These are normal in almost all banks. All banks have a foreclosure charge clause in their loan documents (except in products like home loan etc, floating rate loan given to MSMEs, etc). Some of these comes up in the news occasionally.

Why screener is showing Zero Taxes paid in Profit & Loss statement for each year. For FY24 its negative . Any idea why is so ?

It is good to have a healthy debate and contrarian views especially when we put our own money in stock market with an aim to get some return and healthy debate may help us to correct our thought process.

In my view and what I have seen in my investing career, Every sector is cyclical in nature in stock market. There may be very few specific stocks without being sector specific which may have given consistent returns in every cycle.

Once , FMCG was thought to be non- cyclical. now it is found it is not.

IT is no longer non- cyclical. It is cyclical now as being seen last few years

Pharma once thought to be non- cyclical, it is not so. it has its own cycles

Steel , cement and all commodity all are cyclical.

Energy power is cyclical as it depends upon overall industrial activity and overall economy.

so, basically all business are cyclical as it depends upon capex & consumption , demand and supply which many time we try to balance.

Now coming to 2000 infra boom , what was the capex?? It was 0.5 % of GDP and that also was not actually spent due to lack of drive and initiative at that time . it was just not sufficient to drive the infra sector. So infra companies did not perform well and so also the infra stocks.

During 2023-24, what was the capex as % GDP? you will get the answer from the following link at the end of this post.

Not only the capex was fully utilised last year and it is reflected in order book position and financial performance of infra companies.
And still manufacturing has to take up and has a long way to go, given the capex push during Modi 3- a lot of PLI schemes , renewables , Atma nirbhar Bharat , Railway capex mega plan , enhanced defence budget allocation and export of defence products to international market are under implementation.
And yet fiscal deficit was still maintained at 2000 level and still the govt trying to reduce.
The Govt walks the talk.

So , my take is that as long as the Govt initiatives continue with mega capex push , there is no reason why the infra, defence would not do well.
Do for infra , capital goods , defence , railway , it seems to me has a long run-way for growth.

Valuation of stocks is something , I am not an expert. But what I have seen whenever there is a froth in the market, the market tries to correct downwards And if the market finds under-valuation in stocks , it corrects upwards. It is natural. And if there is some black swan event , then everything falls.
I always tend to believe what the realities are and the way market move is the collective decision of an universe of intellectuals.

Insurance Foray Will Be Limited To 3 States In The Experimental Stage: Narayana Health | CNBC TV18

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