September, 2014 - Wealth18.com

Sep242014 by wealth18.comNo Comments

ICICI Bank offers on Debit Card / Credit Card / Netbanking – Latest

1 . Pay any Visa Credit Card Offer Pay any Visa Credit Card bill online for the first time and get a Bookmyshow voucher worth Rs.100 Now, paying your Visa Credit Card bill online using ICICI Bank Internet Banking is fast and simple.Just register your credit card once and conveniently pay all future bills at ease. Valid till December 31, 2014. Steps to avail the offer •Login to ICICI Bank Internet Banking. •Click on Pay any "VISA Credit Card" option on the left tab. •Click on "Register a Payee" tab. •Get your VISA Non – ICICI Bank Credit Card registered. •Confirm Payee using PIN on sms sent to your registered mobile. •Make a payment. * Offer applicable only if service availed for the first time.Vouchers will be given only to 1st 15000 customers during the offer period. --------------------...

Sep192014 by wealth18.comNo Comments

Top Midcap picks by Ambit Capital

Stocks

Mukherjea 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 Plyboards Havells India Page Industries CESC CRISIL eClerx Mayur Uniquoters

Sep182014 by wealth18.comNo Comments

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

News

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 UAN, proper implementation of the EPF Scheme, 1952 and removal of the difficulties in the matter of payment of accumulations in the Fund to members after they cease to be such members," an office order sai...

Sep182014 by wealth18.comNo Comments

Top 8 picks by Goldman Sachs

Stocks

Goldman 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% ITC 416 351 19% Petronet LNG 226 195 16% Voltas 277 248 12% Tech Mahindra 2500 2465 1% price as on 4th Sep

Sep182014 by wealth18.comNo Comments

Mutual Funds buys stake in 8KMiles Software

Stocks

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 the price that the DSP had paid. The deal was carried out through secondary market operations through the BSE @ Rs 331.95 per share ( 175000 shares) 8KMiles has been one of be biggest gainers in the recent market rally gaining over six-fold in the past ...

Sep172014 by wealth18.comNo Comments

CLSA’s 14 picks for multi-baggers

Stocks

CLSA 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 cue to enter the market. We would advise buying once a 6-8 per cent correction has taken place. Don't buy at one shot, always spread it over.

Sep172014 by wealth18.comNo Comments

10 midcap companies which could be multi-baggers

Stocks

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 of these companies cater to the domestic market and, therefore, could well participate in the recovery of the economy. Some are export-driven and w...

Sep52014 by wealth18.comNo Comments

Top 20 Midcap ideas to invest

Stocks

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 FY16. The stock remains its preferred pick in the agri space with strong visibility and scalability to drive earnings in the next couple of years. Its consolidat...

Sep22014 by wealth18.comNo Comments

Bank accounts not inoperative if dividend cheque credited in 2 years

News

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 an account in which only dividend has been credited can be treated as inoperative after two years.