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I would favour large banks and NBFCs, focused on funding capex in India: Prashant Jain
Prashant Jain praises the Indian economy and the budget. He believes the budget has provided good support for PSU stocks and key sectors like capex, infrastructure, railways, defence, and Make in India. Despite weak exports and tightening money conditions, the economy remains strong. Jain suggests that large banks and NBFCs focused on project finance will have good growth opportunities. He also mentions that power demand in India will increase, although the power sector has already rerated and may pause in rerating.