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Big boost for consumer stocks: Angel Broking

Posted On: 2019-02-02 12:16:09

Reaction to Interim Budget 2019 by Mr. Amarjeet Maurya (AVP - Mid Caps, Angel Broking):

"The budget has given a big boost to the urban incomes and rural incomes. For example, the increase in the taxable limit from Rs.2.50 lakhs to Rs.5 lakhs will be a boost for urban and semi-urban purchasing power. This is likely to be positive in terms of additional spending for sectors like FMCG, consumer durable goods and for automobiles.

The government decision to allocate Rs.75,000 crore to 12 crore farmers for a minimum assured income of Rs.6000 per year. This is likely to give a big boost to rural consumption again with positive implications for sectors like tractors, hybrid seeds, agri inputs, two wheelers, consumer goods etc.

There is a positive takeaway for the real estate sector. The abolition of tax on notional rent on second homes will incentivize people to now invest in second homes at a much aggressive rate. That is good for realty companies. Also the budget offers a special rebate to realty developers by allowing them to maintain 2 years inventory without showing notional rent as against 1 year inventory today."


Source: Equity Bulls

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