Oct 16 2023, 08:47

Big tax blow to insurers will make Indian cos & banks lose:


New cover story: 30% commission cap likely in
credit life policies

Many insurance companies have come under scrutiny for the payment of overriding commissions to banks and intermediaries, in addition to regular commissions.

Companies are close to agreeing to impose a 30% cap on commissions paid to corporate agencies, including banks and non-banking financial companies, for credit life policies, said people with knowledge of the matter.

The matter has been discussed in Life Insurance Council meetings over the past few months, said two persons privy to the information. While the council has not sent a formal letter yet, talks are at an advanced stage to put in place self- regulation, they said.

the insurance regulator had announced the IRDAI (Payment of Commission) Regulations, which moved away from the traditional product- specific commission structure and placed an overall cap on expenses within insurance companies, and asked insurance companies to manage operations within an overall expense limit of 30%. While insurers were allowed to pay 5% on commissions until March, they often resorted to paying hefty overriding commissions of 30-35% or even higher to gain market share.

"The regulator, while issuing the guidelines, talked about protecting consumers' interests on insurance policies and the associated commissions. So, while the regulator moved away from rule- based approach to principal-based, it may not intervene but expect industry to impose self-discipline," the CEO of a mid-sized insurance company said on condition of anonymity.

Many insurance companies have come under scrutiny for the payment of overriding commissions to banks and intermediaries, in addition to regular commissions. This practice has raised concerns about potential exploitation and an increase in management expenses within the insurance industry. 

The investigation revealed that insurance companies were covering the employee costs of banks through intermediaries, which were not transparently represented in their financial records, resulting in non- disclosure and potential violations of tax laws.


source:et 

Oct 15 2023, 17:28

सीमेंट सेक्टर स्टॉक्स की कीमतें बढ़ने की ओर:

मजबूत मांग, देश के कुछ हिस्सों में मूल्य निर्धारण अनुशासन और मानसून के मौसमी कारक के खत्म होते ही कीमतें बढ़ाने की क्षमता ने सीमेंट शेयरों पर फिर से ध्यान केंद्रित कर दिया है।

 स्थिर ऊर्जा लागत के साथ, सीमेंट क्षेत्र का ऑपरेटिंग मैट्रिक्स अनुकूल है। संभवतः यह एक ऐसा क्षेत्र है जो दूसरी तिमाही की कमाई के मौसम में सकारात्मक आश्चर्य दे सकता है। हम इस पर एक नजर डालते हैं कि सीमेंट कंपनियों के विश्लेषक क्या कह रहे हैं।

सीमेंट कंपनियों ने कीमतें बढ़ाने में जल्दबाजी की। हालाँकि वे कीमतें बढ़ाते हैं, लेकिन मंदी के मौसम के बाद इतने कम समय में ऐसा नहीं किया जाता है, साथ ही कभी-कभी कीमतें बढ़ने पर रियल एस्टेट और बुनियादी ढांचा कंपनियों जैसे उपयोगकर्ता उद्योग से जो शोर सुनाई देता है, वह इस बार नहीं सुना गया।

बड़ी संख्या में, जब भी सड़क पर सीमेंट की आवाज आती है, तो ध्यान बड़ी कंपनियों पर जाता है, लेकिन पिछले कुछ वर्षों में कई मिड-कैप कंपनियां क्षमता स्तर तक पहुंच गई हैं, जहां से क्षमता में वृद्धि से अधिक परिचालन लाभ होता है।
स्टॉक की समग्र रेटिंग या तो "मजबूत खरीद", या "खरीदें" या "होल्ड" होनी चाहिए। इसके बाद सूची को सूची के शीर्ष पर आने वाले उच्चतम संभावित स्टॉक के साथ क्रमबद्ध किया गया है।

मेंट स्टॉक - तेजी की संभावना
14 अक्टूबर, 2023
गुम: सारांश गुम: वर्तमान-पंक्तियाँ।

कंपनी का नाम औसत स्कोर रेको विश्लेषक गणना  अपसाइड पोटेंशियल % इंस्टेंट हिस्सेदारी % मार्केट कैप प्रकार मार्केट कैप रु. करोड़

जेके लक्ष्मी सीमेंट 6 खरीदें 15 47.3 28.6 मध्य 7,985

हीडलबर्गसीमेंट इंडिया 5 होल्ड 16 32.2 11.8 मिड 4,318

एनसीएल इंडस्ट्रीज 6 मजबूत खरीदें 1 30.7 0.6 छोटा 1,007

नुवोको विस्टास कॉर्प 5 खरीदें 18 30.1 21.4 मध्य 13,084
स्टार सीमेंट 7 होल्ड 12 22.7 6.4 मिड 6,586

विश्लेषकों द्वारा दिए गए उच्चतम मूल्य लक्ष्य से गणना की गई



source: et 

Oct 15 2023, 17:22

निवेशकों और वित्त बाजार को सेबी की सुरक्षा:



सेबी निवेशकों की सुरक्षा करना चाहता है, साथ ही प्रौद्योगिकी के उपयोग से वित्तीय बाजारों को और अधिक मजबूत बनाना चाहता है। इसमें डेरिवेटिव बाजारों के लिए ट्रेडिंग घंटे बढ़ाना, द्वितीयक बाजारों के लिए एएसबीए जैसी सुविधाएं स्थापित करना और निपटान प्रक्रिया को टी+1 से घटाकर एक घंटा करना शामिल है। 

हालांकि ब्रोकिंग समुदाय ने इस कदम का स्वागत किया है, लेकिन कार्यान्वयन करना कहना जितना आसान है, करना उतना ही आसान है। कार्वी ग्रुप के अध्यक्ष और प्रबंध निदेशक सी पार्थसारथी को प्रवर्तन निदेशालय ने गिरफ्तार कर लिया। यह 2,000 करोड़ रुपये के घोटाले के कारण था, जहां इसकी प्रमुख कंपनी कार्वी स्टॉक ब्रोकिंग ने ग्राहकों की प्रतिभूतियां गिरवी रख दी थीं।

 सेबी का विचार निवेशकों को धोखाधड़ी से बचाना है, साथ ही प्रौद्योगिकी के उपयोग से वित्तीय बाजारों को और अधिक मजबूत बनाना है। “एक बार विस्तारित व्यापार शुरू होने पर ब्रोकरों के लिए प्रौद्योगिकी और जनशक्ति में परिचालन लागत बढ़ जाएगी। चूंकि देर शाम के सत्रों में वॉल्यूम धीरे-धीरे बढ़ने की उम्मीद है, इसलिए व्यवसाय को वृद्धिशील लाभ उत्पन्न करने में समय लगेगा। इसलिए, छोटे ब्रोकरों को कठिन समय का सामना करना पड़ सकता है,” 

मोतीलाल ओसवाल फाइनेंशियल सर्विसेज के उपाध्यक्ष - अनुसंधान (खुदरा) प्रमुख सिद्धार्थ खेमका बताते हैं। “समग्र पारिस्थितिकी तंत्र को इन परिवर्तनों के अनुकूल होने में कुछ समय लग सकता है। मिराए एसेट कैपिटल मार्केट्स द्वारा एम.स्टॉक के मुख्य व्यवसाय अधिकारी अरुण चौधरी कहते हैं, ''वे तेजी से नहीं हो सकते क्योंकि इसमें बहुत सारे मध्यस्थ शामिल हैं और एक छोटी सी गड़बड़ी पूरे सिस्टम को प्रभावित कर सकती है।'' 


वर्तमान में जब कोई ग्राहक भुगतान में चूक करता है, दलाल कमी को पूरा करने के लिए आगे आता है। इसका अनिवार्य रूप से मतलब यह है कि ब्रोकर अपने ग्राहक के लिए दायित्व जोखिम लेता है। अब, एएसबीए के कार्यान्वयन के साथ, ब्रोकर तस्वीर से बाहर हो गया है और देयता जोखिम एक चिंता का विषय बना हुआ है, ”टेक-केंद्रित ब्रोकर, फ़ायर्स के सह-संस्थापक और सीईओ तेजस खोडे ने चेतावनी दी है। 

Oct 15 2023, 17:08

सही RoE और RoCE वाले 5 लार्जकैप स्टॉक:

वैश्विक घटनाक्रमों के कारण शेयरों के दबाव में आने की संभावना अधिक है। चूंकि कमाई का मौसम ऐसे समय में शुरू हो रहा है जब मूल्यांकन ऊंचे स्तर पर है और ऐसी स्थितियों में राज्य चुनाव जैसी घटना का जोखिम करीब आ रहा है, लार्ज कैप के साथ बने रहना बेहतर है।

कुछ लोग उन उद्योगों के संदर्भ में जाँच करते हैं जिनमें कोई एक्सपोज़र ले रहा है और अन्य इस आधार पर जाँचते हैं कि उस विशेष कंपनी की वित्तीय स्थिति कैसी है।

अब जब चीनी सरकार अर्थव्यवस्था को पुनर्जीवित करने की कोशिश कर रही है, तो यह बहुत संभव है कि रासायनिक क्षेत्र में कुछ मूल्य युद्ध शुरू हो सकता है। इसका पहला संकेत एग्रोकेम सेगमेंट में पहले से ही उपलब्ध है।

जब आरओई और आरओसीई जैसे वित्तीय अनुपात की बात आती है तो दो बातों पर ध्यान देने की जरूरत है।
शुद्ध लाभ मार्जिन किसी कंपनी की अपनी बिक्री से लाभ उत्पन्न करने की क्षमता को मापता है।

नेट मार्जिन और आरओई के साथ लार्ज कैप स्टॉक
उल्टा संभावित - 14 अक्टूबर, 2023
गुम: सारांश गुम: वर्तमान-पंक्तियाँ।

कंपनी का नाम औसत स्कोर रेको विश्लेषक गणना  अपसाइड पोटेंशियल % नेट मार्जिन % RoE % इंस्टेंट स्टेक % मार्केट कैप रु. करोड़

गुजरात फ्लोरोकेमिकल्स 7 मजबूत खरीदें 9 75.8 22.0 27.2 10.0 31,455

हिंदुस्तान एयरोनॉटिक्स 8 खरीदें 10 31.1 22.1 27.2 15.9 131,902

टोरेंट फार्मास्यूटिकल्स 4 खरीदें 30 27.7 12.9 20.5 13.6 64,059

भारत इलेक्ट्रॉनिक्स 5 खरीदें 22 19.3 17.4 22.8 32.6 100,363

पावर ग्रिड कॉर्पोरेशन 7 खरीदें 17 12.0 33.3 19.4 32.8 187,547


विश्लेषकों द्वारा दिए गए उच्चतम मूल्य लक्ष्य से गणना की गई





source:et 

Oct 15 2023, 10:44

On hold the plans for H-1B stamping from within the United States announced:

The US Ambassador to India, Eric Garcetti, has announced a pilot program for domestic visa renewal, which has been welcomed by Indian professionals working in the US. The program aims to simplify the visa renewal process for H&L-category employment visa applicants. However, the delay in implementing the program has caused disappointment, particularly for those planning to visit their families during the holiday season.

The pilot programme for domestic visa renewal has been well-received by thousands of Indian professionals working in the US. This program aims to simplify the visa renewal process for qualified H&L-category employment visa applicants.

“The announcement of the pilot programme to streamline H-1B visa processing in the US earlier this year was met with great anticipation and hope within the immigration community. It is both encouraging and disappointing to note the developments surrounding this programme,” Emily Neumann, attorney at Houston-based business immigration law firm Reddy & Neumann, told TOI's Ishani Duttagupta.

For Indian professionals facing backlogs for permanent residence or green cards, being able to renew H-1B visas in the US will eliminate concerns about potential delays due to administrative processing at embassies and consulates. This move offers much-needed stability and convenience to visa holders and their employers.



source:et 

Oct 15 2023, 10:21

Sebi's protection for investors & finance markets:


 Sebi wants to protect investors, and also make financial markets more robust with the use of technology. This includes extending trading hours for derivative markets, putting in ASBA-like facilities for secondary markets, and reducing the settlement process from T+1 to one hour. 

While the broking community has welcomed the move, implementation is easier said than done.C Parthasarthy, chairman and managing director of Karvy Group, was arrested by the enforcement directorate. 

This was on account of INR2,000 crore scam where Karvy Stock broking, its flagship company, had pledged securities belonging to clients. Sebi’s idea is to protect investors from fraud, and also make financial markets more robust with the use of technology.

 “Operational cost — in technology and manpower — will increase for brokers once extended trading is in place. Since volumes are expected to move up gradually in late evening sessions, it will take time for business to generate incremental profits. Hence, small brokers are likely to face a tough time,” explains Siddhartha Khemka, vice-president - head of research (retail) at Motilal Oswal Financial Services.

“The overall ecosystem may take some time to adapt to these changes. They may not happen swiftly because there are too many intermediaries involved and a small glitch could impact the systems all over,” says Arun Chaudhry, chief business officer at m.Stock by Mirae Asset Capital Markets.“Currently when a client defaults on payments, the broker steps in to cover for the shortfall.

 This essentially means the broker takes on liability risk for his client. Now, with the implementation of ASBA, the broker is out of the picture and liability risk remains a concern,” warns Tejas Khoday, co-founder and CEO of Fyers, a tech-focused broker.

 “First the trading for futures must be extended so that institutions can participate, then options can follow suit. Otherwise, options will be thinly traded, which may give rise to price manipulation,” insists Wadhwa. 

Oct 15 2023, 09:27

5 largecap stocks with right RoE & RoCE:

The global developments, the probability of equities coming under pressure is high. With earnings season starting at a time when valuations are on the higher side and event risk like state elections coming closer in such conditions, it is better to stick with large caps.

Some check in terms of industries in which one is taking exposure and other in terms of how the financials of that particular company. 

Now that the Chinese government is trying to revive the economy, it is very likely that some price war may start in chemical space. The first indication of that is already available in the agrochem segment. 
When it comes to financial ratios like ROE and ROCE two things need to be taken into consideration.

Net profit margin measures the ability of a company to generate profits from its sales. 

Large Cap Stocks with Net Margin & RoE
Upside Potential - Oct 14, 2023
MISSING: summary MISSING: current-rows.
	
Company Name	Avg Score	Reco	Analyst Count	 Upside Potential %	Net Margin %	RoE %	Inst Stake %	Market Cap Rs Cr
	
Gujarat Fluorochemicals	7	Strong Buy	9	75.8	22.0	27.2	10.0	31,455
	
Hindustan Aeronautics	8	Buy	10	31.1	22.1	27.2	15.9	131,902
	
Torrent Pharmaceuticals	4	Buy	30	27.7	12.9	20.5	13.6	64,059
	
Bharat Electronics	5	Buy	22	19.3	17.4	22.8	32.6	100,363
	
Power Grid Corporation	7	Buy	17	12.0	33.3	19.4	32.8	187,547
 Calculated from highest price target given by analysts



source:et 

Oct 15 2023, 09:17

5 mid & smallcap cement stocks upside potential up to 47%:


Strong demand, pricing discipline in part of the country and ability to raise prices as soon as the seasonal factor of monsoon got over brought back 

The focus on cement stocks. With stable energy costs, the operating matrix of the cement sector is favourable. Probably it is one sector which might give positive surprises in Q2 earning season. We take a look at what analysts are saying across cement companies. 


Cement companies were quick to raise the prices. While they do raise the prices, it is not done in such a short time after the lean season, also sometimes the noises which are heard from user industry like real estate and infrastructure companies when prices are raised were not heard this time. 

A large number of times, whenever cement is heard on the street, focus goes to large companies, but in the last few years a number of mid-cap companies have reached the capacity levels from where increase in capacity leads to more operating gains.

The stock must have an overall rating of either a “Strong Buy”, or a “Buy” or a “Hold”. The list has then been sorted with the highest potential stock coming on the top of the list.

Cment stocks - Upside potential
Oct 14, 2023
MISSING: summary MISSING: current-rows.
Company Name	Avg Score	Reco	Analyst Count	
 Upside Potential %	Inst Stake %	Market Cap Type	Market Cap Rs Cr

JK Lakshmi Cement	6	Buy	15	47.3	28.6	Mid	7,985

Heidelbergcement India	5	Hold	16	32.2	11.8	Mid	4,318

NCL Industries	6	Strong Buy	1	30.7	0.6	Small	1,007

Nuvoco Vistas Corp	5	Buy	18	30.1	21.4	Mid	13,084

Star Cement	7	Hold	12	22.7	6.4	Mid	6,586
 Calculated from highest price target given by analysts




source:et 

Oct 14 2023, 14:39

6 logistics companies with upside potential of up to 38%: 

First thoughts on the street was that a sharp rise in the crude oil price is inevitable. Initial reaction was pretty much on the same line, however that spike did not sustain beyond one day.

 Is that an indication that the crisis in the most oil sensitive part of the world was not able to push oil prices higher than what would make them rise. 

While the whole of the Indian economy would like oil prices to stay low, one sector which would like it more than any other sector is logistics. Especially in the midst of the festive season. logistics sector has been impacted in a major way by technology.

 Not only the hyper local delivery, but even larger inter-state movement of goods is a space where tech has played its role in disrupting the matrix. That is probably the reason why some large players in the logistic space have also restructured their business model to ensure that both the operations and valuations are not impacted. 

A number of logistics companies have made readjustments to meet challenges which some of the new age logistics platform companies have brought on the table in the last three years. Some demerged their business which focused on e- commerce business, while others decided to focus on their core large logistic operations.

 The street has rewarded this companies with higher valuations. The list comprises companies with a target upside potential of up to 38 percent from the Logistics sector. The stocks collated with data from the latest Stock Reports Plus report dated Oct 13th, 2023. The list also contains a count of analysts evaluating each consumer discretionary sector stock for the one year. 

The list has then been sorted with the highest potential stock coming on the top of the list. 

Logistics sector stocks - Upside potential Oct 13, 2023 
Company Name Avg Score Reco Strong Buy Analyst Count Upside Potential%

VRL Logistics 6 8 38.9 28.7 Inst Stake% Mid Market Cap Type Market Cap Rs Cr 5,683  

Blue Dart Express Avg Score 5 Reco Buy 8 Analyst Count 31.6 * Upside Potential% 12.7 

Inst Stake% Mid Market Cap Type 15,972 Market Cap Rs Cr 
source:et
 

Oct 14 2023, 14:06

5 stocks with upside potential of up to 37%:



If one is looking to buy stocks it would be better to look at stocks where some fundamentals developments have made analysts turn bullish on them. 

These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum.

stocks also have a high upside potential over the next 12 months and if these enjoy confidence from the analyst community.

 For this, we have curated the list of stocks with minimum upside potential of 9%. Also, we narrowed down the list further by selecting only those stocks with an average recommendation rating of either "Strong Buy" or "Buy" or "Hold".

Stocks with Consistent Score Improvement

Oct 14, 2023

Company Name Stock Score 1M ago


LTIMindtree

Timken India

Power Mech Projects 9


Re

7

Hc

LO

Bi

7

6 

Str

Tata Power Company 9 7  5


* Calculated from highest price target given by analysts Source: SR Plus



 LTIMindtree Limited, formerly Larsen & Toubro Infotech Limited, is a global technology consulting and digital solutions company.

Timken India Limited is engaged in the manufacture and distribution of tapered roller bearings, components and accessories for the automotive sector and the railway industry.

The Tata Power Company

Limited is an integrated power company. The Company is engaged in electric power generation, transmission and distribution, electronic products, and service businesses.

Power Mech Projects Ltd

The recent change in the Average Score was a result of the Earnings Component score being dropped due to a lack of timely data.

Tata Power Company Ltd

The recent change in the Average score was primarily due to an improvement in Earnings component score.


source:et