Experts Financial News

Independent market expert Ajay Bagga says we do not know if the buying in FMCG stocks is a function of defensiveness or a re-rating of the sector. “If it is a re-rating, it is ahead of the curv,” he told ET NOW in an interview. Edited excerpts:

The interest certificate received from the bank for Fixed deposits indicates interest in two categories for the Financial Year 2023-24. Interest credited to the savings account during F. Y. 2023-24 and Accrued interest on FD but not credited to savings account since FD is not matured in a subject financial year. Till last year F. Y. 2022-23, there was no accrued interest. Only interest credited to the savings account was shown as income while filling out the ITR. From F. Y. 2023-24, accrued interest appears in the interest certificate since a few FDs did not mature during F. Y. 2023-24. I want to file an ITR for F. Y. 2023-24. Do we have to show both interest categories while filing income tax returns, or is only interest credited to the savings account? Answer: As per the provisions of income tax laws, in respect of head “Profits and gains of business or profession" and “Income from other Source", a taxpayer has the option to declare his income in respect of a particular source of income either on receipt basis or on an accrual basis.

optimism around increased industrial usage of the metal have fuelled a rally in the shares of Hindustan Zinc, which surged nearly 19% intra-day Friday to hit a lifetime high of ₹540.95. With Friday's gains, the shares have gained more than a staggering 80% since April, with a rally in zinc prices also contributing to the gains. While the stock remains in a positive momentum, experts are cautioning against buying the stock at current levels, and in fact, recommend taking some profits off the table given that valuations are expensive after the recent gains.

The announcement of Sweetgreen salad chain that it’s adding beef to its menu led to strong reactions online, with customers questioning the company’s carbon neutral plans

The average taxpayer is getting a $2,852 refund, $75 more than last year

Akshaya Tritiya 2024: Gold price rises ₹41,000 in five years. Experts see up to ₹85K peak next year “Gold is driven higher by rise in festive demand in India with additional support from a weaker U.S. dollar, which is down on rising bets for an early rate cut by the U.S.

Benchmark indices Nifty50 and S&P Sensex ended the week two percent lower this week. The continuous decline in the stock market has given yet another reason to investors to relook at their debt allocation. 

Managing to raise a loan with a poor CIBIL score can be tough, but it’s not impossible. There are a number of ways to do so. 

ChatGPT in November 2022. With its ability to analyze vast amounts of data and provide actionable insights, AI has become indispensable in informing policy decisions and addressing pressing challenges faced by world leaders. During the G20 Summit 2023 hosted by India, the member nations have chosen to adopt a "pro-innovation" regulatory approach, aiming to maximize the benefits of AI while mitigating the associated risks.

₹10 lakh crore in a week as the cumulative market capitalisation of BSE-listed firms has dropped to nearly ₹396.6 lakh crore. Nearly 350 stocks in the BSE 500 index fell 1-23 per cent during the week. The Indian stock market is experiencing significant volatility, as evidenced by the India VIX index, which surged by over 26 per cent this week.

₹67 per share. The IPO lot size for Mandeep Auto Industries is 2,000 shares. The equity share allocation for the IPO is as follows: up to 17,88,000 equity shares are available to non-institutional investors (NII), up to 17,90,000 equity shares are offered to retail individual investors, and up to 1,90,000 equity shares are available to market makers.

Nifty Bank continued its losing streak but managed to hold onto its crucial support of 47,400. However, it closed below the 50-DMA on the daily charts. The Nifty Bank fell 66 points to close at 47,421 and on a weekly basis the index was down by more than 3%.

Just today, data from Lookonchain reveals that a trader turned a little over $8000 into $1.2 million, earning a stunning 144x return on investment. All eyes are now on Sealana ($SEAL) the latest Solana meme coin that is being tipped by experts as potentially the best crypto to buy now.

CAMS) reported a consolidated net profit of Rs 103.50 crore for the quarter ended March 31, 2024, a rise of 39% against the profit after tax (PAT) of Rs 74.61 crore posted in the year-ago period. The consolidated revenue from operations rose 24.6% year-on-year (YoY) to Rs 310.46 crore. The company also recommended a final dividend of Rs 16.50 per share.

₹109 to ₹114 per share. The IPO lot size for Veritaas Advertising is 1,200 shares. The equity share allocation is as follows: Market Maker is allotted up to 37,200 equity shares; Non-Institutional Investors (NII) is allotted up to 1,06,800 equity shares; Retail Individual Investors (RII) is allotted up to 2,48,400 equity shares; and QIB Anchor Portion is allotted up to 1,74,000 equity shares.

₹10 lakh crore in a week as the overall market capitalisation of the firms listed on the BSE dropped to nearly ₹396.6 lakh corr from nearly ₹406.2 lakh crore on Friday, May 3. On Friday, Sensex snapped its three-day losing run to close 260 points, or 0.36 per cent, higher at 72,664.47, with shares of ITC, Reliance Industries and Bharti Airtel among the top contributors to the gain.

Servotech share price: Despite the challenging market conditions, Servotech Power Systems Ltd declared its Q4 results 2024 on Thursday, showcasing a remarkable revenue growth of 13.89% in Q4 FY24 to ₹136.65 Cr & a growth of 27.49% in the year ended FY24 to ₹355.26 Cr on a YoY basis. The company's profitability also demonstrated its resilience, with PAT increasing by 6.69% to ₹11.80 Cr in FY24. EBITDA increased by 18.05% to ₹22.36 Cr in FY24, a testament to its increased operational efficiency and the ability to generate higher-value products.

Also Read: Market Meltdown: Indian stocks lag behind global peers in May – key reasons explained According to the brokerage, the country's healthcare expenditure, currently at only 3% of GDP, has historically lagged behind global counterparts due to higher 'out of pocket' expenses (51%), and lower health insurance penetration (39%). However, with diagnostics representing approximately 7% of the healthcare industry, there's significant potential for growth as India focuses on enhancing spending on essential healthcare services.

₹63 to ₹67 per equity share of face value of ₹10 each. There are 2,000 shares in each IPO lot. 2,000 equity shares is the minimum application size; beyond that, applications will be accepted in multiples of 2,000 equity shares.

Stock market today: After bleeding for the five straight sessions, the Indian stock market had a sigh of relief as there was some relief rally in early morning deals on Friday. However, the Indian volatility index, India VIX, continues to remain on the higher side. The India VIX today opened flat at 18.20, but the index soon gathered momentum and touched an intraday high of 18.66.

Akshaya Tritiya 2024: Investing in gold has long been a tradition for investors seeking stability and security in their portfolios. However, there are alternative avenues that offer similar benefits with unique advantages. Diversifying investment portfolios with these alternative instruments alongside or instead of gold can enhance risk-adjusted returns and align with specific investment objectives and preferences.