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Here's what brokerages have to say about FM Nirmala Sitharaman's Rs 1.7 lakh crore package

Updated : 2020-03-27 08:37:07

Finance minister Nirmala Sitharaman announced a slew of measures on Thursday for the poor to deal with the economic distress caused due lockdown amid this coronavirus crisis.  The FM announced an economic relief package worth Rs 1.7 lakh crore under the PM Gareeb Kalyan Scheme. Here's what brokerages think of the package and other brokerage calls for the day:

 Deutsche Bank on COVID-19 Package:  The fiscal stimulus will likely push Centre's deficit to 5 percent of the GDP, said the brokerage. It also expects the RBI to cut the policy repo rate by 100 bps in a few months.
Deutsche Bank on COVID-19 Package: The fiscal stimulus will likely push Centre's deficit to 5 percent of the GDP, said the brokerage. It also expects the RBI to cut the policy repo rate by 100 bps in a few months.
 Barclays on COVID-19 Package:  As per the brokerage, the direct fiscal impact of the package may be Rs 62,000 crore or 0.3 percent of GDP. That does not believe the government has finished announcing fiscal stimulus measures, the brokerage further said.
Barclays on COVID-19 Package: As per the brokerage, the direct fiscal impact of the package may be Rs 62,000 crore or 0.3 percent of GDP. That does not believe the government has finished announcing fiscal stimulus measures, the brokerage further said.
 Credit Suisse on COVID-19 Package : The brokerage estimated that there is space of up to 3 percent of GDP of further stimulus. It added that a badly designed stimulus could raise the current account deficit.
Credit Suisse on COVID-19 Package: The brokerage estimated that there is space of up to 3 percent of GDP of further stimulus. It added that a badly designed stimulus could raise the current account deficit.
 Jefferies on COVID-19 Package:  60 percent of the package announced is new, said the brokerage, adding that potential beneficiaries would be low ticket consumer staples.
Jefferies on COVID-19 Package: 60 percent of the package announced is new, said the brokerage, adding that potential beneficiaries would be low ticket consumer staples.
 JPMorgan on RBI:  As per the brokerage, more urgent need is to ensure financial stability. It added that RBI may have to consider interventions in the corporate bond market.
JPMorgan on RBI: As per the brokerage, more urgent need is to ensure financial stability. It added that RBI may have to consider interventions in the corporate bond market.
 Jefferies on Midcaps : The brokerage sees a tepid H1FY21 with maximum impact in Q1. It upgraded Finolex Cables to 'buy' on favorable valuation and strong balance sheet. Top midcap picks of the brokerage are Supreme Industries, V-Guard Industries, and Kajaria.
Jefferies on Midcaps: The brokerage sees a tepid H1FY21 with maximum impact in Q1. It upgraded Finolex Cables to 'buy' on favorable valuation and strong balance sheet. Top midcap picks of the brokerage are Supreme Industries, V-Guard Industries, and Kajaria.
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