For wealth-creation in the market, look beyond the obvious. Silent gainers of GST rejig: 8 stocks of lenders that fit the bill

Which is the sectoral index that has gained the most after the GST rate rationalisation was announced? Answer: The Nifty Auto Index . Not a big surprise, though. But consider this: An auto company’s gain from the GST rejig is largely a one-time volume boost plus some operating leverage as capacity is better utilised. Competition and channel incentives tend to normalise such margins quickly. Now, consider how auto sales are financed, and you will find a sector that stands to gain a lot from the rejig – and for a longer time.



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