Market Guru in talk with RJ Salil Acharya of Radio City: People can invest in L&T and SBI Life
Anil Singhvi, Managing Editor, Zee Business, says, there should be something good for the insurance sector in the budget. During a candid radio chat with RJ Salil Acharya, Radio City, 91.1 FM, Mumbai, Mr Singhvi said, people, can invest in L&T and SBI Life. He added, 2021 is going to be better for L&T
Anil Singhvi, Managing Editor, Zee Business, says, there should be something good for the insurance sector in the budget. During a candid radio chat with RJ Salil Acharya, Radio City, 91.1 FM, Mumbai, Mr Singhvi said, people, can invest in L&T and SBI Life. He added, 2021 is going to be better for L&T.
Starting the radio chat RJ Salil said, although we don't have great expectations from the budget, this time, I think, expectations are very low from it as we all know that corona's havoc and the atmosphere is still there. Of course, the growth of the companies has increased a bit, but can we expect something from the government. He asked Mr Singhvi that do you think that there can be a reduction in excise duty, although it will not be discussed in the budget, the state governments can be instructed regarding it so that some money comes into the hands of the middle class.
See Zee Business Live TV Streaming Below:
To which, Mr Singhvi replied, it should happen, but as you have said that we don't have any expectations from the budget and this time also, the scene was almost same but all of a sudden, the Finance Minister recently gave a statement that year's budget will be historic, not like before. The statement gave some lights of hopes but what she will do something to bring some more money in our hands, it is spent, and consumption goes up, which can give a pace to the economy. So, if it happens then it will be good.
Also Read: LIVE Budget 2021 - What FM Nirmala Sitharaman said | Full coverage and highlights here
Adding to it, RJ Salil Said, but the market has reacted negatively to the statement, why is it so? Mr Singhvi in his reply said, the market is also falling due to the global markets. Secondly, there has been a sharp rise in the market before the budget, so there is a little nervousness and people feel that let's take out the profit as we don't know what will happen. Thirdly, the market is also falling due to a fear that some new tax is not imposed on the name of COVID, maybe a tax is directly imposed on the capital market or any tax is imposed on the name of the COVID. People at the stock markets have earned fiercely over the last one year, the finance minister believes it, it's not my thought.
After this RJ Salil asked, is it a time to sit or some punts can be bought with a hope that it will provide great returns. Meanwhile, there were talks that something can be done for the infrastructure and realty sector like DLF among others, as a lot have been done for them in the recent past from stamp duty to others. So, can you expect some announcement on this front? And, Mr Singhvi replied that it should be done and if you have to punt than it should be done in good quality stocks at least when the market is at around the lifetime highs and budget is around the corner. So, I will tell you about two stocks where you can invest and they are Larsen & Turbo (L&T), whose results are out and after the results, there has been a correction in the stocks - based on the market's mood. This is the right time to buy L&T, continue buying it, slowly, because the management's commentary and guidance that has been provided are amazing. See, the confidence level, it seems that L&T has posted its best result till date based on order inflow. So, 2021 is going to be great for it and L&T is a stock that is on my radar form a perspective of making fresh investment in it. The second stock that you can buy from the aspect of the budget is SBI Life and I believe that something good may happen for the life insurance companies, in fact, for the entire insurance sector, in the budget. So, you can also look towards HDFC Life along with SBI Life.
Market Guru in talks with RJ Salil Acharya of Radio City is a series of interviews on stocks market.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
11:24 AM IST