Discover and read the best of Twitter Threads about #RelianceInds
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#NSE - Interesting #Statistics - #TweetStorm - •% of Shares Deliverable to Total Shares Traded now at 15.05%. Lowest since 2001. % of Delivery to Value of Shares Traded at 16.44% below 2009 !! #Daytrading increasing or #HFT , #colocation and #marketmaking? 
Value of Shares Traded ( Cr ) at the Highest Ever. A peak in this generally an Inflection Point for the long term. For example January 08 value got hit in June 09. What is it now ?
The Top Traded Counter in 2019-2020 was #RelianceInds which is expected that its the top weight. But 3.24% of total Turnover was #YesBank !! Marginally lesser than 3.61% of #RelianceInds
#TweetStorm In the year of consideration for #LTCG where 3.67 lakh crores was supposed to be booked. There was a one-off bulk deal ( promoter to promoter entity ) of #RelianceInds of almost 1.5 lakh crores which might have got considered as #LTCG.
Our calculations suggest even in a case of 3% Equity changing hands and 15% cagr the expected 20k crores Tax Revenue will not happen in any of the next 10 years !! May not cross STT numbers also for 5 years !! Low Revenue Tax in practical case may not even get 3000 cr a year.
A guesstimate of 2-3 crore Unique Individual Investors are being taxed for #LTCG and will fill more columns in IT returns instead of catching and penalizing Tax Evaders/Money Launders nooreshtech.co.in/2019/07/ltcg-t…
