GM

🇮🇳 Indian & Global Markets | Macro | Geopolitics | Technicals + Fundamentals | Connecting dots early

[GM @Techno_Funda_]

IFCI (CMP ₹106)

NSE IPO story still has legs.

Indirect stake via SHCIL (52.86% holding, which owns 4.4% of NSE) could alone be worth ~₹9,800 cr at ₹1,700 listing price - over a third of IFCI's current ₹28,000 cr market cap.

Value unlocking play, not a fundamentals story.

#IFCI #Investing

[GM @Techno_Funda_]

Instead of chasing #NSE in the grey market, #NSDL (CMP 821) could be the smarter play - it can pick up 15-20% momentum in the run-up to the NSE IPO itself.

[GM @Techno_Funda_]

#Industower is the better business and #vodaidea is the more exciting story.

[GM @Techno_Funda_]

#Industower (CMP 379) make sense at the current valuations and technical parameters.

[GM @Techno_Funda_]

Jayaswal Neco Industries Ltd (CMP 89)

A stock that fell from ₹84 to ₹2 and was left for dead is back at ₹89 after 17 years.

The comeback finally has volumes behind it, not just hope.

This company is doing ~₹600 Cr PAT. Price to Sales is at 1.10. Debt to Equity 0.74. ROE 18%. PE 15. Last 3 yrs FCF of 2800 Cr.

Market cap ₹8600 Cr.

#JayaswalNesco #Investing

[GM @Techno_Funda_]

Vodafone Idea's been left for dead below ₹20 since 2019 — but AGR relief, tariff hikes, and promoter infusion are quietly rewriting the survival story.

Rs 20 isn't just a level, it's the line between "penny stock" and "turnaround."

#VodafoneIdea #Investing #IDEA

[GM @Techno_Funda_]

Wishing you the very best, @ESDSPiyush — huge congrats on the fabulous listing of #ESDS

[GM @Techno_Funda_]

#Industower (CMP 379) make sense at the current valuations and technical parameters.

[GM @Techno_Funda_]

7.8% GDP. Who pulled it?

Services 10%.

Banks, realty, IT, consultants 12.1% — main engine.

Shops, hotels, transport 8.5%.

Sarkari + defence 7.5%.

Factories 8.6%.

Manufacturing 9.2%, power 8.9%, construction 7.7%.

Farm 3.6%. Mining –2.4%. Primary only 2.9%.

Spending side:
Households 7.1%.
Sarkar day-to-day 4.3%.
Investment (roads, plants, buildings) 11.9%

So 7.8% is not “sab kuch tez chal raha hai”. It is services + investment doing the work.

#GDP #IndianEconomy

[GM @Techno_Funda_]

They said GDP grew 7.8% last quarter. Sounds great, no?

See how they get that number.

First they count all the money earned at today’s prices — that grew 10.3%. Then they cut it down for inflation. The inflation they used this time? Only 2.3%. 10.3 minus 2.3 = 7.8. Simple.

Now look at what you and I actually paid.
Kirana, rent, school fees — retail inflation was 3.9%.

Factory stuff, fuel, raw material — wholesale was 9.4%.

Two-thirds economy runs on retail prices, some on wholesale. Mix them and inflation felt like 5.7% (9.4%*2/3), not 2.3%.

For three years the difference between their official inflation and this real-world mix never went beyond 1.9%.

This quarter the difference is 3.4%. Suddenly the official number became too soft.

If you use 5.7% instead of 2.3%, growth is only 4.4%.

Even if you give them the benefit of doubt and use their best old gap of 1.9%, inflation becomes 3.8%. Then growth is 6.3%. Call it 6.5% if you want. Still not 7.8%.

7.8% is statistical gymnastics. The number that matters is closer to 6.3% — or lower.

#GDP #IndianEconomy

[GM @Techno_Funda_]

They said GDP grew 7.8% last quarter. Sounds great, no?

See how they get that number.

First they count all the money earned at today’s prices — that grew 10.3%. Then they cut it down for inflation. The inflation they used this time? Only 2.3%. 10.3 minus 2.3 = 7.8. Simple.

Now look at what you and I actually paid.
Kirana, rent, school fees — retail inflation was 3.9%.

Factory stuff, fuel, raw material — wholesale was 9.4%.

Two-thirds economy runs on retail prices, some on wholesale. Mix them and inflation felt like 5.7% (9.4%*2/3), not 2.3%.

For three years the difference between their official inflation and this real-world mix never went beyond 1.9%.

This quarter the difference is 3.4%. Suddenly the official number became too soft.

If you use 5.7% instead of 2.3%, growth is only 4.4%.

Even if you give them the benefit of doubt and use their best old gap of 1.9%, inflation becomes 3.8%. Then growth is 6.3%. Call it 6.5% if you want. Still not 7.8%.

7.8% is statistical gymnastics. The number that matters is closer to 6.3% — or lower.

#GDP #IndianEconomy

[GM @Techno_Funda_]

India’s macro story right now:

GST collections — all time high
GDP growth — all time high
Inflation — under control
Infrastructure — top notch

Yet STT, STCG & capital gains tax remain untouched.

Exceptional taxes should stay or rise with exceptional returns — not when equity markets are struggling. Time to ease the burden on investors, @nsitharaman.

#StockMarket #investing

[GM @Techno_Funda_]

#Nifty just closed its 5th straight red week since #CAS went live on Aug 3.

[GM @Techno_Funda_]

@MoneyMystery One day CAS (ino) can take nifty to ATH as well.

[GM @Techno_Funda_]

@MoneyMystery 😂😂

[GM @Techno_Funda_]

#CAS is not built for an illiquid market like India.

Same stock closing 3–4% apart on NSE and BSE.

Cash–futures gap blowing out 3–4% in 15 minutes.

@CNBCTV18Live @_anujsinghal

[GM @Techno_Funda_]

This problem often arises when you have theoretical knowledge rather than practical experience.

Copied US market but forget that we have thin liquidity due the multiple reasons:

1. India just restrciated to consumption and service economy.

2. Luxury taxes (STT/LTCG/STCG)

3. Compliances and more complicated compliance.

[GM @Techno_Funda_]

Something needs to be looked into. There’s no sync between BSE and NSE.

Adani Energy Solutions — BSE spot price ₹1463, NSE spot ₹1417

Any many stocks are witnessing the same.

That’s joke 🤡

#nifty

[GM @Techno_Funda_]

CELLO (CMP 353) showing an inverted hammer after a brutal fall. Available at 32% from the ATH.

#CELLOWORLD #Investing

[GM @Techno_Funda_]

Laurus Labs looks close to a top. Let it settle today — MSCI rebalancing day.

#Lauruslabs

[GM @Techno_Funda_]

Cords Cable moved 18% intraday. This is just the beginning.

#breakout #investing

[GM @Techno_Funda_]

CORDS CABLE (CMP 251)

18-year base breakout, price finally reclaiming the 2008 high.

[GM @Techno_Funda_]

MSCI rebalance day, 3 PM, same cliff — twice. May 29 & Feb 27, 2026, watch for the third today.

#Nifty50 #MSCIRebalance

[GM @Techno_Funda_]

Cords Cable 🚀

[GM @Techno_Funda_]

CORDS CABLE (CMP 251)

18-year base breakout, price finally reclaiming the 2008 high.