Budget 2024: 5 Key Sectors to Watch for Strong Investment Opportunities
From infrastructure development to defense modernization, here are the top sectors and stocks to focus on during Budget 2024
Budget 2024Investment OpportunitiesInfrastructure DevelopmentDefense ModernizationReal Estate SectorAgricultural SectorReal Estate NewsJul 16, 2024
So, which sectors and stocks should investors focus on during Budget 2024? Here are the top picks
Infrastructure Sector
The infrastructure sector is expected to get a significant boost in Budget 2024. With a focus on creating long-term economic multipliers, the government is likely to continue its high capital expenditure on roads, power, urban development, and railways. This will not only stimulate economic growth but also create jobs. Stocks to watch in this sector include Larsen & Toubro (L&T), KNR Constructions, and PNC Infratech.
Railway Sector
Significant investments are expected to be made in expanding and modernizing railway infrastructure, including new lines, station redevelopment, and the introduction of modern trains. Stocks to watch in this sector include IRCTC, Container Corporation of India, and Titagarh Wagons.
Real Estate Sector
Funding for affordable housing and the development of new satellite townships near metro cities is expected, aimed at improving urban infrastructure and providing affordable homes. Stocks to watch in this sector include DLF Ltd., Godrej Properties, and Oberoi Realty.
Defense Sector
The defense sector is expected to receive a significant boost in Budget 2024, with increased budgetary allocations for the modernization of the armed forces, acquisition of advanced technology, and indigenization efforts. Stocks to watch in this sector include Bharat Electronics Ltd. (BEL), Hindustan Aeronautics Ltd. (HAL), and Bharat Dynamics Ltd. (BDL).
Agricultural Sector
Higher MSP for major crops, strengthening of PM Kisan Samman Nidhi, and development of agri-infrastructure such as storage, irrigation, and processing facilities are expected in Budget 2024. Stocks to watch in this sector include Mahindra & Mahindra Ltd., Escorts Ltd., and UPL Ltd.
Fisdom is a leading financial services company that provides expert financial advice to individuals and organizations.
The Bharatiya Janata Party (BJP) is a leading political party in India that has been in power since 2014.
Frequently Asked Questions
When is Budget 2024 expected to be presented?
Budget 2024 is expected to be presented on July 23, 2024.
Which sectors are expected to get a boost in Budget 2024?
Infrastructure development, defense modernization, rural development, healthcare, and taxation are expected to be the key focus areas in Budget 2024.
What are the key stocks to watch in the infrastructure sector?
Larsen & Toubro (L&T), KNR Constructions, and PNC Infratech are some of the key stocks to watch in the infrastructure sector.
What are the expectations from the real estate sector in Budget 2024?
Funding for affordable housing and the development of new satellite townships near metro cities are expected in Budget 2024.
What is the significance of PM Kisan Samman Nidhi in Budget 2024?
PM Kisan Samman Nidhi is a key agricultural initiative that provides support to farmers, and its strengthening is expected in Budget 2024.
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