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27/10/2023

👉🔴 HOW LIC ( THE BIGGEST INSURANCE COMPANY ) IS 🔴SCAMMING USING PUBLIC MONEY TO funds politically influences business

👉 LIC is using policyholders’ premiums paid to bailout companies in the bankruptcy process

👉 Some of the few penny stocks where LIC is wasting public premium paid amount are: - Aban Offshore Ltd, Flexituff Ventures International Ltd, Gokak Textiles Ltd, ATV Projects India Ltd, Integra Essentia Ltd

Most of these companies are loss-making companies, with negative ROC, ROCE, and Net profits, Negative Free cash, or where the is more than the company's assets and reserves. You would find only LIC fund managers have found these companies as a great investment opportunity and no other fund manager, banks, institutions, or has invested in these debt-ridden balance sheets that are close to .

LIC in ADANI ENTERPRISE is around 4.23% collectively roughly around 40000 cr. ( Again only LIC has invested in Adani and no other mutual fund found it as an investment )

Maybe now investors would know why LIC's equity-linked plans are not growing.

LIC has been an in several that are on the list of applications admitted by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016 (IBC).

One of the major defaults is ABG Shipyards ( Rs 22,842-crore bank fraud case, one of the biggest defaults in India)
Some more on the list are Amtek Auto, Alok Industries, Gitanjali Gems, Mandhana Industries, Jyoti Structures, ABG Shipyards, Videocon Industries, and many more. Most of the above companies have applied for bankruptcy and have seen an erosion in values of up to 95%.

LIC’s Rs 11,000-crore exposure to DHFL, Reliance Cap, and Sintex defaults in H1 FY20 is well known in the past.

This clearly shows how authorities use LIC for their vested interest in the companies that need a bailout from taxpayers' hard-earned money

LIC's Declining market share from 79% in 2014 to 64% in 2022.

This is because LIC is still dependent on its agents for selling policies offline, wherein the future is technology-enabled.

Major threats are from private players like HDFC Life, ICICI Pru, and SBI Life, which provide better and faster services, also available online.

👉 Pros :
The largest market share
Better settlement ratio
The most trusted brand in life insurance
One of the highest ROCE and free cash flow statements is a stronger balance sheet

👉 Cons:
Lack of online presence
Declining market share
High competition
Slow gov't processing
Higher premium
Lack of health insurance
Lack of customer service
High Price to earnings
High contingency funds compared to reserves

The LIC agent earns up to 35% commission and another 5% till the maturity of the policy, which is paid from the premium paid by the policyholder

LIC is destroying investors?

Elongate Global Investments

22/09/2023

India Expelled Canada’s Diplomat in Retaliation and asked to leave India within the next five days, which was a tit-for-tat move by India

Canadian external herself used the word “ May have been involved “ in their indicating that even they aren't confirmed in their allegations against India's involvement in the assassination of a Sikh activist on its soil.

Canada’s accusation that may have been involved in the assassination of a Sikh activist and terrorist on its soil has triggered a growing spat

There has been no evidence submitted either in Canadian or to the which confirms India’s role in any kind.

Eliminating all the without any confirmation, in real-time Indian diplomat has been expelled from Canada in an attempt to influence Indian-origin Canadian Khalistan supporters who are undoubtedly politically

The is a great mirror.

Elongate Global Investments

15/09/2023

$1 Billion Daily Sales ( 8200 crores ) as per Apple last quarter, See what contributed the most 👇

👉 54 %

👉 22% software services ( , fitness, TV+, News+, Arcade, Icloud+, etc )

👉 9% Apple wearables ( watch, )

👉 8%

👉 7% Ipad

The entry model to the new series, iPhone 15, will be available at a price of Rs 79,900. The iPhone 15 Pro models start at Rs 1,34,900. The most expensive model in the new iPhone 15 series is the iPhone 15 Pro Max (1 TB) which costs Rs 1,99,900.
Undoubtedly makes a lot with 44% gross margins on your purchase!

Elongate Global Investments

01/09/2023

Beyond Rocket Boys, The Rocket Women Of 's Space History, We all should be proud of!

👉 Anuradha TK : Anuradha TK worked as a project of the Indian Space Research (ISRO) and specialized in communication satellites.

👉 Moumita Dutta : Indian Physicist Moumita Dutta played an instrumental in the of the Mars Orbiter Mission.

👉 Ritu Karidhal : Dr. Ritu Karidhal Srivastava was a Deputy Operations to India's Mars orbital mission, Mangalyaan and played a key role during the project

👉 Muthayya Vanitha : Indian electronics system engineer, Muthayya Vanitha began her journey as a junior engineer at ISRO where she worked on hardware testing and .

👉 Nandini Harinath : A rocket at ISRO’s Satellite Centre in Bengaluru, Nandini Harinath worked as design deputy director for Mangalyaan and was among the leading women's team for the Mars Orbiter

👉 VR Lalithambika : VR Lalithambika is among the senior most scientists at the Indian space agency and is currently the director of the Human Spaceflight Programme Gaganyaan is India's space mission designed to carry three Indian astronauts to space for at least seven days.

10/08/2023

USA’s top investment banker ( Morgan Stanley ) upgrades India to “overweight

India is now different from what it was in 2013 said “ Morgan Stanley "

The situation in Indian markets is in stark contrast to that in China, with the at the start of a long-wave boom at the same time as China may be ending one, it said.
"We think returning India to an "overweight" rating and downgrading China to "equal weight" is warranted," analysts said, referring to the Indian markets' outperformance over as a sign of a structural breakout in favour of India.

India is now the top-ranked, most-preferred market among emerging markets (EMs), rising from the sixth spot, due to supportive foreign inflows, macro stability, and positive earnings outlook, the brokerage

This upgrade comes on the same day when Fitch downgrades US credit rating to AA+ on the basis of 'ballooning fiscal deficits, Over time, a lower credit rating could raise borrowing costs for the US

This upgrade is a great and invites FIIS and FDI”s in

The onset of the bull run will begin and continue in India in the long run

We will still continue to face challenges until we achieve a growth rate of 8-9%, therefore, expecting a radical transformation will be difficult, China's exports are more than $2tn, and Per capita GDP is still far above India with a strong manufacturing foundation.

Elongate Global Investments

30/06/2023

India Gets Victory at UN over Kashmir |

India Gets Victory at UN over Kashmir |
After 12 years, UN drops India from its report on children & conflict

This is the first time since 2010 that India has not been named in the report alongside countries like Burkina Faso, Cameroon, Lake Chad basin, Nigeria, Pakistan, and the Philippines

This will invite further in J&K for better development.

The United Nations Secretary-General has taken India off a list of countries mentioned in a report on children and armed conflict over the alleged recruitment and use of boys by armed groups in J&K and their detention, killing, and maiming by security forces.

The had been consistently engaged in efforts to exclude the country’s name from this ignoble list, the Ministry of and Child Development said in New Delhi.

“The Juvenile Act was not implemented and the juvenile homes there were not functioning properly. Other such as Child Welfare Committees, Juvenile Justice Boards, and Child Care Homes have since been established.

Pakistan has used the same report against on multiple occasions to defame India’s reputation and will no longer be exploited!

By Elongate Global Investments

16/06/2023

2 lakhs insurance for only 👉 Rs. 330 annually for your domestic help. Pls spread this to your Maids, labor, Vegetable, milk vendors, etc

A ) Pradhan Mantri Jeevan Jyoti Bima Yojana ( PMJJBY )
Premium is just 330 annually for 2 lakhs life cover

B ) Pradhan Mantri Suraksha Bima Yogna ( Only Rs. 20 per annum )
2 lakhs accidental & cover

Gov. Sponsored for anyone in need in

Elongate Global Investments Pvt.Ltd

02/06/2023

The world is shocked by India’s GDP growth rate, In these global challenges, India's GDP growth surges to 7.2%.👇

Germany is in , debt is a concern, has registered an economic of 4.5 % in the first three months of 2023. has stressed its currency, the World Bank is cutting economist forecasts & has become the fastest-growing economy in the

The growth has propelled the Economy to $3.3 trillion and set the stage for a $5 trillion target in the next few years.
Manufacturing’s gross value added (GVA) rose by 4.5 % year-on-year (YoY) in January-March, after posting a contraction in the last two quarters.

Proud moment!

Elongate Global Investments Pvt. Ltd👇

26/05/2023

How startups fool investors!
The funding scam
How most startups work (THE STORY OF FAKE & THE GAME OF EXIT WHICH NO ONE TELLS - beware
STEP 1
✅ IDEA 👉 Prototype

👉 Testing a product successfully by offering discounts to in exchange for customer Acquisition

👉 👉 Little Profitable 👉Seed-Funding

✅ STEP 2

Burn cash👉 Offer discounts 👉Revenues further Up👉 Loss widens

Doesn’t matter 👉 Valuations inflate

Now, in the Angel round, the Seed investor's partial exit

Investors: "Focus on revenues "

Startup founders: " But losses are increasing "

Investors: "It doesn’t matter"

👉 Series A - Angel Investor partially exits

👉 Further Growth in

👉 Losses soars but valuations keep rising

👉 Then comes Series B, C, D E with the partial exit of previous investors

✅ FINALLY ENTRY OF PE

👉 Time for previous investors to exit fully, Exit done

👉 Equity is offloaded to PE

👉 PE trying for an IPO to further sell it, just like Paytm, Car trade, Nyka, and PB fintech, so waiting for a perfect time.

✅ Stock Market in the Bull run, PE thinks a good time to Exit but the startup showing no signs of profitability

✅ All Offers for sales (OFS ), NO , professionally managed company

✅ Now IPO

👉 PE Happyy finally offloaded all equity to retail investors and others.

👉 never provides any guidelines, future earning potential, or & Any quarterly con calls

Most of the doesn't build the best products but based on the best PR
The story is presented to you in the process of brand building.

Misleading accounting terms like adjusted EBITDA profitability are used

While in private or public companies, most of the companies are presented to you as a last chance for funding to play with emotions. Of FOMO

Articles are published in about success stories before

Inflated and market share are shown to you

However, you will never see any signs of profitability

Because all these are at a loss, PE isn't the correct metric to value startups.

Here is the story of building

Most of the things are faked to look fancy.

The startup is now , HOW?
The metric is to become a

Who made money on this journey?
Angel , seed investors, and PE

Who lost?
Retail investors

Why does no one talk about profits?
The idea is not to make a anyway; the idea is to sell equity in profits in the next round of of a loss-making entity !

FINAL THOUGHT: The discounts that were offered to common people to acquire them at the beginning are offloaded in the form of equity in the stock market at the end in the form of losses

Investors in the Maldives
Retail investors in dreams

Meanwhile, some of the adorable ones are ZERODHA, ZOHO, BOAT LIFESTYLES, NOBROKER, and more.

05/05/2023

Virat Kohli's Portfolio revealed ( 358 crores with 5 stocks )

1 ) Tanla Platforms Ltd. = 133 crores

2 ) Eldeco Housing ltd. = 115 cores

3 ) Uniparts India = 54 cores

4 ) = 36 crores

5 ) Megrisoft = 20 crores

Which do you have in your portfolio?

Elongate Global Investments, www.elongateglobal.com

21/04/2023

This has stocks worth 20 lakhs crores or 60 times more than Rakesh Jhunjhunwala’s net worth👇
Currently, she is holding around 74 with a value of more than 20 lakhs crore
3 lakh crore worth of in alone!
She is our "President of India "
As per Article 77(1) of the constitution, the government of India's holdings and in any will be held in the name of "The President of "
Currently, She is holding around 74 stocks with a greater than 20 lakhs crore

Elongate Global Investments Pvt. Ltd

16/03/2023

, a 167-year-old , is in trouble?

Credit Suisse, which once presented a negative report on , is now under regulatory scrutiny for manipulating its own balance sheet. Credit Suisse's largest , , denied any assistance. Credit Suisse, which has given nearly 90% negative returns to its investors, is now at an all-time low.

Hinderberg, who shared the same opinion on Adani, ignored their own country's system when two of their major banks collapsed of more than 200 billion dollars.

Who is shorting the ?

The report was not denied by Adani, however, the intentions were mala-fide

Rising rates are a problem

Elongate Global Investors, www.elongateglobal.com

Address

104-B, Goodwill, NP Thakkar Road, Vile Parle East
Mumbai
400057

Opening Hours

Monday	9am - 8pm
Tuesday	9am - 8pm
Wednesday	9am - 8pm
Thursday	9am - 8pm
Friday	9am - 8pm
Saturday	9am - 6pm

Telephone

+918850932984

Website

https://elongateglobal.com/

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