Markets closed higher than Thursday’s closing point.
FMCG stocks and consumer durable stocks rose the most today. Healthcare stocks and pharma stocks fell the most.
Global markets: US markets rose on Friday. Most Asian markets rose on Monday. Most European markets traded in green (as of 6 pm IST).
News
The government will launch the 1st Fleet Support Ship (FSS-1) and lay the foundation for FSS-5, along with other shipbuilding infrastructure on 06 Oct in Visakhapatnam.
Orient Cables listed at Rs 450 on NSE, a premium of 65.44% over its issue price and closed 48.90% higher.
Runwal Enterprises listed flat at its issue price on NSE and closed 0.03% lower.
Stock Updates
L&T: won a mega order (worth Rs 10,000 cr - 15,000 cr) for multiple power transmission and distribution projects across Saudi Arabia, the UAE and India.
UltraTech: added 126.55 MW of green-energy capacity, taking its total to 2,024 MW. Green energy now meets about 48% of its power requirement.
DLF: sold all 172 homes in its luxury retirement project The Aureva in Gurugram, generating about Rs 1,985 crore in sales.
Word of the Day
Potential Upside
It is the estimated price change by which a stock could grow.
Many investors try to judge how much an asset’s price could grow and the duration required for such a price growth.
Example: “the personal air conditioning space has a potential upside of around 30% over the next 2 years.”
The “potential” in this is that it may happen but it is not guaranteed.
Needless to say, the calculation of potential upside varies from investor to investor.
Different investors can estimate the potential upside to be very different from each other.
6 Day Course
Theme: things investors should ignore
Day 1: Monday
Investors tend to think more information will help them make better decisions.
That said, there are some factors that investors end up paying too much attention to.
Paying less attention to some of those would work out better for them.
In this week’s course, we’ll look at some of these factors.
Day to day minor price movements.
Long term investors have very little to gain from daily price movement changes.
Yes, if something really bad is happening, the price change can be big.
But in all other cases, watching the minor price movement and worrying about them is a useless exercise. It is just noise.
————
What If
Missing an SIP once in a while can feel like a bigger mistake than it actually is.
You may need the money for some other expense, your salary may come late, or you may simply forget to invest that month.
And then there are times when investors stop for a different reason as well.
But does missing an SIP actually hurt your long-term investment? And does it matter whether the money is never invested or invested a little later?
So we wanted to find that out.
In today’s What If, we tested what happened when investors missed SIPs in different ways.
We checked how much it affected their final corpus, whether missing early hurt more than missing later, and what happened when the missed money was eventually invested.
The information presented in this post has been compiled and prepared by Groww Invest Tech Pvt Ltd and is intended solely for informational purposes. It is not tailored to any specific investment objectives, financial situations, or needs of any individual investor. The content should not be construed as investment, financial, legal, or tax advice and should not be relied upon as a substitute for professional consultation.
Investing in securities markets involves inherent risks. Investors are advised to carefully review all relevant documents and consider their own risk tolerance before making any investment decisions.
Mutual fund investments are subject to market risks; please read all scheme-related documents carefully. Past performance of financial instruments, schemes, or markets is not indicative of future results.
Groww Invest Tech Pvt Ltd is registered with the Securities and Exchange Board of India (SEBI) under Registration No: INZ000301838, as a Research Analyst under No: INH200008662, as a Depository Participant under No: IN-DP-417-2019, and with the Association of Mutual Funds in India (AMFI) under ARN-111686.
SEBI registration details: View registered name and registration numbers
Research Analyst Disclaimer: View Research Analyst disclaimer
Did you like this edition?
Leave a feedback here!