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The richest and the smartest banker in Forbes Billionaire – Uday Kotak

The richest and the smartest banker in Forbes Billionaire – Uday Kotak
by 5paisa Research Team 18/11/2021

The only banker on Forbes Billionaires 2021 is the Managing Director and CEO of Kotak Mahindra Bank – Uday Kotak. The billionaire bankers wealth stands at USD 16.7 billion as of date.

Hailing from an upper middle Gujarati family, a young Kotak started a bank with a seed capital of USD 80,000 which went on to become India’s fourth-largest (by Market Capitalization) scheduled Commercial Bank and third largest among Private Commercial Banks. Kotak Mahindra Bank boasts a market capitalization of Rs 403,012 crore or USD 53.8 billion.

Uday Kotak has featured in the prestigious list of Forbes Billionaires 2020 at 129th spot, the same year he was the 8th richest in India, which is unchallenged to date. The fortune he has created is not a windfall but is a result of his grit, business acumen, foresightedness with an undercurrent to create value at large. His focus has been to make the financial service conglomerate sustainable and durable, not just by smart strategies but with unassailable governance.

The various milestones in the corporate lifecycle of Kotak Mahindra Bank from a bill discounting business to lease and hire purchase business, auto finance to investment banking to launch of India’s first Gilt Fund, bear testimony to its leader, Uday Kotak’s foresightedness and in perfect harmony of this mounting fortune.

In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received a banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd.

In November 2014, the accession of ING Vyasa Banks India operation in a USD 2.4 billion deal turned the tables for KMBL, cementing its position in the top 4 banks in the Private Sector. Owing to this, Kotak almost doubled his wealth by USD 2 billion as shares of his Kotak Mahindra Bank hit an all-time high. That year the bank picked up a 15 per cent stake in MCX, India's largest commodities exchange.

In 2015, Kotak Mahindra Bank Ltd (KMBL) forayed into the General Insurance business, upon receiving approval from the RBI. In a separate venture, he has teamed up with telecom magnate Sunil Mittal's Airtel M-Commerce to start a payments bank to provide basic banking services. That year Uday Kotak was ranked 12th richest Indian with a wealth of USD 6.5 billion.

In 2020, while the world was grappling with the harsh blows of the pandemic, KMBL had slowed down its growth engine, particularly on unsecured retail even before the COVID pandemic. It has consistently maintained a low net NPA below 1.5 per cent (second lowest) while an LCR ratio of 150 per cent and CASA Ratio of 53.7 per cent (highest among the banks). In June 2020, Kotak sold some shares to reduce his stake in the bank as mandated by the Reserve Bank of India. He featured in the Forbes Billionaire List 2020 at a valuation of USD 10.4 billion at 129th spot.

As of the quarter ended September 2021, Uday Kotak’s stake in KMPL stands at 26 per cent, as mandated by the RBI.

“As far as I'm concerned, becoming the world's richest banker is only a proxy for Uday being one of the world's smartest bankers," quipped Anand Mahindra, whose association with the banker dates back to 1986.

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Billionaire Sridhar Vembu - The brain behind Zoho Corporation

Billionaire Sridhar Vembu - The brain behind Zoho Corporation
by 5paisa Research Team 18/11/2021

A man with simplicity and vision has created a product-based IT company and succeeded in the journey by delivering top class software products.

Sridhar Vembu has a net worth of US$ 2.44 billion (Rupees – 17,940 Crore), making him one of the richest men in India. He is the 59th richest Indian and was awarded India’s fourth-highest civilian award, the Padma Shri, in 2021.

He is an Indian Business tycoon founder and chief executive officer (CEO) of Zoho Corporation, focusing on providing SaaS support to Customer relationship management services.

Zoho – Top class products at a cheaper price

Vembu has followed a number of unique strategies to build Zoho. These include creating a product that is very similar to Salesforce's customer relationship management product but dramatically slashed the pricing on it, making it affordable and attractive for small businesses. 

Over time, Zoho has applied the same model of copying successful products by Google, Microsoft, etc to create a broad portfolio that caters to small businesses very effectively.  

Zoho digitises businesses with apps that handle tasks ranging from customer acquisition and management to sales and customer support and has 4.5 crore users across 180 countries.

Zoho has more than 40 apps for its Zoho One product alone. Vembu says his vision for Zoho is that it will be the software that drives all functions for businesses from sales to finance with competitive pricing from US$1 per employee a day.

Exceptional educational background

Sridhar Vembu born on 1968 at Tanjore, Tamil Nadu. In 1989, he did Bachelor in Electrical Engineering from the IIT, Madras. Later, he studied MS and PhD degrees from Princeton University in New Jersey. 

In 1994, Sridhar started his career at Qualcomm as a wireless engineer in San Diego, California. He saw opportunities for software business in India, within two years, in 1996, Vembu founded a software development house for network equipment providers called AdventNet with two siblings and three friends. In 2009, the company was renamed Zoho Corporation.

Before the Covid-19 pandemic struck India, he moved to Mathalamparai, a village near Tenkasi. The motive was to encourage more people facilities to shift to villages as Indian cities have started to face major challenges. 

Such a fascinating story, In India he is one of the leading startup founders in IT products space, and that gave inspiration and pathway to lot of other IT startup founders.

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Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 18/11/2021

Best Swing Trading ideas based on price and volume percentage surge. Varun Beverages Limited, IRB Infra and Radico Khaitan

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system:

Varun Beverages Limited: The stock gained 2% on Thursday as it trades near its all-time high and just above its 20 and 50-DMA. It has formed a strong bullish candle on the chart with a bigger volume. The directional movement indicator shows strength in the stock and RSI is going strong at 56. A strong chart pattern along with above-average volume makes VBL an attractive stock for swing trading.

IRB Infra: The infrastructure company shot up nearly 4.5% on Thursday, as it looks for a reversal. The stock was in correction mode for a few days after touching its all-time high level of 345. It has taken support at its 50-DMA and RSI shows the sign of reversal. and has witnessed rising volumes in a few trading sessions. With the technical parameters showing signs of reversal, this stock should certainly be on the trader’s watchlist for upcoming days.

Radico Khaitan: The stock gained 0.2% in the trading session that ended Thursday when the broader indices were bleeding. The stock has witnessed some profit booking today towards the end. The RSI still shows strength in the stock as it lies at 60. We see that the volumes are steadily increasing since the past few days as it nears its all-time high. The stock trades above all key moving averages and we could possibly see a trend in the coming days. The stock looks to gain momentum and is an ideal candidate for swing trade.

 

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Closing Bell: Indian markets extend losses as all sectors end in red, Paytm tanks on IPO debut

Closing Bell: Indian markets extend losses as all sectors end in red, Paytm tanks on IPO debut
by 5paisa Research Team 18/11/2021

Benchmark indices Sensex and Nifty closed below the important psychological levels of 60000 and 18000 respectively.

Domestic equity benchmarks declined for the third day in a row on Thursday lowered by losses in heavyweights like Larsen & Toubro, Tata Consultancy Services, HDFC, HCL Technologies, Kotak Mahindra Bank and Bajaj Finance. During today's trading session, the Sensex fell as much as 632 points and the Nifty index briefly dropped below its important psychological level of 17,700. The markets, however, staged a recovery from some of their losses in the afternoon trading session, on the back of buying interest banking shares.

At the closing bell on Thursday, the Sensex was down 433.05 points or 0.72% at 59,575.28, and the Nifty was down 133.90 points or 0.75% at 17,764.80. On the market depth, around 997 shares advanced, 2252 shares declined, and 133 shares were unchanged.

On a day when there was a bloodbath on Dalal Street, SBI, Power Grid Corp, HDFC Bank, IOC and Divis Labs were among major Nifty gainers, whereas losers were Tata Motors, Tech Mahindra, M&M, HCL Technologies and L&T.

It wasn't a pleasant picture playing out in the sectors as all the sectors ended in the red, with metal and auto indices losing over 2% each. The same story was seen in the broader markets where the BSE midcap and smallcap indices fell 1.5% each.

Among the trending stock of the day was debutant Paytm. The shares tanked as much as 27% in a weak stock market debut on Thursday. This comes after Paytm became the country's biggest-ever initial public offering. The stock opened for trading at Rs 1,950 on the NSE, marking a decline of 9.3% or Rs 200 from its issue price of Rs 2,150. Paytm shares extended losses after opening as the stock fell as much as 27%, from the issue price, to hit an intraday low of Rs 1,564.

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Penny Stock Update: These stocks gained up to 10.00% on Thursday

Penny Stock Update: These stocks gained up to 10.00% on Thursday
by 5paisa Research Team 18/11/2021

On Thursday, the Indian equity market closed in negative for the third day in a row. BSE Metal index is the top loser down by 2.76% in today’s trade.

Today is the third consecutive trading session where the Indian equity market has closed on a negative note.

On Thursday, Nifty 50 and BSE Sensex indices closed in negative down by 133.85 points i.e., 0.75% and 372.32 points i.e., 0.62% respectively. Stocks pulling the BSE Sensex and Nifty 50 index up were HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd and SBI Ltd. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down were Bajaj Finance Ltd, Bajaj Finserv Ltd and Larsen & Toubro Ltd. Today the BSE Sensex and Nifty 50 index opened down by 0.065% and 0.048% from the previous close.

In today's trading session the S&P BSE Metal, S&P BSE Auto, S&P BSE Capital Goods, S&P BSE Basic Materials, S&P BSE MidCap Select Index and S&P BSE Industrial were top losers. BSE Metal index consisting of stocks such as Vedanta Ltd, Jindal Steel & Power Ltd, Hindustan Zinc Ltd, Steel Authority of India Ltd, Tata Steel Ltd and JSW Steel Ltd were the top losers.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Thursday, November 18, 2021: 

Sr No.                 

Stock                 

LTP                  

Price Gain%                 

1.                 

Vikas Ecotech Ltd  

2.30  

9.52  

2.                 

Visagar Polytex Ltd  

0.90  

5.88  

3.                 

Excel Realty N Infra Ltd  

3.15  

5.00  

4.                 

Indowind Energy Ltd  

15.75  

5.00  

5.                 

Manugraph India Ltd  

16.80  

5.00  

6.                 

Sintex Plastics Technology Ltd  

11.55  

5.00  

7.                 

SPML Infra Ltd  

14.75  

4.98  

8.                 

Lloyds Steels Industries Ltd  

9.550  

4.95  

9.                 

Sel Manufacturing Company Ltd  

10.70  

4.90  

10.                 

Cyber Media India Ltd.  

9.80  

4.81  

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Natco Pharma launches two new cancer treatment tablets in India and US markets

Natco Pharma launches two new cancer treatment tablets in India and US markets
by 5paisa Research Team 18/11/2021

Both these tablets are antineoplastic drugs used in the treatment of certain types of cancers.

Natco Pharma Ltd, a multinational pharmaceutical company headquartered in Hyderabad, announced today the launch of Tipanat tablets, a novel antineoplastic nucleoside analogue used in the treatment of advanced colorectal and gastric cancer, which affects approximately 1,25,000 people every year in India.

The Tipanat tablet is a brand new fixed-dose combination of Trifluridine and Tipiracil, that has been launched for the first time in India. Owing to its usefulness in extending survival as well as preserving the quality of life in the late lines of treatment, Tipanat is a very significant launch.

Moreover, in collaboration with its marketing partner Breckenridge Pharmaceutical Inc., the company also announced the launch of Everolimus Tablet, an antineoplastic chemotherapy drug in the US markets. These tablets are available in the 10 mg strength and are a generic version of Afinitor.

On the addressable market front, as per the industry sales statistics, in 1 year ending July 2021, Afinitor tablets of 10 mg strength generated annual sales of USD 392 million. Before the launch of Everolimus Tablets in 10 mg strength, Natco Pharma, along with Breckenridge Pharmaceutical Inc., had also launched the same tablet in 2.5mg, 5mg and 7.5mg strengths during the first quarter of 2021 in the US markets.

Talking about the company’s financials, in the recent quarter Q2 FY22, on a consolidated basis, the net sales stood at Rs 377.20. The PBIDT (ex OI) came in at Rs 70.5 crore, whereas its corresponding margin stood at 18.69%. Lastly, the company’s net profit came in at Rs 65.10 crore, and its corresponding margin stood at 17.26%.

At the closing bell on Thursday, the stock price of Natco Pharma Ltd was trading at Rs 814.65, a decline of 0.81% from the previous day’s closing price of Rs 821.30 on BSE.

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