Which shares will benefit the most from recent GST cuts? Top choices of leading brokers

Industries that benefit from the reduction of the recent GST tax (Services Tax (Services), are aimed at Dalal Street. In the midst of an uncertain market front views, various shares in these sectors are expected to perform better. Here is a compilation of leading brokers of the best share choices in the coming six months, insurance and other segmens and other segmens and other segmens and other segmens and other segmens, insurance and other segments, insurance and other segments, deliver.

SBI effects

Belrise Industries

Target price: RS 165 CMP: RS 142 | Upside down: 15.5%

Rationale

• Leading supplier of 2W metal components with 24% market share and presence with one source.
• Growth powered by capacity expansion and H-One India acquisition.
• Rising demand expects after recent GST redeemes.

Subros
Target price: RS 1.117 CMP: RS 953 | Upside down: 17.2%

Rationale

• Leading AC system supplier to Maruti Suzuki with 42% share in PV and 44% in central heating segments.
• Strong positioning in India AC components industry.
• Ask Boost expects from Small Cars Segment Revival Post GST Rationalization.

Mrs. Bectors Foods Specialties

Tool price: RS 1.632 CMP: RS 1.406 | Upside down: 16.1%

Rationale

• GST cut the volume growth on cookies from 18% to 5%.
• Festive season will probably stimulate the overall consumption.
• Lower milk and cheese prices to support the margins and the QSR question.

Motilal Oswal Financial Services

Swiggy Target price: RS 560 CMP: RS 443 | Upside down: 26.4%

Rationale

• GST-guided boost to disposable income to stimulate the supply of food and fast commerce.
• Enlightening the competition and slower dark stores Expansion support the market position of Swiggy.
• Improved cost discipline and reduced deficiency in Instamart profitability.

Lemon hotels

Price: RS 200 CMP: RS 178 | Upside down: 12.4%

Rationale

• GST cut in rooms under RS ​​7,500 from 12% to 5% to stimulate the occupancy rate.
• 413 rooms added to six new properties, tailored to the expansion strategy.
• Strong 1qfy26 performance is expected to continue in FY26.

Amber Enterprise

Target price: RS 9,000 cmp: RS 7,488 | Upside down: 20.2%

Rationale

• GST cut on air conditioner products from 28% to 18% to stimulate demand and to stimulate volumes.
• Iilin Electronics, its subsidiary, secures’ 1,200 crore financing to scales activities and to pursue acquisitions.
• Expansion in battery -energy storage system, EV chargers, UPS, solaries and automation.

Icici effects

Exide Industries

Target price: RS 480 CMP: RS 426 | Upside down: 12.6%

Rationale

• GST plate cut on cars -parts of 28% to 18% to stimulate demand.
• Expected pick -Up in new vehicle sales after GST rate rate.
• Market leader positions of Exide to take advantage of rising volumes.

Arvind Mode
Target price: RS 705 CMP: RS 548 | Forward 28.6%

Rationale

• 5% GST -threshold increases on lace -and -ready garments up to RS 2,500 each of RS 1,000 earlier to stimulate clothing demand.
• Personal tax reductions and relieving inflation to stimulate the consumption of the festive season.
• A stronger H2FY26 performance is expected to deliver with improved profitability.

JK Lakshmi Cements

Tool price: RS 1,100 cmp: RS 925 Upside 18.9%

Rationale

• GST was expected to stimulate the question on cement from 28% to 18%.
• The presence of JK Lakshmi cement over North, West and East positions well to take advantage.
• Operational performance to improve through expansion, efficiency and positive leverage

HDFC effects

Marico
Target price: RS 857 CMP: RS 730 | Upside down: 17.4%

Rationale

• Lower GST of 5% for supplies such as cookies, hair oil, soap and shampoos to stimulate the demand.
• Improved affordability of consumers who are expected to stimulate a growth -led growth.
• Price reductions and grammar increases will probably support mass and mid-segment consumption.

SBI Life
Target price: RS 2,100 cmp: RS 1.783 | Upside down: 17.7%

Rationale

• GST reduced on life insurance premiums to improve affordability and to stimulate higher penetration.
• Ready to take advantage of a strong distribution through parent and lowest cost ratio.
• Persistent Roev of 18-20% supports growth prospects in the long term.

Santa Engineering
Tool price: RS 1.625 CMP: RS 1,398 | Upside down: 16.2%

Rationale

• Lower GST on vehicles and components to stimulate the demand of the automotive sector and the volume recovery.
• Increased OEM question and improved dynamics for replacement market to stimulate the influx of the order.
• Stronger industrial volumes to improve the company’s competitiveness on the domestic and export markets

Anand Rathi shares and stock agents

Bajaj Finance
Target price: RS 1,045 cmp: RS 946 | Top: 10.5%

Rationale

• GST cuts to significantly stimulate demand in sustainable consumers.
• Lower prices and reduced EMI obligations that are expected to stimulate higher consumption.
• Strong exposure to sustainable, vehicles and insurance to feed faster growth in the loan.

Dixon Technologies
Target price: RS 20,000 cmp: RS 18.020 | Upside down: 11% reasoning

• GST reduced the most important consumer electronics from 28% to 18% to increase affordability and festive demand.
• Corresponds to his strategy to extend to component production among government stimuli.
• It is expected that higher production volumes and strengthening the growing momentum of Dixon.

Chalet -hotels
Target price: RS 1,120 cmp: RS 1.028 | Upside down: 8.9%

Rationale

• GST in hotel rooms up to RS 7,500 accelerated from 12% (with ITC) to 5% (without ITC) in view of the affordability.
• Budget and medium segments that are expected to see higher occupancy rate and income.
• Company will probably benefit if a significant part of the inventory falls within this bracket.