Author: Invest Policy

The Income Tax Department has made a significant change by raising the monetary limits for filing appeals in various courts and tribunals. This move is expected to reduce the number of tax-related legal disputes and offer quicker resolutions to taxpayers. As per the latest circular from the Central Board of Direct Taxes (CBDT), new monetary thresholds have been set, helping to streamline tax appeals and ease the burden on judicial bodies. New Monetary Limits for Filing Appeals The updated limits apply to different levels of courts and tribunals: This revision is part of the government’s ongoing efforts to reduce litigation…

Brokerage firms are focusing on key stocks this week, highlighting the potential for gains in some and warning of challenges for others. Here’s a detailed look at the latest updates from 18 September on TCS, Adani Ports, Larsen & Toubro (L&T), Bajaj Auto, and LTIMindtree based on various brokerage ratings. 1. TCS: Outperform with Strong Growth Ahead According to Macquarie, TCS (Tata Consultancy Services) continues to shine in the IT sector, outperforming Infosys in terms of expenditure. With cloud migration deals leaning in favor of TCS, the brokerage has set a target of ₹5,740 per share. Macquarie expects TCS to…

BSE shares have been on a remarkable run, rising 15% on Wednesday, September 18, and reaching a new 52-week high of Rs 3,830. This increase has been part of a larger upward trend, with the stock gaining 32% over the past 4 days and an impressive 80% in the last two months. While this performance is grabbing attention, some experts are raising concerns about the stock entering the overbought zone. Technical Indicators Suggest Possible Correction After Strong Rally According to technical analysts, the Relative Strength Index (RSI) of BSE shares has now touched 80, which signals an “overbought” condition. Stocks…

Bajaj Auto, one of India’s leading two-wheeler manufacturers, is facing a potential setback as global brokerage firm CLSA predicts a significant drop in its stock price. CLSA has maintained its ‘underperform’ rating and set a target price of ₹7,000, which indicates a possible decline of 40% from its current levels. This prediction has led to pressure on the company’s stock, which was trading down by 0.55% at ₹11,884.25 on the NSE as of September 18. What’s Behind CLSA’s Prediction? Increasing CompetitionBajaj Auto has recently launched new models such as the Speed T4 and MY25 Speed 400, but despite these efforts,…

Wind energy companies have been making headlines with their stock performance, as investors have seen impressive returns over the past year. Inox Wind and Suzlon Energy are two key players in this sector, and both have shown significant growth. Let’s dive deeper into how these two companies are performing in the stock market and how they are benefiting investors. Inox Wind: Investors’ Favorite with Over 400% Return Inox Wind has become a star performer, rewarding investors with a massive return of over 400% in just the past year. If you had invested ₹1 lakh in Inox Wind shares a year…

Investors who backed Innomet Advanced Materials Ltd. in its recent IPO were treated to an impressive return as the stock was listed with a whopping 90% premium on the NSE. On its debut trading day, the company’s shares were listed at ₹190, a significant jump from its IPO price of ₹100. The excitement in the market was evident, as buyers flooded the market, leaving no sellers in sight. As of 10 AM on listing day, the demand for the stock far outweighed the supply. There were 14,83,200 buy orders while the sell quantity remained at zero, a rare and telling…

Credit cards have become increasingly popular for their convenience and added benefits such as cashback, reward points, and easy financial solutions. However, if not used wisely, they can lead to financial trouble. To truly enjoy the perks of a credit card, here are five common mistakes to avoid. 1. Ignoring Your Credit Score Before Applying Before applying for a credit card, it’s crucial to check your credit score. A good credit score increases your chances of approval. Many people overlook this and face rejection. By keeping track of your credit score, you can also identify any discrepancies in your credit…

Bajaj Housing Finance (BHF) made headlines with its Initial Public Offering (IPO) after launching a massive Rs 6,650 crore public issue. The IPO saw overwhelming investor interest, receiving bids worth Rs 3.2 lakh crore, with the Qualified Institutional Buyers (QIB) portion getting subscribed a whopping 209 times. When the shares were listed on the BSE and NSE on September 16, they opened at Rs 150 per share, significantly above the issue price of Rs 70. By the end of the trading day, BHF shares closed at Rs 165, highlighting the tremendous interest and demand from investors. But what can investors…

PN Gadgil Jewellers, one of the prominent jewellery brands in India, has made an impressive debut on the stock market. The company’s IPO (Initial Public Offering), which was highly anticipated, saw a remarkable entry today as the shares got listed with a premium of 73% over the issue price. However, the excitement was short-lived as the stock faced some fluctuations during the day. Shares Opened Strong but Faced Dip Later The shares of PN Gadgil Jewellers were issued at Rs 480 per share in the IPO. When listed, the stock opened at Rs 834 on BSE and Rs 785 on…

If you’re on the lookout for a solid investment opportunity, Responsive Industries Limited is worth considering. The company’s stock has been gaining attention from brokerage firms, which are optimistic about its growth prospects. Responsive Industries is one of India’s largest suppliers of PVC membranes and synthetic products, playing a crucial role in numerous government infrastructure projects. On September 17, the company’s share price witnessed a slight increase of 0.36%, closing at ₹294.40 on the BSE. With a market cap of ₹7,848 crore, the stock’s 52-week high stands at ₹364.80, while its 52-week low is ₹255.25. Government Projects Boost Business Outlook…