Gaurav Dua, SVP, head - capital markets strategy, Mirae Asset Sharekhan
The three key Budget expectations included the 3Cs of Capex, Consumption and Creation of jobs. The measures taken to boost consumption and provide relief to weaker sections of society have left little headroom with the government for capex allocation. Hence, it is not surprising that the capital goods, engineering (including defence, railways), and infrastructure companies are sulking post the Budget whereas the consumption-driven stocks are fairing well in today’s trade. We retain our view that the year 2025 will be marked with correction in broader markets (SMID space) and sector rotation in favour of IT Services, Pharma, FMCG, and some select banks.
![[단독] 박현주 "국경 없는 미래에셋이 목표…6개월 내 3~4개 빅딜 있을 것"](/_next/image?url=https%3A%2F%2Faikyamadmin.miraeasset.co.in%2Fuploads%2Fnaver_news_icon_filled_256_462891ebb8.webp&w=1080&q=75 "[단독] 박현주 \"국경 없는 미래에셋이 목표…6개월 내 3~4개 빅딜 있을 것\""){kind=icon}
