Sanjiv Duggal, Investment Director-India Equities at HSBC Global AMC believes people were probably expecting much more from the Budget. However, he feels the Budget was quite up to the mark.
For much of the past decade, HSBC's star portfolio manager, Sanjiv Duggal, has been a major influence on India's stock market, directing the fortunes of the country's biggest equity fund and winning a huge investor following.
India, a market highly dependent on its global counterparts, is currently trading at 14 times one-year forward multiple, says HSBC Global Asset Management’s investment director Sanjiv Duggal.