PROFIT WAY

🚨🚨 Nifty has recovered over 400 points from the day's low. Leading the recovery are stocks from sectors including technology, banking, and pharmaceuticals. Key contributors to this upward movement include: - **Infosys** - **HDFC Bank** - **Reliance Industries** - **Tata Consultancy Services (TCS)** - **Sun Pharma** These stocks have shown significant gains, driving the overall market rebound. #NiftyRecovery #MarketUpdate #StockMarket #Infosys #HDFCBank #RelianceIndustries #TCS #SunPharma

🚨🚨 Bajaj Finance Q1 Results— Net profit of ₹3,912 crore meets estimates, asset quality remains stable. Bajaj Finance has reported its Q1 results with a net profit of ₹3,912 crore, aligning with market expectations. The company has maintained stable asset quality, indicating strong financial health and robust management practices. #BajajFinance #Q1Results #NetProfit #AssetQuality #Finance #MarketUpdate

🚨🚨 Dividend Alert Vedanta's board is scheduled to meet on July 26 to discuss the second interim payout. Investors should stay tuned for updates on the dividend decision and any potential impact on their investments. #DividendAlert #Vedanta #InterimPayout #InvestorUpdate #FinanceNews

🚨🚨 Budget 2024 | NCC and Ramky Infra shares rally as much as 11% on ₹15,000 crore support for Andhra Pradesh's Amravati. Following the announcement in the Union Budget 2024 of a ₹15,000 crore support package for the development of Andhra Pradesh's Amravati, shares of NCC and Ramky Infra have surged by as much as 11%. This substantial investment is expected to significantly boost infrastructure projects in the region, driving investor confidence and stock performance. #Budget2024 #NCC #RamkyInfra #Amravati #AndhraPradesh #Infrastructure #StockRally #Investment

🚨🚨 Q1 Results | HUL's net profit beats estimates, domestic volume grows by 4%; company expects FMCG and rural demand to improve gradually. Hindustan Unilever Limited (HUL) has reported its Q1 results, showing a stronger-than-expected net profit. The domestic volume has grown by 4%, reflecting positive performance in the company's operations. Looking ahead, HUL anticipates a gradual improvement in both FMCG and rural demand, signaling a potentially optimistic outlook for the coming quarters. #HUL #Q1Results #NetProfit #FMCG #RuralDemand #Growth #MarketPerformance

The Union Budget 2024 introduces significant changes to the income tax system, including new tax slabs, an overhaul of capital gains taxation, and revisions to Tax Deducted at Source (TDS) rates. Here's a summary of the key changes: New Income Tax Slabs The budget has revised the income tax slabs to provide relief to taxpayers and simplify the tax structure. Here are the new slabs: - **Income up to ₹2.5 lakh**: No tax - **Income from ₹2.5 lakh to ₹5 lakh**: 5% - **Income from ₹5 lakh to ₹10 lakh**: 10% - **Income from ₹10 lakh to ₹15 lakh**: 15% - **Income from ₹15 lakh to ₹20 lakh**: 20% - **Income above ₹20 lakh**: 30% ### Capital Gains Tax Overhaul The budget has introduced changes to the capital gains tax structure to ensure better compliance and a more streamlined process: - **Short-Term Capital Gains (STCG)**: No changes in the rate; remains at 15% for listed equities. - **Long-Term Capital Gains (LTCG)**: For listed equities, the rate remains at 10% without indexation benefits for gains exceeding ₹1 lakh. - **Unlisted Securities and Real Estate**: LTCG now taxed at 20% with indexation benefits, which is a standard rate across these asset classes. ### TDS Rate Revisions The budget has also revised the TDS rates to make the tax deduction process more efficient: - **Interest on securities**: TDS reduced from 10% to 7.5%. - **Dividends**: TDS rate reduced from 10% to 7.5%. - **Payments to contractors and sub-contractors**: TDS rate remains unchanged at 1%. - **Rent**: TDS rate for rental income above ₹2.4 lakh per annum is reduced from 10% to 5%. ### Additional Highlights - **Standard Deduction**: Increased from ₹50,000 to ₹75,000 for salaried individuals. - **Section 80C Limit**: No changes; remains at ₹1.5 lakh. - **Health Insurance (Section 80D)**: Deduction limit increased from ₹25,000 to ₹50,000 for non-senior citizens and from ₹50,000 to ₹1 lakh for senior citizens. These changes aim to provide relief to taxpayers, encourage investments, and simplify the tax filing process. #Budget2024 #IncomeTax #CapitalGains #TDSRevisions #TaxRelief #FinancialPlanning

📊📈 With the Union Budget around the corner, traders are gearing up! Will the Finance Minister's announcements push Nifty towards the 25,000 mark? Anticipated policy changes Potential market impacts Strategies to watch for What are your predictions for the upcoming budget? Let’s discuss! #UnionBudget #Nifty #FinanceMinister #MarketTrends #StockMarket #InvestmentStrategies #Budget2024 #FinancialPlanning #EconomicGrowth #LinkedInFinance

📉📈 Big changes at MRPL! Their Q1 results show a 93% plunge in net profit but a 10% rise in revenue. How does this impact the industry? Net profit down by 93% Revenue up by 10% What's driving these shifts? What are your thoughts on this? Share your insights below! #MRPL #Q1Results #BusinessNews #IndustryTrends #ProfitAndLoss #RevenueGrowth #OilAndGas #MarketInsights #FinancialReport #LinkedInCommunity

Reliance Industries Limited (RIL) is set to witness a significant boost in its value with the recent announcement of a joint venture (JV) with Walt Disney Co. This strategic collaboration between RIL, Viacom18, and Disney is expected to add approximately Rs 40 per share to RIL's sum-of-the-parts valuation, according to Jefferies. The partnership aims to merge their media operations, Viacom18 and Star India, paving the way for India's largest media empire. With a focus on TV broadcasting, streaming, movies, and sports, the JV is poised to secure lucrative cricketing rights and consolidate its position in the advertising market, holding a substantial 40 percent share. Jefferies highlights potential benefits such as enhanced ad inventory monetization and reduced content costs due to decreased competition. Moreover, the business valuation of Disney, often overestimated in media reports, is lower than perceived, contributing to the uplift in RIL's SOTP. FOR OPEN FREE DEMAT ACCOUNT - https://bit.ly/3P0unWz RIL has committed to investing Rs 11,500 crore ($1.4 billion) at the closing of the JV, valuing it at Rs 70,352 crore ($8.5 billion) post-money, excluding synergies. Pending regulatory approvals, the JV is expected to be completed by late 2024 or early 2025. Once finalized, the JV will be predominantly controlled by RIL, with notable stakes held by Viacom18 and Disney. Nita Ambani will serve as the Chairperson, alongside former Disney executive Uday Shankar as Vice Chairperson. With Reliance shares poised for potential gains following this development, investors are eyeing the stock's performance, which has already surged over 12 percent this year, outperforming the benchmark Nifty index.

Reliance Industries Limited (RIL) is set to witness a significant boost in its value with the recent announcement of a joint venture (JV) with Walt Disney Co. This strategic collaboration between RIL, Viacom18, and Disney is expected to add approximately Rs 40 per share to RIL's sum-of-the-parts valuation, according to Jefferies. The partnership aims to merge their media operations, Viacom18 and Star India, paving the way for India's largest media empire. With a focus on TV broadcasting, streaming, movies, and sports, the JV is poised to secure lucrative cricketing rights and consolidate its position in the advertising market, holding a substantial 40 percent share. Jefferies highlights potential benefits such as enhanced ad inventory monetization and reduced content costs due to decreased competition. Moreover, the business valuation of Disney, often overestimated in media reports, is lower than perceived, contributing to the uplift in RIL's SOTP. RIL has committed to investing Rs 11,500 crore ($1.4 billion) at the closing of the JV, valuing it at Rs 70,352 crore ($8.5 billion) post-money, excluding synergies. Pending regulatory approvals, the JV is expected to be completed by late 2024 or early 2025. Once finalized, the JV will be predominantly controlled by RIL, with notable stakes held by Viacom18 and Disney. Nita Ambani will serve as the Chairperson, alongside former Disney executive Uday Shankar as Vice Chairperson. With Reliance shares poised for potential gains following this development, investors are eyeing the stock's performance, which has already surged over 12 percent this year, outperforming the benchmark Nifty index. FOR OPEN FREE DEMAT ACCOUNT -