Budget Stock 2023: Ahead of the Union Budget, Dalal Street is abuzz with speculation that Finance Minister Nirmala Sitharaman will present a budget with a special focus on infrastructure. According to stock market experts, this will be the last full budget of the current central government, while elections are to be held in 5 states in the year 2023. Therefore, both the central and state governments will focus on the infrastructure sector, which has potential. Create massive job opportunities within the given time in their hands.
Stock market experts say that the order book and margins of some listed companies in the infra sector are expected to improve in the next 3-4 quarters due to the expectation of a special focus on the infrastructure sector and allied industries. He said things will become clear after the budget proposals but a smart investor always sees the writing on the wall. He advised positional investors to watch the shares NCC, KNR Construction, Cummins IndiaL&T, etc stocks to buy before Budget 2023.
Why buy infra stocks before union budget 2023Avinash Gorakshkar, Head of Research, Profitmart Securities, said, “The upcoming Union Budget is going to be the last full-fledged budget of the present Central Government. Looking at its past budgets, the government is expected to present a people-centric budget where special The focus will be on employment generation as the opposition is attacking the Modi government hard on the employment generation front. agricultureThis is expected to be given special attention in the upcoming budget.
Avinash Gorakshkar further said that this year also elections will be held in 5 states. So those states are also going to pay special attention to job creation and for them also the infra sector will be in focus. Therefore, in the next year and a half, infrastructure companies are going to be in the special focus of both the state and the central government. this would lead To improve order book and margins of some listed infra companies. So, it is better to buy infra stocks before budget presentation for medium to long term or 9 months to 12 months.
Advising positional investors to buy infra stocks, even if they have a short term view, Chandan Taparia, Derivatives & Technical Analyst, Motilal Oswal, said, “The upcoming Union Budget is going to focus on infrastructure and allied sectors as the govt. Wants to showcase its achievements ahead of the fast approaching Lok Sabha elections next year.
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Hence, developmental projects and job creation will be in focus and hence I strongly believe that there will be some big announcements from Finance Minister Nirmala Sitharaman which are going to boost infra stock after the presentation of Budget 2023.”
5 budget stocks to buy in 2023
Chandan Taparia of Motilal Oswal further said that one should review their position after the Union Budget and decide whether infra stockholding should be carried forward or this is an opportunity to book profits.
When asked about Budget stocks to buy in India, Chandan Taparia of Motilal Oswal recommends five stocks to buy ahead of Indian Budget 2023 and those five stocks are NCC, Cummins India, Siemens, KNR Construction and L&T.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.
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