INTRODUCTION OF GOODS AND SERVICES TAX
Created by: Investak Date Created: 16-09-2016 Date Rebalanced: 11-04-2018India’s biggest tax reform is now a reality. A comprehensive dual Goods and Services Tax (GST) has replaced the complex multiple indirect tax structure from 1 July 2017.
The concept of GST was visualized for the first time in 1999. The GST Council consisting of representatives from the Central as well as state Government met on eighteen occasions in last ten months and cleared the bill. Many amendments since then have taken place & thus finally the sectors & stocks which will benefit post the reduction of GST of 28% on 150 items reduced to 12% & many as low as 5%. Thus given below are the stocks which we expect will benefit the most & thus has more potential for growth on the bottom line because of the effect of Policy as a whole.
| Weight | Segment & Stocks | Symbol | Price | Market Cap | 1 Year Return | |
|---|---|---|---|---|---|---|
| 12.1% | Tyres | |||||
| 12.10% | Balkrishna Industries Ltd | BALKRISIND | Rs. 1234.85 | Rs. 247Cr. | 84.16% | |
| 12.0% | Air Transport Service | |||||
| 12.01% | Jet Airways (India) Ltd | JETAIRWAYS | Rs. 348.70 | Rs. 77Cr. | 71.14% | |
| 11.7% | Cables | |||||
| 11.74% | Finolex Cables Ltd | FINCABLES | Rs. 576.85 | Rs. 103Cr. | 63.68% | |
| 11.7% | Dry cells | |||||
| 11.70% | Eveready Industries India Ltd | EVEREADY | Rs. 231.45 | Rs. 32Cr. | 101.18% | |
| 11.5% | Logistics | |||||
| 11.51% | Gati Ltd | GATI | Rs. 93.30 | Rs. 15Cr. | 12.86% | |
| 11.3% | Consumer Durables | |||||
| 11.28% | Orient Paper & Industries Ltd | ORIENTPPR | Rs. 31.00 | Rs. 27Cr. | 74.58% | |
| 11.2% | Ceramic Products | |||||
| 11.16% | Asian Granito India Ltd | ASIANTILES | Rs. 318.95 | Rs. 15Cr. | 129.41% | |
| 10.1% | Diamond, Gems and Jewellery | |||||
| 10.10% | Titan Company Ltd | TITAN | Rs. 832.85 | Rs. 727Cr. | 154.36% | |
| 8.4% | Miscellaneous | |||||
| 8.40% | Century Plyboards (India) Ltd | CENTURYPLY | Rs. 245.50 | Rs. 70Cr. | 74.13% | |
Download Excel Worksheet
| Index
A stak index shows a stak’s performance. It is set to 1000 at its inception date and moves up/down daily. If it is above 1000, it means that the stak has given positive returns since inception and is shown in green and if below 1000, the stak has given negative returns since inception and is shown in red.
|
746.81 |
| 1 Month Return | -5.92% |
| 1 Year Return | -2.19% |
| Dividend Yield
The dividend yield for a stak is calculated as a weighted composite of the cash dividends for the stocks in the stak. So for example: a dividend yield of 5% indicates that if a person had invested Rs.100 in the stak one year back, he would have got Rs.5 as dividends.
|
0.83% |
| Min. Investment
This is the minimum amount of investment required to invest in the stak in the prescribed weights. Based on the stock price of each stock in a stak, and their prescribed weights, we calculate a minimum amount that allows you to buy all stocks at the prescribed weights.
|
Rs. 9384.70 |
Summary
STOCKS IN
Stak
9
REBALANCING FREQUENCY
QUARTERLY
Similar Staks
-
TEXTILE POLICY
Ankit Kanoria, 30-11-2016
See the 6 month return . It has outperformed the index by ~15%