With the rumours on the street about overhauling and alignment of the tax structure for equities by the government, the market has picked up steam. Existing structure of Long Term Capital Gains (LTCG) tax, the Securities Transaction Tax (STT) and Dividend Distribution Tax (DTT) are possibly being reviewed by the Prime Minister’s Office in consultation with the Finance Ministry’s Revenue Department and NITI Aayog.
The corporate tax rates being lowest in Southeast Asia, last month DII buying was almost 4 times more than the FII selling. FII are expected to follow the trend soon. Nifty just being about 400 points away from its all time highs, it is a good time to add fundamentally strong stocks to your portfolio. We have compiled a list of the companies where, quarterly revenues and profit after taxes after declaring results for Q2 FY20, were higher YoY consecutively for the last 4 Years. The companies considered have market cap of more than Rs. 5000 crore.
