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Investments in Indian Equity and Research => India Stocks and Shares => Topic started by: resh on September 23, 2019, 06:56:54 AM

Title: Kotak on Corporate Tax Cut
Post by: resh on September 23, 2019, 06:56:54 AM

Kotak Securities said,

We see this as a huge boost to private sector investment, particularly domestic manufacturing. Automobiles, Banks, Consumer Staples and Global Commodity Sectors will see large earnings upgrades while electric utilities, IT and pharmaceutical sectors will see little or no earnings changes. Our FY2020E EPS for the Nifty-50 Index will increase by 10% from previous estimates.