By Admin 
GST Rate Cut: Prime Minister Narendra Modi made a big announcement about GST reforms from the Red Fort on Independence Day. After this, when the market opened, the Sensex jumped 1,100 points in early trade. Especially the auto sector shares saw a tremendous rise. In such a situation, different brokerage firms have given their opinion on this and have suggested to investors regarding some special stocks.
Bernstein
Bernstein says that GST reforms will definitely give the market strengthened. However, due to the cut in capex, the effect will not be as deep as it should be. He believes that in the coming days, there may be a boom in industrial and consumer-oriented sectors.
Goldman Sachs
Goldman Sachs says that GST reforms will benefit consumer product companies. According to him, stocks like Dabur, Nestle and Titan can give good returns to investors. Apart from this, investing money in companies of garments and footwear sector can also be beneficial.
Jefferies
Global brokerage firm Jefferies believes that tax rate cut in the fourth quarter results is possible after the implementation of GST reforms till Diwali. Currently, GST on AC, two -wheeler and cement is 28%, which can come down to 18%. In such a situation, taxes on products like shoes, slippers, processed food, insurance and hybrid cars are also likely to be reduced.
Also read: Rupees roared due to market boom and GS
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)