What is it like? Is this probably a big swing factor that can deprive the market from the pain we’ve been?
Porinju Veliyath: See, the market has experienced some corrections, but it cannot be called a major pain. no? Isn’t it an individual stock level or a portfolio level?
Porinju Veliyath: i don’t think so. A few months ago, everyone in the studio and investment fields, everyone, felt that it was a bit overshoot, especially in the recent small -scale and medium CAPS. 。
So this was expected, but it was late and is happening now. So I feel that it is not a big surprise for 90 % of market participants, and they expect it.
And when you come to your budget, I don’t think the budget will cause the sea change to the situation. Budget, I don’t think people are expecting much. In fact, many people and ordinary people are a little dissatisfied, whether on the left wing or the right wing. Maybe this budget will open such a thing.
Yesterday’s economic survey was talking about trusting people so that it would not get in the way. It is very meaningful. This is a shortage of today, and there are so many problems for this. Very famous people, such as very famous people, very reliable voices such as Mohandaspie, Sandepparev, Mannish Savarwal, and Suljitte, are all talking about the same thing. In other words, it means that there is something you really have to do.
I hope this budget will start such a thing. We are talking about regulation floves. Some people call it, what are you calling, regulation cholesterol?
So I have heard this kind of word in the past. It is very important. It really means being there. So I hope to start something to resurrect the budget. When Nikunj is talking, the theme of this budget should be revived and revived. I hope it will happen.
And these are three shares from the Porinju Sim Sim, and the three shares are initially IXIGO, Potean, and Indegenee. Please tell us about these businesses. Why do you like IXIGO?
Porinju Veliyath: Basically, it is more than stock, and other shares may exist vertically. I was watching a large -scale rise trend and a domestic trip to see the middle class and the downstream class, this company focused on a system like trains and buses, and even flights. 。
Now they are talking about hotel reservations and many other new vertical. Of course, if you go at a price to add a multiple, I feel that it is very high. However, this kind of business cannot be obtained with 15-20 PE anyway.
How much is IXIGO’s price goal?
Porinju Veliyath: There is no target. I think this could be a great comparse for the next 5 to 10 years, taking into account the background of the industry.
But is it a good level to buy a salmon now?
Porinju Veliyath: I feel that I gave a good correction last week. I do not hold this stock. We do not purchase with funds or unique ones. So I just want to say that.
The shares of the next stock polyinyu are fluctuating. Currently, it is a digital infrastructure as well as Protean. All NPs and backend work that occur here. Did you talk about this last budget?
Porinju Veliyath: yes.
Where did the stock go from the final budget?
Porinju Veliyath: In fact, it was about 1200 or at that level. It was 2200. Now it has given a sharp correction. I feel that is the level to see again. Therefore, these are not for transactions. If someone believes in the growth of digital infrastructure in India and India, or if you are using digitalization of that level than any other country in the world, this must be far away. Social security is also included in pension -like segments, which are like ATAL Pension Jojana’s monopoly.
And you think you own 1 % of Equity, right?
Porinju Veliyath: There are already about 2-3 %.
2-3 % of company stocks?
Porinju Veliyath: Yes, in portfolio management.
Large -scale investment. PMS is getting bigger. I can see it.
Porinju Veliyath: We are very small funds.
Third, I know the numbers here, as I mean to track Proteans closely. But I do not track indegenee. I do not track it. Therefore, you need to introduce the company for us. What does the company do and why do you like it?
Porinju Veliyath: This can be called Pharma Technology or Medtech Company indegenee. They are affiliated with global pharmaceutical companies and life care companies. They support companies for R & D operation efficiency, digital transformation, and basically expensive operations. It is a company that has been very successful and already acquired. I think it is a market capitalization of about 13,000-14,000 crawls.
Do you own stocks?
Porinju Veliyath: We own shares in the fund.
And what are your price goals?
Porinju Veliyath: Again, I don’t know. So, I feel that Inegen can be a great comparison for many years, a great comparison, 20-25 % of it, and it’s a solid company. A large company. It is not a small company with global management, but they are expanding. I think this is a stock idea for seeing a fargee technology.
Therefore, the idea of KHUL SIM SIM is IXIGO, Protean, and Indegene. And I’m going to disclose it on behalf of Polinju again. He is actively managing money. When the stock price rises, he will make a lot of money. He has vested rights. These are not recommended. Please do your homework. These are not trading ideas. These are ideas that need to spend 3-5 years of time. There is no problem now. Does the market really expect anything from this year’s budget?
Porinju Veliyath: Yes, expectations have recently been banked. Change is required. There is no doubt about it. Economic surveys clearly show it. And people started talking about tax terrorism. There are many rumors and news around you. Not good. And I am convinced that I know well about what politicians are happening, and they do something on this budget and feel my intestinal feelings as a trend.
With a budget, you can’t do everything. Basically, give freedom. Please trust people. Don’t get in the way. A few governments. Maybe we need something like a government -efficient DOGE. We need to reduce our regulations and regulations. I just want to talk about something. Currently, it is also operated in AIF Category 3. It is a small fund. We started in 2017 and developed our business.
We stopped it for some of the taxes gray areas we found. And this will be a shocker for Mumbai AIF people. AIF category 3 alone has about 1,20,000 crawls. According to CBDT Circular, everyone has to pay 42 % tax. This has been reduced to 39 % of the fund level. And I say this CBDT yen, the core of the CBDT circular, you are shocked, it is unconstitutional, irrational and incredible.
Hopefully, I hope I understand something on this budget.
Porinju Veliyath: Yes, bureaucrats recognize these at the CBDT level, the Ministry of Finance level, but no one is doing anything. Imagine something of 1,20,000 kro under control. You are the only money you have, keeping listed companies for 5 and 10 years, and paying 42 % of taxes.
I heard that they really want to deal with them, so I hope this budget will happen.
Porinju Veliyath: So why do we need to maintain such a gray area? Now, I don’t know how much control they have, how much control they have, and how much they are aware of. I think bureaucrats should change, culture should change, they must make things smooth for the people. Otherwise, it will be an anti -nation.
So, I tell you, for this, we stopped earning money in 2017 and made a preliminary ruling from the authority of the 2018 prior judgment. And they continued their hearing days.
Two weeks before the hearing, I received a call from an unknown person from Delhi. You will come to see us in Delhi, if you want an advantageous ruling, can you imagine this?
Therefore, it is a question from the market, as a result of simplification and complexity of taxes.
Porinju Veliyath: Delete the gray area. That is the most important thing. This is not a new thing. This has been there since the time of Chidan Balam, and sometimes people were talking, so bureaucrats maintained the gray area so that the decayed officers could use it. So why is the gray area? Make it very clear. For many years of capital gain, clarify.
