Thursday, March 08, 2007
India stock market update 9 March 2007
I am however not so negative about the budget, and was looking at the positives. Fiscal reform in terms of deficit targets have been met, and about the budget promising incentives, we should be moving away from a stage where budgets decide the growth of the economy in terms of micro measures. Instead, the budget should just set the macro perspective. If we look at most developed economies, the budgets are more a funds allocation exercise to different programs and ministries.
As long as the government does not muck up the overall economic climate, I believe in India being a growth story, and will remain allocated to the Indian equity story.
Stocks that I am currently tracking:
1. Nirlon - Rs. 50 (risky)
2. Hindustan Construction - Rs. 100
3. Hinduja TMT - Rs. 510
4. Allianz Securities - Rs. 59
5. Aro Granite - Rs. 84
6. IFCI - Rs. 25
7. Bharti Tele - Rs. 749
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