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L&T Infotech, HAL, P&G: Top Stocks For Investors on May 5 News18 6 hours ago News18 © Provided by News18 L&T Infotech, HAL, P&G: Top Stocks For Investors on May 5
Despite weak global cues and all eyes on RBI Governor Shaktikanta Das’ unscheduled speech at 10am, Indian benchmark indices opened on a positive note on Wednesday, May 5. At 09:02 IST, the BSE Sensex was up 397.51 points or 0.82 percent at 48,651.02, while the Nifty was up 134.90 points or 0.93 percent at 14,631.40.
Top stock to look for the day:
Larsen &Toubro Infotech: The company reported a consolidated profit of Rs 545.7 crore in Q4FY21, as oppposed to Rs 519.3 crore in the same quarter in the previous year. The revenue rose to Rs 3,269.4 crore from Rs 3,152.8 crore.
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Synopsis
L&T Mutual Fund has launched an integrated digital campaign called Late Lateef 2021 to reiterate the importance of investing early in ELSS for tax saving.
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L&T Mutual Fund, an asset manager with total AUM of Rs 70,191 crore (as on Nov 30, 2020), has launched an integrated digital campaign called Late Lateef 2021 to reiterate the importance of investing early in Equity Linked Saving Scheme (ELSS) for tax saving. The essential theme of the campaign is to educate masses on avoiding procrastination in everyday life and the snowball effects of delaying important tasks. Through the Late Lateef 2021 digital campaign, the fund house plans to reach out to a larger pool of users, including millennials, who are interested in ELSS as an instrument to save taxes and also create awareness about the tax-saving tool. Millennials, who formed about 47% of new mutual fund investors in FY19 as per the latest data provided by Computer Age Management Services Limited ( CAM
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