Money will be made in these sectors; See the budget wish list of Rakesh Jhunjhunwala

Money will be made in these sectors; See the budget wish list of Rakesh Jhunjhunwala

According to Rakesh Jhunjhunwala, in the new year, midcap and smallcap shares will outperform LORGECAP.

Rakesh Jhunjhunwala Top Bet

After underperforming for 2 consecutive years, midcap and smallcap shares can outperform in the new year. While 2019 is the name of LogCap, there will be a good boom in the broadband market in 2020. Apart from bank, financial, insurance and rural stocks, the performance of rural stocks will be better this year. Rakesh Jhunjhunwala, a stock market veteran known as Bill Bull, said these things in an interview given to ET Now. He says that in the coming days, along with the economy, there will also be recovery in consumption, which will give a new direction to the stock market. He has also told some of his wish list, expressing great expectations from the budget.

Signs of accelerating economy

Rakesh Jhunjhunwala said that the kind of slowdown seen in the economy in the past, now the phase of recovery will begin. The kind of reforms and spending schemes the government has prepared in the last days, it will definitely have an impact on the economy. Consumption will get growth only due to better economy, which is sluggish at the moment. The thing to see is how fast this speed of recovery will be.

Perfect time to shop

Jhunjhunwala said that this is the right time to enter the stock market. This year one can get returns in double digit as compared to the previous year. The base of 11200 to 11400 is better for the market. The structural changes that have taken place in the past will benefit the stock market. They say that the market looks very strong. Even after all the negative news, the performance of the market has been good in the last 2 to 3 months.

These reforms will work

Jhunjhunwala said that GST was implemented in the country recently. Its long term impact is going to look very good. Although there are initial difficulties in implementing it, but it is a very positive factor for the market. Apart from this, structural changes like Rera and Bankruptcy can give new height to the market. The effect of all this will be seen in the coming days.

Wishlist for Budget

Rakesh Jhunjhunwala said that the market has a lot of expectations from the budget. However, if the government gives more relief in the long-term capital gains tax in the budget, then its highly positive impact will be seen on the market. He said that the scope of relief on LTCG should be increased by 2 years. The realty sector should also get relief in the budget. Apart from this, the government should increase the scope of exemption on income tax, due to which the demand will increase if people have money left. Dividend tax should be abolished.

Read Also : Infosys Shares Rise Sharply After Results, Should You Invest?

Which sector will get good returns

Big Bull Rakesh Jhunjhunwala believes that in the coming days, one can see tremendous profits in corporate and retail bank shares. The Code of Insolvency and Bankruptcy can become a major game changer. In the coming days, the issue of NPA will reduce, while credit growth will increase. Banking shares will benefit from this. Apart from this, investors can get good profits in financial stocks, rural stocks and insurance stocks. On stock, he said that Tata Motors and Titan could become James next.

Get Business News, Latest India News, Sports News and other Breaking News on Investment Schemes, Share Market and much more on 24 x 7 News. We are happy to provide you best news happening around

About Author

Motivated Blogger !!! Exploring Opportunities Everywhere !!!

Comment here