Will tyre stocks see a good ride of momentum going ahead? Pramod Amthe answers

economictimes.indiatimes.com:

«I doubt there will be any major changes, except for the saying that there has been challenges for FD immobilisation, which may need a tinkering, but may not be a drastic change in taxes. But if there are any of those things which you are talking about, then there can be a negative repercussions for the market,» says Pramod Amthe, InCred Capital.

What is your take on the markets in run-up to the budget because we have seen most of these counters or sectors actually be abuzz in anticipation of what is likely expected in the budget. What is your view?
Pramod Amthe: In terms of budget expectations, clearly what we are looking forward is some amount of relief to come through for the middle class and also looking at the election side relief for rural segment or the rural markets either in the form of looking at some direction for MSP or to that extent relief on exports of agri commodities so that should also give us some hints about sustaining the rural recovery which has seen initial signs of turnaround in the March and June quarter. So, those are the factors which we would look forward to for the budget expectations.

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Are markets prepared for a change in long-term taxes? If that happens, what could be the immediate downside?
Pramod Amthe: There have been some talks about it