16 December 2023
15 December 2023
Markets at new highs yesterday
Yesterday, the stock market reached new highs, and experts believe that the current market momentum is unlikely to change. Despite starting with losses on Wednesday, the country’s stock market ended the day with some gains. By the end of the trading session, the Sensex closed at 69,584.60 points, experiencing a slight gain of 34 points.
Yesterday, the National Stock Exchange’s Nifty saw an increase of 19.95 points, closing at 20,926.35 points. In addition, the US Federal Reserve (US Fed) decided to keep interest rates unchanged for the third consecutive time. As a result, the Dow Jones crossed the 37,000-point mark, and its influence is evident in the Indian stock market, which is currently witnessing new record-breaking performances.
At 10 am today, the Sensex climbed to an all-time high of 70,520.55 points, representing a gain of 935.95 points or 1.35%. Similarly, during the same period, the Nifty reached its all-time high of 21,182.7 points, showing a gain of 256.35 points or 1.23%.
The Nifty experienced significant gains in stocks such as Bajaj Finance, HCLTech, LTIM, Tech Mahindra, and Bajaj Finserv. Conversely, Power Grid, Cipla, BPCL, Nestle India, and Sun Pharma witnessed a sharp decline in share prices.
According to Mr. Arijit Banerjee, a sebi registered research analyst at Share Trading Class, the Nifty is poised to reach new heights due to positive signals from global markets and strong foreign institutional investor (FII) activity in the Indian market. Mr. Banerjee urges both traders and investors to maintain a long-term perspective in light of these encouraging factors.
SJ Logistic IPO: This new IPO is coming! What is the indication of record profits here?
Recently Tata Technologies’ IPO showed huge profits to the investors. Now investors are eyeing another IPO. SJ Logistics’ IPO is coming to the market. Its subscription started from Tuesday. It will end today Thursday.
The price band of SJ Logistic IPO is 121-125.
Lot size for this IPO is 1000 shares. That means an investor has to apply for at least 1000 shares to take up this IPO. Investors can apply for at least 1000 shares or multiple thereof. The allotment to anchor investors of SJ Logistic IPO took place on December 11.
SJ Logistics (India) Limited operates in the Supply Chain and Logistics Solutions sector. This company provides services related to transportation handling, custom clearance and goods forwarding.
The total value of SJ Logistics IPO is Rs 48 crore. 38,40,000 shares have been issued. According to sources, there is no offer for sale.
Maashitla Securities Private Limited is the Registrar of SJ Logistics IPO, Hem Securities Limited is the Book Running Lead Manager. Promoter Rajen Hasmukhlal Shah (Rajen Hasmukhlal Shah)
The IPO was oversubscribed 62.77 times on the second day of subscription. Good response from retail investors. 101 times more applications. 49 times the number of shares held for non-institutional investors.
14 December 2023
Denta Water IPO: This infra company of Bengaluru will bring IPO, draft in SEBI soon, get investment profit?
The ongoing excitement in the IPO market will continue in the future. Many companies are continuously filing drafts to launch IPOs with market regulator SEBI. Now a new name has been added to this list, Bengaluru infra company Denta Water and Infra Solutions Limited (Denta Water IPO).
IPO process has started
Denta Water & Infra Solutions is a water engineering company, which is actually a construction company. The company is now preparing to launch an IPO to finance its business expansion and other expenses. The process of launching an IPO is initiated by filing the DRHP with market regulator SEBI.
Only new issue in IPO
The company told DRHP that its proposed IPO will not include an offer-for-sale. That means the promoters or existing investors of the company are not going to sell their shares in the IPO. 75 lakh new equity shares will be issued in this IPO. The company said it is working on other measures to raise funds ahead of the IPO.
Preparing to raise funds before the IPO
Even before filing the DRHP, the company is already in discussions with merchant bankers to raise funds by issuing certain securities including private placement, rights issue or preference issue of 11 lakh shares. If the company is successful in raising funds through pre-IPO placement, the size of the new issue in the IPO will be reduced by the amount raised.
The company needs this amount
The company intends to invest the proceeds from the recent fresh issue for working capital requirements. The company will require Rs 50 crore for working capital in the current financial year. The company will need an additional Rs 100 crore in the coming years. Thus the company requires a working capital of Rs 150 crore.
You will get 22.70 lakhs by investing just 150 rupees per day for your child’s education
Middle-class families often plan to save money before spending it. At the same time, they are worried about the cost of their child’s education. But, many do not know that a good fund can be created through long-term investments.
No need to invest huge amount of money every month for this.
By saving small amounts and investing them, lump-sum amount of funds can be built up.
If some one’s child is 3 years old in 2024, he can build a maturity fund of Rs.22 lakh when they turn 18 i.e. by 2042. For this follow the SIP plan mentioned below. Anyone can use it for child education and higher education.
SIP Investment –
Systematic investment plan is called SIP. Through this one can invest in mutual funds. Mutual funds are linked to the market and there is always a fear of losing money in the stock market. But, since mutual funds are managed by qualified fund managers, they are less likely to lose money.
Investing money every month in SIP, even if the market does not perform well, balances it once it starts performing well. So by investing in SIP, the risk of losing money in the long run is very less. The longer one invests through SIP, the better the return potential.
SIP Calculator: Rs 150 to Rs 22 Lakh –
Daily investment of Rs 150 in this SIP plan. That means someone will invest Rs 4,500 in a month and Rs 54,000 in a year.
It should be kept in mind that this investment has to be made for 15 years i.e. a total of Rs 8,10,000 will be invested in SIP in 15 years. Generally, long-term investments in SIPs can yield 12 percent annual returns.
So according to 12 percent return, 14,60,592 rupees per annum interest will be earned in 15 years. At the same time, when the SIP matures, the investment amount ( 8,10,000) and the interest amount ( 14,60,592) will be available together. That means the total amount will be 22,70,592.
But, remember to consult a financial advisor before investing, which can improve your SIP returns.
13 December 2023
Which Mutual Fund Schemes Should Invest in Looking at Poll Results?
The announcement of the election results had a major impact on the financial markets as well. The so-called money market starts to fluctuate only when the expectations are met. Now that the results of the assembly election in five states have been declared, this picture has become clearer. Lok Sabha polls are coming every year. So, the reckoning is on now.
According to some analysts,
the euphoria in the country’s markets is due to the prospect of a stable Narendra Modi government returning to power in the 2024 Lok Sabha elections.
The BJP’s better-than-expected results
in the recent state elections in Rajasthan, Madhya Pradesh and Chhattisgarh have raised hopes of a convincing victory in the upcoming Lok Sabha polls. After the announcement of the results of these three states, there has been excitement in the stock market since the day.
Many questions.
One of which is, considering BJP’s victory in the recently held assembly elections, which mutual fund schemes should one invest in?
According to most,
India is currently one of the fastest growing economies in the world. As a result, this win could strengthen expectations for the continuation of policy reforms. Which can help boost growth. At the same time, global trends are also gradually becoming optimistic. It has an early sign of foreign investment returning to the domestic market.
According to informed sources,
the Make in India plan is expected to gain more momentum with BJP’s victory. Hence, schemes with higher allocations like manufacturing, infrastructure, power, especially renewable energy and defense can give reasonably good returns.
In addition, the upturn in the economy
could provide more growth prospects to banking and NBFC shares. Hence one can consider investing in all these mutual fund schemes.
Top 10 Tax Saving Funds: Great returns with income tax exemption, these are 10 tax saving funds in the country
People’s thinking about investment has changed. Tax saving funds have given good returns along with equity mutual funds this year. Investors use these funds as a good option for investing in the stock market. . The number of investors in mutual funds is constantly increasing.
Currently, when the market is showing a great upswing, investors are attracted towards mutual funds to get excellent market returns.
Tax saving mutual funds
There are many types of mutual funds available in the market today. Investors can choose the suitable scheme according to their preference. Among these, tax saving mutual funds are becoming a particularly attractive option. Investors not only benefit from high returns, but also get tax savings. These tax saving mutual funds are also known as ELSS funds.
The stock market has set many records
Talking about 2023, this year has not only proved to be historic for the stock market, but tax saving funds have also given fantastic returns this year. If we look at the market, 2023 proved to be a year of many new records. During the year, both Nifty and Sensex continuously recorded new highs. Nifty succeeded in crossing the 21 thousand points level for the first time, Sensex saw a top of 70 thousand points.
Three times higher return than benchmark
Tax saving fund is also not behind in this race. By 2023, top tax saving mutual funds have given their customers fantastic returns of up to 45%. It is many times higher than the benchmark Sensex and Nifty. Sensex and Nifty have returned 13.71 percent and 14.89 percent respectively so far this year.
Top-10 Tax Saving Fund Returns to 2023 (YTD):
Sundaram Long Term Tax Advantage Fund: 44.36%
SBI Long Term Equity Fund: 34.91%
ITI ELSS Tax Saver Fund: 34.67%
SBI Long Term Facility Fund: 34.23%
Motilal Oswal ELSS Tax Saver Fund: 34.05%
Bank of India Tax Advantage Fund: 32.18%
Samco ELSS Tax Saver Fund: 31.41%
WhiteOak Capital ELSS Tax Saver Fund: 30.55%
HDFC ELSS Tax Saver: 30.39%
Bank of India Midcap Tax Fund: 30.36%
12 December 2023
Ola Electric IPO is coming soon, Know whether will you get profit on investment?
The IPO of Ola Electric Mobility has been discussed for a long time The latest news on this IPO is that the Direct Head Hearing Prospects (DRHP) for Ola Electric’s IPO is likely to be filed this month. Ola Electric’s IPO is likely to hit the stock market next year.
How much money has the company raised so far?
This IPO will be a combination of new equity shares as well as offer for sale shares. In October this year 2023, the company raised Rs 3200 crore through equities and debt.
After 20 years, an IPO of a car manufacturer is coming
The news of Ola Electric’s IPO seems to be putting an end to doubts. Its IPO is expected to enter the market in early 2024. This IPO of an automobile company in India will come after more than 20 years. The last time an IPO of Maruti Suzuki (then Maruti Ventures) entered the Indian stock market was in 2003.
Ola Electric’s IPO size to be $1 billion
According to the information provided by the company, the IPO of Ola Electric is going to be Rs 8500 crore or $ 1 billion. This will be the first IPO of any electric vehicle auto manufacturer in the country. The IPO of this EV manufacturing company will be included in the country’s top 15 IPOs with a size of $1 billion.
Ola is now a public limited company
Electric vehicle company Ola Electric has also made a major change as part of its IPO preparations. After the change, Ola Electric is no longer a private limited company, it has now converted itself into a public limited company. After this, the official name of Ola Electric has also changed. Earlier, the name of the company was Ola Electric Mobility Private Limited, which was changed to Ola Electric Mobility Limited.
Ola Electric Business
Ola Electric mainly works in the field of electric scooters and it is preparing to enter the electric passenger car segment with battery-powered cars next year.
Sensex crosses 70,000 mark for the first time in history
The stock market made history on the day of the Supreme Court’s historic verdict on the cancellation of Article 370 of the Constitution. The Sensex breached the 70,000 mark for the first time on Monday morning. However, in the afternoon, it has come down to 69,000 again. The smiles on investors’ faces widened as the Sensex moved like a horse in Ashwamedh.
The Sensex was at 69,825.60 at the close of the market on Friday. In the morning, the stock market started trading standing in the green zone with 100 more points than the previous day. The Sensex crossed the 70,000 mark for the first time in a short time. The index reached 70,057.83.
At the same time, the Nifty is also running in tandem with the Sensex. It exceeded 21,000. Experts believe that the Reserve Bank of India (RBI) has kept the repo rate or interest rate unchanged. The Sensex has gained more than 3,000 indices in the first 11 days of December. The BJP’s impressive performance in Madhya Pradesh, Chhattisgarh and Rajasthan has given a lot of confidence to investors.
Shares of ONGC, Coal India, IndusInd Bank, Tech Mahindra and State Bank of India were among the gainers. On the other hand, Dr Reddy’s Laboratories, Asian Paints, Maruti Suzuki, Cipla and Sun Pharma were among the laggards. Investors have turned away from pharmaceutical companies.
If you invest in PPF is it possible to get more returns?
Before investing in stocks many people are confused about where to invest. It is not clear to the investors whether they will get more profit by investing every month through SIP in Mutual Fund or Public Provident Fund (PPF).
Timing is also important to get more profit from the stock market. Investors who have been investing in this market for a long time can expect to make a profit of up to crores of rupees. But if you want to become a millionaire by investing in PPF or SIP, then know where to invest first to get success.
If you deposit Rs 200 daily in Public Provident Fund, then Rs 6000 will be deposited in a month. If you save this amount till retirement, the sum will add up to a huge place. According to these statistics, you will accumulate a fund of 72 thousand rupees in a year.
Most of the people prefer to invest in PPF, as this investment scheme offers assured security and fixed returns. Along with this you will get income tax exemption up to Rs.1,50,000. The minimum period of investment in PPF is 15 years, so after 15 years of regular investment the accumulated amount is Rs 19 lakh 52 thousand 740.
For example, if you pay Rs 200 daily for 20 years in PPF, you will get Rs 31 lakh 95 thousand 978 lakh.. If the term is extended for another five years, 49 lakh 47 thousand 847 rupees will be available.
What is the interest rate of PPF?
There is no risk associated with PPF. It is a fixed-interest-rate investment. The interest rate of PPFs is fixed every 3 months. The current rate of interest on PPF stands at 7.1 per cent. Even if you invest continuously for 25 years, your funds may not reach 2 crores. But it is possible through SIP.
If you invest in the stock market in the right way, there is an opportunity to earn crores of rupees. Timing is also important to get more profit from the stock market.
11 December 2023
Tata Motors to hike car prices in New Year
Tata Motors (nse: tatamotors) has now become the second largest automaker in the country. One of the most popular automobile companies in the country has announced to increase the price of the car at the end of the week. According to the company’s disclosure to the stock exchange, the company will increase the cost of commercial vehicles as of 1 January 2024.
The country’s second largest automaker
Earlier, in March 2023, Tata Motors had surpassed Hyundai. In November, Tata Motors had a market share of 13.79% while Hyundai’s market share was 13.63%.
Tata Motors Share Price History
The company’s shares closed at Rs 715 this week. The stock has hit a record high of 727 rupees. The stock is up 11.2 per cent in one month, 14 per cent in three months, 26 per cent in six months, 85 per cent so far this year and 71 per cent in a year. This stock can be followed by the reader when the market opens in the morning.
The price will increase by 3%
According to the BSE website, Tata Motors, the country’s largest commercial vehicle manufacturer, is going to increase the prices of commercial vehicles from January 1, 2024. The price will be increased by 3%. Earlier on November 27, a Tata Motors spokesperson had said that the company is considering increasing passenger and electric vehicle prices from January next year. We’ll know in the next couple of weeks which cars will go up in price by how much.
Which stocks will be the biggest gains in investing in 2024? What do the experts say?
Over the course of the year, there have been a number of changes. Sometimes the stock prices of many reputed companies have been seen to fall to the ditch, while the stocks of many obscure companies have increased. Sometimes Dalal Street has seen continuous landslides for several months, and sometimes it has turned around. In all, investors spent twenty-three laughs and tears.
But, there are only a few more days. And then the new year. But, which stocks will be watched? Investors are already starting to think. However, market experts are talking about some stocks.
IT Sector
India’s IT sector has seen a global surge in demand. The sector is expected to perform well in 2024 as well. Some of the popular stocks in this sector list include TCS, Infosys, Wipro, HCL Technologies, and Mindtree.
Fashion Sector
India’s fashion sector is also growing steadily. This trend is expected to continue in 2024 as well. Some of the popular stocks in this sector include Arvind Fashions, Aditya Birla Fashion and Retail, Reliance Brands (nse: reliance), and Future Retail.
Food and Beverage Sector
Some of the well-known companies in the food and beverages industry in India are: Hindustan Unilever (nse: hindunilvr), Nestle India (nse: nestleind), ITC, Britannia Industries
Banking Sector
Stocks in the banking sector have given good returns this year as well. It is expected to perform well in 2024. Some of the popular stocks in this sector include State Bank of India, ICICI Bank, HDFC Bank (nse: hdfcbank), and Axis Bank.
Automobile Sector
New, exciting cars of multiple companies are going to come to the market next year. Four-wheelers are on the list. There are also two wheels. Some of the popular stocks in the sector include Maruti Suzuki, Tata Motors, Hero MotoCorp, and Bajaj Auto.
Healthcare stocks are also expected to provide good returns. The top healthcare stocks are Apollo Hospitals, Fortis Healthcare, Max Healthcare, Narayana Health etc. The electronics sector is also on the list. It’s also growing rapidly. Some of the popular stocks in this sector are Samsung India, LG Electronics, Panasonic India, and Havells India. In contrast, the construction sector in India has witnessed significant growth in recent years. Some of the popular stocks in this sector include UltraTech Cements, ACC (nse: acc), Ambuja Cements (nse: ambujacem), and Dalmia Bharat Cements.
10 December 2023
Good news for the common people! SIP in mutual funds will no longer cost Rs 500, SEBI may make a big announcement.
The minimum investment volume in monthly (SIP) mutual funds may soon change. Stock market regulator SEBI is going to take a big decision in this regard soon.
What SEBI has hinted at?
SEBI wants to increase the interest of the common people in mutual funds by lowering the minimum investment limit in mutual funds from Rs 500 to Rs 250. If this happens, even the most ordinary investor can easily start his investment through SIP (Systematic Investment Plan) every month. Recently, SEBI chairperson Madhavi Puri Buch announced this plan at an event.
The mutual fund industry is now worth Rs 50 trillion
According to Sebi chief Puri, mutual fund industry is worth Rs 50 trillion. She said that every person in the country will be encouraged to make financial investment through small investment in mutual funds. The role of the Securities and Exchange Board of India (SEBI) will be crucial in this regard. It will also contribute to the growth of the Indian capital market. That is why SEBI is looking into the possibility of setting up a Rs 250 special investment plan (SIP) with companies operating mutual funds.
Currently, SIPs start from Rs 500
In some mutual funds, you can invest as little as Rs 100.But, it has so few options that these funds could not be popularized. Currently, the lowest SIP amount in mutual funds is usually Rs 500. In addition, SEBI will also introduce a new category of assets where high risk investors will find opportunities.
SIP investment hits record high in November
A recently released report says investment through SIPs reached record highs in November 2023. For the first time, more than Rs 17,000 crore have been invested in MFs through SIP. Investors are increasingly choosing this option. With a record number of 14.1 lakh new SIP accounts opening in November, SIP accounts stood at Rs 7.44 crore.
The stocks which have explosive potential like ‘Sleeping Volcano’
Although the last few months have been in recession, the game is rotating at the end of the year. In the first week of December, the price of many famous stocks is increasing. Sensex-Nifty hit all-time highs. At the end of trading on Friday, the BSE Sensex saw a huge jump of 304 points to close at 69,825 points. To know more about stock selection in trading, you may look out for our practical stock market training in Kolkata.
The National Stock Exchange also rose. The Nifty jumped 69 points to close at 20,970. But, experts say, there are still some stocks in the market that are practically lying like dormant volcanoes. If there is fuel in the fire, they can also increase. Now just wait to wake up from sleep.
Infosys
With the increase in demand for artificial intelligence, the share price of information technology companies has increased in the Indian market like other countries. Stocks like Infosys and Wipro are at the top of the list. Shares of Infosys closed at more than Rs 25 on Friday. The new price stands at Rs 1,491. However, according to experts, the way the stock market is rising, the price of this share would have increased further. But the US recession has had an impact on share prices. Although the business is in India, the main business is also in the United States. But the country’s Federal Bank has not yet reduced the interest rate. On the contrary, it is increasing further. As a result, the favorable situation of the business is being disrupted to some extent.
Wipro
Wipro shares, on the other hand, are in a similar situation. The Europe-centric company has business in many countries. However, the share price has not seen much uptick in the last few months. At the close of the market on Friday, it was seen that the price has increased by only Rs 5. The new price stands at Rs 424. Some believe that the share price should have increased further. However, the poor state of the European economy is believed to be responsible for this.
Asian Paints
The share price, which was seen to be upward for most of the year, is currently down. Asian Paints shares closed at Rs 3,229 at market close on Friday. The price has decreased by more than Rs 22. According to market experts, the share price of these companies like Wipro, Infosys can also increase a lot.
PNB Share Price: 80 percent increased in the last 6 months!
The market capitalization of Punjab National Bank (nse: PNB) was first Rs 1 lakh crore on Friday. In 6 months the price of this share has increased by almost 80 percent. PNB came third in the list of 1 lakh crore state-owned banks. After State Bank of India (nse: SBI), Bank of Baroda (nse: BOB), Punjab National Bank became the third state-owned bank to cross the market capitalization of Rs 1 lakh crore.
The share price of this bank increased by 1.78 percent to Rs. 91.50 on the National Stock Exchange at noon on this day. The share price of this bank has increased by about 81.35 percent in the last six months.
After the market closed on Friday, the current price of PNB shares stood at Rs 91.10, which is its 52-week high level. As a result, this share has seen a record increase in the market. Investors got about 125.12 percent return from this as a three-year period and at the same time a return of 54.13 percent as a 1-year period.
As of September 2023, the promoters’ stake in the bank was 73.15 percent. In the September quarter, Punjab National Bank’s annual net profit rose by 327 percent to 1756 crore compared to 411.27 crore last year.
At the same time, the statistics showed that the operating profit of Punjab National Bank increased by 11.66 percent to Rs. 6216.43 crore. On the other hand, the gross NPA ratio decreased by 6.96 percent compared to last year. The result suggests that the bank’s asset quality has improved from July to September.
Meanwhile, the Sensex touched a new high on Friday. This is like a dream run. Sensex started running from this morning. Almost 2 lakh crore rupees came in the hands of the investors in the morning. That run continued at the end of the market on Friday. On the last trading day of the week, the Sensex stopped at 71483.75 points, i.e. the index gained about 970 points on the day. On the other hand, Nifty increased by 1.29 percent or 273.95 points to reach 21456.65 points.
Markets are largely optimistic since the US Federal Reserve Bank (FED) has kept its key interest rates unchanged. Nifty Bank and Nifty IT showed momentum in the market.