The recent sharp rally in paper stocks following the government's pledge to eliminate single-use plastic has made investors sit up and take note.Many are of the opinion that the government’s shun-plastic push has brightened the prospects of paper companies. But, analysts and industry watchers are less convinced with this rally.The government has pledged to eliminate single-use plastic by 2022. As per reports, a nationwide ban on single-use plastic, including bags, cups and straws, could come as early as on October 2, the 150th birth anniversary of Mahatma Gandhi.Close Since August 15, when Prime Minister Narendra Modi urged citizens to give up single-use plastic by October 2, 20 paper stocks have surged over 10 percent as of September 11 on BSE. related news Sensex at record high but midcaps likely to generate wealth; 20 stocks to bet on Technical View: Nifty forms Doji pattern, record high likely if index closes above 12K Sensex hits a new high, 4 factors that could … [Read more...] about 20 paper stocks up 10% since Aug 15. Will it hold?
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As part of Moneycontrol’s Double Your Income series, Rahul Shah, Co-head of Research at Equitymaster discusses how investors should react when the market is rallying, despite macroeconomic numbers painting a bleak picture.In this special podcast, Shah, who has over 16 years of experience in equity research and building investing systems, talks about the difficult decisions investors would have to make in such a scenario.Close Tune in to this MC special podcast for more.If you have any questions for Rahul Shah or any feedback, you can write to us at [email protected] access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about MC Special podcast | Double Your Income: How to profit when the market is strong, but economy is weak
Life insurance and asset management companies (AMC) are likely to be high-growth businesses due to the financialization theme that is playing out, Rusmik Oza, Head of Fundamental Research, Kotak Securities, says in an interview to Moneycontrol’s Kshitij Anand.Edited excerpts:Close Q) What is your assessment of the September quarter earnings? If you had to describe them in one word, what would that be? What were the highlights?Rusmik OzaHead of Fundamental Research|Kotak Securities 'Corporate tax cut will boost earnings by 15-20%; HDFC Bank, ONGC, M&M among 20 cos to benefit the most'Cement, oil & gas among 3 sectors likely to outperform; here’s why'Nifty unlikely to test 12,000; expect the slump in earnings to continue in Sept quarter'A) If one has to summarise the September quarter results in one word, it would be ‘Decent’. Further, if it needs to be summarised in a sentence, it would be ‘Optically healthy on earnings, due to corporate … [Read more...] about Don’t miss! Stocks from life insurance and AMC likely to be included in Sensex & Nifty
Post SEBI's diktat on scheme consolidation for the fund industry, Association of Mutual Funds in India, the mutual fund lobby, has issued a list of ranked stocks based on their market capitalisation.According to AMFI large cap stocks are Top 1-100 companies in terms of full market capitalisation, while the mid cap stocks comprise 101-250 companies, and small cap stocks would consist stocks beyond 250 companies in terms of full market capitalization.AMFI has ranked close to 5,250 stocks – 100 large caps, 150 mid caps and the rest small cap.Close AMFI on its website stated, "SEBI has defined large cap, mid cap and small cap companies in order to ensure uniformity in respect of the investment universe for equity mutual fund schemes. Further, SEBI has also stipulated that AMFI shall prepare the list of stocks in this regard. Accordingly, AMFI, in consultation with SEBI and Stock Exchanges, has prepared the list of stocks, based on the data provided by Bombay Stock Exchange (BSE), … [Read more...] about AMFI chalks out list of stocks based on market capitalisation for mutual funds
At a time when foreign brokerages are struggling and shutting shop in India, South Korea's Mirae Asset, which already has a mutual fund in India, is planning to enter the broking business.It is also going to have verticals dedicated to private equity and investment banking.Mirae Asset Group scouting for private venture/equity investments in India and is setting up investment banking and broking business through Mirae Asset Capital Market India Pvt. Ltd.Close Swarup Mohanty, Chief Executive Officer, Mirae Asset Global Investments (India) said, " We are looking at Mirae Asset Capital Markets coming out here and establishing itself in India. We will be applying for the license soon."Himadri BuchAssistant Editor|Moneycontrol.com Essel Group stake sale in Zee: Will it release logjam for MFs?SEBI move to up minimum PMS investment could benefit mutual fundsExclusive | L&T MF CIO Soumendra Nath Lahiri resignsMohanty was speaking at Mirae Asset press meet held in Mumbai to discuss business … [Read more...] about Mirae Asset Group to foray into PE, investment banking and broking biz