stocks

oil on the boil

Oil on the boil – March 2021

Markets remained buoyant as both NIFTY & SENSEX hit new highs, SENSEX above the 50,000 mark while NIFTY is above 15,000. This move has largely been driven by liquidity due to strong FII inflows over last few months. Sentiments have further been boosted by declining COVID numbers & increased vaccination. FII have been buying heavily …

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Engineers India

Engineers India Ltd – Deep Value

Engineers India Ltd (EIL) is engaged in the business of providing engineering and related technical services for petroleum refineries and other industrial projects. The company is into other areas such as pipelines, petrochemicals, oil and gas processing, offshore structures and platforms, fertilizers, metallurgy and power. The company is providing services from concept to commissioning and …

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IRCTC

Indian Railway and Tourism Corporation Limited – Connecting online

Indian Railway Catering and Tourism Corporation (IRCTC) was incorporated as ‘Indian Railway Catering and Tourism Corporation Limited’ on September 27, 1999, as a public limited company under the Companies Act, 1956. As a Central Public Sector Enterprise wholly owned by the Government of India and under the administrative control of the Ministry of Railways, the …

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TDS dividend income

Why TDS is deducted on dividend income

Earlier, companies deducted dividend distribution tax and handed over the funds to the shareholders. Budget 2020 tweaked the tax law this financial year and made dividends taxable in the hands of investors at the individual tax rate of the investor. However, companies were asked to deduct TDS. To give relief to small taxpayers, only dividend income …

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stock markets

Stock markets on a COVID booster dose

Even as the Indian economy gradually opens up, there has been a constant rise in daily COVID cases with the number now touching 1 lakh/day in India from ~60,000/day last month. This is in contrast to the global scenario which has seen a decrease in numbers over the last month. Thus India currently lies in …

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Midhani

MIDHANI – Mini ratna, Max strength

Mishra Dhatu Nigam Limited (MIDHANI) is one of the leading manufacturers of special steels, super alloys and only manufacturer of titanium alloys in India. These are high value products which cater to niche end user segments such as defence, space and power. It has emerged as a ‘National Centre for Excellence’ in advanced metallurgical production …

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Aegis Logistics

Aegis Logistics Ltd – Transporting Energy

Aegis Logistics Ltd (Aegis) is a leader in oil and gas logistics. The services provided by the company include sourcing of product, storage and port operations, arranging road and pipeline movement, shipping, and integrated supply chain management. The Company also charges its customers for using various other facilities like jetty operations, loading and unloading. Aegis …

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