Top Stock Picks For Budget 2015 By Kotak Securities

PRE BUDGET NOTE – FEBRUARY 2015

The Finance Minister, Mr. Arun Jaitley, will present budget amid high expectations. Markets are looking out for an ‘achievable’ budget and a budget which will lay the foundation for a sustained high growth in the economy. We expect the FM to lay down the new Government’s vision for the economy over the next four years.

The FM’s priority in the 2015-16 budget will be growth, along with fiscal rectitude, we believe. He will budget for higher plan expenditure (investments), financed by higher revenues (higher economic growth, divestment, auctions and better tax compliance) and a cut in non-plan expenditure (subsidies).

Download Kotak Pre Budget Analysis Feb 2015