Budget 2024: These stocks will boom after budget announcement

Budget 2024: Finance Minister Nirmala Sitharaman is set to present the complete budget for the financial year on July 23.  Market analysts are closely monitoring which sectors and stocks could potentially gain from the expected economic measures. Expert opinion on budget liked stocks Rajesh Sinha is a Senior Research Analyst at Bonanza Portfolio Ltd, has shared his predictions and insights on the upcoming budget. He emphasized the possible beneficiaries across different sectors. The Modi government is anticipated to persist in its focus on capital expenditure to stimulate GDP growth, with a particular focus on infrastructure development,” he remarked. He also mentioned that the government’s comprehensive budget is projected to maintain its emphasis on enhancing India’s economic growth. Potential measures could involve offering income tax relief to increase disposable income for the general public and the middle class, as well as maintaining a strong focus on capital expenditure to boost GDP growth, especially through infrastructure development. This is expected to have a positive impact on Dalal Street, with numerous companies likely to gain from the announcements. Budget 2024: Booming stocks and sectors The manufacturing and electronics production sectors are poised to experience growth due to government incentives. It will potentially benefit the companies like Polycab India, Dixon Technologies, and Amber Enterprises. Increased budgetary allocations aimed at promoting domestic manufacturing. It will reduce import dependency. It could provide a boost to firms in the pharma and healthcare sector. Lupin, Cipla, Sun Pharma, Healthcare Global Enterprises, and KIMS are among the companies expected to benefit from these measures. It could drive growth and enhance their research capabilities.