Amit Kumar Gupta Profile
Amit Kumar Gupta

@amitgupta0310

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Founder @fintrekk | SEBI registered Research Analyst | Loves Scuttlebutt | Voracious reader | GARP & SS Investing #AKGweekendreadings #AKGweeklycharts

Delhi
Joined February 2013
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@amitgupta0310
Amit Kumar Gupta
2 years
Quite a lot of investors are worried about the FPIs dumping Indian equities and concluding that this is the prime reason for the ongoing correction in stock prices. A 🧵 to understand details about FPIs buying and selling in financial markets before jumping to conclusions
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@amitgupta0310
Amit Kumar Gupta
2 years
India has more Dream11 users (~12 Cr) than total Demat accounts (~9 Cr) opened since 1996!
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@amitgupta0310
Amit Kumar Gupta
1 year
I watched the whole interview just to make sure was not missing any nuance. This is sheer arrogance at play! The only reason this company can survive is because no one takes data and privacy breaches in India seriously. They would have been sued and finished by now in the US
@NDTVProfitIndia
NDTV Profit
1 year
Opt out of #BajajFinance telemarketing calls, but don’t come back to us for loans, says Sanjiv Bajaj. Read:
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@amitgupta0310
Amit Kumar Gupta
1 month
Meloni-Modi memes are getting hilarious 🤣🤣🤣
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@amitgupta0310
Amit Kumar Gupta
1 year
We love to make our taxes complex. GST council has reduced the F&B served in cinema halls from 18% to 5% today. But if the F&B is booked along with the tickets, then it will be taxed at 12% or 18%. (same as principal supply i.e tickets) Why? Because movie tickets below Rs100
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@amitgupta0310
Amit Kumar Gupta
3 years
19-yr old topping the CA exam Her brother gets All India rank 18 in same exam. Both from Tier-3 city in MP The real story of India has mostly been in smaller cities.
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@amitgupta0310
Amit Kumar Gupta
3 months
Till few years ago, an old friend was sending kids (twins - 1 girl and 1 boy) to a top-tier private corporate-group led school in Noida despite exorbitant expenses every year in the name of "good education" In one fine new academic session, school floated a "summer cricket camp"
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@amitgupta0310
Amit Kumar Gupta
4 years
Today my credit card payment was due. I paid full amount today. I have given stimulus to the credit card company. #AatmanirbharBharat
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@amitgupta0310
Amit Kumar Gupta
1 year
The final word in TCS/LRS drama is: - No tax deduction for payments on foreign goods & services. So buying NY times subscription or Netflix streaming services are exempted. -No impact if employee of a company undertake business trips (current account transactions will be over
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@amitgupta0310
Amit Kumar Gupta
3 years
Nykaa P/E ratio likely to be 450 at IPO. Given the strong interest, if one gets 100% premium, likely to list at 900 P/E. It's time to unlearn lot of things to value these companies.
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@amitgupta0310
Amit Kumar Gupta
3 years
Dengue has killed 30x more people than Covid in India in past 2 months. Not even one instance of market correction being attributed to dengue.
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@amitgupta0310
Amit Kumar Gupta
2 years
There is a sudden surge in last few months among very large corporate houses to set up family offices in tax-friendly jurisdictions like Dubai & Singapore. What do they know what we don't! #inheritancetax coming?
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@amitgupta0310
Amit Kumar Gupta
3 years
In Zomato's Q2 FY22 PR, the word 'adjusted' is used 19 times. There is no analyst concall to discuss any query till Q1-FY23 "The only reason that one may not understand a financial statement is because the writer does not want you to understand it" - Warren Buffett
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@amitgupta0310
Amit Kumar Gupta
6 months
SEBI has shared new framework for short selling in Indian financial markets and allowed both institutional and retail investors to short sell. “Short selling” is selling a stock which the seller does not own at the time of trade. 🧵 on the details.
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@amitgupta0310
Amit Kumar Gupta
3 years
NSE has allowed buying of US stocks at IFSC. A basic announcement has come today. One can buy fractional shares of US listed companies directly in India. International investing and advisory will make great strides in the years to come. I look forward to this change.
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@amitgupta0310
Amit Kumar Gupta
3 years
The oldest story in markets is playing out. Corner the float, bring it in F&O, increase the price to heights and dump on unsuspecting shareholders. The story went from monopoly play to value buy to unlock trade to platform company to momentum position. The Revevolving train.
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@amitgupta0310
Amit Kumar Gupta
1 year
@gauravmunjal Assuming if AI is sufficient enough to attract a particular set of readers who want books in animation, what makes you think Kindle and Audible can't do it quickly enough to kill competition?
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@amitgupta0310
Amit Kumar Gupta
1 year
Sakshi, a neighbour in the next lane to our home, died on Sunday morning under tragic circumstances heading for summer holidays. She was married with 2 kids. Whole media circus going on for the past two days around her house. Meanwhile, no change at New Delhi railway station
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@amitgupta0310
Amit Kumar Gupta
4 years
Read 1 book every week. Across all categories and genres. Choose the book length according to your work schedule. Make suitable notes. Do it for 1 year. You will feel tremendous change in your writing and knowledge base. Telling from personal experience.
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@amitgupta0310
Amit Kumar Gupta
4 years
Will society accept me if i don't buy Reliance today?
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@amitgupta0310
Amit Kumar Gupta
3 years
Stock returns are overrated. Portfolio returns are underrated.
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@amitgupta0310
Amit Kumar Gupta
4 months
Quant MF is out with their stress test report. The time taken for 50% portfolio liquidation is 6 days for the quant Mid Cap Fund and 22 days for the Quant Small Cap Fund. Time taken for 25% portfolio liquidation is 3 days for the quant Mid Cap Fund and 11 days for the Quant
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@amitgupta0310
Amit Kumar Gupta
1 year
@varinder_bansal We should stop basking in the glory of foreigners who were born in India (by chance) and stayed in US (by choice). Instead, we should rather design an ecosystem that appreciates and retains talent in India.
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@amitgupta0310
Amit Kumar Gupta
1 year
@oarhtanirs Doesn't mean they can harass the lives of non-customers ad nauseum.
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@amitgupta0310
Amit Kumar Gupta
3 years
I was detected Covid positive on 24th March. Was in home isolation for 10 days. Tested Negative post that. mild symptoms. CT value was 33. All fine now! Stay safe. Weak a mask! #MaskUpIndia If there’s any COVID-related help you need, please reach out without hesitating.
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@amitgupta0310
Amit Kumar Gupta
5 years
Can't time exactly due to election season but in all probability we are staring at NBFC crisis 2.0. Things are piling up - IL&FS group default, Essel Infra, margin funding of MFs for NBFCs under scanner, DHFL fiasco, ADAG defaults and so on. Get your seat belts on!
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@amitgupta0310
Amit Kumar Gupta
6 years
Yes bank shareholders: At 400 : It's the next HDFC bank! At 300 : It's part of normal course correction. At 250 : Investment for life, got to buy more. At 200 : Dude, looks like we have a problem. At 150 : Mar gaye Bhai.
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@amitgupta0310
Amit Kumar Gupta
1 year
Great decision to boost consumption. People with few lakhs and no financial compulsion will just spend 2000 rs notes. Small merchants may remain reluctant, but online websites with the COD option will zoom. More money in banks would help banks improve deposit loan ratio and
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@amitgupta0310
Amit Kumar Gupta
28 days
Net FII inflows YTD Japan - $33bn Korea - $16bn China - $12bn Taiwan - $6.5bn India - (-)$3.3bn FIIs have better options to invest than India purely on valuations!
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@amitgupta0310
Amit Kumar Gupta
4 years
Wow. Fine print says once you opt for NO-deduction slab, you can't opt back to the YES-deduction slab. Amazing Kulhari-par-leg maarna initiatives this government comes up with!
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@amitgupta0310
Amit Kumar Gupta
3 years
Lost a 43-yr old cousin this morning due to Covid complications. Was in ICU since last weekend. Left behind two 14-yr old twin daughters and wife. Both parents still in home isolation but stable. Terrible, terrible loss! #CovidSOS
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@amitgupta0310
Amit Kumar Gupta
2 years
2 major schemes of a leading MF house allocated shares of this fintech during IPO in Oct. One of them exited fully and another exited 95% of the shares allocated (obviously in loss) by Dec. What changed in the business in less than 2 months?
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Amit Kumar Gupta
3 years
Bombay Oxygen trades at 23k from 10k m/m. It's pumped as oxygen manufacturing company dealing in Industrial gases on social media. Funny thing is it discontinued this business 2 yrs ago and now registered as NBFC with virtually zero sales. Someone desperately wants an exit!
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@amitgupta0310
Amit Kumar Gupta
4 years
(1/n) A thread on the SEBI new circular with respect to increase in equity exposure across multi-cap funds For brevity, Large caps (LCs), Mid caps (MCs) and Small caps (SCs)
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@amitgupta0310
Amit Kumar Gupta
1 year
Finance minister explanation of why 28% GST on casinos, online gaming and races was applied after due deliberation within GST council. "Rates on gaming can't be less than on food items"
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@amitgupta0310
Amit Kumar Gupta
4 years
Thread on (a) why May WTI #Crude traded negative last night? (b) what's retail piling longs on Oil ETFs (c) The way forward.
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@amitgupta0310
Amit Kumar Gupta
3 years
Got Zomato IPO allocation. Going to buy 3BHK in Gurgaon in 2036 h/t @b50
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@amitgupta0310
Amit Kumar Gupta
3 years
Will society accept me if I don't apply to Zomato IPO?
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@amitgupta0310
Amit Kumar Gupta
7 months
UCO bank to merge with Union Bank. Bank of Maharashtra to merge with Bank of India. Both did QIP earlier in the month. Even though it was announced in Budget 2022, names were always up in the air regarding which smaller PSU banks will merge with larger PSBs. This is informal
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@amitgupta0310
Amit Kumar Gupta
5 months
One business channel. 15 entities. Many colluded with each other and planned front-running. 'Experts' used to take positions before giving advice on TV in F&O segment. Over 1040 such transactions detected in 2022. Profit sharing in 'cash' and via bank accounts. SEBI issue
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@amitgupta0310
Amit Kumar Gupta
3 years
Kaju up 150-200, Almonds up 300-350 in Khari Bawoli (Wholesale place for dry fruits in Old Delhi). Get ready for expensive sweets in festive season. Thank you Taliban.
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@amitgupta0310
Amit Kumar Gupta
4 years
'Buy and hold' is overrated. 'Sell when facts change' is underrated.
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@amitgupta0310
Amit Kumar Gupta
3 months
NCR and Mumbai residential prices are likely peaking in the next 9 months, if not early. Gurgaon 1Q2024 sales are already down 15-18% as compared to 1Q2023. Less said about speculation in RE prices, more it is. If AI leads to more job losses in IT, expect RE sales numbers to
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@amitgupta0310
Amit Kumar Gupta
2 years
SEBI directs brokers to refund penalty amounts charged to Clients for shortages of margins. The penalty was always on the broker side, never on clients for the new margin rules.
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@amitgupta0310
Amit Kumar Gupta
1 year
@Reyanshin Oh the other 10k companies don't call you 10 times a day and you don't have to be Einstein to understand this simple fact.
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@amitgupta0310
Amit Kumar Gupta
2 months
Tried to book hotel rooms in Dharamshala to see the IPL match. I decided to take a Vietnam vacation instead for a week. It's still cheaper 😂
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@amitgupta0310
Amit Kumar Gupta
4 months
Selling deep Out of Money (OTM) call options on the last day of the weekly option expiry days (e.g., Wednesday for Nifty Bank and Thursday for Nifty50) has become a very popular trading strategy for many high networth individuals (HNIs). By pledging stocks, mutual funds, and
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@amitgupta0310
Amit Kumar Gupta
2 years
Ladakh's first stadium in 75 yrs. Built in 2yrs after being granted as UT. Project funded under Khelo India scheme. PC : Unknown
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@amitgupta0310
Amit Kumar Gupta
3 years
Every Robinhood investor to an experienced investor these days.
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Amit Kumar Gupta
1 year
@VineetAgl 28 countries use two slabs, and only five countries, including India, use four non-zero slabs
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@amitgupta0310
Amit Kumar Gupta
2 years
A youtuber, non registered, makes video on an upcoming IPO discussing business prospects & whether one should apply to it (reco). Charges for it and earns income. A RA, registered with SEBI, makes the same video discussing same points but cannot earn from it. Compliance!
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@amitgupta0310
Amit Kumar Gupta
5 months
Analyst telling a 2700 cr m-cap company mgmt how to put better use of their cash by investing in PSUs and Railway stocks.🤣🤣🤣🤣
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@amitgupta0310
Amit Kumar Gupta
3 years
Shaheen Afridi right now...
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@amitgupta0310
Amit Kumar Gupta
3 years
@Prashanth_Krish When RJ bought Titan, he was not aware about Tanishq turnaround. When he bought CRISIL, he was not aware about potential S&P stake. Luck and serendipity are least talked about in Investing.
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@amitgupta0310
Amit Kumar Gupta
5 years
HDFC AMC AUM  ~380,000 crore Mcap ~ 79, 000 crore M-cap/AUM  Ratio ~ 21% Any AMC buyout deal in past, average money paid ~ 7-9% Assume AUM will increase in near future & TER will trend lower Time to list more mutual fund based AMCs on "astronomical" valuations?
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Amit Kumar Gupta
3 years
It's June-2031 Nifty is at 30,000 Sensex is at 1,00,000 Govt extends date to link PAN with AADHAR by 3 months to Sep-2031
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@amitgupta0310
Amit Kumar Gupta
1 year
Clarification from the GST council press note. When cinema tickets and F&B are clubbed together, composite supply will apply and GST applicable will be as of principal supply
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@amitgupta0310
Amit Kumar Gupta
2 years
It took 215yrs for the US government debt to reach US$7trn. It has added the same amount in just the past 27months. USD devaluation is a matter of when and NOT if...
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@amitgupta0310
Amit Kumar Gupta
3 years
Daniel Kahneman and Yuval Noah Harari are two of the most prominent sharp thinkers about history, human psychology and critical thinking. So it’s always going to be a treat for the fans when both of them got together for a discussion. A must listen!
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@amitgupta0310
Amit Kumar Gupta
4 years
Unusual and unnecessary confusion regarding the new margin rules in certain segments. A thread explaining the details as per SEBI notice(s) so far...
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@amitgupta0310
Amit Kumar Gupta
4 years
I don't think in my entire career of tracking global markets for over 15 years, I have seen such credit spreads and lack of bond bids. EM will be screwed. This is history being written again. To hell with 2008 comparisons.
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@amitgupta0310
Amit Kumar Gupta
4 years
Be positive in life. If this was Brent fall (instead of WTI), we would have got minimum 5 rs excise duty increase tomorrow :-)
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@amitgupta0310
Amit Kumar Gupta
4 years
Hello @SEBI_India Can you explain why management of a listed company is having private conversations about such price sensitive information on social media without making adequate disclosures on exchange Disc : No position neither interested.
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@amitgupta0310
Amit Kumar Gupta
3 years
Manappuram Finance auction of pledged Gold 9MFY21 : 8cr Q4FY21 : 450 cr Q1FY22 : 1500 cr This is the formal Gold sector. There is bound to be informal Gold lending to get loans to pay expenses by households and small businesses. Pain in broader economy Disc : No position
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@amitgupta0310
Amit Kumar Gupta
3 years
We should stop basking in the glory of foreigners who were born in India (by chance) and stayed in US (by choice). Instead, we should rather design an ecosystem that appreciates and retains talent in India.
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@amitgupta0310
Amit Kumar Gupta
3 years
PE ratio is overrated. Duration of competitive advantage period is underrated.
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@amitgupta0310
Amit Kumar Gupta
4 years
Completed 10yr SIP in two funds this Septemeber. One is an Index fund, another is a sectoral Fund. Both funds from same AMC. Returns of ~11% and ~14% CAGR respectively. Compounding works slightly better if one can let go seeing returns for a while :)
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@amitgupta0310
Amit Kumar Gupta
8 months
It is heartening to see that RBI is intervening and calling CEOs of private sector banks in understanding the causes of High Attrition & work load at the entry level.   It is quite evident that many of these banks are pushing freshers into demanding sales jobs without adequate
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@amitgupta0310
Amit Kumar Gupta
1 year
SEBI in Press conference We have no issues if any Finfluencer want to educate the masses. We are in full support of it. However, the moment they induce anyone to trade or advice or gurantee returns publicly, we have a problem. FFs consultation paper to be out in next two
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@amitgupta0310
Amit Kumar Gupta
2 years
PVR posted ~71 cr loss in Q2 despite no Covid restrictions, 6.5L admission on National cinema day and two blockbusters. Popcorn machines not working?
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@amitgupta0310
Amit Kumar Gupta
4 years
635 non-F&O stocks circuit filter revised upwards. Khelo India Khelo!
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Amit Kumar Gupta
6 months
Equity markets are making new highs every day. Other assets like gold, bitcoin, bonds, cash, real estate, etc., are also performing decently. Logically, investors should be happy and looking forward to a great holiday season at the end of the year. However, multiple interactions
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@amitgupta0310
Amit Kumar Gupta
4 years
Don't smoke - Buy Ciggie stocks Don't consume Sugar - Buy Sugar stocks Don't drink - Buy liquor stocks Don't eat junk food - Buy fast food joint stocks Don't Buy Mutual funds- Buy AMC stocks Polarization everywhere! (Fwd as received, no reco)
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@amitgupta0310
Amit Kumar Gupta
4 years
Stimulus - Day 1 package details #AatmanirbharBharat in Liquidity but Cash stimulus limited to 2500 crore. Hopefully, more reforms and measures to follow in the next few days!
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@amitgupta0310
Amit Kumar Gupta
4 months
@VishalBhargava5 Mall rentals will go up as Bangalore residents have started using their amenities😂
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@amitgupta0310
Amit Kumar Gupta
2 years
The more easier way is to concentrate on stocks and sector you are invested in and analyse how they are impacted. Have an investment strategy and fine tune it with macro data coming in, if required. End of thread.
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@amitgupta0310
Amit Kumar Gupta
2 years
When your intern forgets to change the name in copy paste while writing Annual report.
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@amitgupta0310
Amit Kumar Gupta
3 years
New Zealand has approved a new measure allowing for paid leave after miscarriage. The legislation is believed to be among the first in the world, applying to couples who lose a baby at any point. You got to admire NZ in so many ways specially the PM Jacida Arden.
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@amitgupta0310
Amit Kumar Gupta
4 years
Over 41000 songs in 17 languages is no mean feat. A voice that will forever echo in our hearts.   RIP #balasubramanyam
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@amitgupta0310
Amit Kumar Gupta
5 years
"We at BlackRock today have better information on most cos than their CFO. If you are waiting to get a cos annual report & you think that's how investment work, you are dead meat. It's priced into the market faster than you can open a PDF file, let alone print it" - M. Wiseman
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@amitgupta0310
Amit Kumar Gupta
4 years
A thread of best reads of 2020 compiled across the internet. PS : This is from personal reading list and covers across spectrums (and not necessarily investing and markets) Will be updating the thread over next two days
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@amitgupta0310
Amit Kumar Gupta
3 years
Read a micro cap company annual report on weekend whose 90% revenues come from local manufacturing. First 30 pages deals with how global economy is doing & how it can benefit the company. Closed that PDF very quickly :)
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@amitgupta0310
Amit Kumar Gupta
4 years
A thread on the new Registered investment advisors (RIA) regulations which are coming to effect from 30th Sept, 2020 SEBI came up with the final regulations/explanations yesterday. Here is the link to the circular
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@amitgupta0310
Amit Kumar Gupta
5 years
Try giving 3-5 year old car for servicing at company's official service station these days. You will definitely feel you were riding a different vehicle given the number of faults they will tell you. Another downside of slowdown in Autos. Making money from wherever possible.
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@amitgupta0310
Amit Kumar Gupta
6 years
SIP registration peaked in September. It takes 4+ weeks to begin a SIP. The October increase reflects the SIPs registered post market high on 28th August and before 21st Sept. October did not see much new registrations though little redemptions came. Lumpsum flows r absent for 4m
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@amitgupta0310
Amit Kumar Gupta
10 months
It took me a while to digest this and write about truly heartbreaking incident of a child death. India has the highest number of attacks by stray dogs in the world. India has 36% of all rabies deaths in the world along with highest cases of rabies deaths. Most rabies deaths are
@TrueStoryUP
TRUE STORY
10 months
कुत्ते के काटने से बच्चे की मौत.. पालतू से लेकर आवारा तक.. बन रहे यमदूत रेबीज पीड़ित को अस्पताल में डॉक्टर्स ने लाइलाज घोषित किया.. इसके बाद एम्बुलेंस में तड़प-तड़पकर पिता की गोद में दम तोड़ दिया मासूम ने..... UP : गाजियाबाद में कुत्ते के काटने से 14 साल के बच्चे की तड़प-तड़पकर
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Amit Kumar Gupta
3 years
Those who are calling this a mad market may like to recall July-07 to Jan-08. Sharpest market rally even when sub-prime crisis was lurking behind the bushes. Market can remain on steroids longer than you like.
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@amitgupta0310
Amit Kumar Gupta
4 years
Apple's iPhone 12 pro price (without the earpods and charger) is greater than the per capita GDP of bottom 26 countries.
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@amitgupta0310
Amit Kumar Gupta
6 years
Don't look for too many reasons in this falling market. Just like bull market was made up of crappy reasons, bear market will also be filled with WA and twitter rumours. Look for investment opportunities. That;s more important.
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@amitgupta0310
Amit Kumar Gupta
5 years
Since morning today: NZ cut rates by 50bps Thailand cut rates by 25bps #India cut rates by 35bps Global slowdown leading to currency wars. Game on!
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@amitgupta0310
Amit Kumar Gupta
2 years
The tricks of the human mind
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@amitgupta0310
Amit Kumar Gupta
7 years
AU finance, HUDCO and CDSL traders today in the market!
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@amitgupta0310
Amit Kumar Gupta
3 years
PAY TUM KARO
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@amitgupta0310
Amit Kumar Gupta
4 years
I truly wish we have webcast AGMs from now on. Will save so much time, money and energy of analyst community with an additional option of replaying and watching at convenience for all investors.
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@amitgupta0310
Amit Kumar Gupta
2 years
A thread of the 10 best podcast episodes (& series) I listened to this year #2022inreview PS : I use @Spotify as my platform, so hyperlinks are from there. In the case of the series, I have shared a link to the first episode. This is across genres. RT for wider benefit.
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@amitgupta0310
Amit Kumar Gupta
1 year
It's 2023 and influencers are still complaining about high cost food prices at the airport. Has anyone been forced to buy? PS : Almost all retail outlets have to pay obnoxious rental rates at the airport. Businesses are there to make money, not do charity. It's been the same
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@amitgupta0310
Amit Kumar Gupta
4 months
Bank of Baroda. Bajaj finance, Paytm, IIFL, JM financial - None of these are isolated cases. All are systemic issues related to corporate governance, KYC or regulatory operations. This won't be the end of the RBI scrutiny. There is a reason why we have remained UW on lending
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@amitgupta0310
Amit Kumar Gupta
3 years
A lawyer friend who specializes in making wills says he is swamped with work. 40-45 yr old folks writing wills in these Covid times. This is likely to become a permanent feature in financial planning.
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@amitgupta0310
Amit Kumar Gupta
4 years
One theory floating around is government will loose 50% of STT by implementing these norms! The new norms are only applicable to retail investors, not institutions. Retail investors delivery volumes on exchange are mere 3%. What exactly are we panicking about?
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