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?
Trends on the Singapore stock exchange indicates that the Nifty could rise 5 points at the opening bell. On the macro front, India’s merchandise exports in October rose 42.3% on a year-over-year basis to touch $35.47 billion, as per preliminary trade data revealed by the Ministry of Commerce and Industry on Monday. Total merchandise imports in October, however, rose 62.5% to $55.37 billion. The trade deficit in the month of October widened to $19.9 billion compared to $9.15 billion, recorded in October 2020. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Mudit Goyal, SMC
Sun TV | Buy | Stop loss: Rs 575 | Target: Rs 615
Lupin | Buy | Stop loss: Rs 932 | Target: Rs 964
Recommendations by: Shivangi Sarda, Motilal Oswal Financial Services
L&T Technology Services | Buy | Stop loss: Rs 4,810 | Target: Rs 5,110
Grasim | Buy | Stop loss: Rs 1,730 | Target: Rs 1,890
(Disclaimer: The recommendations in this story are by the respective research and brokerage firm. Money9 & its management do not bear any responsibility for their investment advice. Please consult your investment advisor before investing.)