Sat, Jun 29, 2024 3:37 PM
SAIL revokes suspension of directors and officials following govt orders
A Flip by Avya Verma
India's Goods and Services Tax (GST) collections reached a record high of ₹2.1 lakh Crore in April 2024, with May collections totaling ₹1.73 lakh Crore, indicating a maturing system with growing compliance. Strong tax collections have reduced the burden on government budgets, allowing for a focus on capital expenditure plans. With GST accounting for 18 paise of every rupee received.
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Five breakout stocks have been recommended for buying. 📌Indo Borax & Chemicals | Buy: ₹202.25 | Target: ₹215 | SL: ₹195 📌Pudumjee Paper Products | Buy: ₹132.35 | Target: ₹139 | SL: ₹128. 📌DCX Systems | Buy: ₹430.15 | Target: ₹450 | SL: ₹415. 📌POCL Enterprises | Buy: ₹952.75 | Target: ₹1,000 | SL: ₹915. 📌Rane Holdings | Buy: ₹1,810.75 | Target: ₹1,900 | SL: ₹1,745.
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✅Avenue Supermarts reported a standalone revenue of Rs 13,712 crore. ✅HDFC Bank's weight in the MSCI index could go up to 7.2-7.5% in the August 2024. ✅Leading private lender YES Bank reported 15% year-on-year growth. ✅Kotak Bank clarified that transactions in question were executed. ✅Force Motors total sales were down 3% at 2.553 units in the June month. ✅RVNL emerged as the lowest bidder (L1).
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