Union Budget 2024-25: Expectations
Construction Focus: Increased allocation for housing and infra -Steps to boost rural economy. Positive for Larsen, Ashoka, Godrej Prop, Ambuja and NBCC
Railways: Modernisation of railway and coaches. Positive for Railtel, Kernex, Titagarh, Texmaco and Siemens
Green Energy: Viability Gap Funding and incentive scheme -Focus on renewables, storage, transmission and distribution -Corporate tax rebates for green manufacturing. Positive for JSW Energy, Inox India, IREDA, Borosil Renew and SW Solar
Green Mobility: Announcement of FAME III scheme for hybrids and EVs. Positive for TVS Motors, JBM Auto, Olectra Green, Tata Motors and Bajaj Auto
Defence: Focus on increased modernisation and indigenization. Positive for HAL, Bharat Forge, BEL, Mazagon Dock and Paras
Agriculture and Rural: Focus on qualitative inputs, ethanol production and Agri allied activities. Positive for Kaveri Seeds, Godrej Agrovet, EID Parry, RCF and India Glycol
Tourism: Focus on granting industry status to the travel and tourism sector to support access to finance at affordable rates.. Positive for Lemon Tree, Indian Hotels, ITDC, TFCIL and Imagicaa
Textile and Chemicals: Focus to take measures to boost labor intensive sectors under Make In India initiative. Positive for Arvind, Century Textile, PIInd, Sumitomo Chem and Bombay Dyeing
Divestment: Focus will be on key divestment candidates. Positive for IDBI Bank, SCI, BEML and Concor
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