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Sector Rising By Budget 2024: Top Stocks to Buy Budget 2024

  


Introduction

The live broadcast of Budget 2024 is scheduled for today, with Union Finance Minister Nirmala Sitharaman about to present the Interim Budget. This presentation precedes the Lok Sabha elections in 2024 and marks the decisive budget within the second term of Prime Minister Narendra Modi. It is important to note that this budget is temporary, and the full budget for 2024-25 will come later after the new government forms after the general elections.

With the Interim Budget 2024-25 set to be presented today various sectors across the economy are eagerly waiting to see what the government has in store for them. From healthcare and education to real estate and automobiles, everyone has their own set of expectations and hopes. Let's take a closer look at what some key sectors are wishing for in this year's budget.

 

 

Healthcare

As we all have seen, the healthcare sector has been hit hard by the pandemic, and there's a strong demand for increased government funding. This would help improve healthcare infrastructure, expand access to medical services, and make quality healthcare more affordable for everyone.

Which makes a shift towards preventive healthcare is crucial to reduce the burden on hospitals and manage chronic diseases effectively. The budget could incentivize preventive checkups and invest in public awareness campaigns.

Encouraging research and development in the medical field is essential for tackling emerging health challenges and developing new treatments. The budget could provide grants and tax breaks for pharmaceutical companies and research institutions.

 

In the healthcare sector, there are standout companies showing notable success. Let's delve into a few of them:

1. Apollo Hospitals (APHS).

2. Max Healthcare (MAXH).

3. Fortis Healthcare (FHL).

4. Global Health (GHL).

5. Narayana Hrudayalaya (NH).

 

For more insights into healthcare stocks, Click Here to explore our blog "Stocks on Watch".

 

 

Real Estate

In recent years the real estate sector has been facing a slowdown in recent years. The budget could provide tax relief for homebuyers, such as increased deduction limits for home loan interest payments, to boost demand and revive the sector.

Granting infrastructure status to affordable housing projects would make them eligible for easier access to loans and tax benefits, leading to increased investment and construction of affordable homes.

The current GST rates on building materials and under-construction properties can be a burden for developers and homebuyers. The budget could rationalise these rates to reduce costs and make housing more affordable.

 

Meet the standout players in real estate sector:

  1. Century Plyboards India Ltd.

  2. Rushil Decor Ltd.

  3. Greenpanel Industries Limited.

  4. Kajaria Ceramics Ltd.

  5. Greenply Industries Limited.

 

For deeper insights into the real estate sector, Click Here to explore our detailed blog.

 

Automobiles

The existing vehicle scrappage policy needs more teeth to encourage people to scrap old, polluting vehicles. The budget could offer additional incentives, like discounts on new car purchases, to make the policy more effective.

The government's push for electric vehicles (EVs) needs continued support. The budget could extend subsidies on EVs, invest in charging infrastructure, and offer tax breaks for EV manufacturers to accelerate EV adoption.

Investing in research and development of alternative fuels like biofuels and hydrogen can reduce dependence on fossil fuels and improve air quality. The budget could allocate funds for research in these areas.

 

Here are some important companies in the Indian automobile sector:

  1. Maruti Suzuki.

  2. Tata Motors.

  3. Mahindra and Mahindra (M&M).

  4. Bajaj Auto.

  5. Eicher Motors.

 

Click Here for an in-depth analysis of the automobile sector.

 

 

Farming and Agriculture

Helping farmers is really important for making sure we have enough food and for the people who live in rural areas. The government's budget can do things like giving discounts to farmers, improving water systems, and encouraging eco-friendly farming. Also, there's this cool technology for farming that's growing a lot. 

It can make farming cheaper, help farmers earn more money, and the government is working on projects to organise farming data. Making this data available to everyone is a good idea. Start-ups (new companies) in farming are getting help, but we need to make sure they work well on the ground. Making things like a single licence for operations in a state and providing empty warehouses, subsidies for solar power, and cold storage can help these new companies grow faster.

 

In the world of fertilisers, there are some companies doing really well. Let's talk about a few:

1. Gujarat State Fertilisers & Chemicals Ltd. (GSFC).

2. Rashtriya Chemicals and Fertilisers Ltd.

3. Deepak Fertilisers & Petrochemicals Pvt. Ltd.

4. Mangalore Chemicals & Fertilisers Ltd.

5. Southern Petrochemicals Industries Corp Ltd.

 

If you want to know more details about this sector, Click Here to check out our blog "Stocks on Watch".

 

Education

Increased funding for education is crucial to improve the quality of education and make it accessible to all. The budget could focus on expanding access to higher education, providing scholarships, and improving teacher training.

The tech sector focuses on the integration of artificial intelligence (AI) in education. With a focus on aligning with the National Education Policy (NEP) 2020, there's a call for strategic funding to support AI-driven educational models, digital infrastructure, and AI literacy.

 

Here are some key players in the education sector:

  1. Veranda Learning.

  2. Shanti Education.

  3. Global Education.

  4. CL Educate.

  5. DroneAcharya Aerial.

 

Click Here for an in-depth analysis of the education sector.

 

 

Conclusion

As diverse as the sectors themselves, the expectations from Budget 2024-25 highlight the intricate needs of India's economy. From technological advancements and infrastructure growth to policy support and financial incentives, the wishlist is broad and varied. The budget presentation on February 1 will reveal the government's stance on these expectations and set the tone for economic growth in the coming fiscal year.

 



Frequently Asked Questions

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The Interim Budget 2024-25, scheduled for presentation today, precedes the Lok Sabha elections and is a crucial financial plan within Prime Minister Narendra Modi's second term. It's important to note that this budget is temporary, with the full 2024-25 budget to follow after the elections.

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Given the challenges posed by the pandemic, the healthcare sector anticipates increased government funding for infrastructure, improved access to medical services, and more affordable healthcare. 

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Facing a recent slowdown, the real estate sector hopes for tax relief for homebuyers, infrastructure status for affordable housing projects, and rationalized GST rates.



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