However, Gautam Trivedi of Religare Capital Markets too agrees that this Budget did not do much to revive domestic consumption. With the service tax hike, it is in fact a little negative, he adds.
Misal Singh, Director- Institutional Research, Religare Capital Markets Limited thinks the order inflow guidance of 20 percent given by L&T is a bit aggressive.
Retail investors continue to be bearish on the stock market, and instead are putting their money in fixed income, real estate and commodities, says Gautam Trivedi, Managing Director and Head of Equities, Religare Capital Markets Limited.
The governments move towards fiscal consolidation was most pleasing part about the budget.