Opportunities post GST launch - Asian Paints, Hero, PVR, Dish TV, TCI: MOSt

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26 Aug, 2025 12:21

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After a long wait, in one of its biggest indirect tax reforms, India finally implemented GST with effect from July 1, 2017.

Like all big transformations, Motilal Oswal believes GST will create disruption in the near term. However, in the long term, it is expected to simplify and rationalise taxes, shift trade from the unorganised to the organised segment, and improve efficiency in the system.

On the macro front, it believes this will be revenue accretive for the government, with the tax base expanding though tax rates on various products remain close to the current effective tax rates.

While reported CPI is likely to remain stable, consumers might feel the pinch due to higher taxation on services, it said.

Motilal Oswal believes big disruptions like GST also create opportunities in equity markets.

According to the research house, those likely to emerge as gainers are consumer stocks like Pidilite Industries, Asian Paints and Century Plyboards; autos like Hero MotoCorp, Amara Raja Batteries and Exide Industries; multiplexes like PVR and Inox; media companies like Dish TV; retail stocks like Shoppers Stop; and logistics companies like Transport Corporation of India and Gati.

Companies likely to be adversely impacted are Hindustan Media, DB Corp, Jagran Prakashan, HT Media and Ashok Leyland, it feels.