As the Election 2014 is over, it’s action time for the new government. Narendra Modi led NDA government already started taking steps in just 3 weeks like Meeting with SAARC leaders, Setting up an SIT on black money, Giving confidence and authorities to the Bureaucrats and dissolve of EGOM and GOM etc. But the next key focus for the government and for the markets is the budget which is expected to be tabled in the parliament on 2nd week of July, 2014. As we know that in budget government will likely to focus on Fiscal Policies, Road and Infrastructure Sector, Power Sector and Health Care Sector.
We believe that Government would also likely to focus more on Research & Development Sector, Education Sector and IT Infrastructure Sector. So under education sector we are bullish on MT Educare because of its good business model and government awareness towards education sector. Under IT sector we are bullish on companies which are more focusing towards cloud computing like HCL Infosystems. Now we are waiting for the Budget.