TCS Name is enough.. Just Matter of some time. Soon it will be 4000 plus. This War will end and so called Crude will cool off. 4 din ki chandni he and mega sale is there to grab opportunity.
FinMin and RBI are responsible for rupee valuation or devaluation I am seeing artcles that IT Exporters will benefit out of this devaluations and that will in turn lead to IT stocks atleast being buoyant and not depreciate further.
Before the year 1989, one dollar was around 12 rupees, after term of vp Singh government and Manmohan Singh term as finance minister 1996, one dollar was around 50 rupees. By depreciating rupee, he was said to be best FM..wow ..
Manmohan forced to depreciate rupee after previous govr had mortgaged indian gold in london due to poor economy as v.p. and chandrshekh worst rulling deteriorated economic image
1rs=1$ on paper then why 77x premium? Bcoz we as Indian are net importers and we need $ for that
Why only$?
Bcoz US economy is more powerful and $ accepted worldwide particularly OPEC . Also crazy love of gold and electronic equipments which we have to import.
We signed pacts with Russia on oil and other import on rs. Rubble trades Solutions? Make in india Less imports More exports
Rupee partially converted in 1992 And fully converted (floating) in 1994 After that government or RBI has no role on international currency or exchange rates in individual currency It is floating RBI can only buy and sell $ with use of only our foreign exchange reserves,bonds and gold and stabilize INR if needed (Blaming RBI and government is very easy but far from reality ) narsinharao government has open up our economy and took some tough steps and after that all successive governments irrelevant of parties and FMs all has been doing same thing and it's good for a healthy economy
@Harit, appreciate your views on opening of economy by Narasinhhrao govt , which resulted in creating lots of opportunities..
But my point is to stabilize economy , there are multiple ways to do it.. one of the easiest thing to do is depreciate nation's currency . My view is this is the last thing one should do.. depreciating currency to one third to stabilize the economy , I would definitely opt...we had only bad Governance with vp Singh / chandrasekar govt.. but we were not at war or drought or pandemic situation to depreciate rupee to one third.. this is only my point..
I have enjoyed the discussion in this thread. Very good.
@Amit k singh But I beg to modify some data. In 1988 dollar vs Rs was in the range of 14 , in 1989 it was16-17, 1991 (Chandra sekhar) 22-23, 1992 (Narsingha rao) 25-26 and increased to 35-36 in 1996 @ average 2 per year. So 50 is an exaggerated figure. Dollar vs rs reached 50 in the year 2011. Thank you
In 1988, one dollar was around 12 rs,in 1996 it was around 36 rs. It was sharpest ever fall of rupee to one third in a 8 year period.. I am quoting this 8 year peroid as it was turning point of rupee depreciation without any war or drought or any other major event..
Amid utter morbidness , I happen to inform that the nifty pe has breached the covid low of 20.4 and settles at 20.39 on closing basis . Incidentally it is 6yr low figure and 7.5 yr low except one occasion. Dollar index 97.2 at 2yr high .Brent crude marked at $139 today and approaching 14 yrs old all time high of $147. Dollar vs rupee at 76.97 on closing basis is also all time high. No respite is visible as the position of war is worsening day by day.
245.2. Ou Ai| Link| Bookmark|
March 8, 2022 12:44:57 PM
Top Contributor (300+ Posts, 300+ Likes)
Recalling your previous post wherein we discussed Nifty breaking 16800 adjusting to new reality of earnings and PE valuation, we must say it took this journey more rapidly than we imagined. Ongoing geopolitical skirmish with unprecedented collateral damage to many big economies and global trade, increase in oil & gas prices, commodities price increase with shortages, and countries diverging from previously taken for granted cooperation's and allegiances is likely to hit earnings by way of inflation, cost pressures and many other unknown factors. All point to one thing, earnings decline in coming quarters that can shake up the PE again rendering further decline in current prices or at best remain at same level. This damage is unlike covid wherein pressures from global trade did not figure prominently. Rise from here is not going to be as rapid as in post covid even if the ongoing invasion were to cease.
In times like these long term tends to be 5 to 10 years assuming most ended up buying in bull phase and sitting on prices much lees their buying price (barring few seasoned old timers who sit on historical prices) whereas in a bull phase long term tends to be 2 to 4 years.
While this is a real opportunity, wait could be longer and naturally times like these experts who raced to offer recommendations in earlier times disappear. Each new rise comes up with new set of stocks. Last rise it was mainly chemical stocks. Let us wait to see this turnaround nest 12 to 24 months...to identify new ones...
** Dollar index should be read as 99.2 instead of 97.2 (a typo error) Dollar index is a very important tool to read the market . One year ago it drifted below 90 continuously receding from 99 level. Now is a reversion having history of going to as high as 128. @Ou Ai Thank you for your very useful opinion. Your last para is very interesting. Experts are the childern of boom market.
Hi Members, Please suggest to me the best bank to open a bank account and Demat account for HUF. I need this only for the purposes of applying to IPOs, so please suggest the lowest cost options.
Thanks
243. arunARUN| Link| Bookmark|
March 7, 2022 3:37:05 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Extract from Sharekhan pre IPO note on LIC
LIC in its draft red herring prospectus (DRHP) has said that there would be reduction in the availability of surplus to participating policy holders following the amendment to Section 24 of the LIC Act might make its policies less attractive to some customers. Prior to amending the Section 24 of LIC Act, the lifeinsurer had one single consolidated 'LifeFund'. The surplus in the Life Fund was distributed between the policyholders and the shareholder/ Government of India in the ratio of 95:5. After the amendment, the LIC board was mandated to maintain two separate funds, i.e., a participating policyholders' fund and a non-participating policyholders' fund and, from September 30, 2021, two funds were maintained. As on September 30, 2021, the participating policyholders' fund aggregated to Rs.24.6 trillion and the non-participating policyholders' fund aggregated to Rs.11.4 trillion. The surplus for the non-participating policyholders' fund was Rs.1,408 crore. Post-segregation of the Life Fund, 100% of the surplus generated out of the non-participating business is available for distribution to all of the shareholders. The surplus from the participating business is now modified as 90% by regulation which is what the other private players do and the corporation expects to do this in a phased manner.
There were lot of people who were confused thinking that 39 lakh crore (39 trillion fund belonged to LIC)
@ Arun2 sir, The presentation is absolutely to the point and correct to the infinity as far as my knowledge in this subject is concerned. But reading the concluding sentence, I am doubtful about something .May you kindly provide with any relative matrix so that we may understand something from the valid data ? Otherwise it will help people to misunderstand something which is very interesting for the people interested in this subject. Kind response will be appreciated. Thank you
242. Eagleye| Link| Bookmark|
March 7, 2022 4:14:00 PM
IPO Guru (6600+ Posts, 21900+ Likes)
THE MOST RELIABLE List of Mainboard IPOs IN THE PIPELINE (Status as on 07th March 2022)
A) DRHP Filed – SEBI Approval *Overdue*: DRHP filed >2 months ago
1) Aadhar Housing Finance >>> DRHP filing date 24-Jan-21 2) UMA Converter >>> DRHP filing date 01-Jul-21 3) Maximus International >>> DRHP filing date 26-Aug-21 4) Infinion Biopharma >>> DRHP filing date 01-Sep-21 5) Tamilnad Mercantile Bank >>> DRHP filing date 04-Sep-21 6) Lava International >>> DRHP filing date 28-Sep-21 7) BVG India >>> DRHP filing date 30-Sep-21 8) Oravel Stays >>> DRHP filing date 30-Sep-21 9) Droom Technology >>> DRHP filing date 12-Nov-21 10) eMudhra >>> DRHP filing date 12-Nov-21 11) Nandan Terry >>> DRHP filing date 10-Dec-21 12) Maini Precision Products >>> DRHP filing date 14-Dec-21 13) Syrma SGS Technology >>> DRHP filing date 14-Dec-21
B) DRHP Filed – SEBI Approval *Awaited*: DRHP filed <2 months ago
14) Asianet Satellite Communications >>> DRHP filing date 22-Dec-21 15) Bharat FIH >>> DRHP filing date 24-Dec-21 16) Snapdeal >>> DRHP filing date 27-Dec-21 17) Protean eGov Technologies >>> DRHP filing date 27-Dec-21 18) Campus Activewear >>> DRHP filing date 27-Dec-21 19) Rainbow Childrens Medicare >>> DRHP filing date 27-Dec-21 20) TBO TEK >>> DRHP filing date 27-Dec-21 21) Venus Pipes & Tubes >>> DRHP filing date 27-Dec-21 22) Capillary Technologies India >>> DRHP filing date 27-Dec-21 23) Aether Industries >>> DRHP filing date 29-Dec-21 24) Sresta Natural Bioproducts >>> DRHP filing date 11-Jan-22 25) Sanathan Textiles >>> DRHP filing date 12-Jan-22 26) Course5 Intelligence >>> DRHP filing date 12-Jan-22 27) Landmark Cars >>> DRHP filing date 19-Jan-22 28) Dreamfolks Services >>> DRHP filing date 24-Jan-22 29) FabIndia >>> DRHP filing date 24-Jan-22 30) Imagine Marketing >>> DRHP filing date 27-Jan-22 31) Dharmaj Crop Guard >>> DRHP filing date 28-Jan-22 32) Ethos >>> DRHP filing date 01-Feb-22 33) Harsha Engineers International >>> DRHP filing date 04-Feb-22 34) Inox Green Energy Services >>> DRHP filing date 08-Feb-22 35) Cogent E-Services >>> DRHP filing date 09-Feb-22 36) Kids Clinic India >>> DRHP filing date 11-Feb-22 37) Life Insurance Corporation of India >>> DRHP filing date 14-Feb-22 38) TVS Supply Chain Solutions >>> DRHP filing date 14-Feb-22 39) Macleods Pharmaceuticals >>> DRHP filing date 15-Feb-22 40) Fedbank Financial Services >>> DRHP filing date 21-Feb-22 41) Archean Chemical Industries >>> DRHP filing date 21-Feb-22 42) Bikaji Foods International >>> DRHP filing date 23-Feb-22 43) Suraj Estate Developers >>> DRHP filing date 07-Mar-22
C) SEBI Approval *Received (<3 months)*:
1) Hexagon Nutrition >>> SEBI Approval 04-Mar-22 2) JK Files & Engineering >>> SEBI Approval 23-Feb-22 3) Elin Electronics >>> SEBI Approval 23-Feb-22 4) API Holdings >>> SEBI Approval 17-Feb-22 5) Wellness Forever Medicare >>> SEBI Approval 16-Feb-22 6) CMR Green Technologies >>> SEBI Approval 16-Feb-22 7) Jesons Industries >>> SEBI Approval 08-Feb-22 8) Capital Small Finance Bank >>> SEBI Approval 08-Feb-22 9) Uma Exports >>> SEBI Approval 07-Feb-22 10) Hariom Pipe Industries >>> SEBI Approval 28-Jan-22 11) Delhivery >>> SEBI Approval 13-Jan-22 12) Veranda Learning Solutions >>> SEBI Approval 11-Jan-22 13) Radiant Cash Management Services >>> SEBI Approval 10-Jan-22 14) Five-Star Business Finance >>> SEBI Approval 07-Jan-22 15) Waaree Energies >>> SEBI Approval 03-Jan-22 16) GPT Healthcare >>> SEBI Approval 29-Dec-21 17) Global Health >>> SEBI Approval 21-Dec-21 18) Veeda Clinical Research >>> SEBI Approval 21-Dec-21 19) Sahajanand Medical Technologies >>> SEBI Approval 17-Dec-21 20) Le Travenues Technology >>> SEBI Approval 16-Dec-21 21) Keventer Agro >>> SEBI Approval 16-Dec-21
D) SEBI Approval *Received (>3 months ago)*:
22) Emcure Pharmaceuticals >>> SEBI Approval 08-Dec-21 23) ESDS Software Solutions >>> SEBI Approval 03-Dec-21 24) Sterlite Power Transmissions >>> SEBI Approval 02-Dec-21 25) Godavari Biorefineries >>> SEBI Approval 26-Nov-21 26) VLCC Health Care >>> SEBI Approval 25-Nov-21 27) Healthium Meditech >>> SEBI Approval 24-Nov-21 28) India1 Payments >>> SEBI Approval 24-Nov-21 29) Gemini Edibles & Fats India >>> SEBI Approval 23-Nov-21 30) Electronics Mart India >>> SEBI Approval 22-Nov-21 31) Puranik Builders >>> SEBI Approval 18-Nov-21 32) Prudent Corporate Advisory Services >>> SEBI Approval 18-Nov-21 33) Tracxn Technologies >>> SEBI Approval 17-Nov-21 34) Fusion Micro Finance >>> SEBI Approval 16-Nov-21 35) Inspira Enterprises India >>> SEBI Approval 01-Nov-21 36) ESAF Small Finance Bank >>> SEBI Approval 20-Oct-21 37) Penna Cement Industries >>> SEBI Approval 14-Oct-21 38) Skanray Technologies >>> SEBI Approval 08-Oct-21 39) One Mobikwik Systems >>> SEBI Approval 07-Oct-21 40) Popular Vehicles and Services >>> SEBI Approval 29-Sept-21 41) Paradeep Phosphates >>> SEBI Approval 22-Sept-21 42) Northern Arc Capital >>> SEBI Approval 03-Sept-21 43) Chemspec Chemicals >>> SEBI Approval 30-Aug-21 44) Shri Bajrang Power and Ispat >>> SEBI Approval 26-Aug-21 45) Go Airlines (India) >>> SEBI Approval 26-Aug-21 46) Ruchi Soya Industries >>> SEBI Approval 13-Aug-21 47) Fincare Small Finance Bank >>> SEBI Approval 28-July-21 48) Jana Small Finance Bank >>> SEBI Approval 09-July-21 49) Medi Assist Healthcare Services >>> SEBI Approval 22-June-21 50) Utkarsh Small Finance Bank >>> SEBI Approval 03-June-21 51) Arohan Financial Services >>> SEBI Approval 23-Apr-21 52) Seven Islands Shipping >>> SEBI Approval 22-Mar-21
Can anyone help me with this query regarding buyback I am willing to participate in TCS buyback by tendering my shares... it's my first buyback participation....my shares are in Groww app....does anyone know how to tender the shares, I have got the mail regarding tendering from the registrar with Letter of offer and tender form...if anyone knows how to do please do reply... I'm having the shares in Groww app Thanks in advance
Thanks for your replies...I got a mail from the customer support along with the link to participate in the buyback👇 https://groww.in/buy-back/tcs-buyback Open this link in desktop browser
We know that the price of a share mostly go up when a similar business IPO is expected in the market. Now here see how the LIC ipo has shattered those fellows. Company...price 17/1...28/1...9/2...14/2....18/2*...24/2....28/2...drop...4/3 price Sbil....................1287...1205...1125..1096..1150*..1054...1061....17.4%...1057 Hdfcl...................674.....620......600....557.....591*...532......523....22.5%....521 Iciciprul................615.....545.....516....502.....525*...467......479....22.1%....452 Corres.nifty......18308.17102.17464.16842.17276.16247.16794...9.2%....16245 If you study the price variation you will see that , with the news of the ipo, the share price of the mentioned shares have receded continuously without any bounce expect that between 14/2 and 18/2 though in this period we have seen several sharp bounce back in nifty .It remains mentioned that two out of the three belongs to nifty. With the news of probable postponement on 28/2 after market hours, these shares showed huge relief rally on 2/3 confirming its bearing . Now limping again with the yes/no. These are mainly institutional fancy shares since inception not preferred by NII and retailers . In the IPO of SBIL four and a half year back, NII and retail subs were 0.7 times and 0.8 times respectively. For HDFCL it was 2.2 times and 0.9 times. For ICICIPRUL it was somewhat better. So overhang will continue in the face of preference shiftment as much as provision for fund for LIC IPO by these institutional investors which is widely heard of in the media.
234.1. Eagleye| Link| Bookmark|
March 5, 2022 9:52:52 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Life Insurance Corporation of India when compared to SBI Life Insurance Company Limited …
On “MarketCap / Embedded Value” ratio basis …
Does it deserve to be lower or higher?
234.2. arunARUN| Link| Bookmark|
March 5, 2022 10:00:34 AM
IPO Guru (1900+ Posts, 1600+ Likes)
It deserves to be lower as value of its new business is much lower compared to peer group
234.3. sdz| Link| Bookmark|
March 5, 2022 11:21:57 AM
IPO Guru (1000+ Posts, 500+ Likes)
I think everything drills down to the question...Whether Massive size matters or company profit/margin growth matters for an investment to give better returns?
234.4. arunARUN| Link| Bookmark|
March 5, 2022 11:32:27 AM
IPO Guru (1900+ Posts, 1600+ Likes)
@sdz If massive size does not mean reasonable profit then what is the use of such massive size
234.5. sdz| Link| Bookmark|
March 5, 2022 11:46:43 AM
IPO Guru (1000+ Posts, 500+ Likes)
@Arun...that is what my point is too. Usually, market prefers companies with high growth potential and rising margins than huge size or even its good past
234.6. lokes| Link| Bookmark|
March 5, 2022 2:15:16 PM
IPO Guru (4400+ Posts, 5100+ Likes)
1700-1800 range will be a good reasonable price range for the lic ipo to have some comfort in valuations and leave something for little listing gains or to avoid any discount listing. And policyholders will even be more benefited due to extra 5-10% discount offered. I wish they come with 5% discount for retailers too for very good participation.
Hey I was Just Calculating About OD against fd... I found sbi take 1% Extra Intrest Rate As Compared to FD intrest Rate Example: if Interest Rate of Fd is 5% intrest charged on OD will be 6%.... And This Money will be getting Credited in Our Bank Account where We Earn 2.5% Bank Intrest Rate so Eventually it Win o Win Situation as We Are getting Extra 2.5%-1%=1.5% Intrest Riskfree..... Any Thoughts on This Are Welcomed 🙂
In bank account that amount will be considered as asset and not as a liability. so you will be charged 6% in that hypothetical case. Net 1 %. No interest on saving amount balance as it is not liability but asset for bank and from our viewpoint it is liability to pay back and not asset. Banks can usually arrange up to 80-90% of FD amount.
Aam Zindagi 1. Give bank Rs 100 - Get Rs 5 after 1 year as interest Overall = Get Rs. 105 back after 1 year
Mentos Zindagi 1. Give bank Rs 100 - Get Rs 5 after 1 year as interest 2. Take Rs 200 OD against the above - Pay Rs 12 after 1 year as interest 3. Put 200 in another FD - Get Rs. 10 after 1 year as interest Overall = Get Rs. 103 (Principal 100+5-12+10) after 1 year.
@Dr. Jan Which Bank is going to give Rs 200/ OD against Rs 100/. It is good calculations for nothing. One gets 5% interest in FD and has to give interest for the OD used for the days @ 6%. Generally 80% OD is given against FD. OD against FD is the best option for loan.
233.6. arunARUN| Link| Bookmark|
March 3, 2022 9:35:32 PM
IPO Guru (1900+ Posts, 1600+ Likes)
While calculation looks good the fact is that no banks gives 100% loan against FD 2ndly bank may refuse to give 1% extra margin rate over 2 lakh FD Yes in theory suggestion can work upto loan limit upto Rs 2 lakh easily without any line crossing
Suppose you have deposited Rs 100000 with 5 % Fd interest and get 100 % OD at 1% extra Interest .
100000 ×5% = 5000 FD Profit 100000×6% = (6000 )Loan Interest Here 1000 Rs as Count loss Now if you get 2.5 % savings for 100000 2500 as Saving Interest 2500 -1000 = 1500 profit . That means at last you will get only 1500 .
@Hostpacker You are absolutely right. There will be clear loss and no profit. If you had not taken OD, you would not have given 6%. Against 6% you get only 2.5% with a market risk of price fluctuations. It may be positive or negative.
Lets add taxation to above case (assuming you annual income is above 10lakhs)
FD at 5% - after tax = 3.44% OD interest at 6% (no deduction of interest) Saving bank 2.5% - after tax 1.72% Net return = 3.44-6+1.72 = -0.84% Congratulations..on making 1 lakh > 99.1k after a year. Wanna talk about inflation too?
233.10. arunARUN| Link| Bookmark|
March 5, 2022 9:36:28 AM
IPO Guru (1900+ Posts, 1600+ Likes)
I realize that most of the poster are taking wrong assumption that if you do FD of Rs 1 lakh and OD limit of Rs 1 Lakh then you are withdrawing the entire amount on day 1 It is an unrealistic assumption. A person who has kept Rs 1 lakh in beginning of year may withdraw at best Rs 50,000 and that to not on one day So while your money is earning 5 percent your saving account on withdrawal of money would earn zero For most of us saving bank balances keeps on increasing over the year. It is rare time when we raid our saving balance to bottom
100 % lic IPO will be delayed to next financial year...
231. arunARUN| Link| Bookmark|
March 5, 2022 9:30:31 AM
IPO Guru (1900+ Posts, 1600+ Likes)
@poweruser See ratio of market valuation of asset management companies managing mutual funds say for HDFC AMC, Nippon AMC or UTI AMC. You will realise that LIC ratio on estimated market cap (being discussed) of Rs 13 to 15 lakh crore is way high compared to asset management companies 2ndly you are focused only on policy holder returns in hand. With cost of insurance it works out to payment of 4.5% if you adjust for life insurance cost. Cost of insurance can be equated to cost of term policy for same person for same sum assured and same term period
If any one has given request for online pan link in policy on 27th or 28 th February but his her pan was linked on 2nd off or 3rd of March will he or she will qualify under policy holder quota..?
From DRHP: "A policyholder of our Corporation shall ensure that his / her PAN details are updated in the policy records of our Corporation at the earliest. A policyholder who has not updated his / her PAN details with our Corporation before expiry of two weeks from the date of the filing of this Draft Red Herring Prospectus with SEBI (i.e.,by February 28, 2022) shall not be considered as an Eligible Policyholder"
The key phrase here is "updated in the policy records" so in my view you will not qualify under shareholder quota as the PAN was not updated in the policy records before the deadline i.e., Feb 28, 2022.
* Read Policyholder instead of shareholder in above post. Sorry for the typo. Thanks!
230.3. lokes| Link| Bookmark|
March 4, 2022 7:46:40 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@manjit: there is no harm in applying under policyholder in such case as you informed, if they consider then its good else anyways in retail we can apply in other accounts. I have also updated PAN in my policy on 27th feb, no idea when it was actually updated, i checked status on 2nd march and it was showing updated. So i will be applying under policyholder. They may consider some extra days as buffer for updation since ipo is anyways so big and they want more participation.
And if ipo will be postponed suppose, then this PAN updation date may also be postponed, once RHP is filled then we will come to know.