Revised GST Rates on June 2022 in India- effective from July 18. And the revised GST rates will be applicable from July 18 onwards which will lead to an increase in the cost of several goods and services.
With the mega gains Rivian Automotive has experienced in pre market by adding almost 50% to its price the news has gripped the EV investor community.
RIVN stock has been victim of trading. A single trader purchase $14 call options and $13 call options both set to expire on June 28.
If pre market gains hold and extend even further until the June 28 deadline the profit will multiple.
If Rivian stock currently trading at $16.95 in pre market maintains its upward momentum the holder of options stands to make substantial profits that measure in million from this investment of $16,000.
RIVN stock rise has caused millions of dollars worth of losses to short sellers with high interest of 18.85% in Rivian shares and average coverage of 4.48 days the most of them liquidated.
The high level of short seller activity combined with stock surge could cause a potential short squeeze of RIVN stock pushing its price hike.
The bad performance of RIVN stock since start of 2024 where if lost 43% of its value during past six months there have been only 7 sales for total of 128,945 RIVN shares have been worth over $1 million.
Bulls have shifted the gears and running in a one way zone. Straight 5th day gain for Dalal Street. The Sensex was up 72 points to 26725.6 while the Nifty was up 21.85 points to 8178.5About 1229 shares have advanced, 1377 have declined while 188 were static. Hindalco jumped 12.02 percent to 102.95.
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STOCK #MARKET #TIPS 9June:: GST Bill is hanging since so long and finally there are some news coming in positive way. In coming couple of quarters, GST is expected to get green signal as BJP could be able to find majority in Rajya Sabha this time.
Indian equity market is cheering with neutral to positive trend. FIIs have cleared their intentions. Volatility is likely to continue for some more time as the market awaits a bigger trigger events which could come in the form of earnings growth.
The Goods and Services Tax (GST) is a value added tax that will replace all indirect taxes levied on goods and services by the Government, both Central and States, once it is implemented. GST or Goods and Services Tax is considered as major Tax reform policy in India which will be implemented from January 2016 if passed in next Parliament session.
STOCK #MARKET #TIPS:: Nitin Spinners Ltd. is emerging as one of the favorite stocks for majority of the investors. Valuation of the stock is tempting at current levels as revenue growth was good and looking more stable in future too. Stock is trailing at 4x PE which is very reasonable.
Real Estate sector is overall down from last 2 years. There is too much of unsold inventory in the market, there are troubles for working capital needs of builders due to unsold projects. Government has already taken steps to boost real estate demand by announcing extra interest rate deduction of 50 thousand from income taxes.
StockMarketTips:: In the recent past time, pharma sector was dealing with tough time as US FDA has completed more than 400 observations. US FDA tracked nearly all pharma companies and everyone was under inspection. This inspection dragged the pharma stocks significantly but at current levels the stocks are looking under valued.