LTCG, STT: Is it opportune time for FM Sitharaman to relook at taxation to contain FIIs selling in Indian stock market?
State Bank of India is in focus.
· LiveMint Markets
LTCG, STT: The Government must seriously look into anchoring hot money flows into equity segment by extending the holding period to say 2-3 years and abolishing the long term capital gains tax for equity, says SBI…
The analysis
Against that, the stock is -0.5% on the day at ₹952.50, and has returned -6.3% over three months. It sits 22% below its 52-week high. The banks sector has moved -2.2% over the same period, so State Bank of India is running 4.1 points behind its peers.
For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is SBIN.
- Sector exposure: Banks, Capital Goods & Engineering, Capital Markets.
- The immediate tone of coverage reads positive.
In this story
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