#NewDelhi: What new announcements will be made in the Union Budget 2022 for the financial year 2022-23? What will be the main attraction, how much tax will be reduced / increased and who will benefit the most? Finance Minister Nirmala Sitharaman will present the budget in Parliament on February 1. As the budget day approaches, these questions seem to be making the common man think more and more.
Starting from economists, several organizations have published their budget estimates. Recently, the well-known brokerage firm Sharekhan predicted that this year’s budget would focus on old projects instead of launching new schemes. In the eyes of the capital market, the budget is most likely to be neutral. However, in view of the forthcoming Assembly elections in five states, an attractive allocation for the common man can be seen in the budget.
According to Sharekhan, the government will try to strike a balance between economic growth and revenue consolidation that will be beneficial to the stock market. In addition, financial assistance will be provided for the recovery of sectors affected by the coronavirus.
Read more: How long does it take to create a final budget? Take a look!
Sharekhan wrote in their report, “It is estimated from various financial reports that about Rs 7.5 trillion may be allocated as capital expenditure in the budget of 2022-23, which is about 20% more than the previous financial year. 5.5 trillion was allocated for capital expenditure in 2021-22. ”
Read more: Price reduction starting from tax exemption! What will be the surprises in the budget for the housing sector?
The brokerage firm listed 15 stocks in its survey for investors, saying it would be profitable to invest in these stocks before the budget.
These stocks are-
Bharat Electronics Ltd
A few names on the stock list, such as Tata or Reliance, have always offered good returns. However, there are some names in this list whose performances in the last few quarters are not significant. Also, the reasons why these 15 shares were chosen were not mentioned. How much the predictions of Sharekhan will match will be known only after the budget comes to the fore.
Tags: Union Budget 2022
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