Budget Picks on consumer sector By Mr. Amarjeet Maurya, Angel One Ltd
Below is quote on Budget Picks on consumer sector By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd
In order to boost consumption demand and support higher disposable income in the hands of individuals, we expect some announcement for reducing personal tax outgo in the upcoming Union budget 2022-23. We expect announcements on income tax like as work-from-home allowance, increase in standard deduction from existing Rs50,000 to Rs1,00,000, increase in Income tax exemption limit from Rs2.5 lakh to Rs5 lakh, increase Section 80C limit etc. It will create demand In overall consumption sector. Considering this, we are positive on the Consumer Durables and FMCG sectors. Our budget top picks are Stove kraft and Bajaj Electricals.
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