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On ET Now: My Budget Views Involve Railways, Shipping and Defence

Deepak Shenoy1 min read
Quick Facts
What is "On ET Now: My Budget Views Involve Railways, Shipping and Defence" about?
What category is this article in?
Economy
Who wrote this article?
Deepak Shenoy, Capitalmind's research team.
When was this article published?
Published 27 June 2014.
How long does this article take to read?
1 min read
What topics does this article cover?
Budget

On Wednesday I was on ET Now for a short interview on what sectors I thought would do well:

The generic summary:

  • Budget expectations are high, but I think they are too high.

  • I don’t expect kick-ass stuff in the budget, getting cues that this is going to be a tough budget

  • I would focus on Railways, Shipping and Defence as sectors

  • Within Railways there’s Astra Microwave and BEML that I like (disclosure: I own them as part of the Capital Mind Premium portfolio) Also like the broad play at L&T

  • Don’t like the concept of “defensives” like IT or FMCG. Would rather focus on “progressives”

  • One stock I’m buying is Shipping Corporation of India which has just come into profitability and I like the sector.

Here’s a rough transcript by Economic Times.

Hope you like it!

Tagged:Budget