Global brokerage house CLSA retained its bullish view on Reliance Industries, the country's most valued company, and Lemon Tree Hotels, the largest mid-priced hotel chain in India.After tariff hike, the research house increased its target price on Reliance Industries to Rs 2,010 (from Rs 1,710 earlier), implying 30.6 percent potential upside from current levels following expectations of a good growth in telecom business with a strong subscriber base."Despite tariff hike, Jio is at a 7-20 percent discount to its competition," said the brokerage.Close Reliance Jio on December 4 unveiled tariffs for its new all-in-one plans to be effective December 6 and announced up to 35 percent hike in its tariff. The new plans will provide up to 300 percent more benefits compared to the earlier all-in-one plans. related news Nifty may head towards 12,350, 12,500; top 5 buying ideas which can return 12-17% Experts say RBI may cut repo rate by 60-70 bps in 2020; 15 rate-sensitive … [Read more...] about CLSA bullish on these 2 stocks, expects at least 25% return in a year
Expected returns how
Ashish ChaturmohtaThe late surge helped the market close in the green on December 4. The Nifty finally settled at 12,043 up by 0.41 percent. Broader market indices BSE Midcap and Smallcap were up by 0.5 percent and 0.3 percent.Market breadth on NSE was positive with the advance-decline ratio of 8:7. After the last three days of correction, Nifty has found support at 21-day exponential moving average and seen a bounce back. Also, the index managed to hold above the short-term rising support trend line connecting recent low of 11,802 and 11,883, thus, forming higher lows on the daily chart.Close Now holding above 11.935 levels, expect uptrend to continue in the market for 12,350 and then 12,500 odd levels. Breaking below 11,935, we expect profit booking towards 11,802. The low of 11,802 is now a key pivotal support level for the market in the short term.Ashish ChaturmohtaHead of Technicals and Derivatives|Sanctum Wealth Management SRF, ICICI Bank among top 4 stocks which … [Read more...] about Nifty may head towards 12,350, 12,500; top 5 buying ideas which can return 12-17%
Liquid mutual funds are mutual funds that invest in debt instruments and money market instruments. Liquid funds have a tenure of up to 90 days i.e. nearly three months. However, if you are an investor putting in your money in liquid funds, you need to know that you can only invest up to Rs 10 lakh.The NAV of the liquid fund is calculated for 365 days, whereas the NAV of other funds is calculated only on the basis of business days. Benefits of liquid Mutual FundsHere are the key advantages of liquid funds which make them an attractive option for the investors:Close Minimal lock-in period - Lock-in periods can range from 3 days to 3 months maximum. This means that you have access to instant liquidity in case of any emergency. You can sell the units without any hassle without any exit load. related news CIC issues show-cause notice to RBI for casual approach to its notice Japan government approves economic stimulus package to combat overseas risks Oil rises as OPEC … [Read more...] about Liquid Funds: What are Liquid Mutual Funds in India?
The 2019 edition of OECD Economic Surveys: India report has projected India's gross domestic product (GDP) to grow at 5.8 percent for the financial year 2019-20."Growth has slowed since mid-2018, from a hefty pace, reflecting the sharp deceleration in private consumption," the report underlines.Changes in insurance regulations and liquidity stress in the non-banking financial companies (NBFCs) have affected car sales while the shutdown of one major airline and volatility in fuel prices have weighed on consumer confidence, the survey said.Close The report, despite forecasting muted GDP growth for India, says that the country remains a growth champion despite recent slowdown and going forward, growth is projected to recover. related news Govt may rework findings of Household Consumer Expenditure survey Country in trouble as PM Modi, Amit Shah live in 'imaginary' world: Rahul Gandhi Govt cannot suppress my voice in Parliament: Chidambaram For 2020, the survey projects … [Read more...] about OECD report projects India’s FY19-20 GDP growth to be 5.8%
Moneycontrol BureauThe Reserve Bank of India (RBI) left the repo rate unchanged in its December policy review while maintaining accommodative stance, as it expects past monetary easing and measures taken by the government to feed into the real economy gradually.All six members of Monetary Policy Committee (MPC) voted in favour of a pause, the central bank said in a statement on December 5.Close To catch all the action from the Monetary Policy Meet, click here related news RBI Credit Policy | To issue draft norms for cooperative banks to strengthen safety of deposits Households expect inflation to rise, businesses see weak demand: RBI survey RBI Credit Policy | Monetary Policy Committee raises consumer inflation target for October-March to 4.7-5.1% Following are the key takeaways from the monetary policy:On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 5, 2019) decided to:- … [Read more...] about RBI Monetary Policy: A quick read of the policy document