• Budget Stock 2023: Experts believe that the central government may pay special attention to job creation in the next one year
Budget Stock 2023: Ahead of the Union Budget presentation, Dalal Street is abuzz with speculation that Finance Minister Nirmala Sitharaman will present a budget with a special focus on infrastructure. According to stock market experts, this will be the last full budget of the current central government, while elections are to be held in 5 states in the year 2023. Therefore, both the central and state governments will focus on the infrastructure sector, which has potential. Create massive job opportunities within the given time in their hands.
Stock market experts say that the order book and margins of some listed companies in the infra sector are expected to improve in the next 3-4 quarters due to the expectation of a special focus on the infrastructure sector and allied industries. He said things will become clear after the budget proposals but a smart investor always sees the writing on the wall. He advised positional investors to look at stocks like NCC, KNR Construction, Cummins India, L&T etc. to buy ahead of Budget 2023.
On why you should buy infra stocks ahead of Union Budget 2023, Avinash Gorakshkar, Head of Research, Profitmart Securities said, "The upcoming Union Budget is going to be the last full budget of the current Central Government. Looking at its past budgets, a public call from the government -Expected to present focused budget where job creation will be given special focus as the opposition is coming down hard on the Modi government on the job creation front.Infrastructure is one of the most employment generating sectors after agriculture, it Special attention is expected in the upcoming budget."
Avinash Gorakshkar further said that this year also elections will be held in 5 states. So those states are also going to pay special attention to job creation and for them also the infra sector will be in focus. Therefore, in the next year and a half, infrastructure companies are going to be in the special focus of both the state and the central government. This will improve order book and margins of some listed infra companies. So, it is better to buy infra stocks before budget presentation for medium to long term or 9 months to 12 months.
Advising positional investors to buy infra stocks, even if they have a short term view, Chandan Taparia, Derivatives & Technical Analyst, Motilal Oswal, said, "The upcoming Union Budget is going to focus on infrastructure and allied sectors as the govt. Wants to showcase its achievements ahead of the fast approaching Lok Sabha elections next year.
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