With the interim budget presenting ample scope for market-moving policy announcements, here are the top shares that could see interest based on expectations across infra, defence, railways, utilities and other focus sectors amid assumptions of continuity even after elections.
L&T
India’s largest engineering and construction firm L&T is well positioned to benefit from any fresh massive government capex allocation in FY25 like last year. Domestic order flows have slowed recently for the company increasingly winning international contracts. All eyes on budget for renewed infra momentum.
IDBI Bank
IDBI Bank remains in investor spotlight as a key PSU stake sale candidate though previous attempts got cancelled. Any definitive divestment plans’ announcement for the lender in fiscal 2025 will be tracked eagerly. Currently government holds 45% in IDBI and LIC close to 50% – faster progress will be monitored.
KEC International Similarly, fellow EPC firm KEC International under the RPG Group stands to gain from major new infrastructure spending via the budget to shore up local orders. The power T&D player currently holds healthy order book levels nearing Rs 40,000 crore.
Siemens Backed by segment diversity across energy, smart infrastructure, mobility and more, Siemens budgets cues will be tracked despite past corporate governance concerns. Smart cities, rail and safety tech announcements could spur stimulus.
NTPC As India’s peak electricity demand surges, integrated utility monopoly NTPC expects capacity expansion tailwinds via the budget. Nearly every fourth unit consumed originates from NTPC currently. Renewable incentives also a key monitorable this year.
Please note, that investment in stock market should be done based on your own analysis and study. This is a generic story, based on market trends, and experts from MoneyControl. Here is the full list of 15 stocks, that can fluctuate due to Budget 2024.
