GST to benefit plywood, tiles and sanitaryware cos: ICICI Sec

Riding close on the heels of the implementation of Goods and Services Tax (GST) Bill, ICICI Securities expects it to be a game-changer for construction-related stocks.

Plywood will be the biggest beneficiary of the GST rollout, followed by tiles and sanitaryware companies, while pipes business will be least impacted, says Nehal Shah of ICICI Securities.

He said as a precursor to the GST clearance, stocks in these segments went up 30-40 percent in the past three-four months. So, even though the GST implementation has been factored in, going ahead there will be an upside to the stocks, he said.Watch video for more...