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Author Archives: wealth18

Shriram Transport Finance STFC NCD July 2014 – Details & Review

Last updated : 6th August, 2014      Shriram Transport Finance Company (STFC) has opened its public issue of NCDs on 02-July-2014 & it closes on 22-July-2014 offering 8 investment options with yield upto 11.75%.    This is the first NCD issue of this financial year from STFC. The comapnby has few NCD issues in 2013-2014   Type of Instruments – Secured Redeemable NCDs Size of Issue – Rs 1000 crore through this issue, with an option to retain oversubscription upto Rs 1000 crore, aggregating to a total of upto Rs 2000 crore. Listing – Proposed to be listed on NSE & ... Read More »

Citigroup buys 40 lakh shares in HDIL

Last updated : 30th June, 2014 On June 27, 2014, Citigroup Global Market Mauritus Private Limited bought 40,00,000 shares at Rs 94.05 n the NSE. Unisuper Limited as Trustee for Unisuper sold 23,01,406 shares of  Housing Development and Infrastructure  (HDIL) at Rs 91.46 on the NSE.   Earlier in Mar-April 2014, Nomura & kotak has picked stakes in HDIL .  Read News.   In the previous trading session, the share closed at Rs 96.90, up Rs 5.00, or 5.44 percent. The share touched its 52-week high Rs 113.85 and 52-week low Rs 26.10 on 09 June, 2014 and 07 August, ... Read More »

Fixed Maturity Plans (FMP) – Good Tax efficient option for Investors

Last updated : 6th August, 2014 What is FMP (Fixed Maturity Plan) An FMP is a closed-end mutual scheme that has a fixed tenure and invests in fixed-income securities. It invests in debt securities in such a way that they mature a day or two or few days before the FMP itself matures. Investments:  FMPs invest in fixed income instruments like CDs, CPs, money market instruments, corporate bonds; debentures of reputed companies or in securities issued by Government of India and fixed deposits.  Effective August 2011, an FMP needs to give an indication of how its portfolio would look like. ... Read More »

Top four stocks Rakesh Jhunjhunwala likes

Last updated : 25th June, 2014 Speaking at a CII conference yesterday, Jhunjhunwala of Rare Enterprise said, “One should buy companies which have strong managements and good corporate governance. Always look at opportunities with tremendous growth potential.” Big bull Rakesh Jhunjhunwala is betting on four stocks – Rallis India, Titan, Colgate Palmolive and Praj Industries. Also read – Rakesh Jhunjhunwala Latest Portfolio Holdings  He explains why he’s betting on the above-mentioned four stocks: Colgate Palmolive: The first thing which investors should look at is ‘opportunity’. Without opportunity, there can be no economic activity and without economic activity, there can be ... Read More »

11 stock picks by BoA-ML for 2nd half of 2014

Last updated : 21st June, 2014 As we head towards the second half of 2014, here are some stock picking ideas by Bank of America Merrill Lynch for better returns.These stocks are market-agnostic ideas and are chosen based on potential target price upside as well as catalysts ahead. Here are “The Playing Eleven” by BoML Stock upside potential Bharat Electronics 13% Bharti 15% ICICI Bank 28% Lupin 22% Maruti 20% OIL 13% Prestige 18% TCS 18% Titan 25% Voltas 22% Tata Steel 34%   Read More »

10 stocks that will benefit from BJP’s 100 Smart cities plan

Last updated : 21st June, 2014 The market is excited about the NDA government’s plan to develop 100 new smart cities as it could boost demand for several other industries. For instance, Assuming a population of two lakh in each of the 100 cities and four people in each house, the smart city plan would generate demand for 50 lakh new homes. ETIG has identified 10 stocks that will likely be among those benefiting the most from a construction boom.  Asian Paints and Berger Paints Asian Paints and Berger Paints together control close to 75% of India’s organised retail paint ... Read More »

6 Shares bought by MV SCIF Mauritius

Last updated : 21st June, 2014 MV SCIF Mauritius, part of US-based asset managment company Van Eck Associates Corporation, picked up over two crore shares of six companies, including Unitech , Tata Elxsi , MTNL and Gitanjali Gems for an estimated amount of Rs 122.54 crore through open market route. MV SCIF Mauritius purchased Unitech ( 1.75 crore) for nearly Rs 58 crore  @  Rs 33.07 apiece. MTNL (24 lakh), Gitanjali Gems (4.97 lakh), Tata Elxi (3.29 lakh), Ceat Ltd (2.18 lakh), Natco Pharma (1.74 lakh). The entity also offloaded total of 1.92 crore shares worth Rs 64.6 crore of ... Read More »

[How to] check CIBIL Credit Score & Credit Report Online in India

Last updated : 30th June, 2014 CIBIL TransUnion Score (Including Credit Information Report) is your detailed credit history & repayment discipline. Every individual has the right to access his Credit Information Report (CIR). It is through this that a person can check and analyze whether he is in the defaulter list of the concerned bank or not. Before you apply for a Home Loan, Car Loan, Personal Loan or a Credit Card, check your Credit Score. CIBIL Credit Information Bureau (INDIA) Limited (CIBIL) is the central repository of credit information of all borrowers. It contains data of the credit history ... Read More »

EPF threshold raised from Rs 6500 & increased to Rs 15000 – New PF rule EPFO Notification

Last updated : 7th October, 2016 As per new EPFO Notification, Employees earning upto Rs 15,000 a month will come under the Employees’ Provident Fund (EPF) net. UPDATE (28-Aug) :   The formal notification is issued now and it will be effective from 01-Sep-2014. Gazette Notification providing for increase in wage ceiling under EPS, 1995 from Rs. 6500/- to Rs. 15,000/- which shall come into force on and from the 1st day of Sept., 2014 – HO No. Acturial/18(2)2008/Vol. III/7738 dated 29/08/2014 Read full notification here Government has approved hike in the threshold for mandatory PF savings from Rs 6,500 a ... Read More »

Rakesh Jhunjhunwala invests Rs 55 crores in Edelweiss Financial Services,

Last updated : 22nd June, 2014 12/6/2014   In a block deal Rakesh Jhunjhunwala bought a 1.3% stake in homegrown financial services firm Edelweiss Financial Services on Thursday. Jhunjhunwala bought 1 crore shares of the firm at Rs 55 per share from GPC Mauritius, an FII which sold over 2.6 crore of Edelweiss shares at an average price of Rs 56.34 on the BSE. Also read – Rakesh JhunJhunwala Portfolio Holdings – June 2014 According to bulk deal disclosures on the BSE, two funds managed by GPC Mauritius sold about 1.18 crore shares in one fund and another 1.44 crore ... Read More »

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