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Anil Ghelani says: The budget announcement on a prudent gliding down of fiscal deficit has led to a sharp drop in yields in the fixed income space. This is positive for the bond market, and various sectors, including renewable or green energy, are likely to benefit. While sustainable growth will lead to higher consumption, to ensure a specific boost to consumption many measures are focused on the rural economy, leading to a direct boost in rural consumer demand.
Sahil Kapoor says "the margin expectation which is built in is that we are going to go higher than our all-time high in terms of profit margins and that is going to be a little challenging. So, A) sales growth is slowing. B) We are already at peak margins, I do not know how far we can go from here. This clearly tells you that there is going to be a pressure on earnings growth in the next 12 to 24 months. But when you look at prices, they have run up quite a lot in mid and smallcaps."
If a segment is baking in a very high growth and which then becomes a bit ambitious in terms of achievement then I ll have to calibrate my weights accordingly, says the Head of Equities at the fund house.