KARNATAKA PROPERTY MARKET
Neither PSU, nor fully private: 7 mid and small cap banks which are hybrid model in many ways with an upside potential of up to 41 %
Banking, a sector where in the last two years winds have blown into as many directions as one could have imagined. Normalization of valuation in large private sector banks, a clean up in the PSU space. Then there is a third set of banks, where probably all these things happened. Right from tech upgrade, clean up of balance sheet, expansion of network and partial upgrade of valuation. In the last few days, there has been a debate about PSU and private banks. The third set of banks is once again not finding much mention on the street. But the fact is that over the last few years, they have been improving their performance, but because they are not majorly in the eyes of either policy makers or the street, they tend to get less attention. The reason for the improvement is a simple one, when RBI makes a change in law, it applies equally to all, whether it is HDFC banks or SBI or a bank which is neither private nor public and are some sort of hybrid. So, these lesser talked ones are a set which come with their own shortcoming and strength.
Higher probability of re-rating and relative outperformance in volatile markets: 5 metal stocks with upside potential of up to 37%
Whether one likes it or not, the fact is that sectoral trends dominate the market move and sectoral rotation does take place. But if one looks at sectoral rotation, most of the time there is an underlying fundamental reason why sectoral rotation takes place. If one looks at the performance of the metal sector stocks in the last few months, there are indications that some amount of money is flowing back to the sector. Even in the last four trading sessions which were very volatile, it has been metal stocks, which have shown relative strength. It is probably because of two reasons, first the fact that After the IT sector companies, metal is another sector where the fortunes of Indian companies are more tied to what is happening globally rather than what is happening in India. Second, recovery in China seems to be gathering pace and the fact is, there are some filing which one can see on stock exchanges, around increase in prices by some companies. It would be better to have them on watchlist because they have shown a tendency to see sharp spikes even before the news comes.
Suited for investors with long-term time horizon: 5 midcap stocks with upside potential of up to 30%
If one looks at how the sentiment cycle has moved in the last five months for the mid-cap, it has come full circle. At the start of the year 2024, “hope” nothing can go wrong with mid-caps, so load them. Then comes fear in the middle of February which peaks by the end of March. The again hope in April and now at this point of time “confusion” At this point of time the question whether “ I should sell or buy more” needs to be replaced by “what business do I own and whether that business is going to grow or not” The reason why it is important to change the question itself is the fact that it business on the ground which will make the difference between in final returns. Another thing is whether the management has seen good and bad times, because that is what gives them the ability to deliver in all conditions.
Stocks to buy: Bet on stocks with good entry points now; 5 stocks with up to 27% upside potential
Stocks to buy: Identifying recently corrected stocks with good fundamentals can be effective in the current market. Moving averages help distinguish between stocks in correction and those in a bear trend. Stocks that have seen a recent correction and are fundamentally sound can prove good investment bets.
Focussed ‘underlying business’ approach of long-term investing: 5 non-Nifty largecap stocks with upside potential of up to 39%
Whether one accepts it or not, when someone uses the word large cap, first names which would come to mind would be nifty stocks. Because somehow the word large cap has become synonymous with nifty stocks. But the fact is that the world of large caps is much bigger and there are stocks which have been able to show strong out performance in troubled times of volatility, we take a look at them. When it comes to long term investing in the same industry, some players are able to show better performance in terms of growth. This could be because of belonging to a strong group, because the management had set the business in a way that it is able to take headwinds or the market size is so large that growth is bound to make and it comes with better margins to efficient players. We take a look at 5 stocks where the underlying business is strong and good to own business for the long term.
Lok Sabha Polls 2024: 'Raja, Maharaja, Shehzada...': PM Modi accuses Rahul Gandhi of insulting India's royals in Karnataka rally
Prime Minister Narendra Modi launched a scathing attack on Congress leader Rahul Gandhi at a rally in Belagavi, Karnataka, accusing him of insulting India's royals by calling them "land-grabbing tyrants" while staying silent on historical figures like nawabs, nizams, sultans, and badshahs. Ahead of the May 7 polls in 14 Karnataka constituencies, Modi held rallies in north Karnataka, criticizing Congress for appeasement politics and failing to address issues like the Neha Hiremath murder case. He also reiterated allegations of Congress planning a 55% property tax and highlighted achievements like boosting toy exports.
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Sumadhura Group expands footprint with 40-acre land acquisition in Bengaluru's high-growth corridors
Sumadhura Group, a Bengaluru-based real estate firm, has acquired approximately 40 acres of land worth around Rs 800 crore through a combination of outright purchases and joint development agreements. These parcels, situated in high-growth corridors of Bengaluru, are expected to yield revenue of Rs 6,000 crore.
Corrections are opportunities for long term investors: 5 midcaps with right mix and upside potential of up to 46%
For the next couple of weeks, what will dominate the narrative on the street would be the action and expectation from the US Fed and Iran’s attack on Israel and whether it escalates further or not. At a time when events where no one has any control are hitting the street, two things are most important, first, don't react in panic. Now panic is not only about selling because the news is negative, but also about buying just because stock prices have fallen from its recent high. It is time to remember that there is not even a single year in the last 25 years, when there has not been an issue which made it appear that the world is going to crumble. But the fact is good businesses have still grown, valuations have still risen and broader markets have moved higher. So, these geopolitical tensions are part of life only if one focuses on what one is investing into and puts more checks and balances so that one is able to bring in the element of margins of safety.
Are select metals prices indicating China’s economic revival? 5 metal stocks with upside potential of up to 23%
Few days back, there was a sudden spurt in oil prices, though they might have cooled down a bit. The question is why this sudden spurt when there has not been any rise in tension in the Middle east and it is not even the peak season where demand for heating oil could have led to sudden rise. Now combine this with price trends in some non ferrous metals like copper which have inched upward to form a one year high. While to some it might appear far-fetched at this point of time as there have been many false starts, are the commodity markets giving an indication that finally there are some green shoots in the Chinese economy? The risk is the US election result. Will the election results help in resolving the trade issue or continuation of the issues ?
ITC Hotels expands presence in South India, signs Welcomhotel Madikeri
ITC Hotels signs management agreement with Narne Hotels to expand Welcomhotel brand in South India. The 150-key hotel in Madikeri, Karnataka showcases ITC Hotels' expertise in hospitality and regional cuisine. Madikeri offers green valleys, coffee plantations, spice trails, and the rare Neelakurinji flower.
Water, traffic woes threaten Bengaluru's Silicon Valley tag
Bengaluru's water crisis and traffic gridlock threaten its tech-driven economy and property market. Hyderabad and Pune emerge as alternative tech hubs. Investments in infrastructure and water management are crucial to restore confidence and maintain Bengaluru's global stature.
Upfront cost on property registration goes up in Karnataka
Currently, the stamp duty in Bangalore is 6.6% of the property's market value. The advance stamp duty will be adjusted against this at the time of the registration of the property. For resale, there is no impact as property registration often happens in a month.
Karnataka Budget: Govt to waive interest on overdue loans of district cooperative banks
"Our government has decided to waive off interest on medium and long-term overdue loans of DCC and Primary Cooperative Agriculture and Rural Development (PICARD) banks. This will benefit more than 57,000 farmers. As a result of this scheme, the DCC/ PICARD banks will be able to recover loans to the tune of Rs.496 crore," Siddaramaiah said.
Karnataka HC allows liquidator to go ahead with valuing UB(Holding) assets in Bengaluru, Mumbai
The Karnataka High Court has granted permission to the official liquidator of UB (Holdings) Ltd. to proceed with the valuation process of UB Towers and Rustumji Residency in Bengaluru, as well as HB Wallace Apartments in Mumbai, despite objections from HDFC Bank and SBI. Prestige Estate Projects did not oppose the process.
Justo Realfintech aims to grow portfolio nearly 3x in 2 years
Justo Realfintech plans to expand its sales portfolio to 8.5 million sq ft over the next two years, focusing on new markets like Hyderabad, Bengaluru, Andhra Pradesh, Karnataka, and Tamil Nadu. The expansion will also include key eastern Indian cities and international forays, starting with the Dubai property market. The company's current portfolio spans over 3 million sq ft and has sold over 8,500 apartments with 4.5 million sq ft of residential space across 80 projects.
After a troubled phase, ready for re-rating ? 7 housing finance stocks with a upside potential of up to 34%
In theory, lower interest rates are supposed to push demand for real estate. but if one looks at what has happened in the last one year, this theory has been turned upside down. Interest rates are high on a relative basis as compared to what they were three years back, but still demand for real estate has not been impacted. It is the economic growth which matters for the demand of real estate. There are two or three ways to play to the real estate boom. One of them is the housing finance companies, which had gone through its fair share of problems then a clean up in the last few years. A number of them have also implemented tech solutions both from growth and controlling non performing assets NPAs.
Bengaluru real estate continues to show resilience
Over the last 25 years, Bengaluru's property market has shown remarkable resilience and growth in all sectors. Pre-pandemic residential sales averaged Rs 10,000 crore per quarter, expected to double soon. Emphasizing quality over return on investment, Bengaluru's market stands out from Mumbai. The city has excelled in residential, commercial, and office spaces, contributing significantly to sales and absorption. Bengaluru remains a prime choice for multinational companies due to government support and rapid clearances. With rates showing a 35-65% rise in different segments over three years, suburbs now offer self-sustained living akin to the city center.
Karnataka: Sub-registrar office timings extended as property buyers queue up ahead of guidance value hike
Property buyers are rushing to sub registrar's offices after Karnataka announced increased the guidance value of immovable properties as much as 30%, effective October 1. They want to complete the registration process before October 1 to save on the additional stamp duty as well as the registration costs.
BJP slams government for increasing guidance value of properties in Bengaluru
The Opposition BJP criticized the Congress regime in Bengaluru for increasing the guidance value of immovable properties by up to 30%. The BJP accused the Congress of seeking new ways to increase tax revenues after draining the State coffers within four months of coming to power.
Increase in guidance value will be very modest: Karnataka Revenue Minister Krishna Byre Gowda
As Karnataka proposes to make changes to its guidance value (circle rates) of properties after a gap of four years, Revenue Minister Krishna Byre Gowda explains why and how they are approaching the subject, in a chat with ET's KR Balasubramanyam. Edited excerpts:
Property market: Transaction values to go up as Karnataka sets out to revise guidance value
The stamps & registration department has collected Rs 6522 crore as of August 21 this fiscal year compared to Rs 6142 crore during the same period last year. The Finance department has factored in an increase in guidance value while fixing the revenue target this year. Karnataka introduced the guidance value system in the 1990s to plug leaks in stamp duties through under reporting of the value of transactions.
Karnataka: CM Siddaramaiah taps booze, property markets to fund poll pledges
The excise duty has been proposed to be increased by 20% on Indian-made liquor. On beer, the additional excise duty will be raised to 185% from 175%. "Even after the increase in excise rates, the price of liquor in our state would be lower when compared to the neighbouring states," the chief minister said, presenting the fiscal 2023-24 budget of the new Congress government
Ahead of Market: 10 things that will decide D-Street action on Thursday
The overall uptrend status of Nifty remains intact. Though, the market is placed at the new highs, the selling pressure has not been emerging from near the hurdle. If such a pattern continues for the next 1-2 sessions, without showing any further damages, then that could eventually result in a sharp upside bounce in the market. Immediate support is at 19300 levels,” said Nagaraj Shetti, Technical Research Analyst at HDFC Securities
Tech glitches fixed, property registrations to be hassle-free, says minister Krishna Byre Gowda
The software splits the property registration process in three parts. Applicants go through an online ‘pre-registration’ process, where they fill in their details on a portal and send it for online verification to the sub-registrar. They get a verified document and can schedule an appointment for the registration process.
Mining multibaggers! 10 stocks chased by FIIs in FY23 rally up to 300%
Foreign institutional investors (FIIs) have been steadily increasing their stakes in over 110 Indian stocks for the past four quarters. ACE Equity data shows that the top 10 of these investments have delivered returns of up to 300% in the past year. One of the most successful investments for FIIs in India is in Axita Cotton, which has rewarded the investors' conviction with a 305% return in the last 12 months. However, not all FII picks have been successful in the near term. As of writing, analysts expect the worst of FII outflow to be over.
Stocks in news: Ultratech Cement, Orient Electric, RVNL, Wheels India, NCC
Auto companies will be in focus on Monday after the companies reported sales updates for the month of March. Maruti Suzuki and Tata Motors reported their highest-ever dispatches to dealers last fiscal, enabling the domestic passenger vehicle industry to log in best-ever performance to date.
Stock market update: Nifty Realty index falls 0.02% in an upbeat market
The Nifty Realty index was trading 0.02 per cent down at 437.6.
ESR inks an MoU with the government of Karnataka envisaging Rs 2,500 crore investment
It is the one of the most significant investments to be made within a period of 3 years by a new economy real estate developer in India. This initiative will help generate 5500 jobs in Karnataka. The MoU was signed at the Invest Karnataka Global Investors meet in Bengaluru.
Stock market update: Nifty Realty index advances 0.31%
The Nifty Realty index closed 0.31 per cent up at 443.05.
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