Stocks to Watch Today on Budget 2024 Live Updates: Here are the top stocks to watch on the day of Interim Budget 2024.
As the Interim Budget 2024 is announced, investors are keeping a close eye on the stock market to identify potential opportunities. Here are the top stocks to watch on the day of the budget announcement.
1. Infrastructure Companies
With the government's focus on infrastructure development, stocks of companies involved in construction, engineering, and infrastructure development are expected to be in the spotlight. Keep an eye on companies like Larsen & Toubro, Dilip Buildcon, and IRB Infrastructure.
2. Healthcare Sector
The healthcare sector is likely to see increased activity with potential announcements related to healthcare infrastructure and policies. Stocks of major pharmaceutical companies and hospital chains such as Sun Pharma, Dr. Reddy's Laboratories, and Apollo Hospitals could see significant movement.
3. Banking and Financial Services
As the budget impacts financial policies, banks and financial institutions are expected to be influenced by the announcements. Keep an eye on stocks of major banks like State Bank of India, HDFC Bank, and ICICI Bank.
4. Renewable Energy Companies
With a focus on sustainable development and clean energy, stocks of renewable energy companies such as Suzlon Energy, Adani Green Energy, and Tata Power Renewable are likely to be in focus.
5. Automobile Sector
Any announcements related to electric vehicles, infrastructure development, or policies impacting the automobile sector could influence stocks of companies like Tata Motors, Maruti Suzuki, and Mahindra & Mahindra.
6. Technology and IT Companies
Given the increasing digital transformation and emphasis on technology, stocks of IT companies such as TCS, Infosys, and Wipro could see movement based on budget-related developments.
7. Consumer Goods and FMCG
Consumer sentiment and spending patterns can be influenced by budget announcements, impacting stocks of FMCG companies like Hindustan Unilever, ITC, and Nestle India.
8. Metal and Mining Companies
With potential announcements related to infrastructure and manufacturing, stocks of metal and mining companies such as Vedanta, Hindalco, and Coal India could be impacted.