MintGenie News

Hitachi Energy India’s stock has soared by 235% since October 2023, reaching new highs. The company’s growth is fueled by factors like grid digitalisation, increased power generation, and a strong demand for transmission equipment.

Kaya’s shares reached a 5-year high at ₹604.25 per share, posting an 80% gain year-to-date. The collaboration with Marico aims to boost market accessibility. The company introduced advanced haircare solutions and an AI-based doctor app to meet evolving customer needs.

Chris Wood of Jefferies adjusted the Asia Pacific ex-Japan portfolio at the end of the quarter, increasing India’s weight while reducing China and Hong Kong’s. Greed and Fear’s long-only portfolios have shown strong performance, with the Asia ex-Japan portfolio delivering an annual return of 18.1%.

Introduction of new excise bill aims to streamline tax compliance by aligning with GST laws, focusing on tobacco and petroleum oils. Changes include removing SEZs exemption, introducing central excise duty credit, and allowing regularisation of non-levy or short levy of excise duty.

Real estate stock Tarc has shown impressive long-term and recent growth, with a surge of 545% in 3 years. Ambit Capital predicts further upside, citing Tarc’s strategic advantages and growth potential, including prime land holdings and a focus on luxury housing development in the NCR region.

Income Tax Budget 2024 Expectations: Tax experts suggest adjustments in tax slabs for old and new income tax regimes to reflect current economic conditions

Retail investors in India demonstrate strategic approach by increasing equity holdings during market corrections. Demat accounts surged from 36 million in March 2020 to 160 million in June 2024.

NSE features sectoral indices that track specific industry segments, aiding investors in monitoring sector performance and making targeted investment decisions to diversify their portfolios effectively.

Top picks for June quarter earnings season include Hindustan Unilever, Godrej Consumer, and Dabur in the FMCG space. MOFSL expects steady volume recovery and improved profitability metrics for its coverage universe in 1QFY25.

Narayana Health Insurance launches ’Aditi’, offering a ₹1 crore coverage at ₹10,000 premium, viewed as a private sector response to Ayushman Bharat. However, experts criticize the limited coverage and restrictions on treatment locations and procedures.