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Apr272016 by wealth18.comNo Comments

Thyrocare Technologies IPO Details & Review – Should you invest in it ?

Stocks

Thyrocare Technologies, a pan – India diagnostics chain with focus on preventive and wellness health offerings is set to tap the markets with its initial public offer (IPO). Update: 30-April-2016 IPO Subscription: Qualified institutional buyers (QIBs) was oversubscribed 73.18 times, Non-institutional investors received 225.30 times subscription. Retail investors portion was also oversubscribed 8.55 times. IPO Allotment Status: Not yet alloted IPO Listing Date: Not yet decided. Issue Details IPO Open : 27th April 2016 to 29th April 2016 Issue Price band: of Rs 420 – 446 per share Issue Size - Rs 451 – 479 crore Market lot : 33 shares and in multiples of 33 shares Background: TTL is one of the leading pan-India diagnostics chain with focus on preven...

Apr192016 by wealth18.comNo Comments

Government withdraws new PF withdrawal rules

News, PF

The government has revoked the order tightening rules for withdrawal of provident fund money. The decision ensures that individuals will NOT have to wait till the age of 58 years to withdraw employer's contribution from their PF money. The notification in Feb put curbs on full withdrawal of provident fund by members after unemployment of more than two months, while it also barred withdrawal of the employer's contribution before the age of 58 years. The decision was first to come into effect immediately, but was first deferred till April 30 and then till July 31, before being scrapped totally on Tuesday evening (19th April). As per Union labour minister Bandaru Dattatreya - "The notification issued on February, 10, 2016 is cancelled. Now the old system will continue," Later, the labour ...

Apr42016 by wealth18.comNo Comments

Equitas Holdings Limited IPO – Details and Review

Stocks

Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels. Equitas is one of the 10 companies that have been selected by the RBI to set up small finance banks (SFB), niche lenders aimed at helping small businesses and farmers get easier access to funding. Equitas operates in 11 states, one union territory and the NCT of Delhi. As of June 30, 2015, Equitas had 520 branches across India. The Company has three wholly owned operating subsidiaries. These subsidiaries are engaged in financing activities viz.: 1. Equitas Micro Finance P Ltd - Providing micro l...

Apr22016 by wealth18.comNo Comments

Declare Net Worth if Income more than Rs 50 Lakhs

News

In the new set of ITR forms for FY 2015-2016 (AY 2016-2017), a new schedule AL is added (including in ITR 1). As per the new schedule, if your total Income is above Rs 50 lakhs, you need to fill the section showing Assets and Liabilities. You need to declare the cost of Immovable Asset - Land, Building Movable Asset - Cash, Jewellery, Bullion, Vehicles etc Liability in respect of above assets The main challenge will arise in terms of valuation as taxpayers will find it difficult to value their assets themselves i.e. for jewellery, vechiles etc.

Apr22016 by wealth18.comNo Comments

SEBI told Mutual Funds to reduce number of funds

News

SEBI has told mutual funds to reduce the number of funds under management and stick to only one fund per category in an attempt to end the complexities of mutual fund investing. As per industry tracker, there are 1600+ debt funds and a total of 2500+ fund schemes which is more than number of actively traded listed stocks on stock exchanges. This is confusing customers and making it impossible to gauge a fund's suitability. Most often the difference between funds are minimal to make any significant difference. The mutual fund industry actually trying to play on the psychology of investors with new scheme as investors wrongly believe that buying a unit at Rs 10 is beneficial compared to an existing fund whose net asset value could be higher. The regulator wants every fund to have one sch...

Apr22016 by wealth18.comNo Comments

NSC, KVP to be issued in electronic form (e-mode)

News

National Savings Certificate and Kisan Vikas Patra will now be issued in electronic mode (e-mode). Government has decided to discontinue the system of physical pre-printed paper certificates w.e.f 1-April-2016. However, till the Core Banking System transits to that e-mode, banks and post offices may choose to issue a physical certificate recorded on a passbook, it added. NSC and KVP are popular small saving schemes, specifically designed for government employees, businessmen and other salaried classes who are Income Tax assesses. Investment up to Rs 1.50 lakh per annum qualifies for tax rebate under section 80C of Income Tax Act.

Apr12016 by wealth18.comNo Comments

10 wealth creating ideas from leading experts for FY17

Stocks

As you go into the new financial year, we present you a bunch of stock recommendations from various experts that you can look at with an investment horizon of at least 12 months: IL&FS Transportation Networks Angel Broking - With 7 projects expected to commence in next 12 months, Angel Broking expects the debt repayment cycle at a special purpose vehicle (SPV) level to commence, resulting in the overall consolidated D/E levels peaking out at 4.0 times. With concerns over higher D/E levels allayed up to a certain extent, coupled with attractive valuations of 0.3x FY2017E P/BV, the domestic brokerage firm has a buy rating on the stock with a price target of Rs 93. Jagran Prakashan Angel Broking - Jagran Prakashan is expected to register strong growth supported by an i...

Apr12016 by wealth18.comNo Comments

Here are top 10 stocks for new year

Stocks

Here are the top 10 stocks recommended from five leading broking firms based on fundamentals. Broker Stock Target CMP Upside Rationale ICICIDirect Bajaj Finserv 2308 1745 32% Bajaj Finserv reported an increase in loan book by 4x from FY2011-15 and also 36 per cent growth in 9MFY16 YoY backed by a surge in earnings. It is the most profitable and efficient player in the sector. The pick-up in the life insurance business could lead to a valuation upgrade. At 11.6x FY2017 estimated earnings, the stock is reasonably valued. ICICIDirect Mahindra & Mahindra 1470 1195 23% M&M has launched nine vehicles this year. The company was affected by the loss of market share on the automotive side and the sudden decline in farm equipment business in FY2015. However, it has sustained profit...

Apr12016 by wealth18.comNo Comments

6 Specialty chemicals stocks to bet in 2016

Stocks

As per analysts, India's specialty chemicals industry could be big theme in 2016-2017. The specialty chemicals industry is worth $25 billion and the industry has delivered 13% growth over the past five years. Over the next 12 months, investor can get good returns in the specialty chemicals theme. Here is a list of stocks from various analysts under speciality chemicals theme that investors can look at: Stock Target CMP Upside Rationale SRF 1700 1279 33% Rapid progress which has been made in the high-margin fluoro-speciality and refrigerant gases will drive value growth. Steady free cash flow from technical textiles will also supplement capacity expansion in fluoro-speciality. Phillip Capital estimates SRF to deliver revenue and profit CAGRs of 14% and 22% respectively over FY16-FY...

Mar312016 by wealth18.comNo Comments

Taxation on Sale of Shares – Business Income or Capital Gain? – new CBDT circular

Featured, Taxation

Over the past few years, there were lot of uncertainly and litigation around this point - whether the sale of shares is treated as Capital gain or Business Income. Despite of various court rulings as well as CBDT clarifications, disputes continues to exist on the facts related to individual case since the taxpayers find it difficult to prove the intention in acquiring such shares/securities. In a recent CBDT circular, tax payers are allowed to decide whether their gains/losses from sale of listed shares/securities should be treated as business income or as capital gains for tax purposes. As the circular is binding on the Assessing officers, they cannot question the classification of the income by the assessee. However, the circular has restricted application to listed shares and securitie...