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Budget 2024: Sectors and stocks to focus on

 NDA Government will announce its first Budget after winning the Lok election 2024. It will be very important budget for NDA government because BJP government could not win seats as per expectations which was a biggest setback for BJP party.

Many People are giving different reason for this but Main reasons we have already discussed on our website even before LOK sabha elections outcome.

There are following main reasons of getting very less seats by BJP Party into the Lok sabha elections 2024:

  • .    NDA government has to focus on Middle class families or lower middle class families. There was no focus on Central government employees especially into the Central government banks pensioners. Central government retired banking employees are getting very less passions as compared to State government banking employees. BJP government had ignored this thing but this time NDA government has to focus on this matter too.
  • .    Private companies are not offering jobs to youngsters. Private sector companies have only focus on increasing profit.  There should be strict action against such companies.
  • .     Higher inflation rate was also biggest reason.
  • .     Farmer's protest against agriculture bill was the main reason of getting less seats.
  •    Government has to work on ground reality instead to always sit into the Media channels.

It is good time for NDA government for solving problems and attract more people. NDA government should try to impress more middle class and upper class people for the next elections. 

 Now let us discuss sectors and stocks which can be in focus after or before Budget 2024:

Sectors and Stocks to Focus On

Consumer Sector stcosk:

Investors are eyeing stocks :

  • Dabur India
  • HUL,
  • Emami
  • Colgate

Commodities sector stocks:

  • Chemical stocks
  • Agri commodities stocks
  • Tata Chemical
  • UPL
  • Bayer Cropscience

 Defence sector stocks:

Look out for stocks in the defence sector such as

  •  Paras Defence
  • BHEL

which are expected to see significant growth.

Infrastructure sector stocks:

Infrastructure and public sector stocks like

  • NBCC
  • L&T
  • RVNL

There stocks are set to benefit from higher capital expenditure.

Market Outlook for 2024 after Budget:

The Indian stock market is expected to grow by up to 18% to 21% in 2024, driven by government spending and strong corporate earnings.  We can expect nifty target of 26,000 points by the end of 2024. Many people are expecting higher targets but we may see some correction at higher levels. Investors have to stay alert into the market.

Earnings per share for companies in the MSCI India Index are expected to rise by 16% in 2024, which is better than Chinse firms.

In summary, the upcoming Budget is expected to provide a significant boost to India's stock market. Certain sectors and stocks are poised to benefit from the government's policy priorities and spending plans.

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