Terrific results from Apar Ind Ltd.
Eps for June qr up from 65 to 116!!
Made a recent high of 17,157!! that is 34X...
and I don't hold.
As I said, I can't buy everything I discuss.
Don't ask, give us new one. You need to go through my last 6 months past post....
🚀🚀🚀🚀
The biggest takeaway isn't the 194% PAT growth—it's #Modison's niche monopoly-like positioning in silver electrical contacts. Strong moat + power capex tailwinds + reasonable valuation are what make it interesting. #fiibuying
@SagarH62 Rajindar Goel. He and Padmakar Shivalkar didn't get chance to play for India because of Bedi and politics. Bedi injured but India played two off spinners Venkat and Prasanna alongwith Chandra
Respected @nsitharaman ji and @FinMinIndia ,
Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.
A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.
India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.
The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.
Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.
India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.
Respectfully submitted.