With a 5% q-o-q increase in revenue during the first quarter of 2021-22, Bharat Forge was able to beat street expectations. A 25% q-o-q increase in exports helped Bharat Forge to achieve this feat. Though the reported net profit fell by 19% q-o-q, the same was because of an exceptional item (Rs 62 crore VRS outlay) and after adjusting for this, net profit grew by 11% q-o-q. Bharat Forge is in a sweet spot now because of the cyclical recovery in Read more: EconomicTimes
Author: Miley Selena
You can be the most knowledgeable trader, but without the right mindset, your trading results will be inconsistent. To explain this, let’s take the example of the field of sports. Performance psychologists help athletes perform at peak levels, along with focusing on every aspect of their lives, including personal challenges, eating habits and post-injury rehabilitation. They closely assess how psychological conditions impact sports performance, and what impact sports has on an athlete’s mind. Trading the stock market is similar to being a professional athlete. Both are judged by their daily performance. You need to cultivate habits to develop emotional resilience.…
Sanjay wants to invest his fixed deposit maturity proceeds of Rs 25 lakh. Unlike last year, valuations are no longer attractive and investment decisions are not easy. He is wary of the sharp up-move in the market over the past year and a half. He refuses to believe that what happened over the last 12-15 months would continue going forward. He worries if this is the right time to invest in the market and maybe happy to park this money again in a deposit to minimise risk. His financial advisor recommends a balanced advantage fund, as it is an all-season…
In this week’s realty hot spot series, we turn the spotlight to Noida Expressway in the National Capital Region, towards the eastern side. This sought-after residential area enjoys seamless connectivity with Delhi and Greater Noida. This part of Noida hosts a number of schools, office hubs and malls. The rental values start from Rs 17,800 and go up to Rs 41,200, per month, depending upon the sector and property type. For home buyers, the property price ranges from Rs 4,400-7,500 per sq. ft. The area is much more affordable compared to other key areas in NCR such as central Delhi…
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. How the fund has performedWhere the fund investsBasic facts Date of launch: 21 Jan, 2015 Category: Equity Type: ELSS AUM (As on 31 July 2021): Rs 2,280 crore Benchmark: Nifty 500 Total Return Index What it costsNAV (As on 7 Sep, 2021) Growth option: Rs 27.36 IDCW: Rs 21.49 Minimum Investment: Rs 500 Minimum SIP Amount: Rs 500 Expense ratio (As on 31 July 2021) (%): 2.06 Exit load:…
Nifty march takes a break: Nifty was on a one way trip after breaking the 16,000 barrier. However, it then decided to take a pause. Nifty’s gain during the last week was just 46 points or 0.3%. Increasing number of delta covid variant cases and its negative impact on the global economy continues to be the main worry. However, central bankers continue to support the economy. For instance, European Central Bank (ECB), in its recent meeting, has signalled that it will only slightly reduce its emergency bond purchases over the coming quarter. In addition to the increasing pace of vaccination,…
Indian consumers are starting to spend more even though revenge shopping is not on the agenda; they are happy that the offices are reopening, and are also upbeat about the market. This upswing in consumer sentiment was recorded by a survey carried out by Axis My India in August. Conducted among 10,482 people across India, the study showed that at 56% overall household spending, consumers have registered a 2 percentage point increase over the previous month. Importantly, 21% of the families are spending more on non-essential and discretionary products, a sharp rise from 15% last month. While rural India is…
In a buyback of shares, the company purchases the shares from its shareholders, thereby reducing the number of shares in the market. Buybacks are carried out in two ways: (a) Tender offer or (b) Open market offer. We will discuss process of participating in buyback through the tender offer process. Eligibility for buyback To be able to participate in a buyback process, the investor should be have held the shares of the company before the record date declared by the company in its announcement for buyback. The shares should be held in demat form. Tender of shares for buyback The…
By Sudhir Kaushik of Taxspanner.com Hyderabad-based software professional Kamal Kant pays a low tax because his salary structure is quite tax friendly. Even so, Taxspanner estimates that Kant can reduce his tax by almost Rs 50,000 if his company offers him some tax-free perks and the NPS benefit and he invests in the scheme on his own. Income from employer Income from other sourceKant should start by asking his company for the NPS benefit. Under Sec 80CCD(2), up to 10% of the basic put in NPS is tax free. If his company puts Rs 6,123 (10% of his basic pay)…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. 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. I: Sagar Devkate is saving for a house, kids’ education and retirement. Here’s what the doctor advised:GoalsInvestor’s existing portfolioPortfolio check-up Started investing in equity funds 2-3 months ago. Funds are…