A Vote Stock Ideas-Of-Account-Budget Sets The Narrative Of 'Viksit Bharat': Axis Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.Our honourable Finance Minister Nirmala Sitaraman presented the Interim Budget 2024-25 yesterday. Being the 'vote of account' budget before the Union Election 2024, the expectations of the budget were naturally low. The finance minister delivered along the expected lines with an emphasis on the continuation of higher capital expenditure on top of the medium-term flavor of populism. We believe that the Budget has proactively set the tone for economic development in the upcoming years. It envisions a 'Viksit Bharat' by 2047, following a transformation similar to the one witnessed in the last decade. The market borrowing is projected to be ~11.75 lakh crore for FY25, and the bond market responded positively to this budgeted figure. However, there were no major announcements related to the market, making it a relatively muted event from a market perspective. Investors will need to adopt a waitand-watch approach until July 2024 when the full-fledged budget will be presented after the formation of the new government..Our Positive Budget Plays (Coverage): SBI, Bank of Baroda, Ultratech cement, Nestle, Britannia, Amber Enterprises, Praj Industries, PNC Infra, Ahluwalia Contracts (Non Coverage): Jindal Stainless, Tata Power, Waaree Renewables, Coromandel International.Click on the attachment to read the full report:.Interim Budget 2024 Review - Exhilarant Growth Claims Of Budget-25 Mask The Fiscal-Monetary Drags: Systematix.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

A Vote Stock Ideas-Of-Account-Budget Sets The Narrative Of 'Viksit Bharat': Axis Securities

Here are the post Budget analysis and stock ideas

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A Vote Stock Ideas-Of-Account-Budget Sets The Narrative Of 'Viksit Bharat': Axis Securities

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