Investing strategy after Budget: Analysts handpick over 30 stocks from 3 themes
“The sharp increase in capital spending in a year of global uncertainty, a credible fiscal consolidation, no change in the capital gains tax regime, and lower-than-expected market borrowings augur well for stocks,” Morgan Stanley’s Ridham Desai said. Following the Budget, he and his team are overweight on three sectors – financials, discretionary consumption and industrials.
