Entries Categorized as 'Stocks'

Direct Tax Code: Book Profits and Buy Back?

Date March 3, 2010

With the Budget revealing that the Direct Tax Code will be implemented from April 2011, a few choices have to be made now. The DTC brings in capital gains tax back again – even long term capital gains, which don’t get “preferential” treatment a…

Posted in Credit Repair, DirectTaxCode, IncomeTax, Stocks, TaxSaving Comments Comments Off

Reliance (RIL) sells 2675 cr. of Treasury Stock

Date January 4, 2010

Reliance Industries today sold 2,675 cr. of its own stock at an average price of 1,035 per share, to fund . LiveMint says the money will most likely go to fund the LyondellBasell acquisition ($10-12 billion, or 45-55K cr). Treasury stock is when a com…

Posted in Credit Repair, Reliance, Stocks Comments Comments Off

InfoEdge: No EPS Growth, But Great Stock Price!

Date December 13, 2009

Info Edge (NAUKRI) continues to astound me. They’re literally flatlining EPS for the last six quarters, and yet, command a P/E of 35!

To talk less and show more, here’s a graph of their revenues, stock price and PE/EPS comparison.

(Click for a lar…

Posted in Credit Repair, InfoEdge, Stocks Comments Comments Off