I know we cannot always take his statements seriously, but he is still considering indexing capital gains for inflation and giving investors the benefit of indexation maybe to boost participation in the US market.

imo this isn’t really needed. The US market is already massive, and this even after its huge rally and near its all time highs our country literally increased taxes when the market went up and we keep doing changes in taxes increments, so 0 stability.

If this proposal actually becomes true, our Indian markets could see huge outflows as investors may prefer to invest in their own market if the tax advantage becomes meaningful.

With our relatively high taxes on investments, we may struggle to compete for FIIs. I hope the Indian government takes this seriously and considers reducing investment related taxes before such changes become reality, especially if the goal is to attract more foreign investment and keep domestic capital invested in India…

My mom has spent pretty much her entire life doing things for everyone else. Every decision is about the family, the kids, what we need, what someone else wants. She’ll happily spend money that she saved on our birthdays but if she wants something for herself, suddenly it’s arre I don’t need it! She’s 51 now and honestly it bothers me so much that she still has to depend on someone else financially. So for the last few months I’ve been slowly trying to convince her to learn trading. It took A LOT of convincing lol. She had the classic Indian mom reaction of what if someone steals all of it?? and thought I was trying to get her into some shady online scheme. Eventually she agreed to give it a shot. We started really small and have been using sahi trading while she learns the basics. She’s actually picking it up surprisingly well. She keeps saying it feels like being back in school and feels like a young girl again. And today she made her first ₹2k. Guys. You should have seen her face ! She was SO happy. Not even because it was ₹2k, but because she made it herself. She kept checking the number and smiling like a little kid. I think that feeling is what I’ve wanted for her this whole time. I don’t expect her to suddenly become some full time trader or anything. I just want her to have something that’s hers. Something that makes her feel capable and independent again. I genuinely feel like our moms deserve a second chance at doing things just for themselves. Anyway, we’re taking it very slow and I’ll probably update this thread after a few months.

​

reliance ROE 8.6%. ROCE 11.8%. in the same screen, airtel is at 22% ROE and 26.3% ROCE. icici at 18.4%.

stock closed at ₹1,277 today, roughly 2% above its 52 week low. down from ₹1,611 a year ago. meanwhile they just posted record quarterly EBITDA with revenue up 24.5%.

and every mutual fund in the country is stuffed with it. index funds, flexi caps, large caps, all of them. you own reliance whether you decided to or not.

here's my actual take. reliance is a great company. jio changed the country. retail is a real business. the refining and petchem base prints cash. none of that is in dispute.

but a great company at the wrong ROE for the wrong size is a bad stock. 8.6% return on equity for india's largest business means the capital isn't compounding fast enough to justify what you're paying. airtel is doing 3x the ROE at a fraction of the size.

the reason nobody says this out loud is because reliance criticism sounds like heresy in indian markets. it's the ambani stock. the "safe" stock. the one your dad owns.

and yet the numbers just sit there.

tell me why i'm wrong. genuinely, because i'm about to reduce my exposure and would rather be talked out of it than talked into a mistake.

Source- WSJ article https://www.wsj.com/finance/commodities-futures/oil-rises-on-prospect-for-prolonged-supply-disruptions-in-middle-east-2b9b6919

Engineers India is finally breaking out of a range that has been in place for almost 16 years.

Price is around ₹280 after a strong move today. The long-term chart looks interesting, and the breakout is coming with good volume.

Fundamentals also look decent — low debt, ROE around 22%, and profit growth has been strong.

Too early to call it a confirmed breakout, but definitely one I’m keeping on my watchlist.

What do you guys think — genuine breakout or fakeout?

mikemaloneyfreedom on youtube

Sulfur is just this byproduct from oil. So, you get these big piles of yellow stuff. And what do you do with it? Well, they sell it and it goes all over the world and the sulfur is mainly turned into sulfuric acid. It goes into making phosphate fertilizers. So, phosphate is a rock that you know there's a phosphate rich rocks there principally Morocco that has most of the world's supply of phosphate, but some in Florida, other places in the world, but you have this rock and it's it's not helpful. It's not fertilizer. So, now you have to put the sulfuric acid on it and that actually chemically extracts the phosphorus in a useful way and then we get these phosphorus based fertilizers like DAP, DTP. So, that's diammonium phosphate or you know, you get that phosphate up.

So, right now the sulfur has gotten so expensive. I think if you want again look at something where the price signal is real, there's no real futures market for sulfur. So, nobody's in there banging on it at 2:00 in the morning trying to make it go down. It started at about $300 a ton before the war and currently it's about $1,100 a ton And because of that, it's a lot more expensive, but there's also shortages showing up. So, the largest US-based phosphate producer of fertilizer Mosaic, they just cut their fertilizer production by 50% in the US and they actually terminated/suspended for a while their phosphate production in Brazil. Those are its two main operations. So, already we're watching fertilizer companies terminate production cause they don't have enough of this stuff.

The other 30 plus percent of this sulfuric acid, it goes into mining. So, they we have really bad copper mines where it used to be like 10% ore grades, then 2%, now 1%. The average ore grade now is 0.5% and it's not even worth running through a standard smelting process. Too much energy. So, they crush it, they put it in big piles and they spray sulfuric acid on it and it heap leaches out. They have a liner at the bottom. You collect the stuff at the bottom. And now it's Now you can, you know, just put that straight into the mining process and smelt it. So, we're already seeing marginal mines all over the world stop their copper production.

And by the way, even before any of this happened, the world was already short hundreds of thousands of tons of copper per year. We just don't have it. Like, we're just We're not producing enough. So, you can look at that. And then again, this comes into What do you use copper for? Everything. Electric car motors, all the cooling racks that go on top of the data center, you know, chips and all this stuff. It's just It's everywhere, right? So, we can just see shortage after shortage after shortage. This is why it's a polycrisis. And by the way, the number of things beyond that the sulfuric acid is used for is used in chip production. It's used in innumerable industrial processes. It's the most ubiquitously used industrial chemical out there.

I observe this as a pure manipulation. Natural price discovery is hijacked with an algorithm that gives nice a jump just before the day closure without natural inputs.

With SIPs and retailers shunning, the government wants to save it's MF sahi hain idea till it's in power and want retailers to be shock absorbers.

UltraTech has officially entered wires & cables.

KEI fell 7%.
Polycab fell nearly 6%.

But the real story isn’t UltraTech’s new factory.

It’s what happens if India’s biggest cement company turns its massive construction distribution network into an electrical distribution machine. ⭐️

Here’s why investors are worried ↓

•••

First, understand why UltraTech wants this business.

Someone building a house needs:

• Cement
• Waterproofing
• Pipes
• Wires
• Switches
• Sanitaryware

UltraTech already meets that customer at the cement stage.

It has 4,400+ Building Solutions outlets, 1.45 lakh+ channel partners and reaches 80%+ of India. ⭐️

The opportunity is obvious:

Why sell only the cement?

•••

And this isn’t a small experiment.

UltraTech plans to invest ~₹1,800 crore in wires & cables.

At its targeted 5-7× asset turnover, that could theoretically support:

₹9,000-12,600 crore of annual revenue at maturity.

For comparison:

KEI FY26 revenue: ₹11,748 crore

Polycab W&C revenue: ₹25,179 crore

UltraTech is potentially trying to build a business almost as large as KEI is today. ⭐️

That changes the competitive landscape.

•••

But don’t make the opposite mistake either.

UltraTech hasn’t suddenly become Polycab.

Its newly commissioned capacity is:

1.1 million km

Polycab already has around:

6 million km

Polycab also has about 30% of India’s organised W&C market and grew domestic W&C revenue 33% in FY26.

So this is a serious threat.

But NOT an overnight disruption. ⭐️

•••

The real battle won’t be fought inside factories.

It’ll be fought inside electrical shops.

Polycab already reaches 1.9 lakh+ retail outlets.

KEI has spent years building dealer, retailer and electrician relationships.

And electrical distribution is very different from cement. ⭐️

You need:

• Shelf space
• Multiple SKUs
• Dealer margins
• Electrician trust
• Reliable availability

UltraTech still has to build this ecosystem.

But it has one huge advantage:

It isn’t starting from zero.

•••

UltraTech already deals with home builders, contractors, architects, developers and construction-material dealers.

And it has the balance sheet to be patient.

That means it can spend aggressively on:

• Discounts
• Advertising
• Dealer incentives
• Electrician schemes
• Inventory placement

This is why the first damage to Polycab or KEI may show up in margins before revenue. ⭐️

More competition can mean:

Higher selling costs → Weaker pricing power → Lower margins → Lower ROCE.

That alone can hurt valuations. 🔴

•••

So how should investors read this?

Polycab:

Meaningful competitive risk, but probably the strongest defensive position because of scale, brand and distribution.

KEI:

Arguably more exposed because W&C dominates its business and UltraTech’s eventual target scale is huge relative to KEI.

UltraTech:

Potentially attractive diversification if it can actually build a ₹9,000-12,000 crore franchise while earning its targeted 20%+ ROCE.

The four numbers I’d watch over the next 12-24 months:

• UltraTech W&C revenue
• Dealer additions
• Polycab/KEI margins
• UltraTech W&C margins

The factory opening is only the starting gun.

The real question is whether UltraTech can turn its cement distribution moat into an electrical distribution moat. ⭐️

That’s what the market is pricing in today.

https://m.economictimes.com/industry/banking/finance/banking/rajesh-exports-repays-510-crore-dues-to-canara-bank-after-drt-order/articleshow/133662689.cms

Hey guys its been months since I wasn't using reddit and my day to day trading has been in low volume because you all can see the market is dead these days . Even fund managers are not able to make alpha.

I am doing physical metal trading and it's giving more than 2 to 3 percent profit per cycle . I am hoping our market goes up and I can see many dm in my inbox that they are still stuck . Let's hope people get exit soon .

I have been investing in PPFCF mostly through sips for about an year. I wasn’t planning to sell these because I didn’t need any money. I already sold other MFs I was invested in that were eligible for LTCG. Now it irks me that this money is lying waste. Should I sell? Or keep it?

Hi Mods,

I have been working on this tool that generates auto stock recommendations.

Built a rule-based swing-trading signal tool for NSE *-caps, posting the real, unedited track record, want honest/harsh feedback.

Over the past few months I've been building a personal project: a rule-based signal engine for NSE *-cap swing trades. Pattern detection RSI(14) confirmation across multiple timeframes, entry/target/stop set the moment a signal fires, minimum 1:2 reward-to-risk by design.

I'm not here to sell anything. It's currently free, I am not a SEBI-registered Research Analyst or Investment Adviser, and I have no plans to charge for it or push it on anyone without actually going through that properly first. What I actually want is for people who don't already know me to pick this apart before I let it grow into anything bigger, Reddit is a lot less polite than the group chat I've been getting feedback from.

Screenshot attached is live, from right now, not cherry-picked, it's literally the track-record page in the app:

• 10 signals currently tracked
• 1 target hit: MCX, +9.7%
• 3 stopped out: WHIRLPOOL −2.0%, LTFOODS −4.7%, ACMESOLAR +0.3% (stopped but still net positive from entry — happy to explain the exit logic if anyone's curious)
• 6 still open, ranging from −2.9% (BALRAMCHIN) to +8.3% (SAIL)

What I'd genuinely value:

• If you've built or used a signals/backtesting tool yourself, what's the most obvious blind spot in judging a system off a 10-symbol sample like this?
• What would make you distrust a tool like this on sight, before even looking at the numbers?
• Anything about the methodology itself (pattern + RSI + fixed 1:2 R:R) you'd tear apart immediately?

Not asking anyone to use it, not linking a signup anywhere in this post, just want the track record and the idea stress-tested by people with no reason to be nice about it.

It's not an ad: no link to anything, no app name, no Telegram/Discord/course/referral of any kind, and it's free with no monetization live. Just a data screenshot and a request to have the approach and the numbers picked apart. Wanted to check before posting rather than risk it getting auto-removed, happy to adjust the wording if you'd rather I frame it differently, or if this isn't something you allow at all.

(For clarity: not investment advice, not a SEBI-registered advisory service, personal/educational project.)

Nifty opened flat, broke support near 10 am but reversed from there and booked loss. Second trade from S1 target hit booked profit. At late 1:50 S1 gave signal for next trade which failed on morning. With hope of profit entered again on break of support and target hit booked profit. Nifty was so confusing today. Didnt know which side he wanted to go. At the end closed above 24000 strong support. It was a profitable day. How was your day?? Did you take trade???

E2E Networks just signed a ₹1,000 crore AI deal.

That’s roughly 4.1× its entire FY26 revenue.

But the real reason this deal matters is NOT the ₹1,000 crore headline.

E2E has already spent heavily buying NVIDIA Blackwell GPUs.

Now, a customer has committed to using part of that capacity through June 2029. ⭐️

That changes the economics of the business. 👇

•••

First, what exactly happened?

E2E signed a binding term sheet with an unnamed India-based “Sovereign AI” company.

E2E will provide:

• NVIDIA Blackwell cloud GPUs
• AI infrastructure/services
• Through June 2029

Total value:

~₹1,000 crore excluding taxes.

One important clarification:

“Sovereign AI” does not automatically mean the Indian government is guaranteeing this revenue.

The customer hasn’t been disclosed.

•••

Just how big is ₹1,000 crore for E2E?

FY26 revenue:

₹245.6 crore

Deal value:

₹1,000 crore

That’s about 4.1× FY26 revenue.

But E2E is growing extremely fast. ⚡️

Q1 FY27:

• Revenue: ₹156.8 crore
• PAT: ₹43.9 crore
• Revenue growth: 334% YoY

Annualise Q1 revenue and you get roughly ₹627 crore.

If the deal is spread roughly over 3 years, it could mean ~₹350 crore/year. ⭐️

Still huge.

But don’t simply add ₹350 crore to current revenue.

Here’s why. ↓

•••

The most interesting detail was revealed by E2E’s CFO.

The Blackwell GPUs involved were already deployed around May 2026.

Until now, they were operating largely on a pay-as-you-go basis.

The new agreement converts part of that capacity into a long-term customer commitment. ⭐️

Think of it like an airline.

You spend ₹1,000 crore buying aircraft.

Your biggest risk?

Nobody fills the seats.

Now imagine one large corporate customer commits to buying a big chunk of those seats for the next 3 years.

The aircraft hasn’t changed.

Your confidence that it will earn money has.

That’s what this deal does for E2E.

•••

This matters because GPUs are brutally expensive assets.

E2E invested ₹1,185+ crore in GPU infrastructure during FY26.

And GPUs start depreciating whether customers use them or not.

That creates the nightmare scenario:

Buy expensive GPUs
↓
Demand disappoints
↓
Utilisation stays low
↓
Depreciation continues anyway

That risk hurt FY26.

Despite ~₹126 crore EBITDA, E2E reported a PAT loss of roughly ₹15.6 crore. 🔴

Now compare that with Q1 FY27:

Revenue: ₹156.8 crore
PAT: ₹43.9 crore

Higher utilisation can create enormous operating leverage. ⭐️

Same GPUs.

Much more revenue flowing across them.

•••

But there are 3 important risks investors shouldn’t ignore.

1. Customer concentration

~₹350 crore/year from one customer could become a huge portion of E2E’s current business.

2. Contract margins

A customer committing for 3 years probably negotiates better pricing than someone renting GPUs on demand.

More certainty could mean lower revenue per GPU hour.

3. Capital requirements

E2E also approved a fundraise of up to ₹1,500 crore.

More money can fund more GPUs and more growth.

But equity issuance can also dilute existing shareholders.

So the key question isn’t:

“How many AI orders can E2E win?”

It’s:

How much return can E2E earn on every ₹100 crore invested in GPUs? ⭐️

•••

There’s also a strategic benefit.

E2E is tiny compared with AWS, Azure or Google Cloud.

Yet NVIDIA has already highlighted E2E among companies building Blackwell infrastructure in India. ⭐️

Now E2E has a customer willing to commit roughly ₹1,000 crore.

That gives it something extremely valuable:

Credibility.

And credibility can help win the next large AI customer.

So from here, I’d watch:

• Revenue recognition
• GPU utilisation
• EBITDA/PAT margins
• Customer concentration
• ₹1,500 crore fundraise
• Returns on future GPU capex

Business impact: Strongly positive. 🟢

The ₹1,000 crore headline is impressive.

But the deeper story is better:

E2E spent heavily building Blackwell capacity.

A large customer has now committed to using part of it through 2029.

That materially reduces one of the biggest risks in this business - buying expensive GPUs and then struggling to keep them busy.

The stock is a different question now.

After a huge run in 2026, expectations are already high.

From here, execution matters more than headlines.

PVR INOX is offering ₹1,450/share in its ₹300 crore buyback - nearly 20% above Monday’s market price.

Sounds like an easy 20% return?

It isn’t.

PVR is buying back only 2.11% of its shares.

And acceptance ratio + taxes can change the maths completely. ⭐️

The bigger story is actually much more interesting ↓

•••

First, what exactly has PVR INOX announced?

• Buyback: up to ₹300 crore
• Price: ₹1,450/share
• Shares: 20.69 lakh

• Record date: September 4
• Method: Tender offer
• Promoters intend to participate

One important correction:

You may see 4.07% mentioned in reports.

PVR is NOT buying back 4% of its shares. ⭐️

The actual share-count reduction is only ~2.11%.

•••

This is why the acceptance ratio matters more than the ₹1,450 price.

Suppose you own 100 shares and tender all 100.

If PVR accepts only 5:

• 5 get sold at ₹1,450
• 95 remain with you

So this calculation is wrong:

₹1,450 − Market price = Guaranteed profit. ❌

The real calculation is:

Buyback premium × shares actually accepted. ⭐️

And promoters participating could reduce the shares available to public investors.

•••

Small retail shareholders may have ONE advantage.

At least 15% of a tender buyback is reserved for small shareholders - broadly, investors whose holding is worth ≤₹2 lakh on the record date.

That works out to roughly 3.1 lakh PVR INOX shares here. ⭐️

Sometimes this category gets a much better acceptance ratio.

But we won’t know that until PVR publishes the actual entitlement ratio.

So buying today assuming “high retail acceptance” is still speculation. ⚠️

•••

The most interesting question is:

Why is PVR INOX returning ₹300 crore now?

Because its balance sheet has changed dramatically.

Around the merger:

Net debt ≈ ₹1,430 crore

March 2026:

Net debt ≈ ₹161 crore

Q1 FY27:

PVR became net-cash positive by ~₹81 crore.

FY26 free cash flow was around ₹790 crore. 🟢

For years, excess cash had one obvious job:

Pay down debt.

That job is largely done. ✅

•••

There’s another structural change happening.

PVR is increasingly opening cinemas through capital-light formats.

Of the 93 screens added in FY26, roughly 55% were capital-light. ⭐️

That means:

Less money tied up in new cinemas
= More free cash flow
= Greater ability to return cash to shareholders

This is why the ₹300 crore itself may not be the biggest story.

The buyback could mark PVR’s transition from:

Deleveraging mode → Capital-return mode. 🟢

•••

Two final things shareholders shouldn’t miss.

First, eliminating 2.11% of shares gives remaining shareholders roughly a ~2% mechanical EPS uplift, all else equal.

Useful.

Not transformational.

Second, buyback taxation has changed.

Buyback was presently taxed as dividend but extinguishment of share was treated as capital loss.

This posed problems to small shareholders who had no capital gains to set off the loss.

Therefore, in Finance Bill 2026, buyback treatment is changed to capital gains. ⭐️

Shareholders other than promoters will pay tax on such gains at the applicable capital gains tax rate.

That is 12.5% for long term capital gains, listed and unlisted.

20% on short term listed, and applicable rate on short term unlisted.

My read:

• Short-term sentiment: Positive

• Earnings impact: Modestly positive

• Capital-allocation signal: Strongly positive

But PVR’s biggest risk hasn’t changed.

Its earnings still depend heavily on whether audiences actually like the movies being released.

For long-term shareholders, ₹1,450 isn’t the main story.

The real story is that PVR INOX has gone from ₹1,400+ crore of net debt to net cash - and has now started returning capital to shareholders. 🟢

If that free cash generation survives weaker movie cycles too, that could be far more valuable than this one ₹300 crore buyback.

I want nifty 50 5 minutes market data for the last 1 year for backe testing purpose, so if any one has broker API or Angel one account, kindly help me to get the data.

If you have Angel account and don't know how to get, I'll help you out also...

In return if you wish, I can build an automation (Algo Trading set up) for your strategy at free of cost. Strategy could be anything - Day trading, swings, options, etc...

I want nifty 50 5 minutes market data for the last 1 year for backe testing purpose, so if any one has broker API or Angel one account, kindly help me to get the data.

If you have Angel account and don't know how to get, I'll help you out also...

In return if you wish, I can build an automation (Algo Trading set up) for your strategy at free of cost. Strategy could be anything - Day trading, swings, options, etc...