SR SHAREHOLDING RULES
Business first, stock second: 5 largecap stocks where management & business are better placed with an upside potential of upto 23%
What does a hospital, chemical or rather specialty gas supplier, FMCG, and real estate company have in common? Surely not the product. What binds them is the ability of management which has been tested in tough times. Another common factor, business is such that returns on investment are higher and are also consistent. The reason why these things become important at this point of time is the fact that in bull markets, there is no dearth of explanation and narrative, when putting money one has to look at one reason which becomes the focal point to avoid panic when there is correction. So, if the management and business are good then corrections will come and go and in the long term higher return would compensate for the patience which one shows in the times of correction.
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.
For moderate risk takers: 5 midcap stocks from different sectors with right ratio matrix and upside potential of up to 29%
March was a month where mid-cap were beaten down badly. April till now has shaped up better. Now this flip flop of performance has led to a situation where there is a high probability of investors getting confused about what they should do at this point of time, should one avoid mid-cap space or increase exposure. While it should always be the principle, in times of lack of clarity, buying quality stocks should be basic principles which should guide one's decision. Especially when one is buying mid-cap stocks. The reason, when valuations are not cheap then small corrections in broader can lead to strong negative reaction in stock prices. 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.
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.
Multibagger Tracker! This footwear stock turns Rs 10,000 to Rs 1.2 lakh in just 10 years
In the recent past, the stock rally faded away to an extent and returned 13% to investors in the last six months. The past three months saw the shares rising by 9%.
ETMarkets Smart Talk: We see 4x-5x growth in mutual fund industry in next 10 years: Amar Deo Singh
Amar Deo Singh of Angel One says: "The investor base in the mutual fund industry has an enormous growth potential. Investors capitalize on market volatility and profit-taking. RBI is likely to cut rates in 1H 2024. SIP contributions have surpassed Rs 18000 cr. Retail is the new backbone for equity markets."
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Better placed for recovery? 6 housing finance stocks with an upside potential of up to 30%
Housing finance as an industry had its fair share of controversies. If one looks at the root cause of the NBFC crisis, it is clear, it was housing finance companies which were at the centre of the crisis. If one looks globally also, either directly or indirectly, they have been at the root of a financial crisis or a scam. One of the reasons why this sector carries such risk is that the underlying asset, which is real estate itself, is both cyclical and non-transparent. Despite all the ills, one of the biggest wealth creators in the history of the Indian stock market has been a housing finance company, erstwhile HDFC which now merged with HDFC bank. So, while they must have a portfolio, what you own is more important.
Tata's multibagger! This consumer discretionary firm turns Rs 10,000 to Rs 1.4 lakh in just 10 years
In the last five years, Titan's stock has more than tripled investors' wealth. While the growth has moderated (30%) in the last one year, it still beat the benchmark Nifty, which gained about 7% in the same period.
Fintech threat might be overrated. Is it better to own both the mutual fund and their parent company?
Some time back, the entry of a well known startup founder into the mutual fund space led to lots of chatter on the street about how he would be able to use technology to change the face of the mutual fund industry. The reality is very different, the mutual fund house hardly has any significant AUM after being in business for some time. The narrative was based on the experience which Street had in the broking industry, where the startup and tech led discount brokers were able to become the largest brokers in a short span. But in mutual space, the operating matrix is very different and fin-tech might be overrated.
For risk takers: 5 smallcaps with right mix of ROE and ROCE can rise up to 30%
For all those who are thinking of increasing their exposure to smallcap stocks, there is a principle to remember, they are first to fall and last to rise. It is not the first time, but for decade’s this has been the trend and there is a reason for it to happen. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from small cap space with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy" and also meeting parameters like return on equity and return on capital employed
Adani purchase of NDTV founders' stake may test acquisition rules
While the deft legal move shows the ingenuity of the tycoon and his dealmakers in clinching acquisitions — Adani’s entry into NDTV four months ago was also via an indirect route — it could invoke the regulator’s scrutiny on grounds that it is unfair to common shareholders.
Most companies stick with auditor after 5-year term
The Companies Act 2013 says that a firm of auditors cannot be appointed as auditors for more than two terms of five years, according to rules that went into force in 2017. When an auditor's five-year terms are up, the firm can't be re-hired for another five years.
Tata Sons clears changes to Articles of Association at AGM
ET had reported August 12 that the Tata Trusts - the largest stakeholders in Tata Sons - are consulting legal experts to examine the possibility of including a clause in the trust deeds to the effect that the same person cannot head them as well as holding company Tata Sons, while honouring the wills of the founders.
SP Group may raise 'low dividend' issue at Tata Sons AGM
The Tata Group holding company posted a 164% rise in net profit to ₹17,171 crore in the year ended March and announced a dividend cash outflow of ₹404.15 crore, or about 2.4%. Officials close to the SP Group said this is meagre against the industry normal of more than 25% and over 70% at Tata Consultancy Services (TCS).
What are the new rules for determining NRI status in India and how income will be taxed
Till the end of FY 2019-20, NRIs (including Indian citizens and PIOs) included those who visited India for less than 182 days in an FY. The Union Budget 2020 reduced this period to 120 days for NRIs whose taxable Indian income exceeds Rs 15 lakh in a financial year. Here is a look at the amendments to the criteria determining 'residential status' applicable for the current financial year.
India Inc raises concerns over a few of the related party transaction norms
India Inc is concerned over some of the new related party transaction (RPT) norms prescribed by the Securities and Exchange Board of India (Sebi) for listed companies which will come into effect from April this year, and has made representations through industry bodies like the Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI) to amend these provisions.
Sebi eases eligibility criteria related to superior voting rights shares
The regulator said while determining the individual net worth of the SR shareholder, his investment/ shareholding in other listed companies shall be considered, but not that of his shareholding in the issuer company.
Insurers vs Aggregators
In today’s ETtech Morning Dispatch: Unacademy raises $440 million at $3.4 billion valuation to fuel its diversification plans, IndiaTech asks Sebi to tweak rules on SR shares, and Zomato rolls out an incentive scheme for delivery partners.
IndiaTech proposes key changes in SR shareholding rules to Sebi
The conversation around shares with superior voting rights, or SR shares, is happening at a time when several Indian startups —from Paytm to Policybazaar—are looking to tap the public markets via IPOs.
Sebi proposal may bolster IPO-bound founders’ rights
The proposals have the potential to help founders dilute stakes without losing control, make tax structures more efficient and help in succession planning.
Sebi proposal may bolster IPO-bound founders' rights
Move may help founders dilute stakes without losing control, make tax system more efficient
Sebi proposes key changes to superior voting rights shares
Under Sebi rules, the definition of promoter and promoter group is very broad and can include a large set of relatives and entities. Investments and net-worths of such relatives and entities would also be considered for determining the collective net worth.
Sebi notifies relaxed rules for listing start-ups
The changes have been made to the framework for listing on the Innovators Growth Platform (IGP), according to two separate notifications issued on Wednesday.
Future won’t legally challenge SIAC ruling on deal with RIL
SIAC said FRL chains are unique and are of strategic importance and value to Amazon. Future Group has given no good legal reasons for affecting the sale of FRL’s retail assets behind Amazon's back and therefore ‘gravely compromising its interests’, it added.
Future Group may argue companies involved in Reliance deal not party to Amazon case
Consequently the transaction cannot be challenged, according to industry sources familiar with Future's strategy, in case of a legal confrontation. "Future Retail (FRL) is not party to the case," said one of the people cited. FRL is the flagship food and grocery business of the Future Group that houses Big Bazaar, Easyday, HyperCity and Nilgiris.
GAAR ambiguity clouds corporate revamp
Ambiguity looms large over the transactions by way of GAAR.
Tata vs Mistry: Can judiciary overrule shareholders in company matters?
To be reinstated, a director has to be either co-opted by board members or re-elected by shareholders.
Rungtas accused of excessive mine holdings by Common Cause
The allegation was made through written submissions to a committee of two former Supreme Court judges--GS Singhvi and Anil Dave--tasked with investigating 16 cases of illegal mining in Odisha.
How unconditional warmth has endured Daruvala and Mistry families in engineering venture together
The families’ association dates back to 1927, when Meherwan Daruwala founded Wilson Electric Works, a small contractor in Meadows Street, Mumbai.
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