News
|
Key
takeaways
|
Implications
|
Companies
|
GST
bill passed in Lok Sabha
|
The GST bill was passed in Lok Sabha
yesterday. After the Lok Sabha cleared the Goods and Services Tax (GST) Bill
on Wednesday, all eyes are on the Rajya Sabha which poses the real test
because the government does not have a majority there. As per media reports,
the Bill which is likely to come up in the upper House on today is likely to
be cleared in Rajya Sabha as well because of an intense outreach effort by
the government. We believe this to be a litmus test for the government in
RajyaSabha. If the bill is passed in the RajyaSabha it will be positive for
the overall markets in the short to medium term
|
Short to medium term
|
Overall markets (+ve)
|
Long Term Investment Ideas
Sector
|
Recommendation
|
Auto
|
Maruti,
M&M, Bajaj Auto
|
Banking
& Financials
|
HDFC
Bank, HDFC Ltd
|
FMCG
|
ITC,
Tata Global, Pidilite, Godrej Con, Emami, Dabur
|
Mining
& Energy
|
NMDC,
Cairn India, Coal India, Hindustan Zinc, NTPC
|
Pharma
|
Sun Pharma
|
IT
& Telecom
|
MindTree,
KPIT Tech, Infosys, Tech Mahindra & Bharti Airtel
|
Mid
Cap
|
PVR,
Zee Entertainment, GPPL, Titan
|
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