Post-Budget The Growth Momentum Will Remain Strong

A taxpayers budget with political undertone stands to change the scenario for consumption based stocks.

- Mustafa Nadeem

Slab change with no Tax for people earning up to 5 lac + 1.5Lac investment*, Secondly, no TDS on income from Post office deposit up to 40,000 and on rental income up to 2,40,000 per year are great benefits along with that no tax on second house and increase in the standard deduction limit from 40k to 50K are welcome moves.

So, to sum it all these are those factors that are going to bring-in a lot of liquidity to the market in terms of investment. The high impact of this is to be seen on consumption-based stocks. Secondly, when we put that in perspective to the slow down, we have seen in real estate in the last few months in an environment of higher interest rates may get its relief with the above announcement coupled with efforts to boost affordable housing.