Companies' earnings have not caught up with the elevated valuations in most cases.
Overall impact, Bhave says, should be neutral in short term. However, in the long term expect GST to play a role of catalyst for growth.
Technical analysts are optimistic on shares of agrochemical makers in the coming two months.
Analysts said the implementation of GST will play a role in tempering the valuations.
GST will adversely impact the Indian ship owners on account of 5% IGST on ship acquisition.
Sectors like steel, power and large stressed corporates form 30% of the total bad loans.
Decision to lower risk weight may also benefit HFCs if NHB adopts a similar move
Fund managers and analysts said the SLR cut would boost liquidity.
Shares of companies like Relaxo, Bata gained 4.31% and 0.94%, respectively.
Some fund managers believe mid cap stocks as a whole may not un derperform large caps.
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