Issue 129, Weekly Wealth Newsletter: 12th Feb 2024 – 19th Feb 2024
There are too many Young Indians are getting into Intraday, Futures and Options.
Many people feels that they are an expert when their calls go right for short time and then they make money.
Sebi released a detailed study on the P&L of individual traders in Futures & Options.
- No of F&O traders zoomed – 7.1 lakh (FY19) to 45.2 lakh (FY22)
- 89% made losses in FY 22. Avg loss of 1.1 lakh.
- 11% made profit. Avg of 1.5 lakh.
- Top 1% traders account for 51% of netprofit
- 9 Out of 10 Individuals makes losses in Trading & Speculating
Stop Speculating and Start Investing wisely!!
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Take advantage and grow with Indian Stock market
Weekly Market Update
Domestic equity markets fell during the week after witnessing a rise in the previous week as key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.68% and 0.33% respectively
The small-cap segment also closed the week in red, however, the mid-cap segment closed the week in green with healthy gains.
Domestic equity markets fell following the reports of better-than-expected U.S. non-farm payrolls figures in Jan 2024 that raised doubt on the likelihood of an early interest rate cut by the U.S. Fed.
Even though the RBI held the policy repo rate at 6.50% for the sixth time in a row at its monetary policy meeting that concluded on Feb 08, 2024, the losses were extended in the lack of any significant indication of a rate reduction.
On the BSE sectoral front, S&P BSE Oil & Gas experienced a rise of 3.80% supported by a persistent rally in oil marketing companies. The sector held a modest advance as the market weighed down geopolitical risks in the Middle East.
S&P BSE FMCG fell 2.26% because of lower than-expected earnings of some leading companies in Q3FY24.
Mutual Fund Corner
Investment Strategy – HSBC Multi Asset Allocation Fund
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Stock of the Week
ITC
CMP – 415
Target – 480 ( In 12 – 18 Months Time Frame)
Established in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri-Business
Nil Debt Company with Strong Long Term Fundamental Strength
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 23.77%
However, Flat Financial results for 2023 is a concern for ITC
High Institutional Holdings at 85.29%
Healthy long term growth as Net Sales has grown by an annual rate of 8.27%
Stock is providing a good dividend yield of 3.07%.
Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
For your Equity recommendation – open a De Mat account with Angel Broking with this link
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This week Media Publications
Top 4 Best Stock Pick for 2024
Where to Invest, Business Vs Mutual Funds?
ITC Stock has fallen by 20%, Should you invest now?
3 Golden Rule to Create 1 Crore Corpus
Safe Investment Option for Beginners.
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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.
