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Nomura’s Take On Key Sectors After India’s Tax Bonanza
Benefits will vary on how a company chooses to use tax savings, Nomura’s Saion Mukherjee said.
27 Sep 2019, 11:09 AM IST
Corporate-focused banks and infrastructure-construction companies will be among the first beneficiaries as India’s mid-year tax bonanza is expected to nudge private investments, according to Nomura.The reduction in corporate tax rate by Finance Minister Nirmala Sitharaman will aid Nifty 50 earnings by 7 percent to 16.5 percent, according to Saion Mukherjee, managing director and head of research, Nomura. But the brokerage is a “bit m...
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