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and in seconds from now sunil singhanya they also would be joining us the three wise men like i always call them they are there live on this budget day on your favorite channel eating now ramdevji good morning let me start with you first uh in the overall scheme of things for an investor like you budget will not change anything but given that last year budget changed the dynamics of the thought process of government's thinking what are you likely to see i'm asking you this question because last budget re-rated the market you know i think uh in last 12 months two three things have put you in the corporate profitability side it has been a huge surprise the pace at which corporate earnings recover post the second order pending that is quite stunning and that momentum is on and hopefully uh with the with a great expansion and credit cost contraction i think uh financial sector uh should be should be in your pack and second that's the largest sector second largest is et sorry i.t and i t in any case is booming so you have a lot of uh fireworks out there and particularly if uh expected gdp growth is about eight and a half it doesn't matter from this sector it comes but in aggregate if you get about eight and a half percent kind of thing i think corporate profits will just boom and that is where my focus is where which way the aggregate corporate profits are going the sectors post budget we can figure out uh where the television becomes stronger or the new typically starts but just getting that eight it can happen one of those i think broadly if we are able to achieve equality at a higher definition of six percent eight percent currently fourteen percent normal gdp growth rate i think that's there's a lot for the good corporates well good morning to you thank you for joining us always look forward to your thoughts on the budget day especially sunil let's go to our budget heat map stocks where we feel that there could be some budget action and policy reaction real estate stocks clean hydrogen companies ev companies obviously hospitality hotel these stocks would be in demand in terms of where the market positioning would be trying to address the trader here that's one important heat map which in a sense would tell us which way the market mood is moving and they go you got indian hotels something could come for real estate for the hospitality industry let's look at dlf see these are some of the stocks where you may actually see some action coming in real estate could be a force multiplier force multiplier sector so to speak i want to also look at some possible government disinvestment names shipping corporation bml what is happening to container corporation idvi bank remember these are not new names these are names where the intention to privatize and intention to sale has already happened now we can endlessly get into this argument and say this all nothing happened yes nothing happened but air india happened and more than strategic more than disinvestment strategic privatization it happens it just changes the dynamics of the sector ramdavji let's look at this scenario which is more like a realistic scenario that this is a no harm budget nothing detrimental incremental positive nothing big bang but the direction remains very clear do you think markets post this event risk is behind us could stabilize risk to the market is the global and what happens in u.s what happens to the global inflation commodity prices and the behavior of the fis so it is not the trouble i don't see i mean worthwhile trouble here because fiscal space is so big we have used the monitor space fiscal is now going to be used because there you'll have a bumper tax collection you have six and a half percent fiscal let's say unprecedented amount of money in the hands of finance minister so i don't think there'll be periphering on any sector now who gets the big big one that we have to see in the course of the day uh but the risk to the market is uh maybe two years rally which has happened uh so there's a lot of profit booking second is the i think fi which owns almost part risk i see otherwise
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