These 8 banking stocks can give more than 27% returns in 1 year, according to analysts
While everyone is looking at direct consumer plays, one of the gainers of the cut in GST rates is the banking sector – especially those banks with a decent presence in the retail segment. They are the ones who will be financing the buying of all additional automobiles sold because of the GST rate cut. Also, if we are hoping to see a consumption-led recovery, it is very likely that banks will be big beneficiaries, along with other financial sector players. Why? Because, beyond automobiles, a lot of consumer goods, from electronics to white goods, are financed these days.
While everyone is looking at direct consumer plays, one of the gainers of the cut in GST rates is the banking sector – especially those banks with a decent presence in the retail segment. They are the ones who will be financing the buying of all additional automobiles sold because of the GST rate cut. Also, if we are hoping to see a consumption-led recovery, it is very likely that banks will be big beneficiaries, along with other financial sector players. Why? Because, beyond automobiles, a lot of consumer goods, from electronics to white goods, are financed these days.
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