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Budget 2024: Experts recommend L&T, Oil India, HDFC Bank and Canfin Homes as Modi 3.0 prepares first budget

In anticipation of the upcoming Union Budget 2024, Hemal Shah from Torus ORO PMS has identified four stocks likely to benefit from potential policy announcements

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5 July 2024 11:00 PM IST

In anticipation of the upcoming Union Budget 2024, Hemal Shah from Torus ORO PMS has identified four stocks likely to benefit from potential policy announcements:

Larsen & Toubro (L&T): As a key player in infrastructure projects, L&T stands to gain from continued government spending in this sector. Its subsidiaries, such as LTIMindtree and L&T Technology Services, are also performing well, supporting its core business.

HDFC Bank: Expected to benefit from increased private sector capital expenditure, HDFC Bank, especially post-merger with HDFC Ltd, aims to strengthen its balance sheet and expand its retail portfolio.

Canfin Homes: Positioned in the affordable housing finance segment, Canfin Homes is noted for its robust asset quality and growth metrics. It anticipates sustained loan growth and stable asset quality trends.

Oil India: Engaged in oil and gas exploration and production, Oil India is diversifying into renewable energy with projects like solar power and hydrogen fuel cells, in addition to expanding its biogas footprint.

These recommendations align with expectations of sector-specific boosts from the Union Budget, reflecting market optimism towards these stocks.

L&T Oil India HDFC Canfin Homes 
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