1. By S.P. Tulsian Post Budget Impact on Capital Market & The Road Ahead 1 st August, 2014 Mumbai

2. 2 Fiscal Consolidation Inclusive Growth Focus on Infra Inflation Control Budget Focus Areas

3. 3 Fiscal Deficit Targets FY15 – 4.1% FY16 – 3.6% FY17 – 3.0% Subsidy Reduction GST Road Map – April 16 Direct Benefit Transfer Divestment in PSUs Curtail Budgetary Support Basel III Capital – Rs. 2.40 Lakh Cr. by FY19 Fiscal Consolidation

4. 4 Encourage Savings Encourage Investments Inviting FDI – 49% in Insurance & Defence REITs and INVITIs PSU Capex – Rs. 2,47,941 Cr. in FY15 Continuing with old social schemes Inclusive Growth

5. 5 NH Target of 8,500 km in FY15 PPP Model for 15,000 km of Gas Pipeline 16 new Ports with focus on Port connectivity Inland Navigation – Allahabad to Haldia National Industrial Corridor, covering about 15 States 10 year tax holiday for Power Generation, T&D- project completed by 31.03.2017 Provide coal linkage, for projects completed by 31.03.2015 Develop SEZ in Kandla and JNPT Improve domestic coal production, with quality control and environment protection Focus on Infra

6. 6 Improve Farm productivity Digital India Venture Capital to encourage new start up by Youths 100 Smart Cities Financial Inclusion Mission Linkage of Perennial Rivers Promote Tourism at various locations 6 Textile Mega clusters across India Pro Industry = Pro Poor = Pro Growth Inflation Control

7. 7 GAAR Deferral Avoid Retro tax amendments Policy clarity in Infra Projects Investment Negatives Dividend Distribution Tax hike Super Rich Tax Surcharge continued MAT relief on listed stocks STCG/ LTCG Grant relief of STCG/ LTCG to retail investors Retail Investors’ base need to get enlarged Foreign Capital

8. 8 Oil & Gas & Natural Resources – ONGC, BPCL, Coal India, NMDC Cement – Ambuja, Ultratech, Ramco Cement, Shree Cement, JK Cement Realty – IB Real, Prestige Estate, HDIL, DLF Automobiles – Maruti, M&M, TVS Motor NBFCs – M&M Finance, Shriram City Union, Bajaj Finance Housing Fin – LIC Housing, DHFL, IB Housing Metals – Hindalco, Hind Zinc, Sesa Sterlite, JSW Steel Pharma – Biocon, Glenmark, Torrent Pharma FMCG – Asian Paints, Dabur, Emami, God Consumer Infra – L&T, Adani Enterprises, Rel Infra, JP Associates Power – JSW Energy, Adani Power, CESC, Torrent Power MNCs – GSK Consumer, SKF, Novartis, Siemens, ABB Stock Picks (sector wise)

9. www.sptulsian.com Multibagger Stocks MCX Century Textiles IB Real Adani Ports Aban Offshore Ashok Leyland Kernex Micro DB Realty Wockhardt 9

10. Thank You!