Tips to save IPO listing gains tax!
In the years 2023 and 2024, many IPOs brought huge earnings for the investors. But tax also has to be paid on this! What is the tax rule on booking listing gains from IPO? How can tax liability on listing gains be reduced? How will the tax be calculated on selling IPO shares?
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 30 points at the opening bell. Overseas, Asian stocks drifted higher Friday, taking cues from Wall Street where U.S. stocks climbed to record highs overnight.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Jay Thakkar, Marwadi Shares and Finance
Divi’s Labs | Buy | Target price: Rs 3,650-3,700 | Stop loss: Rs 3,450
L&T Infotech | Buy | Target price: Rs 4,300-4,400 | Stop loss: RS 4035
HUL | Buy | Target price: Rs 2,275-2,300 | Stop loss: Rs 2,195
Recommendations by: Chandan Taparia, Motilal Oswal Financial Services
Cummins | Buy | Target price: Rs 930 | Stop loss: Rs 855
HCL Technologies | Buy | Target price: Rs 1035 | Stop loss: 965
UltraTech Cement | Buy | Target price: Rs 7,050 | Stop loss: Rs 6,600
(Disclaimer: Stocks recommendations by experts or brokerages are their own and not those of the website or its management. Money9.com advises market participants to check with certified experts before taking any buy, sell or hold decisions.)