2024 union budget...top stocks to watch

2024 Union budget...top stocks to watch..

The 2024 Union Budget in India is expected to emphasize several infrastructure and Railways emphasize several key sectors, each with significant implications for investors. Here are the main themes and corresponding stocks to watch

1. Infrastructure and Railways: The budget is likely to boost infrastructure projects including railways, with significant allocations expected for projects like the dedicated freight corridor and high-speed rail. Key stocks in this area include Larsen & Toubro (L&T) and Concor

2. Healthcare: With increased spending anticipated in the healthcare sector, particularly in digital infrastructure and public health initiatives like thman Bharat scheme, stocks like Apollo Hospitals and Dr. Lal PathLabs could benefit

3. **Renewable Energy**: A push towards achieving 500 GW of renewable energy capacity by 2030 will likely favor companies in solar, wind, and green hydrogen sectors. Notable stocks
stocks include Tata Power, Borosil Renewables, and NTPC

4. **Financial Services: The financialization of savings is another key theme, with measures expected to enhance market participation. LIC, HDFC Life, ICICI Prudential, and SBI Life .

5. **Defence**: Increased capital expenditure in the der is anticipated, whcould benefit stocks like Bharat Electronics and Hindustan Aeronautics.

6. **Housing and Urban Development**: The Housing for All initiative is expected to provide a boost to companies involved in housing construction and related industries. Stocks like Asian Paints, Berger Paints, and Ultratech Cement.

7. **MSMEs and Manufacturing**: Enhanced support for MSMEs throug easier access to funds and capital subsidies could drive growth in this sector. Companies like Dixon Technologies and Amber Enterprises are well-positioned to benefit .

For investors, these sectors and stocks represent strategic opportunities aligned with the government's budgetary focus. Careful analysis and positioning in these areas could yield significant returns.