Today is the biggest and most important day of the country’s financial year. This day has great significance for domestic investors. For seasoned traders, a budget day is a day of high earnings with high volatility. In the coming budget today, the market will be watching what the government does to increase the capital expenditure. There is a need to increase consumption in the economy battling the Corona epidemic, for this, the market will keep an eye on what the Finance Minister does in the budget.
Morgan Stanley says that in the last budget, the government had given priority to growth, ignoring the financial deficit to provide relief to the economy battling Corona, but this time we can see the focus on growth with financial discipline. . Axis Securities says that in the coming budget today, in view of the elections to be held in 5 states in 2022, focus can be seen on growth. The government may be seen increasing spending on infra, which will give a push to the economy.
Which stocks and sectors to keep an eye on today
Cigarette stock: Today’s budget may see an increase in the tax on tobacco products. In such a situation, ITC and Godfrey Phillips will remain in focus.
Cement, Building Material and Steel Stock: If Finance Minister Nirmala Sitharaman today announces a tax break for rental housing and big announcements for affordable housing, then it can boost companies like building material makers, cement companies, steel companies, real estate companies and construction companies. Is.
Capital Goods, L&T, Road Construction: In order to push infra in the budget, the government can announce to increase capital expenditure. If this happens, stocks like L&T and Siemens can see enthusiasm. Along with this, companies like Dilip Buildcon, IRB Infrastructure, and Ashoka Buildcon will get the benefit of any positive announcement on road construction and infrastructure.
Straight deal – 20 such stocks in which you can make strong earnings on the day of budget by trading
Fertilizer companies: In today’s budget, if the Finance Minister decides to increase the subsidy on fertilizers, then stocks like Coromandel International, PI Industries, UPL, and Rallis India can be seen flying.
auto mobile: Announcement of incentives on the purchase of electric vehicles is expected in the coming budget today. If this happens, then auto stocks like Hero MotoCorp, Bajaj Auto, Tata Motors, M&M and auto ancillaries like Sona, BLW Precision and Minda Industries can see enthusiasm.
PSU banks/CPSEs: If a new target is set for privatization and it is decided to increase the limit of foreign investment in public sector banks, then the shares of public sector banks can rise.
Tata Power, Adani Green and RIL: Big announcements are expected for renewable and green energy in this budget. If this happens, then companies like Tata Power, Adani Green, and RIL will see a boom.
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