Is it time to book profits in auto stocks or are these long-term bets? Chakri Lokapriya answers
“In terms of the capital gains, the market is not expecting anything and in other words, it will clearly be a very big negative if they tinker with either short term and long term capital gains tax, or change the holding periods because equity is risk capital whereas fixed income by definition generates a fixed income and there is no upside or downside relatively speaking.”