Category: Personal Finance

Top 10 Private Sector Banks Currently Providing Higher Returns On FDs

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Investment

oi-Vipul Das

|

RBI maintained the repo rate at 4.00 percent and the reverse repo rate at 3.35 percent on April 7, 2021. In comparison, the bank rate and the marginal standing facility rate are also 4.25 percent. This was done to limit the economic disruption incurred by the second wave of Covid-19. This is an alarming factor for many risk-averse investors, such as senior citizens, who rely on their FD (fixed deposit) returns not only to achieve their financial targets but also to cover their retirement life. However, there are some banks promising higher FD returns at the moment. Following a comprehensive risk analysis and if it is in accordance with their expected returns and risk tolerance, investors may take into account investing a portion of their funds in such banks. Hence, below are the top 10 private sector banks that are currently providing higher interest rates on fixed deposits. Please note that we have only looked at the highest interest rates on FDs for an amount of less than Rs 2 Cr.

Top 10 Private Sector Banks Currently Providing Higher Returns On FDs

Private Sector Bank FDs

Banks Tenure ROI for general public ROI for senior citizens W.e.f.
Yes Bank 3 Years to <= 10 years 6.75% 7.50% 8th Feb 2021
DCB Bank 36 months to 120 months 6.75% 7.25% 5th Feb 2021
RBL Bank 60 months to 60 months 1 day 6.60% 7.10% 12 April 2021
IndusInd Bank 3 to 5 years 6.50% 7.00% 30th December 2020
The Tamil Nadu State Apex Co-operative Bank 5 Years and above 6.00% 6.00% 9th December 2020
Karur Vysya Bank 3 to 5 years 6.00% 6.15% 11th Jan 2021
Bandhan Bank 1 to 3 years 5.75% 6.50% Feb 3, 2021
Axis Bank 5 years to 10 years 5.75% 6.50% 18 March, 2021
City Union Bank 551 days to 3 years 5.75% 6.25% 16 Dec, 2020
Tamilnad Mercantile Bank 1 to less than 2 years 5.75% 6.25% 1 Sept, 2020

Tax benefits on fixed deposits

The tax on FD interest is withheld according to your tax slab rate category. Add the received interest income to the net income to get the tax slab rate. If the earned interest is more than Rs 10,000 for regular investors and Rs 50,000 for senior citizens, banks and non-banking financial firms deduct TDS (Tax Deducted at Source). TDS is normally deducted at a rate of 10%; but, if the investor fails to submit a PAN card, the rate increases to 20%. Tax deductions under section 80C of the Income Tax Act of 1961 can be gained by investing in a fixed deposit for a period of five years. A limit of Rs 1.50 lakh can be claimed as a deduction in a fiscal year.

Deposit insurance benefit

If a bank defaults, a depositor’s sole coverage is the Deposit Insurance and Credit Guarantee Corporation (DICGC) which is a subsidiary of RBI. Savings accounts, fixed deposits (FD), current accounts, recurring deposits (RD), among other deposits are covered by DICGC’s insurance. Each depositor in a bank is covered up to a limit of Rs 5 lakh for both principal and interest amounts owned by her/him, according to DICGC rules. If a bank defaults and your principal deposit amount is Rs 5 lakh with that bank, you will only get this amount back, not the interest earned on your deposits. But if the total amount of the principal and interest earned is less than Rs 5 lakh, you will get the entire amount back. FDs satisfy all of your objectives, considering them a must-have for all types of investors whether you’re seeking for security, certainty, or pure convenience in terms of returns. Furthermore, because of the unifying presence of this instrument, it can be used for a variety of purposes by various types of investors.



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Best Covid 19 Health Insurance Plans In India

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Insurance

oi-Roshni Agarwal

|

Covid 19 in India is spreading in India like wild fire and India is the lone nation to have reported over 3 lakh cases in a day’s time. Now, if you are not a salaried class or do not have the employer extended health coverage, you surely cannot do without a health cover at such grave hour.

Here we will discuss some of the best Covid 19 health insurance in India:

In the current scenario, when corona cases in the country have reached such an alarming number and this coronavirus is now said to be air-borne, one despite the caution can contract the lethal virus and even though mild conditions can be treated at home, in case of severe infection one cannot do without medical help. So in case of such exigencies here are some of the best coronavirus insurance plans that can come as help to you:

What Is Coronavirus Health Insurance Policy?

This is typically to meet pre-hospitalisation, hospitalization as well as post-hospitalisation expenses together with other medical expenses owing to Covid 19. For the coverage, the health insurance covers the cost from day 1 i.e. when the patient has been tested positive. Importantly, this ailment does not falls within the pre-existing category.

Best Coronavirus Health plan

Of the different health insurance plans, to reduce the hassle in selecting health insurance IRDAI recently stressed on the launch of standardized insurance products. One can definitely by this product for complete coverage even for treatment towards corona.

Also, another option is to buy the lately launched Corona Kavach or Corona Rakshak Policy:

1. Corona Kavach Policy: COVID-19 Insurance

Indeminty based health insurance cover is a single premium health insurance plan. The plan extended family-wide coverage for treatment against coronavirus. The period of coverage is for 3.5 months, 6.5 months and 9.5 months and self, dependents , parents and parents in law can be covered under the policy.

Waiting period here is 15 days so you begin to avail the benefits soon. Furthermore on payment of extra premium one can also get daily cash benefit.

2. Corona Rakshak Policy: COVID-19 Insurance:

This is a benefit based policy and in a case if the insured is detected with Covid 19 then 100% of the sum insured value has to be given. Sum insured is in the range of Rs. 50000- Rs. 2.5 lakh and in multiples of Rs. 50000

Best Covid 19 Health Insurance Plans In India

Eligibility: A person aged between 18 and 65 years can buy the policy. Here in case the person is diagnosed with Covid 19 at a government recognized centre and also continues to be hospitalized for 72 hours then the benefits under the policy can be availed. Also, as it is a benefit based plan it does not comes with life time renewability.

Now if basis your need you have decoded which Covid 19 or standard health plan you want to pick up as a last resort as suggested with general insurance purchasing guideline, you need to check for the claim settlement ratio and basis that:

5 Best Corona Kavach health insurance plans

Health insurance company Claim settlement ratio (2018-19)
Iffco Tokio 96.57%
Magma HDI 96.41%
New India Assurance 95.92%
Oriental Insurance 94.28%
Bajaj Allianz 93.68%

5 Best Corona Rakshak health insurance plans

Health insurance company Claim settlement ratio (2018-19)
Iffco Tokio 96.57%
Oriental Insurance 94.28%
Manipal Cigna 89.5%
Future Generali 87.68%
Navi (DHFL) Health Insurance 84.31%

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National Pension System (NPS): All You Need To Know About The 5 Recent Updates

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1. Entry and exit age limit to be modified

Individuals between the age group of 18 and 65 can currently enter the NPS. The regulator is planning to hike the limit to 70 years. The proposed exit age of 70 years may be increased to 75 years. PFRDA Chairman Supratim Bandyopadhyay commented on the matter that “When we hiked the entry age to 65 from the 60 years, more than 15,000 60-plus people subscribed to the NPS. With the longevity increasing, it makes sense to hike the maximum entry and exit age to 70 years and 75 years, respectively. These are just enabling conditions – not mandatory.”

2. Exit option to be hiked

2. Exit option to be hiked

NPS contributors can withdraw 60% of their contribution after retirement, while the remaining 40% must be maintained to purchase annuity. Those who accumulate only up to Rs 2 lakh by the time they reach retirement age, on the other hand, are entitled to withdraw the entire amount. The PFRDA is planning to hike the limit to Rs 5 lakh. To put it more simply, if a subscriber has a corpus of Rs 2 lakh or less at the time of retirement, it is not necessary for that individual to purchase an annuity since the amount provided as a monthly pension is very low. Currently, under the National Pension System (NPS), once money has accumulated in the fund, one must contribute 40% of the corpus to purchase an annuity and the remaining 60% will be paid out as a lump sum until retirement at the age of 60. During a virtual meeting, PFRDA Chairman Supratim Bandyopadhyay said that “This is also an enabling condition. If a subscriber does not want to commute the full amount, they may go ahead with the annuity option.”

3. PFRDA planning to issue minimum assured return

3. PFRDA planning to issue minimum assured return

To lure more subscribers, the Pension Fund Regulatory and Development Authority (PFRDA) is working on strategies to launch new retirement benefit options, such as one that has a minimum assured return. PFRDA Chairman Supratim Bandyopadhyay said at a virtual conference that “Apart from NPS and Atal Pension Yojana (APY), we propose to have some innovative products to attract more and more customers. The first product that we are targeting is a product which will have a minimum assured return.” “The moment they (pension fund managers) start giving guarantee on products, it will have a lot of bearing on their capital requirements and capital adequacy structure,” he said. He further added that “The pension advisory committee has already given an approval to the guaranteed product. Now the actuarial firm will design it. We expect to launch it in the next one or two months.”

4. Payout options to be flexible

4. Payout options to be flexible

Subscribers must deposit 40% of their NPS deposits with one of the 12 insurance companies that the NPS has partnered with. Bandyopadhyay states that annuity rates have dropped sharply, to the point where the interest rate on a return of purchase price option in annuities ranges between 5% and 6%. Since annuities are taxable, when you factor in taxes and inflation, you end up with a poor return. This is why we want to offer innovative payout options, said Bandyopadhyay. “We are also looking at a mixture of annuity and systematic withdrawal plans. We are getting actuarial firms to look into the viability of it.” he added. To receive a decent return, the regulator is considering allowing subscribers to keep 40% of their capital with the pension fund managers. At the virtual conference he also stated that “The moment you think about such a scheme, you have to take IRDA and SEBI on the same page too so that they are clear that we are not trailing into their area.”

5. Distribution channel to be expanded

5. Distribution channel to be expanded

A distribution licence is now only available to institutions. They’re known as Point of Presence (POP). Considering the same, Bandyopadhyay said that “We are expanding the distribution channel. We are exploring if we can have individuals as our distribution partners. However, we do not have wherewithal to hire individual PoPs. Existing POP can recruit them as their sub-entities. Besides, we will soon be rationalising the commission fee for POPs as we did for pension fund managers on fund management fee.”



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Pension Goals: Looking for Lifelong Regular Income? Here’s How

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Planning

oi-Sneha Kulkarni

|

Our lifestyle aspirations have improved as a result of technological advancements. We use gadgets, appliances, and utilities that did not exist two or three decades ago. Who knows what the next 2-3 decades have in store for us?

A comprehensive retirement package that provides a large retirement corpus to policyholders in order to meet their medical costs, insurance contingencies, and other needs has become the need of the hour in the wake of the COVID-19 pandemic.

Even in our second innings of life-retirement-it is important that we have an assurance that our lifestyle goals are met.

Bajaj Allianz is offering Life Guaranteed Pension Goal, which ensures your lifestyle goals by providing a guaranteed income for the rest of your life, as per your preferences and needs.

Pension Goals: Looking for Lifelong Regular Income? Here's How

Bajaj Allianz Life Guaranteed Pension Goal Plan

Bajaj Allianz Life Guaranteed Pension Goal is a Non-Participating, Non-Linked, Individual Deferred & Immediate Annuity Plan.

Annuity Details

Your annuity sum is guaranteed at the start of the policy and is compensated on a regular basis based on your preferences. An annuity will begin right away or after a few years, depending on your choice. A joint-life annuity with a 50% or 100% annuity payable to your partner after your death is an option. Pay a lump sum and the Annuity will begin paying out as soon as the next month, depending on the Annuity frequency choice you selected. Pay a lump sum or a regular/limited premium, and the Annuity will begin paying out after the deferment period you selected at the time of purchase.

Return of capital (Purchase price)

Bajaj Allianz Life’s retirement plan also includes a return of capital (purchase price) feature, which allows policyholders to earn the entire capital back upon death, regardless of whether they have a single or joint life cover. The scheme also offers an option of return of purchase price upon survival, according to a statement released by Bajaj Allianz. The annuity or income is payable for the rest of your life in all cases.

Bajaj Allianz Life Guaranteed Pension Goal has many additional features and flexibilities, including the ability to select premium payment terms over a period of 5 to 10 years, adjust the Annuity (income) payment frequency at every policy anniversary, and even choose a single premium policy.

Customers can buy this plan online or in-person through Bajaj Allianz Life’s vast network of Insurance Consultants (Agents) and select bank partners.

How does the Plan Work?

Step-1 Choose the Deferred or Immediate Annuity option.

Step-2 Enter the Purchase price

Step-3 Choose the Annuity payout frequency

Step-4 Receive annuity payouts as per the chosen frequency

Note: The choice of an annuity must be selected at the start, and once chosen, it cannot be modified.

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ITR Sahaj Form: Know The Eligibility And Process To File It

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Taxes

oi-Vipul Das

|

ITR 1 Form is submitted by taxpayers who have a total income of up to Rs 50 lakhs from salaries, one house property, other sources of income, and agricultural income of up to Rs 5,000. Even, as stated by the tax department, providing PAN and Aadhaar card details on the official website of the Income Tax Department is mandatory from now on. In order to set a clear tax compliance framework, the income tax department has issued ITR forms for taxpayers depending on their source of income. As a result, you must file your return according to the source of your income. Now let’s discuss the eligibility required and process to file ITR Sahaj Form.

ITR Sahaj Form: Know The Eligibility And Process To File It

Eligibility required to file ITR Form 1

ITR-1 can be filed and submitted by taxpayers who earn up to Rs 50 lakhs from the sources listed below:

  • Income from one house property, except situations where a deficit from a previous year is carried forward.
  • Individuals having an income source from salary or pension
  • Individuals having income from other sources except winning from Lottery and Income from Race Horses.
  • If the minor’s or wife’s income is included, the ITR-1 can only be submitted if their source of income is as stated above.

Who are not eligible to file ITR 1 form?

  • This form cannot be filed by someone with an income of more than Rs 50 lakh.
  • Non-residents and RNOR (Residents not ordinarily resident)
  • This form cannot be filed by someone who is a director of a company or who has ever owned unlisted equity shares during the fiscal year.
  • Individuals who earn income from more than one house property, lottery, racehorses, etc.
  • Individuals who have long or short-term capital gains
  • Individuals with an agricultural income of more than Rs. 5,000.
  • Individuals with business or profession income are exempted.
  • Individuals seeking exemption from double taxation or overseas tax relief under sections 90/90A/91.
  • Residents with any asset (which include financial interest in any entity) or signed authority in any account located outside India are unable to use ITR 1.

Know about the key changes made to the ITR 1 for AY 20-21

  • Taxpayers who make cash deposits of more than Rs 1 crore with a bank, expenditure more than Rs 2 lakh on foreign travel, or spend more than Rs 1 lakh on electricity must also file ITR-1.
  • Residents who own a single property in joint ownership and have a total income of up to Rs 50 lakh can also submit ITR-1.
  • Under the ‘Nature of Employment’ section pensioners column has been inserted.
  • Under the heading “Income from other sources,” taxpayers will be required to provide accurate details on their income.
  • Salary deductions will be divided into three categories: standard deduction, entertainment allowance, and professional tax.
  • Under ‘Income from other sources,’ a new column is included for the deduction u/s 57(iia) – in the case of pension income of the family.
  • ‘Deemed to be let out property’ option is now added under ‘Income from house property’.
  • For senior citizens, a section 80TTB column has been added.

How to file ITR 1 form?

For the fiscal year 2021-22, the Income Tax Department has discontinued the excel and java-based utility and substituted them with a new offline JSON-based utility to improve the tax filing process. While filing their income tax return, taxpayers can use the new tool to import pre-filled data and update it. According to the online e-filing platform, individuals can now download and fill out the offline utility for ITR 1 & 4 (AY 2021-22). It also specified that the utility for other ITRs will be activated in the near future. The offline utility is based on “JSON” (JavaScript Object Notation), a lightweight data storage format, which is available on the e-filing portal. On computers running Windows 7 or later versions, the offline utility is accessible. The income tax return (ITR) cannot be uploaded to the e-filing platform at this time. You have the option of filling out the utility and saving it or exporting the output JSON file to your device. Whereas the tax department can have pre-filled data, JSON technology makes collecting data from other sources much faster; as a consequence, the tax department has switched from the Java utility to the JSON utility, which is now being used for GST returns. So to use the offline utilities choose the assessment year and download excel or Java or JSON utility. You must download the utility in the ‘download’ folder of your system in a compressed ZIP file format. Once done you need to extract or uncompress the ZIP file. The ZIP file must be extracted in a similar location in which the compressed utility was downloaded. You can start filing once you’ve unlocked or installed the utility. To know the step-by-step guide for installation, click here.



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Gold Up 7% This Month: Current Pricing Offers Right Entry Pt. For Long Term Investment

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Investment

oi-Roshni Agarwal

|

After seeing a sharp fall, gold prices from Rs. 44800 on April 1 to Rs. 48085 today (April 21) on the MCX have gained over 7 percent in April alone. At present what is supporting rise in gold price is retreating levels of US treasury yields as well as softer dollar.”The U.S. dollar had edged lower this morning, supporting prices, with gold’s upward momentum from overnight continuing in Asia,” OANDA senior market analyst Jeffrey Halley said.

Gold Up 7% In April: Time Is Right To Invest In Gold For Long Term

Gold Up 7% This Month: Current Pricing Offers Right Entry Pt. For Long Term Investment

“Providing that U.S. 10-year yields remain softer, gold appears to be gathering strength for a test of the 100-day moving average at $1,802 an ounce in the days ahead.”

What is supporting rise in gold prices?

Inflationary concerns led by global stimulus measures will also be supportive of gold prices in the medium to long run.

Ultra-low interest rates (dovish stance worldwide of global central banks)

Falling yield and dollar

Physical demand ahead of wedding season and festivities is also pushing gold prices higher.

“The uncertainty on the pandemic front is back. New waves and variants of the virus, and the resulting lockdowns, could trigger pullbacks in risky assets like equities. Gold could benefit from the resulting risk aversion, as happened last year,” says Chirag Mehta, senior fund manager, alternative investments, Quantum Asset Management Company.

According to Hareesh V, head of commodity research, Geojit Financial Services, “Any signs of weakness in the global economy could lift sentiment in favour of the yellow metal higher”.

Gold will also find support if equity tumbles

Equities are suggested to be highly volatile though the timeframe shall not be that long. Now if in the midst of economic slowdown amid curbs, earnings come in weak and investor turn jittery. In risk-off mode, gold will gain favour and this will again brighten the prospects of gold.

FDs also offer negative real return:

As the deposits in the current scenario of one year tenure offer nothing or rather negative real rate of return. So, in order to preserve their capital or retain their money’s purchasing power, investors find safe haven in gold.

Current prices provide an entry point into gold for long term allocation

Gold as an investment should be looked at from long term horizon of say 5 years or more to get the capital appreciation benefit.

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Corona Insurance: Who Should Buy Corona Rakshak Policy And Why?

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Major Features of Corona Rakshak Policy

  • The Corona Rakshak Scheme has a single premium payment term, which means you can pay all of your premiums in one lump sum and avoid making any more periodic payments.
  • The Corona Rakshak Policy includes an individual cover that ranges from Rs 50,000 to Rs 2.5 Lakh in coverage.
  • If the policyholder tests positive for Covid-19 at a government-approved center, 100 percent of the amount insured is charged as a lump sum to the policyholder.
  • A policyholder does not need to undergo prior medical screening in order to be eligible for this policy, and it is not required for purchasing or investing in the Corona Rakshak Policy.
  • One of the most appealing aspects of the Corona Rakshak scheme is that it has no deductibles, meaning that the medical care and monitoring are not jeopardized.
  • Persons between the ages of 18 and 65 can apply for the policy. A proposer of a higher age may purchase insurance for adult family members without protecting himself.

Benefits of Corona Rakshak Policy

Benefits of Corona Rakshak Policy

Hospitalization

If a policyholder tests positive for Covid-19 and has to be hospitalised, their hospital bills are fully protected by this benefit. This policy covers all expenses associated with the diagnosis, care, and hospitalisation for Covid-19, and the policyholder is assured of having to invest any excess funds on his own.

Treatment due to Covid

When a patient does not need to be admitted to the hospital, this feature covers all medical expenses for 14 days and allows the policyholder to use the lump sum amount for any treatment-related expenses. It’s a useful advantage that guarantees you get the best medical care possible, regardless of how long you’re in the hospital.

Payout due to Covid

The Corona Rakshak policy enables its policyholders to receive their sum assured in a lump sum format. This aspect is beneficial for policyholders under this benefit, where they can choose to use that same amount for making payments towards consumables such as PPE kits.

Compensation due to Covid

Policyholders may use this feature to request a benefit payment if they lose their income as a result of a Covid-19 diagnosis. As a result, the policy seeks to meet your financial needs and requirements, even if you lose your work.

What happens when a person tests Positive?

What happens when a person tests Positive?

On a positive diagnosis of COVID requiring hospitalisation for a minimum of 72 hours, a lump sum payout equal to 100% of the Sum Insured would be paid. A government-approved diagnostic centre must have a positive COVID diagnosis. Payment can be made only if you are admitted to the hospital for a minimum of 72 hours after receiving a positive COVID diagnosis.

Who Should Consider Corona Rakshak Policy?

If you already have health insurance but are concerned that a positive diagnosis for covid-19 will result in a loss of income, Corona Rakshak could be for you. PPEs (personal protective equipment) and other consumables are not often protected by standard health insurance plans. This is where Rakshak could come in handy. If you already have sufficient health insurance, opting for Corona Rakshak for income replacement makes sense because most insurers’ premiums are just 1-2% of the amount insured.

This is a one-time bonus that will last for the duration of the Policy and will end when it is paid.

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Interest On Income Tax Refund: Know All About It

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Taxes

oi-Roshni Agarwal

|

Income tax refund accrues to those taxpayers whose tax liability for the given financial year is lower than the tax paid either by way of tax deducted at source, tax collected at source, self assessment tax etc. And the extra amount can be claimed by filing income tax return or ITR for the particular financial year within the timeline allowed for the purpose.

Interest On Income Tax Refund: Know All About It

Interest On Income Tax Refund: Know All About It

Now if your income tax return has been processed and you have happened to receive the refund with or without the interest component, here are some facts about the interest component one should be knowing :

1. If the amount of refund is less than 10% of the determined tax on regular assessment then no interest shall be payable. Say in case of TDS of Rs. 5.98 lakh and tax liability computation of Rs. 5.48 lakh, the refund amount is less than 10% of the tax payable value so no interest shall be payable.

2. In case the refund exceeds the limit, the taxpayer will get due interest:

“If refund arises out of TDS, TCS or advance tax paid during the financial year, the interest shall be calculated at the rate of 0.5% for every month or part of month”. Interest calculation is started from the beginning of April of an assessment year.

3. Also the payment of interest on refund depends on the ITR furninishing date:

If ITR has been furnished by the assessee on or before the due date, the interest shall be payable from April 1 of the Assessment Year to the date on which the refund is granted. If the tax return is not furnished by the due date, the interest shall be payable from the date of furnishing return of income to the date on which refund is granted.

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You Can Book An LPG Gas Cylinder For Rs. 9: Here’s How

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Personal Finance

oi-Roshni Agarwal

|

Getting an LPG cylinder for cooking at a price of just Rs. 9 might seem a joke kind. But not truly as the wallet company to reduce the common man’s burden has come up with a scheme with a validity until April 30.

Now as part of the scheme, for the cylinder i.e. costing Rs. 809, you may get the cylinder for just Rs. 9 and can get the remaining amount as cashback. Note the offer is only for those who will book the cylinder for the first time via Paytm.

This scratchcard for the cashback can be opened only after the bill payment. Also remember this scratch card has a validity of only 7 days.

You Can Book An LPG Gas Cylinder For Rs. 9: Here’s How

Steps to avail Paytm cashback

Step 1: Download the Paytm App on your mobile phone.

Step 2: Book your cylinder. For this, go to Show more in the Paytm app and click. Here for the booking you would need to provide either your consumer number or your registered mobile number with the dealer.

Step 3: Then click on Recharge and Pay Bills.

Step 4: You will see the option of book a cylinder. Here, select your gas provider.

Step 5: Before booking, you have to enter the promo code of FIRSTLPG.

Step 6: You will get a cashback scratch card within 24 hours of booking.

Step 7: This scratch card has to be used within 7 days.

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This Pharma Company To Get Boost From Vaccination For All Above 18 Yrs

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Investment

oi-Roshni Agarwal

|

Even as Chinese relation, made some of the analysts to recommend an ‘avoid’ to the stock of Gland Pharma at first during the IPO, ever since its debut the pharma scrip has gained magnificently. And now as the Sputnik V vaccine has received an approval, the stock has been on fire.

Gland Pharma is close to double its initial issue price and on Tuesday (April 20, 2021) scaled to its fresh high of Rs. 2879 per share on the BSE. On the NSE, the stock’s high made has been Rs. 2873.

This Pharma Company To Get Boost From Vaccination For All Above 18 Yrs

The stock debuted on the bourses in November 2020 and now is quoting at nearly 92% gain in comparison to its issue price of Rs. 1500 shares apiece.

And now for the vaccination, the company has entered into collaboration with RDIF for supplying up to 252 million doses of the shots. It is also in talks with several other vaccine developers, including Pfizer, to manufacture and supply shots, said analysts at Motilal Oswal Financial Services Ltd.

Outlook for Gland Pharma stock

“We expect at $3.5 price per dose at 25-30% capacity utilisation for domestic market, Gland Pharma could add Rs1,500 crore sales (EBITDA margins 15%)” said analysts at Axis Securities Ltd. This could add incremental EPS of Rs6.4 a share and about Rs200 value per share to Gland Pharma’s share price.

Other favourables

Multiple marketing working model

No regulatory hurdle

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