Category: Personal Finance

1. NRB Bearings:

For the quarter ended March of FY21, the company posted good results with revenue inching 37% YoY, while EBITDA scaled even more strongly by 203% YoY.

“With the auto industry likely to rebound by H2FY22 and exports doing well for the company, we expect NRB to do well going forward. NRB is faring well in terms of improving its wallet share in exports”, said the report.

The company’s key financials for FY2022E are as following:

• PAT: Rs. 76 crore

• EPS: 7.8

• RoE: 14%

• P/E: 17.3x

The company is the leading supplier of bearings to auto manufacturing companies. The company caters to 2-wheelers, 3-wheelers, PV, CV and tractor OEMs.

2. Escorts:

“Considering record food-grain procurement by government agencies as well as expectation of good Kharif crop in 2021, we expect the tractor industry will continue to outperform the larger automobile space in FY22 with Escorts being a key beneficiary”, said the report.

Escorts in the recent past has also entered into a strategic partnership with Kubota Corporation of Japan (one of the global leaders in farm machinery and implements), which provides further visibility of growth for the company, going forward, added the report.

The company’s key financials for FY2022E are as following:

• PAT: Rs. 874.2 crore

• EPS: Rs. 86.4

• RoE: 14.6%

• P/E: 14.1x

Escort is the leading tractor player in the country with its brand of tractors doing good particularly in the northern and eastern belt of the country.

3. GNA Axles:

GNA is expected to be one of the biggest beneficiaries of strong growth outlook for truck sales in US and Europe markets which are witnessing strong recovery in demand. US which accounts for almost 40% of the company’s revenues has been registering strong class 8 truck sales, said the report.

The foray into the SUV axle segment would provide the company with new growth opportunities while the recovery in the domestic CV cycle also bodes well for the company. At current level the stock is trading at a P/E multiple of 11.5x FY23E EPS estimate of Rs. 39.

Key financial metrics:

For Fy2021E

• PAT- Rs. 77 crore

• EPS- Rs. 35.7

• RoE- 13.7%

• P/E- 12.5%

The company is into supplying rear axles to the auto sector. Primarily catering to the CV segment, the revival in CV cycle shall bode well for the company and it is seen to be the biggest beneficiary from it.

4. Ashok Leyland Ltd(ALL):

The company is one of the leading player in India CV industry with a 32% market share in the MHCV segment. The company also has a strong presence in the fast growing LCV segment. Demand for MHCV was adversely impacted post peaking out due to multiple factors including changes in axel norms, increase in prices due to implementation of BS 6 norms followed by sharp drop in demand due the ongoing Covid-19 crisis, said the report.

“While demand for the LCV segment has been growing smartly post the pandemic, demand for the MHCV segment has also started to recover over the past few months before the 2 nd lockdown while demand for buses are expected to remain muted due to greater preference for personal transportation”.

Considering the above, Angel Broking is of the view that Ashok Leyland is ideally placed to capitalize on the growth revival in the CV segment. Also, the company is seen to be the biggest beneficiary of the centre’s voluntary scrappage policy.

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List of Best Performing Bank Stocks

Would the non-performing asset figures in the retail lending segment jump in the first quarter of fiscal 22 as a result of the mini-lockdown in some parts of the country?

Company	Stock Price (June 11)	1- Year Return	%YTD Gains
Bank Of Maharashtra	26.60	136.44%	94.87%
Punjab and Sindh	20.30	24.54%	50.93%
Bank Of India	80.40	66.98%	60.32%
Indian Overseas Bank	20.80	99.04%	92.59%
IDFC First Bank Ltd	60.05	137.82%	60.56%
Central Bank Of India	21.55	32.62%	52.84%
Equitas Small Finance Bank Ltd	60.60	84.76%	60.53%

Banks Year-To-Date Returns

The amount of profit (or loss) realized by an investment from the first trading day of the current calendar year is referred to as the YTD return. Investors and analysts frequently use YTD calculations to evaluate the performance of a portfolio or to compare the recent performance of a number of equities.

Here’s a look at the top Bank stocks that have achieved the best year-to-date (YTD) returns as of this writing. Investors who seek equities with strong momentum assume that the price movement will continue in the future for varied periods of time. Please keep in mind that a stock’s historical performance does not ensure that a similar trend will continue in the future.

Bank Of Maharashtra

The Bank of Maharashtra was founded in 1935 and is a banking corporation with a market capitalization of Rs 17,548.43 crore. The company reported a Consolidated Total Income of Rs 4,333.34 Crore for the quarter ended 31-03-2021, up 21.13 percent from the previous quarter’s Total Income of Rs 3,577.36 Crore and up 35.48 percent from the same quarter last year’s Total Income of Rs 3,198.52 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 168.98 crore. ver a three-year period, the stock returned 91.07 percent, while the Nifty Bank provided investors a 31.56 percent return.

Punjab & Sind Bank

The Punjab & Sind Bank is a banking institution that was founded in 1908 with a market cap of Rs 8,226.92 Crore. The company reported a Standalone Total Income of Rs 1,940.62 Crore for the quarter ended 31-03-2021, down 2.11 percent from the previous quarter’s Total Income of Rs 1,982.52 Crore and down 15.24 percent from the same quarter last year’s Total Income of Rs 2,289.43 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 160.79 crore.

Bank Of India

The Bank of India is a banking company that was founded in 1906. (having a market cap of Rs 26,346.46 Crore). The company reported a Consolidated Total Income of Rs 11,476.86 Crore for the quarter ended 31-03-2021, down 7.24 percent from the previous quarter’s Total Income of Rs 12,372.88 Crore and down 6.64 percent from the same quarter last year’s Total Income of Rs 12,293.37 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 83.15 crore.

Stock gave a 1 year return of 80.40%.

Indian Overseas Bank

The company reported a Standalone Total Income of Rs 5,786.54 Crore for the quarter ended December 31, 2020, up 6.55 percent from the previous quarter’s Total Income of Rs 5,430.58 Crore and up 11.32 percent from the same quarter last year’s Total Income of Rs 5,197.94 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 212.87 crore. The stock gained 26.56 percent over three years, compared to 43.31 percent for the Nifty 100. Over a three-year period, the stock generated a 26.56 percent return, while the Nifty Bank generated a 31.56 percent return.

IDFC First Bank

IDFC First Bank Ltd., founded in 2014, is a banking firm with a market capitalization of Rs 37,224.72 crore. The company reported a Consolidated Total Income of Rs 4,834.19 Crore for the quarter ended 31-03-2021, down.03 percent from the previous quarter’s Total Income of Rs 4,835.86 Crore but up 6.17 percent from the same quarter last year’s Total Income of Rs 4,553.07 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 136.93 crore. Stock returned 43.18 percent over three years, compared to 43.31 percent for the Nifty 100 index. Over a three-year period, the stock returned 43.18 percent, while the Nifty Bank provided investors a 31.56 percent return.

Central Bank Of India

The Central Bank of India was founded in 1911 and has a market capitalization of Rs 12,603.08 crore. The company recorded a Consolidated Total Income of Rs 5,795.00 Crore for the quarter ended 31-03-2021, down 11.99 percent from the previous quarter’s Total Income of Rs 6,584.31 Crore and 14.07 percent from the same quarter last year’s Total Income of Rs 6,743.47 Crore. In the most recent quarter, the bank reported a net profit after tax of Rs -1,441.74 crore.

Equitas Small Finance Bank Ltd

Equitas Small Finance Bank Ltd., founded in 1993, is a bank with a market capitalization of Rs 6,898.33 crore. The company recorded a Standalone Total Income of Rs 996.73 Crore for the quarter ended 31-03-2021, down.68 percent from the previous quarter’s Total Income of Rs 1,003.54 Crore but up 24.67 percent from the same period last year’s Total Income of Rs 799.47 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 112.87 crore

Disclaimer

Neither Author nor Greynium Information Technologies would be responsible for losses based on decisions taken based on the article. The above article is for informational purposes only and stock market investing is risky. Investors should consider the risk before investing. Please do not buy stock based on the information provided above do consult a registered advisor.

Top 10 Asia’s Richest 2021

Asia’s top 10 richest people, as of June 12, 2021

Mukesh Ambani: $84.3 billion

Gautam Adani: $77.0 billion

Zhong Shanshan: $71.2 billion

Ma Huateng: $60.1 billion

Jack Ma: $48.9 billion

Zhang Yiming: $44.5 billion

Colin Huang: $43.4 billion

Zeng Yuqun: $39.1 billion

Tadashi Yanai: $38.9 billion

William Ding: $35.7 billion

Mukesh Ambani: $84.3 billion

Ambani’s fortune has risen to almost $84 billion, according to the Bloomberg Billionaires Index, making him the world’s 12th richest person. So far in 2021, Ambani has invested $7.62 billion. Mukesh Ambani of the Reliance Group is Asia’s richest man, with $84.3 billion.

Reliance was formed in 1966 as a modest textile firm by his late father, Dhirubhai Ambani, a yarn trader.

With the debut of its 4G phone service Jio in 2016, Reliance started a pricing war in India’s hyper-competitive telecom sector.

During the Covid-19 siege, Ambani raised more than $20 billion by selling a third of Jio to a group of investors that included Facebook and Google.

Gautam Adani: $77.0 billion

Adani is second with a $77 billion wealth. Adani’s fortune, on the other hand, has risen to $77 billion, with a $43.2 billion increase so far in 2021. According to Bloomberg figures, Adani is the 14th richest person on the planet. Gautam Adani, an infrastructure mogul, owns India’s largest port, Mundra, in his home state of Gujarat. Adani owns Abbot Point, a contentious Australian coal mining project whose Carmichael coal mine is touted as one of the world’s largest.

In September 2020, Adani purchased a 74% share in Mumbai International Airport, India’s second busiest.

Zhong Shanshan: $71.2 billion

Zhong Shanshan is a rich Chinese businessman. Nongfu Spring, a bottled water company that went public in Hong Kong in September 2020, is chaired by Zhong Shanshan.

He is the founder and chairman of Nongfu Spring and the primary shareholder of Beijing Wantai Biological Pharmacy Enterprise.

Ma Huateng: $60.1 billion

Ma Huateng (also known as Pony Ma) is the chairman of Chinese internet behemoth Tencent Holdings, which is one of the country’s most valuable companies by market capitalization. He is the founder, chairman, and CEO of Tencent, Asia’s most valuable corporation, one of the world’s largest Internet and technology corporations, as well as one of the world’s largest investment, gaming, and entertainment conglomerates. In December 2018, the company’s music-streaming business, Tencent Music, went public on the New York Stock Exchange.

Jack Ma: $48.9 billion

Jack Ma Yun is a Chinese business entrepreneur, philanthropist, and investor. Alibaba Group, a multinational technological conglomerate, is his co-founder and former executive chairman. He also co-founded the private equity business Yunfeng Capital. Ma is a staunch supporter of a market-driven, open economy. In September 2019, Alibaba’s executive chairman, Jack Ma, stepped down and was replaced by CEO Yong Zhang, also known as Daniel Zhang.

Zhang Yiming: $44.5 billion

One of China’s largest media content platforms, Beijing ByteDance, is chaired by Zhang Yiming. President Trump ordered ByteDance to sell TikTok’s U.S. businesses in August 2020; a potential deal with Walmart and Oracle is still in the works. Zhang’s personal wealth is estimated to be $44.5 billion, according to the Bloomberg Billionaires Index. Zhang Yiming stated on May 20, 2021 that he would be stepping down as CEO of ByteDance at the end of the year and shifting to a new position within the company.

Colin Huang: $43.4 billion

Colin Huang, also known as Huang Zheng, is the chairman of Pinduoduo, one of China’s largest e-commerce platforms. Huang, a serial entrepreneur, previously launched Xinyoudi, an online game company, and Ouku.com, an online e-commerce platform. Pinduoduo raised $1.6 billion in a July 2018 IPO in the United States, despite backlash over its alleged sale of counterfeit goods.

Zeng Yuqun: $39.1 billion

Contemporary Amperex Technology (CATL), one of the world’s major providers of batteries for electric vehicles, was founded and is led by Zeng.

BMW, Volkswagen, and Geely are among the clients of CATL, which went public on the Shenzhen Stock Exchange in 2017.

Tadashi Yanai: $38.9 billion

Tadashi Yanai founded and controls Fast Retailing, the parent company of the Uniqlo apparel chain, which is listed on the Tokyo Stock Exchange.

Theory, Helmut Lang, J Brand, and GU are among Fast Retailing’s other brands.

On revenue of $19 billion, the corporation declared a net profit of $853 million for the fiscal year ending August 2020.

William Ding: $35.7 billion

Netease, one of the world’s leading online and mobile games companies, is led by William Ding.

Mojang, a Microsoft company, and Blizzard Entertainment are among Netease’s business partners.

Faced with stiff competition from Chinese rival Tencent in the games market, Netease expanded into movies, online music, and e-commerce.

10 Richest People in the World

Names of Richest People	Fortune
Bernard Arnault & Family	$186.3 billion
Jeff Bezos	$186 billion
Elon Musk	$147.3 billion
Bill Gates	$125.5 billion
Mark Zuckerberg	$114.7 billion
Warren Buffet	$108.7 billion
Larry Ellison	$102.3 billion
Larry Page	$100.2 billion
Sergey Brin	$97.1 billion
Amancio Ortega	$89 billion

…

Worlds Richest

With a net worth of $194 billion, Amazon founder Jeff Bezos is the wealthiest person on the planet. Following him is LVMH Chief Executive Bernard Arnault, who has a fortune of S173 billion. Elon Musk, the CEO of Tesla, ranks third on the list, with a fortune of over $169 billion.

Jeff Bezos

In 1994, Jeff Bezos launched e-commerce behemoth Amazon from his Seattle garage. In July 2021, he will step down as CEO and become executive chairman.

Personal Finance

oi-Roshni Agarwal

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Published: Monday, June 14, 2021, 13:23 [IST]

State Bank of India (SBI), the country’s oldest and leading public sector bank is the most trusted financial entity in the country and commands a good market share when in it comes to retail deposits. This is even as Kotak Institutional Equities in its report released earlier this year pointed that PSBs continue to lose their market share in deposits.

Now coming to the core topic of discussion:

What to do in case you lose/misplace your SBI Fixed Deposit Receipt?

Often we lose or misplace our important financial documents and in case you also are in such a situation wherein you are not able to trace your SBI FD receipt or have misplaced it. You can first be assured that the document is not with you by searching it at all possible places where you might have kept it.

Can someone else claim your SBI FD receipt if found by him or her?

As per the SBI Banking personnel, SBI FD receipts cannot be redeemed by any other person other than the deposit holder as for the redemption or withdrawal, customer’s signatures are a must.

How to get the duplicate SBI Fixed Deposit Receipt issued?

Now in a case if you fail to find the SBI fixed deposit receipt with you and want to get the same reissued. SBI asks to fill in a form ‘Letter of indemnity with respect to lost deposit receipt’ and duly attach a Rs. 100 stamp.

The letter of indemnity of the bank read ” In consideration of your having this day delivered to me/us the undernoted securities/article covered by your safe custody or deposit receipt specified below which has been lost or mislaid I/we hereby (jointly and severally) agree to hold you harmless from and against all claims, demands and expenses in respect thereof and from and against all loss, damage, costs, charges and expenses which may be incurred or sustained by you in the event of the said safe custody/ deposit receipt being forthcoming at any future time…”

Also, the fixed deposit holder needs to mention details of the FD such as its account number and other relevant details.

Notably, FD receipt is needed at the time of redemption of the deposit or in case of premature withdrawal, so even if you prolong the re-issuance of the same in the hope that you will be able to find it, you will anyhow need the duplicate copy of the FDR in case you fail to trace the original FD receipt.

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Story first published: Monday, June 14, 2021, 13:23 [IST]