Union Budget 2023: Sagar Lele, WealthBasket Curator & Founder of Rupeeting, is also positive on the cement space and says the sector has enough tailwinds to outperform in 2023
Sunil Shankar Matkar
February 01, 2023 / 08:00 AM IST
Sagar Lele, the Founder of Rupeeting
Sagar Lele, the WealthBasket Curator and founder of Rupeeting, doesn’t expect the Budget 2023 to bring in a systemic change in the market direction but he does see an upside in some pockets.
The Sebi registered investment adviser, who has spent more than a decade in equity markets, says with a likely capex target of more than Rs 9 lakh crore, FY24 could be good for cement, construction, engineering, infrastructure, and rail sectors.
He tells Moneycontrol in an interview that defence is likely to continue seeing higher spend and is also upbeat on the cement space. Edited excerpts:
Do you think the Federal Reserve and the European Central Bank will be done with rate hikes after upcoming policy meetings?
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