JM Financial turns bullish on Indian consumption stocks on proposed tax cuts

** JM Financial turns bullish on consumption stocks and negative on infrastructure segment due to proposed GST cuts** Changes stance on consumer, cement, and internet stocks to "overweight" from "underweight"** Also raises auto stocks to "overweight"** Says government's income tax cuts and proposed…

Sep 3, 2025 - 09:01
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JM Financial turns bullish on Indian consumption stocks on proposed tax cuts
** JM Financial turns bullish on consumption stocks and negative on infrastructure segment due to proposed GST cuts** Changes stance on consumer, cement, and internet stocks to "overweight" from "underweight"** Also raises auto stocks to "overweight"** Says government's income tax cuts and proposed…

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