In 2017 so far, BSE has gained its position by 14% and are expected to totally recover after hitting the whopping 30,712.35 figure earlier in the month of May.
D-street is confident about new high as there is good monsoon this time and GST will bring market at new benchmark.
The India Meteorological Department (IMD) has predicted the onset of the monsoon in Kerala on May 30 this year, but the seasonal rainfall may arrive a day before, said a report.
With chances of a continuation of the El Nino effect, a phenomenon associated with warming of Pacific waters, the IMD has predicted a normal monsoon this year.
IMD has also stated that country will receive higher rainfall than expected which results in lower inflation and sufficient quantity.
GST has brought many changes to tax when you compare to current scenarios. Also, an expert has expressed the positive gesture on GST application from July 1 nationwide.
Several things will be cheaper and are many of them will get balanced amount due to the fixed slab. You can get what is cheaper and what is costlier in GST from here.
Here is the list of stocks that is expected to perform well:
* PI Industries
* VST Tillers & Tractors
* Supreme Industries
* Bajaj Auto
* Finolex Industries
* Greenply Industries
* Godrej Industries
* Shriram Transport
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