PAN or Permanent Account Number is the unique code that identifies an Indian National. PAN is a 10 digit unique alpha-numeric code issued under Income Tax Act 1961. It is a misconception that if i am not paying income tax then i don't need PAN. Just to clarify that Permanent Account Number or PAN is mandatory for specified transactions. It is mandatory for each and every individual, company, Minor, NRI, the taxpayer, non-taxpayer, senior citizen etc to obtain and quote PAN for these transactions. There are only three exceptions to this rule i.e. the central government, the state government and ... Read More
Multibagger Stock – Can an Equity Investor Identify Them In Advance
Multibagger Stock is one the most loosely defined terms in the stock market. In my opinion, a tag of Multibagger Stock is used by so-called "Stock Gurus" or "Stock Market Experts/Analysts" to create a buying interest in the stock. I observed that most of the times, it is a trap to provide an EXIT route to some big operators. Normally, the beginners in the stock market are trapped in such marketing gimmicks. On one of the business channels, one of the stock expert suggest one stock before the market opens. He is well known Stock Market Expert. He will label his recommendation as a multibagger ... Read More
How to Select Your Stock Broker?
A Stock Broker can make or break your fortunes. I was quite surprised to check the portfolio of one of my friend. His portfolio delivered +ve returns even after market corrected more than 10%. It was the magic of his Stock Broker. In my opinion, the net returns are 20% after adjusting the market correction. For simplicity purpose, in this post i will refer individual/organizations/firms/Analysts as a Stock Broker only. There are certain professions which are mainly dependent on word of mouth publicity like Doctors, Lawyers, Financial Planners etc. Stock Broking is one such profession. In the ... Read More
Impact of Reliance Jio on Telecom Stocks
The Launch of Reliance Jio will not impact Telecom Stocks concluded one of the telecom analysts after Reliance AGM last week. Maybe the conclusion is based on overall weakness in the stock of Reliance Industries Limited (RIL). The last years return of RIL stock is -16.72% whereas the return from Sensex is +5.38%. Sometimes i doubt whether stock market considers the financial strength and fundamentals into account or not. The best examples are RIL and ONGC, India's most profitable companies. Ideally these 2 companies should outperform each and every listed company on the stock exchange. ... Read More