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The budget in February was an interim one because the general elections were imminent, and the upcoming budget will be a regular one with big policy decisions and announcements.

With the market at all-time highs and stocks generally expensive, regular quarterly earnings growth won’t be enough to pull it significantly higher, and it will need regular triggers that keep investor sentiment positive.

These could come in the form of specific policy decisions on infrastructure, taxes or the capital markets. Sector-specific decisions will have an impact on those stocks as well.

The budget will also lay out the government’s spending plans. This will be important for the fiscal deficit, which in turn will affect inflation, the bond market and the rupee.

Here, it’s important to understand the link between the deficit, inflation and interest rates.

The stock market doesn’t like high interest rates. This is because elevated rates incentivise people to move their money to bonds and fixed deposits. High interest rates also increase the cost of borrowing for businesses and people.Agra Investment

The main reason for high interest rates is high inflation, but the RBI is unlikely to cut interest rates any time soon as inflation has remained persistently high.

The market nonetheless wants inflation to be brought under control, and one of the best ways of achieving this is for the government to keep its spending in check. It’s not the spending itself that is the problem here, it’s the difference between spending and the revenue – i.e. the fiscal deficit.

The fiscal deficit target for FY25 is 5.1% of GDP. The market will react if the target is either lowered or increased. An increase would be received negatively by the market while a decrease would be celebrated.

Indian governments have long been accused of lacking long-term vision and budgets have been used as a tool to push policies that benefit voters in the present, without an eye on the future.Jaipur Stock

While there’s nothing wrong with such an approach per se, long-term planning has not been a strong point of previous budgets. In her address to Parliament, President of India Droupadi Murmu said the upcoming budget would be “futuristic”.

She said, “My Government will present its first budget in the forthcoming session. This budget will be an effective document of the Government’s far-reaching policies and futuristic vision.

“Along with major economic and social decisions, many historic steps will also be seen in this budget. The pace of reforms will be further accelerated in tune with the aspirations of people of India for rapid development.”

The market is eagerly awaiting any big announcement related to the future of the Indian economy, with many expecting the government to take at least one historic policy decision.

The slowing of public capital expenditure was a point of concern after the interim budget, and Dalal Street expects to see a significant boost to capex in the full budget.

This is important because the government’s regular revenue expenditure, while crucial for running the country, doesn’t boost the economy. Only the capital expenditure can do that, especially with regards to big infrastructure projects.

The stock prices of all infrastructure companies will thus hinge on this number.

These are mainstays of every budget. Various industry groups meet finance ministry officials to present their proposals to the government before the budget. Only some of these are actually included in the budget as most can be dealt with separately.

However, specific-policies are seen as a sign of the government’s priorities and can be a positive trigger for stocks in those sectors.

The following sectors have positive expectations this time around: infrastructure, real estate, MSMEs, defence, metro rails and Vande Bharat trains, textiles, travel and tourism, research and development.

Also, spending on agriculture, healthcare, education and social welfare schemes will likely get a big boost because of the coalition government.

Investors should not base specific investment decisions on events such as the budget. History has proven that the market quickly forgets about the budget.

However, some decisions will be important as they could have a material impact on specific stocks and sectors. Investors should keep an eye out for such decisions and assess its impact on the stocks in their portfolios.

Happy investing!

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such.

Kanpur Investment

Investors,  Daniel Loeb, the billionaire founder of Third Point LLC, have been snapping up Vistra stock in a bet that the massive boom in demand — partly fueled by power-sucking AI data centers — will only grow. That’s spurred shares to a more than 300% gain over the past 12 months, making the Texas-based firm the best performer in the S&P 500 Index — a benchmark it joined less than a month ago. Peers trailed, with utility stocks in the index returning about 10% over the same period.

“Power demand is extremely strong, and it’s being driven by the data center trade,” but Vistra’s mix of gas and nuclear power plants make it “a unicorn,” according to Guggenheim’s Shahriar Pourreza who assigned the stock its highest price target on Wall Street at $133.

After hitting an all-time high earlier in the week, shares sold off on Friday as Vistra detailed plans to add natural gas capacity in Texas. Investors are concerned this could be “the tip of an oversupply iceberg,” Pourreza wrote in a note to clients, but he views the changes as “somewhat modest.”

of utility companies are expected to benefit from the AI boom with data center power demand poised to more than double by 2030, according to Goldman Sachs’ estimates. But Vistra’s position as one of the few public independent power producers — a status that means it sells electricity at market prices, unlike regulated utilities — has left it in a league of its own and buoyed shares.

As Vistra is a direct participant in the market, “the clearest investment thesis is that wholesale power prices are going to increase,” Thomas Meric, an analyst with Janney Montgomery Scott, said in an interview.

Vistra’s roles as a big player in the surging Texas power market and — following the more than $6 billion acquisition of Energy Harbor Corp. — as a major owner of nuclear generation capacity are helping lure in investors. With the company’s nuclear fleet eligible for power-generation tax credits from the Inflation Reduction Act, it could also attract pacts from major AI players.Kolkata Wealth Management

Data centers are looking for round-the-clock clean power, and “nuclear plants are a very strong avenue for that,” Guggenheim’s Pourreza said. Investors are anticipating the company will be able to contract its plants directly with data centers, similar to an  between Corp. and Corp, he added.

Other key future catalysts would be the company’s first earnings-per-share guidance and a longer-term outlook from the company, Pourreza said.Mumbai Investment

Even after the run, Vistra’s stock screens relatively inexpensive compared to other ways to play the AI and data-center booms, according to Janney’s Meric. The company trades around 17 times the next year’s earnings, compared to Nvidia’s multiple of 37. Wall Street analysts are overwhelmingly positive, with 10 of the 11 surveyed by Bloomberg giving the shares a buy-equivalent rating.

Morningstar analyst Travis Miller, who has the lone sell recommendation on the stock, said the trends feeding the rally could falter. For one thing, growing renewable generation could squeeze legacy power producers in Texas.

“The market has gotten a little too overexcited,” Miller said. Current analyst price targets suggest a cool down may be ahead with an average of $108 implying a 12% gain over the next 12 months, and even Pourreza’s $133 Street high suggests a slower pace of gains.

But for adherents, including activist investor Loeb, the expansion of renewable energy is another reason to buy in. The intermittent nature of wind and solar power supports the case for legislation favoring natural gas plants, like Vistra’s, that are available in a pinch, he  in an April letter.

Vistra was one of his hedge fund’s top five winners in the first quarter, and Loeb cited the power demand from data centers and electric vehicles as another reason for long-term confidence.

Guoabong Investment

The view of the skyscrapers of the Central Business District (CBD) in Beijing, capital of China. [Photo/Xinhua]

Deloitte China on Friday announced 50 winners of the 2022 China’s Best Managed Companies awards program, with their annual average revenue hitting 37.1 billion yuan ($5.5 billion) and growth rate reaching 21 percent despite COVID-19 challenges.

BMC is co-launched by Deloitte, Bank of Singapore, HKUST Business School and Harvard Business Review. The global BMC program has a history of 27 years with a purpose to find companies with systematic and excellent management capabilities.

Among those awarded this year, 40 companies have stayed on the list for two to four consecutive years and 10 are new comers. Four companies have seen their revenue surpass 100 billion yuan and four others saw revenue range from 50 billion yuan to 100 billion yuan.

A total of 21 awarded companies are in the manufacturing sector and 11 companies are categorized in the industry of consumption goods manufacturing, retail and restaurants. The rest are in areas of information and technology, healthcare, real estate, and education.Kanpur Investment

“The 2022 Best Managed winners have demonstrated strong business performance as well as brand valuesSimla Wealth Management. Despite those companies having faced multiple challenges like COVID-19, they exemplified the resilience and ability to rapidly recover from the pandemic and adapt to new situations,” said Frank Xu, managing partner of Deloitte Private China.

“Those awarded companies had a few characteristics in commonGuoabong Investment. At the strategic level, they had adaptable and forward-looking strategic management systems and they strived to create core products or services with innovative technologies,” Xu said.Agra Investment

“At the capability level, they focused on the improvement of organizational management capabilities and digital transformation capabilities, with particular emphasis on building risk management capabilitiesUdabur Stock. At the commitment level, they paid attention to talent cultivation, had a long-term sense of mission and adhered to company culture and value.”

“At the financial level, they have stable financial strategies, good cash reserves and cost control capabilities. They also demonstrated strong resilience and shouldered corporate social responsibilities facing challenges brought by COVID-19,” he said.

Zhao Jian, BMC managing partner, said unique core values, strategic goals, ability to integrate values with a focus on customers, precise regulations and excellent operations are the key points to businesses’ sustainable development.

Mumbai Investment

Shares of Indian Oil Corporation Ltd. gained 0.43 per cent to Rs 174.65 in Thursday’s trade. It hit a high of Rs 175.45 and low of Rs 173.9 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 154.92, while the 50-DMA was at Rs 170.23. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

The stock traded above the signal line of momentum indicator moving average convergence divergence, or MACD, signalling a bullish bias on the counter. The MACD is known for signalling trend reversal in traded securities or indicesLucknow Investment. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities.Udabur Stock

On the other hand, the Relative Strength Index (RSI) of the stock stands at 55.87Simla Stock. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Nagpur Investment

Small cap company engaged in the paper sector, Andhra Paper Ltd shares gained 1.31% in trade today and plunged over 6% in last 1-monthIndore Stock. Current market price of Andhra Paper shares on BSE is Rs 530.40 per shareKanpur Stock. Today the company fixed September 11, 2024 as the record date for sub-division/stock split of shares in the proportion of 1:5. Andhra Paper has a market capitalisation of Rs 2109.40 crore.

Earlier this year, Andhra Paper recommended final dividend of Rs 10/- per share for the FY 2023-24 and shares traded ex-dividend on August 5, 2024. The record date for dividend was August 5, 2024 as well. Check details below:

Andhra Paper Sets Record Date For Stock Split: As per the BSE filing of Andhra Paper issued as on August 19, 2024, “In terms of Regulation 42(2) of the SEBI (LODR) Regulations, 2015, the Company has fixed Wednesday, 11th September, 2024 as ‘Record Date’ for the purpose of determining the eligibility of Shareholders for the purpose of sub-division of every one fully paid-up equity share having face value of Rs. 10/- (Rupees Ten only) each in the share capital of the Company into five (5) fully paidup equity shares having face value of Rs. 2/- (Rupees Two only) each, pursuant to the shareholders’ approval received at the 60th Annual General Meeting of the Company held on 12th August, 2024.”

Andhra Paper Dividend: The exchange filing of Andhra Paper dated May 14, 2024, “recommended final dividend of Rs. 10/- per share (i.e. 100%) on equity share of Rs.10/- each fully paid up for the FY 2023-24, subject to the approval of members in the ensuing 60th Annual General Meeting of the Company.”

Andhra Paper Share Performance: The 52-week high price of Andhra Paper share on BSE is Rs 675.00 per share (as on 11/10/2023) and 52-week low price is Rs 430.00 per share (as on 21/08/2023). Andhra Paper shares surged 21% in last 1-year, gained 19% in last 2-years, offered return of 127% in last 3-years, and rallied 20% in last 5-years.

Andhra Paper About: Andhra Paper Limited is one of the largest integrated paper and pulp manufacturers in India. Established in 1964, the company produces writing, printing and copier papers for foreign and domestic marketsHyderabad Stocks. Our production facilities at Rajahmundry and Kadiyam have a total production capacity of 240,000 TPA. The company employs around 2,500 employees, according to its official website.

Bangalore Stock Exchange

A penny stock refers to those stocks whose face value is generally INR 10 or below. When an investment made in penny stocks results in multifold returns, the stock is called a multi-bagger penny stock.

Investing in penny stocks is a very high risk proposition and it is only advisable for seasoned investors to make investment in such stocks after careful analysis and due diligence.

Your investment in penny stocks can simply turn to dust and it is this high level of ambiguity in your ability to ensure you earn returns that makes penny stocks unreliable.

Here’s a list of penny stocks that have given multi-bagger returns over a one-year period, two-year period, three-year period and penny stocks that have the capability to turn multi-bagger in 2025.

Investing in multi-bagger penny stocks can be enticing due to the potential for significant returns. However, exercising caution and thoroughly evaluating these stocks before committing your capital is crucial. Here are some key factors to check before investing in multi-bagger penny stocks:

Company Fundamentals: Assess the company’s financial health and fundamentals. Look at revenue growth, profitability, debt levels, and cash flow. A company with sound fundamentals is more likely to have growth potential.

Management Team: Research the company’s management team. Experienced and trustworthy leadership can significantly contribute to the company’s success.

Market Potential: Analyze the company’s marketUdabur Wealth Management. Is there a sizable addressable market for its products or services? Consider the growth prospects for that market.

Competitive Position: Evaluate the company’s competitive position. Does it have a unique product, service, or competitive advantage that sets it apart?

Business Model: Understand the company’s business model. How does it generate revenue? Is the business model sustainable, or is it subject to disruption?

Industry and Sector Trends: Research the industry and sector the company belongs to. Are there favorable trends or headwinds that could impact its growth potential?

Corporate Governance: Assess the company’s corporate governance practices. Look for transparency, ethical conduct, and shareholder-friendly policies.

Financial Statements: Examine the company’s financial statements, including balance sheets, income, and cash flow statements. Pay attention to any red flags, such as irregularities or inconsistencies.

Liquidity and Trading Volume: Check the liquidity and trading volume of the stock. Low trading volume can make buying or selling shares at desired prices challenging.

News and Events: Stay informed about company news and events. Earnings reports, product launches, or regulatory changes can significantly impact the stock’s price.

Risks and Challenges: Identify and assess the company’s risks and challenges. Understand the potential downside and consider risk mitigation strategies.

Valuation: Determine if the stock is undervalued or overvalued. Compare its industry peers’ price-to-earnings, price-to-sales, and other valuation metrics.

Diversification: Avoid concentrating your entire investment portfolio on penny stocks. Diversify across asset classes and investment types to spread risk.

Long-term Perspective: Consider your investment horizon. Penny stocks can be volatile, so be prepared for short-term fluctuations and stay focused on long-term goals.

Due Diligence: Conduct thorough due diligence, including reading company reports, listening to earnings calls, and consulting financial experts or analysts.

Regulatory Compliance: Ensure the company adheres to regulatory requirements and is listed on recognized stock exchanges.

Investing in multi-bagger penny stocks, while carrying a higher level of risk, can offer several potential benefits:

High Return Potential: Multi-bagger penny stocks have the potential to generate substantial returns over a relatively short period. A slight price increase can lead to a significant percentage gain, resulting in the “multi-bagger” effect.

Low Entry Cost: Penny stocks are usually priced low, making them accessible to retail investors with limited capital. This affordability allows investors to diversify their portfolio with a relatively small investment.

Portfolio Diversification: Investing in penny stocks can help diversify a portfolio. By including assets with a different risk profile, investors can spread risk and reduce the impact of poor performance in other asset classes.

Early Growth Opportunities: Many multi-bagger penny stocks are companies in the early stages of development. Investing in these stocks allows you to get in on the ground floor of companies with growth potential.

Market Anomalies: Because penny stocks are often overlooked or under-analyzed by institutional investors, there is potential for market inefficiencies and undervaluation, which can benefit astute investors.

Profit Potential in Niche Markets: Some penny stocks represent companies operating in niche markets or specialized sectors with the potential for rapid growth and limited competition.

Active Trading Opportunities: Penny stocks can be highly liquid and may present active trading opportunities for day traders and swing traders looking to profit from short-term price movements.

Learning Experience: Investing in penny stocks can be a valuable learning experience for those new to investing. It helps investors understand market dynamics, company analysis, and risk management.

However, balancing these potential benefits with the significant risks associated with penny stocks is essential. These risks include:

High Volatility: Penny stocks are notoriously volatile and subject to rapid price swings, which can result in substantial losses.

Limited Liquidity: Lower trading volumes can make buying or selling shares at desired prices difficult, potentially impacting the ability to exit positions.

Lack of Information: Penny stocks often lack comprehensive financial information and may be associated with less transparent reporting practices.

Higher Risk of Fraud: The penny stock market is susceptible to fraudulent schemes and pump-and-dump scams, making due diligence crucial.

Business Risk: Many companies in this category face higher risks, including financial instability, limited resources, and uncertain prospects.

Long-Term Viability: Not all penny stocks will succeed, and many may face challenges that lead to bankruptcy or delisting.

Investing in multi-bagger penny stocks can be rewarding for investors with the risk tolerance and expertise to navigate this market segment. However, it’s crucial to approach such investments cautiously, perform thorough research, diversify your portfolio, and consider consulting with financial professionals or advisors to make informed investment decisions.

Investing in the best multi-bagger penny stocks requires careful research, disciplined strategies, and risk management. Here’s a step-by-step procedure to consider when looking to invest in these high-potential but often risky stocks:

Define Investment Goals: Clarify your investment objectives, risk tolerance, and time horizon. Determine how much capital you can comfortably allocate to penny stocks.

Risk Assessment: Assess your risk tolerance and understand that penny stocks are highly speculativeBangalore Stock Exchange. Be prepared for significant price volatility and the possibility of losing your entire investment.

Choose a Reliable Broker: Select a reputable and reliable brokerage that allows trading in penny stocks. Ensure the broker offers affordable commission rates and user-friendly trading platforms.

Open a Trading Account: Open a trading account with your chosen brokerage. Provide the required documentation and complete the account setup process.

Fund Your Account: Deposit the capital you intend to invest into your trading account. Verify the account funding process with your chosen brokerage.

Screening Criteria: Develop a set of screening criteria to filter out potentially risky penny stocks. Consider revenue growth, profit potential, liquidity, and competitive positioning.

Research and Due Diligence: Thoroughly research and conduct due diligence on your interest in penny stocks. Examine the company’s financial statements, management team, business model, and industry trends. Evaluate growth potential and associated risks.

Diversify Your Portfolio: Avoid concentrating your entire investment on a single penny stock. To reduce risk, diversify across multiple stocks or asset classes.

Technical Analysis: Utilize technical analysis to identify entry and exit points. Familiarize yourself with chart patterns, trend analysis, and key technical indicators to help you make informed decisions.

Stay Informed: Stay updated on news and events related to your penny stocks. Earnings reports, product launches, regulatory changes, and market trends can significantly impact stock prices.

Execute Trades: Execute your buy and sell orders based on your analysis and research. Consider using limit orders rather than market orders to set specific price points for execution.

Regular Monitoring: Continuously monitor the performance of your penny stock investments. Be prepared to adjust your positions if market conditions or company fundamentals change.

Risk Management: Always have a risk management strategy in place. Determine stop-loss levels and adhere to them disciplinedly to limit potential losses.

Udabur Wealth Management

Saudi Arabia❼first exchange-traded funds (ETFs) that track Hong Kong-listed shares, mainly Chinese firms, are expected to be the largest such funds in the Middle East.Lucknow Stock

Trading of the product, which kicks off on Wednesday on the Saudi Stock Exchange, has raised more than $1.2 billion at the start, issuer Albilad Capital and its partner Hong Kong❼CSOP Asset Management said.

The initial size will surpass the current largest Islamic ETF – Al Rayan Qatar ETF – listed on the Qatar Exchange, LSEG data shows.

As ties grow between Arab countries and Beijing and Hong Kong, the ETFs open doors for Middle East investors to gain easy access to capital markets in the world❼second largest economy.

The Albilad CSOP MSCI Hong Kong China Equity ETF is sharia-compliant, CSOP said, adding that it invests in 30 stocks through a Hong Kong-listed ETF tracking the MSCI HK China Connect Select Index.Jaipur Stock

The top three holdings are delivery platform Meituan , power tools maker Techtronic Industries and sportswear maker Anta Sports.Simla Stock

The product “opens a new avenue for investors to engage with the dynamic growth of China through Hong Kong, all while adhering to Sharia principles,” said Zaid AlMufarih, the chief executive of Albilad Capital.

Another ETF that tracks Hong Kong stocks, SAB Invest Hang Seng Hong Kong ETF, will be launched on Thursday by SAB Invest, an arm of Saudi Awwal Bank.

“At a time when Chinese markets have underperformed in recent years, this launch signals potential for value, particularly for investors in the MENA region, who are prepared to look past geopolitical friction,” said Gary Dugan, chief executive of the Global CIO Office, based in Dubai.

The MSCI HK China Connect Select Index rebounded sharply in September and is up 12% for the first nine months amid a raft of stimulus policy measures by the Chinese government to boost the economy, but saw an annualised loss of 17.9% for the past three years.

Last November, Hong Kong launched Asia❼first ETF tracking Saudi equities – CSOP Saudi Arabia ETF – and has been actively seeking cross-listing opportunities in both capital markets.

Hong Kong❼financial secretary, Paul Chan Mo-po, led a delegation from the financial and innovation and technology sectors to visit the Saudi Arabian capital of Riyadh this week to attract new sources of capital.

The listing of Hong Kong ETFs in the Saudi market creates a win-win situation for both sides, Chan said.

(Reporting by Summer Zhen; Editing by Clarence Fernandez)Jaipur Wealth Management

Hyderabad Stocks

Following Finance Minister Nirmala Sitharaman’s announcement of a reduction in gold customs duty during Budget 2024, customers have rushed to jewellery stores to take advantage of lower gold prices.

This has led to a notable increase in demand for gold, particularly as the wedding season approaches.Varanasi Stock

Since the duty cut, customers in India, the world’s second-largest gold market, have flocked to jewellery stores to buy gold at reduced rates. Many are opting for heavier pieces of jewellery that were previously out of reach when gold prices hit a record high of Rs 74,000 per 10 grams.

Jewellers have reported a rise in daily demand, with some experiencing a surge of up to 20% since the duty reduction. To meet this increased demand, jewellers have cancelled their craftsmen’s leave, anticipating that the high demand will continue through the festive season. India imports nearly all the gold it uses for jewellery and bars.

Following the budget announcement, gold prices have dropped from Rs 72,609 per 10 grams on Tuesday to Rs 69,194 per 10 grams on Wednesday. This Rs 3,415 per 10 grams drop came after the government reduced the customs duty on gold imports from 15% to 6%.

On the Multi Commodity Exchange (MCX), gold prices declined over 1.5% on Thursday, in line with international bullion price trends. The MCX gold rate fell by Rs 1,159, or 1.68%, to Rs 67,793 per 10 grams. Silver prices also dropped sharply, falling more than 4% as traders awaited key economic data from the US.

Internationally, gold prices fell as investors took profits ahead of anticipated US economic data, which could indicate when the Federal Reserve might cut interest rates this year. According to Reuters, spot gold prices fell 0.9% to $2,377.29 per ounce, while US gold futures dropped 1.6% to $2,376.70.

Rahul Kalantri, VP of Commodities at Mehta Equities Ltd, said, “We have seen sharp declines in gold and silver prices in Asian markets due to increased economic concerns in China. However, potential Federal Reserve rate cuts in September could offer some support for prices.”

Jigar Trivedi, Senior Research Analyst at Reliance Securities, said, “The 50% retracement level for gold is around Rs 65,800 per 10 grams, which is a major support level for now. After a period of consolidation, gold prices made a decisive move in JulyJaipur Stock. While a pullback is possible, the overall outlook appears weak.”

Agra Stock

On July 24th, Foxconn’s parent company Hon Hai Precision Industry Co., Ltd., a globally renowned electronics manufacturing service giant, officially released a major investment announcement. Foxconn will invest in Zhengzhou to build a new headquarters building to house its new business headquarters function. This strategic move not only demonstrates Foxconn’s commitment and confidence in the Chinese market, but also heralds a new round of expansion and upgrading of the group’s business landscape.

The first phase of the project is located in the Zhengdong New District, with a construction area of approximately 700 mu (around 116 acres) and a total investment of about 10 billion RMB. The main components include a headquarters management center, R&D and engineering center, strategic industry development center, strategic industry finance platform, industry research institute and key talent center, marketing center, and supply chain management center. These will provide industrial resources, technical capabilities and other relevant support for Foxconn to implement its “3+3” strategy in mainland China. At the same time, around the implementation of the “3+3” strategy, Foxconn will focus on deploying an electric vehicle prototyping center and solid-state battery projects in the Zhengzhou Airport Economic Zone.

Particularly noteworthy is that this investment also clearly reveals Foxconn’s ambitions in the field of new energy vehicles and future energy technologies. The surrounding and associated areas of the building will be laid out for an electric vehicle manufacturing base and solid-state battery R&D and production projects, signaling that Foxconn has officially entered the high-growth track of new energy vehicles. The aim is to drive breakthroughs and applications in electric vehicle and solid-state battery technology through technological innovation and resource integration, to contribute to global green mobility and energy transformation.

Whether in terms of investment scale or strategic positioning, Foxconn’s new business headquarters building has a significant impact. These signals indicate that Foxconn is returning to China, and that they are determined to make the Chinese mainland a major base.

Foxconn Layout of the Indian Market

In sharp contrast to this expansion in Zhengzhou, in 2019, Terry Gou said, “When I build factories in the mainland, it’s to feed the mainland people!” After that, Foxconn has been accelerating its “withdrawal” from China. On the one hand, the scale of many of Foxconn’s factories in mainland China has been continuously shrinking. On the other hand, they are continuously increasing their investment in Southeast Asia and South Asia.

The reason Foxconn is doing this is, on the one hand, to follow in the footsteps of Apple and venture into the huge potential markets of Southeast Asia and South Asia. On the other hand, it is also intended to reduce its dependence on mainland China.

Looking back on Foxconn’s development history, it can be said to be an epic shared with China’s manufacturing industry. Since entering the mainland market in the late 1980s, Foxconn has quickly stood out in the field of electronic manufacturing thanks to its advanced production technology, strict quality control, and efficient production management. With the rise of tech giants like Apple, Foxconn, with its expertise in manufacturing and economies of scale, has successfully become a core supplier for companies like Apple, providing billions of high-quality electronic products for global consumers.

To a certain extent, the mainland China and Foxconn have been mutually successful over the past decades. The mainland has provided Foxconn with favorable policies, abundant cheap labor, and industrial support, helping Foxconn develop and grow into the world’s largest OEM factory. In turn, Foxconn has brought a large number of jobs to mainland China, driving the growth of local economies and exports.

Foxconn Technology Group’s plant in Zhengzhou

At present, many regions in our country, especially Zhengzhou in Henan, have formed a strong employment and economic dependence on Foxconn. The majority of the Apple phones that Foxconn manufactures are now completed at the Zhengzhou base, and Foxconn has become Zhengzhou’s main export enterprise.

Workers at a production workshop of Foxconn’s technology park in Zhengzhou

Statistical data shows that since Foxconn entered Henan, its cumulative imports and exports have accounted for about 60% of the province’s total imports and exports, and the proportion of Zhengzhou’s total imports and exports has reached around 80%. Driven by Foxconn, the Xinzheng Bonded Zone has also achieved leapfrog development, and by 2023, its total imports and exports reached 407.278 billion yuan. The total imports and exports generated by the Xinzheng Bonded Zone alone account for 50.23% of the entire Henan province, and the Xinzheng Bonded Zone has also become the leading comprehensive bonded zone in the country.

However, in recent years, labor costs in mainland China have been constantly rising, and environmental protection policies have become increasingly strict, causing Foxconn’s operating costs to continue to increase. At the same time, emerging markets like India, with their low labor costs, have attracted more and more international companies to invest and build factories. Against this backdrop, Terry Guo began to consider moving 300 billion in production capacity to emerging markets like India, and has since been diversifying its supply chain to shift some of it towards India.

As early as 2015, Foxconn announced the establishment of a production base in India, providing local employment opportunities and technical support. With the continuous development of the Indian market, Foxconn’s investment in the Indian market has been increasing. This year, Terry Guo announced an additional $500 million investment in the Telangana factory in India, which will create 25,000 local jobs.

Foxconn Accelerates Expansion in Mainland China, Driven by Apple’s Reshoring of the Industrial Chain

In recent years, the narrative of China’s low-end manufacturing shifting to Vietnam and India has never stopped. As the world’s largest electronics contract manufacturer, Foxconn has also moved part of its industrial chain to India and Vietnam. However, with Apple’s investment in Indian factories hitting bottlenecks, the situation has reversed.

Reports indicate that the iPhone 15 assembly business in India only accounts for about 10% of the total, and there are numerous issues. The Indian factories rely heavily on importing a large number of components from mainland China, which affects both quality and efficiency. Additionally, the yield rate for iPhone assembly in the Indian factories is only around 50%.

Foxconn’s Sriperumbudur facility in India

These two problems have caused disruptions in shipping products to the European and Chinese mainland markets, impacting sales. Due to the difficulties in assembling the iPhone 15 in India, resulting in product returns, Apple has been forced to significantly discount prices.

After learning from the experience in India, Apple no longer dares to bet its high-end models on the Indian factories. Instead, it has decided to allocate the production of some of the latest high-end iPhone 16 series models to mainland China.

In addition to Foxconn, Apple has also allocated a large number of production orders for the high-end iPhone 16 series to BYD, which is also a partner in assembling iPads.

On March 22, BYD’s president Wang Chuanfu met with Apple CEO Tim Cook at Apple’s China headquarters in Shanghai. During the meeting, Cook stated: “I think there is no place more important for Apple’s supply chain than China.” When meeting with China’s Commerce Minister Wang Wentao, Cook also reiterated that Apple will continue to focus on long-term development in China and will continue to increase investment in China’s supply chain, R&D, and sales.

Foxconn’s investment in the new energy vehicle track may also be related to Apple’s revival of its car project. By following Apple’s deployment, Foxconn has decided to invest heavily in mainland China to consolidate its position in the contract manufacturing industry.

The Decline of the Indian Market

Foxconn’s main reasons for setting up factories in India were twofold. Firstly, to respond to the demands of major clients like Apple and diversify its supply chain to mitigate risk and ensure stable production. Secondly, Foxconn saw India’s massive and cheap labor pool as an opportunity to reduce costsKanpur Wealth Management. Terry Gou believed Foxconn could replicate its success in mainland China anywhere. However, the reality has been harsh, and the Indian market seems to be gradually “falling out of favor”.

To summarize, the Indian market faces several fatal problems:

Firstly, while labor costs are low in India, the quality and technical skills of the workers are not on par with mainland China, leading to unstable product quality and low production efficiency. Although India also has a population of 1.4 billion, its educational attainment is far behind China, as evidenced by the product yield rates.

Secondly, the poor business environment in India has posed great challenges to Foxconn’s operations. India’s attitude towards foreign companies is undergoing a transformation. Initially, India attracted foreign investment by offering tax incentives, but once these companies grew stronger, India started to suppress and exploit them. For example, Wistron arrived in India before Foxconn, but was acquired by the Tata Group and forced to withdraw from the Indian market.

Through the acquisition of Wistron, the Tata Group has become a contract manufacturer for Apple’s iPhones in India and is also negotiating to acquire a majority stake in Pegatron’s Indian factory. Once these acquisitions are completed, the Tata Group will further expand its influence in the electronics manufacturing industry, becoming an important force in India and globally.

To strengthen its position in smartphone manufacturing, the Tata Group has actively headhunted talent. The group has lured a large number of technical personnel from Foxconn’s Indian operations at a high price. These talents have rich experience and skills, and are crucial to Foxconn’s smartphone manufacturing capabilities.

Although India is a country with a massive market, its business environment has long been criticized, with even the Indian media acknowledging that the country’s business environment is not very friendly to multinational companies.

Furthermore, India’s infrastructure and supply chain development lags far behind China’s. The development of manufacturing requires a well-developed supply chain system, including raw material procurement, component supply, and logistics. However, India’s supply chain system has major deficiencies, leading to low production and delivery efficiency for manufacturing companies. Additionally, India lags far behind China in terms of infrastructure such as electricity and transportation.

Lastly, the policy support from the Indian government is insufficient. Although the Indian government has proposed slogans like “Make in India”, the actual level of support is relatively small. Compared to China’s substantial investments and policy support for the manufacturing sector, India’s support is far from enough.

Although India has been trying to emulate China’s manufacturing development, the challenges India faces in infrastructure, labor, government support, and supply chain make it difficult for India to achieve China’s manufacturing status.

Apple’s Supply Chain Still Predominantly in China, but India Cannot be Overlooked

Although there have been frequent reports about Apple’s industrial chain moving out of China in recent years, China still maintains a dominant position in terms of the number of supply chain companies.

In April this year, Apple published its list of annual suppliers for fiscal year 2023 on its website. Looking at the distribution of factories from the list, mainland China has 155 factories, ranking first; Taiwan, China is second with 49 factories, and Japan is third with 41 factories. On the Southeast Asian side, Vietnam has 32 factories, Thailand and Singapore have 23 each, Malaysia has 18, and the Philippines has 16. In addition, the United States and India have 25 and 13 factories respectively.

Not only does China top the supply chain, but it also has a crucial influence on many of Apple’s overseas factories. Taking the example of Apple’s factories in India, they rely heavily on importing a large number of components from mainland China, which affects their quality and efficiency. In fact, factories producing the iPhone 15 in India only account for about 10% of the total.

As Apple’s new 16th-generation phones are about to enter peak production, both Foxconn in Shenzhen and Henan have launched intense recruitment battles, further demonstrating China’s continued importance to Apple.

Since July, leading Apple supply chain companies such as Luxshare Precision, Foxconn, Lens Technology, and Biel Crystal have been aggressively recruiting, with their job postings dominating the recruitment market. Some manufacturers are even “grabbing people” by continuously increasing wages.

China’s supply chain is incomparable to India’s, forcing Apple to make a commercially rational choice to turn to China.

However, there are also reports suggesting the need to be vigilant about the industry chain shifting to the Indian market, as Apple may assemble the iPhone Pro model in India for the first time, led by Foxconn.

Moreover, India is also gradually increasing its infrastructure construction. After the 2024 Indian general election, Prime Minister Modi announced plans to further expand infrastructure construction. In the budget proposal submitted by the new government on July 23, infrastructure investment was given a prominent position.

Prime Minister Narendra Modi met Foxconn Chairman Young LiuBangalore Stock Exchange

The Indian finance ministry official stressed that from 2014 to 2023, India has invested 43.5 trillion rupees in the infrastructure industry over the past 10 years. Modi also stated externally: “The development of the past 10 years is just an appetizer, and the main course will appear in the third term.”

Furthermore, Indian Prime Minister Modi announced the “Future Skills Initiative” in 2018. Since then, the Indian Ministry of Electronics and IT, along with NASSCOM, have been collaborating with the IT industry, using the “Future Skills” platform to provide skills training for more than 200,000 IT employees. Currently, the platform offers skills training in 10 emerging technologies such as artificial intelligence, cybersecurity, and blockchain, covering 70 new job roles and 155 new skills.

Due to the existing demographic dividend, India will have more than 90 million people joining the labor market by 2030. In addition to the government, India’s IT giants have also been investing in employee retraining and skill enhancement, with an annual investment of over 10 billion rupees.Agra Stock

Some analysts suggest that Apple and Foxconn are still expanding in India, persisting in their efforts to move away from China.

Pune Investment

Trading apps have gained momentum in India. However, you must know which app is more suitable for you. This is how you can gain maximum profits. Gone are the days when newbies found it challenging to use trading apps. We are here to help you choose among the top 20 best trading apps in India. These online stock trading platforms ensure you do not face any issues when striking your deals.

Paytm is currently one of the most efficient mobile trading apps. It adheres to the principles of analysis, investment, tracking, and withdrawal, ensuring a smooth and easy trading process. You can rely on this platform for your mutual fund investments. It is a versatile and user-friendly platform for financial management, which makes it an overall app with all the necessary features.

Zerodha is ranked among the top 20 best trading apps in India. As the leading stockbroker, it provides online flat-fee brokerage services for advanced traders seeking to diversify their investments across various platforms. These include commodities, equity, currency, direct mutual funds, government securities, and more. Zerodha is recognised as one of the best stock market investment apps, offering advanced tools for trading purposes.

Beginners do not have much good trading knowledge. That is why their key requirement is to trade at the lowest brokerage chargesNagpur Investment. This makes Paytm one of the top stock trading platforms. The platform offers trading at just Rs. 20 per order, providing a flat brokerage rate for delivery, equity, and intraday derivative trading. Paytm stands out as an ideal broker for beginners interested in mutual funds, offering direct mutual funds at zero brokerage fees. This makes it one of the top 20 best trading apps in India.

Zerodha provides an outstanding online trading platform with a low brokerage fee. This makes it one of the most transparent stockbrokers. Continuous improvement and innovation have also made it the fastest-growing fintech company. Brokers also prefer this trading app for its commitment to delivering trustworthy and reliable services.User Interface

The trading app prioritises user experience by offering a clean and intuitive interface.Real-time DataAgra Stock

It must provide users with live streaming of market prices, charts, and indicators.Multiple Asset Classes

The trading app must offer access to multiple platforms for traders to exploit different investment opportunities.Order Types

Equity trading apps must go beyond basic market orders. They must provide limited orders, stop-loss orders, trailing stops, and conditional orders.Data Privacy and Security

Stock market investment apps should be able to employ robust security measures, like encryption protocols and two-factor authentication.Guoabong Investment

The benefits of using trading apps include the following:Cost-effectiveness

Trading through mobile trading apps can save you more money when compared to a stockbroker. The consulting fee for the specific stockbroker is higher than the fee charged by robo-advisors.Convenience

You will find it easy to do trading on all online stock trading platforms. Just create an account and keep tabs on all your investments at your convenience.Latest Updates

The 20 best trading apps in India are designed to display all your investments. This may also showcase the stock performance in a single interface. Moreover, you can buy and sell your shares and evaluate your profits under a single platform.No Middleman

The top stock trading platforms make sure there are no middlemen in between transactions. Investors can also choose from multiple portfolio suggestions instead of going to brokers for recommendations.Faster Transactions

Placing orders for buying and selling shares is quick on equity trading apps. These apps offer various online payment methods that facilitate the instant transfer of funds between accounts.Practice

Make different imaginary trades and fine-tune your skills with a pretend account. You must pretend as if the money was real. It will enable you to find what works and what does not work without taking any risks.Timing:

Avoid entering a trade during the initial hours. This is because volatility is the strongest at this time of day. Many experts trade intraday between 12 p.m. and 1 p.m. Pricing mistakes and false trends are possible for over-bustle.Watch the Declining Stocks

Analyse all over-performing stocks the same way as your sputtering stocks. You may make mistakes during investments and still expect it to keep paying off. Check for signals of a slowdown or decline. Get out as quickly as possible to avoid losing your trading deals.Do Comprehensive Research

Investigate stocks that you have found through professional intraday calls. Check if there are any related upcoming corporate events. Acquisitions, mergers, bonus problems, and stock splits are just a few examples. These are important in enhancing the technical levels of trading.

Ensure you have these documents handy to open a Trading Account App:

1. ID Proof (Both):Aadhaar cardPAN card

2. Address Proof (Any One):Aadhaar cardPassportVoter IDDriving licenceBank proof

3. Bank Proof (Any One):Bank statementChequePassbookChoose a Brokerage Firm

Conduct thorough research on brokerages. Consider charges, platform interface, and value-added services before choosing one. Decide the trading account you want and then sign in to the trading app after downloading it.Check the Account Opening Process

Inquire about the trading account procedure on the app. Fill out an account opening form and the KYC form.Submit Documentation

Provide identity, residence, and income proofs. You may have to upload your Aadhar, passport, and PAN card photocopies.KYC Verification

The brokerage conducts manual or e-KYC verification after the application submission. Wait for the app to verify your credentials.Activation Process

The account activation happens almost instantly on the app. However, it may take around 3-4 days in rare situations.Android Rating: 3.8IOS Rating: 4.4App Downloads: 10Speciality Company: SEBI registered stock brokerPersonalised price alertsComplete Company InformationSecure and User-Friendly AppStock SIPsReal-time market informationAndroid Rating: 3.9IOS Rating: 3.7App Downloads: 10M+ Speciality Company: Financial ServicesUniversal instrument search facilities across 90,000+ stocks.Sleek user interface for buying, selling, and managing portfolios.Personalised trading with NudgeAutomated trades with GTTOrganising and tracking investments with the Tagging feature.AuctionsAndroid Rating: 4.2IOS Rating: 4.2App Downloads: 10M+Speciality Company: FintechEasy-share transfersFaster dematerialisation & rematerialisation of securitiesPledging facility to avail of a loanView Portfolio FeatureUser-friendly charts for market researchMultiple watchlistsAndroid Rating: 4.3IOS Rating: 4App Downloads: 1 Cr+Speciality Company: Broking FirmUniversal search tool to search for stocksAdvanced charts with 100+ technical indicatorsReal-time market feedUser-Friendly InterfaceProfile APIAndroid Rating: 4.3IOS Rating: 4.5App Downloads: 500K+Speciality Company: Virtual Finance SupermarketOne-click equity investment options for traders.Systematic Equity Plan (SEP) to leverage the power of compounding.E-ATM facility with zero additional costs. Visualise potential profits and losses with the Payoff Analyzeri-Lens feature for stock research.Android Rating: 4.1IOS Rating: 4.5App Downloads: 1M+Speciality Company: Stock BrokingBasket Orders feature to place multiple ordersEasily assess your portfolio’s performance using the P/L filter tool.Increase your trading margin by pledging your stocks for higher volume trades.Single-click transactions.Real-time Order UpdatesAndroid Rating: 4.4IOS Rating: 3.5App Downloads: 5M+Speciality Company: SEBI registered brokerSmart and fast IPO trading with UPIDedicated RMs to simplify investment optionsPortfolio tracker to manage financial investmentsMultilingual App with access to over 11 languagesLive news updatesAndroid Rating: 4IOS Rating: 3.5App Downloads: 10L+Speciality Company: Financial ServicesConsolidated view of orders and positions.Multiple orders for different stocks simultaneously.Interactive charts and technical indicators with advanced charting options. Power Cart FeatureReal-Time Profit & Loss UpdatesAndroid Rating: 4IOS Rating: 3.9App Downloads: 1M+Speciality Company: Subsidiary of State Bank of IndiaTrade in equities, derivatives, mutual funds, ETFs, IPOs, commodities, and currencyAccessible and intuitive platform for both beginners and experienced usersMarket research reports, analyst recommendations, and fundamental dataVisualise market trends effectively with Heat Maps and Bubble MapsAndroid Rating: 4.4IOS Rating: 4.3App Downloads: 50M+Speciality Company: Investment platformDirect mutual fundsOption to invest in digital goldMutual fund tracking and analysisInstant paperless account openingSimple user interfaceReal-time stock alertsAndroid Rating: 4.3IOS Rating: 4.3App Downloads: 5M+Speciality Company: Brokerage firmIn-class charting options for better trading decisionsAdvanced tools like heatmaps to do proper calculationsFree online training sessions to trade better.Android Rating: 4.3IOS Rating: 4.3App Downloads: 1 Cr+Speciality Company: Public Limited CompanyOnline trading at BSE, NSE, and MCX.Online Mutual Fund investment (Direct & Regular MFs)Three different brokerage plans for tradersAndroid Rating: 4.3IOS Rating: 4.4App Downloads: 5M+Speciality Company: Financial ServicesCompetitive interest ratesOne tap to customer supportMinimum 1 lakh margin requiredPersonalised watchlistsStock screenersAndroid Rating: 3.1IOS Rating: 2.6App Downloads: 5L+Speciality Company: A subsidiary company of Axis Bank Ltd.3-in-1 accountA larger number of investment productsFree research reportsExpert classroom sessions and webinarsAndroid Rating: 4IOS Rating: 3.3App Downloads: 1M+Speciality Company: StockbrokerBuilt For Super TradersAdvanced Option ChainInstant Margin BenefitForever Orders with OCOAndroid Rating: 3.1IOS Rating: 2.9App Downloads: 100K+Speciality Company: Mobile trading platformCustomisable LayoutIntegrated Security SystemSecurity Page with Technical and Fundamental DataMulti-leg Option OrdersAndroid Rating: 4.2IOS Rating: 4App Downloads: 10L+Speciality Company: Fin-techPortfolio simulationTechnical screenersAutomated tradingMarket explorationTechnical indicatorsAdvanced chartingAndroid Rating: 3.9IOS Rating: 3.6App Downloads: 500K+Speciality Company: Financial ConglomerateChoice find signalEquity intraday flexibilitiesFree call and trade facilityLive market dataAndroid Rating: 3.6IOS Rating: 2.4App Downloads: 1M+Speciality Company: Financial ServicesReal-time market analytics dataResearch callsSMC robo advisoryTrack multiple stocks on a single-screenTechnical SMS alert facility availableHot key functions for faster tradingAndroid Rating: 3.4IOS Rating: No ratingApp Downloads: 100K+Speciality Company: Mobile trading platform under Alice BlueIn-built stock fundamentalsStrategic insights into the marketTrade-on-the-go with option chain100+ technical indicatorsPredefined basket of stocks

Yes. Mobile trading apps have evolved with time. So, you can trade any asset class from a mobile device. You can also access the tools to implement risk management strategies.Jaipur Stock

Mobile trading apps help a trader be in complete control of their investments. The apps also do not bring in any outsider interference, like brokers. You will also find several important features of these trading apps. Examples include price alerts, market research, historical data, and graphs, which are highly beneficial to an investor.

Most trading apps advertise commission-free trading. However, there can still be hidden fees associated with them. So, make sure to read all terms and conditions before investing in any app.

Begin by selecting a suitable app, downloading it, and registering for an account to set up and manage a Demat account through a trading app. Complete the KYC process by submitting the required documents. Choose the option for a Demat-cum-trading account and link your bank account. Explore the app’s features, fund your account, and start trading after the document verification process.Conclusion:

You must know which are the top 20 best trading apps in India to ensure your deals strike profit. Our curated list will enable you to secure your future trading transactions.

Author Name: Moumita Guin

Note: Our dedicated team conducts thorough research, testing, and validation of products and brands to create articles that are both accurate and reliable.

Author Bio: Greetings! I am Moumita, a dynamic and dedicated content creator with a fervent zeal for crafting captivating stories and informative content. My adventure in the realm of words began during my academic tenure in Journalism and Mass Communication, where I discovered my ardour for content creation. With a rich background in meticulous product research and expansive long-form content development, I am eager to impart my profound insightsIndore Investment. You will find my recommendations and expertise to be of immense benefit.

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