New Delhi, Feb. 7 -- Devarsh Vakil, Head of Prime Research at HDFC Securities recommends that investors adopt a selective approach, focusing on large-cap stocks as they offer superior risk-adjusted returns. Vakil also added that large banks are poised to navigate this cycle effectively and are currently available at very attractive valuations. Recoveries from stressed assets will likely aid PAT growth for some PSU banks. Edited Excerpts:

The 2025 budget is a bold and visionary document that will shape India's future. The budget simplifies the income tax structure and makes it more efficient.

The government has graciously extended the tax-free threshold to a remarkable Rs.12.75 lakh (individual-salaried taxpayers) under the new tax regim...