With NDA coming into power, investors now feel more comfortable as they believe in the continuity of policies and structural reform framework.
Ahead of the Union Budget 2024, dometic brokerage firm Chola Securities have made recommendations for the investors for a holding period till Union Budget 2025 as they foresee ever-rising tax and non-tax revenues providing ample scope for a dream budget roll out.
IANS
2/11
RVNL
In light of ever-increasing budgetary allocation to railways, laying of bullet train tracks, going for 4 lane railway tracks from existing 2 in most parts of the country and overhauling of existing bridges we believe the stock is reasonable at current price.
The surge in infrastructure investment is part of a long-term strategy to promote Indian economic growth. The interim budget 2024-25 set a fresh record for infrastructure outlay by earmarking Rs 11,11,111 crore, topping the existing high of Rs 10 lakh crore allocated during fiscal 2023-24.
ETMarkets.com
4/11
HAL
Of the total allocations of the Interim Budget 24-25 of Rs 47.66 lakh crore, Rs 6.22 lakh crore has been earmarked to the Ministry of Defence, which has set a target of achieving a turnover of Rs 1.75 Lakh crore in aerospace and defence manufacturing by 2025, which includes exports of Rs 35,000 crore. Further, the company is also sitting on a strong order book of around Rs. 94,000 crore.
ETMarkets.com
5/11
DCX Systems
DCX benefits from policies prioritizing indigenous production, increased defense budget allocations, and a 75% capital procurement budget for domestic industries in FY 2023-24. As a preferred Indian partner for global OEMs like Israel Aerospace Industries and ELTA Systems, DCX aims to expand its international footprint, particularly in Europe and the Middle East.
ETMarkets.com
6/11
General Insurance Corporation of India
India’s general insurance market is projected to grow at a compound annual growth rate (CAGR) of 9.9% during 2021-2026 while the reinsurance premiums in India are expected to reach $12 billion by 2025, presenting significant growth opportunities for GICRE.
ETMarkets.com
7/11
LIC
LIC is the largest institutional investor in India, with total assets under management (AUM) worth Rs 43.97 lakh crore as of March 2023, which is 14.31 times of 2nd largest life insurer. Further, the insurer has a strong distribution network of 13.47 lakh agents, and a market share of 51.26% as of March 2023.
Agencies
8/11
Gujarat Mineral Development Corporation
Heavy investments in global infrastructure and increased defence budgets are driving up demand for metals. Alongside rising demand for metals like copper, zinc, and steel, there’s a decrease in their supply, leading to price hikes.
ETMarkets.com
9/11
Texmaco Rail & Engineering
The Indian government’s increased budgetary allocation for railway infrastructure development, including Rs 2.55 lakh crore for 2024-25, supports a favorable business environment for Texmaco Rail & Engineering. The Indian Railways also plans to procure 150,000 freight cars by 2025 providing a significant growth avenue.
ETMarkets.com
10/11
ICICI Bank
ICICI Bank's strong market presence and extensive branch and ATM network make it a prominent player in the Indian banking sector, ensuring accessibility and convenience for its customers. Approximately 68% of the bank’s domestic loan book is rated A- or better, reflecting a focus on high-quality assets and prudent risk management practices.
ETMarkets.com
11/11
SBI
SBI holds a leading market share in several areas including deposits (22.55%), advances (19.06%), debit card spends (25.04%), ATMs (29.26%), and mobile banking transactions (25.75% in numbers, 21.69% in value). This dominance underpins its strong competitive position.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Stock market strategy for Budget 2024: Experts recommend these five stocks to buy today — Balkrishna Industries, SBI, Tata Steel, Ashok Leyland, and Deepak Nitrite.
Stock market strategy for Budget 2024: Experts recommend these five stocks to buy today — Balkrishna Industries, SBI, Tata Steel, Ashok Leyland, and Deepak Nitrite.
The Union Budget 2024-2025 has laid a strong foundation for various sectors, offering numerous opportunities for investors in the share market today. The highlighted stocks – Natco Pharma, Career Point, Himadri Speciality Chemical, Protean eGov Technologies, and NCC Ltd – present significant potential for growth.
According to analysts, CHOLAFIN price target is 1,531.74 INR with a max estimate of 1,800.00 INR and a min estimate of 1,049.00 INR. Check if this forecast comes true in a year, meanwhile watch CHOLAMANDALAM IN & FIN CO stock price chart and keep track of the current situation with CHOLAFIN news and stock market news.
The top multibagger stocks for the next 10 years in India, based on market capitalization, include Vikram Thermo (India) Ltd, Premier Polyfilm Ltd, Alufluoride Ltd, G M Polyplast Ltd, and E Factor Experiences Ltd. These stocks are anticipated to offer significant growth opportunities across various industries.
For those who need inspiration, let's consider two excellent candidates: Microsoft (NASDAQ: MSFT) and Coca-Cola (NYSE: KO). These longtime market leaders, both of which are also top dividend stocks, are worth holding on to for good.
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