Short term capital loss is not allowed to set off against long term capital gain. Its always Long term gain set off against long term loss. In your case, even long term gain is also not there.
Posts in category Value Pickr
Embassy REIT: Is this “Blackstone” promoted REIT is real diamond? (25-07-2022)
That property belonged to Embassy group Sir. The REIT is separate. And hence the flags on the post 
Will delete in a bit.
Selan Oil Exploration (25-07-2022)
Has anyone looked at these news? I mean both these can be very impactful for the company, right?
With first news, now Selan is no more bound to sell the Produced Oil to ONGC. They have a dispute ongoing on price difference. Somewhere in their past presentations it was mentioned.
With the second news below, the new management has shown intent and started taking steps.
Waiting since ages to see the stock turn around.
Swaraj Engines – Great cash flows! (25-07-2022)
Hi,
Quarterly results are out.Revenue has jumped from 317 crore to 401 crore,And profit jumped from 33 odd crores to 39 crore.It seems to be a good result and market giving its a thumbs up.
Board Outcome attached.
8f7a325c-ef98-42f1-a2be-ee80621712a8.pdf (1.8 MB)
Thanks,
Deb
IDFC First Bank Limited (25-07-2022)
I think small retail customers have little incentive to stay with the bank now. 4% interest rate now for amount less than 10 lakhs when compared to 7% earlier. How does this serve the purpose of granualized deposits.
Hitesh portfolio (25-07-2022)
Most chemical sector stocks which were running on narratives (of being speciality players 
) are now down and out. A lot of these largely commodity kind or quasi commodity kind of companies were touted to be weather proof and immune to vagaries of demand and impact of raw material prices. Problem is not with the business or promoters per se, but the kind of valuations given to these companies. Commodity companies which attain speciality companies’ valuations would often find it difficult to live up to market expectations and hence there will be meltdown. This happens with most sectors at some point of time during their market fancies. But there will be exceptions to these sectoral meltdowns in most instances. And there will be reasons for this phenomenon.
The kind of companies that have remained aloof from the meltdown in the chemical sector are the ones which I think are the real speciality companies with a sort of moat (at this point of time, mind you. Things can change over time here too) In such companies, the narratives are matching the numbers reported by the companies. And that’s what seperates boys from men. (again at this point of time) How long this party lasts is anybody’s guess, but as long as numbers keep chugging along, valuations will sustain and even probably grow in terms of PE being accorded.
Navin reported decent numbers if compared to a lot of other companies from similar space. Personally I feel at cmp, valuations are stretched inspite of good numbers. But who am I to question market wisdom? Maybe there is a clear road map drawn for near 20-25% growth for next 5-10 years. (I don’t track it so not much idea, but price action does indicate market confidence in the company) Against that, today I saw numbers from a smallish (in terms of sales not valuations or market cap) company named Tatva Chintan. Revenue drop, profit drop, margin being affected, everything going in the wrong directioin. Stock price has corrected from highs of near 3000 to current levels of 2370. On charts there was a clear double bottom breakdown below 2320 with a potential downside of nearly 700 rupees. But till now price has managed to hang on above and around 2300 levels. One of the reasons could be high promoter holding of 79%. Or could be some other reason. These are the kind of situations I keep in my study list to see how price action plays out to what I feel are poor results. You keep observing these things and try to keep learning how markets work.
I do not track Navin closely so not much idea about whether valuations are justified or not. However I do own and track Guj Fluoro and looking at global situation in fluoro polymers, there still seems to be strong tailwinds for this particular sector and the company itself. But the proof of the pudding will lie in the eating, and hence I would keenly watch the quarterly results due to be out and management commentary. As of now, the stock price seems to be showing strength and resilience.
My idea in riding this company is to enjoy the music till it lasts and keep on lookout for any signs or newsflows contrary to my investment thesis.
Tanla Platforms ~ Leading player in the fast-growing CPaaS market (25-07-2022)
I’d recommend everybody to read into Tanlas previous bullish run. Some of it has been mentioned in the fraud thread at VP.
All things which tanla has right now, relationship with Voda, Brokerage reports with buy target, promoter open market purchases, cash on books, high growth, is what tanla boasted in the 2007 era. Many veterans on VP have made losses in it in the past.
Not saying they are fraudulent, but links to the current CM of Andhra are proven with the promoter.
Also read the forbes article on Dasari Uday Kumar Reddy, it seems off to me(as though it has been made to create a halo around promoter, speculating not sure how true what I’m saying is, just keep the tone of that article in mind)
Disc - exited a month back at minor profits.
PayTM (One 97 Communications Ltd) (25-07-2022)
Indeed! It could be very beneficial.
Sharda Cropchem – Can it get into indian market in a bigger way? (25-07-2022)
Topline grew by 32%, however gross margins were severely impacted due to Euro weakening vs USD. Management is confident of recouping margins and is guiding for 15-20% sales growth & 18-20% EBITDA margins in FY23. Concall notes below.
FY23Q1 concall
- Expect sales growth of 15-20% with 18-20% EBITDA margins in FY23, expect significant margin revival going forward
- Gross margin impacted due to Euro weakening against dollar, PAT was impacted by higher depreciation and forex losses. Confused as what to do as Euro weakening was very unexpected. Don’t want to move all the Chinese supply contracts to Euro as Euro can also strengthen and company doesn’t want to lose that benefit if it happens
- Hoping to end FY23 with gross margins similar to FY22
- This Euro weakening against dollars benefit Indian suppliers tremendously, especially those who have lower import dependence i.e. their cost base is in INR and not USD
- Gross margin breakup for agchem: EU (31% vs 42% last year), NAFTA (24% vs 25% last year), LATAM (17%, same as last year), ROW (23% vs 31% last year)
- Agchem volumes: 4mn vs 3.5mn in EU, 2mn vs 2.4mn in NAFTA, 1.1mn vs 1.5mn in LATAM, 300’000 vs 340’000 in ROW
- Demand for agchem division is good in Europe, there has been pressure on demand in NAFTA due to weather. Not seeing much pricing pressure
- Contribution for Western Europe is higher than Eastern Europe for agchem
- Capex: 102 cr. (special focus is on expanding biocide registrations). This is expected to be in the same range or increase slightly
- Sales growth components for entire sales: Volume (-) 2.5%, Price (+) 38% and (-) 3.3% through forex loss. Is most of price increase due to non-agro division? Yes
- What is contributing to such high growth in non-agro business? Marketing strategy is helping where Sharda is supplying tailor made products to customers, also quality of products is much better. Additionally, Chinese suppliers had higher bandwidth to fulfill these orders. Margins have improved from 14% to 22% due to passing on of higher freight rates
Disclosure: Invested (position size here, sold few shares in last-30 days to bring position size closer to model portfolio)
Investing Basics – Feel free to ask the most basic questions (25-07-2022)
Regarding tax calculation in ITR
1.Having STCL of 3000
2.Having LTCG of 1000
LTCG less than 1 lakh is tax exemption.
But in ITR form it is setting off Current Year Capital Losses with Current Year Capital Gains(LTCG)
so i have only loss of 2000 to carry forward to next year. why it is calculating LTCG which is in tax exemption. or we no need to show LTCG with in exemption limit in ITR