Which stocks will benefit most from recent GST cuts? Top picks from leading brokerages
Industries benefiting from recent Goods and Services Tax (GST) rate cuts have been in focus on Dalal Street. Amid an uncertain market outlook, several stocks in these sectors are expected to outperform. Here’s a compilation of leading brokers’ top stock picks across automobiles, consumer, insurance, and other segments that could deliver returns of 9% to 29% over the next six months.SBI SECURITIES Belrise Industries Target Price: Rs 165 CMP: Rs 142 | Upside: 15.5% Rationale Leading 2W metal components supplier with 24% market share and single-source presence. Growth driven by capacity expansion and H-One India acquisition. Rising demand expected post recent GST rate cuts.Subros Target Price: Rs 1,117 CMP: Rs 953 | Upside: 17.2% Rationale Leading AC systems supplier to Maruti Suzuki with 42% share in PV and 44% in CV segments. Strong positioning in India’s automotive AC components industry. Demand boost expected from small car segment revival post GST rationalisation. Mrs. Bectors Foods Specialities Target Price: Rs 1,632 CMP: Rs 1,406 | Upside: 16.1% Rationale GST cut on biscuits from 18% to 5% expected to revive volume growth.