Full Time Trader. Stocks | Economy I Hotels I Cards I Long India | Political Views Past- Bank of America, D.U
Joined October 2009
- Tweets21K
- Following1.2K
- Followers6.5K
- Likes21.2K
Probably, I was among the first ones to call out that Jio Platforms will become second largest company on listing in India and will have a market cap greater than Bharti Airtel.
Most experts and news channels were expecting Jio to be 4th largest behind Reliance, Airtel and HDFC.
Stellar listing.
Jio Platforms will become India’s second largest company by Market Capitalisation on listing day.
Current Rank:
1. Reliance: 16 Lakh crore
2. Bharti Airtel: 11 Lakh crore
3. HDFC Bank: 11 Lakh crore
4. ICICI Bank: 9.6 Lakh crore
5. SBI: 8.9 Lakh crore
Jio Platforms listing at ~14 Lakh crores will take it to #2
Over a period of one year, Jio will
may surpass Reliance and become the largest listed company. #Nifty #Sensex
The good results / bullish outlook by Maruti Suzuki and Bajaj Auto spells good for Mahindra (M&M), currently at 2,850.
Maruti raised the guidance for FY27 volume growth to mid-teens from 10% earlier.
Jio Platforms lists at 1,358, becomes second largest company on Stock exchanges.
Current Rank:
1. Reliance: 16 Lakh crore
2. Jio Platforms: 12.5 lakh crore
Both Mukesh Ambani 👆
3. Bharti Airtel: 11.9 Lakh crore
4. HDFC Bank: 10.5 Lakh crore
5. ICICI Bank: 9.8 Lakh crore
6. SBI: 8.9 Lakh crore
Jio Platforms will become India’s second largest company by Market Capitalisation on listing day.
Current Rank:
1. Reliance: 16 Lakh crore
2. Bharti Airtel: 11 Lakh crore
3. HDFC Bank: 11 Lakh crore
4. ICICI Bank: 9.6 Lakh crore
5. SBI: 8.9 Lakh crore
Jio Platforms listing at ~14 Lakh crores will take it to #2
Over a period of one year, Jio will
may surpass Reliance and become the largest listed company. #Nifty #Sensex
Jio Platforms lists at 1,358.
By Market Capitalisation now, the top two companies on Indian Stock exchanges belong to Mukesh Ambani.
1. Reliance Industries
2. Jio Platforms
Jio Platforms set to become the third largest listed company today on India’s stock exchanges?
Subscribed 22x priced at ₹1,119.
Jio may start by listing 10% up at around 1,230 which will give it a market cap of 11.5 lakhs crore.
If it lists at ~20% up around 1,340, it will become the second largest company.
Bharti Airtel is 12 lakh crore.
Number 1 is Reliance Industries.
The premium over the IPO price has continued to hover around 20% for roughly 10 days, which is unusually resilient for an offering of this size and in this kind of bearish market set up.
#Nifty #Sensex
On expected lines:
“Washington signals potential short, sharp escalation in Iran War after U.S. Midterm Elections” - Wall Street Journal
Post, the short escalation, Donald Trump will declare “self-victory” and will announce pathway to withdraw from the region.
The bond yield top is done in USA till Midterms end. (November 3)
Even after a hot CPI print yesterday, 10 year bond first moved to 5.32%, then retraced back and ended negative and is now at 5.10%
Positive for Indian Rupee and markets for at least a fortnight.
Post midterm, risk of Iran-USA war escalating for 7-15 days is a real chance before it eventually ends.
Jio Platforms set to become the third largest listed company today on India’s stock exchanges?
Subscribed 22x priced at ₹1,119.
Jio may start by listing 10% up at around 1,230 which will give it a market cap of 11.5 lakhs crore.
If it lists at ~20% up around 1,340, it will become the second largest company.
Bharti Airtel is 12 lakh crore.
Number 1 is Reliance Industries.
The premium over the IPO price has continued to hover around 20% for roughly 10 days, which is unusually resilient for an offering of this size and in this kind of bearish market set up.
#Nifty #Sensex
Jio Platforms will become India’s second largest company by Market Capitalisation on listing day.
Current Rank:
1. Reliance: 16 Lakh crore
2. Bharti Airtel: 11 Lakh crore
3. HDFC Bank: 11 Lakh crore
4. ICICI Bank: 9.6 Lakh crore
5. SBI: 8.9 Lakh crore
Jio Platforms listing at ~14 Lakh crores will take it to #2
Over a period of one year, Jio will
may surpass Reliance and become the largest listed company. #Nifty #Sensex
Going forward, you won’t be allowed to buy U.S stocks directly from India.
- RBI has proposed to abolish the LRS limit for Capital Account transfers, i.e from $250,000 to $0 under automatic route.
- Basically, this will kill the model of foreign investing or the ability to invest outside India.
Source: Zee Business
RBI has proposed a new sub-limit on certain transactions under the Liberalised Remittance Scheme (LRS)
Proposed Limit: INR 50 lakhs ($55,000)
- Business travel and pilgrimages may be brought under the proposed Rs 50 lakh sub-limit.
- Education and Health care will be kept outside the limit.
These are part of measures to curb dollar outflows and support foreign exchange reserves.
Overall LRS limit is likely to be maintained at $250,000 per year.
Big margin hit taken by Larsen and Tourbo “L&T”
- EBITDA margin comes in at 8.7% vs expectations of 9.7% due to cost pressures and sales mix
- Management commentary on the path ahead for margins will be important
- Margins declined from 6.2% to 5.7% in Infrastructure and Utilities segment while it declined to 7.4% from 8.2% in Conventional Energy segment
Rest numbers look fine including massive order-book.
Revenue: ₹78,750 Cr vs ₹67,983 Cr YoY, up 15.8%
Net Profit: ₹5,202 Cr vs ₹3,926 Cr YoY, up 32.5%
EBITDA: ₹6,845 Cr vs ₹6,806.5 Cr YoY, up 0.6%
EBITDA Margin: 8.7% vs 10% YoY, contracted 130 bps
Order Inflow: ₹1.47 Lakh Cr vs ₹1.2 Lakh Cr YoY, up 27.5%
Order book stands at 8.5 lakh crore.
Posted about Swiggy at ~280-300 that it will go below 200 and 100 in months to come.👇
Brokerages have come out with a 2031 estimates for Swiggy with targets of 100% upside.
I think you should stay AWAY from the counter.
Swiggy businesses into quick commerce requires cash burn to gain market share as well as regular capex for dark stores etc. Given its current financial and competitive landscape involving Blinkit, Amazon, Flipkart, Tata’s and Reliance, Swiggy won’t live till 2031.
The shares should slowly and steadily move towards sub 200 and sub 100 before being acquired in next 2-3 years. Current price is 285.
Not a buy or sell advice.
Approximately ₹4.90 lakh crore liquidity gets released today from the Jio Platforms IPO as it gets listed tomorrow on October 28.
Category-wise breakdown:
• QIB: 70.55x (~3.87 lakh crore)
• NII: 14x (~57,109 crore)
• Retail: 2.72x (~25,867 crore)
• Plus employees and RIL shareholders
The listing pop up, liquidity availability, LTCG rumours will provide support to the stock markets as US goes into the Midterms on November 3.
#StockMarkets #Nifty
Tomorrow Jio Platforms is listing.
Jio’s proposed market cap: ₹10 lakh crore.
In the most bullish scenario, if 20% pop-up happens, it adds: ₹2 lakh crore → listed market cap of Jio becomes ₹12 lakh crore
• RIL’s stake: 66% of the pop-up value = 0.66 × ₹2 lakh crore = ₹1.32 lakh crore
0.70 × ₹1.32 lakh crore = ₹0.924 lakh crore (≈ ₹92,400 crore)
• Assuming, Holding-company discount of 30%, Reliance Industries may add 92,000 crore of market cap.
- It means, Reliance Industries may rise by around 5%
If the listing pop up is 10%, it may result in 2.5% rise in Reliance shares.
Nothing to do in the stock markets, just sitting back quietly watching for the downward bias to halt and the bulls to show some signs of life.
Bastion Goa!
The LTCG tax relief chatter has picked up significantly over last two days.
Will it be done now or in Budget 2027?
My bet is sooner than later!👇
#STT #LTCG #StockMarkets
RS retweeted
India's Capital Markets Taxation: The Big Voices Are Speaking Up
Vallabh Bhanshali — Co-founder, Enam Group | 19 October 2026
“I think it should never have been there. And if there is no one in the world taxing FIIs the way we are doing, why should we have been doing it?”
Samir Arora — Founder, Helios Capital | 23 October 2026
“How can taxes not matter?” Arora argued that India competes with other markets for global capital and that lower taxation could improve India's attractiveness. He questioned why India should maintain taxes that put foreign investors at a disadvantage relative to other destinations.
Ajit Dayal — Founder, Quantum Advisors | October 2026
“I can state with confidence that, in 36 years of interaction with FPIs, we have never seen such dismay.”
Akash Prakash — Veteran investor, Amansa Capital | October 2026
“I have been investing in Indian equities for over 30 years. Rarely have I seen foreign sentiment this bad. All allocators are upset about the capital gains tax”
Ketan Dalal — Founder, Katalyst Advisors | 19 October 2026
“One of the greatest disadvantages ... foreign portfolio investors face is that the taxation of capital gains is in rupee terms and not in dollar terms.”
Soumya Kanti Ghosh — Group Chief Economic Adviser, SBI | 12 October 2026
Soumya Kanti Ghosh — Group Chief Economic Adviser, SBI | 12 October 202
SBI's Ecowrap recommended examining the abolition of long-term capital gains tax on equity, alongside extending the holding period to two or three years. Its argument focuses on attracting more stable capital and improving policy predictability.
Nilesh Shah — MD, Kotak Mahindra AMC | 13–16 October 2026
“Undoubtedly, the dual taxation by way of STT as well as capital gain is something which has bothered investors both globally as well as locally.”
What is your view?
Swiggy now conveniently below 200. Hit lower circuit today.
The company is on track to be acquired/sold for peanuts.
Brokerages have come out with a 2031 estimates for Swiggy with targets of 100% upside.
I think you should stay AWAY from the counter.
Swiggy businesses into quick commerce requires cash burn to gain market share as well as regular capex for dark stores etc. Given its current financial and competitive landscape involving Blinkit, Amazon, Flipkart, Tata’s and Reliance, Swiggy won’t live till 2031.
The shares should slowly and steadily move towards sub 200 and sub 100 before being acquired in next 2-3 years. Current price is 285.
Not a buy or sell advice.