sandip sabharwal
@sandipsabharwal
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RESEARCH ANALYST EQUITY INVESTING https://t.co/Hi7hnetI8R IIT Delhi & IIM Bangalore Ex Head of Equity SBI MF, CIO JM Financial Stock Market Investing
Mumbai
Joined October 2009
Feels great to be felicitated by SBI Chairman Mr. Khara for my contribution towards the growth of @SBIMF during my stint as Head of Equities many years back. Thank you @dpsingh_sbimf for the recognition. It was a great tenure at SBI Mutual Fund of nearly 11 years
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Madam Finance Minister @nsitharaman .Foreign Portfolio Investors have pulled out $12 Billion out of India in one month. It's a record outflow.The government should dialogue with foreign investors to see why this is happening. If it's due to valuations concerns it's fine. However.
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Foreign Investors have already sold ~Rs 50000 Crores of Indian Equities in the first 20 days of January. Congratulations to the Government and All Policy makers like @rbi for slowing down the Economy and creating taxation fears in the minds of everyone. Rs 50000 Crores of sales.
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Alok, having stayed in the US for the last 2 weeks I can categorically say that all this is untrue. We are way,way behind. Environment, quality of life, infrastructure anything you mention there is no comparison. It will take atleast 50 years for us to reach where they are if.
A dear friend who lives in the US was visiting. He said it feels like the US empire is declining like the Roman empire did. The fall is now inevitable. And INDIA is certainly RISING and rising fast. He felt the US leadership has stopped looking for growth in the last decade.
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#China last quarter GDP grows 5.4%.India's last quarter GDP also grew 5.4%. China's GDP is $ 18 Trillion while India is at $ 4 Trillion. At this speed we will never catch up. Both Fiscal and Monetary policies in India are Anti Growth and will keep us developing forever. Need a.
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4 Tickets of #ColdplayMumbai concert bought at Rs 146000.Immediately on Ticket Resale Websites each ticket can be sold at Rs 190000 each ie Rs 760000. No #StockMarket investment can match this return ( For those willing to sell that is).
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Despite Spending nearly Rs 400000 Crores on Free Foodgrains as well as cash transfers to farmers.#BJP lost 70 rural seats. Even if half of this amount had been used to cut GST and Personal IT Rates then they would have gained some Semi Urban and Urban seats for sure.@narendramodi.
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Fund Managers and Market Traders need to learn from the #PayTM CEO. Sold in Offer For Sale during IPO at Rs 2150.Bought 1.7 Lakh shares end of May 70% lower at ~Rs 600 . Huge profits.
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Looking at #SriLanka & #Pakistan.I am very happy that @narendramodi government came in 2014. Corruption & extreme appeasement policies of the previous govt had got us to the verge. We just escaped. Whoever calls me Sanghi will be blocked. I criticize the Govt more than I praise.
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I am inclined to vote for @milinddeora .However voting for him means voting for @INCMumbai & @RahulGandhi so.Will vote for #NDA candidate as I want @narendramodi back.
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Never seen people so scared of the #Budget ever.That's the tremendous reputation of the Finance Minister.
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#Asianpaints in its conference call just said .This is the highest inflation we have seen in the last 40 YEARS. 15-18% in the last six months itself. @RBI.
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Given the amount of cash dealings and tax avoidance that still exists in #India i.e less than 4% of population filing & paying taxes. The Govt should increase #GST by 4-5% and slash Income Tax Rates to 15% flat. Overall tax collections will zoom up.@nsitharaman @PMOIndia.
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Many asking why Indian Students go to countries like #Ukraine to study. While one reason is the cost, the big reason is also increasing reservations which has been continuously impacting general category seats over the years.
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This is how misleading narratives are propounded.How about the abnormal surcharges on top of the peak Income Tax Rates?.Who introduced them?.Peak tax rate is now 43.2% not 30%. LTCG from zero has gone to 12.5% plus Surcharge.STCG has zoomed up. Tax on Debt securities has been.
Previously, 2-3L earners were paying 10% income tax. Now pay NIL. 5-10L were paying 20% tax. Now it is 5% until 7L, and 10% for 7-10L. Previously, everyone earning over 10L paid 30%. Now, they pay in tiers of 15, 20, 30%. Huge reduction in income tax by most earners in India.
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Media Reports indicate that the new Direct Tax Code is coming in #Budget2025 . Get ready to pay more taxes in the guise of simplification. .
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Madam Finance Minister #NirmalaSitharaman , crude oil prices have fallen another 10% today. I strongly recommend increasing duties on Petrol and Diesel by another Rs 3 per liter in order to strengthen the economy and achieve the $ 5 Trillion GDP target.
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I am thinking of launching some products under the brand #PapaEarth. & then launch an #IPO with Rs 50000 Crore valuation. .
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Government dumped 51% of HPCL onto #ONGC in January 2018 for Rs 37000 Cr. ONGC had a Market Capitalization of Rs 260000 Cr on that day. Today it is Rs 125000 Cr. Massive destruction of value. These kind of unreal disinvestments don't work. @nsitharaman @PMOIndia.
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India Consumer Price Index #CPI is reported at 4.91%.Its a joke. Most prices are up 15-50% over the last year.
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A few years back when corporate tax cuts were announced.A promise was made by @nsitharaman that in the 75th year personal income tax relief will be given. That will be the real #AazadiKaAmritMahotsav . Look forward to the budget @narendramodi . It can really kickstart the economy.
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#Nykaa reports Q2 results.Consolidated revenue at Rs 885 cr up 47%.Operating Profits fall 50%. Margins down from 9% to 3%. Net profit at Rs 1.2 cr DOWN 95% Vs Rs 27 Cr last year. Valuations suddenly became more expensive. However punters not bothered.Enjoy the punt while it lasts.
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Mission Achieved. NIFTY down 6%.Midcap Index down 12%.Smallcap Index down 11% in July. Worst since 2002. Congratulations to @FinMinIndia and all other contributors from the Bureaucracy, other ministries etc.
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FIIs selloff nearly a billion dollars worth of Equities today.It is extremely intriguing why the Government is least bothered about such continued massive outflows .@PMOIndia @FinMinIndia.
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#TataMotors as usual manages to make more losses than what analysts expected. I have never seen such a gas hyped up stock where it makes continuous losses but the stock keeps on going up. Keep on shouting EV everyday and ramp up the stock.
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The biggest reform that @narendramodi can bring about in the third term is to mandate that State Governments cannot run Budget Deficits.A timeline of 5 years can be set to achieve a balanced budget.This will make the economy and country's balance sheet much stronger and also.
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No other Stock Market in any part of the world is panicking on #hmpvvirus .Except India!.Crazy media and its panic mongering.
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The biggest achievement of the current @narendramodi led government is the.Financial Sector clean up. Banks+NBFCs will report a cumulative profit of Rs 150000 Cr this quarter. A stark contract from a few years back when it used to be cumulative losses.
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CEO of #policybazaar is an interesting person. Read an interview of his today where he says " Forcing companies like us to report profits will destroy the company". There was a time. Where profits mattered.
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Just last month @RBI.Governor Shaktikanta Das predicted.Q2 GDP growth will be 7%.Turned out to be 5.4%. Full year will be 7.2%.Now mathematically more than 6.25% looks tough. Making random predictions despite the resources they have to keep liquidity tight and interest rates high.
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When corporate tax cuts were done two years back.@narendramodi government had promised relief to Individual Taxpayers on the 75th year of Independence. Look forward to that in the #Budget2023 .@nsitharaman . It has unleash a big consumption boom and boost #GDP growth.
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Strange Strategy.#HDFCBank says they will expand branches rapidly to be within 1-2 km of clients, current avg 5-6 kms. Opened 563 branches last quarter, a record of sorts.I thought we were going digital. Who actually visits bank branches these days?.It will only increase expenses.
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#GSTCouncilMeeting .Defers decison on cutting GST on Health and Life Insurance .However.Carries through all the proposals to hike rates. Typical. Just keep on increasing taxes. .
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Madam @nsitharaman it is of no use blaming things on pre 2014.It's ridiculous. Forget the past, tell us what you are going to do in the future. Past is Past. It's been 6 years now.
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Freebie promises of #ArvindKejriwal and also being made by #RahulGandhi will bankrupt the country. Good that they are not in pole position to win this time. But someday in the future if extreme Left Ideology come to rule at the Centre we might go the Pakistan way of high fiscal.
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Its Amazing.My wife @simasab & daughter @suhanisabharwal applied for a TATKAL passport at 3.30 PM yesterday.Passport was printed & delivered at 3.30 PM today. Its unprecedented efficiency. People say "Ease of Doing" business rankings are fraud. If this is any indication then not.
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#AxisBank management in its conference call * third largest private sector bank ) says that .Macro Environment in India is tough. The only ones who do not see it is the Government and the @RBI .@FinMinIndia @PMOIndia.
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If #MukeshAmbani spends Rs 1000 Crores on his son's wedding.And the celebrations are in #India.And boost the Indian Economy. I am all for it.#AnantRadhikaWedding .More strength to "The Big Fat Indian Weddings'.
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Dividend payout by TCS is around Rs 16000 Crores. Will be in the hands of shareholders over the next few days. TCS giving more Fiscal Stimulus than the government. @nsitharaman.
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Enjoy the advantage of #MakeInIndia .#Apple.#IPhone15Pro price. In India Rs `134900.In USA ~Rs 83000. In most other countries between Rs 90000-100000.
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Public Investors are considered fools.#SapphireFoods franchise of Pizza Hut and KFC made a preferential issue to existing shareholders at Rs 505 in August.Now #IPO at Rs 1120-1180. Never made a profit. All offer for sale. Rs 2000 Crores plus fund raise. Unbelievable.
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Many traders and small businessmen talk of high taxation and tax harassment. The Middle and Upper Middle Caste is suffering from high personal tax rates.The #BJP development agenda has been good but ignored a big support base of voters.Moderate taxation is extremely important.
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Wow @SerumInstIndia to supply 29 Crore doses in September. That's average of 66 Lakhs per day just from one, and apparently the most effective #Vaccine against #DeltaVariant . All Indians need to be eternally grateful to this company.
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Petrol duties in #India.Excise~Rs 20/l.VAT~Rs 16/l.Dealer Commission~Rs 4/l.Freight/Handlin etc~Rs 6/l. So, even if Crude Oil prices go to ZERO we will be paying Rs 46/Litre.
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Bajaj Auto indicates weak festival season sales. Other consumer companies also indicating the same.High interest rates and high taxes have started slowing the economy.The @RBI and @FinMinIndia seems to be totally oblivious to the same.@narendramodi @PMOIndia.
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#Nykaa profits grow 250% to a full. Rs 4 Crores 😀. Market Capitalisation ~ Rs 50000 Crores. Now waiting for extraordinarily bullish management commentary.
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#Nykaa.Sales fall over 10% Quarter on Quarter.Operating profits nearly halve to Rs 38 Crores.Net Profits Rs 7.6 Cr. Market Capitalisation Rs 64000 Crores. Good luck to the shareholders.
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Exit Polls indicate a massive win for #Congress in #HaryanaElection .While local factors do dominate in State Polls consumer sentiments have been down for a long time now and could impact the upcoming State Polls too.High taxes, no tax reliefs, a slowing economy, no fuel price.
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Everyone is Focussed on Rs 11000 Cr #NiravChoksi scam.Nearly RS 100000 Cr plus of steel NPAs are on the verge of resolution. Bhushan, Essar, Monnet, Electrosteel etc courtesy #NCLT. The bigger picture is still getting better and will play out slowly.
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I left my first job at #SBIMF of my own despite their best efforts to retain me ( for more money).The next three jobs I left as the situation became untenable or I was pushed out.I am grateful to these people as without their push I would never reached where I am today. If life.
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#Havells in Con Call "There is unprecedented inflation".#HUL in Con Call "we have not seen such high inflation anytime before".#technology Cos saying "Inflation for talented workforce as much as 50-70%". India Inflation data says inflation is just 4.5%. .
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Current Year fiscal deficit of the Central Govt is likely to be Rs 6.25 Lakh Crores.#RahulGandhi via his minimum income scheme of Rs 3.6 Lakh Cr proposes to increase it by 60% .I just wonder who designs these crazy non workable schemes for him.
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There are broking houses who have targets like.Rs 1050 for ICICI Bank.Rs 3200 for Reliance.Rs 2100 for Infosys etc. But. Have Nifty Target of 16000. How does this even correlate. It actually give #Nifty target of 19000.
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Everyone is Eulogizing #AtalBihariVajpayee after he is gone. Everyone knows that if he had come again in 2004 we would not have had the lost decade.But still people voted for the most corrupt regime for 2 straight terms.Lets hope the mistake is not repeated next year.
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