Aditya Birla Sun Life AMC’s Harish Krishnan

After the budget classified tax on buybacks as capital gains, some relief for buybacks may help return excess capital in a few mature companies, which can then be recycled into newer capital-intensive opportunities, said Krishnan. Some consumer staples, even though they have higher price-to-sales ratios, are generating significant cash flows and could be a better…

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Budget 2026 playbook: Capex stocks or consumption themes — Where should portfolios lean?

Budget 2026: As the Union Budget 2026 approaches, the familiar debate between capital expenditure and consumption has resurfaced. Finding the right portfolio mix ahead of the mega event is crucial for investors as it could influence the overall return. Finance Minister Nirmala Sitharaman will unveil the government’s fiscal roadmap for the next financial year on…

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