Yes, NAMO’s Maiden Budget Disappoints But Have Patience. Acche Din Is Round The Corner: Daljeet Kohli

Daljeet, in his latest report, has done a lot of plain-speaking. He calls the Budget a “dose of high hopes” which has “missed Big Bang Announcements”. He has also attacked the Government for “misplaced priorities” and being obsessed with political gains rather than economic ones.

However, Daljeet has not given up hope yet. On the all-important question of “What should investors do now”, Daljeet has provided clarity:

“Since the Budget 2014-15 was first official document to be released by the new government, it was much awaited. However, post the event (amidst the lack of any big bang announcements against the expectations) there might be a bit of negative reaction on stock markets. In such a scenario what should the investors do? Our answer to this question would be stay put. Hold on to whatever you have been holding as we believe the market reaction would be temporary. In the longer term if the policy framework remains conducive & overall global environment remains benign, the markets will revert to bullish momentum. Of course the fundamentals of economy at macro level & corporate level will take time to revert to growth phase. We expect market will give long handle to incumbent government before discarding them, thus time & low base are in their favor. Our broader view that economy will revive in about a years’ time still hold. Hence we advise investors to remain invested. Do not panic & do not be impatient.”

More importantly, Daljeet has carefully analyzed the Budgetary provisions to pinpoint the sectors and stocks that will benefit the most. The sectors that will benefit are Agrochemicals/ Fertilizers, Automobiles, Capital Goods, Cement, Infrastructure, Information Technology, Power & Real Estate. The stocks within these sectors have also been identified.