In Budget 2023, government capex saw an uptick of over 33 percent to Rs 10 lakh crore. For this year, market is expecting a growth of anywhere between 15-20 percent. Meanwhile, Jefferies believes that the number could be just about 7-8 percent
Budget 2024 Expectations: Over the past few years, government s focus on increasing capex to improve the country s infra has helped capital goods and several PSU stocks rally. For instance, Nifty CPSE index has gained over 80 percent in the past one year. This has generated massive investor wealth and the markets want this to continue gung-ho
Budget 2024 Expectations: Over the past few years, government s focus on increasing capex to improve the country s infra has helped capital goods and several PSU stocks rally. For instance, Nifty CPSE index has gained over 80 percent in the past one year. This has generated massive investor wealth and the markets want this to continue gung-ho