India has over 80 million credit cards with significantly less penetration than larger markets. Such is the extent of underpenetration that the largest markets (US and China) have 1.07 billion and 780 million credit cards issued, respectively.

The Indian middle class appears to be on a spending binge. Credit card spending topped Rs 1.16 trillion in July, a 6.5 per cent growth month-on-month and 54 per cent year-on-year. Spends have stood at Rs 1 trillion for five running months now.

Fresh card issuances were at 1.53 million in July and crossed the 80-million mark. HDFC Bank led the issuer pack with 344,364 credit cards added in July and its base stood at 17.94 million, followed by Axis Bank with 227,614 cards (9.93 million cards), and SBI Cards with 218,933 cards (14.5 million).

Another build-up was the maturing of credit-bureau data — card issuers came to have a larger pool of histories in which to tap — ranging from home, auto, gold to personal loans.

Simply put, more credit equals more growth. On the other hand, regulators benefit equally from credit information sharing, as this helps in lender supervision and risk and trend monitoring

Rising credit card and UPI payments indicate an increase in consumption amid the recovery in economic activities

Medium Term Call

Buy DreamFolks CMP 412

TGT 515

SL 360 (closing)


Risk Reward 1:2😃

Gokulagro + 20%


96🚀🚀🚀


Upper circuit 💪💪


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Gokulagro Today + 13%


109🚀🚀🚀


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Gokulagro Today again + 18%


125🚀🚀🚀 Rockkeet

Nifty Spot levels


Nifty made strong resistance at levels of 18200 and trading in overbought zone Nifty can correct around 300-500 points from CMP 18050.

Keep light position in Long

DreamFolks 8%+


440🚀🚀

BTST

AllCargo

All Cargo

+2%🚀🚀

450 to 463

All Cargo

+4%🚀🚀

450 to 473

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All Cargo


450 to 495 high 🚀🚀

BTST CASH


Union Bank Of India

Union bank of india

3.5%+🚀🚀

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Short Term Call

Buy TVS ELECTRONIC 300-305


TGT 340 - 375


SL 275 (closing)


Risk Reward 1:2 🤝

*🌹India Daybook – Stocks in News*


*NBCC:* Bags Construction Order Worth Rs 69.3 Crores From Odisha Power Transmission Corporation (Positive)

*DFM Foods:* Outcome of Reverse Book Building Process / Delisting Process Discovered Price of Rs 525/ Share (Positive)

*BPCL:* To consider proposal on investment in major projects (Positive)

*Ipca Laboratories:* The company has acquired an additional 6.53 percent stake in Trophic Wellness (TWPL) (Positive)

*IRCTC:* LIC's holding in IRCTC increases to 7.28% from 5% since Oct 17 (From Agencies) (Positive)

*Hinduja Global:* Board Approves Buyback Of 60 Lakh Shares Worth Rs 1,020 Crore Via Tender Offer (Positive)

*Vikas Lifecare:* Material subsidiary Genesis Gas Solutions has received the technical advisory contract from Dornier Group GmbH. (Positive)

*IRB Infra:* Board meeting on Jan 4 to consider stock split (Positive)

*Minda Corp:* Exports to increase from 12% of business to 20% (Positive)

*Aviation stocks:* Domestic Traffic Jan-Nov +52.19% at 11.05 Cr (YoY) (Positive)

*Hind Zinc:* Company is planning to invest over $1 billion to convert its diesel-fired mining vehicles into battery-operated ones (Positive)

*Just Dial:* Promoter Reliance Retail Ventures To Sell 2% In Company (Neutral)

*SW Solar:* Promoters To Sell Upto 5.27% Stake Via OFS (Neutral)

*HDFC:* Had revised its Retail Prime Lending Rate On Housing Loans (Neutral)

*Dabur:* Promoters are likely to sell shares worth Rs 800 crore via block deals (Neutral)

Alert - Expecting one bounce back in Nifty from levels near 18000 spot

TVS electronic SL hit 💔

Don't sell good quality long-term shares in panic we might be near bottom just have patience for few days.

Time to add some Niftybees and Good Quality Stocks

Fine organic
Infosys
JK Cement
Bajaj Finserv
Maruti
Dmart

Buy on every dip of 5%