General Trading Chat

[Smart_trade]

Another opportunity for short term loss harvesting in Biocon for this financial year.Last year we took in Bajaj Finance,Kotak Mahindra.

Smart_trade

 

[Smart_trade]

Motilal Oswal assets under management are Rs 20,000 crores as of 31-3-2017. This has doubled in last year. It was Rs 10,000 crores in 31-3-2016.

Smart_trade

 

[phoenixbird]

Biocon declared 2 bonus shares for every share held...and a dividend of 30%

Smart_trade

Sir, how do you see biocon on chart? i feel its sideways and looking bit weaker

Thanks

 

[HappyLife]

Yesterday it was Bankindia, today it is Unionbank which is on a sprint.

Unionbank your favorite stock & proper price pattern today …. so good profit day for you .......

 

[manoj2012]

Motilal Oswal assets under management are Rs 20,000 crores as of 31-3-2017. This has doubled in last year. It was Rs 10,000 crores in 31-3-2016.

Smart_trade

Da,

It is not surprising ........ as Porinju says ....... We are in a mid of SIP revolution ....

 

[manoj2012]

Biocon declared 2 bonus shares for every share held...and a dividend of 30%

Smart_trade

 

[manoj2012]

Another opportunity for short term loss harvesting in Biocon for this financial year.Last year we took in Bajaj Finance,Kotak Mahindra.

Smart_trade

Da,

How Loss Harvesting from Bonus Shares is done ..... Please explain the Maths behind it.

 

[Smart_trade]

Sir, how do you see biocon on chart? i feel its sideways and looking bit weaker

Thanks

It has doubled in last one year. So some profit booking and sideways action is fine. Their financials are good and the company has declared such high bonus means they are confident of maintaining the performance on increased capital.....

I have Biocon in my portfolio and I am buying some more.

Smart_trade

 

[Smart_trade]

Da,

How Loss Harvesting from Bonus Shares is done ..... Please explain the Maths behind it.

Suppose you have some short term capital gains in trading of cash market shares. You have to pay a short term capital gains @15 % on them and if you are showing that stock trading as your business, it gets added to your business profits and taxed according to your tax slab.

Suppose you buy 100 shares of Biocon just before the ex bonus date, your investment will be Rs 1,10,000=00 . You will get 200 shares as bonus shares and immediately on allotment of bonus shares, you sell the 100 shares bought originally. That time the ex bonus price will be somewhere around Rs 350=00 so you incurr a short term capital loss of Rs 1,10,000=00 - Rs 35,000 ( sale of 100 shares ex bonus) = Rs 75,000 short term capital loss.

So in the above short term loss, you can adjust all your short term profits ( to an extent of rs 75,000=00 and you save totally on short term capital gains tax.

But remember that the 200 bonus shares which will be allotted will have cost of acquisition as Zero.So if they are sold within 1 year from their date of allotment, then you will be paying short term capital gains tax on this sale....if sold after 1 year then that gain also is long term capital gains in stocks and is free from any tax.

Smart_trade

 

[timepass]

Federal Bank posts good results.

Maybe now the BNF will show some life