Weekly Wealth Report
Issue 159, Weekly Wealth Newsletter: 9th Sep 2024 – 16th Sept 2024
(Weekly Wealth Newsletter and a Private Circulation from Creating Wealth Company)
Curated by
Mr. Sathish Kumar
Founder – Creating Wealth Company
Crorepathi Creator | Financial Consultant | Author | Speaker | Columnist | Youtuber
Phone – 9841058689
Mail – creatingwealthadvisory@gmail.com
Web – www.sathishspeaks.com
Issue 159, Weekly Wealth Newsletter: 9th Sep 2024 – 16th Sep 2024
It’s raining IPO’s in Stock Market, But IPO’s still a worthy investment?
Investors will have 16 IPO Opportunity to invest in Sep 2024. These companies aiming to raise whopping 9,000 Crores, which include Bajaj Housing Finance IPO (Which is largest with 6500 Crores)
The entire Investor Fraternity gushing with IPO Fever, whenever the Stock market is at 52 weeks High with positive sentiments, Companies and investment bankers capitalise this with IPO. But not all IPOs are offer listing gains to Investors.
IPOs are excellent opportunities to make quick money or gain longterm profits. However, before investing in an IPO, you must analyse certain factors, such as the issuing company’s fundamentals, offer objectives, valuation and Grey Market Premium. Many beginners
fail to do this analysis.
There are few success stores in IPO’s and there are plenty of failures as well. It is always important to do through Analysis, Risk Evaluation and decide about IPO Investing.
Call us @ 63795 18807 to Handpick High Performing Funds and Stocks for your Portfolio
Weekly Market Pulse
- Domestic equity markets fell after witnessing rise for three consecutive weeks as key benchmark indices BSE Sensex and Nifty 50 fell 1.43% and 1.52%, respectively. The fall was broad-based as the mid-cap segment and the small-cap segment closed the week in red.
- Domestic equity markets fell amid weak global cues as sentiments were dampened following weak U.S. manufacturing data of Aug 2024, which reignited concerns over an economic slowdown in the world’s largest economy.
- Losses were extended as investors remained cautious ahead of the crucial U.S. jobs report which would provide insights into the potential magnitude of the Federal Reserve’s anticipated rate cut in its Sep 2024 meeting.
- On the BSE sectoral front, BSE PSU fell 3.88% due to profit booking by investors on concern over high valuations, despite disappointing earnings of state-run companies.
- BSE Metal slipped 3.49% as investors preferred to avoid cyclical metal sector amid concerns over potential economic slowdown in the U.S and low demands for metal in China.
Mutual Fund Corner
ICICI Balanced Advantage Fund
ICICI Balanced Advantage Mutual Funds are deemed suitable for investors who have a low-risk appetite but want to enjoy steady returns on their investments.
This Hybrid Fund helps such investors to even out the risk that comes along with investing in just one type of asset class.
Why to consider ICICI Pru Balanced Advantage Fund?
- Low Beta Fund
- Ready Made Portfolio with Automatic Asset Allocation & Rebalancing
- Entry and Exit at any point
The purpose of these funds is to enhance and diversify an investment portfolio through Auto Asset Allocation across Debt & Equity. This will ensure your portfolio yield reasonable returns with very low volatility. Investors who wish to participate in equity markets with relatively conservative approach can invest in this scheme
To invest in SIP & in Mutual Funds Click the link and start your investments instantly
( You can also call us @ 7810079946 )
Stock of the Week
TCS CMP – 4471 Target – 5499 ( In 12 – 18 Month’s Time Frame)
Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 47.4%
High Institutional Holdings at 23%
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 40.36%
The company has declared positive results for the last 6 consecutive quarters
Healthy long term growth as Net Sales has grown by an annual rate of 10.18%
Multiple factors for the stock are Bullish like MACD, Bollinger Band, KST and DOW
For your Equity recommendation – open a De Mat account with Alice Blue with this link
This Week Media Publications
Click here to Visit Nanayam Vikatan Article by Sathish Kumar
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This Newsletter is from Creating Wealth Company – For Private Circulation only.
For more information connect with Sathish Kumar @ 9841058689
You can also connect with us investments@sathishspeaks.com
Visit – www.sathishspeaks.com for More Details.
Disclaimer
Mutual Funds and Stock Market Investments are subject to market risks, pls read all scheme-related documents carefully. The past performance of the mutual fund is not necessarily indicative of future performances. Mutual fund does not guarantee any returns or dividends.
This report is for informational purposes only and contains information, opinions, and material obtained from reliable sources every effort has been made to avoid errors and omissions and is not to be construed as advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments, we shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means is prohibited.
