Vodafone Idea share prices fell over 5 percent intraday on December 9 after Chairman Kumar Mangalam Birla had said that the company might have to shut down its operations if it did not receive any relief from the government. Birla's comment was followed by the Supreme Court order to pay dues of Rs 92,000 crore to the government related to the AGR issue.The stock of the telecom major hit lower circuit of Rs 6.23 per share for the second day in a row. It was quoting at Rs 6.53, down Rs 0.39, or 5.64 percent. It has touched an intraday high of Rs 6.64 and an intraday low of Rs 6.07. The stock plunged over 68 percent in the last one year.Birla was responding to a query, posed at the Hindustan Times Leadership Summit, about the company's course of action going forward in the absence of government relief.Close Birla said the Aditya Birla Group would not invest any money in the company in the absence of relief from the government. "There is no sense that good money should follow bad … [Read more...] about Vodafone Idea hits lower circuit after Chairman KM Birla’s comments spook investors
Open plan kitchen ideas
Brokerages expect these 10 stocks could return 14-33% as market rally broadens in 2020
The government initiatives to bring economy back on growth track lifted overall market sentiment which resulted into 13 percent market rally since September. In fact, benchmark indices hit a fresh high towards the end of November and currently after consolidation for more than a week again inched towards those earlier highs.It is all thanks to inflow of foreign money, especially after the government measures, including cut in corporate tax rate.Experts believe the government efforts to bring economy on track will be seen in coming years and currently the rally seen in few stocks that helped benchmark indices report double-digit return in just three months will trickle down to mid and smallcaps also in coming years.Close "We expect the upcoming year to be a good for equity investments, especially the midcaps, following the aggressive roadmap of reforms undertaken by the government treading fiscal prudence path," Axis Securities said. related news D-Street Buzz: FMCG stocks … [Read more...] about Brokerages expect these 10 stocks could return 14-33% as market rally broadens in 2020
D-Street Buzz: Profit booking drags PSU Banks lower led by SBI; Dish TV tanks 15%
Indian stock market is trading in the red with Sensex down 132.78 points or 0.33 percent at 40646.81, and the Nifty shed 39.60 points at 11978.80.Nifty PSU Bank is the underperforming sector, down over 3 percent after the Reserve Bank of India decided to hold interest rates. Investors booked profit on fears of weak economic growth.The MPC significantly increased its CPI inflation forecast for H2 FY20 to 5.1-4.7 percent from the earlier 3.5-3.7 percent, with risks broadly balanced.Close Following the continued drop in GDP (gross domestic product) in Q2 FY20, the MPC has considerably reduced its projection for economic growth for the year to March to 5 percent, from the previous 6.1 percent with risks evenly balanced in October 2019. related news Manappuram Finance shares hit record high on insider trading case settlement D-Street Buzz: FMCG stocks under pressure led by HUL, ITC; Tech Mahindra, TCS up 2% each Aster DM Healthcare share price rises 2% on plans to … [Read more...] about D-Street Buzz: Profit booking drags PSU Banks lower led by SBI; Dish TV tanks 15%
The Bharat Bond ETF is not without risks
Rajiv ShastriThe Bharat Bond ETFs are here and those in the investment ecosystem in India can’t stop talking about them. Asset managers, advisers and the media have all expressed their opinion, which is largely positive and salutary.The Bharat Bond ETF is, after all, a brand-new investment product; an option that investors didn’t have yet. It’s certainly different; but, does that make it necessarily better? Let’s take a deeper look.Close How it compares with other options related news Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite? Edelweiss AMC announces public issue of Bharat Bond ETF; to raise up to Rs 15,000 cr Reporter's Take | Bharat Bond ETF: The cheapest mutual fund product in India The Bharat Bond ETF offers a unique combination of relative return certainty (if held to maturity), beneficial tax treatment (if held for more than three years) and liquidity (if one needs to exit before maturity – … [Read more...] about The Bharat Bond ETF is not without risks
Most stocks in Rakesh Jhunjhunwala, Dolly Khanna & Ashish Kacholia’s portfolios fell in 2019
With an 11 percent return so far in 2019, the Indian market is trading near record high. However, stocks in the portfolio of market veterans such as Rakesh Jhunjhunwala, Dolly Khanna and Ashish Kacholia have mostly given negative returns in the calendar year as of September quarter.It is only a reflection of their portfolio as we have only considered those stocks where these investors had at least 1 percent stake at the end of September quarter.About 24 stocks in Jhunjhunwala's 30-stock portfolio, fell as much as 90 percent in 2019. These include DHFL, DB Realty, Autoline Industries, Bilcare, NCC, Edelweiss Financial Services and Karur Vysya Bank.Close related news Market Headstart: Nifty50 seen opening flat; Balrampur Chini, L&T top buys Hold on to your bets! Santa Claus rally in December is on the cards Market Week Ahead: 10 key factors that will keep traders busy Note: This is not an exhaustive list of companies in which market … [Read more...] about Most stocks in Rakesh Jhunjhunwala, Dolly Khanna & Ashish Kacholia’s portfolios fell in 2019