FPI Tax Worries Spook Blue Chips
  • WebDesk BTVI
  • Jul 23 2019

Arun Kejriwal, Founder, Kejriwal Research and Investment Services (KRIS), said super rich tax has affected business of foreign portfolio investors (FPIs), and the finance ministry has made it clear there will be no going back on the tax. He said some bluechip shares have become more attractive due to reasonable valuations. According to Kejriwal, the valuations are looking decent as far as the IT sector is concerned, and he would prefer to go with top two or three in the IT sector. Here's more.