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?
Where Axis Bank on Monday posted a 94% year-on-year growth in net profit at Rs 2,160 crore, Kotak Mahindra Bank reported 31.99% YoY growth in net profit at Rs 1,641.92 crore in Q1FY22.
The benchmark equity indices are likely to open in the green on Wednesday tracking positive global cues. Earlier, equity indices languished for the second straight session on Tuesday as investors pared back their exposure to riskier assets amid a cautious trend in global markets due to a fresh spurt in Covid-19 cases in many countries. The 30-share BSE Sensex ended 185.93 points or 0.35% lower at 52,549.66. Similarly, the broader NSE Nifty tumbled 66.25 points or 0.42% to 15,748.45.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Stock recommendations by Chandan Taparia, Motilal Oswal Financial Services
Cipla | Buy | Stop loss: Rs 960 | Target price: Rs 1020
Burger King | Buy | Stop loss: Rs 156 | Target price: Rs 171
Recommendations by Mudit Goya, SMC Global Securities
Tata Consumer | Buy | Stop loss: Rs 749 | Target price: Rs 775
Titan | Buy | Stop loss: Rs 1710 | Target price: Rs 1770
Recommendations by Manas Jaiswal, Manas Jaiswal Technical Research Group
AU Bank | Buy | Stop loss: Rs 1044 | Target price: Rs 1135
Power Grid | Buy | Stop loss: Rs 229 | Target price: Rs 248
(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.)
Published: June 30, 2021, 08:36 IST