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?
The benchmark equity indices are likely to open in the red on Thursday tracking mixed global cues. In the previous session, equity benchmark Sensex jumped 194 points to close above the 53,000-mark for the first time, propelled by metal, finance and banking stocks, as investors were in buying mode ahead of a reshuffle of the Union Cabinet. Overcoming a choppy start, the 30-share BSE Sensex climbed 193.58 points or 0.37% to close at its fresh lifetime high of 53,054.76.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by Rohit Singre, LKP Securities
Granules | Buy | Stop loss: RS 337 | Target price: Rs 350-355
Garware Technical Fibres | Buy | Stop loss: Rs 3350 | Target price: Rs 3450-3,500
Recommendations by Sneha Seth, Angel Broking
Indian Hotels | Buy | Stop loss: Rs 147.30 | Target price: Rs 161
Hindalco | Buy | Stop loss: Rs 380 | Target price: Rs 417
Recommendations by Manas Jaiswal, Manas Jaiswal Technical Research Group
RBL Bank | Buy | Stop loss: Rs 217 | Target price: Rs 235
Tata Steel | Buy | Stop loss: Rs 1284 | Target price: Rs 1275
(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.)