The upcoming Union Budget — which comes immediately following a once-in-a-century pandemic — will be eyed with high hopes, as market participants will expect some thrust to the economy, which is on a recovery path.
The Finance Ministry has already said it will focus on spending, which, if delivered on February 1, means many companies could be in for a sweet ride ahead as any capex by the government will be routed through India Inc.
“Many of the key themes in the Budget will revolve around COVID-19, either directly on health issues (vaccines) or regulatory support to most affected sectors (such as hospitality, retail, aviation etc.). In addition, infrastructure, agriculture, the social sector and promotion of domestic manufacturing, alongside incentives to boost construction and housing, are likely to be in focus,” says Sonal Verma, economist at Nomura.
Here are a few stocks that may be in focus in the next one week, according to Axis Capital:
