PM Modi GST Reform Top 40 Stocks to Watch
Prime Minister Narendra Modi’s GST (Goods and Services Tax) reform can bring a big change in the Indian economy. This reform will have a direct impact on many industries and companies. GST reforms are likely to speed up companies in areas like automobile, consumer durables, banking, telecom and agriculture. In such a situation, it can be beneficial for investors to monitor shares like Maruti Suzuki, HUL, Reliance Industries, D-Mart and Ultratech Cement. Look here, the entire list, companies whose shares can be seen with GST reform.
Where is the chance of leading from GST reform?
Prime Minister Narendra Modi’s GST reform is going to bring a big change in the Indian market. The most benefit will be to those companies which are part of the supply chain and which are sold mostly in domestic markets. The aim of GST is to unite tax and simplify business processes, which will increase transparency in business and also benefit small businessmen.
Due to this, sectors like FMCG, Consumer Durables, Automobiles and Healthcare can be seen. Apart from this, the service sector is also expected to benefit specially, especially in IT and Financial Services Companies. Infrastructure and construction companies will also get relief, as less taxes will be applicable on construction materials, which can make the projects cheap and complete rapidly.
These shares may rise
| Sector | Companies |
| Automobile | Maruti Suzuki, Tata Motors, Ashok Leyland, Bajaj Auto, Hero Motocorp, TVS Motors, Eicher Motors, Mahindra & Mahindra, Escorts |
| Consumer and durables | Voltas, Havells, Blue Star, Amber Enterprises, Whirlpool India, Hindustan Unilever (Hul), Dabur India, Emami, ITC, Varun Beverages, Patanjali Foods |
| Cement | Ultratech Cement, JK Cement |
| Banking and financial services | ICICI Bank, HDFC Bank, IDFC First Bank, Kotak Mahindra Bank, Axis Bank, State Bank of India (SBI), Bajaj Finance, HDFC Ltd. |
| Telecom | Bharti Airtel, Reliance Jio (Reliance Industries), Vodafone Idea |
| E-commerce and retail | D-Mart, Reliance Retail |
| Energy and gas | NTPC, Power Grid, Adani Green, Oil and Natural Gas Corporation (ONGC), Reliance Industries |
| Agriculture | Nestle India, Marico, Godrej Agroovet |
Chance for small traders too
The biggest benefit of GST reform can also be to small traders, because now small businesses can be easily included in the tax system. With this, businessmen will be able to avoid tax complications and increase their profits. Due to this, companies located in tire 2 and tire 3 cities can also grow rapidly, which are traded at low cost.
Disclaimer: This article is only for information and should not be considered as an investment advice in any way. TV9 India suggests its readers and spectators to consult their financial advisors before taking any decision related to money.