RIL share price at fresh record high post Just Dial acquisition, rallies 20% YTD; should you buy, sell, hold?

2021年12月28日 0 Comments

RIL share price hit a fresh record high of Rs 2,383.80 apiece on BSE intraday on Friday, after the companys subsidiary Reliance Retail Ventures (RRVL) took the sole control of Just Dial with effect from September 1, 2021. Now, RRVL holds 40.98 per cent of the local search engine. Moreover, the oil-to-telecom conglomerate is scheduled to launch the JioPhone Next smartphone on Ganesh Chaturthi, 10 September 2021. Mukesh Ambanis Reliance Industries Ltd shares crossed the previous high of Rs 2,368.80, touched on 16 September 2020. In the past five days, RIL share price has surged 5.42 per cent, while it has rallied 14 per cent in one month. So far in the calendar year 2021, RIL share price has soared 19.71 per cent. In the last five years, RIL stock has delivered whopping 360 per cent returns to the investors. Reliance has reclaimed its record high after consolidating in a range for nearly a year. Analysts see RIL stock upbeat to carry this momentum. We suggest investors to hold their existing positions for the positional target of 2700+. For fresh short term buying, we recommend maintaining stop loss at 2250, Ajit Mishra, VP In traded volume terms, 4.20 lakh shares have exchanged hands on BSE, while 5.85 lakh units traded on NSE so far in the day. Analysts suggest investors to invest in RIL with a stop loss below Rs 2180, and a target of 2600+ in the next couple of quarters. Those who are already holding it can continue to hold it. Even averaging at this level is possible with said stop loss, Vishal Wagh, Head of Research, Bonanza Portfolio Ltd, told Financial Express Online. Also read: Reliance aims at 100 GW renewable energy by 2030, bring hydrogen cost under $1, says Mukesh Ambani Technical analysts said that RIL stock is now in uncharted territory and grossly overbought. There can be two things. Short-term traders can use this up move to book profits and exit; or keep a trailing SL as they ride the momentum, Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research Advisory Services, told Financial Express Online. Vaishnav also added that medium-term investors can buy with a revised SL of Rs 2,250. On Friday, Mukesh Ambani at the International Climate Summit 2021 reiterated his commitment to invest Rs 75,000 crore over the next three years in green energy initiatives, including the Dhirubhai Ambani Green Energy Giga Complex over 5,000 acres in Jamnagar. This will be amongst the largest integrated renewable energy manufacturing facilities in the world. (The stock recommendations in this story are by the respective research analysts and brokerage firms. Financial Express Online does not bear any responsibility for their investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)

Maruti Suzuki to increase vehicle prices across range, effective September 2021

2021年12月7日 0 Comments

Maruti Suzuki has announced a price hike across its range effective September 2021. Maruti Suzuki has not mentioned the percentage of the hike and claims that the rise in input costs is the reason. Maruti Suzuki announced the price hike in a filing. Hence, it has become imperative to pass on some impact of the additional cost to the customers through a The price rise has been planned across models in September 2021. This is the third price hike by Maruti Suzuki this year. Earlier in April, Maruti increased prices by 1.6% on the ex-showroom value of vehicles, and in January, Maruti Suzuki hiked prices upto

Petrol and diesel price today August 30: Petrol, Diesel rates unchanged; check price in Delhi, Mumbai here

2021年11月30日 0 Comments

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The prices of petrol and diesel were left unchanged by oil market companies on Monday, for the sixth consecutive day. Today, petrol in the national capital costs Rs 101.49 per litre, while Diesel in the capital city is retailing at Rs 88.92 per litre. So far this week prices have been cut twice. The price of petrol was cut for the first time in 35 days on Sunday. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates. Mumbai52 per litre. Diesel in the country48 per litre. The divergence in prices between Delhi and Mumbai is due to various local VAT factors in different cities. Petrol and Diesel prices are fixed on the basis of freight charges, local taxes, and VAT. Petrol has crossed the Rs 100-a-litre mark in Delhi, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Ladakh, and some cities of Bihar and Punjab. Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Hyderabad, UP, Punjab, Haryana, Pune -Chennai: Petrol prices 20 per litre; Diesel prices 52 per litre -Kolkata: Petrol prices 82 per litre; Diesel prices 98 per litre -Pune: Petrol prices 08 per litre; Diesel prices 59 per litre -Bengaluru: Petrol prices 98 per litre; Diesel prices 34 per litre -Hyderabad: Petrol prices 54 per litre; Diesel prices 99 per litre -Noida (UP): Petrol prices 79 per litre; Diesel prices 49 per litre -Mohali (Punjab): Petrol prices 65 per litre; Diesel prices 98 per litre -Chandigarh: Petrol prices Rs 97.66 per litre; Diesel prices 62 per litre -Gurugram (Haryana): Petrol prices 21 per litre; Diesel prices 60 per litre Crude Oil price Crude oil prices were moving in the opposite directions on Monday morning. Oil platforms were shut in some regions as Hurricane IDA neared. According to Reuters, Brent crude futures were up, trading at $72.86 per barrel while the U.S. West Texas Intermediate futures slipped to trade at $68.70 a barrel.

ESDS Software files draft papers with Sebi; aims to raise Rs 1,300 crore

2021年11月2日 0 Comments

Cloud services and data centre firm ESDS Software Solution has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,200-1,300 crore through an initial share sale. The initial public offering (IPO) consists of fresh share issuance worth Rs 322 crore and an offer for sale (OFS) of up to 2.15 crore equity shares by investors and a member of the promoter group, according to draft red herring prospectus (DRHP). The OFS comprises sale of up to 1.68 crore equity shares by South Asia Growth Fund II LP, up to 42.31 lakh equity shares by GEF ESDS Partners LLC, up to 4 lakh equity shares by Sarla Prakashchandra Somani and up to 34,000 equity shares by South Asia EBT Trust. The Nashik-based firm may consider a pre-IPO placement aggregating up to Rs 60 crore. If the placement is completed, the fresh issue size will be reduced. According to merchant banking sources, the initial share sale is expected to fetch Rs 1,200-1,300 crore. Proceeds from fresh issuance will be used to purchase cloud computing equipment for the companys data centres, long term working capital requirements as well as repay or prepay some of the term loans and general corporate purposes. Founded in 2005 by Piyush Somani, the digital transformation catalyst and enabler is present across APAC, Europe, Middle East, The Americas and Africa. Its business model is broadly classified into cloud services, data centre services and product RD, and serves customers across BFSI, healthcare, education, energy utilities, real estate, IT and ITes, agriculture, manufacturing, entertainment media, e-commerce sectors. Some of the companys customers include Small Industries Development Bank of India, Tata Capital, DCB Bank, Union Bank and SBI Capital Markets. For FY21, its total income stood at Rs 174.10 crore against Rs 160.53 crore the previous year and EBITDA for the period under review was Rs 63.81 crore, compared to over Rs 51.72 crore in the preceding year. Axis Capital and IIFL Securities are the book-running lead managers to the issue. In 2015, CanBank Venture, the wholly-owned subsidiary of Canara Bank, had invested Rs 25 crore in ESDS Software Solution.

EPL Summer Transfer Window Highlights 2021: Some hits and a few misses

2021年10月12日 0 Comments

EPL Transfer Window Highlights 2021: But once it got going, the transfer window blew up as arguably the two biggest ticket players switched sides Now that the curtain has fallen on an eventful transfer window, here is a look at how the English Premier League (EPL) clubs fared. Manchester City Incomings: Jack Grealish (Aston Villa, Having missed out on primary target Harry Kane, who chose to stay put at Tottenham Hotspur, and Cristiano Ronaldo to crosstown rivals Manchester United leaves Guardiola with Gabriel Jesus as the lone senior striker. Manchester United Incomings: Jadon Sancho (Borussia Dortmund, 8 million), Tom Heaton (Aston Villa, free) Outgoings: Daniel James (Leeds United, Ronaldo Chelsea Incomings: Romelu Lukaku (Inter Milan, 5 million), Saul Niguez (Atletico Madrid, loan) Marcus Bettinelli (Fulham, free) Outgoings: Fikayo Tomori (AC Milan, 8 million), Davide Zappacosta (Atalanta, 5 million), Victor Moses (Spartak Moscow, 3 million), Olivier Giroud (AC Milan, 5m), Valentino Livramento (Southampton, The club also moved on several fringe players for significant profit but the failure to land defender Jules Kounde from Sevilla could leave Thomas Tuchel short of reliable options for a gruelling season. Liverpool Incomings: Ibrahima Konate (RB Leipzig, 5 million), Harry Wilson (Fulham, 5 million), Georginio Wijnaldum (Paris Saint-Germain, free), Marko Grujic (Porto, But the German manager will nonetheless be irked following the club Arsenal Incomings: Ben White (Brighton and Hove Albion, 2 million) Outgoings: Willian (Corinthians, free), Joe Willock (Newcastle United, Mikel Arteta spent heavily on young, hungry players and, with no European football, he will have enough time to gel them into a well-oiled unit as he aims to return the club to the glory days of the early noughties. Tottenham Hotspur Incomings: Pierluigi Gollini (Atalanta, loan), Bryan Gil (Sevilla, 6 million plus Erik Lamela), Cristian Romero (Atalanta, The additions of Gil, Romero, and Emerson infuse youthful energy into a side that, for much of Jose Mourinho Leicester City The Foxes finished most of their transfer business early, giving manager Brendan Rodgers enough time to get the team ready for another tilt at Europe. It Leeds United Marcelo Bielsa Having finished a surprise ninth in their first top flight season in nearly 20 years, the club have brought in Jack Harrison (Manchester City, undisclosed), Junior Firpo (Barcelona, 5 million), Kristoffer Klaesson (Valerenga, 6 million), and Daniel James (Manchester United, Aston Villa Jack Grealish may have left huge boots to fill following his departure to Manchester City, but the Villans quickly moved to spend the Dean Smith signed Emiliano Buendia (Norwich City, Everton The club never really recovered from Carlo Ancelotti The Spanish boss will have his fingers crossed in the hope new signings Demarai Gray (Bayer Leverkusen, 7 million), Andros Townsend (Crystal Palace, free), and Saloman Rondon (Dalian Professional, free) can turn the club Newcastle United The Magpies made only one first-team signing With a wantaway owner refusing to spend on transfers, the St. James

US ends its 20-year-old war in Afghanistan

2021年8月24日 0 Comments

The United States has announced the end of its 20-year-old war in Afghanistan as the last American military flight flew out of the Hamid Karzai International Airport in Kabul shortly before the August 31 deadline. Im here to announce the completion of our withdrawal from Afghanistan and the end of the mission to evacuate American citizens, third country nationals and vulnerable Afghans, US Central Command Commander Marine Corps General Frank McKenzie told reporters through a virtual news conference. Every single US service member is now out of Afghanistan, McKenzie said, announcing the formal end of Americas longest war, less than a fortnight before the 20th anniversary of the September 9\/11, in which Al Qaeda terrorists blew up the twin towers in New York. The terrorist strike forced the US to enter Afghanistan and overthrow the Taliban rule who then had provided safe havens to the Al Qaeda leadership. The Taliban rule was overthrown and replaced by US-backed Afghans, who ruled the country for 20 years, during which several general elections were held. That rule was overthrown by the Taliban on August 15 when the president Ashraf Ghani suddenly fled the country and the 3,00,000 Afghan armed forces troops trained by the United States gave up without any fight. The Taliban, which now is the ruling power in Afghanistan, welcomed the departure of the US troops from the country. Congratulations to all our compatriots and our dear nation and Mujahideen: Today, all foreign forces left our pure and martyr land, the Taliban said in a tweet in Persian. Special US Representative for Afghan Reconciliation Zalmay Khalilzad said in a tweet, Our war in Afghanistan is over. Our brave Soldiers, Sailors, Marines, and Airmen served with distinction and sacrifice to the very end. They have our enduring gratitude and respect. With the departure of our military those of the many partners who stood with us, Afghans face a moment of decision opportunity. Their countrys future is in their hands. They will choose their path in full sovereignty. This is the chance to bring their war to an end as well, he said. The Taliban now face a test. Can they lead their country to a safe prosperous future where all their citizens, men women, have the chance to reach their potential? Can Afghanistan present the beauty power of its diverse cultures, histories, traditions to the world he said in another tweet.Gen McKenzie said no American civilian was in the last flight. While the military evacuation is complete, the diplomatic mission to ensure additional US citizens and eligible Afghans, who want to leave, continues. Tonights withdrawal signifies both the end of the military component of the evacuation, but also the end of the nearly 20-year mission that began in Afghanistan shortly after September 11, 2001. Its a mission that brought Osama bin Laden to a just end, along with many of his al Qaeda co conspirators, he said. And it was not a cheap mission. The cost was 2,461 US service members and civilians killed and more than 20,000 who were injured. Sadly, that includes 13 service members who were killed last week by an ISIS-K suicide bomber. We honor their sacrifice today as we remember their heroic accomplishments, McKenzie said. President Joe Biden had set a deadline of August 31 for the withdrawal of American troops in Afghanistan. Republican National Committee (RNC) Chairwoman Ronna McDaniel said the failed withdrawal from Afghanistan has left many Americans behind. Joe Biden left Americans behind. His decision to cause this disaster and abandon Americans and our interests proves what we all already knew Joe Biden is incapable of serving as Commander in Chief and the US and the world are less safe because of him, she said. ?As Biden attempts to take a victory lap on his failed Afghanistan withdrawal, Americans remain stranded behind Taliban lines. To the men and women of Americas armed forces and their families, Americans will always honor the sacrifice that you and your loved ones made for our country, McDaniel said in a statement.

Jammu and Kashmir: Infiltration bid along LoC foiled in Poonch, one terrorist killed

2021年5月18日 0 Comments

A terrorist was killed as Army troops foiled an infiltration attempt along the Line of Control (LoC) in Jammu and Kashmirs Poonch district early on Monday, a defence spokesman said. Jammu-based Defence Public Relation Officer Lt Col Devender Anand said that an operation is still in progress in the area. In the early hours of August 30, terrorists from across the Line of Control made an attempt to infiltrate in the Poonch Sector. Alert Army troops detected the infiltration bid by effective use of the integrated surveillance grid in Poonch sector in the early hours of Monday, the spokesman said. On being challenged by Army troops, a fierce fire fight ensued and one terrorist was killed. His body along with an AK-47 rifle has been recovered. This action by alert Army troops displays the resolve of the Indian Army to thwart any misadventure along the LoC, Lt Col Anand said.

Nothing Ear (1) True Wireless Earbuds: Tough to beat when it comes to value

2021年4月27日 0 Comments

Nothing might be the new kid on the block, but it has definitely taken the audio world by storm. In a short span, this UK-based firm Priced at a modest Rs 5,999, these are design-focused wireless earbuds that offer good sound quality and active noise cancellation. Carl Pei, CEO and co-founder of Nothing, describes his firm It marries advanced technology, precise engineering, and groundbreaking design at an unbelievable price. Based in London, Nothing wants to inspire people to believe in the positive potential of technology again. Starting this year, it aspires to bring back artistry, passion, and trust to the field of consumer technology. Nothing is a privately held company with backing from GV (formerly Google Ventures) and other private investors, including Tony Fadell (principal at Future Shape and inventor of the iPod), Casey Neistat (YouTube personality and co-founder of Beme), Kevin Lin (co-founder of Twitch) and Steve Huffman (co-founder and CEO of Reddit). The Nothing ear (1) true wireless earbuds featuring an iconic transparent design and promising a premium user experience have been the object of much discussion among the tech fraternity. With up to 34 hours playtime with the case, a powerful 11.6mm driver and leading specs including active noise cancellation, Nothing ear (1) earbuds come in a sleek, ultra-modern design, are extremely comfortable and deliver good sound quality. However, it The workmanship is good here; with a transparent casing, the inner workings of the earbuds are on display. Each earbud weighs in at just 4.7g and feels light and comfortable in the ears. It delivers pressure-relieving vents, an ergonomic fit, and three customisable liquid silicone tips. The ear (1) earbuds are also sweat and water splash resistant. Under the hood, pure sound starts with a big driver, 11.6mm to be exact. The audiophiles at Teenage Engineering painstakingly dialled in the software and hardware for balanced bass, mid, and treble performance. Behind the scenes, the latest Bluetooth 5.2 connectivity ensures you never miss a beat. Probing further, active noise cancellation on ear (1) uses three high definition mics to bring your music, films, and podcasts into sharp focus. You can use Light mode for moderate noise cancellation and Maximum mode for noisier environments like at a gym or in the office. When you For loud and clear calls, Clear Voice Technology was specially-developed for ear (1) to reduce distracting background noises like the wind. Company officials inform that power runs deep on ear (1) with up to 5.7 hours of listening time and up to 34 hours with the case. The compact power source delivers ultra-fast charging The best part: Nothing ear (1) charges wirelessly as well and is compatible with all Qi chargers. Additional features include Find My Earbud, EQ, Active Noise Cancellation and Gesture Control customisation via the ear (1) app, as well as in-ear detection and fast pairing. I synced the ear (1) with my high-end Samsung Galaxy S21 Ultra phone and wore them to the market, shopping malls and nearby stadium for my daily walks. Trust me, killer sound is a given here right from the word go. It has rich, detailed sound with well-defined bass, natural-sounding mids and some sparkle in the treble as well. Noise cancellation works flawless, there All in all, these sound like premium earbuds should and hence find a strong mention. Estimated street price: Rs 5,999

New ADV based on Trident 660 platform: Triumph Tiger Sport 660 final prototype unveiled

2021年4月20日 0 Comments

Soon after we saw the Triumph Trident 660, there were reports on the Internet that it would spawn two more motorcycles – an adventure motorcycle and an adventure-sports tourer. And now, Triumph Motorcycle has taken the wraps off what it calls the Tiger Sport 660, which by the looks of it is an adventure sport. The motorcycle is in its final prototype stage, images of which have been shared by the British manufacturer. The motorcycle in the images is wearing camouflage but there are details visible that point to the fact that itll prefer the road more. It gets Showa upside-down forks like the Trident but it would likely have more suspension travel. The wheel size is the same at 17 inches and it gets Michelin Road 5 tyres. The tubular steel frame is likely the same but with a new rear subframe and swingarm. The Tiger Sport 660 will be powered by the same 660cc three-cylinder engine that makes 81 hp, paired with a six-speed transmission and a bi-directional quickshifter. This will be the second road-focused Tiger in India after the Tiger 850 Sport and will also be the most affordable Tiger to date. Considering the final prototype looks very near a production model, its launch in international markets should happen in the coming weeks, which would then be followed by a launch in India. So, expect the Tiger Sport 660 in the country sometime in early 2022. The price tag is expected to be about Rs 7.5-8 lakh (ex-showroom) and the Tiger Sport 660 would rival the likes of the Kawasaki Versys 650 and the Suzuki V-Strom 650.

Retirement Planning: Will you have enough for retirement? Find out

2021年4月13日 0 Comments

When it comes to retirement planning, it requires a proactive approach to plan towards your retirement. The earlier you prepare for retirement, the better off you will be in the future. But no matter where you might be in your retirement planning stage However, before we plan to help you get there, you need to be convinced why retirement planning is crucial for you. Importance of Retirement Planning # Longer life spans: And this can be your very first reason to jump-start your retirement planning. A longer lifespan means more retirement funds to live an easy life when youre no longer working. # Anticipate financial obstacles: But it is also pragmatic to anticipate that there may be speed bumps ahead in your life. Therefore, working on your retirement with a robust retirement plan can enable you to overcome any money problems in the future. # Leave a legacy: As a parent, you want to do more for your family. You wish to leave behind an impact that lasts a lifetime and beyond. And to do so, you need to begin today and get your finances in order so that your heirs stand to benefit from what you sow. The Right Time to Start Retirement Planning Ideally, the best time to begin planning for retirement is the day you receive your first pay cheque. So, even though retirement may seem a lifetime away, planning for it in your 20s is not too early. If you start investing when you are young, you have time on your side to start building good financial habits and benefit from the power of compounding. With every passing year, your investment will generate its own returns Notwithstanding your age, the best time to start saving for retirement is now. A Guide to Calculate Your Retirement Corpus Heres how you can create your own personalized financial strategy towards your retirement. Step 1: Understand your monthly expenses Note down all your monthly expenses at the moment. Make sure you separate out those that will discontinue upon retirement. It is important to note that there are certain expenses that might increase after retirement (like medical) but they can be balanced out by the expenses that might decline (like rentals, clothing etc). So, assuming youre a family man aged 30, you categorize your familys expenses as follows: Step 2: Calculate Expected Income After Retirement Say you already expect a certain income after retirement, based on the various investments youve made in the past years and will continue to make until you For the purpose of illustration, lets assume the following amounts in the table below. Step 3: Calculate the Net Income Needed After Retirement Since the expected income from different sources could help you cover some of your monthly expenses after retirement, let Based on our assumptive calculations so far, the present value of net income needed after retirement would be – Step 4: Taking Inflation into Account Now, let So, to understand the buying power of your rupee, you need to look into the future value (after 30 years) of your total expenses by including an assumed inflation rate. Simply based on compounding formula, the future value of your 30,000 today will be: So, the expense will not be the same after 30 years and you need to equip yourself to meet such high expense all through the retirement years. Step 5: Calculate the Retirement Corpus needed at 60 Now assuming that you plan to retire at the age of 60, lets look at the table below that illustrates the total amount that need to be accumulated on the day you retire, based on 85 years of life expectancy. So, based on assumptions, we have illustrated that you may require Rs 5 crore to sustain your current lifestyle even after retirement. Where Can You Invest for Your Retirement When deciding on an investment avenue, remember to look into your risk appetite and the risks of the investment vehicle. If your retirement is more than 10 years away, you may consider investing in equities. Equity has the highest potential of earning returns. It carries risks in the short term but that can be mitigated if you stay invested for a long period of time. You can either choose to make direct equity investments or opt for Mutual Funds. Mutual funds can not only give you exposure to various asset classes and achieve diversification, but also help appreciate your investments in the long run with good returns. A proven way of investing for your retirement is to opt for the Systematic Investment Plan (SIP) in mutual funds. You can begin a monthly SIP that auto-debits your bank account and invests in mutual fund schemes on a pre-determined date every month. Investing via Systematic Investment Plan You may keep higher allocation into equity oriented investments in initial years and reduce equity exposure as you approach the retirement age. As an essential part of your financial wellness, retirement planning is crucial. Speaking to a financial advisor specializing in retirement planning can help you save the right amount for yourself and your family. They can help you analyze your expenses, prioritize your financial objectives, and show you how to build a portfolio of assets for a fruitful and comfortable retirement. Begin planning your retirement today and give yourself the ultimate peace of mind. Allow the right financial advisor to help manage your assets and protect you against the unexpected so that you never got shot in a downswing. Also remember one thing, do not use the investment set aside for retirement for other goals. You should have distinct portfolios for each type of goal. (By Jeevan Kumar, Head Investment Advisor at Geojit Financial Services)