NTPC, HAL, and Mazagon Dock shares are the equities to keep an eye on when the Budget 2024 announcement is made.

Let’s talk about infrastructure and power companies like Tata Power, Powergrid, NTPC, and L&T. This time, with the emphasis on public capital expenditure, pay attention to these stocks.

Next, let’s talk about FMCG stocks, like Dabur, Britannia, Marico, and HUL. The main assumption is a larger allocation to promote consumption in rural areas, since over 35% of FMCG sales occur in rural India.

The stocks of Can Fin Homes, PNB Housing, and Homefirst Finance, which offer affordable housing, are the next to be watched. The government may introduce a new five-year, ₹60,000 crore interest subsidy programme for the urban poor and middle class, according to reports.

Next are green mobility companies, such as Tata Motor, M&M, and Bajaj Auto, whose launch of the FAME III plan for electric and hybrid cars may be beneficial.

Lastly, examine defense equities such as Paras Defence, Bharat Forge, Mazagon Dock, HAL, and BEL. These equities may profit from greater defense spending allocations.

On Tuesday, July 23, Union Finance Minister Nirmala Sitharaman will submit both the first Budget of Modi 3.0 and her eighth Union Budget. The pre-Budget Economic Survey predicted growth of 6.5–7% for the 2024–2025 fiscal year.