Weekly Fin-Fun Newsletter #57

Pay off Home loan, Tax season Saving Ideas, Stock + Docu of the Week, Beaches ..

Nifty is good for longs with stops at 18200 levels

Bank Nifty also in the Green Zone, Stops at 42000 levels

Super Volatile Natural Gas longs only above 519

Crude Oil looks good for long above 6474 levels

• Stock of the Week

Indoco Remedies - CMP 366

Indoco Remedies (Indoco) is a Mumbai-based pharmaceutical company that focuses on formulations with a presence in contract manufacturing and research. The Company is engaged in the manufacturing and marketing of pharmaceutical Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs).[1]

KEY POINTS [ edit ]

Business segments
A) Domestic Formulations (41% of FY22 revenue)[1] Company offers high-quality medicines in multiple therapeutic categories, which include diabetology, respiratory, stomatology, women's health, nutritional products, gastroenterology, cardiology, metabolic disorders, and primary care medicines.
The Company has a predominant presence in the South (37%) and West (33%), followed by the East (17%) and North (12%). The Company caters to multiple doctor specialties and generates more than 83 million prescriptions annually from over 3,00,000 doctors across India

High Market share:[2]
The Company enjoys a good position in the domestic market with 55 products ranking amongst the top 5 positions

Products – Market Rank – Market Share[2]
Cyclopam – 1 – 49.9%
Sensodent-K – 1 – 97.4%
Karvol Plus – 1 – 69.8%
Sensoform – 1 – 56.2%
Cital UTI – 1 -27.7%
Kidodent – 1 – 8.9%
Rexidin M – 1 – 82.4%

B) Exports (54% of FY22 revenue)[3] Indoco’s International Business is spread across 55 countries, including the United States of America, Europe, Australia, New Zealand, and Emerging Markets, and has 110 Patents (39 for FDFs, 71 for APIs) and has Marketing authorization in 69 countries.

PnF Chart - Indoco Remedies

Renko Chart - Indoco Remedies

Annual Report

• Tax Saving Season - ELSS

You will start getting email from HR asking you to show your investments, Do this instead of paying high taxes.

Investments upto Rs 1,50,000 can be claimed under Section 80C for tax deduction. ELSS funds are the only equity linked mutual funds which are applicable for this deduction. These funds have a 3 year lock-in period.

Here are some Options for you.

Do feel free to check out

• Docu of the Week

Fugitive: The Curious Case of Carlos Ghosn on Netflix

• Some interesting Reads and Tweets

Satish 🇮🇳 @bombaylives

Superbly explained by @StableInvestor This is what we are helping consumers at @myEMIsaver

Stable Investor @StableInvestor

If you have a Rs 50 lakh home loan 🏡 or plan to take one soon, here is a long thread on how to manage it well. It discusses various options you can use to become loan-free quickly. Here is the thread🧵& it highlights all possible home loan prepayment scenarios 👇👇 (1/n)

Alex Banks @thealexbanks

Peter Thiel turned a retirement account into a $5 billion dollar tax-free piggy bank. Here's the incredible story:

Desi Thug @desi_thug1

10 Extremely Beautiful Beach Roads in India 1. Vizag Beach Road, Visakhapatnam

CA Kanan Bahl @BahlKanan

By March end, people panic buy useless tax saving products🔻 It is important that we start the homework now🤔 NPS can get you deduction up to 50,000+10% of Basic Pay & DA (beyond 80C) 🤯 More about NPS before you take a decision👇

Desi Thug @desi_thug1

12 Amazingly Beautiful Flyovers in India 1. Shaikhpet Flyover, Hyderabad

Great bit from comedian @mrnatogreen
“What do politics have to do with me?”

https://www.instagram.com/reel/CkuIenxpf1P/?igshid=MDJmNzVkMjY%3D

Joe @josephradhik

Mumbai, in a frame.

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