ANNUAL PERFORMANCE
Midcaps stocks for long term investors: 5 stocks from different sectors with right financial & growth matrix and upside potential of up to 49%
Buying quality stocks should be one of the basic principles while investing in markets. But when one is buying mid-cap stocks this principle becomes even more important for multiple reasons. At this point of time, when valuations are high and small corrections can lead to strong negative reactions in stock prices. So, while capital gains is the objective, never lose the perspective of protecting capital from sudden shocks. Now how does one do it? Look at the underlying business which is best understood by going through its annual report and look at a certain basic ratio in order to figure out how much return that underlying business can generate in best and worst case.
Fiscal deficit in April-May at 3% of annual target
The official data revealed the fiscal deficit reduced significantly between April and May, indicating financial improvement. Analysts foresee a faster fiscal consolidation than expected, with potential to enhance expenditure. Aditi Nayar from ICRA highlighted the positive revenue trend, showcasing opportunities for economic growth and sustainability.
ITC chairman's net remuneration in FY24 grew 80%, executive directors also got more
As the ITC chairman, I oversee a team of executive directors whose remuneration has significantly increased in FY24. The increments are linked to our financial performance and market competitiveness, with specific focus on performance bonuses, long-term incentives, and commissions.
ITC Hotels witnessing growing interest among property owners to partner with its brand : ITC Annual Report
ITC Hotels' strategic expansion across diverse segments led to significant revenue growth, surpassing Rs 1000 crore in Segment EBITDA and witnessing a remarkable 39% increase in Segment PBIT.
Adani Ports enters Sensex, Wipro exits as part of semi-annual rejig
Adani Ports joins Sensex as Wipro exits. The inclusion of APSEZ brings $259 million in passive inflows. Seven stocks' weights to rise: Bharti Airtel, Infosys, Kotak Mahindra Bank, ICICI Bank, Tech Mahindra, Tata Steel, and IndusInd Bank.
Bajaj Auto looks to sustain domestic business momentum; recover export volumes
Bajaj Auto aims to sustain momentum in domestic business and expand production capacity for new ventures. Chairman Niraj Bajaj expects robust demand in FY2024, with a focus on recovering export volumes.
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Error in AIS: How to correct errors in Annual Information Statement to file ITR
ITR filing: The Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayers can provide feedback on information displayed in AIS.
Government of Meghalaya recognizes best performing young farmers with awards and seed-money
The Department of Agriculture & Farmers’ Welfare in Meghalaya awarded cash prizes to eight Best Performing candidates under the 'Training of Rural Educated Youth for Self-Employment on Farm-Based Activities' (TREYSEFA) program. The Minister for Agriculture, Mazel Ampareen Lyngdoh, commended the candidates and highlighted the importance of supporting farmers. Maqbool Suiam, the Principal of BATC, praised the program and its impact on rural youth.
IIT Bombay slaps Rs 1.2 lakh fine on students for derogatory "Ramayana" play
IIT Bombay has fined eight students for staging a play deemed derogatory to the Ramayana during its Performing Arts Festival. The disciplinary action followed complaints alleging the play mocked cultural and religious values. Graduating students were fined ₹1.2 lakh each, and juniors were fined ₹40,000 each. The controversy sparked a debate on artistic freedom and respect for religious sentiments, with opinions divided on the institute's decision.
Smallcaps: Narrative might go against them, but if chosen with right filters, don't bother, 5 stocks from different sectors with long term perspective
When investing in stock markets, it’s crucial to make the distinction between high-quality and poor-quality businesses across the small, mid, and large-cap spectrums, as well as the difference between the intrinsic value of a stock and the overall value of the company. Certain niche small businesses may still generate significant returns over time if they are held long enough. On the other hand, if one's approach to small-cap investments is merely based on the absolute value of a stock with hopes of a tenfold increase, then it's a misconception. Stock market investing, whether in small, mid, or large caps, should not be driven by unrealistic expectations; otherwise, it leads to nothing but undue stress, rather than substantial returns.
RSS seeks to quell suggestions of rift with BJP following Mohan Bhagwat's remarks
RSS denies rift with BJP, clarifying that Mohan Bhagwat's recent comments were not aimed at the ruling party. The annual coordination meeting with BJP and affiliates is scheduled in August. Bhagwat's remarks were misinterpreted, with RSS stating there's no rift and his speech was consistent with past post-election addresses. RSS dissociates from Indresh Kumar's comments on BJP's poll performance. RSS emphasizes its role in creating awareness, not campaigning, during elections. RSS expects to be part of the consultation process for appointing the new BJP president.
Muslims start the Hajj against the backdrop of the destructive Israel-Hamas war
This year's Hajj came against the backdrop of the raging war in the Gaza Strip between Israel and Palestinian militants, which pushed the entire Middle East to the brink of a regional war between Israel and its allies on one side and Iran-backed militant groups on the other. Palestinians in the coastal enclave of Gaza were not able to travel to Mecca for Hajj this year because of the closure of the Rafah crossing in May when Israel extended its ground offensive to the strip's southern city of Rafah on the border with Egypt.
Smallcaps: Don't be afraid of narrative against them, but surely check critical points: 5 stock from different sectors for long-term investors
Soon after election results, there was and probably still there is chatter on the street that small caps are not going to see the same kind of performance as they have seen in the last two years. Can anyone argue against a broad based statement ? Probably, No. But then expecting a small cap rally all the time is also incorrect. There are more than 2000 small caps stocks, a handful are actually worth looking at and even fewer worth having in a portfolio. If one is able to get the right of the small cap stock then the returns are extremely high, but at the same time, risk of getting it wrong and capital erosion is ever present. At times when one cannot rule our phases of volatility, for investors looking for small caps, some rules need to be followed to avoid wrong decisions of buying in haste or selling in panic.
Neo Asset raises Rs 2,575 cr for Credit Opportunities Fund
Neo Asset Management has closed its first Special Credit Opportunities Fund, raising ₹2,575 crore from high-net-worth individuals and family offices. The fund targets a gross internal rate of return (IRR) of 22-24% by investing in non-triple-A-rated companies with operating profits.
Higher ability to withstand volatile market: 5 large cap stocks from different sector with right level of RoE and upside potential of upto 32%
In the last ten years, there are many industries which have either emerged as fresh plays or there are some which have emerged due to the fact that troubles they were facing have gotten over. This led to the emergence of a new set of large cap companies. A number of them have a strength which is not easily replicable either because of the fact that industry is such that it can have only one or two players, in case of other the need of service and size of the industry is so big that there is room for everyone to grow and this particular player has its house in order to grab bigger share and grow more efficiently. The reason why it is important to focus on such players is the fact that these players will have an alpha when it comes to growth. Also a big reason is that the growth path of these companies is stronger than many others.
Tweak NPS allocation, increase SIPs by 5% every year to achieve ambitious goals
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
IT CEOs' salary in FY24; Wipro offers 85% variable pay
Happy Wednesday! Top bosses at some of the country’s leading IT firms took home enhanced salary packages last fiscal. More on this on today’s ETtech Morning Dispatch.
Series AA 127- The EV transformation-Part 1: How a multibagger got fresh tailwinds & gave 22,334% return in the last 20 years
Excerpts from its annual report for 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.
These 36 equity mutual funds never gave negative annual returns in 10 years of Modi government
ETMutualFunds analysed equity schemes spanning diverse categories, tracking performance from 2014 to 2023 under the Modi government. Notably, 36 schemes consistently delivered positive returns, showcasing resilience across various market conditions. Notable inclusions are arbitrage, equity savings, balanced advantage funds, among others
Royal Orchid Hotels reports PAT of Rs 50.82 cr for FY24
Royal Orchid Hotels Limited reported a total income of Rs 312.70 crore for FY 2024, up from Rs 279.69 crore in FY 2023. In Q4 FY 2024, the chain's total income was Rs 82.30 crore, up from Rs 76.54 crore in Q4 FY 2023.
Sunteck Realty records highest-ever pre-sales of Rs 1,915 crore in FY2
Realty developer Sunteck Realty has reported its highest-ever annual performance in terms of pre-sales at Rs 1,915 crore for the financial year 2023-24 as against Rs 1,602 crore a year ago. The company’s net profit for the year rose to Rs 71 crore from Rs 1 crore a year ago, while core operating profit grew 63% to Rs 266 crore. Total revenue increased to Rs 565 crore, up 56% from Rs 362 crore a year ago.
Oyo’s maiden annual profit; RBI guidelines for fintech SRO
In a significant turnaround, hospitality startup Oyo reported its first annual profitable fiscal on Thursday. This and more in today’s ETtech Top 5.
India may outpace Nutanix’s global growth metrics: CEO
CEO Rajiv Ramaswami told ET in an exclusive interaction on the sidelines of the company's annual .NEXT conference in Barcelona that Nutanix sees its India growth rate outpacing its projected global metrics for Annual Recurring Revenue (ARR) and profitability.
Aurum Analytica: Transforming real estate with Data Science and AI
Aurum Analytica, a data analytics firm in real estate, uses data science and AI. CEO Prakash Tejwani and co-founders Sahil and Vishal discuss the company's mission and growth.
Air India gives salary increments to staff; announces target performance bonus for pilots
Air India unveiled its annual salary increments for employees and introduced an annual target performance bonus for pilots, marking the first appraisal cycle since the Tata Group assumed control of the struggling airline over two years ago. Alongside the rise in fixed pay for the fiscal year 2023-24, Air India has implemented an element of annual target performance bonus for its pilots, contingent upon both company-wide and individual performance. This addition will take effect starting from the fiscal year 2024-25.
Domestic air traffic rises to 1.32 crore in April
As many as 1,370 passengers were affected due to denied boarding, with airlines spending Rs 136.23 lakh towards compensation and facilities in this regard, as per the Directorate General of Civil Aviation (DGCA) data. The data showed there were a total of 32,314 flight cancellations in April and airlines spent Rs 89.26 lakh towards compensation and facilities.
Godrej Properties records best-ever quarter, annual performance
The company’s net profit for the quarter rose 14% on-year to Rs 471 crore and to Rs 725 crore for the financial year 2023-24. The March quarter was the company’s highest-ever quarterly sales for the third consecutive quarter with the sale of 5,331 homes with 8.17 million sq ft area sold.
How to make most of the annual bonus: Save 56% more if you invest Rs 2 lakh in equity mutual fund than prepaying home loans
This is the time of the year when many people get their annual appraisal done and receive their hard earned performance bonus or incentives. This is a significant amount which everyone wants to make the best use of. If you have a home loan outstanding then there is always a tendency to make a partial prepayment to bring down loan outstanding. However you also have the option to invest in equity MF which can potential give good return over long term. So you need to check which option works better for you.
Annual performance appraisal: Take charge of the most important discussion of the year
This is the time for annual goal setting that will determine how you will be measured next year, your likelihood of success or failure and your prospects for growth.
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