Swastika Investmart Financial Highlights 2024–25

सोने के भाव एमसीएक्स और कॉमेक्स में लगातार चार सप्ताह से बढ़त बनाए हुए है। सोने के विपरीत चलने वाला डॉलर इंडेक्स पिछले चार सप्ताह से सीमित दायरे में बना हुआ है और ऊपरी स्तरों पर इसमें दबाव भी रहा है जिसके चलते सोने के भाव को अच्छा सपोर्ट मिला है।

अमेरिका की लम्बी अवधि की बांड उपज में लगातार तीसरे सप्ताह गिरावट दर्ज की गई है और 10 साल की बांड उपज 1.54 प्रतिशत से घटकर 1.33 प्रतिशत तक के स्तरों पर है। निवेश के लिहाज से सोने के विकल्प के रूप में देखे जाने वाले बिटकॉइन में बिकवाली का दबाव बना हुआ है और यह पिछले सप्ताह 6 प्रतिशत टूट गया है जिससे निवेशकों का रुझान सोने की तरफ बना हुआ है।

अमेरिकी फेड प्रमुख जेरोम पावेल ने अपने बयान में मुद्रास्फीति को अस्थाई बताया है और सेंट्रल बैंक द्वारा अमेरिकी अर्थव्यवस्था को सपोर्ट करते रहने को कहा। हालांकि, निवेशकों को व्यापक रूप से उम्मीद है कि फेड 2022 के अंत तक संपत्ति की कमी शुरू कर देगा और 2022 की शुरुआत में ब्याज दर में वृद्धि की भी संभावना है।

लेकिन यह भी स्वीकार करना होगा कि कोविड डेल्टा संस्करण का डर एक बड़ा आर्थिक जोखिम बना हुआ है जिससे सोने के भाव को सपोर्ट है। सोने के प्रमुख उपभोक्ता चीन से दूसरी तिमाही के सकल घरेलू उत्पाद  (जीडीपी) के आंकड़े अनुमान से कम दर्ज किये गए है। कच्चे माल की उच्च लागत और नए कोविड -19 के बढ़ते मामले जीडीपी में धीमी वृद्धि के कारण रहे है।

घरेलु वायदा सोना 0.7 प्रतिशत सप्ताह में तेज़ रहा और कीमते 48250 रुपये प्रति दस ग्राम के करीब रही। चांदी के भाव में भी सुधार रहा लेकिन यह सप्ताह में सपाट रह कर 69300 रुपये प्रति किलो पर रहे।

तकनीकी विश्लेषण

इस सप्ताह सोने और चांदी में हल्के सुधार के बाद तेज़ी रहने के आसार नज़र आ रहे है। सोने में 48600 रुपये पर प्रतिरोध और 47500 रुपये पर सपोर्ट है। चांदी में 71000 रुपये पर प्रतिरोध और 68400 रुपये पर सपोर्ट है।

SEBI aka Securities and Boards of India (SEBI) has recently approved well-informed investors from the category of wealth who will be allowed to invest in riskier products, which are usually allowed to individuals. Termed accredited investors could be family trusts, individuals, proprietorships, etc. The regulator’s board also strict the norms for the independent directors. Also, it has been mentioned that independent directors can be appointed only through a special resolution passed by the shareholders. The resolution requires a total of 75% votes in favour to be passed. Furthermore, the regulator also has explained and strengthened the disclosure requirements for the skills required to be an independent director. Moreover, the regulator said that the nomination and remuneration committee finally decides on the appointments and compensations that should have two-thirds independent directors compared to a majority now. SEBI or the regulator also specify that all the related party transactions will be approved by only independent directors.The board further said that the entire resignation letter of an independent director should be disclosed along with present directorships and membership of the board committee. All the changes that have been mentioned above will take effect from January 2022. As per the SEBI officials, they will set eligibility criteria for the investors who can get the accreditation from the top stock exchanges, subsidiaries of depositories and more. The regulator had floated a consultation paper in February which had specified some of the criteria such as annual income that must be at least 2 Crore or minimum net worth of 7.5 Crore or minimum annual income of 1 Crore with a minimum net worth of Rs 1 Crore. Authorized investors have the flexibility to invest the minimum amount mandated in SEBI rules and subject to certain conditions from regulatory requirements.SEBI also came up with a new idea in order to minimize insider trading. For instance, it has extended the maximum reward amount for an informant who gives the information on insider trading from Rs 10 Crore to 1 Crore. It has also extended the payment of rewards to informants. The regulator has also approved several changes to its mutual fund regulations that require asset management companies to need more funds in riskier schemes so that they have more skin in the game. As of now, AMC is required to invest only one percent of the amount raised in an NFO that is Rs 50 lakhs. Furthermore, the SEBI also allows debt issuers who have a less than 3-year track record so that they can raise more funds than they issue only on a private placement basis on an exchange bond bidding platform.

Definition of Independent Director

The first proposal is directly proportional to the definition of an independent director. As of now, the restrictions are set only to those who have been known to be the termed accredited investors, such as family trusts and proprietorships. Also, the restrictions for those who have had a direct relationship with the directors. The cooling-off period for each was three and two years respectively. In order to maintain a balance, SEBI has proposed to introduce a single cooling-off period for three years. This means, if any person belongs to Key Managerial Persons or its relatives that have had a relationship with the company, its subsidiaries, or promoters, can be appointed as an independent director in a listed entity only three years from the date.

Dual Approval Process for Appointment, Reappointment and Removal of Independent Directors

Under SEBI regulations, the directors are appointed and nominated by the company’s board and the approval needs to be taken by shareholders through an ordinary resolution.

• If we talk about the case of promoter led companies, the shareholder vote outcome would be decided by the majority. In order to give a non-promoter or public shareholder a strong authority, SEBI has decided on a dual approval process for appointment, re-appointment of independent directors from the board of a listed entity.
• Special care needs to be taken while appointing independent directors:
• Appointment, re-appointment would require the approval of shareholders and majority or minority of shareholders both.
• The shareholder’s vote would be counted through ordinary or special resolution as is the existing case appointments and reappointments.
• Both the votes can be done via a single process and meeting.
• Any candidate, if in any case fails to get dual approval can be proposed again for independent directorship through a second vote after a period of 90 days.
• The same process would apply for the removal of independent directors.

SEBI has given more detailed disclosures by the Nomination and Remuneration Committee regarding the selection of candidates for the post of independent director. If there is a vacancy in the name of an independent director, the new candidate appointed by the board must need approval within 3 months.

Resignation of Independent Director

In order to strengthen the disclosure around the resignation of independent directors, SEBI has proposed the following: The entire resignation letter needs to be disclosed to the shareholders along with a list of membership in the committees of the board. The independent director, who resigns from a board citing pre-occupation, and personal commitments is subjected to a cooling period of 1 year before he/she joins another board.

Audit Committee

As of now, two-thirds of the board's committee needs to compromise independent directors. The decisions made by audit committees range from the finalization of accounts to related party transactions; SEBI has proposed the following:2/3rds of the total strength of an audit committee needs to be composed of independent directors, while the remaining must be non-executive directors who are not related to the promoter.

Independent Directors: Appointment Rules

SEBI board toughen norms for independent directors. It is said that independent directors can be appointed through a special type of resolution passed by the shareholders.

Takeaway

SEBI has now sought the views of the Ministry of corporate affairs on this issue, as any change would first have to be applied to company law before SEBI could follow suit. The president and Chief Operating Officer of numerous advisory firms said the discussion paper provides the increasing expectations of investors from independent directors.

मिले-जुले वैश्विक रुझान से सोना-चांदी में तेज़ी।

अमेरिकी फेड की नई मुद्रा नीति पर बैठक के बाद सोने के भाव में फिर बढ़त देखि गई। एक मजबूत होता डॉलर और घटती यू.एस. ट्रेजरी उपज सोने के लिए लाभ को सीमित भी कर रही है। डॉलर, जो आमतौर पर सोने के विपरीत चलता है, तीन महीने में अपने उच्चतम स्तर पर पहुंच गया है। लेकिन अमेरिकी बांड उपज में गिरावट सोने के भाव को सपोर्ट कर रही है।

फेड की जून की बैठक के मिनटों ने संकेत दिया कि केंद्रीय बैंक 2021 के अंत तक अपनी संपत्ति खरीद को कम करने की दिशा में कदम उठा रहा है। हालांकि फेड अधिकारियों ने अमेरिकी आर्थिक सुधार पर आगे की प्रगति को जारी रहना जरुरी बताया और वे सहमत हुए की उम्मीद से ज्यादा जल्दी संपत्ति को घटाने की आवश्यकता है।

जबकि यूरोपियन सेंट्रल बैंक द्वारा फेड के विपरीत नजरिया रखा गया है। अटलांटा फेड के अध्यक्ष राफेल बॉस्टिक ने चेतावनी दी कि अधिक घातक डेल्टा प्लस संस्करण कोवीड-19 मामलों में एक नया उछाल लेकर आ सकता है और उपभोक्ताओं को बाज़ारो से दूर कर सकता है जो अमेरिकी सुधार को धीमा करने का कारण बन सकता है।

उधर, चीन की सरकारी बॉन्ड यील्ड में तेजी से गिरावट आई, क्योकि अधिकारी अर्थव्यवस्था का समर्थन करने के लिए बैंकों के रिज़र्व रेश्यो में समय पर कटौती का उपयोग करेंगे। पिछले सप्ताह चीन की तरफ से रिज़र्व रेश्यो रेट 0.5 प्रतिशत घटाया गया है। कॉमेक्स में सोना 1 प्रतिशत सप्ताह में तेज़ होकर 1800 डॉलर प्रति औंस और घरेलु वायदा सोना भी करीब 1 प्रतिशत तेज़ होकर 47700 रुपये प्रति दस ग्राम पर रहा है।

तकनीकी विश्लेषण

सोने और चांदी में इस सप्ताह तेज़ी बनी रहने की सम्भावना है। सोने में 48400 रुपये पर प्रतिरोध है और 47400 रुपये पर सपोर्ट है। चांदी में 71000 रुपये पर प्रतिरोध और 66000 रुपये पर सपोर्ट है।

पिछले सप्ताह हुई ओपेक देशो की बैठक में कच्चे तेल के उत्पादन में अनुमान से धीमी गति से बढ़ोतरी करने और मांग बढ़ने के संकेत पर अमेरिकी कच्चा तेल 2 डॉलर प्रति बैरल तक तेज़ हुआ है। और ऑक्टूबर 2018 के स्तरों पर कीमते पहुंच चुकी है।

ओपेक और अन्य तेल उत्पादक देश अपनी बैठक में अगस्त और दिसंबर के बीच बाजार में लगभग 20 लाख बैरल प्रति दिन (बीपीडी) तेल जोड़ने की ओर बढ़ रहा है। उत्पादन में 50 लाख बीपीडी तक बढ़ोतरी का अनुमान था लेकिन इसको घटा देने पर कच्चे तेल के भाव में तेज़ी जारी रही। कच्चे तेल की बढ़ती हुई मांग के कारण केवल 20 लाख बैरल की आपूर्ति बढ़ाना, कीमतों को सपोर्ट कर रही है। बाजार अनुमानित उत्पादन वृद्धि को आसानी से अवशोषित कर सकता है।

अनुमान के मुताबिक 50 लाख बैरल प्रतिदिन तक भी बाजार अवशोषित कर सकता है। अनुमान है कि साल की दूसरी छमाही में तेल की मांग में तेजी आएगी क्योंकि अधिक लोगों को कोवीड-19 के खिलाफ टीका लगाया जा चुका होगा और यात्रा प्रतिबंधों में ढील दे दी जाएगी। वर्ष की पहली छमाही में, आर्थिक सुधार और तेल की मांग में वृद्धि हुई है।

पिछले सप्ताह जारी ऊर्जा सूचना प्रशासन के आंकड़ों से पता चलता है कि बढ़ती मांग के कारण संयुक्त राज्य अमेरिका में कच्चे तेल का भंडार पिछले सप्ताह भी घट गया है। एमसीएक्स जुलाई वायदा में पिछले सप्ताह 150 रुपये प्रति बैरल तक की तेज़ी देखि गई है और इसके भाव 5650 रुपये प्रति बैलर के स्तरों पर पहुंच गए है। ब्रेंट और अमेरिकी डब्लूटीआई कच्चे तेल के भाव 75 डॉलर प्रति बैरल के स्तरों पर है।‍

तकनीकी विश्लेषण:‍

एमसीएक्स कच्चे तेल के जुलाई वायदा में इस सप्ताह तेज़ी जारी रह सकती है और इसमें 5750 रुपये पर प्रतिरोध है और 5300 रुपये पर सपोर्ट है।

IPO or Initial Public Offering is a process where a private company starts to trade publicly in the stock market by issuing its shares for sale.Before issuing an IPO, a company is considered as private and as a private company, the growth is significant. Hence, to grow their business successfully, small companies decide to go public so that they can raise funds and expand their business operations.

In the year 2020, we saw some of the biggest stock IPOs such as Burger King, SBI Cards, Happiest Minds Technologies and Rossari Biotech, and in 2021, we are going to experience some of the biggest releases owing to the record high of Nifty and Sensex both. Investors are eagerly waiting for these SME IPOs as they can book a significant amount of profit once the lots are issued to them. Many investors keep an eye on the IPOs as they can get fast access to earn huge returns.

However, IPOs mainly target institutional investors as they have enough capital to invest than retail investors who invest in small amounts. Here, we found some of the companies that are likely or have already filed DRHP with SEBI to make themselves public from private. SEBI then approves the IPO for the companies after that they can go for the further IPO process. Here is a complete list of hottest IPOs that caught everyone’s attention:

1. Zomato

Zomato is one of the popular hot stocks that everyone is seeking in 2021. The online food ordering company is all set to launch its first IPO this year that allows the company to raise $1.1 billion.

‍Company Background

‍Zomato is one of the leading food services companies in India. Initially started as a restaurant, the company was founded by two students Depinder Goyal and Pankaj Chaddah in 2008. It showed strong business performance and great potential as it transformed itself into a successful food delivery platform. As of 31 December 2020, the company’s availability is 526 cities in India with 350,174 active listings. In 2020, Zomato mobile food application is one of the most downloaded food delivery companies in the last three years since 2018 on the iOS app store and Google as per Annie’s. While it has footprints outside India as of 31 December 2020. It has successfully dealt with the losses during a pandemic and successfully managed to make its ground against its competitor Swiggy which dominates the market like Zomato. As of now, Swiggy holds 47% market share and Zomato holds 45% market share.

‍Zomato IPO Details

‍As per the news sources, Zomato Limited is thinking to raise Rs 8250 Crore through IPO. Zomato filed the DRHP with SEBI in April 2021. Here, the lead managers to issue are Citigroup Global Market India, Kotak Mahindra Capital Company Limited, Morgan Stanley India Limited.

2. Paytm

Paytm is an Indian Digital Payment System and financial technology company. As per the sources, India’s biggest online payment and wallet giant has decided to raise a fund of $3 billion through fresh equity.

‍Company Background

‍Paytm is the fastest growing digital payment system that offers online use-cases such as mobile recharge, utility bill payments, event bookings at grocery stores and educational institutions with Paytm QR Code. As per the company valuation report, more than 21 million people across India use their QR code payment system to accept payment directly into their bank accounts.

‍Paytm IPO Details

‍Paytm’s competitors are Google pay and Phonepe that maintain a stronghold in the market. However, the company has reported a loss for FY 2021 and hence it goes for the IPO process. The current valuation of a Noida based company is at $16 billion. It is said that the company is all set to file a red herring prospectus to SEBI. As per the sources, an extraordinary general meeting will be held on 12 July 2021.

3. Flipkart

Company Background

‍Flipkart is one of the largest eCommerce companies after Amazon, headquartered in Bangalore, Karnataka. The company’s main product categories are consumer electronics, home essentials, fashion, groceries and lifestyle products. As of today, Flipkart has over 311 million registered users and over 151 million products in several categories. As eCommerce becomes more prominent during the pandemic, the company is looking forward to more revenues in the coming years.

‍Flipkart IPO

‍The Indian E-commerce company, which was bought by Walmart Inc, has finally decided to go public in the last year of FY21. The company’s objective is to raise a fund of about $1billion and is currently valued at $ 25 to $ 30 billion. Investing in Flipkart's share is a good bet for the investors as it will help them to gain excellent share trading returns in the coming years.

4. Nykaa

Company Background

‍Nykaa is India’s largest women-centric online marketplace with around 15 million registered users that caters to 1.5 million orders a month. Founded in 2012, the platform is specially designed to supply the beauty products and personal care segments which makes it different from other eCommerce sites such as Amazon and Flipkart.

‍Nykaa IPO Details

‍As per the report, beauty and fashion retailer Nykaa is expected to go public in 2022 with an estimated valuation of $ 4.5 billion. The expected size of Nykaa’s public offering listing is to be between $500 million and $ 700 million.Nykaa or the beauty retailer designated Morgan Stanley and Kotak Mahindra Capital co. as managers for its initial public offering (IPO).

5. Nuvoco Vistas

Company Background

‍Nuvoco Vistas is considered the fifth-largest cement company in India and the largest cement company in terms of capacity. The company’s cement production capacity constituted 4.2% of the total capacity in India. As per the CRISIL report, Nuvoco Vistas is one of the leading ready mix concrete manufacturers in India. Nuvoco Vistas Cement plants are mainly located in Bihar, Odisha, Chhattisgarh, Haryana and Rajasthan. The RMX plants are located all across India.

‍Nuvoco Vistas IPO Details

‍Nuvoco Vistas is a reputed cement brand under the household Nirma. The issue size of the IPO is around 5000 crores, out of which Rs 1500 crore will be a fresh issue. The remaining is available for sale.

Technology has been evolving over the past decades. Among all the innovations that have recently been made such as machine learning, Bitcoin, autonomous vehicles, AI or artificial intelligence is something new that has the power to change the way of world’s working.

Today, we can see some of the greatest companies have started using chatbots to provide efficient, more accurate customer services laced with deep linking capabilities and detailed algorithms. Cloud computing is another way that has completely changed the way of storage.

Hence, investing in companies that work on AI are uncommon as you may imagine. Investing in AI stocks help individuals to foster their wealth creation and build a strong yet better strong portfolio management.

Stocks of these companies experience drastic growth these years. If investors seek trading in these stocks, they would earn significant benefits in the long term.

Today many Indian startups include AI packed solutions in numerous sectors such as education, financial sectors, health etc. to attenuate social issues people are facing these days.

If you are thinking about investing in AI stocks, you may be able to make a significant amount of profit in the long run.

Here, we mention some of the companies that are primarily focused on AI businesses in India. Also, these companies are holding excellent business and technical fundamentals, have little debt and are offering better investment returns.

What is AI?

Artificial Intelligence or AI is the simulation of human intelligence processes in robots that are trained enough to ponder and behave exactly like humans. AI itself has the potential to add US $ 977 billion or 15% of India's present GDP.

The combination of technology, skill and data enables intelligent systems propelling AI investments to new heights.

1. Tata Elxsi

Over the last two decades, Tata Elxsi has been accelerating technology-based advancements. It enables a wide spectrum of breakthroughs powered by AI along with analytics including self-driving cars and video analytics solutions.

Tata Elxsi Artificial Intelligence Centre of Excellence addresses the increasing demand for intelligent systems.

Tata Elxsi allows its customers to use cloud-based integrated data analytics frameworks that feature patent-pending technology to get actionable insights and outstanding returns.

If we talk about the performance of Tata Elxsi In the last three years, then the stock returned 174.89%, while Nifty IT provided investors 106.55% returns.

In the fiscal year ending 31 March 2021, the company spent less than 1% of its operating revenues.

2 . Bosch

Bosch centre for AI started in 2017, where cutting edge AI technology is used in Bosch products and services that leads to new innovative solutions.

Bosch created the technological groundwork for AI that has a huge impact in the real world. Its research produces differentiation in six areas with a focus mainly on core AI technology.

If we talk about the performance of Bosch, then you will be surprised to know that only 1.08% of trading sessions had intraday drops of more than 5%.

The stock earned a negative return of -15.94% over a three year period, compared to 44.16% for the NIfty 100 Index.

3. Zensar Technologies

Zensar technologies go to market strategy is now pivoting away from digital and towards disruptive. The company’s R&D department has filed for 100 patents in the last few years. Now, the company’s entire focus is on AI technologies.

Zensar announced the initial set of platforms including IT, supply chain, marketing, sales, HR, projects and programs that help customers to create value.

In the past three years, stock provided a 15.63% return as compared to Nifty IT that returned 106.55% returns to the investors.

4. Persistent Systems

Persistent made machine learning and AI dreams into reality with solutions that help at every stage of AI and machine learning development.

With a methodology that prioritizes scale model development, use case, architecture, and operationalise models across the country, our solutions ensure that you realize successful outcomes from AI and machine learning investments.

The annual sales growth of Persistent is 16.16% that surpassed the company’s three-year CAGR of 10.75%.

In the last three years, the stock gave returns of 208.41% which is more than Nifty IT which was 106.55%.

5. Oracle Financials

Oracle helps you in implementing AI in your company and IT processes.

Oracle Cloud Application and platform and Oracle Autonomous database, you can speed up the automation, reduce human errors and achieve powerful business insights. If we talk about the performance, then the company gave intraday gains which are more than 5%.

6. Cyient

Cyient is an Indian multinational conglomerate primarily focused on manufacturing, engineering, data analytics and network and operations. Cyient’s primary objective is to achieve business objectives first than new tools and technologies.

It uses AI for secondary purposes, as AI detects changes in the real environment and updates maps in real-time.

Proper navigations help vehicles to take appropriate actions so that they can successfully avoid collisions.

As said earlier, Cyient focuses on business in attaining their goals.

If we talk about its stock performance, then the stock gave returns 24.4% over a three year period while Nifty IT gave a whooping return of 106.55% to the investors.

7. Saksoft

Saksoft mainly focuses on getting transformations through efficiency, productivity, enhanced customer decisions and service innovations by increasing the combination of AI and automation.

Saksoft gives a boost to digital transformation and applies intelligent automation to solve major business problems with the assistance of modern technology like IoT, AI, machine learning and automation.

Saksoft gave a return of 118.06%, while Nifty IT provided investors with a 106.55% return for more than three years.

Final Words

Artificial intelligence has reached almost every sector. It can be easily seen around you through various devices. Smart TV, cellphone, smart home technology are some of the devices that can be surrounded in your home.

This technology is changing the way of living such as working out, running a business, connecting with others and more.

This year people are more interested in energy stocks, high tech stocks such as AI. That’s the reason, such stocks are demandable as they will see outstanding returns in the future.