TOP 10 ALL TIME BOOKS FOR STOCK MARKET

DON’T MISS OUT ON THE ALL-TIME BEST RATED BOOKS
Books are always a good source of learning from other’s knowledge. In a field like stock investment, it is important to understand the basics regarding stock trading, as the lack of knowledge can lead to financial losses. It is rumored and often said that Warren Buffet spends 80% of his time reading books!
Check out these best stock market books to enhance your knowledge and wisdom and be asmart investor in the stock market.

1.ONE UP ON WALL STREET – PETER LYNCH 

This is a classic for investors who do not aim to turn into the Warren Buffets of the industry.The average investor has plenty of advice to achieve financial success the smart way. It talks about finding the “tenbaggers” -the stocks that appreciate tenfold from the initial investment and eventually a few tenbaggers will turn an average stock portfolio into a star performer. Peter calls out to the each investor and puts faith in each individual’s inane ability and knowledge to show the power of common knowledge (take advantage of what you already know) to predict the stock market to make money in stocks and keep an open mind to new ideas to uncover great investment opportunities.

The book is filled witty remarks and is written in an extremely easy go hunky manner. It’s entertaining and informative, and you’ll be compelled to finish the book as soon as possible. The book though written in an easy manner cannot be considered as a shortcut to easy success. There are no magic formulas to attain riches and homework is always necessary.

Another superb book on stock trading is written by Peter Lynch. The author is one of the successful fund managers who averaged an annual return of 30% for a period of 13 years from 1977 to 1990. The book explains the basics very well and covers all the aspects from planning to trade,stock details and-the long-term investment approach.

2.THE INTELLIGENT INVESTOR – BENJAMIN GRAHAM

 Who can deny advice from the greatest investor of the twentieth century and if it is Benjamin Graham, no one can ignore the timeless wisdom that he is going to impart. Graham believed in the philosophy of loss minimization and not profits maximization-a theory which at the instance sounds weird but it the strategy that true investors should follow. This philosophy works for the long term investors who use their research, analyzing and analytical power and years of discipline and experience to make sound investments. The book puts forward a realistic picture of the Wall Street without any form of contortion. Grab this book immediately to attain your financial goals as this book is the Bible of investment for everyone associated with the stock market.

3.THE WARREN BUFFET WAY – ROBERT G. HAGSTROM

This is a good book and you will enjoy some insights into the most successful investor of all times, Mr. Warrant Buffet – the book provided the first look into the strategies that the master uses to pick stocks. The author Robert Hagstrom even goes on to the process of building a superior portfolio, revealing how to profitably manage stocks once you select them.

4.THE LITTILE BOOK THAT BEATS THE MARKET-JOEL GREENBLAT

The book ‘The little book that beats the market’ describes a ‘MAGIC FORMULA’ for selecting stocks. This formula gave brilliant returns when applied by determined and patient investors.

The magic formula given by the author is an efficient way of selecting the stocks. The formula consists of two key factors. They are: Earning yield & Return on Capital. If you consider these two key factors for any stock market before investing, then the result will surely be amazing. Bdw, this formula is also applicable in the Indian stock market.

 

5.A RANDOM WALK DOWN WALL STREET- BURTON G. MALKEIL

The updated version of this Wall Street classic helps investors understand important stock market concepts including exchange-traded funds (ETFs), emerging market investments, Zlong been established as one of the best book to purchase when starting a portfolio.

6.TRADING TO WIN–ARI KIEV

This top stock-trading book is designed to help traders align their psychological motivations with their trading strategies and goals in order to be a successful investor. A collaborative effort of 5-years between an experienced psychiatrist and a seasoned equity trader, this book explains every aspect of a trader’s psychology and behavioral principles which could help a trader overcome the obstacle and become a disciplined trader.

7.COMMON STOCKS AND UNCOMMON PROFITS – PHILIP A. FISHER

It is one of the finest books covering the practical aspects of stock market investments. Another pioneer in the world of financial analysis, Philip Fisher has outlined his approach on hunting for quality stocks based on their growth potential. The book teaches investors how to analyse the quality of a business and its ability to produce profits.

  1. HOW TO MAKE MONEY INN STOCKS-WILLIAM O’NEIL

There is nothing much to be written about this book, because its sale and its performance speaks all about it. A national bestseller How to Make Money in Stocks is a seven step guiding reference for minimizing risk and maximizing gains to build generation of wealth for investors.

The book is enlisted with strategies that allow for finding winning stocks before making big price gains. It also provides tips for better investment of money in stocks, mutual funds, and ETFs to maximize gains. But the best deal is that book helps you decode the twenty one mistakes that every investor makes.

The book is a magnum opus and has comprehensive details covered about the stock market.

Neil’s CANSLIM strategy that allowed him to turn into a multi-millionaire is a time proven strategy that demonstrates how the equity (stock) market(s) really work – for the passive, minority, outside investor.

The 80/20 approach invented by Neil talks about the investor achieving 80% success with 20% effort is based on the idea proprietary metrics and tools.

The book is a classic and its trading advice is still relevant in today’s time. This pocket pinch is a must for investors who want to enjoy a great deal of wealth.

9.WHEN TO SELL - JUSTIN MAMIS

The name of the book itself suggests there is ample of things to learn from it.

So, buying it is mandatory if you are looking for the answer to the question when is the right time to sell my stocks.

Mamis spent several years as an “upstairs” Member-Trader for Phelan, Silver, an NYSE specialist firm and therefore he is the perfect mentor for investors looking to invest without the working knowledge of the stock exchange.

Mamis in a very layered fashion discusses the market indicators to understand the correct time for buying and selling, and also explains the trade secrets of the trading floor and how the professionals — the “they” many investors refer to grudgingly — benefit from herd psychology.

This book reveals the psychology of the average investor who prefers to lose but is most likely to win in the race.

Mamis takes minutest details into account and explains meticulously the details of how to sell your stocks to earn a bigger profit and when to sell it short to ensure you prevent yourself from digging a hole in your pocket.

Interestingly, he highlights the idea of the stock market as an ideal place to run through a variety of human emotions. From the thrill of earning money, to the guilt of losing it all, Mamis very truly identifies the human weaknesses and weaves them into this informative piece.

His writing has an ease which reflects his experience and knowledge accumulated over the years. Keep this book handy to use if you are interested in stock picking.

10.MARKET UPDATES-Jack D. Schwager

Trade secrets our always beneficial and if they are from the market wizards, there should not be anything to stop you from making it big in the stock market.

And to achieve that you need to grab a copy of the national best seller Market Wizards. Schwager in a unique format reveals the essential formula which helped the top traders to amass this ton of wealth.

Interestingly, Schwager does not interfere with the words of wisdom of these top traders and allows reader to hear them directly as advises that should shape their own bright future.

The likes of Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, and Tom Baldwin have been interviewed by Schwager to come out with the story of their sensational trading coups.

Despite the differences in each trader’s market area and approach, the themes remain consistent.

The book is noteworthy of keeping it in your library not because of the trading patterns revealed or the techniques that are sure to work out but because it throughout tries to instill in the reader the idea that each and every trader will have to develop their own success path, realize their own follies and move ahead to achieve success in trading.

SBI Cards IPO Date, Price Detail and Allotment Status

SBI-Cards-IPO

Summary of SBI Cards IPO

SBI Cards IPO: Issue to open on March 2; price band likely at Rs 745-775

SBI Cards IPO: The firm plans to issue fresh shares worth Rs 500 crore and offer up to 13.05 billion shares for sale. Bidding process for the IPO will close on March 5

Let’s have a detailed review of the company and analytics of the SBI Cards IPO release date, IPO offer price, subscription, SBI Cards IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

 

Do you know they are the second-largest credit card issuer in India, with a 17.6% and 18.0% market share of the Indian credit card market in terms of the number of credit cards outstanding as of March 31, 2019 and September 30, 2019, respectively.

 

And a 17.1% and 17.9% market share of the Indian credit card market in terms of total credit card spends in fiscal 2019 and in the six months ended September 30, 2019, respectively, according to the RBI.

They have established a proven track record of consistently generating profits over the past three fiscal years. The total income increased from Rs.34,710.38 million in fiscal 2017 to Rs.72,868.34 million in fiscal 2019 at a CAGR of 44.9% and their revenues from operations have increased from Rs.33,462.03 million in fiscal 2017 to Rs.69,991.11 million in fiscal 2019 at a CAGR of 44.6%.

Their net profit increased from Rs.3,728.59 million in fiscal 2017 to Rs.8,627.19 million in fiscal 2019 at a CAGR of 52.1%. The ROAE has remained stable at 28.5% in fiscal 2017 and 28.4% in fiscal 2019, while their ROAA increased from 4.0% in fiscal 2017 to 4.8% in fiscal 2019.

SBI Cards IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

 

Face Value Rs 10
Price Band Rs 750-755
Listing At BSE/ NSE
Min. Order Quantity
Listing Date2 2March 2020
Offer for Sale 130,526,798
Fresh Issue Rs 5000 million

Eligibility for applying in SBI Shareholders Quota

  • SBI Shareholders i.e. individuals and HUFs who are equity shareholders of SBI can only apply.
  • The person on whose name the IPO application is made needs to be an SBI shareholder. Any other individual cannot apply in this category.

Maximum Eligible Bidding Limit in SBI Shareholders Quota

Scenario Maximum Eligible Bidding Limit
1 Applying only in Shareholders Category (as retail individual shareholder) ₹200,000 in Shareholders *
2 Applying Shareholders and Retail Category Both ₹200,000 in Shareholders

₹200,000 in Retail

3 Applying in:

Shareholders Category

RII Category

Employee Category

 

SBI Employees Reservation in SBI Cards IPO

Full-time or permanent employees of SBI (as on RHP filing date) can apply in the SBI Employees category of SBI Cards IPO. The maximum limit defined to apply in the Employee category is ₹5 lakhs. The maximum allotment to employees cannot be above ₹2 lakhs when the category is fully or oversubscribed. In case of under-subscription in the employee category, the unsubscribed portion will be available for allocation, proportionately to all Eligible Employees who Bid above ₹2 lakhs, subject to maximum limit not exceeding ₹5 lakhs.

If applying in multiple categories, the maximum limit will be as below:

 

Ø  Category Ø  Maximum Limit
Ø  Employee Category Ø  Maximum ₹5 Lakhs
Ø  Shareholders Category Ø  Maximum ₹2 Lakhs
Ø  General Category Ø  Maximum ₹2 Lakhs

SBI Cards IPO Financial Summary

On the basis of Standalone statement:

Amount (in INR & million) 
September
30, 2019
September
30, 2018
March 31,
2019
March 31,
2018
March 31,
2017
Total Assets 244,591.43 176,035.04 202,396.34 156,860.02 107,649.85
Total Revenue 46,772.08 33,422.74 72,868.34 53,701.92 34,710.38
Total Expense 36,426.23 27,623.98 59,552.35 44,508.47 28,994.15
Profit After Tax 7,258.82 3,766.10 8,627.19 6,011.43 3,728.59
EBITDA 1 7,037.82 1 0,826.19 2 4,299.10 16,553.49 11,048.47

 

Earnings per Equity Share (in Rs.million)

September
30, 2019
September
30, 2018
March 31,
2019
March 31,
2018
March 31,
2017
Basic & Diluted 7.79 4.20 9.43 7.40 4.75

 

SBI Cards IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

 

  • Second largest credit card issuer in India with deep industry expertise and a demonstrated track record of
    growth and profitability
  • Diversified customer acquisition capabilities
  • Supported by a strong brand and pre-eminent promoter
  • Diversified portfolio of credit card offerings
  • Advanced risk management and data analytics capabilities
  • Modern and scalable technology infrastructure
  • Highly experienced and professional management team

 

SBI Cards IPO Offer Details or Issue Details

Particulars  No. Of Equity Shares
 Equity Shares Offered Up to [●] Equity Share aggregating up to Rs.million
 Of which:
Fresh Issue Up to [●]Equity Share aggregating up to Rs.5,000 million
Offer for Sale Up to 130,526,798 Equity Shares aggregating up to Rs.million by the Promoter Selling Shareholder
 QIB Portion Upto Equity Share of face value of Rs.10/-
 Of which
Anchor Investor Portion Up to [●] Equity Shares
Balance available for allocation to QIBs other than Anchor Investors (assuming Anchor Investor Portion is fully subscribed  [●] Equity Share
 Of which
Available for allocation to Mutual Funds only (5%of the QIB Portion (excluding the Anchor Investor Portion) [●] Equity Shares
Balance of QIB Portion for all QIBs including Mutual Fund
Non- Institutional Portion Not more than [●] Equity Shares
Retail Portion Not more than [●] Equity Share
 Equity Shares outstanding prior to the Issue 932,334,278 Equity Shares
 Equity Shares outstanding after the Issue [●] Equity Shares

 

Note:

  • Investors Portion: QIB = Not More than 50% of the offer, NII = Not less than 15% of the offer and Retail = Not less than 35% of the offer
  • Employee Reservation Portion: Up to 1,864,669 Equity Shares
  • Shareholders Reservation Portion: Up to 13,052,680 Equity Shares

Ujjivan Small Finance Bank IPO Details and Status.

IPO Preview:                             IPO ALLOTMENT STATUS

            

Ujjivan Small Finance Bank IPO:
Excellent anchor book quality
Valuations attractive
Apply for smart listing gains and for long term as well

 

Ujjivan Small Finance Bank facts

₹ 7,957 Cr.

Total deposits*

₹11,783 Cr.

Total loans disbursed*

₹ 200 Cr.

Net profit in FY19

~47L

Total customers*

Loan portfolio breakup

Incorporated in 2017, Ujjivan Small Finance Bank Limited (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country. USFB Bank is promoted by Ujjivan Financial Services Limited (UFSL) which is an NBFC providing financial services to the economically active poor, who are not served by the Financial Institutions.

UFSL offers small size loan products to economically poor women, individual loans to Micro and Small Enterprises (MSEs). It follows the integrated lending approach where the company considers technology infrastructure and back-end support functioning before lending.

USFB has a wide presence across 24 states and union territories in India. As on 30 June 2019, it has 4.72 million customers, 474 Banking Outlets, 387 ATMs, two 24/7 phone banking units (in Bengaluru and Pune) and 50 additionally operated Asset Centres. Customers can use USFB mobile banking application in 5 languages.

USFB Loan Product

  1. Agriculture and allied loans
    2. Affordable housing loans
    3. Loans to micro banking customers
    4. Personal loans
    5. Financial institutions group loans
    6. Vehicle loans
    7. MSE loans

The bank has a diversified portfolio offering savings, current & deposit accounts, Aadhaar enrolment services, ATM-cum-debit cards, point of sales terminals, and distributing 3rd party insurance products. USFB is focussed on digital platform and provides bill payments, SMS banking, mobile banking, RuPay Platinum debit cards, internet banking, biometric ATMs services digitally. The bank also allows registering savings account on UPI based mobile applications. It has an automated tablet-based loan origination system, digitalised credit processing and automated receipt collection system to reduce the turn around time of customers.

Competitive Strengths

  1. Serving mass-market segment of unserved and underserved
    2. Multiple delivery channels
    3. Pan-India presence
    4. Digitally advanced platform
    5. An established risk management framework

Company Promoters:

Ujjivan Financial Services Limited (UFSL) is the promoter of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ in Million)
30-Sept-19 31-Mar-19 31-Mar-18
Total Assets 1,61,078.96 137,422.15 94,728.73
Total Revenue 14,348.57 20,375.75 15,793.55
Profit After Tax 1,871.10 1,992.18 68.63

Objects of the Issue:

USFB proposes to utilize the Net Proceeds from the Issue towards following objects:

  1. Augmenting the Bank's Tier - 1 capital base to meet our Bank's future capital requirements
    2. Meeting the expenses in relation to the Issue
    3. Receive the benefits of listing the Equity Shares on the Stock Exchanges

Ujjivan Bank IPO Details

Issue Open Dec 2, 2019 - Dec 4, 2019
Issue Type Book Built Issue IPO
Issue Size 208,333,333 Eq Shares of ₹10
(aggregating up to ₹750.00 Cr)
Face Value ₹10 Per Equity Share
Issue Price ₹36 to ₹37 Per Equity Share
Market Lot 400 Shares
Min Order Quantity 400 Shares
Listing At BSE, NSE

Ujjivan Bank IPO Tentative Date / Timetable

Bid/Offer Opens On Dec 2, 2019
Bid/Offer Closes On Dec 4, 2019
Finalisation of Basis of Allotment Dec 9, 2019
Initiation of Refunds Dec 10, 2019
Credit of Shares to Demat Acct Dec 11, 2019
IPO Shares Listing Date Dec 12, 2019

Ujjivan Bank IPO Lot Size and Price (Retail)

Application Lots Shares Amount (Cut-off)
Minimum 1 400 ₹14,800
Maximum 13 5200 ₹192,400

Ujjivan Bank IPO Promoter Holding

Pre Issue Share Holding 94.40%
Post Issue Share Holding 83.32%

Important Note:

  • Pre-IPO Placement of 71,428,570 Equity Shares (Aggregating to ₹250 crore)
  • Cut off date for shareholder category: 22nd Nov
  • Investors Portion: (a) QIB: 75% of the net issue (60% of QIB to Anchor Investors) (b) NII: 15% of the net issue (c) RII: 10% of the net issue
  • Shareholder category reservation: Rs 75 crore (Rs 35 per equity share)

 

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