DSIJ Mindshare

This section gives a recommendation of a stock having stock price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon.

This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year.

The global markets went into a tailspin after Trump announced introduction of tariffs on imports of steel and aluminium in the US. In India, the most affected stocks were naturally the metal stocks. The fear of trade war triggered panic selling in the global markets. The global markets recovered sharply after the US markets gained owing to positive employment data for the US economy. 

The Finance Bill 2018 has proposed certain amendments with regard to the scheme of taxing Long Term Capital Gain (LTCG) arising on transfer of listed equity shares and units of mutual funds. Under the existing tax regime, LTCG arising from transfer of long term capital asset on which STT is paid is exempt from the income tax u/s 10(38) of the Income Tax Act. However, the present tax exemption was misused and abused as a tool of tax evasion.