Finance Minister Nirmala Sitharaman has presented the budget for the next financial year (Budget 2022). This budget is going to boost growth. You may not see much things for yourself in this budget soon, but it has the potential to take the economy on a fast track in the coming years. The biggest reason for this is that the government has made a plan to increase its capital expenditure. This will benefit many sectors of the economy. Let us know about this in detail. We will also know in which companies you can get good returns from investing.
Fintech stocks will shine
Finance Minister Nirmala Sitharaman has made digital economy her priority in the budget. This simply means that good days are coming for the companies associated with digital transactions. After the budget, there was a jump in the shares of Paytm. This stock, which has been beating continuously for some time, had changed its trend today. The stock closed at Rs 970.50 with a gain of 5.58 per cent. Shares of online food delivery company Zomato also closed with a gain of 4.65 per cent.
Investing in telecom companies will give profits
The picture has also become clear regarding the auction of 5G spectrum in the budget. Spectrum for 5G services will be auctioned this year, he said. With this, private telecom companies will be able to provide 5G services to their customers. Due to this, the shares of HFCL closed at Rs 83, up more than 5 per cent. Shares of Tejas Networks rose more than 3 per cent to Rs 425. Shares of Vindhya Telelinks also closed at 1223 with a gain of about one percent.
Solid returns will be given from the shares of metal companies
The government has announced a 35 percent increase in capital expenditure for the next financial year. The capital expenditure of the government in the next financial year will be Rs 7.5 lakh crore. This will increase the growth of metal companies including steel. Large scale aluminum will be required for the 400 Vande Bharat trains. On the other hand, with the construction of 25,000 km highway, the demand for many things including cement will increase. This is the reason why the shares of metal companies saw a rise. You can earn good profits by investing in metal companies.
Sweetness will dissolve in the stock portfolio of Chinese companies
The government has geared up to increase ethanol in petrol. This was announced by the Finance Minister on Tuesday. Chinese companies will get the benefit of this. You can invest in stocks of strong companies of this sector. These include companies like Balrampur Sugars, EID Parry, Dwarikesh.
Also read: Budget 2022: Know how corporates felt Nirmala Sitharaman’s fourth budget
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