Buy Budget 2023 Shares Today: Union Finance Minister Nirmala Sitharaman is less than 24 hours away from starting her Budget speech and market experts are busy scanning the sectors and sectors that could work post Budget 2023. According to Religare Broking, the focus is expected from the Government of India (GoI). On infrastructure sector which could fuel auto, FMCG, cements and consumer durable stocks.
Speaking on the topics of work post Budget 2023, Religare Broking said, “In this budget, there are high expectations that the government will continue to focus on allocating more funds in the infrastructure space and this will lead to growth in sectors like auto, Will help. FMCG, Cement, Consumer durables etc.”
Budget 2023 Stocks to buy today, Religare Broking lists the following six stocks:
1] Maruti Suzuki India Limited or MSIL: Maruti is a major player in the passenger vehicle segment with 43% market share. Over the next few years, they plan to regain their lost market share due to new launches in the UV and PV segments, strong demand for UV vehicles, reducing supply side constraints and focus on premiumisation.
In addition, its medium-term strategy is to launch EV models through a mix of its existing product portfolio and new launches, strengthen presence in CNG and hybrid segments.
2] Mahindra & Mahindra (M&M’s): M&M’s One of the leading automotive companies dealing in utility vehicles, commercial vehicles and agricultural equipment. We are positive on the company’s growth prospects driven by new product launches, capacity expansion and its venture into the EV segment. Softening commodity prices and premiumisation should help improve margins.
3]Asian Paints: Asian Paints is the market leader in paints and we believe its growth will be driven by its strong product portfolio, frequent new launches, focus on high growth segments like exterior & waterproofing, wood polish, primers etc. as well as focus on home decor & beautiful Will be babysitting service. Further, it intends to focus on premium products and product mix along with easing raw material sourcing, which will lead to margin improvement.
4]ITC: ITC is a well diversified company in segments like cigarettes. FMCG, agriculture, hotel and paperboard. Its strategy to diversify across segments and generate revenue by focusing on innovation and premiumisation across various businesses will drive growth.
5]Hindustan Unilever Limited or HUL: HUL will continue its leadership position given its strong product portfolio, innovative technology, core expertise (Unilever), investment behind brands and improving distribution network. Besides, premiumisation, cost optimization measures and its continued focus on reducing inflation will help improve margins.
6]UltraTech: The company’s leadership position as well as its capacity enhancement and debt reduction plans augur well for the future and will give the company an edge over other players. Besides, visibility of demand, better realization and utilization from existing capacities would help in better volume growth. Besides this, the company plans to focus on better product mix, increase in usage of green power (from 18% in FY22 to 36% in FY25) and decline in cost of fuel and other raw materials to improve margins.
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.
Know your inner investor
Do you have guts of steel or are you a victim of insomnia regarding your investments? Let’s define your investment approach.
catch all business News, market news, breaking news events and breaking news Update on Live Mint. download mint news app To get daily market updates.