Rs 2 lakh invested in any of these 6 stocks would have become Rs 1 crore in 10 years

Moneycontrol finds there are six stocks in the BSE universe that have given multibagger returns over the past 10 years. So if someone invested Rs 2 lakh in any of these stocks ten years back, the amount would have become Rs 1 crore or more. It is very commonly said that the equity market rewards long-term investors. Moneycontrol finds there are six stocks in the BSE universe that have given multibagger returns over the past 10 years. So if someone invested Rs 2 lakh in any of these stocks ten years back, the amount would have become Rs 1 crore or more. Data Source: ACE Equity.

1. Avanti Feeds stock price has surged 29,150 percent, in the last 10 years from Rs 1.55 per share to Rs 453 per share. An investment of Rs 2 lakh in the stock would have become Rs 5.83 crore.

2. Caplin Point Laboratories stock price has surged 11,053 percent, in the last 10 years from Rs 3.16 per share to Rs 352.45 per share. An investment of Rs 2 lakh in the stock would have become Rs 2.21 crore.

3. Bharat Rasayan stock price has surged 6,324 percent, in the last 10 years from Rs 110.50 per share to Rs 7099.00 per share. An investment of Rs 2 lakh in the stock would have become Rs 1.26 crore.

4. Ajanta Pharma stock price has surged 5,818 percent, in the last 10 years from Rs 25.04 per share to Rs 1481.85 per share. An investment of Rs 2 lakh in the stock would have become Rs 1.16 crore.

5. Alkyl Amines Chemicals stock price has surged 5,162 percent, in the last 10 years from Rs 40.03 per share to Rs 2106.15 per share. An investment of Rs 2 lakh in the stock would have become Rs 1.03 crore.

6. Bajaj Finance stock price has surged 5,085 percent, in the last 10 years from Rs 45.07 per share to Rs 2337.15 per share. An investment of Rs 2 lakh in the stock would have become Rs 1.02 crore.

With 1,000% rally in 2 years, this stock steals the thunder, but analysts are cautious - Adani Green Energy (AGEL)

The stock of a clean energy firm has stolen the thunder on Dalal Street amid the recent Covid-triggered bloodbath. And Adani Green Energy (AGEL), a renewable energy entity of the Adani Group, made news by bagging the world's largest solar bid, which entails building a photovoltaic (PV) power plant of 8,000 MW and setting up a domestic solar panel manufacturing capacity of 2,000 MW, envisaging a total investment of roughly $6 billion.

The Ahmedabad-headquartered company was demerged from Adani Enterprises and listed separately in June 2018. Since its listing, the scrip has surged around 1,015 per cent from Rs 29.40 to hit an all-time high of Rs 328.35, indicating a gain of around 750 per cent. The stock has been hitting upper circuit limits since past two sessions on new deal win.

The Ahmedabad-headquartered Adani Group, which was founded by Gautam Adani in 1988 as a commodity trading business, has diverse interest across sectors including energy, resources, logistics, agribusiness, real estate, financial services, airport ..

The other group stocks too have been doing well on Dalal Street. Six of the stocks have spurted up to 93 per cent in the latest rally from the March market lows, sending the group's market-cap soaring 44 per cent to Rs 1.78 lakh crore from Rs 1.23 lakh crore.

Bankrupt turns Multibagger: Shares of this company have zoomed over 300% since March 2020

On June 01 2020, the shares of Alok Industries hit an upper circuit of 5 percent at Rs 19.50 with more than 1.23 crore buy orders on the BSE.

The stock has rallied 393 percent since its low of Rs 3.95 on March 31.

Alok Industries, a company that came out of bankruptcy, has turned out to be a multibagger for investors. The company was taken over by Mukesh Ambani led Reliance Industries Ltd (RIL) along with JM Financial Asset Reconstruction Company after the Ahmedabad bench of the National Company Law Tribunal (NCLT) had last year approved the joint bid of Rs 5,050 crore.

On Monday, the shares of Alok Industries hit an upper circuit of 5 percent at Rs 19.50 with more than 1.23 crore buy orders on the BSE.

After the company’s restructuring, the shares were listed on February 27 at Rs 14 which then fell to a low of Rs 3.95 on March 31. The stock has rallied 393 percent since then.

As on March 31, Reliance Industries owned a 37.70 percent stake in the Mumbai-based integrated textile manufacturer while 45.67 percent stake was held by other high net worth investors.

It was also reported that RIL has converted the company into a PPE manufacturer, helping produce COVID-19 protective gears at one-third the cost of those imported from China. The company has redeployed Alok Industries' manufacturing facilities in Silvassa, Gujarat for exclusively manufacturing personal protective equipment (PPE) to safeguard doctors, nurses, medical staff and other front line workers engaged in fighting the COVID-19 pandemic.

Capacity has been scaled up to produce more than 1 lakh PPE kits per day and cost has been slashed to nearly Rs 650 per unit from the about Rs 2,000 apiece imported price. The facility can also be used for exporting PPE in the future.

Reliance has integrated technology, raw material from its petchem plants and 10,000 tailors after re-engineering the plant. The production started in mid-April and has been quickly ramped up to now constitute close to a fifth of India's daily PPE production capacity.

9 interesting facts about Google CEO Sundar Pichai

Originally from Tamil Nadu, India, Sundar Pichai studied at the Indian Institute of Technology Kharagpur, where he received a degree in Bachelor of Technology (B.Tech).

Today is the birth anniversary of Sundar Pichai, the CEO of tech giant Google and its parent company Alphabet Inc. The 48-years-old just recently addressed the class of 2020, which is graduating amidst a pandemic and told them to stay hopeful.Pichai also recalled his humble roots and highlighted the importance of staying positive in the face of difficulties.

Here are nine things you should know about the Indian-American executive 

Originally from Tamil Nadu, India, Pichai studied at the Indian Institute of Technology Kharagpur, where he received a degree in Bachelor of Technology (B.Tech).Pichai received MS degree from Stanford and obtained an MBA from Wharton School at the University of Pennsylvania.Before his first job at Google, Sundar Pichai worked at Applied Materials as an engineer and then at McKinsey & Company.

In 2004, Pichai joined Google as the head of product management and development and initially worked on the Google Toolbar to enable easy access to Google search within the Microsoft Internet Explorer and Mozilla Firefox Web browsers.Over the next few years, Pichai was directly involved in the development of Google’s own browser, Chrome, which was released to the public in 2008.

Within the same year, Pichai was named vice president of product development, and by 2012, he was a senior vice president, and two years later he was made product chief over both Google and the Android smartphone operating system.As per Britannica, Pichai was reportedly aggressively pursued for employment by microblogging service Twitter in 2011, and in 2014 he was touted as a possible CEO for Microsoft. However in both the instances he was granted large financial packages to remain with Google.

When Google cofounders Larry Page and Sergey Brin announced the creation of Alphabet Inc in August 2015, Sundar Pichai was named CEO of Google, which was reorganized as a subsidiary. In December 2019, Pichai was named CEO of Alphabet when Page stepped down, making him the chief executive officer of both Google and Alphabet.

Who is Ajit Jain, whom Warren Buffett always describes as his right hand

Ajit Jain (born 23 July 1951) is an Indian American executive who is the Vice Chairman of Insurance Operations for Berkshire Hathaway as of January 10, 2018.He was raised in India's coastal state of Orissa. Ajit Jain is an older cousin of Anshu Jain, who was the former Co-CEO of Deutsche Bank. 

Education

In 1972, Jain graduated from the IIT Kharagpur in India with a BTech degree in Mechanical Engineering

Career

From 1973 to 1976, Jain worked for IBM as a salesman for their data-processing operations in India. He was named "Rookie of the Year" in his region in 1973.He lost his job in 1976 when IBM discontinued their operation in India because they declined to allow any Indian ownership of the company, as was then required by law.

In 1978, Jain moved to the United States, where he earned an MBA from Harvard University and joined McKinsey & Co. He returned to India in the early 1980s and married. The Jains then moved back to the United States, as Jain's wife preferred to live there.

In 1986, he left McKinsey to work on insurance operations for Warren Buffett. Jain was invited by his former boss, Michael Goldberg, who had left McKinsey & Co. to join Berkshire Hathaway in 1982. At the time, he said he knew little about the insurance business.

In the annual letter to shareholders on 2014, it was suggested that both Jain and Greg Abel could be appropriate successors for Warren Buffett as CEO of Berkshire Hathaway.In January 2018, Jain was named Berkshire Hathaway's vice chair of insurance operations and appointed to Hathaway's Board of Directors.

Jain lives in the New York City area

Philanthropy

In 2005, Jain established the Jain Foundation, a non-profit organization located in Seattle, Washington, the mission of which is to cure limb-girdle muscular dystrophies caused by dysferlin protein deficiency, a condition that Jain's son has.Pallavi Jain Mittal, who earned her PhD in molecular biology from Brandeis University,was the initial President and CEO.In May 2017, Mittal formed In-Depth Genomics, an organization providing free whole-genome sequencing and analysis to people with rare diseases.

A Quick Guide: 8 Easy Steps to Get a Personal Loan in India - paisabazaar.com

A personal loan is a type of unsecured loan that does not require a collateral or security. Unlike a car loan or a home loan, a personal loan comes with flexible end use and can be availed to meet any personal expense. The application process of a personal loan is simpler as compared to other loans as the banks do no need to verify the details of any security or collateral. The only details that a bank requires to verify is the eligibility and credit worthiness of an individual availing the loan. Also, the online application and minimum documentation has made the whole process more approachable and simpler.

What Are the 8 Easy Steps to Get a Personal Loan in India?

The steps to apply for a personal loan in India are as follows:

1. Online/offline application: If you have planned to avail a personal loan, the first step would be to fill an application form asking for your personal as well as professional details. The form can either be filled online at Paisabazaar.com or offline by visiting the nearest branch of the bank. However, applying for a loan online will not only simplify the process but will also save your time
2. Bank verification: When bank receives your loan application, it starts verifying the information provided by you, including your personal as well as professional details and check if you meet the eligibility criteria including age, minimum monthly salary, profession, etc. If you are already an existing customer of the bank, your financial details like bank statements, previous loans (if any), etc. are immediately verified by the bank
3. KYC process: After your basic details are verified, the bank will start verifying your Know Your Customer (KYC) documents that you might have uploaded online along with the application form or would have submitted to the nearest branch. If you apply for a personal loan through Paisabazaar.com, the bank executive will come to your home or office to collect the documents
   
4. Address confirmation: The bank’s executive may make a visit to your home to confirm the address mentioned in the application. Also, if you are a self- employed individual, there are more chances of the bank’s executive visiting to confirm your office address
5. Credit score check: After checking your eligibility and completing the verification process, the bank will check your credit score and will see your past repayments, salary slips or IT returns
6. Loan approval: If you meet the eligibility criteria, your documents are verified and if your credit score is 750 or above, the personal loan would be sanctioned to you without any further delay
7. Loan amount, tenure and interest rate: The loan amount and interest rate that the bank will offer you will be based on your credit score, age, employer, number of years left in service, etc. The banks also offer you the opportunity to choose the repayment tenure (within the tenure range provided by the bank) on your own as per the repayment ability
8. Processing fee: Once everything is decided including the loan amount and tenure, you will have to pay a processing fee to process loan disbursal. After you have paid the fee, the personal loan amount will be disbursed to your account with 3-5 working days

A personal loan can solve your various purposes like paying medical bills, getting married, going on a vacation, purchasing consumer durable, etc. but it is important to borrow the amount that you can easily repay. Also, it is necessary to submit all the authentic documents and fill all the information correctly for smooth processing, approval and disbursal.

8 Myths About Personal Loans You Shouldn’t Believe

A personal loan is the most convenient and the quickest way to deal with any financial crises as it offers many benefits like quick online approval, flexible tenure, no restriction on end- use, instant disbursal, etc. Unfortunately, with so many benefits comes several half- baked theories too that often mislead people regarding a personal loan and compels them to look out for more expensive ways to deal with the financial emergency.

#Myth1. Only banks offer personal loans

Many people tend to believe that the banks are the only financial institutions offering personal loans. Yes, all the banks offer personal loans but there are many NBFCs like Bajaj Finserv, Tata Capital, HDB Financial Services and digital lenders like EarlySalary that also offers personal loans. When a bank rejects your personal loan application, you can contact these NBFCs and digital lenders for a personal loan as their eligibility criteria is bit flexible as compared to the banks.

#Myth2. Low credit score leads to loan rejection

A credit score is one of the most important factors considered to determine your personal loan eligibility. However, a credit score do not entirely impact your loan approval chances. A credit score of 750 or above is considered healthy by the lenders but if you have a low credit score (less than 750) other factors like your income, employer, etc. can save your loan application. In such a case, the interest rate will be on the higher side but you have the chances of getting a personal loan.

#Myth3. Only salaried individuals can avail a personal loan

It is a very common misconception that only salaried professionals with steady flow of income can avail a personal loan. Self-employed individuals/professionals like businessman, CA, doctors, etc. can also apply for a personal loan and the lenders will evaluate their credit score and ITR before sanctioning the loan. Some of the banks also offer a personal loan to pensioners.

#Myth4. The processing time is long

It is believed by many that the processing of a personal loan consumes a lot of time and there are a lot of formalities involved. This is not true. These days with banks being digitalized, you can easily apply for a personal loan online and can process your loan application just by uploading minimum documents. Also, you can avail an instant approval online and the amount would be disbursed to your account within 3-5 working days.

#Myth5. Interest rates are high on a personal loan

A lot of people think that interest rates on a personal loan are high. But do you know that you can get a personal loan with interest rate as low as 10.99%. Yes, it is true and depends on your credit score, age, repayment history, employer, etc. Also, the interest rates on a personal loan are very low as compared to the interest rates of credit cards that start from 30%. Hence, it is always feasible to avail a personal loan rather than a credit card.

#Myth6. There is no prepayment option

Due to the shorter tenure of a personal loan that usually varies from 12 to 60 months, many individuals believe that there is no prepayment option offered on a personal loan. However, you can prepay the loan before the tenure ends. Some of the banks have a lock- in period of 6 to 12 EMIs and after paying these EMIs, you can foreclose the loan any time before your tenure ends.

#Myth7. Personal loan can only be used for personal reasons

Personal loans come with a flexible end use that is they can be used for any purpose. You can even invest money availed from a personal loan in a business idea or you can buy equipment for business or can pay salaries to your employees.

#Myth8. You can apply for a personal loan from various lenders at a time

Yes, you can apply for a personal loan from various lenders at a time but it is not advisable. Every time you apply for a personal loan, it gets registered to the credit bureau as hard inquiry and gets reflected on your credit report. If any lender checks on your credit report, he will be able to see this inquiry and will consider you credit hungry and hence might not approve your loan application. Therefore, you should only apply with a single lender at a time.