Tuesday, April 15News That Matters

Author: wealth18.com

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.

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...

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...

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.

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

Stocks
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 35‐45 percent returns over a period of two years.   Target price over 2 years  CMP as on 28-Aug-14 Potential Upside         HCL Technologies 2202 1626 35% Hindustan Zinc 230 165 39% ICICI Bank 2...

RBI allow to open Bank Accounts without valid documents

News
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 Rs 10000 in a month and balance in the accounts cannot be more than Rs 50,000 at any point in time. These small accounts would be valid normally for a year after which such accounts would be allowed to con...

EPF Interest rate for 2014-2015 set at 8.75% on PF Deposits : EPFO

News, PF
EPFO's trustees today decided to retain interest payment on provident fund deposits for 2014-15 at 8.75% The decision to retain the interest rate on the provident fund deposits at last year's level was taken despite some protest by the trade union members of the CBT The final notification for payment of the interest rate for the current fiscal will be issued by the Finance Ministry later. The EPFO had provided 8.75 %  rate of interest on PF deposits for 2013-14, which was higher than 8.5 %  paid for the previous fiscal

LIC Bonus rates for 2013-2014

Insurance
LIC has declared bonus rates for its plans for year 2013-2014. See the details below: Plan Term Reversionary   & Interim     Bonus (per 1000) Whole Life     2,5,6,8,10,28 ( before conversion),    35,36,37, 38,49,77,78,85,86   70 ENDOWMENT TYPE     14,17,27& 28( After conversion), 34, 39, 40, 41, 42, 50, 54, 79, 80,81,   84, 87,90,91,92,95,101,102, 103,109,110,121. 10   & less 34 11 to 15 38 16 to 20 42 21 & above 48 Plan   88,89,48 15 & less 40 16 to 20 44 21 & above 48 Plan   133 15 & less 40 16 to 20 45 21 & above 50 Money Back & Anticipated         24,25,26,73,74,75,76 & 93 12 & 15 32 20 39 25 44 Jeevan Surbhi     106,107,108 15 34 20 41 25 50 JEEVAN   ANAND - 149 premium paying upto   10 years 36 ...

Quantum Long-Term Equity Fund (G) – Details & Review

Mutual Funds
Quantum Long-Term Equity Fund (G) is  EQUITY - LARGE CAP Mutual Fund.  This Scheme is RANKED 1 in this category for Qtr Mar-2014. This in an Open Ended Scheme with inestment objective to achieve long-term capital appreciation by investing primarily in shares of companies that will typically be included in the BSE 200 Index. Fund   Category Equity  - Large Cap Asset Size (Rs   cr) 272.92     (Jun-30-2014) Fund Type  Open   Ended Minimum   Investment 5000 Launch Date 25-Feb-06 Entry   Load NA Fund Manager Atul   Kumar / Nilesh Shetty Exit   Load On   redemption/switchout     within 6 mths of allotment - 4%,     > 6 mths < 12 mths - 3%,      > 12 mths < 18 mths - 2%,       > 18 mths < 24 mths - 1%,     > 24 mths - Nil.      Annualise...

EPFO re-initate process to club allowances with basic pay, ordered inspection

News, PF
August 2014,  EPFO has asked its over 120 field formations to inspect firms which are deducting PF on 50 %  or less of total wages. In a bid to deal with issue of splitting of wages by employers, field offices told to inspect establishments that may be structuring salaries in such a way as to cut PF liabilities The employers often split wages into different allowances to reduce their PF liability and also increase the take home pay of their workers. The provident fund is deducted as 12 % of basic wages. According to the order, the exercise of inspecting the firms deducting PF on 50 %  or less of total wages, must be completed by August 31. The EPFO headquarters have asked the field formations to submit a report in this regard by September 7. It observed in the order that "many employers...