In Chat with Anil Singhvi, market expert Mehraboon Jamshed recommends Kirloskar Pneumatic as his stock pick

Zee Business Managing Editor Anil Singhvi on Tuesday spoke to market analyst Mehraboon Jamshed and started off the conversation by asking him about his views on Budget 2021 and how it could be seen from stock market perspective.  

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Replying to Anil Singhvi, Jamshed said, he would give 10 out of 10 marks to this budget. "Talking of stock market, you could not have done more than what this budget offers. I have not seen a more transparent budget in 20 years than this one. It has clearly described fiscal deficit and also tried to address constraints in the Indian economy through this budget. It has talked of privatisation and tried to increase spendings, only concern now remains is execution. But the intent shown by the government suggest that it may bypass it too "  

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मार्केट दिग्गज मेहरबून ईरानी को बाजार में छोटे करेक्शन का अनुमान... ज़ी बिज़नेस से खास बातचीत में इंफ्रा, स्टील और सीमेंट सेक्टर पर जताया भरोसा..#BudgetOnZee @AnilSinghvi_ @IraniMehraboon pic.twitter.com/P83zwmTtXp

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Inflation is a problem across the world, and it needs to be looked into.  

As far as the market rally is concerned, it has given 100 out of 100 marks to the budget, but it can see some correction, he said. "It is difficult to say at this point at what level correction will come, but if the market corrects by 5 to 10 per cent, it will be healthy correction and people should be ready for it. Even correction will provide opportunity to buy in the sectors where provisions have been made in the budget," said market expert.

Major concerns will remain inflation, oil price and implementation of policies announced in the budget.

Talking about sectors to watch out for, he said one important sector is infrastructure that has been given priority in the budget. "You can include steel, cement, construction whatsoever in this sector."  

When asked to pick one stock that he would suggest. Mehraboon Jamshed recommended Kirloskar Pneumatic Company, stressing that t is a well-managed company with good busines potential. Kirloskar Pneumatic share gave a closing of RS 214, 15 per cent upside, on BSE on Thursday.