Share Tips- OMCs among 16 stocks that are getting impacted the most by import duty hike
The government has chosen consumer goods over capital ones, banking on the robust and resilient consumption growth over the past year. Given these are a small share of overall imports, the measures would help reduce imports by only USD 500 million (0.1% of total imports), which is quite small.
The total value of imports of these 19 items in the year 2017-18 was about Rs 86,000 crore, as per the finance ministry release.
The increase in basic customs duty from 10% to 20% is applicable for air conditioners, refrigerators and Washing Machines (<10kgs) while duties on compressors have been raised from 7.5% to 10%.
The increase in customs duty of 10 percent includes the outdoor, indoor and completely built units which would see an increase along with an increase in duties for compressors by 2.5 percent. In case of compressors, 70-75 percent of the requirement is met by imports from China where price hikes would be needed by manufacturers to pass on the increase.
The increase in customs duty of 10 percent includes the outdoor, indoor and completely built units which would see an increase along with an increase in duties for compressors by 2.5 percent. In case of compressors, 70-75 percent of the requirement is met by imports from China where price hikes would be needed by manufacturers to pass on the increase.
There is no change in import duty on gold which is positive as this would lift the overhang on the stock in the near term. Morgan Stanley maintains an overweight rating on Titan Company with a target price of Rs 1250. source- www.moneycontrol.com Hike in rate or jewelry pieces is marginally positive as it reduces competitiveness.
If you want more information regarding the market News & many other tips like Intraday Tips, MCX Free Tips Free Tips, Indore Advisory Company, Bullion Market Tips, Share market tips, share tips,NSE & BSE Market Tips, Free MCX Market Tips, MCX Premium Tips, Bullion Energy Tips, Live commodity tips.
Call On TOLL-FREE Number: 9009010900
Whatsapp User Join Our Group: 9300421111
No comments:
Post a Comment