if you like and repost my posts. I assure you that i will give you all profitable posts..
Only reposters will have to chat with me in my DM. with conditions that followers must be more then 200..
In a state called WB, where the CM is a woman, people worship Maa Durga & Maa Kali & talk about women's empowerment & at that very place a lady doctor is being brutally raped & murdered by a multiple men.
👉She was raped brutally. Clips were inserted in the private parts. One eye was bleeding. Neck bone was broken. Many more injuries on the body.
We are surrounded by mother*****rs. B**tards are everywhere. No law and order. Animals are better than human beings.
📌I can't believe that such an incident happens inside a #hospital premises
#Nirbhaya2 #BengalHorror
#KolkataDoctorDeath
23 Oct 2023👉 Stock Price 443
05 August 2024👉Stock Price 1868
I had posted that the stock could give 4x return in 4 years. I has given more than 4x in 1 year only.
#Tinna Rubber
📌Still here on, it can give another 40-50% return in next 6 months.
Current PE 64 (TTM)
Expected PAT in FY25 ➡️ 70 CR (my assumption)
Hence FY25 forward PE = 45
📗 Kindly read the entire tweet before commenting anything 📗
I never post any political content.
My posts are always associated with economy, stocks and personal finances. But some people with a biased mindset is polarizing my content and commenting illogical things specially after 24 July 2024 Budget.
📌My logic is very simple. If any rule of the Government is illogical and hits me hard financially, I oppose it.
If it doesn't, I accept it with both the hands.
♦️Increase in STCG & LTCG hits me really hard.
Why so? Check the rest 👇
On my other posts' comments, Few people are saying that 2.5% increase in LTCG is not much. If it is not much, then my friend, you probably don't know the how compounding works. If you are my old follower, then you must know that few months ago I sold Waaree Renewables at 28x return. You just imagine how much extra tax I would have to pay if it is sold on or after 24 July.
Current I have Tinna Rubber and KPI Green in my portfolio which are almost 10x. If I sell them, I have to pay 2.5% extra LTCG tax which is huge.
Some people are saying that current Govt has a done a lot of developments due to which the stock market is doing good. Yes you are correct. I agree with you. I fully support ⬇️
🔶PLI scheme
🔶Renewable developments
🔶Robust foreign relation
🔶Huge Infrastructure spending
🔶Excellent GDP growth
🔶DBT (Direct Benefit Transfer)
🔶Pradhan Mantri Jan Dhan Yojana (PMJDY)
🔶Uptick in Foreign exchange reserves
🔶Fiscal discipline
I am extremely grateful to the Government for doing these awesome improvements over last 10 years.
But, it was the same Govt. who (Arun Jetley, Former FM) introduced 10% LTCG tax in 2018. I never complained for the same. Then why again 2.5% extra. We can't stay quiet all the time.
🔴Now coming to STCG tax🔴
I personally buy stocks for long term. But sometimes the stock gives 2x -3x return in less than 1 year. If it gets overvalued, I sell them.
Example 👉 3-4 years ago I sold Neogen Chemical when it gave me 2x return quickly, I sold HLE glasscoat at 3x in less than a year. Recently i made quick 2x in Pondy Oxide and Sky Gold. For all these scenarios, I have to give 5% extra tax in future, which is again a huge amount. If you add compounding to it, it would be beyond the limits.
✍️I am putting my own money
✍️ I am doing all analysis
✍️I am taking all risks
but at the end Govt is taking a chunk of my profit away. It is okay to share up to a certain level (15% STCG). But anything beyond 15% is unjustified, according to me.
In fact, STCG and LTCG till 24 July Budget 2024, was a burden to us. Still we were okay.
But the worst thing is that again they are increasing. We don't know whether they will increase it further or not.
👇What we get in return upon paying all these taxes :-
🔹Broken Healthcare System
🔹No law and order - pending court cases over the decades
🔹Broken Roads
🔹Unemployment and so and so
👉This year I bought a 110 cc Scooty for daily-commute purposes. I paid 28% tax on it. Is this a luxury item ?
It is not a Royal Enfield or a 200cc bike. Still the item is considered as a luxury one. In Congress era this tax was even higher (31%). No Govt is thinking for us.
💔According to a 2012 RTI filing, there were 8 Lakh people with more than 1 Cr in Agriculture income, who paid ZERO taxes in India. Were they real farmers?
But still nothing will happen bcoz The farmers can go out and protest on the roads of Delhi. You and I can't.
♻️If you retweet, it can reach to the Govt officials and Finance Ministry; consequently they can think of it going forward.