ACEink Official

2024-04-05 08:07:30 1st Monetary Policy of FY25 Highlights

MPC Decision:

- Vote: 5:1 majority
- Action: Maintaining rates at current levels
- Focus: Shifting towards withdrawal of accommodation

Key Rates:

- Policy Repo Rate: 6.50%
- Standing Deposit Facility Rate: 6.25%
- Marginal Standing Facility Rate: 6.75%
- Bank Rate: 6.75%
- Fixed Reverse Repo Rate: 3.35%

Statutory Requirements:

- CRR (Cash Reserve Ratio): 4.50%
- SLR (Statutory Liquidity Ratio): 18.00%

Other Notable Points:

- RBI Anniversary: Celebrated 90 years
- Resilience: Faced numerous challenges, remained at the forefront

RBI may commence repo rate cuts from October, It will wait to see monsoon status this year, then will take decision.

Overall it is expected that low interest rates scenario will start from this year ultimately positive for stock market.

#RBIMPC #RBI #rbipolicy ओपन / कमेंट

2024-04-04 07:16:39 After reduction in lot size

Another news from NSE

NSE to launch 4 new indices from April 8, 2024.

The new indices are:

1. Nifty Tata Group

2. Nifty 500 Multicap India Manufacturing

3. Nifty 500 Multicap Infrastructure

4. Nifty MidSmall Healthcare

A new milestone in the market as Nifty Tata Group Index gets introduced for both CM and F&O markets. With an impressive 1-year return of 64%, this index promises exciting opportunities.

Disclaimer : This is not an investment advice and this is not an investment recommendation. ओपन / कमेंट

2024-04-04 07:16:29 ओपन / कमेंट

2024-04-04 05:41:16 Top 10 Stocks to watch Today

Vodafone Idea: The telecom services provider announced in an exchange filing on Wednesday that its shareholders have given the green light for a proposal to issue securities amounting to approximately ₹20,000 crore. This announcement came a day after the company's virtual Extraordinary General Meeting (EGM). With this approval, the telecom firm is on track to wrap up the equity fundraising by June's end.

RBL Bank: The private sector bank has reported a deposit amount of ₹1,03,454 crore for the quarter ending in March FY24. This represents a growth of 22 percent compared to the same period last year and a 12 percent increase from the previous quarter, according to preliminary figures. The bank's advances for the quarter amounted to ₹85,640 crore, marking a 19 percent year-on-year increase and a 5 percent quarter-on-quarter rise.

Jindal Stainless: The company announced on Wednesday its intention to divest its entire 26% stake in Jindal Coke by September this year. The company has already sold 4.87% of its shares in Jindal Coke for over ₹36.49 crore in the first tranche, with JSL Overseas acquiring these shares at the same price, as per a regulatory filing.

Edelweiss Financial Services: CLSA Global Markets Pte Ltd., a foreign investor, has acquired 2,72,10,507 equity shares in Edelweiss Financial Services. This acquisition, made through open market transactions, represents 2.88% of the company's paid-up equity. The shares were bought at an average price of ₹69.16 crore, bringing the total value of the transaction to ₹188.18 crore. On the other hand,

Vedanta: The company has increased its alumina refining capacity to 3.5 million metric tonnes annually (MTPA). The company has launched a new alumina refinery in Lanjigarh, Odisha, with a capacity of 1.5 MTPA, which is a part of their new 3 MTPA facility. This expansion will raise the total production capacity of the Lanjigarh refinery from the current 2 MTPA to 5 MTPA.

Som Distilleries and Breweries: The board of directors of Som Distilleries and Breweries has given the green light for a stock split. The company's current equity shares, each with a face value of ₹5, will be divided into shares with a face value of ₹2 each. This move is expected to boost retail investor participation and enhance the liquidity of the company's shares.

KEC International: The infrastructure EPC major has received new orders of ₹816 crore across its various businesses, including orders for supply of towers in the United States of America, setting up steel plants in Northern India, and plants for carbon derivatives in Eastern India.

Union Bank of India: The DIFC Dubai branch of Union Bank of India has secured a syndicated term loan amounting to $500 million, which includes an over-allotment option, or "green shoe", of $100 million. The loan is divided into two tranches with durations of 3 and 5 years. This marks the bank's first venture into raising a syndicated term loan at an international center. As of April 3, the bank has already drawn $100 million from Tranche A under this arrangement.

GMR Power and Urban Infra: The company, in collaboration with Shree Naman Developers, has established a joint venture called Portus Ventures. This new entity will be responsible for the design, operation, and upkeep of superstructures on the land parcels at the Mumbai International Airport (MIAL) site. GMR Power and Urban Infra has invested in 26 percent of the total paid-up capital of Portus Ventures, amounting to ₹26,000.

Avenue Supermarts: The company that runs D-Mart, reported a standalone revenue of ₹12,393.46 crore for the quarter ending in March FY24. This is a 19.9 percent increase from the ₹10,337.12 crore recorded in the same period last year. As of the end of March 2024, the company operates a total of 365 stores.
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2024-04-03 13:37:48 ओपन / कमेंट

2024-04-03 13:37:43 Gorilla Investing: Unveiling the Strategy

What is Gorilla Investing as described by Utpal Seth?

Gorilla companies are rare, dominant, and long-lived entities. Think of Amazon or Walmart—industry giants that have stood the test of time and lead their sectors with authority.

Gorilla investing focuses on identifying these powerhouse companies and investing in their long-term potential. Despite initial perceptions of high costs, their sustained growth and market dominance often outweigh short-term expenses.

Key Elements of Gorilla Investing:

- Megatrends: Identifying shifts that shape industries over decades.
- Leadership: Backing companies that lead their sectors.
- Intangibles: Recognizing powerful assets like brand reputation and organizational culture.

How Does It Work?

Gorilla investing isn't about quick gains—it's a strategy for patient, long-term investors. By pinpointing these market leaders and understanding their enduring value, you can build a resilient portfolio poised for sustainable growth.

Takeaway:

While the concept may seem complex, gorilla investing offers a straightforward approach to navigating the markets. By focusing on companies with staying power and industry dominance, you can align your investments with long-term success.

Ready to Invest Like a Gorilla?

It's all about spotting the giants in the jungle and positioning yourself for long-term growth and stability.


Disclaimer : This is not an investment advice and this is not an investment recommendation. ओपन / कमेंट

2024-04-03 13:37:19 ओपन / कमेंट

2024-04-03 13:37:15 Many of us might be regretting not adding more small caps investments after today's strong surge. It's natural to think, "I should have bought more on March 12th or 13th."

But remember, successful investing is more about managing emotions than just following market trends. Just because the market suddenly surged doesn't mean we should rush in and buy at any price.

You might ask, "Why not?" What if 2024 turns out to be similar to 2023, contrary to analysts' predictions of a sideways year?

Let's analyze.

In 2023, the NIFTY Smallcap 100 index rose by about 55%, similar to its performance in 2021, one of the best years in recent history. However, even during these bullish periods:

- The index fell more than 2% on multiple occasions and between 1% and 2% even more frequently.
- In 2021, it dropped over 2% on 14 occasions and between 1% and 2% on 19 occasions.
- In 2022, it experienced similar fluctuations, indicating frequent market swings.

Considering this, if we anticipate 2024 to fall between the performance of 2022 and 2023, then there will likely be plenty of buying opportunities in the coming months.

So, how can we capitalize on these opportunities?

1) Do your homework:
Identify the stocks you want to buy and at what price ranges.

2) Be patient:
Wait for the stocks to reach your desired range.

3) Act decisively:
Buy when the prices align with your strategy, instead of worrying about missing out.

It's easier said than done, but that's why achieving success in the market is never easy!

Disclaimer : This is not an investment advice and this is not an investment recommendation. ओपन / कमेंट

2024-04-03 05:30:15 Top 10 Stocks to watch Today

UltraTech Cement: The company has announced its plan to allocate ₹32,400 crore for capital expenditure over the coming three years, aiming to expand its operations. The firm intends to augment its capacity to approximately 200 million tonnes per annum (MTPA) in the near term. In addition, the company has reported the initiation of two new greenfield projects with an aggregate capacity of 5.4 MTPA.

Zee Entertainment Enterprises: Punit Goenka, CEO and managing director of Zee Entertainment Enterprises Ltd, has announced a voluntary 20% reduction in his salary. Goenka said, "As we strive towards our future goals, the organization is firmly committed to embracing a cost-effective approach. I am currently executing the necessary measures across all company divisions, and I believe the desired shift in mindset should start with me.

Mahindra and Mahindra Financial Services: The company announced a strong performance for the fiscal year ending March 31, 2024, with increases in disbursements and business assets. In March 2024, the company's total disbursements were estimated at around ₹6,100 crore, reflecting a 9% growth from the previous year. The fourth quarter of FY24 saw disbursements of about ₹15,300 crore, an 11% increase year-on-year.

JSW Energy: JSW Energy announced on Tuesday its intention to raise ₹5,000 crore through a Qualified Institutional Placement process. The shares will be sold to high net worth investors and the QIP will be conducted in one or more tranches. The company has not revealed the purpose of this fundraising.

Hindustan Zinc: For the quarter ending in March FY24, Hindustan Zinc reported a 1% year-on-year (YoY) decrease in mined metal production, dropping to 299 kt. However, there was an 11% increase sequentially, attributed to a combination of enhanced mined metal grades and increased ore production across various mines.

Zomato: The company has disclosed that it has been served with a service tax demand and penalty order exceeding ₹184 crore for the period from October 2014 to June 2017. The company said that it plans to contest the order before a suitable authority. The demand order pertains to the non-payment of service tax on specific sales conducted by the company's foreign subsidiaries and branches to its customers situated outside India, as revealed in a late-night regulatory filing by Zomato.

Shriram Properties: On Tuesday, April 2, Shriram Properties said that its subsidiary, Shriram Properties and Infrastructure Pvt. Ltd, has been issued a penalty order of ₹446.79 crore by the office of the Deputy Commissioner of Income Tax, Central Circle 1 (4) Chennai. This penalty is connected to income tax proceedings for FY18 under Section 153C, which pertains to the sale of shares in the subsidiary, as per a filing with the stock exchange.

Axis Bank: The Competition Commission of India announced on Tuesday that it has given the green light for Axis Bank's planned stake acquisition in Max Life Insurance Company Ltd. This approval comes after the company's announcement in August last year about a capital boost from Axis Bank.

Biocon: Biocon Biologics, a subsidiary of Biocon, has finalized the transfer of its branded formulations business in India to Eris Lifesciences. The transaction, conducted on a slump sale basis, is valued at ₹1,242 crore. The business includes metabolics, oncology, and critical care diagnostics.

Anupam Rasayan India: The company has signed a letter of intent with a multinational corporation from Japan. The deal, valued at $90 million ( ₹743 crore), spans over seven years and involves the supply of two advanced intermediates using fluorination chemistry.
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2024-04-02 05:40:00 Top 10 Stocks to watch Today

Aditya Birla Fashion and Retail: ABFRL is contemplating a vertical split of its Madura Fashion & Lifestyle division into an independent publicly traded entity, as stated in a stock exchange filing on Monday. This proposed split is expected to result in two separate publicly traded companies, each functioning as an independent growth platform with unique capital structures and concurrent opportunities for value creation, ABFRL said.

Infosys: The IT company announced on Monday that it has received a tax demand of ₹341 crore for the assessment year 2020-21 from the Income Tax department, on March 31, 2024. Infosys said it is examining the impact of this order on its financial statements for the quarter and fiscal year ending on March 31, 2024. The company is also considering the possibility of filing an appeal against this order.

Reliance Industries, Bharti Airtel, Vodafone Idea: Reliance Jio, the largest telecom company in India and a subsidiary of Reliance Industries, saw an increase of 41.78 lakh mobile subscribers in January 2024, bringing its total mobile user base to 46.39 crore. Bharti Airtel, led by Sunil Mittal, also experienced growth, adding 7.52 lakh wireless subscribers and raising its total mobile count to 38.24 crore during the same period. Conversely,

Sanofi India: Rodolfo Hrosz, managing director of Sanofi India, said in an interview with Mint that the company is focusing on India and has extensive plans to further strengthen its presence in this crucial region. In line with its strategy, Sanofi will launch new products, including Soliqua, a pre-mix insulin drug, and Xenpozyme, a treatment for late-onset pompe disease.

Hindustan Aeronautics: HAL announced on Monday that it has achieved a revenue from operations exceeding ₹29,810 crore (provisional and unaudited) for the fiscal year 2023-24, marking an approximate growth of 11 per cent, compared to the 9 per cent growth in the previous fiscal year. The revenue for the preceding year was ₹26,928 crore, as stated by the defence PSU headquartered in Bengaluru.

NTPC: On Monday, the state-owned power company announced that it has augmented its power generation capacity by 3,924 MW in the fiscal year 2023-24, thereby raising the total installed capacity to approximately 76GW. This increase includes the inauguration of the second unit in Bangladesh and the first-ever capacity addition by its subsidiaries, NTPC Green Energy Ltd (NGEL) and NTPC Renewable Energy Ltd (NREL), during the fiscal year ending on March 31, 2024, as per a company statement.

Alembic Pharmaceuticals: The company announced on Monday that it has received provisional approval for its generic Ribociclib tablets, which are used in breast cancer treatment, in the quarter ending March. The US Food & Drug Administration has granted tentative approval for Ribociclib tablets with a potency of 200 mg, as stated in a regulatory filing by Alembic.

South Indian Bank: On Monday, April 1, the South Indian Bank released its fourth-quarter business update, revealing that the bank's gross advances rose to ₹80,337 crore, up from ₹77,786 crore in the previous quarter. The bank also saw an increase in total deposits, which reached ₹1.02 lakh crore, compared to ₹99,155 crore in the previous quarter.

AU Small Finance Bank: On Monday, AU Small Finance Bank (AU SFB) successfully merged Fincare Small Finance Bank (Fincare SFB) into itself, marking the first such consolidation in the sector. This all-stock merger, initially announced on October 29, 2023, saw Fincare SFB shareholders receive 579 AU SFB equity shares for every 2,000 they held in Fincare SFB.
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