Daily Archives: Thursday August 23rd, 2018

Closed with market edge

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Mumbai-Indian stock market slips from high levels and closed under the pressure in the pressures. The major index Sensex has climbed 51 points, at 38336.76, and the Nifty was down 4 points at the level of 11566, with a slight weakness. Most of the purchases have happened in NTPC and LT shares. NTPC’s counter closed at a level of 164.70 with a gain of 2.17 per cent and LT increased by 1.97 per cent to 1348.20 level. On the National Stock Exchange, the mid-cap index closed 0.18 per cent and the smallcap 0.44 per cent fall.

In terms of sectoral index, FMCG (0.91 percent), IT (1.24 percent), pharma (1.27 percent) and realty (0.40 percent) are on the rise. At the same time, Bank (0.81 percent), Auto (0.18 percent), Financial Services (0.69 percent), Metal (1.45 percent), PSU Bank (1.22 percent) and Private Bank (0.76 percent) declined.

If you talk about the big names in the Nifty, then 23 are in green mark and 27 are down and trading is closed. The fastest growth is in the shares of Mahindra, Dr Reddy, NTPC, HCL Tech and LT. At the same time, the decline has happened in the shares of Tata Motors, BPCL, IOC, Hindapetro and Hindalco.

In the morning the Indian stock market is open with record highs. Due to the decline in international market, weakness in all Asian markets is being seen. At 22402 level with Japan’s Nikkei 0.18 per cent, to 2705 levels, with China’s Shanghai 0.34 per cent, Hang Seng is at 27,727 levels with 0.72 per cent and Taiwan’s Kospi 0.14 per cent in 2270 Is doing business at the level of.

Most shopping is in Wipro and ONGC’s shares. Wipro’s counter is trading 1.25 percent higher at 292.10 and ONGC is up 1.21 percent at 171.80 level. On the National Stock Exchange, the Midcap Index is 0.12 per cent and the Smallcap Index is down 0.07 per cent.

List of credit access with declines

Sensex ends down

Larsen & Toubro returns 14% in 3 months
Mumbai- Construction and engineering company Larsen and Toubro (L & T) has offered share buyback. In which investors can get better returns in three months. It will be 14% more than the current share price. The company’s board has announced a share buyback of Rs 9,000 crore. This is the first share buyback in stock market history. The company will buy 4.29 per cent shares, which means 6 million shares. Company will buy back shares at Rs 1,500 / share price This buyback will be completed in the next three months.

In the first quarter of the financial year 2019, Infrastructure major L & T’s profits increased by 36%. During this period, the company has a profit of Rs.1210 crores. L & T’s profit in the first quarter of FY2018 was Rs 890 crores. In the first quarter, the company’s earnings increased 17.8 per cent year-on-year to Rs 28,280 crore from Rs 23,990 crore in the first quarter.

After the approval of the buyback proposal, L & T’s shares jumped more than 3% on the BSE. Shares rose 3.16 per cent to Rs. 1363.90 during trading. The company’s valuation increased by more than Rs 5,800 crore in the share price. The valuation of the company at the closing price of Tuesday was Rs 1,85,363.72 crore. On Thursday, Rs 5853.28 crores has increased to Rs 1,91,217 crores.

List of credit access with declines

Sensex ends down

Mumbai- Another stock was listed on Thursday. Credit Access Grameen’s shares are listed on BSE with a discount of 8.77 per cent, at 385 rupees. Credit Access Village had fixed the issue price of Rs 422 for the listing. After listing, the share of credit access gradients rose to Rs 414.80. Its IPO was 2.21 times full. QIB quota was more than 5 times while retail quota was not full.

Credit access is in the business of distributing small loans to poor women in rural areas. The company has a preference in 132 districts of 8 states of the country. These 8 states are from Karnataka, Maharashtra, Tamil Nadu, Chhattisgarh, Madhya Pradesh, Odisha, Kerala and Goa and Puducherry. The company has a total of 516 branches and 4544 loan officers. The company gives loans under the Live Liability Group model. According to Crisil Research, it is India’s third largest NBFC in terms of gross lone portfolio by March 2017.

Between the financial year 2015 to 2018, the company’s total income grew by 48 percent according to the annual growth rate. During this, net interest has increased by 54 per cent according to the annual growth rate. The company’s profits increased at the rate of 37 per cent compounding annual growth rate. Between 2013 and 2018, the company’s asset under management has increased from Rs 57 per cent annually to Rs 4,975 crore.

Reliance Industries’s market cap of 8 lacs

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Went into Mumbai, India’s private sector’s largest company, Reliance Industries (RIL) 8.5 lakh crore market capitalization of the country’s first company. The rise in the company’s share on Thursday rose to market capitalization. Shares at BSE closed at 1.86% higher at Rs 1,269.70 These are 52 weeks high level. On July 12, Reliance became the second company for $ 100 billion (Rs 6.90 lakh crore). In 2013, TCS had left Reliance behind. Four years later, in April 2017, Reliance again retreated TCS. There has been a tough fight between the two since then. In January 2018, TCS was number one again with market capitalization of 6.11 lakh crores.

Tell that its first competition in times Reliance Industries and Tata Consultancy Services (market between TCS) capitalization in this month and never Reliance ever ranked order TCS. In the past month, RIL zoomed ahead to its market access across the capitalization of Rs 8 lakh crore, while TCS market cap of Rs 7.79 lakh crore, or RIL 26 thousand crore at. Reliance’s share has given investors 60 percent returns in a year.

On July 31, TCS retreated to become the country’s largest company once again in the Reliance market capitalization. RIL’s market capitalization went up to Rs 7.51 lakh crore on that day. It left behind 7.43 lakh crore market capitalization Tata Consultancy Services (TCS). On August 20, Reliance went ahead of TCS for the third time and has remained so far.

Mukesh Ambani’s net worth increased to Rs 3.39 lakh crore in Reliance’s share price. She is at number 11 in the Bloomberg Billionaires Index. Mukesh Ambani left Jack Ma of Alibaba and has already become Asia’s richest. Jack Ma is at number 18 in the Bilenier Index. Facebook’s Mark Zuckerbach is ranked sixth.

50 lakh crore of mutual fund industry: Parekh

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MUMBAI: The total AUM (asset under management) of the Indian mutual fund industry can go up to Rs 50 lakh crore in the next five years, which is currently above Rs 24 lakh crore. HDFC Group Chairman Deepak Parekh said this. He was speaking at the mutual fund summit organized by the Association of Mutual Funds in India (Anfi), an association of fund industry in Mumbai.

Deepak Parekh said that with the growing number of working populations and good employment opportunities, the trend of investors is now moving towards financial products. Compared to the global standard, the awareness of mutual fund AUM in India is still much lower than that of GDP, which is 11%, whereas the global average is 62%. This means that there is still a huge market potential in front of this industry in India which can be found. Apart from this, the habit of saving Indians is now becoming a financial savings rather than gold and real estate, and this trend is going forward.

According to them, there is a good increase in funds investing in the middle class and increasingly employed population and good employment. Apart from this, structural reforms such as the formulation of Indian economy, financing of savings, financial literacy and increasing share of EPFO funds which are going in equity are all a strong signal for mutual funds. The mutual fund industry has achieved 86% growth in the form of asset under management in the last two and half years and it is mainly due to the retail partners who are putting money in equity oriented funds. The mutual fund industry’s AUM was Rs 12.3 lakh crore in March 2016, which has grown to Rs 24 lakh crore this year. Parekh also expressed hope for the transparency of the distributor commission that the regulator will look into the matter

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