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 domestic equity market may open in the green on Monday. Of late, Indian equity markets have witnessed volatility recently due to a record spike in local coronavirus cases amid the second wave of the pandemic in the country. The benchmark BSE Sensex declined by 953.58 points or 1.95% in the last week as surging Covid-19 cases and growing localised restrictions continued to dent investor sentiment.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Ajit Mishra, Religare Broking
BPCL | Buy | Stop loss: Rs 408 | Target price: Rs 444
Glenmark | Buy | Stop loss: Rs 520 | Target price: Rs 615
Power Grid| Buy | Stop loss: Rs 202 | Target price: Rs 225
Recommendations by: Mazhar Mohammad, Chartview India
Himadri Speciality Chemicals | Buy | Stop loss: Rs 42 | Target price: Rs 52
Century Textiles | Buy | Stop loss: Rs 430 | Target price: Rs 497
Birla Soft | Buy | Stop loss: Rs 240 | Target price: Rs 270
(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.)