Friday, April 26News That Matters

Year: 2016

CNBC Super 17 Stocks for investment in 2017

Stocks
CNBC-TV18 has turned 17 and they invited panel of 4 experts to recommend 17 Stock Picks For 2017 Experts: S P Tulsian, Dipan Mehta, Prakash Diwan, Daljit Kohli   CMP Target Upside S P Tulsian       Zee Media  37 55 49% Dwarikesh Sugar 289 435 51% Dynemic Products 145 200 38% Century Textiles 774 1200 55% Sandur Manganese 759 1170 54%         Prakash Diwan       Trent 198 277 40% Shakti Pumps 133 199 50% Dynemic Products 145 199 37% Shipping Corporation 58 99 71%         Dipen Mehta       Strides Shashun  1088     Aurobindo Pharma 648     NBCC 223     Motherson Sumi 310             Daljeet Kohli       Jubilant Life 588 709 21% Shilpa Medicare 755     Force Motors 3675 4322 18% MOIL 352 456 30%     ...

Invest in Stocks with matured brands for balanced returns

Stocks
Companies with longstanding brands often have diversified portfolio of business and can better cope ups & down in the markets. These are called "defensive" stocks that can protest your portfolio in times of market volatility.   CMP (24-Dec-2016) 52 wk low 52 wk high Other Recommendaion Nestle 5826 4990 7390 Axis - 5800 KR Choksey - 8000 Gillette India 4276 3805 4888 Axis (320) ICICI Sec - 355 Procter & Gamble Hygiene & Healthcare  6600 5171 7279 HDFC Sec - 1335 L&T Foods 271 180 319   Pidilite Industries 587 521 769 ICICI - 775 Prabhudas - 770 Bata India 425 400 613 ICICI - 462 Axis - 535 Asian Paints 874 825 1227 Geojit - 1108 Reliace Sec - 1154 Nestle -  Nestle India’s brands such as Maggi noodles and Nescafe coffee are consumed across the wor...

5 stocks to invest in 2017 for Multibagger returns

Stocks
Finding stocks that can deliver multibagger returns is not easy where there are 5000+ companies listed. According to the Rule of 72, a stock that delivers around 24 per cent return annually can double your wealth in three years. Over the past five years, stocks like Ajanta Pharma (up 4,294 %), Symphony (965 %), Eicher Motors (1,350 %), Bajaj Finance= (1,170 %) and Avanti Feeds (1,830%) have multiplied investors' wealth several folds. Now, based on various brokerage recommendations, here is a list of five stocks from several sectors that have the potential to generate multi-fold returns over time.   CMP (24-Dec-2016) 52 wk low 52 wk high Other Recommendaion TVS Motor 372 256 418   Voltas 315 211 406 Axis - 320 ICICI Sec - 355 Multi Commodity Exchange 1253 726 1420 HDFC Sec ...

9.4 % Reliance Home Finance NCD Issue Dec 2016 – Details & Review

Bonds
Update:  Reliance Home Finance NCD is oversubscribed 3 times on the opening day. Seeing the overwhelming response, the issue will be closed on Friday instead of the scheduled date of January 6.   Reliance Home Finance will open its public issue of NCDs on 22nd Dec 2016 &  it closes on 6th Jan 2017. This NCD issue is offering  yield upto 9.4% and have 4 different investment options. In this post, I am trying to put details around how good this Reliance Home Finance NCD is ? What are the postive and negative factors of Reliance Home Finance NCD? Who should invest in Reliance Home Finance NCD? Key Features of Reliance Home Finance NCD NCD Issue Open: 22 Dec 2016 NCD Issue Closing date: 6 Jan 2017  (now closed on 23-Dec because fo oversubscription) Type of Instrument: Se...

Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016 – Undisclosed Income declaration deposit scheme

How to Series
Pradhan Mantri Garib Kalyan Yojana (PMGKY) - Undisclosed Income declaration deposit scheme Government has brought in second income disclosure income called Pradhan Mantri Garib Kalyan Yojana. The new IDS has been notified along with other provisions of the Taxation Laws (Second Amendment) Act, 2016, on 16th December and has come into effect from 17th December, 2016. You can declare your unaccounted income under this scheme from 17th December 2016 to 31st March, 2017.  Key Features of Pradhan Mantri Garib Kalyan Yojana People can declare their undisclosed or black money under PMGKY Scheme till 31st March, 2017 Under this scheme, a declarant of undisclosed income needs to pay a Tax of 30%, a Penalty of 10% and a Pradhan Mantri Garib Kalyan Cess of 33% on the tax, all of which add up...

Sheela Foam IPO Review – Sleepwell Mattress IPO Details, Opening Date

Stocks
Sheela Foam's (Sleepwell Mattress) has announced its IPO which will open on 29th Nov.   Issue Details of Sheela Foam / Sleepwell Mattress IPO:   IPO Open :  29th Nov to 1st Dec Issue Price band: Rs 680 - 730 per share Issue Size: Rs 510 crores Market lot :  20 shares Minimum Investment:  Rs 14600 (Upper band) Book Running Lead Managers :  Edelweiss Sec & ICICI Sec Registrar – Listing: BSE/NSE IPO Issue Allocation Qualified institutional buyers (QIBs) –  50% of the total issue size. Non-institutional investors (NIIs) –  15% of the issue size. The retail quota limit in the issue = 35% of the issue size. Background: Sheela Foam is the leading manufacturer of mattresses (incorporated in 1971) marketed under "SleepWell" brand. It also manufactures foam-based ho...

Demonetisation- Latest rules on withdrawal and exchange of old notes

News
Over the past few days, government has been changing the rules for withdrawal and exchange mostly every day.  In this post, I am trying to capture the latest rules: Updated 23-Nov-2016 1) Now you can withdraw upto Rs 2000 from Big Bazaar stores -  From Nov 24, You can get Rs 2000 by using your debit / ATM card. The facility is now available at 258 Big Bazaar and fbb stores in over 115 cities and towns across the country. Big Bazaar has tied up with State Bank of India and enabled mini ATMs across all 260 stores to help consumers withdraw cash while they shop. [xyz-ihs snippet="ad1"] Also Read:  How to convert black money into white money How to use Paytm for making cashless payment to Kirana stores 1) You  can get upto Rs 2000 cash from selected petrol pumps:  Now you can swipe your de...

GST slab rates fixed – Check the impact

News
GST Council has fixed four-tier GST structure in Nov 2016 and it is expected to be rolled out from April 2017. The rate structure is 5%, 12%, 18% and 28% with lower rates for essential items and highest for luxury items. GST 0% Tax -  Some essential items including food grains, which presently constitute roughly half of the consumer inflation basket, will be taxed at zero rate. GST 5% Tax -  mass consumption items such as edible spices, tea, coffee, mustard oil will fall under this tax slab. GST 12% Tax - Process food items such as bread, cheese, readymade meals, milk, Computers will fall under this tax slab. GST 18% Tax - Soaps, Oils, shaving sticks, toothpaste, refrigerators, smart phones GST 28% Tax -  Most white goods, like washing machines, air conditioners, will be taxed at 28 perce...

List of petrol pumps giving Cash

News
Government has now allowed selected petrol pumps to give cash upto Rs 2000 on swiping of your debit card. At present this facility is available to state run petrol pumps which has SBI POS Machine only.  This will be extended to other pumps within few days to other bank's machine (ICICI, HDFC,Citibank)   Here is the list of 700 petrol pumps that are dispensing cash  -  petrol-pumps [xyz-ihs snippet="ad1"]   Note that the daily limit for petrol pump is Rs 1 lakhs., which means they can only serve 50 customers in a day. In many petrol pumps bank staff has not setup machines or provided cash yet. See the latest rules for the exchange , or deposit or convert the old currency notes. Government are changing rules frequently. Check the latest update here.

How to convert black money into white money

How to Series
Government has banned Rs 500 / Rs 1000 notes to tackle the problem of black money, corruption, fake currency. Many people are now searching for " How to convert black money into white money". It is one of the leading search term on Google. I do not encourage black money or methods mentioned below to convert black money to white money. Now people may be reaching you to get their black money converted or giving you lucrative offers. The intention of this post is to raise awareness that some of these methods are common in India. Also, income tax department are also aware of such loopholes and will be keeping eye on these. 1a) Declare the black money as this current year's income and pay normal tax as advance tax.  1b) Dealing with God - You will be surprised that some people are not even sp...