🔶The passive ELSS scheme should be rooted in one of the indices that include shares from the top 250 companies by market capitalization. 🔶The index funds must include the name of the underlying index in the ELSS scheme name. 🔶As per updated data by AMFI, as of April 2022, the ELSS section had ₹1.5 lakh cr assets and there were 39 schemes covering the different investment firms.

✅Hindusthan Zinc: CMP ₹07.50. Its scrip jumped over 4% after the CCEA gave its nod to the proposal of sale of the govt.'s entire stake in the company. ⛔IndiGo: CMP ₹1,648. the scrip slipped more than 2% after it posted a net loss in Q4FY22. ✅Deepak Fertilizers: CMP ₹596.10 The firm's stock surged by 5% after reporting a net profit in Q4FY22.

Bihar Sponge Iron Ltd has posted a total income of Rs. 65.3140 crores during the period ended March 31, 2022, compared to Rs. 6.4202 crores during the period ended December 31, 2021. The company has reported a net profit / (loss) of Rs. 2.6939 crores for the period ended March 31, 2022, against a net profit / (loss) of Rs. 0.5034 crores for the period ended December 31, 2021.

The operating profits of the specialty chemical stock, Rossari Biotech have been registered and stood just ahead of market predictions on better than expected margins. 🚀India's brokerage house, Yes Securities has kept a Buy rating on the stock, with an updated target price of ₹1,355 apiece. 🚀This revision of the target price suggests a potential upside of over 50% from the existing stock level.

The shares of Wendy's have been surfing on a bullish tide while the investors mull over a probable takeover deal. Wednesday came as a pleasant day for the fast-food giant as its stock witnessed a spike during pre-market trading. This jump is being attributed to the announcement made by its largest shareholder Trian Fund Management that it is mulling over a potential acquisition.

Barak Valley Cements Limited has posted a total income of Rs. 55.4315 crores during the period ended March 31, 2022, compared to Rs. 37.3051 crores during the period ended December 31, 2021. The company has reported a net profit / (loss) of Rs. 5.1124 crores for the period ended March 31, 2022, against a net profit / (loss) of Rs. -12.3940 crores for the period ended December 31, 2021.

On Wednesday, Praj Industries posted a 10.7 per cent year-on-year rise in the consolidated profit at Rs 57.6 crore for the quarter ended March 31, 2022. It has reported a profit of Rs 52 crore in the corresponding quarter of the previous financial year. The company's revenue on a consolidated basis surged 46.2 per cent to Rs 829 crore in the reported quarter against Rs 567 crore posted last year.

It has been observed that the S&P 500 High Dividend Index which is constituted of 80 stocks with high yields, has bounced back to 3.6% to date. Analysts and market experts are of the opinion that the current market conditions make this a good time to invest in dividend stocks as they can offer stability amid volatile stock and bond markets.

On Wednesday, state-run Coal India Ltd posted a 46% rise in consolidated net profit at Rs 6,693 crores for the quarter ending March 31, 2022. It posted a consolidated net profit of Rs 4,587 crores in the year-ago period. The company's consolidated revenue from operations surged by 22% to Rs 32,707 crores, against Rs 26,700 crores in the year-ago period.

Shoemaker Bata India Ltd posted over a two-fold surge in its consolidated net profit at Rs 62.96 cr for the fourth quarter ended March 31, 2022. The company reported a net profit of Rs 29.47 cr in the January-March quarter a year ago. Its revenue from operations surged 12.77% to Rs 665.24 cr during the quarter under review, against Rs 589.90 cr in the corresponding quarter of 2020-21.

The Chief Minister of West Bengal, Mamata Banerjee has revealed that the century-old East Bengal Football Club would be sponsored by the Emami Group. This development has put an end to the uncertainty over whether the club could participate in the Indian Super League or not. Mamata wished the club the best for their campaign.

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Larsen & Toubro has been ranked the ‘Second Strongest Brand’ among the top 50 Global Engineering and Construction companies – by Brand Finance, a global brand valuation consultancy. A London-based consultancy in its ‘Engineering & Construction 50 – 2022’ report has also ranked the company as the ‘Third Fastest Growing Brand’. The Brand Strength Index of the firm has also surged by 7.1 points.

For the first since 2018, the natural gas spiked above $9 per million British thermal units in the US on worries of a supply crunch. Bob Yawger, director of the futures division at Mizuho Securities USA said, “It’s a function of the storage, and the storage situation is miserable.” Due to an energy crunch, the gas prices have skyrocketed over the past years fueled by the Russia-Ukraine war.

ICICIdirect has announced the launch of a new tool called LIFEY - Lifestage Investments for You! To help its customers meet their life stage milestones. Anupam Guha, ICICI Securities said, “LIFEY will assist customers in smart asset allocation and construction of carefully curated portfolios primarily consisting of mutual funds based on fund selection by ICICIdirect’s research.”