PFC, REC, RVNL among 97 stocks in focus ahead of Union Budget by BofA Securities
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Stocks in Focus
Global brokerage firm BofA Securities expects $6.6 billion worth of allocations to stimulate state capex, $9.6 billion towards populism to boost consumption and no change to FY25 fiscal deficit target at 5.1%.
Going into the budget, the global brokerage firm expects staples & autos and capex facing sectors such as mortgage/power financiers, industrials, cement, hospitals and metals sector to benefit, while they remain cautious on real estate, brokerages and depositories.
Here is a list of sector and stocks by BofA Securities that are exposed to the budget theme:
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Power and Housing Financiers
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Industrials
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Cement
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Metals and Mining
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Staples
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Autos (2W & CVs)
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Financial Intermediaries
With inputs from Ritesh Presswala
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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