homephotos Newsmarket Newsstocks NewsTop stock ideas from CLSA, Motilal Oswal, Edelweiss after corporate tax cuts

Top stock ideas from CLSA, Motilal Oswal, Edelweiss after corporate tax cuts

SUMMARY

Benchmark indices BSE Sensex and NSE's Nifty 50 have surged over 8 percent the last two sessions after finance minister Nirmala Sitharaman reduced corporate tax rates for domestic companies and new manufacturing firms. Industry leaders and analysts have called the move a structural reform that will improve investor sentiment and propel economic growth. Many brokerages have revised their stock strategies and index targets following the tax reforms. Here are the top stock ideas recommended by brokerages CLSA, Motilal Oswal, Edelweiss, Credit Suisse and Prabhudas Lilladher.

Profile image

By CNBC-TV18 Sept 24, 2019 3:09:03 PM IST (Updated)

Listen to the Article(6 Minutes)
CNBCTV18
Image count1 / 7

CLSA believes HDFC Bank, ITC, Kotak Bank, ONGC, Larsen and Toubro, Sun Pharma and HCL Technologies are among the firms that would receive large tax benefits.

CNBCTV18
Image count2 / 7

Motilal Oswal recommends ICICI Bank, SBI, L&T, TItan and Airtel among largecap stocks. In midcaps, Indian Hotels, Ashok Leyland, Mahindra Finance and JK Cements are among the top stocks the brokerage recommends.

CNBCTV18
Image count3 / 7

Avenue Supermarts, Nestle, Asian Paints, ABB India and L&T are among the top stocks Credit Suisse prefers following the tax reforms.

CNBCTV18
Image count4 / 7

Edelweiss' top stock ideas include Axis Bank, Bharti Airtel, MindTree, SpiceJet and ICICI Bank.

CNBCTV18
Image count5 / 7

Brokerage Prabhudas Lilladher picks HDFC Bank, ICICI Bank, Maruti Suzuki, Ultratech Cement and Shriram Transport Finance among the stocks to invest after corporate tax cuts.

CNBCTV18
Image count6 / 7

UBS, JP Morgan, Nomura and many other brokerages have revised their strategies and targets for the Sensex and the Nifty post the announcement.

CNBCTV18
Image count7 / 7

Here is the highlight of finance minister Nirmala Sitharaman's tax reform announcement.

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
arrow down

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change