Intraday Tips for 13th July (Thursday)
PC Jewelers / Titan / TBZ
Now will have to pay GST on to sell old jewelry under the GST or repair. Now after the GST is implemented, the jeweler will take you 3% GST under the reverse charge i.e., 3 thousand GST on the jewelery of 1 lakh. But if you take new jewelry in exchange for old jewelry Tax will return while paying 5 per cent GST on repair Puranas jewelry. Jewelry repair service will be charged.
Morgan Stanley has bought 0.66 percent stake in Syntex Industries. Morgan Stanley has bought 36 lakh shares of Syntex Industries at a price of 28.95 per share.
Thermax has signed a contract to increase stake in the subsidiary. Thermax stake in First Energy plans to increase from 54 percent to 76 percent.
Under the specialty restaurant franchise, there will be 3 restaurants opened in Dubai. Specialty restaurants have given rights to resolute restaurant management to open restaurants in Dubai. Specialty restaurants will open restaurants in Dubai under the Mainland China Asia brand.
Due to the merger, S&P’s Shriram Transport is looking at the credit rating. After the merger with IDFC, the ratings of Shriram Transport may decrease.