Within the confines of the available fiscal space, the government is channeling enough for capex which is almost 40% of the additional total outlay. This is being directed to roads, railways, and defence and it can have positive linkage effects with industries like steel, cement, capital goods etc, Way2Wealth said.
Motilal Oswal is bullish on Home First Finance recommended buy rating on the stock with a target price of Rs 1180 in its research report dated January 19, 2024.