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Alpha Value Investing, Bishnupur (2026)

05/04/2024

What is your favourite Investment Option?
1.Equity 2.Bank FD
3.Mutual fund 4.PPF
5.Endowment Policy 6.Gold 7.Land

24/09/2021

ITR filing due date for AY 2021-22 extended
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The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July, 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September, 2021, is now further extended to 31st December, 2021.

The due date of furnishing of belated/revised Return of Income for the Assessment Year 2021-22, which is 31st December, 2021 as extended to 31st January, 2022, is now further extended to 31st March, 2022.

02/09/2021

DRONE FLYING POLICY GETS SIMPLIFIED FOR CIVILIANS
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Drones or Unmanned Aircraft Systems (UAS) have been in the talks for it’s usage in various sectors such as commercial, industrial, agriculture, defense, and other sectors.

UNION CIVIL AVIATION MINISTER BRIEFS

The Indian Government has laid out a more liberalized policy for the usage of drones which would open up doors for innovation in the segment. This policy may make drone operations easier for civilian drone operators.

As per media reports, Minister for Civil Aviation, Jyotiraditya Scindia said with these norms in place cities could soon witness the running of air taxis.

The officials in the Ministry of Civil Aviation said that these would ensure ease of using unmanned aerial vehicles (UAVs) as several of the regulations have been done away with.

News reports said that Scindia, while briefing media on the issue, said the new rules aimed at simplifying procedures and reducing the compliance burden for drone operation. “We are all set to usher in a new era of drone usage in India… Our aim is to make India a global drone hub by 2030,” he said.

NEW POLICY EXPLAINED

The Government will offer two types of licenses – Student Remote Pilot Licence and Remote Pilot Licence for which the minimum age to apply for both student and remote pilot licenses is 18 years and the maximum age at which you can obtain a license is 65 years.

A student license is valid for a period of five years and can be renewed only for an additional period of 2 years. The applicant should have passed Class 10 or its equivalent examination from a recognized Board.

In the case of a remote pilot license, it is valid for 10 years and can be renewed for another 10 years with each renewal application.

Under India’s new drone rules, you do not require security clearance to operate and fly mini drones and nano drones in the air.

Nano drones that are less than 250 gm are exempted from obtaining any license. In addition, no remote pilot license is required for micro drones for non-commercial use. However, one needs to ensure that you do not fly it beyond 50 ft (15m) AGL.

The new maximum penalty for drone-related non-conformity stands at Rs 1,00,000 in India.

BUZZING STOCKS

As per analysts, Zen Technologies and DCM Shriram Industries are reportedly working in the drone business therefore, the share of these companies were buzzing.

Heavy lift logistics drones (HLLDs) from Zen Technologies reportedly offer advanced capabilities to fulfil the role of providing reliable logistics support in typically challenging environments and even in combat situations.

Meanwhile, DCM Shriram recently signed an agreement with Turkish UAV manufacturer and drone maker Zyrone Dynamics.

01/09/2021

10 New Stocks Added In F&O Segment:
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10 new stocks have been added to the F&O segment from the expiry of August series and will be available for trading in the September Series in the F&O Segment.

&OTrading

01/09/2021

Update On Peak Margins Starting 1st Sept, 2021
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As per SEBI’s Peak Margin norms, starting 1st Sep, 2021, customers are expected to have 100% of the peak margin available with the broker i.e intraday leverage provided for Equity Cash will be upto 5X and F&O Intraday would be 1X going forward.

There is no change in Equity Cash Delivery or F&O Overnight margins.

Q. What is Peak Margin?

Previously, margin reporting by brokers used to happen only at the end of the day for all the carry-forwarded trades executed by the customer on that particular trading day. Because of this brokers were able to provide higher leverages in intraday (MIS), cover order (CO) and bracket order (BO).

Customers were able to trade with lower margins from the prescribed limit of VAR (Value-At-Risk) + ELM (Extreme Loss Margin) for equities and SPAN + Exposure for F&O. Leverages lead to risk at the broker’s end as there could be cases where the customers might not be able to provide the margins at the end of the day.

If the customer doesn’t provide the margin it leads to a shortfall. In order to solve this problem, SEBI has now mandated all brokers to report the margins multiple times during the day as compared to just once at the end of the day.

&OTrading

10/08/2021

What is an IPO grey market?

The grey market, or parallel market, is a place where shares of a company are bought and sold outside the official trading channels.

Usually, companies that decide to launch an IPO decide to test waters in the grey market. They do so for various reasons such as to check the demand for the impending IPO or to gauge what the IPO valuation should be.

This unregulated marketplace was established to trade stocks waiting to be listed on larger exchanges or to trade those unable to qualify for the big exchanges.

Not every stock is associated with an IPO. Some grey market stocks are issued by start-up or spin-off companies looking to test the waters before spending the time and money to be listed on a major exchange.

There might also be stocks which at one point traded on the big, recognized exchanges but have since suffered financial misfortunes or failed to meet Securities and Exchange Commission requirements.

Although grey markets are not illegal, they are not authorized or controlled in the usual way. That means SEBI, stock exchanges and brokers are not involved or back these transactions taking place in the grey market. Therefore, there’s little legal recourse available to parties if the stock tanks.

The grey market is an over-the-counter market where dealers may execute orders for preferred customers as well as provide support for a new issue before it is actually issued.

This activity allows underwriters and the issuer to determine demand of the company. This helps them get a sense of what the IPO valuation can be.

The grey market avoids advertising and frequent trading activity records cannot be found either. In many cases, stocks on the grey market are too new to have histories

10/08/2021

WHAT IS KOSTAK?

Kostak (or price of application) is the premium amount at which IPO applications are being traded for in the grey market.

In other words, Kostak rate is a profit one makes by selling his/her IPO application even before allotment or listing of the issue.

It is especially useful for people who do not want to take a risk with IPO allotment or listing gains.

In simple terms, if you have a demat account but you don't want to subscribe an IPO, you can sell your application to an interested buyer in the grey market. Under these circumstances, your application will be subscribed by the buyer on your behalf and she will pay you a certain amount for that. The profit you make is kostak rate.

Kostak rates vary depending on the IPO. The advantage is that the buyer may gain or lose her money, but you will get a fixed kostak rate.

11/07/2021

Top 5 Mutual Funds For Children's Education To Invest In 2021

(Disclaimer: Investment in MF is subject to market risk, Please consult your Investment Advisor before investing)

22/06/2021

If you open the Notices page on the BSE or the NSE you will find a list of companies that have been transferred to the Trade-to-Trade Segment. This is also referred to as the T2T segment and this decision to transfer shares to the T2T segment is normally taken by the exchanges in consultation with SEBI. The normal idea behind the shifting to T2T is to curb unnecessary speculation in the stock. SEBI is always wary of volatile stocks as retail investors are vulnerable to getting caught in the erratic price movements.

Q. So what is a trade to trade stock? Trade to trade stocks (T2T) represents a segment where any purchase or sale has to result in compulsory delivery. That means intraday squaring of positions are not permitted on T2T stocks as that could increase speculation in these stocks.

Q.What are the criteria for transferring shares to T2T segment?
Without getting too much into the technicalities, some of the key parameters for transferring shares into the T2T segment are as under:

Only stocks that are not available for trading in the F&O segment are considered for transfer T2T segment. That means; stocks that are available for F&O trading will not be shifted to the T2T segment.

Shifting of shares to the T2T segment is normally done on a fortnightly basis while on a quarterly basis the exchange decides to shift to and from the T2T segment. This decision is taken by the exchanges in consultation with SEBI.

The decision to transfer a stock to the T2T segment will not be done based on any one criterion but by the combination of 3 different criteria and each of these criteria will be used conditionally.

The first criteria for shifting to T2T segment is P/E overvaluation. In the case of the BSE, if the Sensex P/E is in the range of 15-20 and if the stock has a P/E of over 30, then the stock will be considered for shifting to T2T. The EPS considered for calculating the P/E will be the trailing EPS of the last four quarters.

The second criterion is price variation. If the price variation of the stock is nearly 25% more than the Sensex or the particular sectoral index to which it is benchmarked then stock will be considered for shifting to T2T. The variation must be in the same direction as the Sensex.

The third criterion is the market capitalization of the stock. If the market cap falls below Rs.500 crore then it will be considered for shifting to the T2T segment. The idea here is to curb speculation in stocks that could be vulnerable to price manipulation due to their small size. IPOs are normally excluded from these T2T criteria.

Remember, just as companies can be shifted to the T2T segment, companies can also be shifted back from the T2T segment to the normal segment. This is part of the quarterly assessment review done by the exchange along with the regulator.

Q. What happens to a stock when it is shifted to the T2T segment?

When a stock is shifted to the T2T segment, only delivery trades are permitted on the stock. No intraday squaring will be permitted since intraday does not entail delivery of the stock.

Here are the key points you need to know about dealing in T2T stocks:

1. When you buy a stock that is under T2T trading, and then you have to compulsorily take delivery of the stock. That means you have to pay the stock value by EOD. Otherwise, the broker will have to sell your shares on T+2 in the market and debit the loss to you. You may also be penalized by the broker.

2. When you sell a T2T stock, it is more important to check that you already have delivery in your demat account. Once you have sold the shares you cannot even buy it back as intraday is not permitted in these T2T stocks. If you are unable to give delivery on T+2 date then it goes into auction and losses could be quite large, apart from penalties.

3. Remember, intraday trading is not permitted in T2T stocks. Normally broker trading systems will warn you about T2T stocks but once you buy or sell a T2T stock there is no scope for covering your position. You have to necessarily take or give delivery.

4. In the broking industry, BTST and STBT are quite common. You essentially buy today and sell tomorrow or you sell today and buy tomorrow. In both the cases, you are essentially taking an overnight risk on the stock. But in case of T2T since all trades have to essentially result in delivery, there is no scope for you to do either BTST or STBT trades.

Q. What are the Z-Group Stocks?

Z-group stocks are only delivery based. Z group stocks have a larger fundamental problem in the sense that they have not complied with the listing agreement. T2T stocks are better than Z group stocks.
When a stock is shifted to T2T segment, the circuit filters are pegged in the range of ±5%. This ensures that the volatility in these stocks is automatically curbed up to a level. That is the core purpose behind shifting to T2T segment anyways.

15/06/2021

ADANI GROUP Stocks ware hit hard in yesterday's trading session by 5-25% on the back of rumours of frozen DMAT Accounts(by NSDL) of few of its FPIs, all incidentally based in Mauritius.

15/06/2021

Retail Inflation soars to a 6 months' high to 6.3% discomforting the Central Bank to take measures to tame the rising price level.

14/06/2021

10 Upcoming IPOs : These are Companies That Have Received SEBI’s Approval

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