Latest News
-
1:3 Bonus Share, Rs 13.25/Share Dividend: Buy Maharatna PSU, TP Rs 355, Fundraise Approved -
Results, Dividend, Fundraise On April24: Buy Top Bank Stock Amid Rich Valuation, TP Rs 1400: Nomura -
1:4 Bonus Shares, Rs 7 Dividend: Big Update Announced; Buy The FMCG Stock? -
1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals! -
Rs 2.50/Share Final Dividend: Record Date In Due Course; Buy The ITC Group Stock? -
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
5 Bonus, Rs 28/Sh Dividend: IT Giant Infosys Beats Estimates In Q4FY24, But ADR Falls Sharply; Here's Why! -
1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD -
Wipro Q4 Results Preview: Weak Demand Likely To Drag Revenue Sequentially, EBIT Margins Seen Stable -
Rs 6/Share Final Dividend Declared: Buy The Blue Chip Stock To Be Eligible?
D-Street's Wishlist From Budget 2022
Budget 2022 is just around the corner and here are summarized D-Street expectations from the upcoming budget as put forth by experts in the industry:
As a whole D-Street wants Budget 2022 to focus more on reforms and growth. In a CNBC TV 18 report, Nilesh Shah, MD, Kotak Mahindra Asset Management is mentioned as saying that the market wants a pro-growth Budget. He is of the opinion that the Budget should back consumption. Also, there should not be made any changes in relation to taxation in the capital markets.
"The market ideally wants a Budget, which is pro-growth, which ensures that growth continues to accelerate in FY23. It should also support consumption, especially at the bottom of the pyramid as consumption still stays below pre-pandemic level and it should not tinker with taxation related to capital markets", the report mentions Shah as saying.
As per him at this point in time, fiscal prudence holds far more importance than fiscal profligacy. Also, he suggests that there should be an evaluation as to whether divestment and asset monetisation can be implemented in a better way.
"It is important for us to maintain fiscal prudence rather than fiscal profligacy. Our debt to GDP ratio is fairly low compared to many developed as well as an emerging markets. We also have a reasonably large parallel economy, which if added to GDP will ensure that our fiscal deficit is over-reported. But anyway fiscal prudence is our path", he added.
"Both economic reality and political exigencies may nudge the government to roll out more supportive schemes for agriculture, the rural economy, micro, small and medium enterprises and social sectors. Indian corporates are doing much better than the overall economy," said brokerage Anand Rathi.
Prashant Khemka- Founder, White Oak Capital Management, wants the Budget to improve ease of doing business. "We have made very strong strides over the last seven odd years in improving the ease of doing business in India and I think from a global investors' perspective, and even domestically, I think what would be structurally most pro-growth is to take actions, policy initiatives, which further improves the ease of doing business", he added.
GoodReturns.in
