Zerodha - Online stock trading at lowest prices from India's first

Zerodha - Online stock trading at lowest prices from India's first Unlimited free equity delivery trades. No strings attached.
- Rs 20 flat for F&O and equity intraday trades.
- Hand crafted trading platforms.

Buy Manappuram Finance Ltd. at a price target of Rs 95 and a stop loss at Rs 73
06/08/2016

Buy Manappuram Finance Ltd. at a price target of Rs 95 and a stop loss at Rs 73

06/08/2016

Buy call on PVR Ltd. with a target price of Rs 1350.0. The current market price of PVR Ltd. is 1240.0.

06/08/2016

Analysts said traders holding long positions should continue to hold them for the next target at 8,700 with a trailing stop loss at 8,590, which was Friday’s intraday low.

05/08/2016

Faster economic growth seen in the long term

Adi Godrej, the most forceful proponent of GST, thinks that the GDP growth rate will soon be in double digit with the unified tax system. A study done by NCAER that explores the impact on growth due to reduction in direct cost and cost reduction on capital inputs pegged the improvement in growth rates between 2 to 2.5 per cent. Others have estimated the Indian economic growth between 1.5 to 2 per cent faster under the new tax regime.
While these projections can come true over the long-term, it is doubtful if there will be an immediate improvement in the growth rate of the economy. In fact growth can slow down in the initial phase of the GST roll-out before the longer term benefits kick-in.

Negative impact in the short term

The primary reason why growth can be affected, at least in the first year, will be because the tax on services that account for around 60 per cent of the GDP, is expected to increase under GST while taxes on manufactured products that make up 17 per cent of the GDP can move lower. There is a typical tendency to pre-pone consumption if taxes are expected to move higher. But in this case, since most services are non-discretionary and since tax rates on good can move lower, output can contract slightly following the roll-out.

A panel regression analysis done by Sonal Verma and Neha Saraf of Nomura on 11 countries for the period between 1961-2015 to study the impact of change in effective tax rate shows that for countries where tax rates moved higher, GDP growth picks up in the year prior to the GST implementation (year T-1), likely reflecting preponement of consumption in anticipation of higher prices. “This is followed by a temporary (though insignificant) negative impact on GDP growth due to weaker consumption in the year T, as firms pass on tax increases into higher output prices. Beyond that, growth does rebound, perhaps due to efficiency gains from a more streamlined tax structure and better tax

05/08/2016

Deepak Fertilisers to invest ₹550 crore in new Dahej plant

Deepak Fertilisers and Petrochemicals Corporation plans to set up 1.48 lakh tonnes per annum nitric acid manufacturing facility at Dahej in Gujarat with an investment of ₹550 crore.
The project is scheduled to be completed by the second half of 2018.

Currently, the company has a manufacturing facility at Taloja in Maharashtra to produce 8.40 lakh tonnes per annum of nitric acid.

However, most of acid produced is used for captive purpose with only 1.60 lakh tonnes per annum made available for merchant sale.

Sailesh Mehta, Chairman, said the new facility would be the first step to develop a mega multi products site at Dahej which will cater to the growing demand of intermediates and specialty chemical manufacturers in India.

The company caters to dyes, defence, agrochemicals, nitro-aromatics and pharma sectors.

“Some of our key customers have already announced their expansion plans, and thus, we are expecting a rise in demand for nitric acid. We are aligning our expansion plans to the expected growth in our customers demand,” said Paresh Trivedi, President, Chemicals Business.

With most of Deepak Fertilizers manufacturing facilities including chemicals, TAN (Technical Ammonium Nitrate) and fertilizers are based in Maharashtra, this will be its maiden foray into Gujarat.

“In the recent past, there have been significant developments which have led to rise in nitric acid demand in the Gujarat region.

A manufacturing facility at Dahej will bring us closer to key customers,” said Trivedi.

Address

Machilipatnam
521001

Telephone

9177798228

Website

Alerts

Be the first to know and let us send you an email when Zerodha - Online stock trading at lowest prices from India's first posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Zerodha - Online stock trading at lowest prices from India's first:

Shortcuts

Share

Category