Full Time Trader. Stocks | Economy I Hotels I Cards I Long India | Political Views Past- Bank of America, D.U
Joined October 2009
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Going forward, you won’t be allowed to buy U.S stocks directly from India.
- RBI has proposed to abolish the LRS limit for Capital Account transfers, i.e from $250,000 to $0 under automatic route.
- Basically, this will kill the model of foreign investing or the ability to invest outside India.
Source: Zee Business
RBI has proposed a new sub-limit on certain transactions under the Liberalised Remittance Scheme (LRS)
Proposed Limit: INR 50 lakhs ($55,000)
- Business travel and pilgrimages may be brought under the proposed Rs 50 lakh sub-limit.
- Education and Health care will be kept outside the limit.
These are part of measures to curb dollar outflows and support foreign exchange reserves.
Overall LRS limit is likely to be maintained at $250,000 per year.
Big margin hit taken by Larsen and Tourbo “L&T”
- EBITDA margin comes in at 8.7% vs expectations of 9.7% due to cost pressures and sales mix
- Management commentary on the path ahead for margins will be important
- Margins declined from 6.2% to 5.7% in Infrastructure and Utilities segment while it declined to 7.4% from 8.2% in Conventional Energy segment
Rest numbers look fine including massive order-book.
Revenue: ₹78,750 Cr vs ₹67,983 Cr YoY, up 15.8%
Net Profit: ₹5,202 Cr vs ₹3,926 Cr YoY, up 32.5%
EBITDA: ₹6,845 Cr vs ₹6,806.5 Cr YoY, up 0.6%
EBITDA Margin: 8.7% vs 10% YoY, contracted 130 bps
Order Inflow: ₹1.47 Lakh Cr vs ₹1.2 Lakh Cr YoY, up 27.5%
Order book stands at 8.5 lakh crore.
Posted about Swiggy at ~280-300 that it will go below 200 and 100 in months to come.👇
Brokerages have come out with a 2031 estimates for Swiggy with targets of 100% upside.
I think you should stay AWAY from the counter.
Swiggy businesses into quick commerce requires cash burn to gain market share as well as regular capex for dark stores etc. Given its current financial and competitive landscape involving Blinkit, Amazon, Flipkart, Tata’s and Reliance, Swiggy won’t live till 2031.
The shares should slowly and steadily move towards sub 200 and sub 100 before being acquired in next 2-3 years. Current price is 285.
Not a buy or sell advice.
Approximately ₹4.90 lakh crore liquidity gets released today from the Jio Platforms IPO as it gets listed tomorrow on October 28.
Category-wise breakdown:
• QIB: 70.55x (~3.87 lakh crore)
• NII: 14x (~57,109 crore)
• Retail: 2.72x (~25,867 crore)
• Plus employees and RIL shareholders
The listing pop up, liquidity availability, LTCG rumours will provide support to the stock markets as US goes into the Midterms on November 3.
#StockMarkets #Nifty
Tomorrow Jio Platforms is listing.
Jio’s proposed market cap: ₹10 lakh crore.
In the most bullish scenario, if 20% pop-up happens, it adds: ₹2 lakh crore → listed market cap of Jio becomes ₹12 lakh crore
• RIL’s stake: 66% of the pop-up value = 0.66 × ₹2 lakh crore = ₹1.32 lakh crore
0.70 × ₹1.32 lakh crore = ₹0.924 lakh crore (≈ ₹92,400 crore)
• Assuming, Holding-company discount of 30%, Reliance Industries may add 92,000 crore of market cap.
- It means, Reliance Industries may rise by around 5%
If the listing pop up is 10%, it may result in 2.5% rise in Reliance shares.
Nothing to do in the stock markets, just sitting back quietly watching for the downward bias to halt and the bulls to show some signs of life.
Bastion Goa!
The LTCG tax relief chatter has picked up significantly over last two days.
Will it be done now or in Budget 2027?
My bet is sooner than later!👇
#STT #LTCG #StockMarkets
RS retweeted
India's Capital Markets Taxation: The Big Voices Are Speaking Up
Vallabh Bhanshali — Co-founder, Enam Group | 19 October 2026
“I think it should never have been there. And if there is no one in the world taxing FIIs the way we are doing, why should we have been doing it?”
Samir Arora — Founder, Helios Capital | 23 October 2026
“How can taxes not matter?” Arora argued that India competes with other markets for global capital and that lower taxation could improve India's attractiveness. He questioned why India should maintain taxes that put foreign investors at a disadvantage relative to other destinations.
Ajit Dayal — Founder, Quantum Advisors | October 2026
“I can state with confidence that, in 36 years of interaction with FPIs, we have never seen such dismay.”
Akash Prakash — Veteran investor, Amansa Capital | October 2026
“I have been investing in Indian equities for over 30 years. Rarely have I seen foreign sentiment this bad. All allocators are upset about the capital gains tax”
Ketan Dalal — Founder, Katalyst Advisors | 19 October 2026
“One of the greatest disadvantages ... foreign portfolio investors face is that the taxation of capital gains is in rupee terms and not in dollar terms.”
Soumya Kanti Ghosh — Group Chief Economic Adviser, SBI | 12 October 2026
Soumya Kanti Ghosh — Group Chief Economic Adviser, SBI | 12 October 202
SBI's Ecowrap recommended examining the abolition of long-term capital gains tax on equity, alongside extending the holding period to two or three years. Its argument focuses on attracting more stable capital and improving policy predictability.
Nilesh Shah — MD, Kotak Mahindra AMC | 13–16 October 2026
“Undoubtedly, the dual taxation by way of STT as well as capital gain is something which has bothered investors both globally as well as locally.”
What is your view?
Swiggy now conveniently below 200. Hit lower circuit today.
The company is on track to be acquired/sold for peanuts.
Brokerages have come out with a 2031 estimates for Swiggy with targets of 100% upside.
I think you should stay AWAY from the counter.
Swiggy businesses into quick commerce requires cash burn to gain market share as well as regular capex for dark stores etc. Given its current financial and competitive landscape involving Blinkit, Amazon, Flipkart, Tata’s and Reliance, Swiggy won’t live till 2031.
The shares should slowly and steadily move towards sub 200 and sub 100 before being acquired in next 2-3 years. Current price is 285.
Not a buy or sell advice.
Swiggy now almost knocking at 200.
Just last quarter, brokerages were giving buy reports on Swiggy with 100% upside on the basis of 2031 estimates.
Stock is down 40% since those reports.
Brokerages have come out with a 2031 estimates for Swiggy with targets of 100% upside.
I think you should stay AWAY from the counter.
Swiggy businesses into quick commerce requires cash burn to gain market share as well as regular capex for dark stores etc. Given its current financial and competitive landscape involving Blinkit, Amazon, Flipkart, Tata’s and Reliance, Swiggy won’t live till 2031.
The shares should slowly and steadily move towards sub 200 and sub 100 before being acquired in next 2-3 years. Current price is 285.
Not a buy or sell advice.
Happy Birthday to the greatest Home Minister India has ever seen, after Sardar Patel!
We did not see Sardar Patel’s era, we are lucky to be witnessing kaka @AmitShah era!
#HappyBirthdayAmitShah
