Author Topic: Kotak on Corporate Tax Cut  (Read 704 times)

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Kotak on Corporate Tax Cut
« 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.