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For Finance Minister Nirmala Sitharaman it will be a tough task to please all when she presents Budget on Saturday, as expectations are running high, especially amid the economic slowdown.
Moreover, Q3 earnings will also play a big part in swaying market mood.
Here’s a look at what top D-Street veterans made of the week gone by and what they think lies ahead:
Union Budget
Samir Arora of Helios Capital sees no merit in the market opening on Budget Day this time. He is of the view that Budget day
is only for punters as most of the important things are in the fine print.
Mkt shud not be open on budget day this time as it is Saturday. If we want to make mkt think long term (ex making L… https://t.co/LIECGU37hV
— Samir Arora (@Iamsamirarora) 1579480531000
Value investor Safir Anand says that any tweak in LTCG shall lead to a huge rally in midcap stocks.
If the govt seriously removes LTCG or even changes holding period to 2 years, as papers are reporting, it can prope… https://t.co/C5kN51JnhR
— Safir (@safiranand) 1579581702000
PMS fund manager Basant Maheshwari says any tweak in personal income tax cut would lead to a rally in FMCG stocks.
The market is bracing up to a personal income tax cut. Anything connected to consumer will fly ‘once’ that happens.… https://t.co/WVVVdbCxyF
— Basant Maheshwari (@BMTheEquityDesk) 1579864635000
YES Securities’ Amar Ambani believes that not all big-ticket reforms could come from Budget.
Not all big ticket measures will flow through the budget. In the past, we’ve seen major announcements made outside… https://t.co/yJMEAdUD5I
— Amar Ambani (@AmarAmbani) 1579661821000
Stock-specific action
Independent market expert Sandip Sabharwal says that L&T has done well despite a challenging economic environment. He believes had L&T not spent so much on Mindtree acquisition, the stock would have moved much higher.
Larsen and Toubro management has got little credit for performing quite strongly in a very tough Macro Environment.… https://t.co/SnIQ3LKPDF
— sandip sabharwal (@sandipsabharwal) 1579753991000
Sabharwal says any rally in TCS should be used as an exit.
Any rally in #TCS Due to risk off should only be an exit opportunity. A 5-7% growth company is overvalued at a 25X… https://t.co/kvTSIYad5o
— sandip sabharwal (@sandipsabharwal) 1579681134000
Shyam Sekhar of iThought says Vodafone Idea is like a very sick patient and questions if there is any merit in saving it.
Imagine a patient had Bariatric surgery Stent Kidney transplant & Needs regular dialysis. The health of… https://t.co/bcirotHXyQ
— Shyam Sekhar (@shyamsek) 1579624480000
Food for thought
Sandip Sabharwal points out that SBI Chairman in February 2019 had said that Jet Airways will not be allowed to fail, but that didn’t turn out to be true
Circa February 2019 SBI Chairman says- Jet Airways will not be allowed to fail Present day SBI Chairman says- Yes B… https://t.co/EcP8qADiv4
— sandip sabharwal (@sandipsabharwal) 1579769140000
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