What portion of your salary should you spend on loan EMIs?
Most people buy a house or a car by taking a loan from the bank, but do you know what is the maximum portion of your salary that you should spend on EMI? What is the 40 percent EMI rule? What are the disadvantages of spending more on EMIs? Among home loan, personal loan, auto loan and credit card bills, which loan should you eliminate first?
Here is the list of top stocks that could be in focus on July 5.
India Pesticides: Shares of India Pesticides to list on bourses on Monday. Earlier, the initial public offer (IPO) of the company was earlier subscribed 29 times. The Rs 800-crore IPO received bids for 56,07,11,650 shares against 1,93,10,345 shares on offer, as per NSE data.
Vodafone Idea: Vodafone Idea can raise funds through equity sale or promoters can infuse capital which can be used for clearing dues, non-profit entity Telecom Watchdog said in a letter to telecom minister while demanding rejection of the debt-ridden company’s request seeking more time to pay dues of Rs 8,292 crore. Vodafone Idea (Vi) has approached the government to seek one-year moratorium on payment of spectrum instalment of over Rs 8,200 crore, due in April 2022.
HDFC: The country’s largest mortgage lender HDFC Ltd on Friday said it earned Rs 263 crore as profit on sale of investments during the first quarter of the current financial year.
Tata Consumer: FMCG firm Tata Consumer Products Ltd (TCPL) will work “very closely” with BigBasket, an e-Commerce platform that was recently acquired by the Tata Group, to drive win-win synergies in terms of costs and topline, according to the company’s managing director and CEO, Sunil D’Souza.
Cupid: Renowned smallcap investor Porinju Veliyath’s portfolio management service Equity Intelligence India bought 140,000 shares of Cupid through a bulk deal on NSE on Friday. The shares were purchased at Rs 233.8 apiece.
HCL Technologies: The company has signed a multi-year agreement with Fiskars Group, consisting of a family of lifestyle brands including Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford and Wedgwood. Fiskars Group is partnering with HCL to enable meeting their strategic objectives and to drive their digital transformation initiatives for an immersive omnichannel experience for their end customers and consumers. HCL as a partner will enable Fiskars to standardize and harmonize their IT and business processes, drive operating model transformation and increase overall digital maturity.
SML Isuzu: The company has reported rise of 39% in June 2021 sales. The company has sold 258 vehicles in June 2021 against 186 vehicles in June 2020. Total sales from April to June 2020 stood at 812 units.
Dixon Technologies: Dixon Technologies has received approval from Government of India under Production Linked Incentive Scheme for IT hardware manufacturing under ‘Domestic Companies’ category.
Omaxe: Omaxe has sold properties worth Rs 2,051 crore in FY2020-21, up 18 per cent from the previous fiscal, mainly on the back of better demand for its commercial projects in the national capital and Chandigarh. In volume terms, however, sales fell to 2.73 million sq ft from 4.99 million sq ft. Omaxe delivered only 2.71 million sq ft across various projects in FY21 as against 6.51 million sq ft in the previous fiscal because of the nationwide lockdown to control the Covid-19 pandemic.