Customs duty cut, I-T slab rejig to boost consumer durable stocks: Analysts

With revised customs duty across consumer electronics' manufacturers, analysts believe this measure would reduce costs for manufacturing mobile phones, TV panels, and kitchen chimneys

Consumer durable companies are back in focus after several measures like revised tax slabs, reduced customs duty, and higher allocation in the PM-Awas Yojana were announced in the Union Budget for fiscal 2023-24. From wires-to-cable companies to kitchen chimney manufacturers, analysts believe a range of related stocks to benefit from this move in the long-term as a result.

“A push for affordable housing is positive for wire and cable companies as they are ancillary to the housing development. Moreover, the customs duty changes concerning the camera lens and its inputs and open cells of television panels will provide an impetus