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03 Jul 2017

As GST kicks in, you should invest in these stocks

GST clocks positive financial market, stock prices climb

With India's latest tax reform, GST kicking in this month, many industries are faced with uncertainty and confusion.

The financial market, although, has seen exuberance.

Tax analysts and industry experts state that the regime will be positive for the companies that are listed across the indexes, as well as for the unorganized sector.

Here is the list of stocks which are worth investing in!

In context

GST clocks positive financial market, stock prices climb

Analysts upbeat about Sensex momentum

"GST is going to be a game-changer in the long run. However, small companies and traders look confused. I see Sensex at 30,000 level by December 2017, while on the upside it can touch the 34,000 mark," said Vijay Kedia, Managing Director of Kedia Securities.

Post GST: Stocks worth contemplating

GST gains

Post GST: Stocks worth contemplating

Some of the stocks that could gain big include Britannia, Colgate-Palmolive, Finolex, Kajaria Ceramics, VIP Industries, amongst others.

Britannia and Colgate have been paying taxes that fringed 20% and above. With their rates being fixed at 18%, the companies stand to benefit.

Kajaria's strong consolidation will help boost their stocks, while VIP and Finolex can take advantage of the disruption in the unorganized sector.

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Tax benefits

Pidilite, UltraTech, others set to chart positive gains

Pidilite and JSW Energy stand to benefit through lower GST rates, which is currently slated at 18% and 5% respectively.

With nearly 60% of freight through road, analysts forecast that UltraTech will clock better performance.

Heritage Foods' revenues also remain upbeat with milk being excluded from GST.

Marico's exposure to low tax rates due to GST is also expected to see greater profits.

Future Retail, Titan, and others expected to see better profits

Expansion plans

Future Retail, Titan, and others expected to see better profits

Analysts are positive on Future Retail's profitability after GST, due to its massive expansion plans through the retail sector.

Companies such as GMDC, Hindustan Unilever and Titan are set to see better profit margins, due to lower tax rates.

ITC's outlook also brightens, due to the earlier 'tax on tax' being wiped out by GST.

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