Sunday , 19 November 2017
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Author Archives: wealth18

Top Midcap picks by Ambit Capital

Last updated : 19th September, 2014Mukherjea of Ambit Capital advises investors to pick market leaders or companies that have well-run business. He is bullish on V-Guard Industries and TTK Prestige for the same. Home improvement theme based stocks could see big upsides, says Mukherjea. He, therefore, expects paints, cement, electricals, plyboards, pipes, sanitaryware to show strong growth in future. He is bullish on Greenply , Century Plyboards and Havells India from the pack. Among other stocks Mukherjea picks Page Industries , CESC , CRISIL , eClerx , and Mayur Uniquoters as his favourite bets. V-Guard Industries TTK Prestige Greenply Century ... Read More »

EPFO makes it mandatory to provide employee’s bank account numbers

Last updated : 18th September, 2014 EPFO has now made it mandatory for firms to provide their employees’ bank account numbers with IFSC code of bank branch to facilitate allotment of universal PF account number and payment to its subscribers. The Employees’ Provident Fund Organisation headquarters has asked its over 120 field offices to seek the core banking account numbers with IFSC code of bank branch for seeding the same with the portable Universal PF Account Number (UAN). “…government issued direction ..to issue order making submission of Bank Accounts by the members mandatory in order to facilitate the allotment of ... Read More »

Top 8 picks by Goldman Sachs

Last updated : 18th September, 2014Goldman Sachs has eight stocks in its conviction list which includes names like DLF, Grasim Industries, L&T, IndusInd Bank, ITC, Petronet LNG, Voltas and Tech Mahindra. The target prices mentioned are for a period of 12 months (see chart).  The global investment bank has the most aggressive target of Rs 292 on DLF, which translates into an upside of 74.5 per cent from current levels   Target CMP Potential      upside                 DLF 292 167 75% Grasim 4950 3592 38% L&T 1976 1589 24% IndusInd 740 610 21% ... Read More »

Mutual Funds buys stake in 8KMiles Software

Last updated : 18th September, 2014 8K Miles Software is  the country’s only listed pure-play cloud computing firm. The company is founded by serial entrepreneur Suresh Venkatachari. It has clients like  Amazon, IBM, CA Technologies, Visa, AirAsia, among others. In August 2014,  DSP Black Rock Mutual Fund had picked 4 %  in 8KMiles for about Rs 6 crore from the secondary market at a price of Rs 175 apiece. According to BSE data, DSP Black Rock MF had picked up close to 3 lakh shares of 8KMiles Software, Now, In Sep 2014,  Sundaram BNP Paribas MF bought about 2 % at  double ... Read More »

CLSA’s 14 picks for multi-baggers

Last updated : 17th September, 2014CLSA has recommended 14 stocks which can become multi-baggers in next 3-5 years Mindtree, Bajaj Auto Havells SKS Micro Finance Sintex Glenmark Jyothy Lab Sun Pharma There stocks can grow by 15 % compounded over the next 3-5 years. He also suggested buying these stock at correction – Bajaj Auto Finance Balkrishna Industries PTC India PTC Financial Services LMW Bharti Infratel and Voltas (target 292) Tata Communication –  (target 450) Phoenix Mills  – target 390 Motherson sumi – target 410 Buy at corrections. At some point of time a 10 % correction will take place. That’s the ... Read More »

10 midcap companies which could be multi-baggers

Last updated : 17th September, 2014 ET team have handpicked 10 mid-sized companies across sectors that they believe have what it takes to make it big in the coming years. These includes Allcargo Logistics – which provides freight-forwarding and container freight station services, Ceat – tyre maker Carborundum Universal – engaged in the production of raw materials for diverse sectors Dynamatic Technologies – aerospace parts supplier Finolex Industries – plastic pipe maker Hatsun Agro Product – dairy company L&T Finance,   Persistent Systems – software exporter Rane Holdings – auto ancillary maker VA Tech Wabag, which provides water-treatment solutions. Most ... Read More »

Top 20 Midcap ideas to invest

Last updated : 5th September, 2014 The brokerage has compiled a list of midcap stocks can give good returns in the next couple of years: PI Industries Balkrishna Industries Relaxo  Footwares Whirlpool India KPIT Technologies Mphasis Astral Poly Technik Biocon Colgate Palmolive Bata India Natco Pharma Triveni Turbine CARE V-Guard CCL Products Finchem Vesuvius India Heilderberg Cement PI IndustriesThe company continues to build upon its strengths in the domestic agri and custom synthesis, and is delivering earnings to sustain high teens valuations. The brokerage expects growth trajectory to go up another notch as Jambusar Phase 2 and 3 start in ... Read More »

Bank accounts not inoperative if dividend cheque credited in 2 years

Last updated : 2nd September, 2014 The RBI in its latest notification said that the bank accounts will not become inoperative if a dividend cheque has been credited in it in the previous two years. Since dividend on shares is credited to Savings Bank accounts as per the mandate of the customer, the same should be treated as a customer induced transaction. Normally, A bank account become inoperative or dormant if no credit or debit transaction has been conducted for a period of two years. This clarification has been issued in view of the doubts raised by some bankers whether ... Read More »

IIFL – 12 Bluechips that can give upto 45% return over next 2 years

Last updated : 28th August, 2014 Indian equities have already seen net FII inflows of USD 13 billion in 2014 and tipped to touch USD 20 billion by end of this year. . With inflation expected to moderate, and the new government taking several steps to kick-start stalled growth, the brokerage – IIFL has selected 12 large-cap stocks, which it believes are extremely attractive even at current levels . These 12 recommendations manifest IIFL sectoral preference for domestic cyclicals (financials, auto, infra, etc) and a more cherry-picking approach within other sectors, Each of these 12 large caps can potentially deliver ... Read More »

RBI allow to open Bank Accounts without valid documents

Last updated : 28th August, 2014 The Reserve Bank of India has recenlty allowed that small accounts with banks can be opened even without officially valid documents. In a circular posted on its website, the banking regulator has said that a small account can be opened on the basis of a self-attested photograph and putting the prospective account holders’ signature or thumb print in the presence of an official of the bank. However such accounts will have restricted transactions facilities. Aggregate credits will not be more than Rupees one lakh in a year. While aggregate withdrawals are not to exceed ... Read More »

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