Key Points
Roopali Prabhu, CIO and Head of Products and Solutions at Sanctum Wealth, said that it may take a few more months for the RBI to start cutting the rate..
In an interview with MintGenie, Prabhu stated that PSU banks have been improving asset quality with their RoAs and RoEs also stable, and hence, they are ripe for re-rating..
On the flip side, capital outlay for FY25 is budgeted to increase by 16.8% against the downward revised number for FY24 (revised from Rs. 10 Tn to Rs..
On the flip side, capital outlay for FY25 is budgeted to increase by 16.8% against the downward revised number for FY24 (revised from Rs. 10 Tn to Rs. 9.5 Tn) with the downward revision being a minor disappointment in the budget. Allocation to MNREGA was unchanged, which, in our opinion, was a minor negative given the current pain points of weak rural employment, sentiments, and consumption...
Read here: PSU stocks rally: Market ignoring large downside risks, says Kotak EquitiesPost the budget, which sectors would you recommend, and which would you stay away from?..
