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Kirubakaran Rajendran

10 Sep, 8 tweets, 2 min read

https://twitter.com/WeekendInvestng/status/1436017541655109637

I have worked with Infosys and other IT companies for 10 years, let me explain why the mess up with tax portal happened and how #TCS attacked #Infosys indirectly through this ₹4200 crore IT portal project in this 🧵

https://twitter.com/WeekendInvestng/status/1436017541655109637

When it comes to handling government projects TCS is the real king, not only in India they run government projects for many countries, TCS have decades of experience and expertise in handling various govt projects successfully.

TCS handles major project like Passport Seva Kendra, India Post and IRCTC. We all know how flawless these portals are. Infosys won the Tax project through a bidding process. The Income Tax portal was previously run by TCS. Once TCS lost its project to Infy, problem started.

When a project moves from one firm to another, KT (knowledge transition) happens between these two firms. Domain/Tech expertise from Infy will be meeting this TCS, where the team who handled the tax portal project has to handover all required info to Infosys team.

I have personally attended numerous such KT session in the past, with companies like Bank of America, Goldman Sachs n many more, not even once the experience was good. The team who handles the project in these companies don’t pass on all critical information.

The go live has to get postponed multiple times because of such information gap. The same case is happening with TCS now, they would have not passed on all the critical info to Infy team, which is really messing up the whole project.

TCS has now created a bigger image that when it comes to handling Govt project, none of the govt is going to hand over the project to Infy any more. Even the employees from Infy would be afraid to take part in such govt projects because of escalation from Nirmala Sitharaman

Winning a new govt project is completely different from winning a project from an existing company. This is where Infosys got screwed and TCS regained their brand image by losing the bidding to Infy, destroyed Infy’s image on handing govt projects.

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Kirubakaran Rajendran

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9 Sep

Most beginners when building a trading strategy simply use current info and test with it, they don't know How to Get Historical Stock Futures lot size, list of stocks that are part of index like Nifty 50, Nifty 500 historically, I will share all such info in this thread

Please note that there is no way to get the historical lot size of stocks futures, NSE don't publish it directly, so we need to do some calculated steps to get that data. Download Market Activity report www1.nseindia.com/products/conte…

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@stockmock_in

We are launching an easy-to-use execution platform called #OptionX where any traders can automate their option trading strategy with a click of a button. Also they can simply copy/paste their existing strategy from @stockmock_in and execute it with optionx.in

list of pre-defined strategies available in OptionX, you just have to click on any of the strategy and execute the same. If a user want to execute Short Straddle strategy, he just have to select it, enter the desired stop loss %, I have specified 25% in the below example.

And click on Trade button, you just have to select your broker.

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Warren Buffett is the richest investor of all time. Everyone knows that, but he is not actually the greatest-when measured by average annual returns. Jim Simons, the one who runs the most successful hedge fund in the world Renaissance Technologies has made 66% annually since 1988

No one comes close to this record. Warren Buffett has compounded around 22% annually. But how come he is richer than Jim Simons who has made higher returns than Warren Buffett.

Warren Buffet started investing at his very early age when he was 10 years old. His networth is around $85 billion, of that $84.2 billion was accumulated after his 50th birthday. His skill is investing, but his secret is time.

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Why you should not invest in fixed deposit? Once we start earning and make some lump sum money, one of the most common recommendations from our parents would be to invest that into Fixed Deposit. Does it really makes sense now,if one invest in FD for long term? Let's check it out

If you Invest 1 lac in FD for 10 years with current interest rate of 5.4%, your 1 lac grows to 1.7 lacs in ten years. But after tax, your FD interest rate will be just 3.92%, so after ten years your post tax returns would be only Rs. 1.47 lacs only.

But consider the inflation, remember what was the #petrol and #diesel price before 10 to 15 years? Currently, we pay around Rs.100 per litre, but in the year 2003 it was just Rs. 33. The fuel price alone increased more than 203% in last 15 years.

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Kirubakaran Rajendran

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A short thread on The 80/20 rule for Trading and Investing. If you really want to improve your trading result, follow this one simple approach which can immediately show you the reason why you weren’t able to make profits in the stock market.

Retrieve your last six months’ trade report and check the results trade wise.

You could observe there are some trades you made profits and there are some days you made loss. That’s normal for every trader, but if you dig deep you can see the following observations

There are few traders who are always quick to book profits when the trades go in their favor, but wait for a longer time to come out of loss making trades. All the little profits you made would have been wiped out by this one or two losing trades. Overall net result is negative.

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