Top 5 myths about investing in IPOs busted!

THE ECONOMIC TIMES Fri, Sep 23, 2016 | 04:58 AM IST ET Investment Opportunities

NOT TO MISS #Stocks In News,#Recos,#Expert Views,#IPOs,#Commodities

Top 5 myths about investing in IPOs busted! The IPOs in India are set to hit a six-year high in 2016, and are estimated to raise over $5 billion (Rs 33,500 crore), says an EY report. Equities on a high! Sensex on track to hit 75K in next 5 years Indian market stands out in the EM space supported by robust economic growth of over 7%, structural reforms initiated by the government, ease of doing business. Bet on largecap funds over midcaps for better returns; 5 funds gave 20% last 1 year Mutual funds offered by HDFC, DSP Blackrock, Mirae Asset, Birla Sun Life and Kotak have delivered absolute returns of over 20 per cent in last one year. BEL buyback offers you a chance to earn 7.7% return As per wealth managers, retail investors holding shares worth less than Rs 2 lakh, as on June 30 do not hold more than 15 lakh shares.

Advertorial Help us understand your experience with economictimes.com. Share your feedback here Fill up a 5 minute survey Advertorial The Badarpur Plant's effect on Air Pollution and why it needs to be shut down The study, which analyzed 47 plants over 16 states, established the Badarpur plant as the country's most polluting power plant.

All is not well with pharma stocks with US exposure, 10 stocks lose over 20% The constituents of the healthcare index such as RPG Life Science, Piramal Enterprises and Biocon more than doubled investor wealth in the last one year. Want to double your money in 5 years? Forget a superbike and put it in markets "We are positive on the market and expect quality stocks to continue to perform well, particularly the ones which are exposed to consumption and infrastructure space." Mindtree, Ramco among 20 biggest wealth destroyers of domestic stock market in 2016 Many of these stocks belong to companies that either have delivered poorly on the earnings front or are encountering major headwinds on the business front. QIP issue a harbinger for good times for a stock? Think again! The performance of stocks post QIPs has not been that great, a study by ETMarkets.com based on issues placed between January 2015 and August 2016 showed.

Advertorial BRICS and the new emerging economic order BRIC - the term was coined in 2001, by Jim O'Neill, of Goldman Sachs, in his publication 'Building Better Global Economic BRICs'. Advertorial 6 important changes brought about by new health insurance rules The guidelines will bolster the business framework of insurance providers, thereby offering value to the policyholders.

Gold seen entering long-term bull cycle as asset bubbles pop The metal is at the start of a multi-year bull run with a "few thousand dollars of upside" in a world of "monetary policy without limits". Mid & Smallcap stocks can outperform but largecaps should form majority of portfolio For the markets to sustain at current levels and move up on the valuations, we need strong earnings growth to come through in the remaining quarters of FY17 and in FY18.

Initial Public Offer (IPOs) IPO Name Offer Price Band Open Date Close Date   HPL Electric & Power Ltd. 175.00 - 202.00 22-09-2016 26-09-2016 AVSL Industries Ltd. 36.00 15-09-2016 28-09-2016 More >>

NFO (FMPs) Fund Name Category Type Open Close Min Inv   ICICI Pru FMP Series 79 1399D Plan S-D Debt: FMP Closed-end 13 Sep 2016 27 Sep 2016 5,000 ICICI Pru FMP Series 79 1399D Plan S-G Debt: FMP Closed-end 13 Sep 2016 27 Sep 2016 5,000 ICICI Pru FMP Series 79 1399D Plan S Direct-D Debt: FMP Closed-end 13 Sep 2016 27 Sep 2016 5,000 ICICI Pru FMP Series 79 1399D Plan S Direct-G Debt: FMP Closed-end 13 Sep 2016 27 Sep 2016 5,000 ICICI Pru FMP Series 79 1114D Plan V-D Debt: FMP Closed-end 13 Sep 2016 27 Sep 2016 5,000 More >>

Real Estate News

Realty queries answered by Gulam Zia, ED, Knight Frank India Every week, an expert selected by ET answers queries from our readers on real estate. This week, both the queries on buying flats in Mumbai.

Mahagun Developers raises Rs 110 crore from Aditya Birla Finance The company is planning to utilize the fund to repay existing high-cost non-convertible debentures, while some funds will also be utilized for general working capital purpose.

Godrej Properties acquires 12-acre land parcel in Bengaluru The project will be developed in partnership with Godrej Residential Investment Program II. This is the second project under this $275 million fund.

Tata Communications leases 60,000 sq ft office space in BKC "The company has picked up the entire 15th floor in this 20-storey building through this deal for a total tenure of five years," said a person familiar with the development.

BPTP in talks to sell Gurgaon land to Godrej Properties The real estate development arm of Godrej Group usually prefers to enter into joint development agreements to undertake projects than buying plots on outright basis.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   Sundaram Long Term Micro Cap Tax Advantage Sr III Direct-G Equity: Tax Planning Closed-end 08 Aug 2016 11 Nov 2016 500 Sundaram Long Term Micro Cap Tax Advantage Sr III Reg-D Equity: Tax Planning Closed-end 08 Aug 2016 11 Nov 2016 500 Sundaram Long Term Micro Cap Tax Advantage Sr III Reg-G Equity: Tax Planning Closed-end 08 Aug 2016 11 Nov 2016 500 Sundaram Long Term Micro Cap Tax Advantage Sr III Direct-D Equity: Tax Planning Closed-end 08 Aug 2016 11 Nov 2016 500 Mahindra Mutual Fund Kar Bachat Yojana Direct-D Equity: Tax Planning Open-ended 22 Aug 2016 07 Oct 2016 500 More >>

Views and Recommendations

Buy Housing Development Finance Corporation Ltd., target Rs 1650.0 : CLSA 22 September, 2016, 02:22 PM IST Continued support from regulators should support demand and funding for financiers. HDFC's growth should pick-up with normalisation of sell downs to HDFC Bank. buy Buy Asian Paints Ltd., target Rs 1320.0 : Bank of America Merrill Lynch 22 September, 2016, 02:20 PM IST The global investment bank maintains their view that 2H2016 could see robust volume-led growth on a revival in discretionary spends. buy Buy Tata Motors, target Rs 660: UBS 22 September, 2016, 02:15 PM IST Given expanding product line-up, increased localization, Tata Motors should grow better than the market, said the UBS note. buy Outperform Hindalco Industries, target Rs 177: Credit Suisse 22 September, 2016, 02:11 PM IST Credit Suisse believes that hedging gains could still add US$60/t to EBITDA this year. Outperform

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News Digest: Airports told to up security to Independence Day level

		THE TIMES OF INDIA
		Friday, September 23, 2016
		Today's Headlines

		India
		Airports told to up security to Independence Day level Air India, IndiGo get into ad flap at Mumbai airport 8.4cr Indian children don't attend school: Census data More India News»

		Business
		Vodafone gets Rs 47,700cr from its UK parent In the largest foreign direct investment in the country since Narendra Modi-led BJP came to power in 2014, Vodafone Plc, Europe’s biggest mobile service provider, has infused Rs 47,700 crore ($7.5 billion) in its Indian arm. Tata Power gets nod to reappoint Sardana as CEO, MD Sensex paces up 266 points as Federal holds fire Market benchmark Sensex rebounded by 266 points on Thursday to close at over two-week high of 28,773.13 and the NSE Nifty went past the 8,800-mark, tracking upbeat global cues after the US Federal Reserve left rates unchanged. More Business News»

		Environment
		Maharashtra sanctions Rs 15L to conserve rare plants 31 more countries ratify Paris Agreement on climate change The Paris Agreement on climate change moved closer to enter into force this year as 31 more countries on Wednesday joined it at a special event hosted by the United Nations Secretary-General Ban Ki-moon in New York. UN says 30 more countries to ratify climate deal Thirty more countries are expected to formally join the Paris Agreement on climate change this week, greatly improving the pact's chances of coming into force just a year after it was negotiated in the French capital, the United Nations said on Tuesday. More Environment News»

		World
		Pakistan's bogus claims exposed by own media An embarrassing flub on social media by Pakistan’s UN Envoy Maleeha Lodhi, after she tweeted ''Entering the UN for the PM’s ACTRESS to the GA” set the tone for a disastrous day for Pakistan in New York after it tried to up the stakes against India over the ''Kashmir issue.'' Trump calls for racial unity, embraces 'stop and frisk' Lamenting a "lack of spirit" between whites and blacks, Donald Trump encouraged racial unity on Thursday even as he called for one of the nation's largest cities to adopt "stop and frisk" policing tactics that have been widely condemned as racial profiling by minority leaders. Video shows cop pepper spraying 15-yr-old girl  Police in Maryland have released body-camera video of an officer pepper-spraying a 15-year-old girl in a police cruiser when she refused to put her feet inside. Police say the girl was charged as a juvenile with assault and disorderly conduct. More World News»

		Entertainment
		PIC: Saif Ali Khan's daughter Sara is a fashionista Kareena Kapoor Khan's 36th birthday bash appeared to have been a gala affair, if the pictures from the party were any indication. 'Pink' to create legal awareness now 'Consent’ and ‘No’ are current buzzwords thanks to Amitabh Bachchan and Taapsee Pannu-starrer 'Pink'. German webzine ranks MSG trailer in top trailers list An eminent German webzine has put the trailer of Saint Gurmeet Ram Rahim Singh Insan’s upcoming film, 'MSG — The Warrior: Lion Heart', in its list of Top 15 trailers of the week. More Entertainment News»

		Science
		Stimulating neurons could protect against brain damage India to launch eight satellites in two different orbits on September 26 India on September 26 will launch its weather satellite SCATSAT-1 and seven other satellites - five foreign and two domestic - with its PSLV rocket. The rocket's main cargo will be the 377 kg SCATSAT-1 for ocean and weather related studies. The mission life of the satellite is 5 years. Nasa spots mysterious ice cloud over Saturn's moon Titan Nasa's Cassini probe has found a strange ice cloud over Titan that appears to be made up of compounds that barely exist in the atmosphere of Saturn's largest moon. More Science News»

		Sports
		I have never compromised with my training: Devendra Jhajharia Devendra Jhajharia's success - made tougher against the backdrop of financial disabilities - is testament to his willpower and physical prowess. Jhajharia delivered a record throw of 63.97m in the men's javelin throw F46 event in Rio. Santner, Boult surprise India on opening day New Zealand mounted a superb comeback lead by left -arm spinner Mitchell Santner (3/77) and pacer Trent Boult (3/57) to restrict India to 291 for nine at close of play on Day 1. Turning points: Kohli falls to Wagner's short ball Here's a recap of the key moments from Day 1 of the first Test match between India and New Zealand at Green Park, Kanpur. More Sports News»

		Technology
		Apple iPhone 7, iPhone 7 Plus price details revealed, goes up to Rs 92,000 The iPhone 7 Plus 32GB, 128GB and 256GB will cost Rs 72,000, Rs 82,000 and Rs 92,000 respectively Apple slashes prices of iPhone 6s and iPhone 6s Plus by up to Rs 22,000 Apple has announced biggest-ever price drop for its smartphones in India. Under the new pricing, iPhone 6S (128GB), carying an MRP of Rs 82,000, will now be available at an MRP of Rs 60,000. iPhone 6s Plus (128GB) will now be available at an MRP of Rs 70,000, the smartphone too has received a price cut of Rs 22,000. Apple's 4-inch smartphone iPhone SE, too has got a price cut. The 64GB version of iPhone SE will now be available at Rs 44,000. WhatsApp privacy policy challenged in Delhi High Court: 5 things to know A public interest litigation in the Delhi High Court (HC) challenges the change in WhatsApp's privacy policy. More Technology News»

		Education
		Private schools fee issue: Karnataka HC asks state to notify draft rules by Oct 5 The Karnataka high court on Thursday asked the state government to notify draft rules under the Karnataka Education Act with regards to regulating school fees in private unaided educational institutions. NEET for post graduate dental courses from November 30 The National Board of Examinations (NBE) will conduct the common medical entrance test for post graduate dental as well as diploma courses across 41 cities, streamlining the entrance process to PG medical courses. CBSE and central government tie up for drawing competition CBSE has joined hands with the Ministry of Power and Bureau of Energy Efficiency in conducting the national level painting Competition to inculcate the habit of energy conservation among students. More Education News»

		Mumbai
		Navy issues highest alert after students spot armed men in Uran, NSG flown in Navi Mumbai/Mumbai: The city and its adjoining areas were placed on high alert after two students separately reported seeing up to half a dozen masked, armed men with backpacks at Uran, 47km from Mumbai, around 6.30am on Thursday. Jio effect: Voda gets Rs 47,700cr from UK parent Mumbai: In the largest foreign direct investment in the country since the Narendra Modi-led BJP government was voted in in 2014, Vodafone Plc, Europe’s biggest mobile service provider, has infused $7.5 billion (Rs 47,700 crore) in its Indian arm, empowering the company with more ammunition to defend its turf in the world’s second largest telecommunications market where competition has intensified with the entry of Reliance Jio. Paediatrician fined Rs 11L for negligence Mumbai: A paediatrician will now have to pay compensation of Rs 11 lakh for negligence to the mother of a two-and-a-half-year-old who died of pneumonia, after he did not perform an emergency procedure on the “flimsy excuse” that the child’s father, an astrologer, had refused to consent as the planetary influence was bad. More Mumbai News»

		Delhi
		Girl jumps to death in E Delhi A 21-year-old woman allegedly jumped off the third floor of Cross River Mall in east Delhi on Thursday. Man feigns injury to implicate cops, cover blown in court A man with a bandaged head was caught by a policeman in Karkardooma courts on Thursday for feigning that he was injured after cops thrashed him. Six & City: Car thief's joyride comes to halt The audacious thief not only went for joyrides in the Honda Citys he stole, but he would even sleep in them since his house did not have air conditioning. More Delhi News»

		Bangalore
		Karnataka High Court asks government to notify draft rules before October 5 The high court on Thursday directed the government to notify the draft rules under Karnataka Institutions (regulation of fee and donations) (amendment) Rules, 2016 befor October 5. Will not take action against organizer: Cops "Investigation revealed that Zeenat died of cardiac arrest, and an autopsy confirmed the same. 6-lane highway work to begin from December The National Highways Authority of India (NHAI) has launched the third stage of the state and national highway upgradation projects - Rs 1,150 crore for 1400-km road - in Karnataka. More Bangalore News»

		Hyderabad
		Schools, colleges in Hyderabad and Ranga Reddy district to be shut due to heavy rains Aurobindo gets USFDA nod for HIV drug Hartek Power eyes 1GW solar installations by FY18 More Hyderabad News»

		Chennai
		Jayalalithaa hospitalised for fever, dehydration, under observation Chief minister JayalaC lithaa was taken to the Greams Road Apollo hospi tal late on Thursday for fever and de hydration. A press release from the hospital chief operating officer Subbiah Viswanathan said she was stable and under observation.Security was beefed up around the hospital. TN keeps Mettur open, mulls contempt plea against Karnatataka The Tamil Nadu government is mulling a contempt petition before the Supreme Court against the Karnataka government for deferring the release of 6,000 cusecs of Cauvery water a day to the lower riparian state, highly placed sources said. “Discussions are on. The petition might be filed on Friday itself,“ a senior government official told TOI. Echoing these views, senior advocate N L Rajah said Tamil Nadu should also ask for the appointment of a team of officers to take over the control of sluices in the reservoirs concerned, and added this could be the immediate interim relief sought by the state. Rajah, however, said initiating contempt proceedings against an `amorphous` entity like a government would be dicey . Cops hand over recovered idols from US to temple staff 15 crore to the officials of Brahadeeshwarar temple in Ariyalur and Kailasanathar temple in Sripuranthan. More Chennai News»

		Ahmedabad
		Construction labourers to get subsidized meals AMC admits to massive outbreak of malaria, dengue Ahmedabad ready for UN heritage test in September Narendra Modi Set The Ball Rolling In 2010 More Ahmedabad News»

		Allahabad
		AU prepares for AUSU nominations With the closing of the sale of forms, for contesting various posts of the Allahabad University student union, varsity authorities have finished their preparations for the filing of nomination papers. 21 test positive, dengue patient tally at 144 now With 21 more patients, 16 from the city and five from neighbouring districts, testing positive for dengue on Wednesday, the tally of those undergoing treatment at different city hospitals reached 144. Sale of nomination papers begins AUSU election More Allahabad News»

		Bhubaneswar
		Block grant teachers come out to streets again OSSTET mandatory for teachers' recruitment in high schools Conmen take cop for ride, withdraw cash from account More Bhubaneswar News»

		Bhopal
		Malnutrition numbers rises despite Rs 2,503 cr spent in two years 'No alternative of teachers' MLA demands action against official for mocking PM on social site More Bhopal News»

		Chandigarh
		SMART CITY PROJECT - `Smart' Jalandhar should be sports hub As Jalandhar has figured in the third list of `smart cities' under the Centre's flagship scheme, a study of the plans reveal that out of the envisaged project worth over Rs 1,984 crores, around Rs 1,519 crores (77%) would be spent on area based development (ABD) making 1,010 acres area `real smart.' Seminar on learning disabilities, inclusive education A seminar on learning disability and inclusive education was organized for government school teachers of Chandigarh administration and St.John's High School with an aim to promote inclusive education. Cops investigate theories in businessman kidnapping case Chandigarh police, on Thursday, reconstructed the scene of crime in the case of kidnapping and ransom of Rs 40 lakh from real estate businessman, Harminder Bajaj, and found that two vehicles had been spotted by some local residents when Bajaj had been made hostage in his Maruti Baleno car on the night of September 20. More Chandigarh News»

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