Budget 2024 Date, Stocks To BUY: Finance Minister Nirmala Sitharaman will present the Union Budget for FY25 on July 23. The Budget session will begin on July 22 and continue till August 12, Parliamentary Affairs Minister Kiren Rijiju made the announcement on X earlier this Saturday.
"Hon’ble President of India, on the recommendation of Government of India, has approved the proposal for summoning of both the Houses of Parliament for the Budget Session, 2024 from 22nd July, 2024 to 12 August, 2024 (Subject to exigencies of Parliamentary Business)," he wrote.
The upcoming budget is expected to set the tone for India's economic trajectory in the coming year, making it a pivotal event for market participants. Amid this anticipation of the first budget under Modi 3.0, investors are closely watching key sectors likely to benefit from new policies and reforms.
Gaurav Goel, an Entrepreneur and SEBI-registered investment advisor shared key sectors that are likely to be the beneficiaries. He also shared a list of stocks to invest from the perspective of the 2024 Union Budget
Goel expects the following sectors to benefit from the Budget 2024:
Rural/Agriculture: Rural consumption has suffered in recent years and rural incomes have not risen in line with urban counterparts. We expect rural and agriculture theme to corner significant focus in the budget.
Infrastructure: This sector has been in limelight in last few years and will continue to dominate budget headlines in coming years as well. Sub-sectors like roads, railways, power, shipping, logistics and allied sectors like cement, sector financers, coal producers remain attractive despite recent run up.
Defence: The scope for indigenisation and exports in this sector is huge. Government will continue to encourage this sector. Modern warfare technology like drones, naval submarines etc. will gain considerable traction.
New Age Sectors: If India has to become a developed nation, it cannot ignore new age technologies like artificial intelligence, renewables, semiconductors, space, green hydrogen, electric vehicles, recycling etc. Government will leave no stone unturned to ensure India rises in the modern world.
General Utilities: Jal, Jeevan and Jalvayu will be another important theme to provide basic facilities the citizens of the country. Clean water and sanitation, affordable housing, and clean air will be the area of emphasis.
Goel shared the following list of stocks to buy ahead of the Budget 2024, with target prices set for a 2-3 year time frame.
| Stock | CMP (Rs) | Target Price (Rs) | Potential Upside (%) | |
| 1 | Chambal Fertilizer | 534.3 | 700 | 31.00% |
| 2 | Escorts | 4105.05 | 5500 | 33.98% |
| 3 | L&T | 3632 | 4500 | 23.89% |
| 4 | Jupiter Wagons | 723.65 | 900 | 24.37% |
| 5 | PFC | 549.75 | 700 | 27.33% |
| 6 | JSW Infra | 350.4 | 500 | 42.69% |
| 7 | Coal India | 493.3 | 650 | 31.77% |
| 8 | HAL | 5621.95 | 7000 | 24.51% |
| 9 | Mazagon Dock | 5580.15 | 6500 | 16.48% |
| 10 | Gravita | 1386.1 | 2000 | 44.29% |
| 11 | IREDA | 246.38 | 320 | 29.88% |
| 12 | ION Exchange | 644.35 | 850 | 31.91% |
| 13 | HUDCO | 333.05 | 500 | 50.13% |
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