Pharma stock announces 1930% special dividend. 5 things you should know

  Dividend paying stock: Sanofi India will trade ex-dividend on 5th August 2022 as 6th and 7th August are Saturday and Sunday  respectively.

 Dividend paying stock:The board of directors of pharma company Sanofi India has recommended special dividend of ₹193 against face value of ₹10 per equity share (1930 per cent) for the financial year ending 31st December 2022. The company board announced the decision after its scheduled board meeting held on 26th July 2022. the board also fixed 8th August 2022 as record date for one time special dividend payment.

Sanofi India informed Indian bourses about the special dividend payment citing, "The Board of Directors of the Company at its Meeting held today has declared One-Time Special Interim Dividend of Rs. 193 per equity share of Rs. 10 each for the financial year ending 31st December 2022. The Meeting of Board of Directors commenced at 2.00 p.m. and concluded at 5.10 p.m. As informed earlier the Company has fixed 8th August 2022 as the record date for the purpose of payment of the One-Time Special Interim Dividend. The said dividend will be paid on or after 22nd August 2022."

Here we list out 5 things that Sanofi India shareholders should know:

1] Special one time dividend:The company board has announced one time special dividend of ₹193 per equity share.

2] Sanofi India dividend record date:The record date for one time special dividend payment has been fixed on 8th August 2022.

3] Sanofi India dividend ex- date:Sanofi India will trade ex-dividend on 5th August 2022 as 6th and 7th August are Saturday and Sunday respectively.

4] Dividend payment:  The said dividend will be paid on or after 22nd August 2022.

5] Dividend yield: Earlier on 12th April 2022, Sanofi India shares had trade ex-dividend for payment of ₹181 per equity share final dividend and ₹309 per share for special dividend, net dividend announced by the company in the year 2022 is ₹683( ₹193 + ₹309 + ₹109). Sanofi India share price today is ₹6,600 per share, this means current dividend yield of the stock in 2022 is whopping 10.35 per cent [( ₹683 / 6600) / 6600].

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There are many benefits of filing income tax return: File ITR even if your annual income is less than 2.5 lakhs, it gives easy loan

 Few days are left to file Income Tax Return (ITR) for the year 2021-22. You have to file ITR by 31st July. Many people believe that if their annual income is less than 2.5 lakhs and they do not come under the tax net, then they do not need to file ITR, but it is not so.

Even if you do not come under the income tax net, you should still file returns, because if you file ITR, then it gives you many benefits. Filing ITR makes it easier to get a loan. Apart from this, it is also necessary for visa. We are telling you about the benefits of filing ITR.

Ease of getting loan: ITR is proof of your income. It is accepted by all banks and NBFCs as income proof. If you apply for a bank loan, many times banks ask for ITR. If you file ITR regularly, then you can easily get loan from the bank. Apart from this, you can easily avail other services apart from loans from any financial institution.

Required for Visa If you are going to another country, you may be asked for an income tax return when you apply for a visa. Visa authorities of many countries ask for ITR of 3 to 5 years for visa. Through ITR, they check that the financial status of the person who wants to come to their country is.

If tax has been deducted from your income and deposited with the government for claiming tax refund , you cannot get it back without filing ITR, even if your income is within the basic exemption limit for income tax. If you want to claim tax refund, then it is necessary to file ITR for this. When you file ITR, the Income Tax Department does its assessment. If your refund is made, it is directly credited to the bank account.

Works as an Address Proof: The

ITR receipt is sent to your registered address, which can act as an address proof. Apart from this, it also acts as income proof for you.

It is easy to carry forward the loss

if you invest in shares or mutual funds and you have a loss, then to carry forward the loss to the next year, it is necessary to file income tax return within the stipulated time frame, because next year if you have If there is a capital gain, then this loss will be adjusted against this benefit and you can get the benefit of tax exemption on the profit

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Trade setup for today, 20th July 2022: Things to know before stock market's Opening Bell today

 Trade setup for Wednesday: In case of any declines, the immediate support for Nifty will be seen around the hourly 20-EMA around 16,220, say experts.

Trade setup for today: NSE has added Delta Corp stock under its F&O ban list for trade date 20th July 2022

Trade setup for today, 20th July 2022: After showing sharp upside move on Monday, both Sensex and Nifty shifted into a choppy movement with positive bias on Tuesday. However, Indian stock market managed to end in green territory for third successive day on Tuesday. Nifty 50 index gained 62 points and finished at 16,340 whereas BSE Sensex added 246 points and finished Tuesday’s session at 54,768 levels. Nifty Bank jumped 1 per cent and closed at 35,720 mark. 

After showing sharp upside move on Monday, both Sensex and Nifty shifted into a choppy movement with positive bias on Tuesday. However, Indian stock market managed to end in green territory for third successive day on Tuesday. Nifty 50 index gained 62 points and finished at 16,340 whereas BSE Sensex added 246 points and finished Tuesday’s session at 54,768 levels. Nifty Bank jumped 1 per cent and closed at 35,720 mark. 

Global cues

On Wall Street, Dow Futures rise as robust earnings pushed positive sentiments. After the end of Tuesday session, Dow Jones ended 2.43 per centhigher whereas tech heavy Nasdaq went up 3.11 per cent. S&P 500 went 2.76 per cent northward while Small Cap 2000 recorded 3.48per cent intraday gain on Tuesday session. But, European shares fell on Tuesday, hit by worries about a hawkish European Central Bank and slowing economic growth. The euro rose to its highest level in about two weeks after news reports that the European Central Bank (ECB) may consider raising interest rates on Thursday by 50 to 75 bps to counter worsening inflation. However, Asian shares were mixed Tuesday, as investors weighed oil prices, inflation worries and corporate earnings.

Asian markets in early morning session   In early morning deals on Wednesday, the Japanese Nikkei is up 2.12 per cent, Hong Kong's Hang Seng is down 0.89 per cent whereas Chinese Shanghai is trading choppy with 0.01 per cent loss.

SGX Nifty technical outlook

SGX Nifty today is quoting 114 points higher from its Tuesday close, indicating a positive opening for the Indian markets when it opens today at 9:15 AM.

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Day trading guide for Monday: 6 stocks to buy or sell today — 18th July

 Day trading guide for Monday: For a decisive upside move, Nifty needs to break its upper hurdle placed at 16,250 levels, say experts.

Day trading guide: Nifty bounced back from its support zone of 15,800 to 15,850 levels. However, it has strong resistance placed at 16,250 to 16,300 zones, say experts

Day trading guide for Monday: On account of dollar index climbing to 20-year high and fears of economic slowdown gaining momentum after the US inflation hit 41-year high, Indian stocks ended in red zone on four out of five sessions last week. Nifty 50 index recorded weekly loss of 1.06per cent whereas BSE Sensex ended last week with 1.32 per cent loss. Volatility index India VIX lost 4 per cent on Friday and ended at 17.60

According to stock market experts, small body of positive candle was formed on the daily chart with long lower shadow. Technically, this pattern indicate hammer type candle pattern (not a classical one). Normally, a formation of hammer after a Reasonable upside move or decline could indicate possible trend reversal on either side. Hence, one may expect upside bounce from here.

Day trading guide for stock market today: On day trading guide for Nifty today, Chinmay Barve, Head — Technical and Derivative Research at Profitmart Securities said, "In last two trading sessions; Nifty has managed to bounce back from its crucial support zone of 15,800 to 15,850 levels. However the Nifty has strong resistance placed at 16,250 to 16,300 zones, which needs to be surpassed for any decisive directional up move to take place."

"The positive chart pattern like higher tops and bottoms is intact and the swing low of Thursday at 15,858 could now be considered as a new higher bottom of the sequence. The said higher low was formed at the key lower support of ascending trend line around 15,850 levels (connected from the swing lows of 17th June and 1st July). Hence, this could mean chances of more upside in the short term," said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.Explaining the Nifty Bank chart pattern, Mehul Kothari, AVP — Technical Research at Anand Rathi said, "Nifty Bank index slightly under performed the benchmarks by falling around 1.25 per cent and closing below 35,000 mark. Previously we discussed that going ahead; 35500 – 36000 zone would be a real test for the bulls since we have a placement of 200 day moving averages also there. In line with the view; index took turn from 35500 and hence we maintain our stance. Only a move above 35500 might bring in some optimism in the markets. On the downside; the trigger point could be 34300 which is the gap area and a breach of the same could bring in some softness or profit booking in the banking stocks."

Day trading stocks:Sharing intraday stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mehul Kothari of Anand Rathi and Avinash Gorakshkar, Head of Research at Profitmart Securities — recommended 6 shares to buy today.

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HCL टेक का जून तिमाही में प्रॉफिट 2.4% बढ़कर 3,283 करोड़ रु. पर पहुंचा, राजस्व में 17% की बढ़ोतरी

 एचसीएल टेक्नोलॉजीज ने मंगलवार को जून तिमाही के नतीजे घोषित किए। HCL का इस तिमाही में कंसोलिडेटेड नेट प्रॉफिट सालाना आधार पर 2.4% बढ़कर 3,283 करोड़ रुपए पर पहुंच गया। पिछले साल की समान तिमाही में ये 3,205 करोड़ रुपए था। इस तिमाही के लिए राजस्व 16.92% बढ़कर 23,464 करोड़ रुपए हो गया, जो पिछले साल की समान तिमाही में 20,068 करोड़ रुपए था।

RBI ने ओला फाइनेंशियल सर्विसेज पर 1.67 करोड़ का जुर्माना लगाया

भारतीय रिजर्व बैंक (RBI) ने मंगलवार को ओला फाइनेंशियल सर्विसेज प्राइवेट लिमिटेड पर 1.67 करोड़ रुपए का मौद्रिक जुर्माना लगाया है। प्रीपेड पेमेंट इंस्ट्रूमेंट (PPI) पर मास्टर निर्देशों के कुछ प्रावधानों का पालन न करने पर ये जुर्माना लगाया गया है।

RBI ने कहा, 'यह देखा गया कि ओला KYC रिक्वायरमेंट पर RBI के जारी निर्देशों का अनुपालन नहीं कर रही थी। इसलिए ओला को नोटिस जारी किया गया था। नोटिस में कहा गया था कि वह कारण बताए कि निर्देशों का पालन न करने के लिए जुर्माना क्यों नहीं लगाया जाना चाहिए। ओला के रिस्पॉन्स पर विचार करने के बाद RBI ने मॉनिटरी पेनल्टी लगाने का फैसला लिया गया।'

IIP ग्रोथ मई में बढ़कर 19.6% पर पहुंची

इंडेक्स ऑफ इंडस्ट्रियल प्रोडक्शन (IIP) के अनुसार, भारत की इंडस्ट्रियल ग्रोथ मई में बढ़कर 19.6% हो गई, जो अप्रैल में 7.1% थी। 19.6% की इंडस्ट्रियल ग्रोथ एक साल में सबसे ज्यादा है। हालांकि इसे फेवरेबल बेस इफेक्ट की मदद मिली है। मई 2021 में IIP ग्रोथ 27.6% थी।

सेंसेक्स 508 अंक लुढ़ककर 53,886 पर बंद हुआ

आज के कारोबार में सेंसेक्स और निफ्टी दोनों इंडेक्स कमजोर होकर बंद हुए। सेंसेक्स 508.62 अंक यानी 0.94% की गिरावट के साथ 53,886.61 पर बंद हुआ। वहीं अगर निफ्टी की बात करें तो ये 157.70 अंक यानी 0.97% लुढ़ककर 16,058.30 पर बंद हुआ है । आज इंफोसिस, नेस्ले इंडिया, HCL टेक और हिंदुस्तान यूनिलीवर टॉप लूजर रहे। इससे पहले सोमवार को भी शेयर बाजार में गिरावट देखने को मिली थी

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Positive trend in the fund AUM rose 14% to Rs 37.75 lakh crore in the June quarter

Despite the global slowdown, FII's exit, and the downturn in equities

Despite the global slowdown, continued exit by foreign investors and declining equity, the flow of investment by domestic investors has continued, leading to a positive trend in mutual funds with AUM growing by 14 per cent to Rs 37.75 lakh crore in the June quarter.Despite the global slowdown, continued exit by foreign investors and declining equity, the flow of investment by domestic investors has continued,leading to a positive trend in mutual funds with AUM growing by 14 per cent to Rs 37.75 lakh crore in the June quarter.

SEBI has stopped launching NFOs until new systems related to pool accounts are decided and the regulator has set a July 1 deadline for implementation of the new system. AUM reflects the growing confidence of investors as well as the essential financial inclusion service that the industry provides.

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Trading dries up on India crypto exchanges, Sebi shifts focus to monitoring AIFs and more

 Three exchanges -- ZebPay, WazirX and CoinDCX -- suffered declines of between 60% and 87% in the value of daily trading immediately after the 1% tax deductible at source became effective on July 1, data from CoinGecko show. A fourth, Giottus, saw trading sink 70%, its chief executive said.

Warnings from Indian crypto exchanges that a controversial new transaction tax would erode trading are coming true, with volumes evaporating since the levy took effect. 

Those steep declines came from already depressed trading levels, as a combination of plunging prices, unfavorable tax treatment and difficulty getting cash onto exchanges combined to depress the once-hot market. 

Binance-backed WazirX, for example, did $3.8 million worth of trading on July 2, the day after the tax known by the acronym TDS took effect, CoinGecko data show. In early July last year, it would have taken less than two hours of trading to reach that mark. (Crypto exchanges trade 24 hours a day, seven days a week). 

While long-term crypto holders are still buying and selling, market makers and high-frequency traders are “gone," said WazirX Vice President Rajagopal Menon.Traders are also doing more peer-to-peer trading and migrating to so-called decentralized exchanges, he said. 

The government introduced a tax regime for digital assets in February, consisting of the TDS and a flat 30% tax on income from crypto investments. It also banned offsetting of losses on such assets, treating them differently from stocks and bonds. this story has been published from a wire agency feed without modifications to the text.

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EQUITY CALLS SUMMARY & IDEAL CLOSING BUZZ:-

NIFTY UP (+35.70) @11464.00

BANK NIFTY DOWN (-16.30) @28538.80

SENSEX UP (+92.90) @38598.99 

USDINR, CMP @71.3775 (-0.1600)

SUMMARY:-

RESEARCH 1 TODAY CALLS UPDATE:-

CASH BASIC – TOTAL GIVEN CALLS – 02

ICICIPRU – FINAL TGT HIT

CUMMINSIND – 1st TGT HIT

FUTURE BASIC – TOTAL GIVEN CALLS - 03

MCDOWELL – 1st TGT HIT

BHARAT FORGE – STOP LOSS TRIGGER

HCLTECH – 1st TGT HIT

OPTION BASIC – TOTAL GIVEN CALLS - 01

SUNTV 500 CE – 1st TGT HIT

FUTURE HNI – TOTAL GIVEN CALLS – 01

ESCORTS – STOP LOSS TRIGGER

FUTURE IDEAL – TOTAL GIVEN CALLS – 00

 RESEARCH 2 TODAY CALLS UPDATE:-

CASH HNI – TOTAL GIVEN CALLS – 02

CEAT – 1st TGT HIT

LICHSGFIN – COST TO COST

CASH IDEAL – TOTAL GIVEN CALLS – 02

CESC – STOP LOSS TRIGGER

CEAT – 1st TGT HIT

OPTION IDEAL – TOTAL GIVEN CALLS – 01

GRASM 700 CE – FINAL TGT HIT

OPTION HNI – TOTAL GIVEN CALLS – 01

TATAELAXI 660 CE – 1st TGT HIT

MEGA DERIVATIVE – TOTAL GIVEN CALLS – 01

COAL INDIA - HOLD

INDEX FUTURE & OPTION – TOTAL GIVEN CALLS – 01

BANKNIFTY 29000 PE (17–OCT) – FINAL TGT HIT

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