Tag Archives: Energy Sector Stocks

Top PSU Stocks in India: Investment Opportunities for 2024

Public Sector Undertakings (PSUs) have long been a cornerstone of the Indian economy, playing a significant role in sectors ranging from energy to banking. Despite various challenges, PSU stocks have remained a popular choice for investors seeking stable returns and long-term growth.

Here’s a look at some of the top PSU stocks in India to consider for 2024.

1. Oil and Natural Gas Corporation (ONGC)

Oil and Natural Gas Corporation (ONGC) logo with text highlighting its position as India's largest oil and gas exploration and production company.
Oil and Natural Gas Corporation (ONGC): India’s largest oil and gas exploration and production company.

Introduction:

Oil and Natural Gas Corporation (ONGC) is a leading Indian multinational oil and gas company headquartered in New Delhi. Established in 1956, ONGC is involved in the exploration, development, and production of crude oil and natural gas. It also engages in refining and marketing petroleum products and has ventures in renewable energy sources like wind and solar power.

Market Capitalization:

As of today, ONGC’s market capitalization stands at approximately ₹3.90 trillion.

Last Three Years’ Return:

Over the past three years, ONGC has delivered a remarkable return of approximately 168.84%. This performance significantly outpaces the broader market indices, reflecting the company’s strong operational and financial growth.

Additional Information:

  • Revenue and Profit: For the fiscal year ending March 2024, ONGC reported a revenue of ₹1.67 trillion and a net income of ₹101.07 billion.
  • Dividend Yield: ONGC is known for its attractive dividend yield, which currently stands at 4.26%.
  • Sustainability Initiatives: ONGC is also investing in renewable energy projects, including wind and solar power, to diversify its energy portfolio and contribute to sustainable development.

2. NTPC Limited

NTPC Limited logo representing India's largest power generation company specializing in thermal and renewable energy.
NTPC Limited: India’s largest power generation company with a focus on thermal and renewable energy.

Introduction:

NTPC Limited, established in 1975, is India’s largest energy conglomerate. Headquartered in New Delhi, NTPC is primarily involved in the generation and sale of electricity to state power utilities. The company operates through various segments, including coal, gas, hydro, solar, nuclear, wind, and other renewable energy sources. NTPC also engages in energy trading, oil and gas exploration, and coal mining activities.

Market Capitalization:

As of today, NTPC’s market capitalization is approximately ₹4.06 trillion.

Last Three Years’ Return:

Over the past three years, NTPC has delivered an impressive return of approximately 230.66%. This strong performance highlights the company’s robust growth and strategic initiatives in the energy sector.

Additional Information:

  • Revenue and Profit: For the fiscal year ending March 2024, NTPC reported a revenue of ₹1.83 trillion and a net profit of ₹19,384 crore.
  • Dividend Yield: NTPC offers a dividend yield of 3.28%.
  • Sustainability Initiatives: NTPC is actively investing in green energy projects, including solar and wind power, to enhance its renewable energy portfolio and support sustainable development.

3. Indian Oil Corporation (IOC)

Indian Oil Corporation (IOC) logo, showcasing its role as a major player in refining, distribution, and marketing of petroleum products in India.
Indian Oil Corporation (IOC): Leading in refining, distribution, and marketing of petroleum products in India.

Introduction:

Indian Oil Corporation (IOC) is India’s largest commercial enterprise, established in 1959 and headquartered in New Delhi. The company is involved in the refining, transportation, and marketing of petroleum products. It also engages in the exploration and production of crude oil and natural gas, as well as the production of petrochemicals. IOC plays a crucial role in meeting India’s energy demands and has a significant presence in the global energy market.

Market Capitalization:

As of today, IOC’s market capitalization is approximately ₹2.50 trillion.

Last Three Years’ Return:

Over the past three years, IOC has delivered a return of approximately 157.81%. This performance reflects the company’s resilience and strategic initiatives in the energy sector.

Additional Information:

  • Revenue and Profit: For the fiscal year ending March 2024, IOC reported a revenue of ₹1.94 trillion and a net profit of ₹35.28 billion.
  • Dividend Yield: IOC offers a dividend yield of 6.77%.
  • Sustainability Initiatives: IOC is actively investing in renewable energy projects, including solar and wind power, to diversify its energy portfolio and support sustainable development.

4. Power Grid Corporation of India Limited (POWERGRID)

Power Grid Corporation of India Limited (PGCIL) logo, representing India's leading company in power transmission infrastructure and network management.
Power Grid Corporation of India Limited (PGCIL): Leading the way in power transmission and infrastructure management in India.

Introduction:

Power Grid Corporation of India Limited (POWERGRID) is a state-owned electric utility company established in 1989 and headquartered in Gurugram, India. The company is primarily engaged in the transmission of electricity across India. POWERGRID operates a vast network of transmission lines and substations, ensuring reliable and efficient power supply. It also provides consultancy services in the power sector and operates a telecom business under the brand name POWERTEL.

Market Capitalization:

As of today, POWERGRID’s market capitalization is approximately ₹3.24 trillion.

Last Three Years’ Return:

Over the past three years, POWERGRID has delivered an impressive return of approximately 221.98%. This strong performance underscores the company’s robust growth and strategic initiatives in the power transmission sector.

Additional Information:

  • Revenue and Profit: For the fiscal year ending March 2024, POWERGRID reported a revenue of ₹1.10 trillion and a net profit of ₹37.24 billion.
  • Dividend Yield: POWERGRID offers a dividend yield of 3.22%.
  • Sustainability Initiatives: POWERGRID is actively investing in green energy projects and enhancing its transmission infrastructure to support the integration of renewable energy sources.

5. Bharat Petroleum Corporation Limited (BPCL)

Introduction:

Bharat Petroleum Corporation Limited (BPCL) is a leading public sector undertaking (PSU) in India, established in 1952 and headquartered in Mumbai. BPCL is engaged in the refining, transportation, and marketing of petroleum products. The company operates through two main segments: Downstream Petroleum and Exploration and Production of Hydrocarbons. BPCL also has a significant presence in the natural gas business and is involved in the production of petrochemicals.

Market Capitalization:

As of today, BPCL’s market capitalization is approximately ₹1.48 trillion.

Last Three Years’ Return:

Over the past three years, BPCL has delivered a return of approximately 34.8%. This performance reflects the company’s efforts to navigate market challenges and capitalize on growth opportunities in the energy sector.

Additional Information:

  • Revenue and Profit: For the fiscal year ending March 2024, BPCL reported a revenue of ₹1.94 trillion and a net profit of ₹26.86 billion.
  • Dividend Yield: BPCL offers a dividend yield of 6.27%.
  • Sustainability Initiatives: BPCL is actively investing in renewable energy projects, including solar and wind power, to diversify its energy portfolio and support sustainable development.

6. Steel Authority of India Limited (SAIL)

Introduction:

Steel Authority of India Limited (SAIL) is a leading steel-making company in India, established in 1954 and headquartered in New Delhi. It is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive, and defense industries, as well as for export markets. SAIL operates and owns five integrated steel plants and three special steel plants across India.

Market Capitalization:

As of today, SAIL’s market capitalization is approximately ₹564.31 billion.

Last Three Years’ Return:

Over the past three years, SAIL has delivered a return of approximately 16.97%. This performance reflects the company’s efforts to navigate market challenges and capitalize on growth opportunities in the steel sector.

Additional Information:

  • Revenue and Profit: For the fiscal year ending March 2024, SAIL reported a revenue of ₹1.06 trillion and a net profit of ₹30.67 billion.
  • Dividend Yield: SAIL offers a dividend yield of 0.92%.
  • Sustainability Initiatives: SAIL is actively investing in green technologies and modernizing its facilities to enhance efficiency and reduce environmental impact.

7. GAIL (India) Limited

Introduction:

GAIL (India) Limited, formerly known as Gas Authority of India Limited, is a state-owned energy corporation established in 1984 and headquartered in New Delhi. GAIL is India’s leading natural gas company with diversified interests across the natural gas value chain, including trading, transmission, LPG production and transmission, LNG re-gasification, petrochemicals, city gas distribution, and exploration and production. The company also has a significant presence in renewable energy sectors such as solar and wind power.

Market Capitalization:

As of today, GAIL’s market capitalization is approximately ₹1.55 trillion.

Last Three Years’ Return:

Over the past three years, GAIL has delivered a robust return of approximately 190.64%. This performance highlights the company’s strong growth and strategic initiatives in the energy sector.

Additional Information:

  • Revenue and Profit: For the fiscal year ending March 2024, GAIL reported a revenue of ₹1.34 trillion and a net profit of ₹99.03 billion.
  • Dividend Yield: GAIL offers a dividend yield of 2.45%.
  • Sustainability Initiatives: GAIL is actively investing in green energy projects, including hydrogen blending, solar, and wind power, to diversify its energy portfolio and support sustainable development.

8. Container Corporation of India Limited (CONCOR)

Introduction:

Container Corporation of India Limited (CONCOR) is a leading logistics and transportation company in India, established in 1988 and headquartered in New Delhi. The company primarily provides inland transportation of containers by rail and road. CONCOR also manages ports, air cargo complexes, and cold chains, offering a wide range of logistics services, including warehousing, container parking, and repair facilities.

Market Capitalization:

As of today, CONCOR’s market capitalization is approximately ₹1.02 trillion.

Last Three Years’ Return:

Over the past three years, CONCOR has delivered a return of approximately 45.67%. This performance reflects the company’s strategic initiatives and growth in the logistics sector.

Additional Information:

  • Revenue and Profit: For the fiscal year ending March 2024, CONCOR reported a revenue of ₹8.67 billion and a net profit of ₹2.34 billion.
  • Dividend Yield: CONCOR offers a dividend yield of 1.85%.
  • Sustainability Initiatives: CONCOR is actively investing in green logistics solutions, including the use of electric vehicles and renewable energy sources, to enhance sustainability and reduce its carbon footprint.

9. Hindustan Petroleum Corporation Limited (HPCL)

Introduction:

Hindustan Petroleum Corporation Limited (HPCL) is a major Indian public sector undertaking in the petroleum and natural gas industry. Established in 1952 and headquartered in Mumbai, HPCL is a subsidiary of Oil and Natural Gas Corporation (ONGC). The company is involved in refining, marketing, and distribution of petroleum products, as well as the exploration and production of hydrocarbons. HPCL operates a vast network of retail outlets, LPG distributorships, and EV charging stations across India.

Market Capitalization:

As of today, HPCL’s market capitalization is approximately ₹827.19 billion.

Last Three Years’ Return:

Over the past three years, HPCL has delivered a return of approximately 123.58%. This performance reflects the company’s resilience and strategic initiatives in the energy sector.

Additional Information:

  • Revenue and Profit: For the fiscal year ending March 2024, HPCL reported a revenue of ₹4.63 trillion and a net profit of ₹16.01 billion.
  • Dividend Yield: HPCL offers a dividend yield of 5.44%.
  • Sustainability Initiatives: HPCL is actively investing in renewable energy projects, including wind and solar power, to diversify its energy portfolio and support sustainable development.

10. Coal India Limited (CIL)

Introduction:

Coal India Limited (CIL) is an Indian central public sector undertaking under the ownership of the Ministry of Coal, Government of India. Established in 1975 and headquartered in Kolkata, CIL is the largest coal-producing company in the world. It operates through its subsidiaries in 84 mining areas across eight states in India, producing a wide range of coal products for various industries, including power generation, steel, cement, and more.

Market Capitalization:

As of today, CIL’s market capitalization is approximately ₹3.12 trillion.

Last Three Years’ Return:

Over the past three years, CIL has delivered a return of approximately 266.02%. This impressive performance highlights the company’s strong market position and operational efficiency.

Additional Information:

  • Revenue and Profit: For the fiscal year ending March 2024, CIL reported a revenue of ₹1.50 trillion and a net profit of ₹37.37 billion.
  • Dividend Yield: CIL offers a dividend yield of 5.11%.
  • Sustainability Initiatives: CIL is actively investing in sustainable mining practices and technologies to reduce its environmental impact and enhance operational efficiency.

11. Indian Railway Finance Corporation (IRFC)

Introduction:

Indian Railway Finance Corporation (IRFC) is the dedicated financing arm of the Indian Railways, established in 1986 and headquartered in New Delhi. The company is responsible for raising financial resources for the expansion and operation of the Indian Railways through capital markets and other borrowings. IRFC is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Government of India.

Market Capitalization:

As of today, IRFC’s market capitalization is approximately ₹2.34 trillion.

Last Three Years’ Return:

Over the past three years, IRFC has delivered a return of approximately 27.59%. This performance reflects the company’s strategic initiatives and growth in the financial sector.

Additional Information:

  • Revenue and Profit: For the fiscal year ending March 2024, IRFC reported a revenue of ₹26,644 crore and a net profit of ₹6,452 crore.
  • Dividend Yield: IRFC offers a dividend yield of 0.85%.
  • Sustainability Initiatives: IRFC is actively investing in sustainable financing practices to support the development of green and efficient railway infrastructure.

 

 

Best Stocks to Pick on Union Budget 2024

The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, has brought forth several opportunities for investors. Certain sectors and stocks are poised to benefit significantly with a focus on growth and reforms.

Here’s a look at some of the best stocks to Pick on Union Budget 2024

1. Infrastructure Sector:

Larsen & Toubro (L&T) logo, featuring the iconic L&T letters intertwined in a circular design, represents one of India's leading infrastructure companies and a top pick for Best Stocks to Pick on Union Budget 2024.
Infrastructure sector is booming with stocks like L&T, NCC, KNR Construction, and more leading the charge.

The Union Budget 2024 has placed a significant emphasis on infrastructure development, recognizing it as a cornerstone for economic growth. The government’s continued focus on the National Infrastructure Pipeline (NIP) and increased capital expenditure is expected to drive substantial growth in this sector.

Potential Budget Impact

  1. Increased Capital Expenditure: The budget has allocated substantial funds for infrastructure projects, including roads, railways, and urban development. This is expected to boost economic activity and create jobs.
  2. Public-Private Partnerships (PPP): Encouragement of PPP models to leverage private sector efficiency and investment in public infrastructure projects.
  3. Green Infrastructure: Emphasis on sustainable and green infrastructure projects, aligning with global trends towards sustainability.

Top Stocks to Focus On

  1. Larsen & Toubro (L&T): As India’s largest engineering and construction company, L&T is well-positioned to benefit from increased public capital expenditure. Its diversified portfolio, including projects in defence and renewable energy, makes it a robust choice.
  2. IRB Infrastructure Developers: Known for its efficiency in road development, IRB is expected to gain from the government’s focus on improving road connectivity.
  3. Power Grid Corporation of India: A leading electric power transmission company, Power Grid is set to benefit from increased investments in the power sector.
  4. NTPC Limited: India’s largest energy conglomerate, NTPC, is expected to gain from the government’s focus on expanding power generation capacity.
  5. GMR Infrastructure: Known for its airport and energy projects, GMR Infrastructure is likely to see growth with the government’s push for infrastructure development.
  6. Adani Ports and Special Economic Zone (APSEZ): As India’s largest private multi-port operator, APSEZ stands to benefit from increased trade and port modernization initiatives.
  7. Dilip Buildcon: A major player in road construction, Dilip Buildcon is expected to gain from the government’s focus on enhancing road infrastructure.
  8. Ahluwalia Contracts: Specializing in construction and engineering, Ahluwalia Contracts is poised to benefit from increased infrastructure spending.
  9. KNR Constructions: Known for its road and highway projects, KNR Constructions is expected to see growth from the government’s infrastructure initiatives.
  10. PNC Infratech: With a strong presence in road and highway construction, PNC Infratech is well-positioned to capitalize on the budget’s focus on infrastructure.

2. Defence Sector

An image of modern military equipment and personnel, representing the Defence Sector, highlighting the Best Stocks to Pick on Union Budget 2024.
Defence Sector highlights, showcasing modern military equipment and strategic investments, key stocks to consider for Union Budget 2024.

The Union Budget 2024 has placed a significant emphasis on the defence sector, recognizing its importance for national security and economic growth. The government’s focus on modernization and indigenization of defence equipment is expected to drive substantial growth in this sector.

Potential Budget Impact

  1. Increased Budget Allocation: The budget has allocated a higher amount for defence capital expenditure, which is expected to boost the procurement of advanced equipment and technology.
  2. Indigenization and ‘Make in India’: Emphasis on self-reliance in defence production, encouraging domestic companies to participate in defence manufacturing.
  3. Research and Development: Increased funding for R&D in defence technology to foster innovation and reduce dependency on imports.

Top Stocks to Focus On

  1. Hindustan Aeronautics Limited (HAL): As India’s largest aerospace and defence company, HAL has a robust order book and is expected to secure more orders for its products.
  2. Bharat Electronics Limited (BEL): A leading defence electronics company, BEL is poised to benefit from rising demand for its products from both domestic and export markets.
  3. Bharat Dynamics Limited (BDL): Specializing in missile systems, BDL is expected to gain from increased defence spending and modernization efforts.
  4. Cochin Shipyard Limited: Known for its shipbuilding and repair capabilities, Cochin Shipyard is likely to benefit from the government’s focus on enhancing naval capabilities.
  5. Mazagon Dock Shipbuilders Limited: A major player in shipbuilding, Mazagon Dock is expected to see growth with the government’s push for indigenization and modernization of naval forces.
  6. Solar Industries India Limited: Specializing in explosives and ammunition, Solar Industries is set to benefit from increased defence procurement.
  7. Astra Microwave Products Limited: Known for its expertise in microwave components, Astra Microwave is expected to gain from the increased focus on advanced defence technologies.
  8. Garden Reach Shipbuilders & Engineers Limited: With a strong order book and expertise in shipbuilding, Garden Reach is well-positioned to capitalize on the budget’s initiatives.
  9. Data Patterns (India) Limited: Specializing in electronic systems for defence and aerospace, Data Patterns is expected to benefit from increased defence spending.
  10. Paras Defence and Space Technologies Limited: Known for its defence and space engineering capabilities, Paras Defence is poised to gain from the government’s focus on indigenization.

3. Energy Sector

An image depicting energy infrastructure, including power plants and renewable energy sources, representing the Energy Sector and its significance in the context of Best Stocks to Pick on Union Budget 2024.
Energy Sector highlights, featuring power plants and renewable energy sources, key stocks to watch for Union Budget 2024.

The Union Budget 2024 has placed a significant emphasis on the energy sector, recognizing its critical role in driving economic growth and sustainability. The government’s focus on both traditional and renewable energy sources is expected to create substantial opportunities for growth and investment.

Potential Budget Impact

  1. Increased Investment in Renewable Energy: The budget has allocated significant funds to boost renewable energy projects, including solar, wind, and hydroelectric power. This aligns with India’s commitment to achieving its climate goals and reducing carbon emissions.
  2. Support for Traditional Energy Sources: Despite the push for renewables, the budget also recognizes the importance of traditional energy sources like coal, oil, and natural gas, ensuring a balanced energy mix.
  3. Infrastructure Development: Enhanced infrastructure for energy distribution and storage, including smart grids and energy storage systems, is a key focus area.
  4. Incentives for Green Energy: Tax incentives and subsidies for companies investing in green energy projects are expected to drive growth in this sector.

Top Stocks to Focus On

  1. Adani Green Energy: A leading player in the renewable energy space, Adani Green Energy is expected to benefit from government incentives and increased investment in solar and wind projects.
  2. Tata Power: With a strong focus on renewable energy projects, Tata Power is well-positioned to capitalize on the budget’s green energy initiatives.
  3. NTPC Limited: India’s largest energy conglomerate, NTPC, is expected to gain from the government’s focus on expanding power generation capacity, including renewable energy sources.
  4. Power Grid Corporation of India: A leading electric power transmission company, Power Grid is set to benefit from increased investments in the power sector and infrastructure development.
  5. Reliance Industries: With its diversified energy portfolio, including significant investments in renewable energy, Reliance Industries is poised to benefit from the budget’s focus on energy sustainability.
  6. Coal India Limited: As the largest coal producer in India, Coal India is expected to benefit from continued support for traditional energy sources.
  7. Indian Oil Corporation (IOC): A major player in the oil and gas sector, IOC is likely to see growth with the government’s balanced approach to energy investments.
  8. JSW Energy: Known for its diversified energy portfolio, including thermal and renewable energy, JSW Energy is well-positioned to capitalize on the budget’s initiatives.
  9. Suzlon Energy: A key player in the wind energy sector, Suzlon Energy is expected to benefit from increased investment in renewable energy projects.
  10. Sterling and Wilson Solar: Specializing in solar energy projects, Sterling and Wilson Solar is poised to gain from the government’s push for solar power development.

4. FMCG Sector

An image of various fast-moving consumer goods (FMCG) products on store shelves, representing the FMCG Sector and its relevance for Best Stocks to Pick on Union Budget 2024.
FMCG Sector highlights, featuring a range of popular consumer goods, key stocks to consider for Union Budget 2024.

The Union Budget 2024 has placed a significant emphasis on boosting rural consumption and supporting low-income households, which is expected to have a positive impact on the Fast-Moving Consumer Goods (FMCG) sector. The government’s focus on increasing disposable income and enhancing rural development is likely to drive growth in this sector.

Potential Budget Impact

  1. Increased Rural Spending: The budget has allocated substantial funds for rural development and social sector schemes, which are expected to boost rural consumption and drive demand for FMCG products.
  2. Tax Relief and Incentives: Potential tax cuts, expansion in tax slabs, and increased limits for tax-saving investments under Section 80C are likely to increase disposable income, benefiting FMCG companies.
  3. Support for Domestic Production: Incentives to boost domestic production of essential commodities could help reduce raw material costs for FMCG companies.
  4. Infrastructure Development: Enhanced infrastructure in rural areas, including better connectivity and storage facilities, is expected to improve the distribution and reach of FMCG products.

Top Stocks to Focus On

  1. Hindustan Unilever Limited (HUL): As a major player in the FMCG sector, HUL is expected to see increased demand from rural areas due to higher disposable income and improved infrastructure.
  2. Dabur India: Known for its strong presence in the rural market, Dabur is likely to benefit from the government’s focus on boosting rural consumption.
  3. Godrej Consumer Products: With a diverse product portfolio and strong rural presence, Godrej Consumer Products is well-positioned to capitalize on the budget’s initiatives.
  4. Nestle India: A leading player in the FMCG sector, Nestle India is expected to gain from increased consumer spending and improved rural infrastructure.
  5. Marico: Known for its popular brands in the hair care and edible oil segments, Marico is likely to benefit from higher rural demand and increased disposable income.
  6. ITC Limited: Despite potential challenges from increased excise duty on cigarettes, ITC’s diversified FMCG portfolio is expected to benefit from the budget’s focus on rural development.
  7. Britannia Industries: With a strong presence in the bakery and dairy segments, Britannia is well-positioned to capitalize on increased rural consumption.
  8. Colgate-Palmolive (India): Known for its oral care products, Colgate-Palmolive is expected to benefit from higher rural demand and improved distribution networks.
  9. Emami Limited: With a strong focus on personal care products, Emami is likely to see growth from increased rural spending and enhanced infrastructure.
  10. Procter & Gamble Hygiene and Health Care: A major player in the health and hygiene segment, P&G is expected to benefit from the budget’s initiatives to boost rural consumption and improve infrastructure.

5. Affordable Housing

The Union Budget 2024 has placed a significant emphasis on affordable housing, recognizing its importance for social stability and economic growth. The government’s focus on providing housing for all and supporting low-income households is expected to drive substantial growth in this sector.

Potential Budget Impact

  1. New Interest Subsidy Scheme: The budget is expected to introduce a new ₹60,000 crore interest subsidy scheme for urban poor and middle-class homebuyers. This scheme aims to make housing more affordable by offering interest subvention on home loans.
  2. Increased Allocation for Housing Projects: Significant funds have been allocated for affordable housing projects under the Pradhan Mantri Awas Yojana (PMAY), aiming to achieve the goal of ‘Housing for All’ by 2024.
  3. Tax Incentives: Potential tax benefits for both homebuyers and developers to encourage investment in affordable housing.
  4. Infrastructure Development: Enhanced infrastructure in urban and semi-urban areas to support new housing projects, including better connectivity and amenities.

Top Stocks to Focus On

  1. Can Fin Homes: With a focus on affordable housing finance, Can Fin Homes is expected to benefit from the new subsidy scheme and increased demand for home loans.
  2. PNB Housing Finance: Another key player in the affordable housing finance sector, PNB Housing Finance is well-positioned to capitalize on the budget’s initiatives.
  3. Home First Finance Company India Limited: Specializing in affordable housing finance, Home First Finance is likely to see growth from increased government support and demand.
  4. Housing Development Finance Corporation (HDFC): As one of the largest housing finance companies in India, HDFC is expected to benefit from the overall growth in the housing sector.
  5. Godrej Properties: Known for its focus on affordable and mid-income housing projects, Godrej Properties is well-positioned to capitalize on the budget’s initiatives.
  6. Prestige Estates Projects: With a strong presence in the affordable housing segment, Prestige Estates is likely to benefit from increased government support and demand.
  7. Sobha Limited: Known for its quality construction and affordable housing projects, Sobha Limited is expected to see growth from the budget’s focus on housing.
  8. Brigade Enterprises: With a diversified portfolio including affordable housing, Brigade Enterprises is well-positioned to benefit from the budget’s initiatives.
  9. Oberoi Realty: Although primarily known for luxury projects, Oberoi Realty’s foray into affordable housing could benefit from the government’s focus on this segment.
  10. DLF Limited: As one of the largest real estate developers in India, DLF’s initiatives in affordable housing are expected to gain from the budget’s focus on housing for all.

Disclaimer

The information provided in this blog is for informational purposes only and does not constitute financial advice. The stocks mentioned are based on the potential impact of the Union Budget 2024 and are not recommendations to buy or sell. Investing in the stock market involves risks, including the loss of principal. It is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. The author and publisher are not responsible for any financial losses or damages that may result from the use of this information.