Dividend stocks: Hindustan Zinc, IRB Infra, Coforge among 5 stocks to trade ex-dividend today
Hindustan Zinc has declared an interim dividend of ₹10.00 per equity share, IRB Infrastructure Developers has declared an interim dividend of ₹0.10 per equity share Key Points
mintDividend stocks: SBI Cards, REC, CRISIL among 9 stocks to trade ex-dividend today
SBI Cards and Payment Services has declared an interim dividend of ₹2.50 per equity share, REC has declared an interim dividend of ₹4.50 per equity share Key Points
mintStocks in news: Angel One, CDSL, Apollo Pipes, Cipla, Aster DM Healthcare
Equity indices declined on Tuesday. Angel One, CDSL, Apollo Pipes, Cipla, Aster DM Healthcare among top stocks to track today. Key Points
Economic TimesAll 4 best performing mutual funds since last Holi are about PSU stocks. Did you miss the boom?
We considered all equity categories such as large cap, mid cap, large & mid cap, multi cap, small cap, ELSS, flexi cap, focused fund, value, contra, sectoral and thematic funds. We calculated returns starting from March 8, 2023 to March 22, 2024. We considered all regular and growth option schemes. Key Points
Economic TimesInvestors warm up to Vi, but put the fundraising call on hold amid stock fluctuation
Vi plans to raise ₹45,000 crore by the June quarter. Its board last month approved raising ₹20,000 crore via equity or equity-linked instruments. The telco plans to raise another ₹25,000 crore in loans. Key Points
Economic Times
The many flawed equity investing rules of retail investors that don't stand up to scrutiny when it comes t
Most retail portfolios tend to have many bets, many stocks, bought and held for various reasons. They dislike admitting it, but they do hold a portfolio of stocks, many of these losing value, but not sold. No one asks them to measure the return, or check if they really beat the market index. As long as there is a winner, they feel validated. Key Points
Economic TimesGovt to sell 7% in NLC India via offer-for-sale, aims to raise ₹2,058 cr
The government plans to offload a 7% stake in NLC India through an offer-for-sale (OFS), including a green shoe option of 2%. The OFS, opening for non-retail investors on Thursday and for retail investors on March 11, aims to raise around ₹2,058 crore. The floor price is set at ₹212 per equity share, at a discount to the closing price of ₹226.7 apiece on Wednesday. Key Points
Economic TimesVodafone Idea gets board nod to raise Rs 20K crore via equity, debt
Vodafone Idea board on Tuesday approved a fund-raise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments, the... Key Points
The Tribune IndiaVodafone Idea plans to raise about Rs 45,000 crore via equity, debt
Vodafone Idea plans to raise up to Rs 20,000 crore through equity and equity-linked instruments. Promoters, bankers, and counsels will participate. De Key Points
Times Of IndiaBharti Airtel to allot 38.6 lakh equity shares to certain FCCB holders
India Business News: Bharti Airtel will allot 38.6 lakh equity shares at Rs 518 per share to certain FCCB holders, increasing the company's paid-up equity share capital. T Key Points
Times Of India
Dividend 2024: Shares of CESC, Route Mobile, Havells India, Puravankara, 3 others to trade ex-dividend today
CESC has declared an interim dividend of ₹4.50 per equity share, Route Mobile has declared an interim dividend of ₹3.00 per equity share Key Points
mintUS fund Platinum in talks to buy Inventia Health
US buyout fund Platinum equity Advisors is in talks to acquire Mumbai-based contract drugmaker Inventia Healthcare at a valuation of ₹2,500 crore ($300 million). Existing investors InvAscent Capital and Jacob Ballas are set to exit their investments while promoter Janak Shah and family will retain a minority stake. Post the transaction, the promoter family intends to continue leading the company. Rothschild & Co and Stifel Financial Corp are running the sale process of Inventia. Key Points
Economic TimesSuraj Estate Developers raises ₹120 crore from anchor investors ahead of IPO
The company has allotted 33.33 lakh equity shares to 11 funds at ₹360 apiece, which is also the upper end of the price band. Key Points
mintSpiceJet to raise Rs 2,250 crore through equity shares
New Delhi, Dec 12 (PTI) Crisis-hit SpiceJet on Tuesday said it will raise fresh capital of Rs 2,250 crore through issuance of equity shares. The airline’s board has approved the issuance of equity shares/equity warrants under a private placement basis. The proposed fund infusion will go a long way in enhancing product presence and market […] Key Points
ThePrintFedfina IPO: Fedbank Financial Services raises ₹329.99 crore in pre-IPO placement
Fedbank Financial Services IPO raised ₹329.99 crore through a pre-IPO placement of 23,571,428 equity shares at the upper end of the price band of ₹140 per equity share. Key Points
mint
Blackstone sees most Asia deal activity in India, Japan in 2024
Blackstone foresees India and Japan as its primary Asian markets in the coming year for capital allocation. The worlds largest alternative asset manager recently acquired a stake in two hospital chains in India. As for Japan, Blackstone is open to do deals in Japan that are anywhere from $300 million to more than $2 billion, and in sectors like IT, healthcare and consumer. Key Points
Economic TimesKeeping equity at a slightly lower level vs. longer term average: Ashutosh Bhargava, Nippon India MF
The balanced advantage fund category offers a safer approach compared to an aggressive equity portfolio. Fund managers can adjust their exposure to equity and debt based on signals from valuation and trend indicators. Nippon India Mutual Fund currently maintains a net equity exposure of around 41% and has a more conservative approach, with 80% of the equity portfolio in largecaps. The fixed income portfolio has an average duration of three years or below, with 80-85% of assets in investment-grade government securities. Key Points
Economic TimesMonika Halan on busting myths on savings, investment, mutual funds & more
Monika Halan, an analyst, debunks myths about investing in mutual funds. She explains that mutual funds are not a single product but a pipeline that connects investors' money to various investment options like stocks, bonds, gold, and real estate. She emphasizes the importance of considering factors like risk, liquidity, and investment horizon, rather than just focusing on returns. Halan also advises against solely investing in midcaps and smallcaps, as well as expecting guaranteed high returns in the short term Key Points
Economic TimesCenterbridge teams up with Wells Fargo to launch direct-lending fund
Private equity firm Centerbridge Partners is launching a direct-lending fund with backing from Wells Fargo (WFC.N), the companies said on Tuesday. Key Points
ReutersCarlyle to acquire 5.91% stake in SpiceJet at Rs 48 per share
SpiceJet is seeking shareholder approval to grant a 5.91% stake in the company to Carlyle Aviation Partners, which is the aircraft financing unit of the Carlyle Group. The lessors have valued the airlines share at Rs 48 per equity share. This is higher than the current share price of the airline which is trading at Rs 29 at the stock exchange. Further to this, the airline has plans to issue equity shares of 20% to its promoter, Ajay Singh, who will acquire his stake at Rs 10 per share against an infusion of Rs 500. Key Points
Economic Times
RIL fixes July 20 as record date for equity shares allotment, listing of Reliance Strategic Investments
RIL has fixed the record date for the demerger plan of its financial services business. The new entity, Jio Financial Services (JFSL), will be listed on stock exchanges, with Hitesh Kumar Sethi appointed as MD and CEO. Key Points
mintVodafone Idea revival plan led by Rs 14,000 crore equity infusion
Vodafone Idea is planning to infuse a total equity of Rs 14,000 crore, with Aditya Birla Group and UK's Vodafone Group contributing half of the amount, as part of its business revival plan. ABG and Vodafone Group are expected to invest Rs 2,000 crore as fresh equity while working to raise another Rs 7,000 crore from external investors. Key Points
Economic TimesEdelweiss Multi Asset Allocation Fund: smart way to enjoy LTCG tax?
The portfolio construction strategy of the scheme will be 45-55% in fixed income, 35-40% in equity arbitrage, and 10-15% in gold and silver arbitrage. The portfolio helps the scheme to qualify for long-term capital gains tax. Key Points
Economic TimesEPFO looks to increase equity investments
The retirement fund body will soon approach the finance ministry to seek its clearance for investing the proceeds from ETFs in any permissible asset class to maximise returns. A proposal in this regard was approved by EPFO's central board of trustees in the last week of March, as per the minutes of the meeting where they made the decision. ET has seen the minutes. It is proposed that proceeds of ETF investments may be re-invested in equity and related instruments which will increase the equity component to the permissible limit in the portfolio, the minutes read. Key Points
Economic TimesLargecaps should be core of your equity portfolio. 6 investment tips you should heed
Investments in equities or mutual funds should be made with a long-term horizon to avoid risks from timing the market, according to Bhuvanaa Shreeram, Co-Founder & Head of Financial Planning at House of Alpha. Investors should focus on balancing large-cap with small- and mid-cap funds, with 50% of the money going to the former and the remaining divided between the latter, she advised. Key Points
Economic Times
Sebi floats consultation paper on additional disclosures by FPIs
India's Securities and Exchange Board (SEBI) has published a consultation paper seeking responses from the public on proposed guidelines on additional public disclosures by foreign portfolio investors with INR250bn ($3.7bn) of assets under management in equity. SEBI estimates that high-risk FPI assets under management of around INR2.6tn ($38.3bn), about 6% of total FPI equity AUM and less than 1% of India's total equity market capitalisation, may be affected by the proposed regulations. Key Points
Economic TimesTransworld to delist Shreyas Shipping unit from NSE, BSE
Transworld Holdings Ltd. (THL), has announced to voluntarily delist the equity shares of its Indian subsidiary, Shreyas Shipping & Logistics Ltd. (SSL) as per Securities and Exchange Board of India (SEBI) delisting norms from NSE and BSE on which SSL’s equity shares are listed. Key Points
The HinduVedant Fashions promoter plans to sell 7% stake
The seller (Ravi Modi Family Trust) proposes to sell up to 16.9 million equity shares of the company (representing 7% of the total issued and paid-up equity share capital) on May 18 for non-retail investors only. Key Points
FinancialexpressNeither PE nor PB, Saurabh Mukherjea uses this metric to pick financial stocks
When valuing Indian financial stocks, traditional methods like discounted future cash flows are impractical due to their lack of free cash flows. Dalal Street's top stock picker Saurabh Mukherjea recommends using the residual income model instead. The model calculates return on equity (ROE) minus cost of equity (CoE) to determine the economic value add of a financial services company. Key Points
Economic TimesWhy there has been a dip in equity mutual fund inflows? Jayesh Faria answers
So I think that is one reason where we are seeing more inflow into fixed income instrument in comparison to equity.Second, big reason has been the equity market for nearly 21-22 months have been flat. Key Points
Economic Times
equity markets log gains for second day: power shares advance
The 30-share BSE Sensex rose 74.61 points or 0.12% to settle at 60,130.71 Key Points
The HinduHybrid equity savings funds will be the flavour of the month: Feroze Azeez
“Hybrid funds, equity savings funds which have 30-40% in equity, will be the flavour. Dynamic bond funds will at least have 35-40%. Industry will grab their pound of flesh from the debt allocations by mixing both the assets, rather than keeping debt capital. . In terms of risk mitigation, we use structured products to bring down the risk of portfolios, rather than plain vanilla debt, which brings down the risk, but equally brings down the return.” Key Points
Economic TimesWhat are the 3 Ts of asset allocation & portfolio strategies to follow? Arun Kumar explains
Asset allocation is the concept of dividing investment money among different asset classes such as equity, debt, gold, and real estate. The appropriate allocation for a client is determined by considering three Ts: time, tolerance to declines, and trade-off in long-term returns. FundsIndia typically allocates either 70% equity and 30% debt, 50% equity and 50% debt, or 30% equity and 70% debt, depending on the client's preference. Key Points
Economic TimesAirtel FCCB holders to get $5.1 million equity
Airtel had issued $1 billion 1.5% foreign currency convertible bonds (FCCBs) in January 2020, due in 2025. The bonds were convertible into the company's fully paid-up equity shares of ₹5 each before February 2025 at the option of the FCCB holders. Bharti Airtel shares closed 1.56% up at ₹760.70 on the BSE Tuesday. Key Points
Economic TimesETMarkets Fund Manager Talk: Debt/balanced funds to outperform equity funds near term: Rahul Bhuskute, Bha
Closer home, high inflation, led by food presents another challenge to the markets. With the Rabi crop already affected, the worry now is that El Nino would damage prospects of Kharif sowing too. Key Points
Economic Times
IndiaFirst Life Insurance IPO gets SEBI nod; Bank of Baroda, Union Bank, Carmel Point to shed stake in OFS
In the IPO, Bank of Baroda will offload about 8.9 crore equity shares and 1.3 crore equity shares will be sold by Union Bank of India. Key Points
FinancialexpressStocks in news: Sona BLW Precision, GAIL, Nalco, Apollo Pipes
Mahindra & Mahindra has offloaded 6.05% equity representing 2,28,80,000 shares in its associate company Mahindra CIE Automotive through a block deal on Monday. Key Points
Economic TimesAllocation in your portfolio through the mutual fund route
The other approach is getting into hybrid funds, with a defined portfolio allocation. There are aggressive hybrid funds with an equity allocation of more than 65 percent of the portfolio, there are conservative hybrid funds with equity of less than 25 percent of the portfolio, there are arbitrage funds, balanced advantage funds, etc. The advantage of this approach is that hybrid funds, since they have a defined asset allocation, will reset the portfolio when there is a deviation. Key Points
Economic TimesWill both India EPS and PE have tailwinds from here? Maneesh Dangi answers
“Tactically, bond makes the most sense. In India, I have been of the view that credit carry is most attractively valued. But if you are a sort of vanilla equity investor, there is nothing that you cannot cheer about right now from a macro point of view. Tactically within equity, tech would perhaps purely for rate reasons would do the best in the next six months.” Key Points
Economic TimesIs it wise to create a zero-debt portfolio in today's time?
Chirag Muni from Anand Rathi Wealth Ltd advises on debt and equity allocation based on investment horizon, highlighting the importance of debt in stabilizing portfolios and managing market volatility for optimal returns. Muni says: If you have a 6-year plus horizon, then there is a case to have 100% equity. Key Points
Economic Times
7 of 10 intra-day equity traders lost money in FY 2022-23: Sebi study
A study by market regulator Sebi showed that 7 out of 10 individual intraday traders in the equity cash segment made losses in the financial year 2022-23.... Key Points
The Tribune IndiaIndian equity market’s dream run is up against PSUs with low-floating stocks. Regulation is key
Millions of new retail investors have entered the Indian equity market. This deepening equity cult needs to be nurtured by practices that lead to long-term wealth creation in the economy. Key Points
ThePrintIndia equity mutual fund inflows halve in May; SIP contributions hit record, industry data show
Inflows into Indian equity mutual funds halved sequentially to 32.4 billion rupees in May, the lowest since November 2022, data from the Association of Mutual Funds in India (AMFI) showed on Friday. Key Points
ReutersBlue Jet Healthcare IPO opens on Wednesday. What GMP signals
At the upper end of the price band, the company plans to raise about Rs 840 crore. Investors can bid for a minimum of 43 equity shares and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. Key Points
Economic TimesETMarkets Smart Talk: Time in the market is ultimate Rohit Sharma for driving wealth creation in your port
Time in the market is crucial for wealth creation. Geopolitical concerns, such as higher oil prices and active military action in the Middle East, can have a long-term impact on equity markets. Buybacks are becoming common as they are more tax-friendly for investors and allow companies to return excess cash. The commodity cycle may be affected by geopolitical concerns, with oil being the outlier. SIPs and other non-discretionary flows into equities provide a liquidity cushion for Indian equities. Key Points
Economic Times
Sensex, Nifty settle at new closing high levels in first part of special live trading session
The special live trading session will have intra-day switch over from Primary Site (PR) to Disaster Recovery (DR) site. equity benchmark indices Sensex and... Key Points
The Tribune IndiaDividend Stocks: Goa Carbon, Accelya Solutions, 2 other stocks to trade ex-dividend today
Goa Carbon board has declared an interim dividend of ₹10 per equity share for the financial year 2023-24. It has fixed January 29, as the record date for the purpose of payment of interim dividend. Goa Carbon shares will trade ex-dividend on Monday. Key Points
mintFedbank Financial offers exposure to the fast growing MSME lending business
True North Fund, a private equity firm and the selling investor, will reduce its stake to 14.4% from 25.4%. The lender focuses on rapidly growing segments of micro, small and medium enterprises (MSME), self employed individuals and gold loans. Key Points
Economic TimesCarlyle reports smaller-than-expected 43% drop in Q3 earnings
Private equity firm Carlyle Group Inc (CG.O) reported on Tuesday a smaller-than-expected 43% year-on-year drop in third-quarter distributable earnings, amid a slump in assets, mostly from its private equity portfolio. Key Points
ReutersWhat QIA investment means for Reliance Retail & Reliance?
The Qatar Investment Authority is set to invest $1 billion in Reliance Retail Ventures, valuing the company at $100 billion. This is a significant increase from its previous valuation of $43 billion in 2020. The investment reflects the growth and potential of Reliance Retail Ventures, which has seen an increase in its customer base and operates through an integrated offline and online network. The deal is seen as a positive development for Reliance Industries and highlights the strength of its retail business. Key Points
Economic Times
Bajaj Hindusthan plans to infuse fresh equity into business: Chairman Kushagra Bajaj
Bajaj Hindusthan Sugar, one of India's largest sugar and ethanol producers, is looking to turn the corner by putting its debt issues behind. In an interview, chairman Kushagra Bajaj told ET's Deborshi Chaki about the group's plans to infuse fresh equity into the business, which will entail zero haircut for the lenders. Key Points
Economic TimesWant 100% flexibility in shifting between debt & equity? Sandeep Tandon has an answer
Quant Mutual Fund has launched a Dynamic Asset Allocation Fund that provides 100% flexibility in shifting between debt and equity. The company aims to target a new investor audience, such as people who invest in FDs but are reluctant to take risks. They believe the new fund can generate extra alpha over FD returns and offer a similar low-volatility product with better taxation. The fund can be used as a debt tax savings product, while Sebi also allows exiting 100% from equity or participating in 100% debt. The fund aims to generate alpha opportunistically when extreme or special situations arise. Key Points
Economic TimesAxis MF’s equity funds in limelight amid reshuffle of top deck
In the last one year ended January, assets of all its equity schemes have slid 3.9% to Rs 1.45 trillion, data from primemfdatabase.com show. Key Points
Financialexpress