Extend concessional tax rate of 15% to domestic infra industry, LLPs
Industry groups are proposing several direct tax measures for the Vote on Account, including extending the concessional tax rate of 15% to domestic infrastructure companies and non-corporate taxpayers like LLPs and trusts. They are also seeking exemption from withholding tax on payment of interests on overseas bonds with longer maturities, allowing carry forward and set […]
Tech View: Nifty breaks below 100-DMA. What traders should do on Wednesday
In terms of Open Interest (OI) data, the highest OI on the call side was observed at 19,600, followed by the 19,500 strike prices. On the put side, the highest OI was at the 19,000 strike price.
Stationery maker Cello World’s Rs 1,900-cr IPO to open on Oct 30
Mumbai-based Cello World has a product portfolio across three key categories — consumer houseware, writing instruments and stationery, and moulded furniture and related products.
CreditAccess Grameen shares zoom over 12% on strong Q2 results. Should you buy, sell or hold?
The lender’s total income rose by 53% at Rs 1,248 crore, while net interest income rose by nearly 50% at Rs 772 crore. Pre-provision operating profit increased by 68% at 563 crore. The NBFC-MFIs gross loan portfolio grew 36% year-on-year (YoY) to Rs 22,488 crore, while the customer base expanded 21% to 46.03 lakh at […]
Chart Check: 40% rally in 3 months! NMDC breaks out from inverted Head & Shoulder pattern; time to buy?
The breakout has opened room for the stock to head towards 200 levels in the next 3 months, suggest experts. Short-term traders can look to buy the stock around 160.
Kotak Bank shares plunge post Q2, new CEO & MD’s appointment. Should you buy, sell or hold?
Among foreign brokerages, Jefferies downgraded the stock to hold while slashing the price target while CLSA took a contrary view and maintained an outperform rating on the counter.
BSE shares zoom 13% to fresh high on increase in transaction charges for derivatives
BSE said with effect from November 1, the transaction charges structure for equity derivatives segment will be revised with effect from November 1 for Sensex options with nearest and immediate expiry. Under the new rules, transaction charges for incremental billable monthly turnover or premium value up to Rs 3 crore would be Rs 500.
Hot Stocks: Brokerages view on JSW Energy, Paytm, Kotak Mahindra Bank, and ICICI Bank
CLSA maintained a sell rating on JSW Steel but raised the target price to Rs 250 from Rs 234 earlier.
Buy or sell today: BHEL, Paytm among top 10 trading ideas
Volatility has been moving in a narrow range around 11 zones and thus not creating any major panic in the market with a capped upside.