Category: Personal Finance

1 Finance, 1 Hotel And 1 Auto Ancillary Stocks To Buy According to ICICI Securities

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Buy Indian Energy Exchange with upside of 18%

The Indian Energy Exchange (IEX) is the country’s leading electrical exchange, facilitating electricity transactions.

Long term outlook positive

ICICI Securities recommends buying this finance stock for a target price of Rs. 910 i.e. an upside of 18 percent from the last closing price of Rs. 770.

Target Price and Valuation of Indian Energy Exchange

Target Price and Valuation of Indian Energy Exchange

“For the past year, IEX has remained richly valued given its clean balance sheet, near monopoly, regulatory tailwinds and introduction of newer products, which will drive strong double-digit volume growth in the medium term. We continue to remain positive and retain our BUY rating on the stock. Target Price and Valuation: We value IEX at Rs 910 i.e. 58x P/E on FY24E EPS,” the brokerage has said.

Reasons to consider:

  • After the Supreme Court resolved a dispute between the Central Energy Regulatory Commission (CERC) and the Securities and Exchange Board of India (Sebi), electricity can now be traded on exchanges like other commodities, with forwarding contracts and derivatives.
  • This agreement will pave the way for the implementation of longer-term delivery contracts on electricity exchanges, with IEX as a beneficiary.
  • This will increase volumes while also introducing new products to the market.
  • From FY24E onwards, a shift in power buying patterns from power purchase agreements (PPAs) to the short-term market, facilitated by MBED, is likely to result in a significant increase in volumes. This can help power exchanges like IEX gain traction in terms of volume growth.

Buy Motherson Sumi with upside potential of 17%

Buy Motherson Sumi with upside potential of 17%

Motherson Sumi (MSS) primarily serves the global PV industry with key product lines such as wiring harnesses, vision systems (mirrors), and plastic body parts.

ICICI Securities recommends buying this Auto Ancillary stock for a target price of Rs. 280 i.e. an upside of 17 percent from the last closing price of Rs. 240.

Reasons to consider:

  • CIM Tools, a Bengaluru-based company that specialises in machining, treatment, sub-assembly, and testing of intricate aircraft parts, was acquired for a 55 percent interest. It had sales of Rs 129 crore in FY21and a backlog of orders worth >Rs 1,500 crore that can be fulfilled over the following five years.
  • Through its 50:50 JV Ningbo SMR Huaxiang Automotive Mirrors, the company’s SMR subsidiary purchased a 60 percent stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co. in China. In China, the latter produces mirrors for PVs, pickup trucks, and light and heavy CVs. The acquisition was carried out at a rate of 0.4x CY20 P/S.
  • This company provides parts to automakers such as Ford and Isuzu.

Target Price and Valuation of Motherson Sumi

Target Price and Valuation of Motherson Sumi

“MSS stock price has grown at ~10% CAGR from ~| 147 levels in October 2016, widely outperforming the Nifty Auto index. MSSL’s acquisition in the aerospace is strategic in nature wherein MSSL will now have access to marquee clients (Airbus, Boeing) in this space amid enhanced capabilities. This represents progress on outlined MSSL’s desire for diversification (non-automotive to form 25% of revenues in future). We retain BUY rating on the stock amid limited EV risk to its product profile.

Target Price and Valuation: Revising our forward estimates, we now value MSSL at Rs 280 i.e.30x P/E on FY23E EPS of Rs 9.3 (previous target price of Rs 270),” the brokerage has said.

Buy Indian Hotels with upside potential of 16%

Buy Indian Hotels with upside potential of 16%

Indian Hotels, with a room inventory of 19,425 rooms, has a diverse presence in the hotel sector, including brands such as Taj, Vivanta, SeleQtions, and Ginger.

ICICI Securities recommends buying this hotel stock for a target price of Rs. 240 i.e. an upside of 16 percent from the last closing price of Rs. 207.

Reasons to consider according to brokerage

  • In the leisure destinations, the company is seeing a lot of demand for rooms. Some leisure destinations’ revenue per occupied room (RevPAR) has already surpassed pre-pandemic levels, indicating a positive trend along with an increase in the average length of stay from two to four days to five to seven days.
  • From Q2 onwards, the corporate category, which had been a laggard due to the work-from-home culture until Q1FY22, is gaining traction.
  • International destinations such as the United States, the United Kingdom, and Dubai are rebounding, with demand reaching 55-60% of pre-Covid levels in Q2 compared to 39% in Q1FY22.

Target Price and Valuation of Indian Hotels

Target Price and Valuation of Indian Hotels

“The balance sheet provides strong levers to growth while efficient operations would drive healthy margin expansion. We remain positive on the company and maintain our BUY rating. Target Price and Valuation: We value IHCL at Rs 240 i.e.31x FY23E EV/EBITDA,” the brokerage said.

Over FY21-23E, we anticipate a solid 62.9 percent revenue CAGR. Expect business to rebound to 93 percent of pre-Covid levels in FY23E, with EBITDA exceeding pre-Covid levels in FY23; margins to reach above 24 percent in FY23E, with the potential to reach 30 percent or higher. Improved cash flows, equity infusion, and disposal of non-core assets are all helping to keep debt under control.

Disclaimer

Disclaimer

The above-listed stocks to buy are picked from the brokerage report. Please note investing in stocks is subject to market risks and one needs to be cautious at this point of time as markets have gone up sharply. Neither the author, nor Greynium Information technologies Pvt Ltd would be responsible for losses incurred based on a decision made from this article.



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Importance Of Pradhan Mantri Vaya Vandana Yojana (PMVVY) For Senior Citizens, By LIC

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Personal Finance

oi-Kuntala Sarkar

|

Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a subsidized pension scheme for Indian senior citizens aged 60 years and above, offered by the union government. On behalf of the union government, the Life Insurance Corporation of India (LIC) administers the PMVVY for senior citizens. The uniqueness of the scheme is there is no upper limit of age considering the subscription of the scheme. The term of this pension scheme is 10 years. The total amount of purchase price under this Scheme allowed to a senior citizen cannot exceed Rs. 15 lakhs.

Pradhan Mantri Vaya Vandana Yojana (PMVVY) For Senior Citizens, By LIC

The interest rate or the rate of assured return

The government mentioned, the Pradhan Mantri Vaya Vandana Yojana (PMVVY) will provide an assured rate of return of 7.40% p.a. payable monthly (that is equivalent to 7.66% PA). You will get the benefit of the same interest rate that was fixed at the time of purchase for the entire 10 years policy term, even if the rate changes later. However, the interest rate has been changed by the government now. Earlier, this scheme was used to fetch 8.00% PA interest payable monthly. So, although the scheme will give you an assured income, the interest rate is being reduced now. However, it certainly gives better interest than few other investment opportunities.

The minimum and maximum pension available

Mode of pension (INR) monthly quarterly Half yearly yearly
Minimum pension 1000 3000 6000 12000
Maximum pension 9250 27750 55500 111000

The minimum and maximum purchase price

Mode of pension (INR) monthly quarterly Half yearly yearly
Minimum purchase 162162 161074 159574 156658
Maximum purchase 1500000 1489933 1476064 1449086

Benefits on survival

You can get the pension payment monthly/quarterly/half-yearly or yearly basis and the first installment of the pension you will get after 1 year, 6 months, 3 months, or 1 month from the date of purchase, according to your chosen mode of payment. As the tenure of the plan is 10 years, on survival of the policy term, pension in arrears will be paid to the subscriber, according to the payment mode chosen, like – monthly/quarterly/half-yearly or yearly. Additionally, on survival of the pensioner to the end of the policy term of 10 years, the purchase price along with the final pension installment will be paid by the LIC to the subscriber.

Benefits on death

If the pensioner dies during the policy, he/she will receive death benefits, mentioned in the plan. As the government mentions, “On the death of the Pensioner during the policy term of 10 years, the Purchase Price shall be refunded to the beneficiary.”

According to the government, the scheme will be available for sale up to March 31, 2023. Benefits on survival

You can get the pension payment monthly/quarterly/half-yearly or yearly basis and the first installment of the pension you will get after 1 year, 6 months, 3 months, or 1 month from the date of purchase, according to your chosen mode of payment. As the tenure of the plan is 10 years, on survival of the policy term, pension in arrears will be paid to the subscriber, according to the payment mode chosen, like – monthly/quarterly/half-yearly or yearly. Additionally, on survival of the pensioner to the end of the policy term of 10 years, the purchase price along with the final pension installment will be paid by the LIC to the subscriber.

Benefits on death

If the pensioner dies during the policy, he/she will receive death benefits, mentioned in the plan. As the government mentions, “On the death of the Pensioner during the policy term of 10 years, the Purchase Price shall be refunded to the beneficiary.”

According to the government, the scheme will be available for sale up to March 31, 2023. The Surrender Value payable under this Scheme will be 98% of the purchase price.

Story first published: Tuesday, October 12, 2021, 10:00 [IST]



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5 Best Flexi Cap Funds For SIP In 2021 Based On 5-Star Rating of Value Research

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Why should you invest in flexi cap mutual funds in the bull market phase?

Flexi cap funds have had a strong inflow due to their asset allocation technique throughout the bull market. Flexi-cap funds invest in companies with a range of market capitalizations, such as large-cap, mid-cap, and small-cap equities. When it comes to the well-diversification of your portfolio across companies with varying market capitalizations, commencing a Systematic Investment Plan (SIP) in Flexi cap funds can be a good bet where the market is soaring at a record high.

According to the guidelines of SEBI, Flexi cap mutual funds are open-ended dynamic equity funds having a minimum of 65 percent of total assets across equity and equity-related securities. Flexi cap funds can be a suitable investment approach for investors with a moderate to high-risk appetite and a 5-year investment horizon seeking to diversify their portfolio across different market cap categories.

Investing in Flexi cap funds will make your equity portfolio well hedged between risk and return, resulting in wealth growth and inflation-beating returns to investors by making their equity allocation across large-cap, mid-cap, and small-cap market segments.

When the market is at a record high, equity investors may expect volatility and a bear market phase as a consequence, it is advisable to start a SIP in the top-performing flexi cap funds for higher risk-adjusted returns in the long run, than investing directly in pure big cap or mid-cap funds. So based on the rating of 5-star assigned by Value Research, here we have selected 5 flexi cap funds you can consider to start SIP in 2021.

Canara Robeco Flexi Cap Fund Direct Growth

Canara Robeco Flexi Cap Fund Direct Growth

It is a multi-cap mutual fund scheme from Canara Robeco Mutual Fund that was launched in 2003. The product has a 0.55 percent expense ratio, which is lower than most other funds in the same category. The 1-year returns for Canara Robeco Flexi Cap Fund Direct-Growth are 58.93 percent.

It has generated a CAGR of 16.38 percent since its inception. The financial, technology, automobile, construction, and healthcare sectors are all represented in the fund’s equity allocation. HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., Reliance Industries Ltd., and Housing Development Finance Corpn. Ltd. are the fund’s top five holdings. The fund’s Net Asset Value (NAV) is Rs 247.83 crore, and its Asset Under Management (AUM) is Rs 6,063.79 crore as of October 8, 2021.

Value Research has given the fund a 5-star rating, and you may start a SIP with a minimum of Rs 1000. If purchased units are redeemed within one year of the investment date, the fund imposes a 1% exit load.

Period Canara Robeco Flexi Cap Fund – Dir – Growth Scheme Benchmark (S&P BSE 500 TRI) Additional Benchmark (S&P BSE Sensex TRI)
CAGR since Inception 16.38 % 15.35 % 14.90 %
1 Year 58.93 % 63.10 % 56.96 %
3 Year 23.49 % 19.73 % 19.03 %
5 Year 19.23 % 16.80 % 17.60 %
Comparative performance of Canara Robeco Flexi Cap Fund – Dir – Growth as of Sep 30, 2021. Source: canararobeco.com

IIFL Focused Equity Fund Direct Growth

IIFL Focused Equity Fund Direct Growth

IIFL Focused Equity Fund Direct-Growth is a multi-cap mutual fund scheme launched by the fund house IIFL Mutual Fund in the year 2014. The fund’s expense ratio is 0.9 percent, which is comparable to the expense ratios charged by most other flexi cap funds. According to ETMoney, the IIFL Focused Equity Fund Direct-Growth returns over the last year have been 64.76 percent, with an average annual return of 18.90 percent since its introduction.

The equity allocation of the fund is spread throughout the financial, technology, automobile, construction, and communication sectors. ICICI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., Axis Bank Ltd., and Larsen & Toubro Ltd. are the fund’s top five holdings. Value Research has given the fund a five-star rating, reflecting its past performance in terms of providing returns in both bull and bear market phases.

As of October 8, 2021, the fund’s Net Asset Value (NAV) is Rs 33.28 crore, and its Asset Under Management (AUM) is Rs 2,366.02 crore. You may start a SIP with as little as Rs 1000, and the fund has a 1% exit load which investors need to consider before investing.

Parag Parikh Flexi Cap Fund Direct-Growth

Parag Parikh Flexi Cap Fund Direct-Growth

Parag Parikh Flexi Cap Fund Direct-Growth is a multi-cap fund and the returns of the fund during the last year have been 60.58 percent and it has returned an average of 22.12% each year since its inception according to ETMoney. The fund’s expense ratio is 0.87 percent, which is comparable to the expense ratios charged by most other funds in the same category. The fund invests heavily in the Technology, Financial, Services, FMCG, and Automobile sectors. Bajaj Holdings & Investment Ltd., ITC Ltd., Alphabet Inc Class A, Amazon.com Inc. (USA), and Microsoft Corporation are the fund’s top five holdings (US).

Value Research has given the fund a 5-star rating and it has a Net Asset Value (NAV) of Rs 53.27 crore as of 8th October 2021. Parag Parikh Flexi Cap Fund Direct-Growth has an Asset Under Management (AUM) of Rs 16,075.87 Cr. If units are redeemed or transferred within one year, the fund charges a 2% exit load; if units are redeemed after one year, the fund charges a 1% exit load. With a minimum amount of Rs 1000, you can start SIP in this fund.

PGIM India Flexi Cap Fund Direct-Growth

PGIM India Flexi Cap Fund Direct-Growth

In the year 2015, the fund company PGIM India Mutual Fund introduced the PGIM India Flexi Cap Fund Direct-Growth, a Multi Cap mutual fund plan. According to ETMoney statistics, PGIM India Flexi Cap Fund Direct-Growth returns for the previous year were 77.12 percent, and since its debut, it has generated an average annual return of 18.13 percent.

The fund’s equity allocation is split across the financial, construction, technology, healthcare, and engineering industries. Infosys Ltd., ICICI Bank Ltd., Larsen & Toubro Ltd., State Bank of India, and Tata Consultancy Services Ltd. are the fund’s top five holdings. The fund has a 5-star rating from Value Research with a Net Asset Value (NAV) of Rs 30.04 crore as of October 8, 2021. The Asset Under Management (AUM) of PGIM India Flexi Cap Fund Direct-Growth is Rs 2,416.35 crore.

The fund charges an exit load of 0.5 percent if units of more than 10% are redeemed within 90 days of the purchased date. SIP in this fund can be started from Rs 1000 per month.

UTI Flexi Cap Fund Direct-Growth

UTI Flexi Cap Fund Direct-Growth

UTI Flexi Cap Fund Direct-Growth is a multi-cap scheme from the fund house UTI Mutual Fund that has been performing for the past 8 years. According to ETMoney, UTI Flexi Cap Fund Direct-Growth returns over the last year have been 67.33 percent, with an average annual return of 18.52 percent since its debut.

The fund’s expense ratio is 1.09 percent, which is much higher than most other funds in the same category. The fund’s equity allocation is balanced across the financial, technology, healthcare, services, and chemical industries. Bajaj Finance Ltd., HDFC Bank Ltd., Larsen & Toubro Infotech Ltd., Kotak Mahindra Bank Ltd., and Housing Development Finance Corpn. Ltd. are the fund’s top five holdings. Value Research has given the fund a five-star rating, indicating the fund’s high performance.

The fund’s Net Asset Value (NAV) as of October 8, 2021 is Rs 281.11. The fund’s Asset Under Management (AUM) is Rs 23,598.72 Cr. If more than 10% of acquired units are redeemed within one year of the purchase date, the fund imposes a 1% exit load. With a minimum monthly contribution of Rs 500, you can start SIP in UTI Flexi Cap Fund.

Best Flexi Cap Funds In 2021

Best Flexi Cap Funds In 2021

Based on Value Research’s 5-star rating, historical performance, low expense ratio, and NAV, we’ve compiled a list of the top Flexi cap mutual funds to start SIP in 2021.

Fund 1 mth returns 6 mth returns 1 Yr returns 3 Yr returns 5 Yr returns
Canara Robeco Flexi Cap Fund Direct-Growth 2.30% 25.18% 56.39% 26.77% 19.31%
IIFL Focused Equity Fund Direct-Growth 3.19% 27.02% 64.76% 32.99% 20.25%
Parag Parikh Flexi Cap Fund Direct-Growth 3.41% 28.57% 60.58% 30.33% 22.73%
PGIM India Flexi Cap Fund Direct-Growth 3.12% 29.99% 77.12% 34.63% 21.74%
UTI Flexi Cap Fund Direct-Growth 3.27% 24.59% 67.33% 28.85% 20.07%
Source: Groww

Disclaimer

Disclaimer

The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice 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 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



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Sensex, Nifty capture new heights; auto, banking shares shine, BFSI News, ET BFSI

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Mumbai, Equity benchmarks Sensex and Nifty on Monday scaled new peaks by continuing their winning run to the third session in a row, propelled by gains in mainly auto, power and banking shares.

After scaling a new intraday high of 60,476.13 during the session, the 30-share Sensex closed 76.72 points or 0.13 per cent higher at 60,135.78 – marking its new closing high as well.

Similarly, the Nifty rose 50.75 points or 0.28 per cent to its all-time closing high of 17,945.95. Intraday, the NSE gauge touched a new peak of 18,041.95.

Maruti was the top gainer in the Sensex pack, rallying nearly 4 per cent, followed by PowerGrid, ITC, NTPC, SBI, M&M, Kotak Bank and HDFC Bank.

On the other hand, TCS was the top loser on the Sensex, shedding over 6 per cent, after the company’s Q2 earnings missed street expectations.

According to an Emkay Global note, TCS Q2 operating performance missed expectations, reporting lower-than-expected revenue and earnings before interest, taxes and corporate overhead or management (EBITM).

The company on Friday reported a 14.1 per cent rise in consolidated net profit at Rs 9,624 crore in the September 2021 quarter.

Following suit, Tech Mahindra, Infosys, HCL Tech and Reliance Industries fell up to 2.76 per cent.

Sectorally, BSE utilities, power, auto, metal, realty and bankex rose up to 2.80 per cent, while IT, teck, telecom and energy fell up to 2.87 per cent.

Broader midcap and smallcap indices rose up to 0.60 per cent.

Indian markets started on a positive note following positive Asian market cues as investors took comfort on news of opening up more vaccinated travel lanes in 8 countries as COVID cases declines, said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.

“During the afternoon session, markets continue to trade handsomely as broad gains in rate sensitive counters, viz, auto, realty and utility. Traders also took support as data showed country’s exports growing at a healthy rate. Exports have touched USD 197 billion during April-September this fiscal.

“Additional optimism came in as foreign portfolio investors (FPIs) remained net buyers to the tune of Rs 1,997 crore so far in October,” he added.

Elsewhere in Asia, bourses in Hong Kong and Tokyo ended with gains, while Shanghai was in the red.

Stock exchanges in Europe were largely trading with losses in mid-session deals.

Meanwhile, international oil benchmark Brent crude rose 2.12 per cent to USD 84.14 per barrel.

The Indian rupee ended 37 paise lower at 75.36 against the US dollar on Monday. PTI ANS MKJ



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Bharti AXA Life Launches Bharti AXA Life Unnati: Check Details

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Insurance

oi-Sneha Kulkarni

|

Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, one of India’s largest trade groups, and AXA, one of the world’s largest insurance firms, announced the launch of Bharti AXA Life Unnati, a new product participatory savings plan.

Bharti AXA Life Unnati, according to the company, is a comprehensive product that includes four plan options, a flexible premium payment term, and several rider add-ons. Customers can modify the product to meet their own needs and life objectives.

Bharti AXA Life Launches Bharti AXA Life Unnati: Check Details

The plan provides reasonable life insurance coverage as well as savings benefits, allowing you to safeguard your family’s future and plan for various life goals.

Key Benefits of Bharti AXA Life Unnati Plan

  • Multiple Plan Options
  • Waiver of Premium
  • Enhanced Protection
  • Tax Benefits
  • Flexibility in Policy Terms

Bharti AXA Life Unnati is a comprehensive product with four plan options, flexible premium payment terms, and a variety of endorsement add-ons. Customers can personalise the product to meet their own demands and objectives.

The following are the four plan alternatives available under this plan:

Moneyback Option

This option provides a guaranteed moneyback equivalent to one annualised premium every fourth year during the policy term, as well as a lumpsum payment at the policy’s conclusion.

Immediate Income Option

From the second policy year onwards, delivers ongoing income in the form of cash bonuses (if reported), as well as a lump sum payment at maturity.

Whole Life Income Option

Starting in the second year, this option provides a fixed income with cash bonuses (if claimed) until you reach the age of 100. This is a ‘4G’ scheme that can assist cover the costs of three generations while also ensuring a profit.

Endowment Option

This option gives a lump sum payment, allowing the policyholder to achieve long-term objectives. The plan option also comes in two flavors: one with premiums waived in the event of the life insured’s death, and the other with a larger life cover choice.

Mr. Parag Raja, Managing Director & Chief Executive Officer, Bharti AXA Life, remarked at the launch of Bharti AXA Life Unnati, “At Bharti AXA Life, we have imbibed a culture of being tenacious in our approach to serve clients with innovative solutions.” We created Unnati, a complete life insurance plan for customers at all stages of life, with evolving customer demands in mind. It not only provides instant guaranteed income options and security up to the age of 100, but it also assists consumers in achieving important life goals by removing uncertainty. We will continue to harness innovation and grow on our objective to help clients.

In all of these options, death cover applies throughout the policy term, and the death benefit is paid to the family in the event of the life insured’s untimely death (nominee or beneficiary).

Story first published: Monday, October 11, 2021, 17:22 [IST]



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5 Best IPOs Of 2021 That Have Made Investors’ Richer By A Huge Quantum

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Investment

oi-Roshni Agarwal

|

IPOs are drawing investors’ attention for long now as they enable investors to multiple their wealth in a short time say with a good listing premium. In fact the upcoming IPOs are said to be even more promising as a number of start ups are poised to enter the D-Street. Now as there confirmed that Nykaa and PolicyBazaar are likely to come up with their IPOs soon, here we provide how the previous IPOs performed since they came in 2021:

5 Best IPOs Of 2021 That Have Made Investors' Richer By A Huge Quantum

5 Best IPOs Of 2021 That Have Made Investors’ Richer By A Huge Quantum

1. Nazara Technologies:

The gaming company is the only entity listed in the Indian stock markets. The company is a diversified gaming as well as sports platform with presence in developed markets, including Africa as well as North America. The company’s offerings include the interactive gaming, eSports and gamified early learning ecosystems.

Now coming to its IPO which was released on March 2021 at an issue price of Rs. 1101 last traded at a price of Rs. 3200 and in fact hit 52 week high in today’s trade of Rs. 3356 per share on the NSE.

2. MTAR Tech:

This is an aerospace and defence company providing all the machining solutions. The company is a leading players in precision engineering industry engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns) and in critical assemblies, to serve projects of high national importance. Started in the year 1970, the company caters to Indian Civilian Nuclear Power program, Indian Space program, Indian Defence , Global Defence, as well as Global Clean Energy sectors.

3. Nureca:

The medical equipment/supplies/accessories firm typically enables in diagnosing critical conditions. The company has to its pride 50 plus USFDA approved products and also a good sales history of its product line.

The company’s services include in areas such as chronic disease, mother and child, lifestyle and fitness, nutrition, orthocare and connected devices.

4. Paras Defence:

This company is a truly ‘Make in India’ entity with expertise across Defence Electronics, Defence & Space Optics etc.

All of the investors’ invested or not are worrying on when will the upper circuit trend in the stock discontinue. This has been the blockbuster IPO listing of the year 2021 and since listed has provided a return to the tune of

5. Tatva Chintan:

This company’s IPO came up in July at an issue price of Rs. 1038 and last traded at Rs. 2400 almost more than doubling its price in a span of less than 3 months.

Tatva Chintan is leading Chemical Manufacturer, Exporter & Supplier of quality Hydroxide specialty chemicals, QUATS same as global pharmaceutical companies.

IPO Issue price LTP % gains since IPO
Nazara Technologies Rs. 1101 Rs. 3200 190%
MTAR Tech Rs. 575 Rs. 1749 204%
Nureca Rs. 400 Rs. 2067 416%
Paras Defence Rs. 175 Rs. 660 277%
Ami Organics Rs. 1038 Rs. 2400 130%



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Top 5 Performing NSE Finance Stocks That Doubled Investors Money In One Year

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Bajaj Finserv

The company saw a quarterly sales decline of 9.34 percent, the lowest in the prior three years. The stock returned 213.83 percent over three years, compared to 73.21 percent for the Nifty 100 index. The company saw a quarterly sales decline of 9.34 percent, the lowest in the prior three years. Over a three-year period, the stock generated a 213.83 percent return, compared to 78.94 percent for Nifty Financial Services. In the past year, the stock has 204% to trade at Rs 17,978 on October 11, 2021.

Since June 27, 2008, Bajaj Finserv Ltd. has issued 14 dividends. Bajaj Finserv Ltd. has issued an equity dividend of Rs 3.00 per share in the last 12 months.

State Bank of India

State Bank of India

Over the last four years, the bank’s gross and net nonperforming assets (NPA) percentages have steadily decreased to 4.98 percent and 1.5 percent, respectively. Over the last three years, net profit per employee has been steadily increasing, with a 43.05 percent increase last year. The stock returned 74.71 percent over three years, compared to 73.21 percent for the Nifty 100 index. Over a three-year period, the stock returned 74.71 percent, while the Nifty Bank provided investors a 54.01 percent return.

Since July 2, 2001, the State Bank of India has announced 20 dividends. State Bank of India has issued an equity dividend of Rs 4.00 per share in the last 12 months. This converts to a dividend yield of 0.87 percent at the current share price of Rs 459.55.

Bajaj Finance

Bajaj Finance

Bajaj Finance, founded in 1987, is a Large Cap business in the NBFC industry with a market capitalization of Rs 470,359.95 crore. The stock returned 257.62 percent over three years, compared to 73.21 percent for the Nifty 100 index. Over a three-year period, the stock generated a 257.62 percent return, compared to 78.94 percent for Nifty Financial Services.

Bajaj Finance Ltd. has issued an equity dividend of Rs 10.00 per share in the last 12 months. Since June 29, 2001, Bajaj Finance Ltd. has declared 22 dividends.

This equates to a dividend yield of 0.13 percent at the current share price of Rs 7856.00.

Cholamandalam Investment & Finance

Cholamandalam Investment & Finance

Cholamandalam Investment & Finance Firm Ltd., founded in 1978, is a Large Cap company in the NBFC sector with a market cap of Rs 47,173.46 crore. The stock returned 156.42 percent over three years, compared to 73.21 percent for the Nifty 100 index. Over a three-year period, the stock achieved a 156.42 percent return, compared to 78.94 percent for Nifty Financial Services.

Cholamandalam Investment & Finance Company Ltd. distributed an equity dividend of Rs 2.00 per share in the last 12 months.

This converts to a dividend yield of 0.35 percent at the current share price of Rs 574.60. Since July 9, 2001, Cholamandalam Investment & Finance Company Ltd. has announced 33 dividends.

Shriram Transport

Shriram Transport

Shriram Transport Finance Business Ltd., founded in 1979, is a Large Cap company in the NBFC sector with a market capitalization of Rs 35,609.45 crore. The stock returned 27.2 percent over a three-year period, compared to 73.21 percent for the Nifty 100. Over a three-year period, the stock had a 27.2 percent return, compared to 78.94 percent for Nifty Financial Services.

Since September 29, 2000, Shriram Transport Finance Company Ltd. has declared 44 dividends. Shriram Transport Finance Company Ltd. has issued an equity dividend of Rs 18.00 per share in the last 12 months. This equals a dividend yield of 1.35 percent at the current share price of Rs 1331.35.

5 Performing Finance Stocks That Doubled Investors Money In One Year

5 Performing Finance Stocks That Doubled Investors Money In One Year

Company Price in Rs. 1-Year Return
Bajaj Finserv 17,982.25 198.87
State Bank of India 460.00 139.16
Bajaj Finance 7,894.10 132.45
Cholaman.Inv.&Fn 575.65 126.33
Shriram Transport 1,335.95 108.27



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Income Tax Return: 4 Benefits of Filing ITR Early

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Taxes

oi-Vipul Das

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The Central Board of Direct Taxes (CBDT) extended the deadlines for filing Income Tax Returns (ITRs) and different audit reports for the Assessment Year 2021-22 till December 31, 2021. Due to the fact that taxpayers have two more months to submit their income tax returns online, the country’s largest lender, State Bank of India, has compiled a list of the advantages of doing so early.

Income Tax Return: 4 Benefits of Filing ITR Early

Benefits of filing income tax returns early

Yesterday SBI tweeted that “You get exciting benefits on filing your ITR early with Tax2win on YONO. Besides FREE filing, you also get early refunds, enough time to reconcile, and more.” According to the bank, the benefits of filing income tax return early are as follows:

  • Get the lowest price for early birds
  • Early filing, early refunds
  • Avoid last-minute hassle
  • Get enough time to rectify errors, if any

How to apply for an income tax return with SBI?

SBI customers who want to file their income tax returns early in order to experience the above-said benefits can do so through SBI YONO App for free. Before commencing the filing procedure they are required to keep certain documents handy such as PAN Card, Aadhaar Card, Form-16, interest income certificates, investment proof or records along with tax deduction records. Including the free application procedure of filing ITR, SBI customers will also get eCA assistance at just Rs 199 and the offer is valid till 31st October 2021. To file your income tax returns for free, follow the steps listed below:

  • Sign in to your YONO SBI account
  • Head to the “Shop & Order” section and click on “Tax & Investment”
  • Now click on “Tax2win” in order to proceed further.

Important due dates of filing income tax return you need to know

Apart from the extension of the due date of furnishing of Return of Income for the Assessment Year 2021-22 till 31st December 2021, CBDT in the previous month had also extended the due dates which taxpayers and stakeholders must keep in mind:

  • The deadline for filing a report of audit under any provision of the Act for the previous fiscal year 2020-21, which was previously extended to the 31st of October, is now extended to the 15th of January, 2022.
  • The deadline for people entering into international transactions or specified domestic transactions under section 92E of the Act for the previous year 2020-21, which was previously extended to 30 November 2021, is now extended to 31 January 2022.
  • The deadline for filing the Return of Income for the Assessment Year 2021-22, which was previously extended to 30 November 2021 under sub-section (1) of section 139 of the Act, is now extended to 15 February 2022.
  • The deadline for filing the Return of Income for the Assessment Year 2021-22, which was previously extended to the 31st December 2021 under sub-section (1) of section 139 of the Act, is now extended to the 28th February 2022.
  • The effective deadline for submitting a belated/revised Return of Income for the Assessment Year 2021-22, which was previously extended to 31st January 2022 under sub-section (4)/sub-section (5) of section 139 of the Act, is now extended to 31st March 2022.

Story first published: Monday, October 11, 2021, 14:20 [IST]



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Foreign holdings of Chinese bonds jump in September as policy easing seen, BFSI News, ET BFSI

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Global bond investors bought Chinese government bonds (CGBs) in September at the fastest pace since January ahead of their inclusion in a major global index and as investors raised bets for policy easing to support slowing economic growth.

Offshore bondholders held CGBs worth 2.28 trillion yuan ($354.26 billion) at the end of September, according to data released on the weekend by China Central Depository & Clearing Co.

That was a record, and up 3.5% from a month earlier according to Reuters calculations, the biggest percentage increase since January.

The rise comes despite concern among global bondholders of possible contagion risks from a debt crisis at cash-strapped developer China Evergrande Group that has driven Chinese high-yield spreads to their widest level on record.

Indeed, some investors see an upside for Chinese sovereign debt as authorities take steps to stabilise slowing growth and ease pressure on a weak real estate market.

“I think policy in China is way too tight. I think it will get tighter as people reassess credit risk in China and that’s why the economy is slowing down sharply,” said Ariel Bezazel, head of fixed income strategy at Jupiter Asset Management.

“We think that the yield curve will shift down, and probably shift down quite dramatically as the Chinese authorities have to cut rates pretty aggressively,” he said, adding that he “wouldn’t be surprised” if the Chinese yield dipped below 2% in the next year.

The yield on China’s benchmark 10-year bond stood at 2.905% on Monday.

This month will see the start of the inclusion of China in the FTSE Russell WGBI index, which could see large amounts of passive investments flow into China’s debt markets, though Japan’s Government Pension Investment Fund (GPIF) has said it will not invest in the bonds.

($1 = 6.4360 Chinese yuan) (Reporting by Andrew Galbraith in Shanghai and Alun John in Hong Kong; Editing by Kim Coghill)



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A future yardstick or just another buzz word?, BFSI News, ET BFSI

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BY: Harsh kumar

Businesses around the world are moving towards a more actionable and measurable sustainable development approach through Environment, Social, and Governance (ESG) reporting. It seems to be an attractive proposition for investors who prefer more environmentally, socially responsible companies over just profit-making organisations. ESG, according to various reports, could potentially facilitate more corporate accountability in terms of its performance.

According to a survey by rating agency CRISIL, over 80% of issuers and institutional investors intend to integrate ESG in their decision-making.

“Investor community not just looks at investment opportunities but also considers risks associated during the recovery as well as structured exit from an investment. Sectors that lack long term sustained growth may find it difficult to secure equity and quasi-equity investments since we all know that equity is costlier to debt. New ideas and investment opportunities without long term vision will find fewer investors,”Inderjeet Singh, director at Deloitte India.

Regulatory bodies and government institutions are continuing to encourage ESG reporting, with Securities and Exchange Board of India stating that a Business Responsibility and Sustainability Report (BRSR) will be mandatory from FY23 for the top 1000 listed companies, by market capitalization. SEBI said that this would replace the existing Business Responsibility Report (BRR).

ETCFO discussed with Inderjeet Singh, about the challenges, strategies and the pivotal role technology plays in ESG investing. Here are the edited excerpts of the interview:

Q. What strategic decisions have companies made that will bring sustainability?

Investors and regulators have both worked towards mainstreaming sustainability into businesses during the past decade. A transition to sustainable business approaches is becoming visible across sectors. There are the following strategic decisions that various companies have taken:

  • Companies have started measuring their specific energy consumption, specific water consumption and environmental footprint. These are some of the most critical parameters which have a direct bearing on the long term business sustenance
  • Several businesses have introduced the “cost of carbon” into their investment evaluation processes, thereby ensuring all new investments (including business expansion) is based on the principles of decarbonization. There are companies in power generation business with decision of capacity addition only through renewable sources of energy
  • Some companies are even considering disinvestments or removing highly polluting businesses from their portfolio
  • Several medium to large businesses have embarked upon the journey of non-financial disclosures to obtain feedback from stakeholders, as such disclosures act as channels to resonate with society and its expectation
  • Environment inclusiveness has become an integral part of business continuity and the same has been appended into the corporate risk register of companies
  • SEBI (LODR amendments of 2021) have also introduced mandatory BRSR compliance from FY 2022, which will further improve sustainability and allied disclosures across the value chain

Q. Do organisations think ESG investing is the way forward for long term strategy and decision making or do they think of it as just another buzzword in the industry? If yes, please tell us major challenges which organisations and investors are facing in adopting ESG reporting.Yes. Indeed ESG performance has become a yardstick for investment decisions among the investor community. There are multiple challenges that may play out differently among specific sectors such as:

  • Highly competitive businesses operate at a thin margin wherein cost optimization is the operational ask, unless a large number of players transition out to more sustainable operations, the sector continues to operate as business as usual. Policy & regulatory interventions along with additional benefits such as subsidies, tax holidays etc. may be required to support it.
  • Investor community not just looks at investment opportunities but also considers risks associated during the recovery as well as structured exit from an investment. Sectors that lack long term sustained growth may find it difficult to secure equity and quasi-equity investments since we all know that equity is costlier to debt. New ideas and investments opportunities without long term vision will find fewer investors
  • Access to technology at a reasonable cost is also one of the key challenges in developing countries, which may hamper the economic growth in several countries. India can leverage population dividends to its advantage across sectors by further strengthening its readiness against leading ESG practices. Skipping Euro V and introducing Euro VI has resulted in access to global automotive technologies for Indian customers

Q.As one of the biggest consultancy firms, please tell us how we can leverage technology and data for ESG implementation?

Technology will be an enabler for ESG implementation. The material elements/indicators for disclosure are required to be continuously monitored by the companies making regular disclosures. It is important that a digital interface for data collection, monitoring, analysis and course correction is easily accessible to decision-makers/compliance officials within a company.

Several SaaS (Software as a Service) players are offering data capture and management solutions across the ESG value chain. Even the reporting requirements from companies to MCA require uploading of ESG performance data in xRBL format, which may help evaluate the performance of listed companies by SEBI / MCA over a period of time.

The ease of access to data, performance measurement, sector benchmarking and identification of champions; all of this is practically going to be facilitated through digitization. Digitization will remove bias and bring objectivity into the long term decision-making process.



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