Capital spending on infrastructure will once again be in focus: Rahul Singh

SMID stocks over 50-60%? Time to rethink and trim down

The government has enough fiscal room to deliver a positive Budget, says RAHUL SINGH, chief investment officer-equities at Tata Asset Management. In an interview with Khushboo Tiwari, Singh notes that, barring a few sectors, markets have reached valuations that require bullish assumptions to justify. Edited excerpts:

What are your expectations from the Budget?
 

The government’s discipline towards fiscal targets will continue to be a central theme. Another recurring theme, seen over the last three Budgets, is the focus on capital spending on infrastructure. I see no dilution in that.

Given the cushion of robust tax revenue growth