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 Nifty could slide 73 points at the opening bell. Overseas, Asian stocks are trading lower on Friday as the recent rally in U.S. stocks broke momentum with the Nasdaq snapping a three-day winning streak. Here are six money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Rajesh Palviya Jain, Axis Securities
Amara Raja Batteries | Buy | Stop loss: Rs 632 | Price target: Rs 670
Tata Chemical | Buy | Stop loss: Rs 997 | Price target: Rs 1,055
Recommendations by: Ratnesh Goyal, Arihant Capital Markets
Delta Corp | Buy | Stop loss: Rs 286 | Price target: Rs 302
Adani Enterprises | Buy | Stop loss: Rs 1,82 | Price target: Rs 1,920
Recommendations by: Vikas Salunkhe, Nirmal Bang
Glenmark | Buy | Stop loss: Rs 508 | Price target: Rs 550
Adani Ports | Buy | Stop loss: Rs 760 | Price target: Rs 792
(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.)