This Budget is likely to focus on capex, manufacturing push and macro stability. The announcements of the Union Budget have direct implications on the stock market as the government s policies and financial plans decide the upcoming trends in different sectors.
Vinit Bolinjkar of Ventura Securities suggests playing the tourism theme through Indigo, IRCTC, Indian Hotels, and Thomas Cook. He also believes that ITC will perform well due to its growth in the FMCG segment and the success of its hotels. Bolinjkar highlights the shift in tourism towards spiritual destinations in India. He mentions that Federal Bank may face challenges due to increased cost of funds, while Maharashtra Bank and Karnataka Bank may be better options.
Based on what the experts have told us, we have put together 10 smart money moves that can safeguard your finances and help you grow wealthier in the new year. We hope you will find these useful. Wishing you good health, prosperity and safety in 2024.