To create a sustained growth story from hereon, Kotak said unless we avoid tax arbitrage in debt and unless debt markets grow it will be a one-legged race. “The current gap on the highest marginal tax rate between debt and equity of 39% and 10% is perhaps too wide,” he pointed out, while also recommending that the government must relook at double taxation on dividends.
Concurrent Gainers: 9 smallcap stocks gain for 5 days in a row
We identified 12 stocks that gained on all five days, delivering cumulative returns ranging from 10% to 30% during the period.