Sneha Seth from Angel One suggests a positive outlook for Nifty and Bank Nifty, advising long positions with a Nifty stop loss at 24,500. PSU banks are performing well, with potential consolidation. Seth recommends buying Federal Bank, targeting 214 with a stop loss at 202, and UPL, targeting 657 with a stop loss at 621.
Company’s income not taxable in shareholders’ hands: HC
The Delhi High Court ruled shareholders do not own company assets. They only own shares. Therefore, they cannot be taxed on a company’s income. Dividend