Dear Investors,
Budget 2015 - Power Bull has mixed feeling of good and bad about budget but it is definitely a different from usual budget.
Earlier Budget - Women banking? Chidambaram talked more about women banking and it will be operated for Women empowerment. Current budget doesn't see anything about that.
Budget 2015 trickily handled corporate tax reduction from 30% to 25%. In general many institution pay the tax of 21 to 23% after all exceptions. Now FM has planning to cut exception and ask them to pay what they really does today in the span of 4 years tenure.
More focus given for senior and super senior citizen.
Gold Monetising - It is nice to know about the plan but how they attract customer for keeping gold by paying interest. Interest should at least match inflation else it is a plan but not very attractive.
Black Money - Nice and expecting more laws amendment.
Agriculture - Rs 8.5 cr for credit to boost agriculture.
Power Bull Views in stock perspective: Company like Bata, Liberty and other leather expecting further bullish.
IT, Bank & Pharma will continue to perform. Budget neither help or suppress the performance.
Metals - Looking bearish
Indian market continue to perform bullish.
Best Wishes,
Power Bull
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