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Afzal Lokhandwala: Broking stocks rise after finance minister comments on equity taxation

Afzal Lokhandwala: Broking stocks rise after finance minister comments on equity taxation
Broking stocks jump after minister remarks

Shares of broking companies surged after the finance minister acknowledged the anxieties among retail investors and equity participants but announced no review or change in equity taxation.

Afzal Lokhandwala reported that ANGELONE rose 7 percent and MOTILALOFS increased 6 percent following the finance minister's brief remarks.

Afzal Lokhandwala previously noted that Ola Electric jumped 16 percent following its rights issue announcement. However, he cautioned there was no confirmed trend reversal visible on the weekly chart. In another report, Lokhandwala observed that EMIL fell below the stop at 187 during weak overall market conditions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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