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Synopsis Every proposal that Finance Minister Nirmala Sitharaman announced in her Budget will have long-term repercussions and some stocks are better positioned to benefit from them, analysts said. Getty Images Analysts at IIFL Securities picked ICICI Bank, ITC, L&T, Dabur, SBI Life, ICICI Lombard, HPCL, Deepak Nitrite, Quess Corp, JK Lakshmi Cement, Sudarshan Chemical and HG Infra Engg as the biggest beneficiaries of this Budget. NEW DELHI: The Union Budget may have been a non-event from the market’s point of view, but it has thrown up solid opportunity to make money. Or that’s what many analysts and market veterans believe. ....
Over 50 stocks, excluding PSU banks, can benefit from the Budget announcements Healthcare, insurance, banking & financials, textile, auto, oil & gas and agriculture among other sectors also seen included in the growth-oriented budget. Sunil Shankar Matkar Representative image (PC- MoneyControl.Com) The Union Budget 2021 presented by the Finance Minister Nirmala Sitharaman is really a big game changer in terms of economic revival in India, especially post the COVID-19 damage, experts feel. The government has estimated fiscal deficit at 6.8 percent of GDP in FY22 and 9.5 percent in FY21. The Budget increased the capital expenditure by 35 percent for FY22 over FY21 to revive the economy, and largely focussed on infrastructure (including roads, railways, National Infrastructure Pipeline, ports, power etc). ....
Synopsis Analysts expect volatility to remain high in the coming two sessions as the January derivatives contracts are scheduled to expire on Thursday. ThinkStock Photos NEW DELHI: Nifty had a gap-up opening on Monday but ended up shedding almost a per cent in intraday trade. The headline index formed a long bearish candle on the daily charts as the 50 pack continued it s losing streak in the third consecutive session. Analysts expect volatility to remain high in the coming two sessions as the January derivatives contracts are scheduled to expire on Thursday. Rohit Singre, Senior Technical Analyst at LKP Securities said: The index has breached all good support which means if the index manages to sustain below today’s (Monday’s) low, then the index may hit 14,000 mark soon which is a strong support on the downside. On the higher side, the index found good resistance in the 14350-14440 zone and it would be the profit booking level for longs. ....
HFCs to generate 12 to 17 pc RoE in FY22-23: Motilal Oswal ANI | Updated: Jan 15, 2021 16:46 IST Mumbai (Maharashtra) [India], January 15 (ANI): Housing finance companies (HFCs) are expected to generate 12 to 17 per cent return on equity in the next two years as credit costs normalise, Motilal Oswal Financial Services said on Friday. Over the past two years, the top two HFCs have outperformed on account of strong parentage and access to debt capital. These players have been able to capture the revival in real estate space with disbursements surpassing pre-Covid levels. Motilal Oswal said it expects these players to disproportionately benefit from a pick-up in real estate volumes and consolidation in the builder space. ....
Profitmart Securities Avinash Gorakshakar, in his chat with Zee Business Managing Editor Anil Singhvi has recommended buying into Repco Home Finance from the housing finance sector. Major business of Repco Home Finance comes from South of India. The company is headquartered in Chennai, Tamil Nadu. Repco Home Finance is operating through 131 branches and 29 satellite centres in Tamil Nadu, Andhra Pradesh, Jharkhand, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Odisha, West Bengal and Puducherry. 48% of the Repco Home Finance business comes from salaried class people while 52% of the business comes from people who are self employed. The performance of the company was very good last year. The Dividend policy and Business model of Repco Home Finance is extremely strong. ....