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?
Varun Beverages Ltd is up for a third straight session in a row. The stock is quoting at Rs 925.25, up 1.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.95% on the day, quoting at 15306.75. The Sensex is at 52117.03, up 1.11%. Varun Beverages Ltd has risen around 5.57% in last one month.
Meanwhile, Nifty FMCG index of which Varun Beverages Ltd is a constituent, has risen around 1.22% in last one month and is currently quoting at 33928.3, up 0.45% on the day. The volume in the stock stood at 2.05 lakh shares today, compared to the daily average of 2.77 lakh shares in last one month.
The PE of the stock is 92.79 based on TTM earnings ending September 20.
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Published: February 15, 2021, 13:54 IST