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GST rationalisation: More to it than meets the eye. 14 stocks from different sectors with upside potential of up to 53%
The new GST regime has kicked in and the street (like everyone else, from consumers to India Inc) was enthused. If the NIfty closed lower on Monday, it had to do with the H1-B scare over the weekend. Now, history tells us that every change in taxation structure, either direct or indirect, has multiple impacts. Some very obvious, others not so much. So, when FMCG and auto stocks move higher, it is a case of a simple and direct impact. But there is a set of companies which are big winners of the new GST rates. However, as they have only an indirect relationship with the rationalisation, not many are talking about them. In fact, some of these goods have not even seen any cut, but are still winners.
The new GST regime has kicked in and the street (like everyone else, from consumers to India Inc) was enthused. If the NIfty closed lower on Monday, it had to do with the H1-B scare over the weekend. Now, history tells us that every change in taxation structure, either direct or indirect, has multiple impacts. Some very obvious, others not so much. So, when FMCG and auto stocks move higher, it is a case of a simple and direct impact. But there is a set of companies which are big winners of the new GST rates. However, as they have only an indirect relationship with the rationalisation, not many are talking about them. In fact, some of these goods have not even seen any cut, but are still winners.
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