Wednesday, 4 January 2017

MNC stocks a great play; Leverage isn't a bad word

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This year’s Budget will be different from last year’s owing to two reasons. MNC stocks are a good bet as a lot of them are better-managed and cater to international markets. “There is always a possibility of a takeout,” he said, adding that banking and high capex stocks are equally high on his list. Highly leveraged good quality industrial companies are also on his good books. 

Leverage is not a bad word. CBDT clarification that came last week that proposed to double-tax FPIs. Some companies will have a golden period for the next 24 months as banks may not want the money they have lent to them. On a 2-3 year horizon, pharma looks promising.

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