Intraday Tips for 13th July (Thursday)

The BSE Sensex is trading at 32,027 up 223 points, while Nifty is trading at 9878 up 62 points. A total of 60 stocks registered a fresh 52-week high in trade today, while 9 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading up 0.76% at 15,199, while BSE Small-cap Index is trading up 0.65% at 16,000. Some buying activity is seen in Finance, Healthcare and Industrials, Metal, Bankex and Auto indices Indiabulls Housing Finance, ICICI Bank and Bharti Airtel are among the gainers whereas Bharti Infratel, IOC, ONGC and IndusInd Bank are losing on the NSE.

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.

Syntex Industries
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
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.

Specialty Restaurant
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.

Shriram Transport
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.