Personal Finance – Page 85

2 Best Conservative Hybrid Funds To Invest For More Than 3 Years In 2021

October 7, 2021 root Personal Finance

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Canara Robeco Conservative Hybrid Fund

Canara Robeco Mutual Fund established this Conservative Hybrid mutual fund scheme, which has been in operation for the past 8 years. The fund’s expense ratio is 0.61 percent, which is lower than the expense ratio charged by most other funds in the same category. The fund currently has a 22.80% equity allocation and a 69.70% debt exposure. Canara Robeco Conservative Hybrid Fund Direct-Growth returns in the previous year were 16.77 percent, according to Value Research, and it has generated 10.56 percent average annual returns since its inception.

The financial, automobile, healthcare, services, and technology sectors make up the majority of the fund’s equity holdings. National Bank For Agriculture & Rural Development, Tamilnadu State, Housing Development Finance Corpn. Ltd., Gujarat State, and GOI are the fund’s top five holdings. CRISIL has given the fund a “No 1” rating, Value Research has given it a 5-star rating, and Morningstar has given it a 5-star rating, indicating the fund’s previous performance strength during market peaks and troughs.

As of 6th October 2021, the fund has a Net Asset Value (NAV) of Rs 82.22 and has an Asset Under Management (AUM) of Rs 896.35 Cr. The fund charges an exit load of 1% if units of more than 10% are redeemed within 12 months of the purchased date. SIP in this fund can be started with a minimum amount of Rs 1000 per month.

LIC MF Debt Hybrid Fund

This fund invests predominantly in debt instruments with marginal equity exposure. This Conservative Hybrid mutual fund scheme was founded by the fund house LIC Mutual Fund in the year 1998 and is a medium-sized fund of its category. The fund has a 2.27 percent expense ratio, which is higher than most other Conservative Hybrid funds.

As of August 31, 2021, the fund has a 24.75 percent equity allocation and a 75.24 percent debt exposure. The recent one-year growth returns of the LIC MF Debt Hybrid Fund were 12.13 percent, and it has generated an average annual return of 8.51 percent since its inception. The equity part of the fund is largely invested in the technology, financial, fast-moving consumer goods, energy, and healthcare sectors. Reserve Bank of India, GOI, Infosys Ltd., ICICI Bank Ltd., and Larsen & Toubro Infotech Ltd. is the fund’s top five holdings.

The fund has received a “No 1” rating from CRISIL, a 3-star rating from Value Research, and a 3-star rating from Morningstar, reflecting the fund’s consistent historical performance in terms of generating gains. The fund has a Net Asset Value (NAV) of Rs 71.58 and an Asset Under Management (AUM) of Rs 83.85 Cr as of October 6, 2021.

If units worth more than 12 percent are redeemed within 12 months after the acquisition, the fund imposes a 1% exit load. SIPs in this fund can be commenced with as little as Rs 1000 per month.

CAGR (%)
Period	Scheme	CRISIL Hybrid 85+15 – Conservative Index*	CRISIL 10 Year Gilt Index**
1 Year	12.13	12.1	4.68
3 Years	8.15	11.05	9.1
5 Years	6.94	9.42	6.43
Since Inception	8.51	NA	NA
The above returns are as of 31st August 2021. Source: licmf.com

2 High Rated Conservative Hybrid Funds To Start SIP In 2021

Based on CRISIL’s ranking of No.1 and past performance, here are the 2 conservative hybrid funds that you can consider to start SIP in 2021 for at least 3 years.

Funds	1 mth returns	6 mth returns	1 Yr returns	3 Yr returns	5 Yr returns
Canara Robeco Conservative Hybrid Fund	0.11%	8.19%	16.77%	13.90%	9.90%
LIC MF Debt Hybrid Fund	-0.21%	5.82%	11.93%	9.97%	7.46%
Source: Groww

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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Top Performing Banking Stocks In The Last 1 Year: Know Which Bank Tops The List

October 7, 2021 root Personal Finance

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About Nifty Bank

NIFTY Bank Index comprises the most liquid and large capitalised Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. Last the index as on the closing of October 7, 2021 ended with gains of 0.62 percent at 37753

The Index is computed using free float market capitalization method. NIFTY Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.

12 constituents of Nifty Bank index

Bandhan Bank

IndusInd Bank

RBL Bank

IDFC First Bank

ICICI Bank

Federal Bank

AU Bank

PNB

SBI

Kotak Bank

Axis Bank

HDFC Bank

Top performing banking stocks with return up to 140% in the last 1-year

Nifty Bank Constituent	LTP (in Rs.)	% change in the last one year
SBI	458.8	139.46%
IndusInd Bank	1167.55	87.47%
ICICI Bank	701.05	84.2%
Axis Bank	777.45	72.9%
Federal Bank	85.45	65.12%
AU Bank	1209	64.6%
IDFC First	47.8	53.45%
Kotak Bank	1953.8	46%
HDFC Bank	1610.4	40.76%
PNB	39.9	40.74%

Outlook on Nifty Bank

There is bullishness around Nifty Bank as yesterday only Moody’s Investors Service- the US based rating agency has changed the outlook for 9 banks from ‘negative’ to ‘stable’. The banks’ which saw rating improvement include HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, Export-Import Bank of India, State Bank of India (SBI) and Union Bank of India.

Apart from that the country’s sovereign rating on Tuesday has also been raised to ‘stable’ from ‘negative’. In trade today, Bank Nifty gained by 0.62 percent led by gains in stocks like ICICI Bank, Bandhan Bank etc.

The outperformance expected from the counters will be owing to the strong results as is being produced in the quarterly updates by the banks and non-banking financial entities. There is an anticipation that in a rising market scenario, banking stocks shall rise more and see less of a correction in declining market.

Disclaimer:

Note the above list of banking stocks in terms of last 1-year performance is collated for knowledge purpose only and is not a recommendation to buy in these shares.

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7 Auto Stocks To Buy According To Emkay Global Financial Report

October 7, 2021 root Personal Finance

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Positive on the auto sector: Emkay Global

In Q2FY22, Emkay Global expects aggregate revenue for Automobile firms to grow by only 6% YoY, as volume growth was hampered by chip shortages in PVs and a high base in 2-Wheelers/Tractors. CVs, on the other hand, had a strong volume performance. However, earnings are anticipated to be harmed due to temporary volume difficulties and cost pressures.

As a result of chip shortages, the brokerage believes that domestic PV industry volumes increased by only 2% year over year. We anticipate a 2% revenue increase for MSIL and 14% for the MM auto division (total revenue growth of 8% for MM). It also expects volume to improve in H2 as a result of the pending order book and increasing chip supplies.

7 Auto Stocks To Buy According To Emkay Global Financial Report

Auto company	Market price	Target price	Likely gains %
Ashok Leyland	Rs 130	Rs 155	19%
Baja Auto	Rs 3,771	Rs 4,420	17%
Hero MotoCorp	Rs 2,801	Rs 3,790	35%
TVS Motor	Rs 544	Rs 780	43%
Atul Auto	Rs 221	Rs 300	36%
Maruti Suzuki	Rs 7,199	Rs 8,600	19%
Tata Motors	Rs 336	Rs 400	19%

Auto stocks to buy according to the automobile report

Ashok Leyland

Emkay Global has initiated a buy call on Ashok Leyland with a target price of Rs 155, implying a 19 percent upside potential. Ashok Leyland is currently trading at Rs 130.

According to brokerage, revenue is expected to expand considerably year over year, thanks to volume growth of 42 percent on a low base and realisation growth of 10 percent. Despite the increased scale, the EBITDA margin is likely to remain constant due to delays in commodity inflation pass-through.

Baja Auto

The brokerage believes that with a 9 percent year-over-year increase in volume and a 13 percent increase in realization, revenue growth could be strong. Despite a drop in the home market, volume increased due to a 28 percent increase in exports. Due to delays in the pass-through of commodity inflation, the EBITDA margin may fall.

Hero MotoCorp

Revenues are predicted to fall by 20% year over year due to fewer volumes. Due to price increases, realization is expected to increase by 6%. Due to lower scale and delays in commodity inflation pass-through, the EBITDA margin may fall.

Emkay Global has initiated a buy call on Hero MotoCorp with a target price of Rs 3,790, implying a 35 percent upside potential. It is currently trading at Rs 2801.

TVS Motor

Emkay Global has initiated a buy call on TVS Motor with a target price of Rs 780, implying a 43 percent upside potential. TVS Motor is currently trading at Rs 544.

With volume up 6% year over year and realization up 11%, revenue growth should be strong. Despite a drop in the home market, volume increased because to a 46 percent increase in exports. Due to delays in the pass-through of commodity inflation, the EBITDA margin may fall.

Atul Auto

Emkay Global has initiated a buy call on Atul Auto with a target price of Rs 300, implying a 36 percent upside potential. It is currently trading at Rs 221.

A 10% year-over-year rise in volume could help sustain revenue growth. Due to delays in the pass-through of commodity inflation, the EBITDA margin may fall, according to the brokerage.

Tata Motors

“JLR’s GBP revenue is likely to fall 13% yoy to GBP3.8bn, due to lower volumes (-15%). EBITDA margins should contract by 590bps to 5.2%, due to negative operating leverage and the absence of furlough benefits. Standalone revenue should grow strongly by 94% to Rs187.7bn, driven by higher volumes (55%) and realization (25%). EBITDA margin should expand 480bps to 5.9% on a better scale,” the brokerage has said.

Maruti Suzuki

Revenues should increase by a small amount, owing to higher realizations (6 percent yoy). Volumes fell 3% year over year. Due to lower scale and delays in commodity inflation pass-through, the EBITDA margin is expected to decline.

Disclaimer

The above stocks are picked from Emkay Global Financial Services’ latest report on the auto sector. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies Pvt Ltd, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.

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EPF Pensioners’ To Get PPO On Retirement Date

October 7, 2021 root Personal Finance

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The subscribers of EPFO have been relieved as they would get their pension without delay. Notably as part of the EPFO launched “Nirbadh Sewa”- subscribers would be getting the pension payment order on the retirement date.

In the latest tweet dated October 6, 2021, the social security administering organisation via its official twitter handle said “”NIRBADH SEWA by EPFO – Subscribers to get Pension Payment Order (PPO) on the Date of Retirement.”

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Top 6 Best Paint Company Stocks In India With Good Dividend Yield

October 7, 2021 root Personal Finance

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Asian Paints

Asian Paints, founded in 1945, is a Large Cap firm in the Building Materials industry with a market capitalization of Rs 308,118.31 crore. In the most recent quarter, the company generated a net profit after tax of Rs 576.82 crore.

The stock returned 169.1 percent over three years, compared to 70.85 percent for the Nifty 100. Asian paint’s robust distribution network of dealers and merchants is one of its greatest assets. It has aided the company in developing a balanced mix of urban and rural sales over the years. This network is at the heart of the home improvement industry’s expansion. More dealers signed up for multi-product distribution last quarter.

Asian Paint is one of India’s most popular paint brands. Asian Paints grew into a corporate force and India’s biggest paint firm over the course of 25 years. By size, Asian Paint is India’s largest paint company.

Asian Paints Ltd. has declared an equity dividend of Rs 17.85 per share in the last year. This translates to a dividend yield of 0.54 percent at the current share price of Rs 3296.30.

Net Sales Turnover: Rs 18516.86 Cr

Net Sales in June quarter: Rs 4785.91 Cr

Berger Paints India

Only 1.73 percent of trading sessions in the last 16 years had intraday drops of more than 5%. The stock returned 206.49 percent over three years, compared to 72.05 percent for the Nifty 100 index. Berger Paints (India) Ltd., founded in 1923, is a Large Cap firm in the Building Materials industry with a market cap of Rs 79,753.04 crore.

Berger Paints (India) Ltd. has issued an equity dividend of Rs 2.80 per share in the last year. This translates to a dividend yield of 0.34 percent at the current share price of Rs 832.20.

Berger Paints India Limited is the country’s second-largest paint firm, with a track record of being one of the country’s fastest expanding. With over 3450 employees (excluding subsidiaries) and a nationwide distribution network of over 25,000 dealers.

Net Sales Turnover: Rs 6021.41 Cr

Net Sales June quarter: Rs 1619.21 Cr

Kansai Nerolac Paints

Kansai Nerolac Paints Ltd., founded in 1920, is a Large Cap company in the Building Materials industry with a market cap of Rs 34,803.44 crore. The stock returned 63.29 percent over three years, compared to 72.05 percent for the Nifty 100 index. Only 2.03 percent of trading sessions in the last 16 years had intraday drops of more than 5%.

Kansai Nerolac Paints Ltd. has issued an equity dividend of Rs 5.25 per share in the last 12 months. This translates to a dividend yield of 0.82 percent at the current share price of Rs 640.00.

In 1986, GNPL inked a TAA in Osaka with Japan’s Kansai Paints Co. Ltd. for the manufacture of Cathodic Electrodeposition Primer and other advanced coatings for automotive applications. GNPL was the first company in India to implement this technology.

Sales Turnover: Rs 4690.00 Cr

Net June Sales Turnover: Rs 1301.19 Cr

Akzo Nobel India

Only 1.49 percent of trading sessions in the last 16 years had intraday drops of more than 5%. The stock returned 43.84 percent over three years, compared to 90.24 percent for the Nifty Midcap 100. Akzo Nobel India Ltd., founded in 1954, is a Mid Cap business in the Building Materials category with a market capitalization of Rs 10,230.63 crore.

In 2012, three additional AkzoNobel Group firms operating in India were united under the AkzoNobel India Limited umbrella, making it India’s only integrated Paints and Coatings company with a relatively limited Chemicals portfolio. In 2018, the company’s chemicals division was spun off, leaving the company only focused on paints and coatings.

Akzo Nobel India Ltd. has declared an equity dividend of Rs 50.00 per share in the last 12 months. This equates to a dividend yield of 2.23 percent at the current share price of Rs 2240.00.

Sales Turnover: Rs 2421.40 Cr

Net Sales Turnover: Rs 626.38 Cr

Indigo Paints

The company has enough cash on hand to cover its contingent liabilities. For the first time in five years, the company is debt-free. Indigo Paints Ltd., founded in the year 2000, is a Small Cap business in the Building Materials sector with a market capitalization of Rs 11,898.67 crore.

Indigo Paints changed its brand in response to changing times and trends, showing the company’s fresh way of thinking. It merged all of its many brands for different product categories into a single umbrella brand called “INDIGO” a few years ago.

Sales Turnover: Rs 723.32 Cr

Nippon Paint (India)

India Nippon Electricals Ltd., founded in 1984, is a Small Worth business in the Auto Ancillaries sector with a market cap of Rs 822.51 crore. Nippon Paint, headquartered in Osaka, is the only paint solutions provider for all types of surfaces. In some criteria, Nippon Paint India is the best paint brand in India. Stock returned -13.43 percent over three years, compared to 88.19 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned -13.43 percent, while the Nifty Auto delivered investors a 19.93 percent return.

India Nippon Electricals Ltd., founded in 1984, is a Small Worth business in the Auto Ancillaries sector with a market cap of Rs 822.51 crore. The number one paint company in Asia, as well as one of the world’s top paint manufacturers.

Shalimar Paints

Shalimar Paints, founded in 1902, is a Small Cap business in the Building Materials sector with a market capitalization of Rs 527.53 crore. For the past three years, the company has posted a negative return on investment (ROI). The stock returned 18.25 percent over three years, compared to 88.19 percent for the Nifty Smallcap 100. 3.54 percent decrease in sales. The company suffered revenue contraction for the first time in recent 3 years.

Sales Turnover: Rs 325.56 Cr

Net June Sales Turnover: Rs 65.17 Cr

Top 6 Best Paint Company Stocks In India

Paint Company Stock Price Market Cap Sales Turnover in Cr (Yearly) Dividend Yield

Asian Paints 3,295.10 3.16LCr Rs 18516.86 0.54%.

Berger Paints India 832.90 80.89TCr Rs 6021.41 0.34%.

Kansai Nerolac Paints 640.50 34.52TCr Rs 4690.00 0.82%.

Akzo Nobel India 2,239.95 10.20TCr Rs 2421.40 2.23%.

Indigo Paints 2,517.40 11.98TCr Rs 723.32 –

Shalimar Paints 97.70 531.33Cr Rs 325.56 –

Disclaimer

Investors must therefore exercise due caution. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.

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Karur Vysya Bank Revises Interest Rates On FD: Check Latest Rates Here

October 7, 2021 root Personal Finance

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Investment

oi-Vipul Das

|

Published: Thursday, October 7, 2021, 14:06 [IST]

Karur Vysya Bank has revised interest rates on its domestic term deposit scheme which will be applicable from 08.10.2021. This private sector bank allows fixed deposits with regular interest payout options i.e. (Half-yearly / Quarterly / Monthly) and with a maturity tenure ranging from 15 days to 10 years. A fixed deposit account at Karur Vysya Bank can be opened by resident Indian individuals, HUF, Trusts, Partnership firms, Companies, Associations, etc with a minimum amount of Rs 100 with no upper limit. The term deposit scheme of the bank also allows nomination facility, loan against deposit facility, premature close facility, and so on. Now let’s check out the latest interest rates on fixed deposits of the said bank.

Karur Vysya Bank Fixed Deposit Interest Rates For Regular Customers

For a deposit amount of less than Rs 2 Cr, Karur Vysya Bank is now promising the below-mentioned rates on domestic deposits made by regular citizens.

Time Bucket Revised Rate (Less than Rs. 2 Crores) (w.e.f. 08.10.2021)

7 Days to 14 days 3.25%

15 Days to 30 days 3.25%

31 Days to 45 days 3.25%

46 Days to 90 days 3.25%

91 Days to 120 Days 3.50%

121 Days to 180 Days 3.75%

181 Days to 270 days 4.00%

271 Days to less than 1 year 4.25%

1 year to less than 2 years 5.15%

2 years to less than 3 years 5.25%

3 years to less than 5 years 5.25%

5 years and above 5.60%

KVB – Tax Shield 5.75%

Source: Bank Website

Karur Vysya Bank Fixed Deposit Interest Rates For Senior Citizens

Senior citizens will continue to get an additional rate of interest of 0.50% on their deposits maturing in 1 year to less than 5 years. After the most recent adjustment made by the bank on fixed deposit interest rates, senior citizens will get an interest rate of 5.65% on deposits maturing in 1 year to less than 2 years and a 5.75% interest rate on deposits maturing in 2 years to less than 5 years.

Time Bucket Revised Rate (w.e.f. 08.10.2021)

1 year to less than 2 years 5.65%

2 years to less than 3 years 5.75%

3 years to 5 years 5.75%

KVB – Tax Shield Deposits 5.75%

Source: Bank Website

Karur Vysya Bank Flexi Term Deposits

On Flexi term deposits the bank has also revised the applicable interest rate. With effect from 08.10.2021 Karur Vysya Bank is now promising an interest rate of 3.25% on Flexi term deposits maturing in 300 days. Under this deposit scheme, senior Citizen rates are not applicable to NRI and Senior Citizen deposits of up to Rs 3 Cr are allowed.

Time Bucket Revised Rate (w.e.f. 08.10.2021)

300 days 3.25%

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Savings Account Interest Rate Of Post Office Is Better, Compared To Banks

October 7, 2021 root Personal Finance

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Planning

oi-Kuntala Sarkar

|

Published: Thursday, October 7, 2021, 12:39 [IST]

A savings account is a bank account that is beneficial for salaried people with regular monthly incomes. A savings account is insured up to Rs. 1 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), Ministry of Finance. Apart from a bank, you can also open a savings account under the Post Office. A savings account of a Post Office attracts better interest rates than bank savings accounts. Sometimes, all the banks do not have their branches in remote areas of the country, but Post Office has better reach to remote areas.

Interest rates

The basic difference between a current account and a savings account is that the latter will offer you interest on the deposits. The reason behind a savings account offers such a low level of interest is because your money will be kept there safely unless it is withdrawn or paid out. Savings accounts offer interest rates that can range from 2.70% PA to 5.25% PA, depending on the net balance amount and it will vary upon the bank and the Post Office.

Interest rates chart of few top banks

Bank Interest Rate (PA)

SBI 2.70%

HDFC 3.00%

ICICI 3.00%

Canara Bank 2.90%

Punjab National Bank (PNB) 3.00%

Bank Of India 2.90%

Axis Bank 3.00%

Kotak Mahindra Bank 3.50%

Compared to these rates, the Post office savings account offers 4% PA. Hence, the interest rate on a savings account is better than other public or private banks. So, if you want to open a savings accounts, you can check the offers provided by the Post Office. The account will fetch you the same benefits, but with a better interest rate. Only a minimum balance of Rs. 500 will be required for opening the account.

Savings accounts types

Savings accounts can be of many types like Regular Savings Account, Salary-based Savings Account, Senior Citizens Savings Accounts, Minors’ Savings Accounts, Zero Balance Savings Account, Women’s Savings Account. In the present time, the net banking option of the savings accounts is an additional benefit, you do not need to visit the bank physically to open the account or operate transactions. The minimum maintenance balance for a savings account is lower than current accounts. You can directly pay your credit card bills or transfer funds from your savings account.

A savings account also helps to keep track of the account holder’s income tax returns. The liquidity of a savings account is very easy but the withdrawal limits depend; a customer will be able to withdraw the money up to a particular limit, in a month. Additionally, some banks can also offer discounts on purchases through their savings accounts like credit cardholders.

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How To Pre-validate Your Bank Account Online To Get Income Tax Refund?

October 7, 2021 root Personal Finance

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Steps to check whether your bank account is already pre-validated or not

By following the steps listed below, you can easily check whether your bank account

Visit https://www.incometax.gov.in/iec/foportal and click on “Login” to sign in to your account.

Under the “Login” section, enter your PAN (Permanent Account Number), Aadhaar Number or Other User ID only for Chartered Accountant, Tax Deductor and Collector, e-Return Intermediary, TIN 2.0 Stakeholders, External Agency, ITDREIN, ARCA (Authorised Representative Chartered Accountant) followed by 6 digit number.

Click on “Continue” and you will be logged in to your account where you need to go to the “My Profile” section and then select the “My Bank Account” option.

Now you will get a list of your added bank accounts which are already pre-validated. From the list of bank accounts, you can select an accou8nt of your choice to get an income tax refund by clicking on “Nominate for refund”.

Steps to pre-validate your bank account

Follow the steps listed below in case you want to pre-validate a bank account or add a new bank account to get an income tax refund.

Visit https://www.incometax.gov.in/iec/foportal and sign in to your account.

Upon signing in to your account, click on the “My Profile” section and select the “My Bank Account” option.

Now click on “Add Bank Account” and enter the required and mandatory bank account details such as Bank account number, Account type, Account holder type, IFSC code, Bank name and branch.

Now click on “Validate” and upon successful verification of your provided details your bank account will be successfully validated and added under the list of your added bank accounts.

Now select your newly added account and click on “Nominate for refund” for receiving an income tax refund.

Steps to check income tax refund status online

After lodging your income tax return (ITR) for a particular financial year, if you paid more tax than your overall tax due, you may be entitled for an income tax refund. However, you won’t get your income tax refund until it is processed and verified by the Income Tax Department. As we discussed above that an income tax refund is directly credited to your bank account, you should double-check that you’ve entered the right bank account number and IFSC. After submitting an application for an income tax refund, you can check the refund status on the new income tax portal by following the steps listed below.

Visit https://www.incometax.gov.in/iec/foportal and sign in to your account by using the required credentials such as PAN, Aadhaar etc.

After signing in to your account, click on the ‘e-file’ option and select the ‘Income Tax Returns’ option.

Now you need to click on ‘View Filed Returns’ and now you can check your filed returns till date.

Against your latest ITR filed, click on “View Details” and you will get all the details of your income tax refund such as mode of payment, refund amount, date of clearance etc.

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This Telecom Sector Stock Is A Buy For 2 Quarters By HDFC Securities

October 7, 2021 root Personal Finance

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HDFC Securities take on Bharti Airtel:

The company offers a gamut of telecom services ranging from fixed line to broadband to DTH and enterprise services. In the Covid 19 era, there has been seen strong penetration of data even in rural and among low income users.

Key highlights:

• Revenue market share improved to 34.9% as on 30 June, 2021.

• Debt has been limited owing to company’s equity raising, value unlocking in the African subsidiary, Indus Towers, and Bharti Telemedia.

• Tariffs will increase going ahead and ARPU shall rise to Rs. 200/month by end FY22 (vs ARPU of Rs 146 in Q1FY22).

• Transition of company’s 2G and 3G customers to 4G will be ARPU accretive.

• The company has also expanded its spectrum holding by taking over spectrums in auctions. Other than this the company has acquired data centric spectrum from Videocon, Aircel and Tikona and through acquisition of Telenor, and consumer mobile business (CMB) of the Tata Group.

• The company took over subGHz spectrum which improves the overall network coverage services.

• The company came up with the rights issue for raising Rs. 21000 crore.

“The multiple structural and process reforms in the Telecom sector approved by the Union Cabinet in Sept 2021 were much needed to help reduce the regulatory burden on Telecom Service Providers (TSPs). Bharti will now be able to defer around Rs4000 cr towards AGR and Rs7500 cr towards spectrum dues in FY23E and use these to fund its 5G capex”, added the report.

Rationale for investment

Bharti enjoys diversified presence across geographies with non-India operations (primarily Africa) contributing 26% to the consolidated revenues in FY21. The company is collaborating with leading companies for 5G deployment.

“Strong market position in the domestic mobile and non-mobile segment, diversification across businesses, healthy operations in Africa, high financial flexibility makes Bharti Airtel attractive for Investment”, adds the brokerage report. Also an increase in tariffs as well as lesser competition is beneficial for the company with lower leverage as well as improvement in return ratios.

Global telcos have not given ample returns to investors, nonetheless given the market reset, integrated telco nature and ability to drive revenue growth exceeding nominal GDP could help Bharti provide returns to investors over the next few years. “Also growth acceleration in the B2B space by rising demand for cybersecurity, home entertainment, new products like Airtel IQ and Airtel Ads and Africa, can provide superior returns as risks remain contained”, says the report.

Valuation And Recommendation

“We feel investors could buy the stock in the Rs 669-681 band (8x Sept FY23E EV/EBITDA), and add on dips to Rs. 605-617 band (7.5x Sept FY23E EV/EBITDA). Base case fair value of the stock is Rs 733 (8.6x Sept FY23E EV/EBITDA) and the bull case fair value of the stock is Rs 798 (9.2x Sept FY23E EV/EBITDA). At the CMP of Rs 691.4 the stock trades at 8.2x Sept FY23E EV/EBITDA”, suggests HDFC Securities.

Disclaimer:

The above specified scrip is taken from the recommendations of HDFC Securities. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies Pvt Ltd, the author, and the analysts are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.

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Stocks To Buy: NBFC Stock, Jewellery Stock To Consider As Suggested By ICICI Direct

October 7, 2021 root Personal Finance

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Muthoot Finance: Leadership in gold financing

Muthoot Finance is India’s top gold financier, with an AUM of Rs 52613 crore in gold loans as of June 2021.

ICICI Securities suggested buying Muthoot finance stock at a target price of Rs. 800, representing an 18percent increase over the last trading price of Rs. 1523. The recommended investment horizon is for one year.

ICICI Direct believes that, there is a large market opportunity for long-term growth. Business growth will be steady, thanks to low gold penetration and management’s goal of achieving a 1 lakh crore book by FY24-25. Exceptional asset quality, with a GNPA of less than 2% and a recovery rate of more than 90%.. Healthy financials with a 12-14 percent margin, led by a gold loan earning 21%.

Muthoot Finance: Valuation

“Muthoot Finance’s share price has grown by ~4.2x over the past five years. We believe this is a good opportunity to play on the gold finance theme. We initiate coverage on the stock under Stock Tales format with a BUY rating and target price of Rs 1800. Target Price and Valuation: We value the core business (gold loan) at ~3.2x FY23E ABV and assign Rs 44 to subsidiaries to arrive at a target price of Rs 1800 per share,” the brokerage has said.

We commence coverage on Muthoot Finance under the Stock Tales format with a BUY rating and value the core business at 3.2x FY23E ABV with subsidiaries allocated at Rs 44 per share (after 20% discount) to arrive at a target price of Rs 1800/share, it said.

Key triggers for future price-performance:

A crucial driver for growth is a gradual increase in ticket size, as well as an increase in working capital requirements.

Lower credit costs lead to a stronger RoA and RoE of +5% and +25%, respectively. Solid asset quality, low leverage, positive ALMs, and sticky client base levers all contribute to strong operating performance.

Titan Company: Jewellery glitters with strong consensus beat in Q2

ICICI Securities suggested buying Titan Company stock at a target price of Rs. 2550, representing a 19 percent increase over the last trading price of Rs. 2148. The recommended investment horizon is for one year.

Titan has evolved from a watchmaker to a desirable lifestyle brand, with jewelry as its most prominent vertical (82 percent of revenues). A robust distribution network that spans 2.5 million square feet and includes over 1900 establishments.

Key highlights of Q2FY22 update:

Titan saw a significant increase in demand across all segments. In Q2FY22, the overall number of store operational days surpassed 90%.

Titan’s entire revenue for Q2FY22 was much above than analysts’ expectations. Standalone revenue growth (excluding gold bullion sales) was 78 percent year over year (compared to a consensus projection of 40%).

Tanishq continued to gain market share in Q2FY22, despite strong topline growth of 78 percent YoY and a two-year CAGR of 32 percent. In H1FY22, it grew by 16 percent over FY20 levels, surpassing pre-Covid levels.

Titan: Valuation

“Titan has been an exceptional performer in the discretionary space with stock price appreciating at ~40% CAGR in last five years. We continue to remain structurally positive and maintain a BUY rating. Target Price and Valuation: We value Titan at Rs 2550 i.e. 65x FY24E EPS, the brokerage has said.

Key triggers for future price-performance:

Its strong bank sheet and asset-light distribution approach have allowed it to outperform competitors in terms of store expansion (35 Tanishq outlets planned for FY22).

Tanishq’s presence in the Indian jewellery sector is still in its infancy. The introduction of mandatory gold hallmarking is projected to boost market share gains in the unorganised sector.

The focus on weddings is paying off, with wedding jewellery becoming a key growth driver and its share of overall jewellery revenue increased significantly.

Going forward, a gradual rebound in the studded ratio would help margins.

In FY21-24E, we factor in revenue and earnings CAGRs of 22% and 53%, respectively.

Disclaimer

The above is prepared from the recommendations of ICICI Direct. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies Pvt Ltd, the author, and the analysts are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.

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Paint Company Stock	Price	Market Cap	Sales Turnover in Cr (Yearly)	Dividend Yield
Asian Paints	3,295.10	3.16LCr	Rs 18516.86	0.54%.
Berger Paints India	832.90	80.89TCr	Rs 6021.41	0.34%.
Kansai Nerolac Paints	640.50	34.52TCr	Rs 4690.00	0.82%.
Akzo Nobel India	2,239.95	10.20TCr	Rs 2421.40	2.23%.
Indigo Paints	2,517.40	11.98TCr	Rs 723.32	–
Shalimar Paints	97.70	531.33Cr	Rs 325.56	–

Time Bucket	Revised Rate (Less than Rs. 2 Crores) (w.e.f. 08.10.2021)
7 Days to 14 days	3.25%
15 Days to 30 days	3.25%
31 Days to 45 days	3.25%
46 Days to 90 days	3.25%
91 Days to 120 Days	3.50%
121 Days to 180 Days	3.75%
181 Days to 270 days	4.00%
271 Days to less than 1 year	4.25%
1 year to less than 2 years	5.15%
2 years to less than 3 years	5.25%
3 years to less than 5 years	5.25%
5 years and above	5.60%
KVB – Tax Shield	5.75%
Source: Bank Website

Time Bucket	Revised Rate (w.e.f. 08.10.2021)
1 year to less than 2 years	5.65%
2 years to less than 3 years	5.75%
3 years to 5 years	5.75%
KVB – Tax Shield Deposits	5.75%
Source: Bank Website

Bank	Interest Rate (PA)
SBI	2.70%
HDFC	3.00%
ICICI	3.00%
Canara Bank	2.90%
Punjab National Bank (PNB)	3.00%
Bank Of India	2.90%
Axis Bank	3.00%
Kotak Mahindra Bank	3.50%