Author: Invest Policy

India’s economy is showing signs of robust growth, as reflected in the substantial increase in direct tax collections during the financial year 2024-25. Up until September 17, net direct tax collections have surged by 16.12% to cross an impressive Rs 9.95 lakh crore. This growth is being driven by both personal income tax (PIT) and corporate tax contributions, showing the country’s expanding economic base. Growth in Personal and Corporate Taxes Between April 1 and September 17, personal income tax collections witnessed a remarkable growth of 19%, reaching Rs 5.15 lakh crore. Corporate tax collections also rose by 10.55%, amounting to…

Ellenbarrie Industrial Gases, one of India’s oldest industrial gas companies, is gearing up to raise funds through an Initial Public Offering (IPO). The company has already filed the necessary papers with SEBI, the market regulator. This IPO will include fresh equity shares worth ₹400 crore, along with 1.44 crore shares being sold by the company’s promoters through an Offer for Sale (OFS). Promoters Padam Kumar Agarwal and Varun Agarwal will be offering 72.13 lakh shares through the OFS. Pre-IPO Fundraising: ₹80 Crore on the Table Before the formal launch of the IPO, Ellenbarrie Industrial Gases is considering raising up to…

If you’re looking for a new investment opportunity, the green energy sector might be worth considering. Recently, India’s Prime Minister Narendra Modi inaugurated the ‘Global Renewable Energy Investors Meet and Expo’ in Gujarat, where several big announcements were made regarding the green energy sector. This signals a growing push from the government towards sustainable energy, which has already been performing well in the stock market. Investors and analysts are now eyeing this sector for potential opportunities. Green Energy Stocks Outperforming the Market Green energy stocks have been doing exceptionally well this year. On average, stocks in this sector have returned…

Northern Arc Capital’s Initial Public Offering (IPO) has seen an overwhelming response from investors, with the issue being subscribed 20.18 times by the third day of subscription. The company, which is looking to raise ₹777 crore through this IPO, is offering shares in the price range of ₹249-₹263 per share. The subscription window remains open until September 19 for those still interested in investing. Breakdown of Investor Categories The strong subscription numbers are a clear indication of the demand across different categories of investors. Here’s how the various segments responded: (Source: BSE, as of 18 September 2024) This high subscription…

Market expert Prakash Diwan shared his thoughts on various stocks today, including Ola Electric, during his interaction with CNBC-Awaaz. Diwan expressed concerns over the current valuation of Ola Electric, highlighting that despite the excitement around electric vehicles, the sector is still in an experimental phase. He mentioned that Ola’s business, while promising, lacks the scalability assurance that long-term investors typically seek. According to Diwan, the stock is currently overpriced and if he held shares of Ola, he would have booked profits at this stage. He emphasized that while the company might need more time to fully establish itself in the…

SBI Mutual Fund has recently launched the SBI Nifty 500 Index Fund, providing a unique opportunity for investors to invest in the top 500 companies listed on the National Stock Exchange (NSE). These companies are chosen based on their market capitalization, meaning the fund offers exposure across large-cap, mid-cap, and small-cap stocks. For first-time investors looking to diversify their portfolios, this fund seems appealing, but should they jump in? How Does the SBI Nifty 500 Index Fund Work? The SBI Nifty 500 Index Fund tracks the Nifty 500 Index, which covers nearly 92% of the total market capitalization of all…

Real estate company Suraj Estate Developers Ltd has been making waves in the stock market, delivering impressive returns and catching the attention of major investors. One such notable investment is from LIC Mutual Fund’s Flexi Cap Fund, which recently bought shares in the company. With a strong focus on the South Central Mumbai (SCM) market and specialization in redevelopment projects, Suraj Estate Developers is proving to be a rising star in the real estate sector. LIC Mutual Fund Buys 2.83 Lakh Shares of Suraj Estate On 17th September 2024, LIC MF Flexi Cap Fund purchased 283,616 shares of Suraj Estate…

The excitement around IPOs (Initial Public Offerings) has grown significantly, with more and more people looking to invest in new companies. But as the number of investors has surged, many are finding it difficult to get an IPO allotment. If you’re someone who has been trying but haven’t had luck, don’t lose hope just yet. There are a few smart strategies you can use to increase your chances of securing an allotment. Apply Using Multiple Demat Accounts (But Keep the PANs Different) One of the most common strategies to improve your odds is by applying for the IPO using multiple…

JK Cement has been in the spotlight recently as its stock price has surged by nearly 40% over the past year. This impressive performance is a result of consistent growth in its financial results, even in the face of tough market competition. As the company continues to strengthen its position, the question arises: is it a good opportunity to invest now? Strong Financial Performance Amid Market Challenges JK Cement has shown solid performance over several quarters, with sales growing by 2% year-on-year (YoY) in the June 2023 quarter, reaching ₹2,653 crore. A key driver behind this growth was a 6%…

IT stocks took a sharp hit today, 18 September, as market participants showed caution ahead of the US Federal Reserve’s meeting results. The Nifty IT index slumped by nearly 3%, with major players like Infosys, TCS, and Tech Mahindra leading the downturn. This drop comes just before the Federal Reserve is set to announce decisions regarding interest rates, which is expected to have a significant impact on IT companies. Profit Booking Amid High Valuations The fall in IT stocks isn’t being seen as a correction, but rather profit booking at higher levels, according to Osho Krishna, Technical and Derivative Analyst…