Consumption stocks in focus while capex theme takes a backseat: Manish Sonthalia – Market Outlook

The key takeaway from the Budget is the boost to consumption. The Rs 1 lakh crore tax savings, with a high propensity to spend, could generate a multiplier effect of up to Rs 5 lakh crore. This benefits consumer discretionary stocks, especially in QSR, white goods, retail, and automobiles.