DAILY VOICE | Over 50% Nifty earnings growth from FY21-FY23 looks achievable post Budget: Hemant Kanawala of Kotak Life
Banking, capital goods & engineering, cement and automobiles are some of the sectors that will benefit from the revival in the domestic economy, said the Senior EVP & Head at Kotak Life Sunil Shankar Matkar February 07, 2021 / 07:39 AM IST
Hemant Kanawala, Senior EVP & Head - Equity at Kotak Mahindra Life Insurance Company feels by discarding fiscal conservatism at a time when the economy needs public capex support, the government has done well to provide wings to growth. Budget has a clear emphasis on Atmanirbhar Bharat policy and revival of domestic growth. Banking, capital goods & engineering, cement and automobiles are some of the sectors that will benefit from the revival in the domestic economy, he said in an interview to Moneycontrol s Sunil Shankar Matkar.
The RBI s monetary policy complements the Budget in its tone, intent and actions, says Thomas. The measures taken for retail investors are also good but the government should hasten the setting up of a separate debt management office.
Interview | Best to bet leaders of these 7 most beneficiary sectors from Budget: Vinod Nair of Geojit
After the Budget, the view for the market has improved but the risk is that it is at peak valuations which can limit the trend in the short-term, and a lot will depend on global developments. Sunil Shankar Matkar February 03, 2021 / 01:14 PM IST
Vinod Nair of Geojit Financial Services feels the biggest surprise was the strong intention of the government to spend profoundly by openly borrowing from the market without a doubt. Banks including PSBs will be the key beneficiaries due to ARC and Privatization plans announced in the Budget 2021. High spending is very positive for cyclicals like Infra, construction, cement and metals. Scrappage is also positive for the Auto sector, he said in an interview to Moneycontrol s Sunil Shankar Matkar.