Ahead of budget 2024, Axis Securities has put a big bet on Hero Moto Corp stocks.
FMCG firms such as Dabur India, Hindustan Unilever (HUL), Godrej Consumer, may benefit from potential tax cuts.
Increased allocation for defence capital expenditure would be positive for stocks like Bharat Electronics (BEL) & HAL.
It is expected that the budget to facilitate and expand infra development which will positively benefit cement companies like Ultra Tech Cement.
Centre's focus on roads, urban development, & railways will create key long-term economic impact & NTPC stock price may skyrocket.
Investment in rural infrastructure are likely to boost consumption demand in rural areas, hence V-mart is also on the list.
Budget 2024 may also renew emphasis on housing schemes in rural markets, hence SBI, BoB, CANBK, etc are also on the list.
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