Most of the Bank stocks are in higher tax % & will see improvement in EPS
HDFC Bank 35%
ICICI Bank 32%
Kotak Bank 35%
Axis Bank 34%
IndusInd Bank 34%
Federal Bank 35%
YES Bank 35%.
In Auto names are Eicher Motors (35%), Hero Motor (32%)
In Oil and Gas, HPCL (34.6%) it also in news due to disinvestment and a gud buy ONGC 34.8% and GAIL 35%.
Merely tax reduction above companies may see jump in EPS and are good buy candidates.
Choose wisely among above list and buy
Biggest beneficiaries are GSK, UBBL, Britannia, ITC, PGHH, JUBI, PAG, UNSP, NEST and CLGT (all between 33-35% tax
· Others that will benefit are HUVR/PIDI/ TTAN (between 29% to 32% tax rate)