Winning Strokes: Think Different 

The Indian markets are on a roll, after the Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 which focused on employment, skilling, MSMEs, and the middle class. The rally in the coming days is expected to become more broad-based -- picking up momentum in the small and mid cap space. The two very important development we witness in the budget 2024 are:

💢Provision of Rs 11.11 lakh crore (3.4% of GDP) for capital expenditure.

💢Aiming to reduce the fiscal deficit below 4.5% next year and and maintaining a declining central government debt-to-GDP ratio from 2026-27 onwards.

Proposing an investment of Rs 10 lakh crore, including Rs.2.2 lakh crore in central assistance, over the next five years under PM Awas Yojana Urban 2.0 to address the housing needs of 1 crore urban poor and middle-class families. This is positive for the real estate companies which are into affordable housing.

Post Budget 2024, the mutual fund managers have been recommending three sectors where you can park your fund: 

💢 Infrastructure.

💢Banks and Financial Sector.

💢 Consumption.

I have already recommended few stocks in the space among them are: J P Associates (Rs.8.50), Reliance Infrastructure (Rs.190.70),  Paytm Ltd (Rs. 494.55), Dhanlaxmi Bank Ltd (Rs.43.13) and Parsvnath Developers Ltd (Rs.11.97). 

My old recommendation, A2Z Infra Engineering Ltd (Rs.19.46) around Rs.5, has already given multibagger returns. I recommended when the ace Investor Shankar Sharma had just exited his holding in the company.

In the consumption story the stocks like: Rajesh Exports Ltd (Rs.313.40) and Vodafone Idea Ltd (Rs.15.98), Sarthak Industries Ltd (Rs.22.83), Eros International Media Ltd (Rs.19.40) is coming to my mind at the moment. These are my old recommendations. I'm expecting the scrip of Rajesh Exports to start doing well from H2FY25.

Meanwhile, Narendra Modi government who is a major stake holder in the company is making a killing in the shares of Vodafone Idea Ltd. It acquired its stake in Vodafone Idea Ltd at ₹10 per share, above the then market price of ₹6.85; as per Companies Act regulations. It was a very prudent move of the NDA government at the correct juncture.

The markets are expected to maintain positive momentum in the coming days, with the rally slowly turning into broad-based. The investors are suggested to cut down on speculation and buy scrips which has a story to tell.