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Sanju Verma Profile picture
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1 Feb, 9 tweets, 13 min read
Excellent #Budget2021 by @narendramodi govt

16.5 lakh Cr Agri Credit allocation&Rs 1.18 lakh Cr for roads

Massive 34.5% rise Capital Spending at 5.54 lakh Cr

137% rise in Health budget

Income Tax scrutiny reduced from 6 to 3 yrs;No Double taxation of NRIs

#Growth,the focus
Hike in Insurance #FDI from 49% to 74%,pro #Reforms💪

#Dividend income invested In InvITs &REITs,tax free

No advance tax liability on Dividend income

#LIC IPO--BIG

#Disinvestment of BPCL,Pawan Hans,Air India,Concor,IDBI,Beml, Shipping Corp--BIG

64180Cr #Healthcare budget-BIG
5 Mega #Fishing harbours

7 Mega #Textile Parks

Agri Infra Fund to be available to #APMCs

Voluntary #VehicleScrapping policy

20000Cr #Recapitalisation of PSBs

#ARC to take over stressed assets

7 Port projects to be developed via PPP

18000Cr for Bus Transport
#Modinomics💪
Setting up #DFI,with initial capitalisation of 20000Cr,to have loan portfolio of Rs 5 lakh Cr--Huge push to Infra&jobs

Decriminalisation of #LLPAct 2008--BIG

Paid up Capital norms changed via amendment to #CompaniesAct 2013--Will help 2 lakh Cos

New #InvestorProtection Charter
No #Tax returns to be filed by 75yrs+ citizens,with only Pension income

No #TaxAudit for #NRIs,to remove confusion between accrued&vested income,subject to conditions

#TaxHoliday for rental #Affordable Housing projects& #StartUps, extended to March2022

#Sensex up 2000 points💪
Spend,Spend,Spend,BIG takeaway from #Budget2021

100 more districts under #Ujjwala-#Inclusivity

#Ekalavya School Budget raised from 20Cr to 38Cr&in Hilly areas 40Cr-Big for #TribalEducation

15000 #NewSchools to be strengthened,via #NEP

15700Cr #MSME Budget,doubled
#Modinomics
#Agri outlay of Rs16.5 lakh Cr apart,note,2.87 lakh Cr has been allocated for #JalJeevan

Jal Jeevan was launched in Aug 2019&from 19Cr households,over 3 Cr rural households,already have access to piped #DrinkingWater

#RuralGrowth focus,intact💪

@narendramodi does what he does!
Apart from focus on health, education&Infra,do note the eye for detail

Rs1000Cr for Assam #Tea workers

Rs 1 lakh Cr for UTs of Jammu, #Kashmir& #Ladakh,to be funded entirely by @narendramodi govt

Multi #SeaweedPark in TN👍

Rs35400 for #Covid vaccine &3758Cr for #DigitalCensus
#AssetMonetisation the big &recurring theme of #Budget2021

Decision to raise #ZeroCoupon,tax efficient bonds for Infra debt financing via #SWFs,will be big gamechanger

#NationalInfraPipeline of Rs1.97 lakh Cr, to be strengthened

Biggest ever #Defence allocation another big +ve

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More from @Sanju_Verma_

Sanju Verma Profile picture
30 Jan
PSU giant #SAIL reported 1468Cr profit in Dec'20 qtr Vs loss of 344Cr in Dec'19 qtr,showcasing strength of #EconomicRecovery,in Construction, Infra,Autos,Manufacturing

Hot Steel&Saleable Steel production rose by 12%&6% YoY,respectively

Ebitda rose by massive 346%,to Rs 5294Cr💪
#Larsen&Toubro's 76% YoY rise in Order Book in Dec'20 qtr,vindicates speed with which Infra projects are scaling up,under @narendramodi govt

Order book of L&T at Rs 3.31 lakh Cr in Dec'20 qtr,is up 9%,Vs March'20 qtr,which means Infra space is doing better than pre-#COVID levels
Despite a global #pandemic, L&T,which is a proxy to how #Infra space in India is doing,saw new order inflows of a massive 73233Cr, in just a single qtr of Dec'20💪

Segment-wise,Infra secured #Orders of 45574Cr,rise of 80% YoY, with receipt of two marquee orders of #HighSpeedRail
Read 5 tweets
Sanju Verma Profile picture
26 Jan
IMF today revised India's GDP growth forecast for FY22 from 8.8% to 11.5%,making it fastest growing global economy

#IMF listed India as only major economy of the world to register double-digit growth in FY22,thx to pathbreaking reforms&mega vaccine roll out by @narendramodi govt
For CY21/FY22,while IMF projects 11.5% for India,it says global GDP will grow by only 5.5%

Advanced economies to grow by just 4.3%&EMs by 6.3%

China@ 8%,Spain@5.9%&France with GDP growth of 5.5%,are the other projections

India's rebound under @narendramodi govt,to be fastest
L&T,#EPC behemoth, reported 17% rise in Profit,with margins up 80bps at 12%

Worth noting that L&T's order book at Rs 3.31 lakh Cr,is up a massive 76% YoY&the highest that it has ever reported in a quarter

Strong order inflows despite #COVID19,shows capex cycle is turning around
Read 5 tweets
Sanju Verma Profile picture
22 Jan
Against market expectations of 753Cr loss,#YesBank reports profit of Rs 151Cr,with NII growth of solid 31%

Gross NPAs down 8.6% QoQ
Net NPAs down 12.8%

What a brilliant turnaround,thx to timely action by @narendramodi govt

Note:Yes reported Profit despite Provisions up by 85%
#TataMotors reports highest ever PV sales in Dec'20 qtr,in 33 quarters

Ditto with #JSWSteel,which,despite input inflation,recorded highest ever Q3 sales,in its history

#Infosys recently reported Constant Currency growth of 5.3%,in Dec qtr,highest ever in 8 yrs
#EconomicRecovery
#JSWSteel numbers are pretty interesting

Profit at 2669Cr in Dec Qtr,up a massive 1327% YoY

Revenue up 21%,with Ebitda/tonne in excess of Rs13000

Ebitda at 5946Cr,up a solid 143%

Margins at 27.2%,up a whopping 1360bps

And all this,despite global headwinds
#EconomicRecovery💪
Read 5 tweets
Sanju Verma Profile picture
21 Jan
Sensex scripting history today,by breaching 50000 for 1st time,is vindication of investor faith in @narendramodi gov

#Sensex,from 40000 on Oct8'20 to 50000 in just 74 sessions&from 45000 on Nov4'20 to 50K today,in 32 trading days,reflects economic momentum

Modi naysayers,quiet!
When #StockMarket plummeted to lows of 25000 at peak of #COVID19 crisis,few had envisaged such meteoric rise from index's 3yr low

Plethora of factors fuelled rally

Liquidity push,FII buying,good corporate earnings,mega vaccine roll out&economic traction under @narendramodi govt
Rs 4633 Cr #IRFC IPO has been subscribed 3.49x on final day of 3 day bidding process;Issue received bids for 435 Crore equity shares as against offered size of 124Cr equity shares

35% of #IPO reserved for #Retail investors,saw 3.53x subscription, with #QIB oversubscribed 3.78x💪
Read 7 tweets
Sanju Verma Profile picture
14 Jan
#Fitch,last year said,in FY22,India's #GDP growth will be in 8.5-9.5% range,but has now upgraded it's forecast,saying India under @narendramodi,will grow by solid 11% in 2021-22💪

GDP growth estimates for India in FY22 👇
IMF 8.8%
Nomura 9.9%
India Ratings 9.9%
Goldman Sachs 13%
Fitch,while lauding Modi Govt said,India is unusual among EMs,in having secured pre-orders of various vaccines,sufficient to cover a population-wide programme,having pre-ordered 1.6 billion vaccine doses,including 500 mln of the Oxford/AstraZeneca vaccine through a local producer
M&M expects Tractor industry to grow between 17-19% in FY22;If overall #AutoIndustry grows by 15-20%,cascading effect on GDP growth,will be superior

After stellar Nos by TCS,#Infosys also reported solid 16.6% YoY rise in consol net profit at 5197Cr for Dec qtr
#Economy #Earnings
Read 6 tweets
Sanju Verma Profile picture
13 Jan
CPI@ 4.59% in Dec Vs 6.93% in Nov'20;It is for first time in current fiscal that #CPI,below 6%

In Jan2021,CPI may be lower than RBI forecast of 5.8%,which is good news

#CoreCPI in Dec,5.65% Vs 5.84% MoM

Money market rates,lower than #ReverseRepo,implying low rates here to stay
#FoodInflation 3.41% in Dec,Vs 9.43% in Nov

Vegetable Inflation@ -10.41% Vs 15.63%💪

Fuel&Light Inflation@ 2.99% Vs 1.90%

Housing Inflation@3.21% Vs 3.19%

Clothing&Footwear Inflation@ 3.49% Vs 3.30%

Cereal Inflation@0.98% Vs 2.32% (MoM)

Pulses Inflation@15.98% Vs 17.91%
Apart from #Tesla registering with RoC,big news is,IRFC's IPO of 4600Cr;opens on 18th Jan,in price band of 25-26

#IRFC,set up in 1986,is first NBFC in PSU sector,to go public

#IRCTC listed on 14thOct'19 at Rs644,a 101% premium to book price of 320&has been a huge wealth creator
Read 4 tweets

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