LIC Housing was in a trading range of 245 to 280 level for last one year. But in Mid December, It broke out from the level of 280 and touched a 52 week high of 300. After that it went into a sharp correction and again trading in that 280 level. Now in the process the stock has created a bearish Head & Shoulder pattern.
No one needs an introduction of Infosys. The IT bellwether is always there in the watch list of a serious stock market investor. This stock has never disappointed long term investors but recently it has been generating opportunities for short term investors too. Just have a look at the white spots in the chart below.
Excellent growth since inception, high profit margin, and a consistent performance, eClerx has been one of the most interesting companies in last few years. It has a terrific management team that has taken this company from nowhere to a company which generates about 500 crore in revenue today.
As the effect of recession, many government policies keep on changing from time to time. One of them is the interest policy. Nowadays we can see that interest rates have gone up at unprecedented level due to RBI’s raising policy as their rate is increased by many times in last 2 years. There have been marginal reduction but there is no evidence that this will sustain in future. This policy has highly affected the needs of common people as it leads to increase in the EMIs for home loan borrowers which have gone up by 25%-50% in this period.
Buying home offers the advantage of providing us not only shelter but also tax benefits. Tax benefits can be claimed on principal as well as interest payment. Let’s take a look at how we can take advantage of such schemes and what should be the tax liabilities in different scenarios.
Buying home is a tough task. Home buyers have to first locate a city where they wish to live for most of their life, find the location within the city where they can afford, and finally apply for home loan to book home. There is lot of effort in locating right place, finding the right home, and surroundings to live in. There is another set of processes for home loan. The complexities involved in each of these steps are so much that buyers get bogged down by the sheer details and processes. While there is no help in finding the location and your dream home as individuals tastes differ, there are these helpful steps by banks to pre-approve the loan for individual buyers.