Budget 2018 is approaching and almost all analysts have started predicting on stocks and sectors. Here we come up with top 4 sectors and their stocks to watch for:
Sector: Automobile
Stocks to Watch: Hero MotoCorp, TVS Motor Company, M&M, Bosch, Ashok Leyland
Why: Demonetization, GST, BS3 to BS4 transition, 7th pay commission
Sector: Capital Goods & Infrastructure
Stocks to Watch: Bharat Forge, Sadbhav, Bharat Electronics, L&T, KNR Construction, Ashok Buildcon, Cummins India, ABB India Siemens, Crompton Greaves
Why: Make in India, FY18 Budgetary allocation at INR 865 billion for the capital spending
Agriculture:
Stocks to Watch: PI Industries, Chambal Fertilisers, Dhanuka Agritech, Kaveri Seeds, Coromandel International
Why: Brokerage houses expect short-term farm loan limit will increase from 3 lac to 5 lac.
Sector: Cement
Stocks to Watch: UltraTech, Grasim, Shree Cement, Mangalam Cement and The Ramco Cements
Why: higher allocation in infrastructure sector: roads, metros and ports.
Keep eye on it; there are much more changes for stocks to be increased in upcoming years.