7th Pay hike may raise consumption to 8%: Stocks you can buy now :
Positive impact in consumer related segments - auto, retail, durables, housing, retail banking.
*It has buy rating on autos ( Maruti ),
*consumer related ( Titan , Voltas , Coffee Day , Phoenix Mills ),
*Retail focused banks ( HDFC Bank , Kotak ,IndusInd ).
*Housing finance ( HDFC , LIC Housing Finance ).
*Cement companies ( Ultratech ).
*Transportation (mainly four-wheeler purchases and fuel) are the most likely beneficiaries.
*LIC Housing Finance, Maruti, BPCL, IOC , Kajaria and Havell 's.
The Cabinet has approved recommendations of the 7th Pay Commission, which will grant salary hike to over one crore government employees and pensioners. The government has increased pay and pension segments while allowances have been kept on hold which will be revised over next four months. Pay hike for government employees is likely to boost consumption and bolster growth with higher spending.
Positive impact in consumer related segments - auto, retail, durables, housing, retail banking.
*consumer related ( Titan , Voltas , Coffee Day , Phoenix Mills ),
*Retail focused banks ( HDFC Bank , Kotak ,IndusInd ).
*Housing finance ( HDFC , LIC Housing Finance ).
*Cement companies ( Ultratech ).
*Transportation (mainly four-wheeler purchases and fuel) are the most likely beneficiaries.
*LIC Housing Finance, Maruti, BPCL, IOC , Kajaria and Havell 's.
More Will Update Soon!!
