Central Board of Direct Taxes.

Non-filers of ITR would be subjected to higher TDS & TCS from tomorrow

The Income Tax Department has devised a new “Compliance Check” feature for Section 206AB & 206CCAn to enable tax deductors/collectors to determine if an individual is a “Specified Person” as defined by Section 206AB & 206CCA. This feature is accessible at (https:llreport.insight.gov.in) of the Income-tax Department. According to the recent extensions made by the Central Board of Direct Taxes (CBDT), taxpayers now have until July 15 to submit their TDS for the fourth quarter of the fiscal year 2020-21. Only at the beginning of the financial year, TDS deductors and TCS collectors are mandated to confirm the functioning of the PAN of the vendor from whom TDS or TCS is to be deducted or collected.

TDS rates will be higher than double the rate stated in the pertinent provision of the Income Tax Act, or double the rate or rates in effect, or at a rate of 5%, according to the new TDS regulation. If your overall TDS deduction in the previous year was less than Rs 50,000, or if you have filed your income tax return actively for the past two years, the rules of this section will not pertain to you. Furthermore, where TDS is required to be withheld on salary income (192), lottery income (194B), horse race income (194BB), PF income (192A), trust income (194LBC), and cash withdrawals (194N), the regulations of this section do not pertain.

Furthermore, this new TDS rule will not apply to NRIs who do not have a permanent establishment in India. In order to reduce the compliance burden of the tax deductor or collector the CBDT has also said that “For any further assistance, Tax Deductors & Collectors can refer to Quick Reference Guide on Compliance Check for Section 206AS & 206CCA and Frequently Asked Questions (FAQ) available under “Resources’ section of Reporting Portal. They can also navigate to the “Help” section of Reporting Portal for submitting a query or to get a call back from the Customer Care Team of the Income-tax Department. Customer Care Team of Income-tax Department can also be reached by calling on its Toll-Free number 1800 1034215 for any assistance.”

Story first published: Wednesday, June 30, 2021, 10:15 [IST]



[ad_2]

CLICK HERE TO APPLY

Leave a comment

Senior Citizens Special FD Schemes Extended Till September 30, Details Inside

Personal Finance

[ad_1]

Read More/Less


SBI Wecare Deposit

On its official website, the largest commercial bank of our country State Bank of India (SBI) has stated that “A special ” SBI Wecare” Deposit for Senior Citizens introduced in the Retail TD segment wherein an additional premium of 30 bps (over & above the existing 50 bps as detailed in the above table) will be paid to Senior Citizen’s on their retail TD for ‘5 Years and above’ tenor only. “SBI Wecare” deposit scheme stands extended till 30th September, 2021.” SBI Wecare deposit scheme gives older folks an additional 30 basis points above the 50 basis points of additional FD interest rate. On a 5- to 10-year fixed deposit, the SBI We Care scheme offers a senior citizen an additional 80 basis points. Hence, they will receive 6.20 per cent interest on their fixed deposit under this special SBI FD scheme. These rates are in effect from 8 January 2021, according to SBI.

HDFC Bank Special FD Scheme

HDFC Bank Special FD Scheme

According to the official website of HDFC Bank “An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May’20 to 30th Sep’21. This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period. This offer is not applicable to Non-Resident Indian.” Under the HDFC Senior Citizen Care Scheme, the bank gives a 75 basis point higher interest rate. The interest rate on a fixed deposit made by a senior citizen under the HDFC Bank Senior Citizen Care FD would be 6.25 per cent which is in force from 21 May 2021.

Bank of Baroda Special Fixed Deposit Scheme

Bank of Baroda Special Fixed Deposit Scheme

Senior citizens can get a 100 basis point higher on their deposits at Bank of Baroda. Under the special fd scheme for senior citizens, one can get an interest rate of 6.25 per cent on his or her fixed deposit made for a period of 5 years and up to 10 years. These rates are in force from 16 November 2020.

Interest Rates of Special FD Schemes

Interest Rates of Special FD Schemes

Here are the most recent interest rates of special fd schemes which are applicable for a deposit amount of less than Rs 2 Cr.

Special FD Schemes ROI In % Effective till
ICICI Bank Golden Years Fixed Deposit 6.30% June 30, 2021
HDFC Bank Senior Citizen Care Fixed Deposit 6.25% September 30, 2021
Bank of Baroda Special Fixed Deposit Scheme 6.25% September 30, 2021
SBI Wecare Deposit 6.20% September 30, 2021
Source: Bank Websites



[ad_2]

CLICK HERE TO APPLY

Leave a comment

4 Best Special FD Schemes For Senior Citizens To End On September 30, 2021

Personal Finance

[ad_1]

Read More/Less


SBI Special Fixed Deposit Scheme

SBI Wecare deposit scheme offers an additional 30 basis points of interest above the 50 basis points of additional FD interest rate provided to senior citizens. SBI We Care scheme gives a senior citizen an extra 80 basis points on a 5- to 10-year fixed deposit. Under this special SBI FD scheme, they will earn 6.20 per cent interest on their fixed deposit. Here are the most recent fixed deposit interest rates of SBI for senior citizens which are in force from 08.01.2021.

Tenure Senior Citizen FD 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, (Below Rs. 2 crore)

HDFC Bank Senior Citizen FD Scheme

HDFC Bank Senior Citizen FD Scheme

A senior individual can earn 75 basis points more on an HDFC Bank Senior Citizen Care FD. Under this special FD scheme, a senior citizen would receive a 6.25 per cent return on his or her FD if it is maintained for more than 5 years and up to 10 years. The current HDFC bank fixed deposit interest rates for elderly persons, effective from May 21, 2021, are listed below.

Tenure Senior Citizen FD Rates
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 – 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, (Below Rs. 2 crore)

ICICI Bank Special Fixed Deposit Scheme

ICICI Bank Special Fixed Deposit Scheme

The ICICI Bank Golden Years FD Scheme for elderly persons offers an additional 0.80% FD interest rate over standard FD rates, effective from October 21, 2020. Under the ICICI Bank Golden Years FD scheme, an elderly citizen would get a 6.30 per cent interest rate respectively.

Tenure Senior Citizen FD Rates
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 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 days 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) 5.85%
Source: ICICI Bank, (Below Rs. 2 crore)

Bank of Baroda Special FD Scheme

Bank of Baroda Special FD Scheme

Compared to the standard fixed deposit interest rates, Bank of Baroda is providing elderly people with a 1% higher return. Senior citizen special FD scheme of BoB will offer a 6.25 per cent annual interest rate applicable from November 16, 2020.

Tenure Senior Citizen FD Rates In %
7 days to 14 days 3.3
15 days to 45 days 3.3
46 days to 90 days 4,2
91 days to 180 days 4.2
181 days to 270 days 4.8
271 days & above and less than 1 year 4.9
1 year 5.4
Above 1 year to 400 days 5.5
Above 400 days and up to 2 Years 5.5
Above 2 Years and up to 3 Years 5.6
Above 3 Years and up to 5 Years 5.75
Above 5 Years and up to 10 Years 6.25
Source: BoB, (Below Rs. 2 crore)



[ad_2]

CLICK HERE TO APPLY

Leave a comment

3 Stocks To Buy With Strong Support To Invest In 2021 From Brokerage Firm ICICI Securities

Personal Finance

[ad_1]

Read More/Less


PNC Infratech

PNC Infratech Ltd., founded in 1999, is a Mid Cap business in the Infrastructure sector with a market capitalization of Rs 6,298.04 crore.

PNC Infratech’s (PNC) performance was outstanding, with a better topline and margins than planned, thanks to operating leverage. The topline increased by 42 percent year over year to Rs 1644 crore, owing to an enhanced executable order book and optimal labour availability. Operating leverage drove the resultant margin to 14.1 percent. Despite higher taxation, PAT increased by 70% year over year to Rs 129.4 crore. This was due to improved operating performance, lower interest costs, and lower interest costs.

With a Stop target price of Rs 300/share, ICICI Securities’ BUY rating is unchanged. The company’s construction business is worth Rs 253/share (6.5x FY23E EV/EBITDA or 12x FY23 EPS), according to the brokerage.

Nirlon

Nirlon

Nirlon‘s results in FY21 was subdued. In FY21, revenues increased by 2.2 percent year on year to | 316.9 crore. It was Rs 77.1 crore in Q4FY21, down 6% year on year. Occupancy was down QoQ at 95.2 percent, compared to 97.5 percent in Q3, as one significant licensee moved out after their licence expired. EBITDA for FY21 increased by 2.7 percent year on year to | 237.2 crore. PAT increased 16.4% YoY to Rs127.4 crore in FY21, boosted by cheaper interest due to capitalization.

ICICI Securities advises buying at Rs.309 with a target price of Rs.400.

The stock maintains a BUY rating, with a NAV-based target price of Rs 400/share. We use a 9 percent cap rate and a 15% discount rate in our valuations to be careful. We believe the stock has a lot of value because the expected expansion isn’t accounted for in the CMP, as per the brokerage.

Bata India

Bata India

In Q4FY21, Bata India’s revenue recovery rate (adjusted) was 80 percent, up from 74 percent in Q3FY21. Lower revenues from formal and fashion footwear continued to have an impact on gross margins year over year, however, gross margins improved QoQ. In Q4FY21, revenue declined 5% year on year to | 589.9 crore.

Bata changed their product line from formals and fashion to casuals, fitness, and essentials to match the present market condition.

“We believe Bata’s strong brand loyalty and pan-India retail reach will allow for faster revenue recovery and improved profitability.

Over FY20-23E, we forecast a 100 basis point increase in margin to 28.2 percent and a 450 basis point increase in RoCE to 32.7 percent. With a revised target price of | 1925 (48x FY23E EPS, previously TP: | 1680), we upgrade the stock from HOLD to BUY,” the brokerage said.

3 Stocks With Strong Support For Short Term Investors To Park funds

3 Stocks With Strong Support For Short Term Investors To Park funds

Company Price Market Cap YTD
PNC Infratech Rs 250 6.41TCr 41.96%
Nirlon Rs 299.95 2.70TCr 8.13%
Bata india 1,614 20.74TCr 2.55%

Disclaimer

Disclaimer

Views mentioned herein are taken from the brokerage report of ICICI Securities. Neither the author, nor the brokerage nor Greynium Information Technologies would be responsible for losses incurred based on the article. Please consult a professional advisor. Investing in stock markets is risky.



[ad_2]

CLICK HERE TO APPLY

Leave a comment

3 Suitable Investments Amid Low Interest Rate And High Inflation

Personal Finance

[ad_1]

Read More/Less


Investment

oi-Roshni Agarwal

|

We make investment to earn profits on them and they are rewarding when they are able to give a value enough to beat the current rate of inflation. It is in this situation that the real return from the investment vehicle is said to be positive or else it is a negative return.

3 Suitable Investments Amid Low Interest Rate And High Inflation

3 Suitable Investments Amid Low Interest Rate And High Inflation

Now amid such a situation the best escape can be equities either through the direct route or via mutual funds.

1. Liquid funds:

This can suit those investors who want to invest for a short term. Generally, investors are asked their savings accounts funds to this category of fund as this offers liquidity at par with savings accounts.

Further, the mutual fund category is considered suitable for building emergency corpus or contingency funds.

In this liquid mutual fund category of debt funds, investors’ corpus is parked in money market instruments of a shorter maturity. On an average investors can earn anyway between 4-6 percent return. But of late the returns on liquid funds have retreated lower. Also, the cost for an investor is nil here as these even don’t entail any exit load charges.

2. Equity mutual funds:

For timing the market and to offset the volatility, investors for better return for a longer investment horizon of say 5 years or more can even park their funds in equity funds. Amid a boom in the equities, the space in a year’s time have yielded returns of over 100% i.e. have doubled investors’ money in just a year. Also, a more disciplined investment route can be opted by investing via SIPs. This will not only provide the benefit of rupee cost averaging but will also lessen the impact of market volatility.

3. Gold:

This is another safe haven that from time immemorial apart from the store of value is considered as an inflation hedge. Amid resilience in the US dollar and the benchmark US yield, gold has retreated lower and so the lower rates can be capitalized on currently. Investors are advised to have a maximum of 10-15% allocation in gold. So, the best way to tap the route can be SGBs or gold ETFs

Story first published: Tuesday, June 29, 2021, 18:31 [IST]



[ad_2]

CLICK HERE TO APPLY

Leave a comment

Few Ways To Avoid Hefty Bank Charges

Personal Finance

[ad_1]

Read More/Less


Planning

oi-Roshni Agarwal

|

Big lenders have announced a set of changes in relation to ATM charges as well as for cheque usage. Also few days back, RBI has allowed banks to increase charges on ATM cash withdrawal beyond the free limit. Though the hike is just by Rs. 1 i.e. will be Rs. 21 from the next year, it can mean a huge levy for customers, as it shall be charged for every transaction beyond the free limit:

Few Ways To Avoid Hefty Bank Charges

Few Ways To Avoid Hefty Bank Charges

So, here are few points to note considering which bank customers can avoid heavy charges:

1. Premium account allow all such transactions for free:

There are bank accounts which generally require maintenance of AMB of Rs. 20000 and upwards and such accounts generally offer unlimited free transactions. So, if your pocket allows switching to a higher or premium category bank account, will help you get rid of all such charges. Say for instance, HDFC Bank’s Savings Max account offers free transactions at all ATMs clubbed with other benefits.

2. For merchant and other payment transactions:

If payments are to be made to some third parties instead of withdrawing funds at ATM or bank branch, you can directly remit the concerned beneficiary via your account through the various modes. Of late these modes of payment are allowed even on non-working banking days and entail no cost even. Interoperability of funds from one wallet to another and also to bank account shall also be made possible in due course.

3. Minimum balance requirement:

While salary account don’t come with such a requirement, for regular savings account, AMB requirement is in general Rs. 10000. For non-maintenance of the minimum stipulated amount you can be charged anyway between Rs. 200 – Rs. 500 plus 18 percent GST. So, try and always maintain this amount. Also, if this seems to be too much on you, get on to close all the savings bank account which you continue to maintain unnecessarily.

4. Cheque book charges:

Now as the recent SBI rule suggest that only usage of up to cheque leaflets of the bank shall be free and beyond that there will be charges levied. You can avoid such charges by paying through the digital mode wherever possible. This is also true of the demand draft that also entails the cost depending on the amount of the DD.

5. Too many cash transactions also result in charges:

Recently in a bid to push digital economy and hence transactions, too many cash transactions or cash transaction in an amount more than what is prescribed is also chargeable. Generally 4-5 cash transactions i.e. deposit and withdrawals are free, post which there are charges from Rs. 150-200 per transaction.

6. Debit cards are also chargeable:

While debit cards are misunderstood as similar to being ATM cards, the two are different as the former also allows debit transactions. Debit cards generally come with annual maintenance charge also. Annual fee may be in the range of Rs. 150-Rs. 200 depending on the type of debit card. For HNIs these charges are not there as they are offered privileged set of services.

7. SMS alerts cost :

While this is also an additional burden of Rs. 15-20 per quarter, this is a must opt for service as you are notified of all the transactions are notified to the customer’s registered mobile number.

8. For various mandates and debits if not honoured a steep penalty is chargeable:

In a case if your various mandates get dishonoured then a huge penalty shall be charged to you that can be anyway between Rs. 300- Rs. 350. Also, this is true of the bank cheque when it is not honoured.

So, if you inculcate a discipline in your various financial dealings then you can greatly reduce as well as can avoid such bank charges.

GoodReturns.in



[ad_2]

CLICK HERE TO APPLY

Leave a comment

7 Best NBFCs Stocks To Invest In India 2021

Personal Finance

[ad_1]

Read More/Less


Power Finance Corporation Limited

PFC is India’s largest non-banking financial company (NBFC) and infrastructure finance firm. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) both list PFC (NSE). It is also an ISO 9001:2000 accredited firm with the Indian designation of Navratna Company. The stock is currently trading at 0.54 times its book value. The company’s advances growth ratio is 18.59 percent, which is well-maintained. The promoters own 55.99 percent of the company.

Shriram Transport Finance Company Limited

Shriram Transport Finance Company Limited

The Shriram Transport Finance Company Ltd. was founded in 1979. Its share price presently is 1367.35. It currently has a market capitalization of Rs 36514.74 crore. The company reported gross sales of Rs. 174215.2 crores and total income of Rs. 174473.6 crores in the most recent quarter. It is traded on the BSE under the symbol 511218, the NSE under the symbol SRTRANSFIN, and the ISIN is INE721A01013. Over a three-year period, the stock returned -6.82 percent, compared to Nifty Financial Services, which returned 48.3 percent

HDFC

HDFC

In 1977, Housing Development Finance Corporation Ltd. was established. Its share price currently is 2507.6. It currently has a market capitalization of Rs 452810.68 crore. The company reported gross sales of Rs. 481522.6 crores and a total income of Rs. 481783.8 crores in the most recent quarter. The profit margin has increased by 8.03 percent. The company’s advanced growth ratio is 18.45 percent, which is well-maintained. Over a three-year period, the stock returned 32.5 percent, compared to Nifty Financial Services, which returned 48.3 percent.

Bajaj Finance

Bajaj Finance

Bajaj Finance Ltd., founded in 1987, is a Large Cap business in the NBFC industry with a market capitalization of Rs 363,784.99 crore. In the last three years, the company has maintained a good ROA of 3.82 percent. The company has a 20.29 percent Return on Equity (ROE) track record. Over a three-year period, the stock achieved a 167.1 percent return, compared to 48.3 percent for Nifty Financial Services. Over the last three years, the company has experienced significant profit growth of 0%.

Muthoot Finance

Muthoot Finance

Muthoot Finance Ltd., founded in 1997, is a Large Cap business in the NBFC sector with a market capitalization of Rs 59,776.18 crore. Over a three-year period, the stock generated a return of 296.73 percent, compared to 48.3 percent for Nifty Financial Services.

The profit margin has increased by 5.96 percent. In the last three years, the company has maintained a good ROA of 6.09 percent. Since the last three years, the company has maintained a respectable ROCE of 16.40 percent. Over the last three years, the company’s operating income has increased significantly.

LIC Housing Finance

LIC Housing Finance

LIC Housing Finance Ltd., founded in 1989, is a Large Cap business in the NBFC sector with a market capitalization of Rs 23,628.32 crore. Over a three-year period, the stock returned -0.55 percent, compared to Nifty Financial Services, which returned 48.3 percent. The stock is currently trading at 0.65 times its book value. The company’s advanced growth ratio is 15.37 percent, which is well-maintained.

Aditya Birla Finance Ltd

Aditya Birla Finance Ltd

The company Aditya Birla Capital Ltd. was founded in 2007. Its share price presently is 118.45. It currently has a market capitalization of Rs 28610.9 crore. The company reported gross sales of Rs. 1998.2 crores and total income of Rs.2013.3 crores in the most recent quarter. The profit margin has increased by 20.25 percent. The stock is currently trading at 1.10 times its book value. Over the last three years, the company’s operating income has increased significantly.

Disclaimer

Disclaimer

Our content is designed for and must be used solely for the purpose of providing information and education. Before making any investment based on your own unique circumstances, it is critical to conduct your own analysis.



[ad_2]

CLICK HERE TO APPLY

Leave a comment

Buy The Stock Of Westlife Development, Operator Of McDonald’s: Emkay Global

Personal Finance

[ad_1]

Read More/Less


30% Upside On This McDonald’s Operator

Emkay Global Financial Services sees a 30% upside on the stock of Westlife Development with a price target of Rs 630 on the stock, as against a current market price of Rs 495.

“Our interaction with management indicates strong traction in convenience channel sales, led by consumer shift to dominant brands & digital initiatives. Dine-in is currently impacted but faster recovery is expected vs. FY21 on easing restrictions and increasing vaccination. Expansion plans are intact at 25-30 store additions in FY22 despite second wave-led lockdowns. Ramp-up of Mc-Café network (present in 80% stores currently) and scale up of new products (fried chicken/gourmet burgers) ahead offer relatively better SSG outlook,” the broking firm has said.

Solid Network

Solid Network

Hardcastle Restaurants operates more than 300 McDonald’s restaurants (as of September 2019) across 42 cities in the states of Maharashtra, Karnataka, Telangana, Gujarat, Tamil Nadu, Kerala, Chhattisgarh, Andhra Pradesh, Goa and parts of Madhya Pradesh, and provides direct employment close to 10,000 employees.

McDonald’s operates through various formats including standalone restaurants, drive-thru’s, mall food courts, McDelivery and dessert kiosks. It also has three thriving brand extensions – McDelivery, McCafe and McBreakfast.

“The management maintained its store addition target of 25-30 stores in FY22E, with plans to further scale up Mc-Café to the remaining network in next 2-3 years. Currently, Mc-Café is present in 230 stores out of total 305 stores. Newly introduced products such as fried chicken in South India and gourmet burgers in Maharashtra are gaining traction and will be extended to the remaining network, driving higher unit sales,” Emkay Global Financials has said in its report.

Attractive valuation compared to peers

Attractive valuation compared to peers

Emkay Global Financial believes that the stock valuations of Westlife Development are attractive when compared to peers.

The firm sees cosr reductions as well, as rental contracts are being further optimized and some rebates are expected in Q1. Commentary remains positive on cost efficiencies, and WLDL hopes to see results from Q2 as sales normalise, the firm has said.

“We expect sales/EBITDA growth of 10%/20% in FY20-24, and faster recovery can drive upsides. Large penetration opportunity, improving profitability and valuations at discount to peers make it an attractive long-term bet. We value Westlife Development at 32 times Sept-23 estimated pre-INDAS EBITDA (vs. Jun-23E) with a target price of Rs 630,” the brokerage has said.

The shares of Westlife Development were last trading at Rs 493.85 on the National Stock Exchange.

Disclaimer

Disclaimer

Investors should not take any trading and investment decision based only on information discussed on GoodReturns.in. We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in.



[ad_2]

CLICK HERE TO APPLY

Leave a comment
1 … 225 226 227 228 229 … 387