Stock quality – Jamiron http://jamiron.net/ Sat, 01 Oct 2022 11:52:22 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://jamiron.net/wp-content/uploads/2021/10/icon-20-120x120.png Stock quality – Jamiron http://jamiron.net/ 32 32 Air quality management readiness: Center worries about Punjab plan https://jamiron.net/air-quality-management-readiness-center-worries-about-punjab-plan/ Sat, 01 Oct 2022 00:02:03 +0000 https://jamiron.net/air-quality-management-readiness-center-worries-about-punjab-plan/ Union Environment Minister Bhupender Yadav on Friday expressed “displeasure” over Punjab’s lack of preparedness for air quality management and noted “a huge gap” in the plan. the State for stubble management. Yadav said the Punjab government had failed to provide “adequate” measures for the management of nearly 5.75 million tonnes of stubble, which could have […]]]>

Union Environment Minister Bhupender Yadav on Friday expressed “displeasure” over Punjab’s lack of preparedness for air quality management and noted “a huge gap” in the plan. the State for stubble management. Yadav said the Punjab government had failed to provide “adequate” measures for the management of nearly 5.75 million tonnes of stubble, which could have “negative impact” on air quality in Delhi and the National Capital Region (NCR).

Yadav gave an update on the preparedness of the NCR and neighboring states in the fight against air pollution saying that special attention over the next three months must be given to the burning of thatch of paddy, open biomass and municipal solid waste combustion, industrial and particulate emissions, dust emissions from construction, demolition activities and roads and open areas, which require mitigation.

“Given the criticality of air pollution issues, including the weather conditions around the Diwali festival, the minister has ordered special and timely measures to control air pollution levels,” he said. said a manager.

The Union Environment Ministry Secretary called on Punjab to expand the coverage of the area under bio-decomposer by “proactive action, especially as a marginal increase had been proposed in the coverage of the area under bio-decomposer – from 7,500 acres in 2021 to just 8,000 acres in 2022,” the ministry said.

“The CAQM Chairman also stressed the need for time-bound implementation of the action plan, especially by Punjab,” he added.

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There is a lack of quality engineering education in India https://jamiron.net/there-is-a-lack-of-quality-engineering-education-in-india/ Tue, 27 Sep 2022 18:45:00 +0000 https://jamiron.net/there-is-a-lack-of-quality-engineering-education-in-india/ There is no shortage of places or capacity constraints, but a shortage of institutions offering quality engineering education at an affordable cost There is no shortage of places or capacity constraints, but a shortage of institutions offering quality engineering education at an affordable cost Jhe Union Department of Education released the 2022 National Institutional Ranking […]]]>

There is no shortage of places or capacity constraints, but a shortage of institutions offering quality engineering education at an affordable cost

There is no shortage of places or capacity constraints, but a shortage of institutions offering quality engineering education at an affordable cost

Jhe Union Department of Education released the 2022 National Institutional Ranking Framework (NIRF) rankings in July. An analysis of the top 200 institutes of technology and engineering schools paints a disturbing picture. The best institute in the category obtained 90.04%. But the 50th best got only 50.11%; the 100th best institute obtained only 40.14%; and the one ranked 200th only got 33.7%. One can imagine the situation of the remaining 1,049 institutions that applied but did not obtain a ranking. And how dire must the situation be in the nearly 4,500 institutions that haven’t even applied for the ranking?

These top institutions enroll around 30,000 students against 11 lakh-12 lakh who register for the JEE main exam. The odds of getting a place in one of the top 100 institutions are as low as 2.73%. Only 0.9% make it to one of the top 10 institutions.

Misleading titles

Meanwhile, at the height of the internship season, we keep seeing news about engineering graduates offering job vacancies worth thousands of rupees. Sprinkled liberally with eulogies like “hard work pays” and “institutions matter,” these stories both appeal to prospective students and justify the tuition hike. They rarely specify that the packages reported are the rupee equivalent of US dollar salaries without considering cost of living or purchasing power parity. Those who obtain such placements know well that by American standards, these salaries can only be considered decent.

They also know that their take home pay is only a fraction of what is mentioned in the headlines. A significant portion may include a signing bonus, relocation allowance, restricted stock units (RSUs), and employee stock option plans (ESOPs). RSUs alone could make up around 30% of the annual package, but are typically paid out over four years, with only 5% and 15% paid in the first and second year respectively. What seemed to be ₹30 lakh would turn out to be only ₹1.5 lakh in the first year. The login bonus is rarely paid upfront; instead, it is usually disbursed over around 24 months. The base salary component is only a fraction of the total package.

Internship headlines also rarely reveal that such offers are rare, limited to a tiny number of graduates, and usually limited to international internships, mostly in the information technology sector. Of the roughly 30,000 students graduating from top tech institutions, no more than 100 offer such offerings.

But who cares about such details? Most parents dream of ₹1 crore plus from the placements for their children, not caring about the immense stress they put on their young ones. This sets off a frantic race to get students to institutions of national importance. Students are looking for quality institutions, which for them are those that offer assured placement, preferably with a dream package.

This, coupled with the scarcity of seats, provides fertile ground for commerce to capitalize on. The supervision for the entrance tests now starts from class 9, if not earlier. Children are often forced to take time off from their studies to focus on admissions. In doing so, they are stripped of their ambitions and passions. They are forced to fulfill the dream their parents and peers saw for them and become doctors and engineers – not so much to serve society as to earn big bucks. Dejection on the one hand and persistent peer pressure on the other cause anxiety, depression and even give rise to suicidal tendencies.

Shortage of quality education

But does this mean that India has a severe capacity constraint in higher engineering and technology education? Official data says otherwise. The All India Council for Technical Education (AICTE) has already approved a sufficient number of engineering and technology institutions to admit at least 23.67 lakh students. This is double the number of aspirants to engineering training. There is therefore no shortage of places or capacity constraints. In fact, the nation faces a shortage of institutions offering quality engineering education at an affordable cost. In business parlance, it is the ability to optimize resources.

A quick look at the data reveals that the task is daunting. AICTE has so far approved 5,926 institutions to offer engineering and technology programs. Of these, only 1,249 (21.07%) showed up to be classified under the NIRF in 2022. India probably does not need more institutions. The scope for improving admission to existing quality institutions also appears limited. What is needed is to improve the overall quality of higher technical education in all areas.

Young people are ambitious. Monetary rewards are a major attraction. But that does not mean that they are not geared towards national development. Investments in securities are intended to support these motivations. It is now up to the nation to reduce the growing gap between the best and the others and to ensure equal opportunities in access to quality higher technical education.

Ayalur K. Bakthavatsalam is HAG Professor at NIT Trichy and had previously held the position of Dean at NIT Trichy. Views are personal; Furqan Qamar is a professor at the Faculty of Management Studies at Jamia Millia Islamia and a former Education Advisor to the Planning Commission. Views are personal

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Market Musings 240922: Start looking for quality at a deep discount https://jamiron.net/market-musings-240922-start-looking-for-quality-at-a-deep-discount/ Sun, 25 Sep 2022 15:29:43 +0000 https://jamiron.net/market-musings-240922-start-looking-for-quality-at-a-deep-discount/ Daydreams of Market 240922: Start looking for quality at a deep discount Where has the market been too aggressive in its blind selling? Summary: Is a sense of panic in the financial markets in the air? Opposite value to be found because the proverbial baby is thrown out with the bathwater Be selective, look for […]]]>

Daydreams of Market 240922:

Start looking for quality at a deep discount

Where has the market been too aggressive in its blind selling?

Summary:

  1. Is a sense of panic in the financial markets in the air?
  2. Opposite value to be found because the proverbial baby is thrown out with the bathwater
  3. Be selective, look for quality growth companies at a discount
  4. Value also in some discounted real estate investment trusts for income seekers
  5. Don’t be in a rush, the markets are unlikely to bounce back in a straight line.
  6. Actions that seem like good starting points for further research

It smells like panic in the air

Another week, and more pain for long-suffering equity, credit and bond investors.

In fact, some of the greatest suffering was not confined to the stock market, but rather rarely to the sovereign bond market.

In the wake of the continued strength of the US dollar, combined with the bond market’s nervous reaction to new UK Chancellor of the Exchequer Kwasi Kwarteng’s tax cut mini-budget, UK gilts have come under a real bombardment. The £VGOV Vanguard UK Gilt ETF is rated a 4 out of 7 risk, yet it has lost 28% in 2022 to date, much worse than, say, the FTSE 100 stock index.

The VGOV UK Gilt ETF -28% on 2022 (so far)

Source: tradingview.com

Frankly, this week felt a lot of investor panic, with even once-resilient segments of the stock market, such as the oil and gas sector, taking as much bath as elsewhere.

Second, the put/call ratio for US equities has reached its highest level since March 2020 (the depths of the stock market crash triggered by the COVID lockdown). Investors buy call options when they are bullish to profit from the stock market. But conversely, they buy put options when they want to protect their stock portfolios or position themselves for a falling stock market.

A high put/call ratio then indicates that investors are very bearish in the stock market, as they buy far more puts than calls.

The most bearish put/call ratio in US stocks since March 2020

mGh4G-0Lt3m4sYLhGVdbJYOtbBBJ8G3-biQibOpaeh70MYoJcQrpsWTBg2WShSHBsWY4DNXKX7Ikqh6H-7GPmYpRnEM2R5SGMGUV78riSPOPoJVkUVbCjaPDfqMRv8MMyXTR4isWz0NGUA0S4360U4FR6wYwzDryOfDxjExpiXe

Source: tradingview.com

As such, markets are rapidly pricing in current/coming recessions in Europe and elsewhere, as higher interest rates and high energy prices weigh on economic growth.

Institutional investors have been heavy sellers of European equities for most of 2022,

Investors have been big sellers of the EU…

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Is Palfinger AG (VIE:PAL) a high quality stock to own? https://jamiron.net/is-palfinger-ag-viepal-a-high-quality-stock-to-own/ Fri, 23 Sep 2022 08:42:49 +0000 https://jamiron.net/is-palfinger-ag-viepal-a-high-quality-stock-to-own/ One of the best investments we can make is in our own knowledge and skills. With that in mind, this article will explain how we can use return on equity (ROE) to better understand a business. Through learning-by-doing, we will examine ROE to better understand Palfinger AG (VIE:PAL). Return on Equity or ROE is a […]]]>

One of the best investments we can make is in our own knowledge and skills. With that in mind, this article will explain how we can use return on equity (ROE) to better understand a business. Through learning-by-doing, we will examine ROE to better understand Palfinger AG (VIE:PAL).

Return on Equity or ROE is a test of how effectively a company increases its value and manages investors’ money. In other words, it reveals the company’s success in turning shareholders’ investments into profits.

See our latest analysis for Palfinger

How do you calculate return on equity?

ROE can be calculated using the formula:

Return on equity = Net income (from continuing operations) ÷ Equity

So, based on the formula above, the ROE for Palfinger is:

14% = €98m ÷ €685m (based on the last twelve months until June 2022).

“Yield” refers to a company’s earnings over the past year. Another way to think about this is that for every $1 of equity, the company was able to make a profit of $0.14.

Does Palfinger have a good ROE?

A simple way to determine if a company has a good return on equity is to compare it to the average for its industry. The limitation of this approach is that some companies are very different from others, even within the same industrial classification. As the image below clearly shows, Palfinger has a better ROE than the average (12%) in the machinery industry.

WBAG:PAL Return on Equity September 23, 2022

That’s what we like to see. However, keep in mind that a high ROE does not necessarily indicate efficient profit generation. A higher proportion of debt in a company’s capital structure can also result in a high ROE, where high debt levels could be a huge risk. Our risk dashboard should contain the 3 risks we have identified for Palfinger.

What is the impact of debt on ROE?

Companies generally need to invest money to increase their profits. This money can come from retained earnings, issuing new stock (shares), or debt. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the debt necessary for growth will boost returns, but will not impact equity. So using debt can improve ROE, but with the added risk of stormy weather, metaphorically speaking.

Palfinger’s debt and its ROE of 14%

Palfinger uses a high amount of debt to increase returns. Its debt to equity ratio is 1.00. While its ROE is respectable, it’s worth bearing in mind that there’s usually a limit to the amount of debt a company can use. Debt increases risk and reduces options for the business in the future, so you generally want to see good returns using it.

Conclusion

Return on equity is a useful indicator of a company’s ability to generate profits and return them to shareholders. In our books, the highest quality companies have a high return on equity, despite low leverage. If two companies have roughly the same level of debt and one has a higher ROE, I generally prefer the one with a higher ROE.

But ROE is only one piece of a larger puzzle, as high-quality companies often trade on high earnings multiples. It is important to consider other factors, such as future earnings growth and the amount of investment needed in the future. You might want to take a look at this data-rich interactive chart of the company’s forecast.

Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Valuation is complex, but we help make it simple.

Find out if Palfinger is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

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7 high-quality stocks that plunged to 52-week lows https://jamiron.net/7-high-quality-stocks-that-plunged-to-52-week-lows/ Wed, 21 Sep 2022 09:59:56 +0000 https://jamiron.net/7-high-quality-stocks-that-plunged-to-52-week-lows/ Amrutanjan Health Care Ltd. Amrutanjan Health Care Ltd. is a small cap (having a market capitalization of Rs 2,130.04 crore) healthcare industry company, established in 1893 by social reformer, journalist and freedom fighter, Nageswara Rao Pantulu Garu. It improves the standard of living of customers through innovative products. With a wide range of Ayurvedic and […]]]>

Amrutanjan Health Care Ltd.

Amrutanjan Health Care Ltd. is a small cap (having a market capitalization of Rs 2,130.04 crore) healthcare industry company, established in 1893 by social reformer, journalist and freedom fighter, Nageswara Rao Pantulu Garu. It improves the standard of living of customers through innovative products. With a wide range of Ayurvedic and Allopathic products, Amrutanjan has helped millions of people relieve the pain and discomfort of muscle aches, colds, sprains, headaches and rheumatic pains.

Outlook and stock returns

The current market price of Amrutanjan stock is Rs 722.75 apiece, trading near the 52-week low. The stock’s 52-week low is Rs 718.70 each. The stock’s 52-week high is Rs 1,024.55 each. It has given a negative return of 14.99% over the past year. While in the past 3 and 5 years it has given 129.97% and 137.78% multibagger returns.

Marriage.com Ltd.

Marriage.com Ltd.

Matrimony.com Ltd. is India’s first consumer internet company to be listed on BSE and NSE. Its flagship brand BharatMatrimony is the largest and most trusted wedding brand in India (according to the Brand Trust Report 2014). Over 3000+ associates serve millions of active members. The company has a market capitalization of over Rs. 2,300 crores. It is an iconic consumer internet conglomerate that runs well-known brands such as CommunityMatrimony, BharatMatrimony, and EliteMatrimony.

Outlook and stock returns

The current market price of the stock is Rs 639.40 apiece, trading near the 52-week low of Rs 635 apiece. The stock’s 52-week high is Rs 1,085 each. It has given a negative return of 35.99% over the past year. While in the past 3 years it has given a positive return of 16.78%. Over the past 5 years, it has given a negative return of 29.25%.

Kopran Ltd.

Kopran Ltd.

Kopran is the group company of Parijat Enterprises. Kopran is currently an integrated pharmaceutical company manufacturing a wide range of products. It manufactures both active pharmaceutical ingredients and finished dosage forms.

Kopran’s products are registered worldwide and its facilities meet the highest international standards and are approved by various regulatory authorities. Kopran focuses on improving technology and new products duly integrated through its sophisticated research and development department.

Outlook and stock returns

The current market price of the share is Rs 167.95 each. The stock’s 52-week low is Rs 165.10 each, which the stock reached on September 21, 2022. The stock’s 52-week high is Rs 370.45 each.

The stock has returned negative 22.63% over the past year. However, it has given a mulibagger return of 445.38% over the past 3 years and a positive return of 122.41% over the past 5 years.

        Sportking India Ltd.

Sportking India Ltd.

Sportking India Ltd. was incorporated on February 15, 1989 by Raj Kumar Avasthi and his family members. She was engaged in the business of hosiery, hosiery and ready-to-wear. Sportking India Limited manufactures and retails textile products. The Company offers yarns, knitted fabrics and garments, such as T-shirts, shirts, sweaters, jackets, jeans, leggings, shorts, sleepwear and lingerie. Sportking India serves customers in India. It is a small cap company having a market capitalization of Rs 1,134.53 crore.

Outlook and stock returns

The current market price of the share is Rs 856 each on NSE. The stock’s 52-week low is Rs 850 each and the 52-week high is Rs 1,123.05 each, respectively. The stock is trading near the 52-week low.

The stock has returned negative 8.27% over the past year. However, over the past 3 years, it has given massive returns of 756.45%. While in the past 5 years it has given a huge positive return of 15,531.53%.

Gland Pharma Ltd.

Gland Pharma Ltd.

Gland Pharma Ltd. was incorporated on March 20, 1978, is a large capitalization pharmaceutical company engaged in the manufacture of injectable formulations. From 2014 to 2019, the company’s revenue grew at one of the fastest rates among generic injectable-focused companies in the United States. The company has eight manufacturing facilities in India, including three API facilities, four final formulation facilities and four facilities with 23 combined production lines. By the end of March 2022, the company was selling goods largely through a business-to-business (B2B) model in more than 60 countries, including the United States, Europe, Canada, Australia, India and the rest of the world. world.

Outlook and stock returns

The current market price for the share is Rs 2,157.95 each on NSE, trading near the 52-week low. The stock’s 52-week low is Rs 2,128 each recorded on September 21, 2022. The 52-week high is Rs 4,072 each. The stock was listed on the stock exchange in November 2020. It has yielded a negative return of 44.68% over the past year.

GRM Overseas Ltd.

GRM Overseas Ltd.

GRM Overseas Ltd. is a New Delhi-based agro-processing company engaged in the production, purchase, export and sale of rice and paddy in India. The company also manufactures polyethylene. The company was established as a general partnership in 1974. The company has its processing unit located in Panipat (Haryana) with the capacity to process almond kernels, cloves, paddy, rice, pasta and wheat. She sells her products under the Kamdhenu and Chef brand. Basmati rice is exported to Europe, Saudi Arabia and other countries.

Outlook and stock returns

As of this writing, the stock is trading at Rs 413.15 each. The stock’s 52-week low is Rs 392.10 each and the 52-week high is Rs 498 each, respectively.

It has given a positive return of 97.27% over the past month. While in the past 3 and 5 years, it has given multibagger returns of 3280.22% and 3139.96%, respectively.

Xelpmoc Design & Tech Ltd.

Xelpmoc Design and Tech Ltd. provides information technology services. The Company offers platform development, testing, deployment, maintenance, data science and other related services. Xelpmoc Design and Tech serves clients in India. Entrepreneurs and start-ups as well as established businesses in e-commerce, transportation and logistics, staffing, financial services, social media and several other industries are among the company’s clients. The company offers a wide range of services, including data science and analysis support, mobile and web application creation, prototype development, and theme product development. The company is expanding the range of services and goods it offers as customer needs evolve.

.
Outlook and stock returns

The current market price of the share is Rs 140 each on NSE. The stock’s 52-week low is Rs 135 each and the 52-week high is Rs 495 each, respectively.

Over the past year, it has given a negative return of 63.31%. While in the past 3 years it has given a positive return of 110.23%.

Disclaimer

Disclaimer

The stock comes from NSE. Greynium Information Technologies and the author are not responsible for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.

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Grilled BSEC for poor IPO quality https://jamiron.net/grilled-bsec-for-poor-ipo-quality/ Sat, 17 Sep 2022 16:35:00 +0000 https://jamiron.net/grilled-bsec-for-poor-ipo-quality/ 91 companies listed on the capital market in the past 7-8 years Half of their stock price has now halved 98% of private investments come from banks, only 2% from the capital market The tax gap between listed and unlisted companies should be widened to attract good companies Restoring investors’ confidence in the capital market […]]]>
  • 91 companies listed on the capital market in the past 7-8 years
  • Half of their stock price has now halved
  • 98% of private investments come from banks, only 2% from the capital market
  • The tax gap between listed and unlisted companies should be widened to attract good companies

Restoring investors’ confidence in the capital market will not be possible, even with increased financial education, if good governance is not ensured, Dhaka Stock Exchange (DSE) chairman Yunusur Rahman said during a meeting. a round table on Saturday.

Over the past seven to eight years, 91 companies have been listed on the capital market. But most of them failed to meet their shareholders’ expectations, ultimately causing them to suffer, the DSE Chairman, also a former finance secretary, noted at the event titled “Current Scenario and Prospects for the capitals of Bangladesh” held in a city hall.

The Capital Market Journalists Forum and the Bangladesh Merchant Bankers Association (BMBA) jointly organized this program.

Farooq Ahmed Siddiqui, former chairman of the Bangladesh Securities and Exchange Commission (BSEC), said that over the past 10 years only a few good companies have come to the capital market as most of them get loans long term with the banks when they need money. .

Explaining the situation, he pointed out that 98% of private sector investment comes from banks, while capital market participation is only 2%.

“It’s a serious problem with the capital market. It won’t get better without good companies,” he also said.

Responding to criticism in the capital market, BSEC Chairman Prof. Shibli Rubaiyat-ul Islam said, “We should also think about who we are comparing the market to while criticizing it.”

“Don’t India and the United States have junk stocks? he asked, asking to be informed of the number of businesses closing each day in the two countries.

Speaking on stock market manipulation, the BSEC chairman said it takes six months to a year to identify a stock market player in the existing system.

“We can act when the stock exchange quickly gives the investigation report. It usually takes six months to a year to review the evidence and punish the culprit,” he continued.

Shibli Rubayet-Ul Islam said various steps have been taken to establish good governance. Action has also been taken against those involved in the manipulation based on investigations.

They have also taken initiatives to attract good companies to the market, he added.

Former BSEC Chairman Dr. M Khairul Hossain says 40% of India’s IPO shares are below face value, while they will not exceed 10% in Bangladesh.

He believes. “The number of non-compliant companies in Bangladesh is lower than any country in the world.”

The chairman of BSEC said, “Asking someone to invest in the capital market is not my job. Also, I’m not supposed to organize overseas tours, but I do in the national interest.”

“We are getting good feedback from the tours. We have held tours in divisional cities across the country, in the future we will do it at the district level as well.”

Capital market analyst Professor Abu Ahmed has suggested further increasing the tax gap between listed and unlisted companies to attract good companies to the capital market.

Previously, the tax gap between listed and unlisted companies was 10%, but in the current budget it has been reduced to 7.5%.

Speaking of this, he said that if the tax gap widens, good multinational corporations will come to the capital market.

Contrary to him, former BSEC chairman Farooq Ahmed Siddiqui said that even if the difference in tax rates between listed and unlisted companies is widened, companies will not come to the market because they get very easily long-term loans from banks.

Delivering a keynote address to the program, Md Moniruzzaman, Vice President of the Bangladesh Merchant Bankers Association, said that despite many ups and downs, there is a long-term growth trajectory.

He said there are many opportunities to increase the number of investors in the capital market in the future as FDR accounts in the country now stand at 48.7 lakh and there are shares in BO accounts of 14 lakh.

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Ujjivan raises ₹475 crore via QIP; Strong participation of quality long-term investors https://jamiron.net/ujjivan-raises-%e2%82%b9475-crore-via-qip-strong-participation-of-quality-long-term-investors/ Fri, 16 Sep 2022 10:15:00 +0000 https://jamiron.net/ujjivan-raises-%e2%82%b9475-crore-via-qip-strong-participation-of-quality-long-term-investors/ Ujjivan SFB concludes Rs 475 crore equity fundraising through the Qualified Institutional Placement (QIP) channel. The Board of Directors of the Bank has approved the allotment of 22 61 90 476 equity shares with a par value of Rs 10 each to eligible eligible institutional purchasers at the issue price of Rs 21 per equity […]]]>
Ujjivan SFB concludes Rs 475 crore equity fundraising through the Qualified Institutional Placement (QIP) channel.



The Board of Directors of the Bank has approved the allotment of 22 61 90 476 equity shares with a par value of Rs 10 each to eligible eligible institutional purchasers at the issue price of Rs 21 per equity share, including including a premium of Rs 11 per equity share.

The issue price reflects a discount of Rs 0.93 per equity share, or 4.24% on the floor price of Rs 21.93 per equity share, totaling approximately Rs 475.00 crore.

“With the recent issuance of sub-debt and this equity injection, the Bank is on track to meet its growth forecast for the year. The continued improvement in collections and asset quality bodes well for the future. Our goal is to grow sustainably and profitably,” said Ittira Davis, MD and CEO of Ujjivan SFB.

The issuance attracted considerable interest from quality long-term investors such as ICICI Prudential Life Insurance, Max Life Insurance, Aditya Birla Sunlife Mutual Fund, HDFC Life, Bajaj Allianz Life and many others.

Pursuant to the said allotment of equity shares, the paid up share capital of the Bank amounts to Rs 19,54,50,46,810 comprising 1,95,45,04,681 equity shares.

SEE ALSO:
Cheetahs are returning – it may improve the health of India’s dwindling grasslands

Vedanta slips 9% after clarifying semiconductor business to be undertaken by Volcan Investments

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HDFC Mutual Fund Announces Launch of Smart Beta ETFs – NIFTY100 Quality 30 ETF, NIFTY50 Value 20 ETF and NIFTY Growth Sectors 15 ETF | India is blooming https://jamiron.net/hdfc-mutual-fund-announces-launch-of-smart-beta-etfs-nifty100-quality-30-etf-nifty50-value-20-etf-and-nifty-growth-sectors-15-etf-india-is-blooming/ Wed, 14 Sep 2022 10:52:01 +0000 https://jamiron.net/hdfc-mutual-fund-announces-launch-of-smart-beta-etfs-nifty100-quality-30-etf-nifty50-value-20-etf-and-nifty-growth-sectors-15-etf-india-is-blooming/ Mumbai: HDFC Asset Management Company Ltd, a leading mutual fund company managing assets worth Rs 4.34 trillion as of August 30, 2022, has announced the launch of NIFTY100 Quality 30 ETF, NIFTY50 Value 20 ETFs and NIFTY Growth Sectors 15 ETFs, to expand their suite of ‘HDFC MF Index Solutions’. Smart Beta investing involves selection […]]]>

Mumbai: HDFC Asset Management Company Ltd, a leading mutual fund company managing assets worth Rs 4.34 trillion as of August 30, 2022, has announced the launch of NIFTY100 Quality 30 ETF, NIFTY50 Value 20 ETFs and NIFTY Growth Sectors 15 ETFs, to expand their suite of ‘HDFC MF Index Solutions’.

Smart Beta investing involves selection and weighting of stocks made on the basis of pre-defined factors, as defined in the methodology of the underlying index by NSE Indices Limited.

These investment strategies strive to provide better risk-adjusted returns than broad market capitalization-weighted indices.

The indices underlying the Smart Beta ETFs – NIFTY100 Quality 30 TRI, NIFTY50 Value 20 TRI and NIFTY Growth Sectors 15 TRI – have generated higher average rolling returns over 1, 3, 5 and 10 year horizons compared to the NIFTY 100 and NIFTY 50 TRI.

Commenting on the launch, HDFC Asset Management MD and CEO Navneet Munot said, “Smart Beta investing is popular around the world with a steady increase in AUM. HDFC AMC is pleased to expand offerings of index solutions for investors that are backed by empirical research.

“Smart Beta ETFs provide one-time portfolio diversification at low cost and are a proven tool for investors seeking long-term returns. The fund house has 20 years of experience managing passive funds, which supports sound investment and risk management policies and processes.

Investors can consider diversifying their investments across factors depending on individual preferences as the performance of various factors changes under different market environments, the company said, adding that with a minimum investment of Rs. 500 per ETF , this is an opportunity for investors to diversify into the three Smart Beta ETFs.

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Texas Tech researchers study the genetic properties of quality beef | KLBK | KAMC https://jamiron.net/texas-tech-researchers-study-the-genetic-properties-of-quality-beef-klbk-kamc/ Sat, 10 Sep 2022 22:00:13 +0000 https://jamiron.net/texas-tech-researchers-study-the-genetic-properties-of-quality-beef-klbk-kamc/ Here is a press release from Texas Tech University: LUBBOCK, Texas (PRESS RELEASE) — Why are consumers willing to pay high prices for steak? A research project from the Davis College of Agricultural Sciences & Natural Resources at Texas Tech University, in collaboration with Irish and Australian groups, is trying to answer this question. The […]]]>

Here is a press release from Texas Tech University:

LUBBOCK, Texas (PRESS RELEASE) — Why are consumers willing to pay high prices for steak?

A research project from the Davis College of Agricultural Sciences & Natural Resources at Texas Tech University, in collaboration with Irish and Australian groups, is trying to answer this question.

The project started with a simple idea from a PhD student, who wanted to know why consumers would pay $75 for a steak when much cheaper options were available. It became L GEN 2000, a collaborative genomics project funded by a $603,960 grant from the University of New England, which seeks to link genetic differences in the cooking quality of various beef cattle.

“We discovered that the part of the brain that is stimulated when you have your best experience in life – first kiss, first love, marriage, children, whatever – activates when you eat a piece of high-quality beef,” said Markus Miller. , Professor and San Antonio Stock Show & Rodeo Chair of Meat Science, Food Processing and Preservation in the Department of Animal and Food Sciences.

Markus Miller
(Photo courtesy of a Texas Tech University press release)

“Why would people want to eat beef when in every country on the planet it is the most expensive protein? The reason is because of what it does to you physiologically. It makes you feel warm and fuzzy. You feel happy, you feel good about yourself. And food does that to everyone.

The L GEN 2000 project will collect data from consumers in three countries using different methods of raising beef cattle, compile this data, and attempt to isolate the genes that provide consumers with the best culinary experience.

In the United States, consumers in the test project will eat 100% grain-fed beef steaks. Beef produced for testing in Ireland will be 100% grass-fed and beef in Australia will be a blend of the two, with the aim of finding out whether the different methods of raising beef cattle produce genetics different.

“This genomics project will look at beef in different production systems and link it to the genome of the meat animal,” Miller said. “We may have the same genetics everywhere and there may not be a genetic difference, but we have to know.

“Understanding the differences, or lack thereof, allows us to know how to manage feeding and production. This will help us maximize beef quality and safety with respect to all outputs such as methane, carbon and water use.

(Texas Tech University press release)

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Key Features of a Quality Squarebill Crankbait https://jamiron.net/key-features-of-a-quality-squarebill-crankbait/ Fri, 09 Sep 2022 04:48:37 +0000 https://jamiron.net/key-features-of-a-quality-squarebill-crankbait/ This is something that many people overlook when choosing and testing different square-billed lures. I’m really, really into this because if I’m going to spend my hard-earned money on a bass fishing lure, it better be the latter. This is further amplified by the nature of square-bill fishing; they’re supposed to crash into and collide […]]]>

This is something that many people overlook when choosing and testing different square-billed lures. I’m really, really into this because if I’m going to spend my hard-earned money on a bass fishing lure, it better be the latter. This is further amplified by the nature of square-bill fishing; they’re supposed to crash into and collide with hard cover, so I have absolutely no use for a flimsy hold that will be compromised after close combat.

This is why I pay particular attention to the connection between the invoice and the body. I don’t even know if that’s a real term but heck, I think I just made one. When you look at a square spout in most packages, you can tell how connected the spout, or lip, is to the body. If there’s a bunch of glue all over the joint, I’m leaving. In most cases, I’ve learned this means the bill will break prematurely after a few weeks of heavy use. Likewise, if there is a noticeable discrepancy between the bill and the body, I would advise you to stay away for the same reasons.

Speaking of bills, most packages will also allow you to see how much of the bill is placed on the body of the lure. Even today, I go to a sporting goods store to pick up a few last-minute caps and look like a fool holding the package up to my eye. But if you pay close attention, you’ll notice that some square lips are actually twisted. This means that no matter how much you set this lure it won’t run straight and if you do end up running it a bit normally it will probably blow sideways if you retrieve it too quickly. So before buying a new square ticket from a store, always inspect the ticket. For some reason, you’ll probably find several that are twisted and not worth buying.

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