Views On Pre Budget Quote By Mr. Paras Bothra
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Below is the Views Pre Budget Quote by Mr. Paras Bothra, President of Equity Research, Ashika Stock Broking.
For this Budget, the Government might put more money in the hands of rural people which might help reviving rural demand for FMCG and other consumer focused companies.
A cut in personal income tax (even in the Rs 5-10 lakhs bracket) could fuel demand for automobiles and consumer durables.
There could be SOPs addressed towards domestic MSME sector in particular given the hue & cry. Thus, select midcaps & small-caps together with rural & MSME focused banks could gain on account of eventuality of the same.
Government's effort to revive employment generating sectors will be the primary agenda and we think ancillary businesses related to construction, infra and real estate will be the sweet spot.
Relaxing the LTCG tax and tweaking of the DDT will be favourably taken by the market and will be the key driving force as far as market direction and upward momentum is concerned.
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