Tag: Most Accurate stock tips provider

Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company

Call: +91 9624421555 / +91 9624461555

Growing interest in investing by millennials and how online discount brokers cater to their needs

As I always say, I find millennials to be a smart breed of investors. In fact, a recent study has indicated that around 9 of every 10 of them are looking at sustainable investing options. Given the current circumstances where the overall economy is suffering, more and more millennials are looking for alternative sources of income and/or investments to ensure a degree of financial security. With stock markets being functional even during the global pandemic that stalled the entire world for a while, despite the turmoil it has still managed to grab the attention of the millennials. In fact, the lockdowns have witnessed the record growth of investors in the Indian stock market.

Further, with most people working remotely and with reduced mobility around, this techno-savvy generation is looking at the options where they do not have to physically go around. They are basically looking at three vital factors when going ahead with their investments, they are Convenience – Cost – Reach. And that is exactly where the discount brokers are coming into picture.

Today most people are at homes and the only safest way to invest is to go digital. So the investors prefer choosing a broker that offers a seamless digital platform and has simplified processes with no physical documentations and minimal to no human intervention required. This is a major advantage to discount brokers as most discount brokers have their entire processes 100% digitized.

Next major factor that this generation of investor is always looking at is the cost. Since this group has newly started generating income, their pays are not that great so the surplus amount available with the millennials given their income and lifestyle expenses is not as much thus making them very cost sensitive. Therefore they are always in search of more affordable options for investment as they rather prefer reinvesting or spending the money saved on reducing the cost of investment. That is again attracting them more to the discount brokers as most of these brokers today do not charge anywhere more than Rs 20.

Lastly, the reach is the major factor that is working to the advantage of the discount brokers. Their main presence and business being online, today when most people are sitting at home and searching for investment options from home on their devices, they tend to discover the online discount brokers. The great online presence and the reach that these brokers attract this generation. Further, with all the information available at the fingertip, the potential investors can easily go and study the reviews and compare the offerings and cost of services and decide which broker they would want to go for.

As per another study, sustainable investment is looked at as an emerging segment and most fund managers across the globe are increasing the resources allocated in this area to come up with more investment products. Also millennials, to my observation till date, as investors are driving up the demand more than ever; and with sustainable investing drawing their attention and the increasing number of offerings by discount brokers in the area, I see that this group of investors will continue to lead the way.

Eqwires Research Analyst

Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company

Call: +91 9624421555 / +91 9624461555

Dabur India shares rally 28% since March; rural demand, ayurvedic products make ‘high conviction buy’ pick

FMCG major Dabur India is a high conviction stock of the research and brokerage firm Motilal Oswal Financial Services. According to the brokerage firm, Dabur India appears one of the most exciting investment opportunities in the Indian consumption space over the next 4-5 years. Dabur India share price has rallied 28.5 per cent from its 52-week low of Rs 385.05 apiece touched on March 23 this year. In today’s trade, Dabur India stock price has gained 1.5 per cent, taking the total market capitalisation of the company to Rs 86,568.46 crore. “Dabur offers the best visibility amongst peers beyond 1QFY21 due to its rural dependence (highest among domestic companies, barring Emami) and a large part of its portfolio being non-discretionary in nature,” Motilal Oswal Financial Services said in a report.

The brokerage firm has maintained a ‘buy’ rating to the stock. It will take 10 per cent jump for Dabur India to reach the price target of Rs 540 apiece pegged by the brokerage firm. Around 11.30 AM, Dabur India shares were trading 0.36 per cent higher at Rs 489.30 apiece, as compared to a 0.66 per cent rise in the benchmark S&P BSE Sensex.

Dabur India also aims to drive cost savings by focusing on rationalizing (a) employee cost by higher automation of production, (b) conversion and transportation cost, (c) procurement costs through expanding vendor base and some value engineering, and (d) packaging by making it lighter yet sturdy, the brokerage firm said. “During the ongoing pandemic, Ayurvedic products are witnessing strong traction, which is positive for Dabur as the segment is more profitable than the rest of the portfolio,” Motilal Oswal said. “In its home and personal care portfolio where penetration is very high, the aim is to take market share from peers and plug gaps in terms of portfolio/ geography,” it added.

According to Quantum Securities, there has been reverse migration to cities after an exodus to the villages, seen in the early part of the quarter. “Yet, a large part of the migrant labour remains in the villages. MNREGA has kicked in, but rural demand was anyway impacted even before the COVID-19 pandemic,” it added. It said that the FMCG sector had corrected and then recovered sharply. ” Dabur has done well with its portfolio, particularly oral care and hair care,” it added.

Dabur India witnessed that rural demand has been growing ahead of urban demand. Earlier this week, Dabur’s promoters have hiked their stake in Eveready Industries by 8.48 per cent by acquiring 61.67 lakh shares in the open market. The company informed that after the transaction, the shareholding of the five entities –M B Finmart, Puran Associates, V I C Enterprises, Chowdry Associates and Gyan Enterprises– in Eveready Industries increased from 11.35 per cent to 19.84 per cent.

Eqwires Research Analyst

Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company

Call: +91 9624421555 / +91 9624461555

Aditya Birla Capital’s subsidiaries witness 2X increase in customer interactions on WhatsApp, chatbots

Aditya Birla Capital (ABCL) witnessed a significant rise in customer interactions on the digital service platforms such as WhatsApp, chatbots, website and apps, of its subsidiaries. The company claims that during the coronavirus-triggered lockdown, in the past three months, the interactions on these platforms have surpassed the 4 million mark, translating into a two times jump in comparison to the corresponding period of the preceding year. In order to ensure the availability of over 94 per cent of their services online, the company’s subsidiaries bolstered their digital services across websites, chatbot and WhatsApp. Aditya Birla Capital, an insurance company which is a joint venture between Aditya Birla Group and MMI Holdings of South Africa, explained that on the back of the ongoing COVID-19 pandemic, it has experienced a demand shift for zero contact and paperless purchase options.

“Digital enablement to create a superior customer experience throughout the customer journey has been a key part of our agenda. This enabled us to proactively transform our customer journeys to being 100% digital during the period of lockdown,” said Ajay Srinivasan, Chief Executive, Aditya Birla Capital. He also added that these capabilities held the company in good stead when COVID hit the world and helped it to service customers without any interruptions. “We will continue to leverage new technologies to make our customer and distributor experience best in class,” Srinivasan said.

Last year ABCL’s subsidiaries had worked on developing non-contact, paperless, seamless purchase journeys across product lines through mobile apps and tabs. Highlighting its achievements, the company said that many technologies such as biometrics, intelligent OCR, Video KYC, e-contracts were used for the first time in the industry. “Over 90 per cent customers were onboarded through digital channels alone in FY20, as compared to 72 per cent in FY19. The businesses deployed over 200 robotic processes (RPA) to automate mid-office and back-office work,” the company said.

Eqwires Research Analyst

Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company

Call: +91 9624421555 / +91 9624461555

Infosys, HCL Tech shares at new 52-wk highs; Wipro just inches away from a record high, Nifty IT index jumps 6%

The Nifty IT index surged over 6 per cent to hit day’s high of 16,625 on Wednesday with all the 10 constituents trading in the positive territory. After posting a better-than-expected net profit of Rs 2,309.4 crore in the April-June quarter of the current financial year, Wipro share price zoomed 19.4 per cent to Rs 268.70 apiece on NSE. In comparison, the broader Nifty 50 index was up 1.71 per cent. Besides, Infosys, HCL Tech and L&T Infotech shares hit their respective all-time highs in today’s trade. Infosys shares jumped 8.3% to Rs 848.45, HCL Technologies soared 6 per cent to Rs 627.95, while L&T Infotech shares gained 3 per cent to touch a new 52-week high of Rs 2,310. While MphasiS shares hit a day’s high of Rs 994.80 apiece, which is just 0.4 per cent away from its 52-week high of Rs 999.50 on NSE. Similarly, with today’s 19% up move in Wipro, the stock is just 2.69 per cent off from its 52-week high of Rs 276.15, touched in August last year.

“The Q1FY21 revenues were in line with street estimates margins and profits came in well above street estimates due to cost control by the company. Markets will also look forward to management commentary and their outlook for the rest of the year given likely budget cuts by clients,” said Jyoti Roy, DVP- Equity Strategist, Angel Broking Ltd. Amid ongoing coronavirus pandemic, Wipro has assured that neither it has laid off any employee so far, nor it will lay off anyone in the coming times. Wipro Chairman Rishad Premji at the 74th annual general meeting (AGM), said the company has planned for cost reductions through various operational means to survive through the crisis.

“We believe Wipro is a good re-rating candidate due to the upside of a turnaround under the new CEO, the possibility of an impending buyback, and relatively attractive valuations,” said Motilal Oswal in a report. “Before turning constructive on the stock, we await a refresh of the company’s strategy and further evidence related to execution,” the brokerage firm said maintaining a neutral rating on the stock.

Even as US President Donald Trump suspended H-1B visas along with other foreign work visas till December 31, Rishad Premji said that Wipro is safe as it has hired nearly 70 per cent employees in the US from that country. “We were able to increase our margins using three levers. We focused on reducing variable workforce and improved utilisation. Next lever came from 1% benefit from rupee value while the third lever was the operational improvement of 1% which was offset by expected credit loss,” Wipro CFO Jatin Dalal said

Meanwhile, Salil Parekh-led Infosys, along with Larsen & Toubro Infotech Ltd are scheduled to announce their April-June quarter results today. On Tuesday, Infosys in a press release announced that it has partnered with as part of its ongoing strategy to enhance and evolve its full-service defined contribution (DC) business. “This strategic partnership will deliver a technology-driven approach to plan administration and fundamentally reshape the corporate retirement plan experience for its sponsors and participants,” Infosys said.

Eqwires Research Analyst

Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company

Call: +91 9624421555 / +91 9624461555