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Fwd: Service sector growth, IDFC merger, & more - Groww Digest
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From: Groww Digest <noreply@digest.groww.in>
Date: Fri, Oct 4, 2024 at 8:32 PM
Subject: Service sector growth, IDFC merger, & more - Groww Digest
To: <logysysweb@gmail.com>
| Sensex | 81,688.45 | ▼ 0.98% |
| Nifty | 25,014.60 | ▼ 0.93% |
Nifty 50 stocks saw a sudden fall after 12:26 PM today.
Markets have closed down in the last 5 trading days.
Media stocks fell the most today. PSU bank sector was up.
US markets were down. European markets saw a mixed trend.
Top Gainers | NIFTY 50 |
| Infosys | Rs 1,918.15 | ▲ 1.31% |
| ONGC | Rs 295.25 | ▲ 1.10% |
| HDFC Life | Rs 708.80 | ▲ 0.93% |
| Tech Mahindra | Rs 1,616.45 | ▲ 0.77% |
| Wipro | Rs 533.55 | ▲ 0.64% |
Top Losers | NIFTY 50 |
| M&M | Rs 3,017.45 | ▼ 3.59% |
| Bajaj Finance | Rs 7,211.35 | ▼ 2.99% |
| Nestle | Rs 2,598.15 | ▼ 2.87% |
| Hero Moto | Rs 5,520.85 | ▼ 2.51% |
| BPCL | Rs 340.25 | ▼ 2.47% |
India’s forex reserves rose to an all-time high of $704.89 billion after adding $12.59 billion in the week that ended on 27 Sept.
India’s services sector PMI fell to 57.70 in Sept (vs 60.90 in Aug). This means that the services sector grew at a slower rate in Sept as compared to Aug.
IDFC First: reported a 21.30% year-on-year rise in total loans disbursed to Rs 2.22 lakh crore in the July-Sept quarter. Deposits with the bank rose 32.20% to Rs 2.17 lakh crore. The bank has also completed the merger of IDFC Ltd with the company.
GAIL: has signed an MoU with AM Green to jointly set up 2.5 GW of renewable energy projects.
HDFC: reported a 7% year-on-year rise in gross loans disbursed to Rs 25.19 lakh crore in the July-Sept quarter. Deposits with the bank rose 15.10% to Rs 25 lakh crore.
Bajaj Housing: has raised Rs 550 crore through debt on a private placement basis. The issue has an interest rate of 7.56% and a tenure till 2034.
L&T Finance: has raised Rs 300 crore through 2 debt issues on a private placement basis. The issues have interest rates of 8.24% and 8.16% and a tenure till 2027.
Bank of Baroda: reported a 12.51% year-on-year rise in domestic loans disbursed to Rs 9.39 lakh crore in the July-Sept quarter. Deposits with the bank rose 7.14% to Rs 11.51 lakh crore.
IndusInd Bank: reported a 13% rise in loans disbursed to Rs 3.57 lakh crore. Deposits rose 15% to Rs 4.13 lakh crore.
Garden Reach Shipbuilders: got orders worth Rs 226.18 crore for hybrid electric ferries from the West Bengal government.
The amount of money (out of total revenue) left with a company after its expenses.
If a company has a total revenue of Rs 100 and ends up with Rs 20 after paying costs such as taxes and wages, then it has a 20% profit margin.
While a higher profit margin is generally considered a positive sign, the ‘right’ margin amount varies from industry to industry.
Some industries with a smaller user base (like Mercedez) might need to have a higher profit margin to survive.
On the other hand, in some industries where the customer base is large (like DMart) a smaller profit margin can help attract customers much faster — selling your products for cheaper and spending more on R&D and marketing.
Multi-cap funds.
There used to be an older definition of multi-cap mutual funds.
Earlier
Multi-cap funds were allowed to invest in any company as long as more than 65% of the total money was invested in stocks.
Back then, multi-cap mutual funds used to invest mostly in large-cap stocks.
Then, the rules were changed.
Now
Multi-cap mutual funds have to invest at least 25% in small-cap stocks, 25% in mid-cap stocks, and 25% in large-cap stocks.
Many of the older multi-cap funds changed their type to ‘flexi-cap’ and continued to invest heavily in large-cap stocks.
So, this new kind of multi-cap fund category is actually quite rare. Not many investors invest in it.
The older kinds of multi-cap (which are now called flexi-cap mutual funds) are popular with investors.
| Q. “If I have bought total 4 shares of a company in such a way that 1 bought in Jan 1 in Jun and 2 in oct of same year. Now I want to sell 2 shared in November month so which 2 shares will be sell the older one or the new ones, please confirm, thanks!” |
When selling shares, the principle of FIFO is followed.
FIFO = First In, First Out
This is because older shares tend to have lower taxes in many cases.
So, selling older shares first is better for the investors.
Investors do not have to choose which shares to sell. Investment platforms automatically sell the oldest shares first.
| 🥇 10g Gold | Rs 76,110 | ▲ 0.20% |
| 🥄 1kg Silver | Rs 92,420 | ▲ 0.91% |
| 💲 USD-INR | Rs 83.97/USD | ▲ 0.02% |
| 🇺🇸 Dow Jones | 42,011.59 | ▼ 0.44% |
| 🇺🇸 Nasdaq | 17,918.47 | ▼ 0.04% |
Long Term Returns | Past 20 yrs |
| 🇮🇳 Sensex | ▲ 14.17% p.a. |
| 🇮🇳 Nifty | ▲ 14.05% p.a. |
| 🇺🇸 Dow Jones | ▲ 7.33% p.a. |
| 🇺🇸 Nasdaq | ▲ 11.72% p.a. |
| ⬤ ⬤ ⬤ ⬤ ⬤ |
 Team Groww Digest |
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