New DelhiThe Union Budget for the year 2022-23 is near. People have high hopes from this budget. Especially in the time of Corona epidemic, due to the presentation of the budget, the government is expected to give benefits in many sectors. The eyes of many sectors are on the budget speech that what is announced this time. In such a situation, the shares of the companies which will get support from the budget will fly. This will give a great opportunity to the investors to earn big money in a short span of time.
We consulted experts to know about such sectors and stocks that give good returns. Kishore Ostwal of capital market company CNI Reasearch told that this time the budget is expected to be bigger than last time. That is, this time the budget can be between 34 lakh crores and 40 lakh crores. He said that the government has got better results than expected on the revenue front.
The government had estimated that this time the GST collection would be 6 lakh crores. But more GST has been collected than this. In direct tax also, the Government of India had estimated that Rs 11.08 lakh crore would come to the government. Which can reach up to Rs 14 lakh crore. So the government has money to spend.
Shares of these sectors will benefit
Infra sector in India is always on boom. In this budget also a lot of money will be spent on this sector. This government is already paying a lot of attention to the infra sector. This time the infra sector is expected to get a higher share. , Two stocks in this sector can react wonderfully to an increase in their share in the budget. These two stocks are IRB Infrastructure Development Ltd and Artefact Projects Ltd.
The government has already expressed its intention regarding electric vehicles. Tata Motors will be the biggest beneficiary of any concession in the EV segment. Stocks like Mahindra & Mahindra and Ashok Leyland can also provide earning opportunities. On the other hand, stocks like Tata Power and Adani Green can create opportunities for investors.
India invests a lot of money in the field of defence. In view of the challenges of China and Pakistan on the border, once again the budget in the defense sector can be increased. In the defense sector, BEML and NALCO can prove to be a good option in this sector.
first published:Jan. 13, 2022, 4:21 p.m.