wealth18.com - Wealth18.com

Mar12014 by wealth18.comNo Comments

Rakesh Jhunjhunwala invests Rs 11 crore in HT media

Stocks

On 28-Feb-2014, Rakesh Jhunjhunwala's company Rare Enterprises bought 15 lakh shares in HT media for approx Rs 11 crore. He bought the shares at average price of Rs 71.25 . Following this , the shares of HT media spiked 8% and ended at Rs 77.50 During Dec 2013 quarter, HT Media had reported a Consolidated net sales of Rs 573 crore & consolidated net profit of Rs 67.02 crore Market cap - Rs 1817 crore The 52-week high of the share was Rs 123.70 and the 52-week low was Rs 69.50. The company's trailing 12-month (TTM) EPS was at Rs 0.94 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 82.45. See Portfolio Holding of Rakesh JhunJhunwala

Mar12014 by wealth18.comNo Comments

Section 87A Tax rebate / Tax credit of Rs 2000

Featured, Taxation

In Budget 2013, a new Section 87A was introduced under Income tax Act to allow for tax credit / rebate of Rs 2000 to taxpayers whose taxable income is upto Rs 5 lakhs. Persons whose taxable income is upto Rs 5 lakhs will get a tax credit / tax rebate of Rs 2000 under Section 87A of Income Tax Act 1961. As per new section 87A, “An assessee, being an individual resident in India, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his / her total income with which he/she is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less.” Key features This tax re...

Feb272014 by wealth18.comNo Comments

Stock Analysis – Speciality Restaurants

Stocks

Business Speciality Restaurants is a fine dining chain which has presence in 25 cities through its popular brands Mainland China, Oh! Calcutta, Global Grill, Sigree Global Grill, Mezzuna and Hoppipola. Over the next 2 years, it plans to add 25-30 outlets to its existing chain of 90 restaurants and 16 confectionaries. Financials The company's flagship brand Mainland China contributes 58 % to its total revenues. The company's net revenue during the period grew to Rs 214.8 crore while its operating profit margin was stable at 21.9 per cent. compounded annual growth rate (CAGR) of 13.6 per cent in the past three years despite a fall in domestic discretionary spending. The company has managed a large part of this expansion from the proceeds of its initial public offering ( IPO) in 2012...

Feb272014 by wealth18.comNo Comments

HDFC MF to raise Rs 1500 crore for real estate via HDFC AIF

News

27-Feb-2014 (ET) HDFC Mutual fund is planning to raise Rs 1500 crore to invest in real estate through its new division HDFC Alternate Investment Fund (AIF). The company has received its licence for alternative investment funds in 2013. Earlier HDFC Mutual Fund was investing in real estate through its division HDFC Portfolio Management Services. They had raised Rs 3,800 crore in 2008. In May last year, SEBI has notified the guidelines for alternative investment funds. The minimum investment under this category in Rs 1 crore. These funds will be close-ended with a tenure of not less than three years and the maximum number of investors will be 1,000 entities. Other AIF Jones Lang LaSalle India's Segregated Funds Group closed its first real estate fund — Residential Opportunities Fund-I —...

Feb272014 by wealth18.comNo Comments

Top 10 midcap stocks to bet in 2014 : Dolat Capital

Stocks

Here is a list of Dolat Capital's top ten stocks to beat volatility in markets for a period of 12 months: The brokerage firm do believe that the economy and cyclicals may have seen the worst of troughs in this cycle, however any meaningful recovery in our opinion is only likely during FY16. What we are more curious to estimate is the pace of growth on the recovery mode, and how much can it justify the current valuations. And that will be significantly influenced by the political situation post May elections. The key indices remain at the similar levels having corrected post the state election results rally. At 13xFY15, the brokerage firm believe we are in the perfect centre and could swing either ways 15-20 per cent next few months. Company Target Price Market Price...

Feb242014 by wealth18.comNo Comments

Mutual Funds industry set to consolidate

News

13-Feb-2014 Market regulator SEBI has now raised the minimum net worth requirement of Asset management companies (known as Mutual funds companies) from Rs 10 crore to Rs 50 crore. This will also ensure that only serious players are active and the mutual funds are of reasonable size & help in financial inclusion across the country. This will effectively reduce the entry of new players & thereby de-clutter multiple similar schemes. A mutual fund investor will have to look at lesser number of mutual funds before short-listing where to invest. To encourage merger and consolidation of equity mutual funds schemes, the SEBI said that “similar to merger/consolidation of companies, the merger/consolidation of equity mutual funds schemes also may not be treated as transfer, and, therefore...

Feb242014 by wealth18.comNo Comments

Single DMAT Account for all financial investments by 2015

News

Feb 4 2014 Finance minister P Chidambaram has asked financial sector regulators to prioritise moving to a single DEMAT account for all financial investments. Chidambaram was chairing a meeting of the Financial Stability Development Council and asked regulators to priortise common demat account for financial assets, which will add considerable benefits to consumers. 6-Feb-2014 Few days later, Market regulator SEBI said investors will soon be able to have a single dematerialized account for all classes of their financial investments. SEBI, Joint Director, Prabhakar R Patil at an annual national conference at Guru Jambheshwar University of Science and Technology (GJUST) said - "All financial instruments can be operated through single dematerialized account and this facility will be op...

Feb232014 by wealth18.comNo Comments

FIIs invests Rs 11000 crore in Debt Market in Feb 2014

News

23-Feb-2014 Because of stability in foreign exchange and interest rates, FII inflows into debt are returning. They have invested almost Rs 11000 crore in debt market in Feb 2014. In 2013, FIIs were net seller in Bonds. In 2013, they withdrew Rs 50,847 crore (USD 8 billion) from the bond market and infused Rs 1.13 lakh crore (USD 20.1 billion) in equities. Till February 21 2014, FIIs were gross buyers of debt securities worth Rs 21,210 crore and sellers of bonds to the tune of Rs 10,219 crore till February 21, resulting in a net inflow of Rs 10,991 crore (USD 1.77 billion)

Feb232014 by wealth18.comNo Comments

Moody’s offer to buy majority stake in ICRA

News

Feb 21 2014 US based credit rating agency Moody’s Investors Service has proposed to increase its stake in its Indian arm ICRA by purchasing an additional stake of at least 21.5% in the company through a share buyback, taking its holding to 55%. Currently, Moody’s is the single largest shareholder in ICRA with a 28.51% stake it holds through its subsidiary Moody’s Investment Co. India Pvt Ltd. Under the offer, Moody’s Singapore Pte Ltd will pay Rs.2,000 for every ICRA share, which is a 25% premium to the India company’s closing price on Friday. At present, around 54 per cent of ICRA’s equity are held by institutions, while the rest are spread among individuals, corporate bodies and NRIs. For the quarter ended December 31, 2013, ICRA reported an 11 % rise in operating income at Rs 42.53 ...

Feb222014 by wealth18.comNo Comments

Top Stocks which are interest proof

Stocks

In the current High Interest rate environment, the interest expenses will be higher for high debt companies and therefore lower profits. There is inverse correlation between interest rates and corporate profits. So, investors can focus on companies which have very low / nil debt. The list of companies with low debt equity ratios and the returns these have generated over the past decade is as under: ITC Infosys NMDC Oracle Financial Colgate Container Corp Cummins CRISIL Bharat Electro Hindustan Copper Engineers India Marico Dr Reddys Wipro Torrent Pharma Mphasis Thermax Tata Communication Feel free to comment below, if you hold other good stocks.....