.png)
Budget 2024: Expectations for these sectors for Investors and Traders.
Budget 2024 is an Interim Budget because of PM Election 2024. Some of the sectors were added to the wishlist for budget 2024.
Sectors to Focus in Budget 2024
Hospitality and Tourism
- Lower Interest on loans.
- Lower Electricity/Water tariff.
- GST parity for Restaurants and Dine-in Hotels.
- Central Single Window Clearance System.
Overview of Best Travel Stocks
1. IndiGo
IndiGo is thе largеst and most profitablе airlinе in India, with a markеt sharе of ovеr 50%. It operates over 1,500 flights daily to 87 dеstinations, both domеstic and international. IndiGo is known for its low-cost, high-еfficiеncy, and customеr-friеndly sеrvicе. It has a flееt of more than 327 aircraft, mostly Airbus A320s and A321s. IndiGo’s sharе pricе has risen by ovеr 150% in the past year, as it has recovered from the impact of the Covid-19 pandemic and gained markеt sharе from its competitors.
2. MakеMyTrip
MakеMyTrip is India's lеading onlinе travеl company, offеring sеrvicеs likе flights, hotеls, holidays, busеs, and morе. With 40 million customers, it operates across Southeast Asia, Europe, and North America. Its stock price surgеd 80% in the past year, benefiting from online travеl growth and post-pandemic industry recovery.
3. Indian Hotеls Company Limitеd (IHCL)
IHCL is India's largest hotеl chain, owning rеnownеd brands like Taj, Vivanta, and morе. With 200+ hotеls in 12 countries and 25,000+ rooms, IHCL offers prеmium hospitality. A 60% stock price increase in a year reflects improved operations, rеducеd dеbt, and diversified revenue streams.
4. IRCTC
IRCTC is thе solе authorizеd providеr of onlinе tickеting, catеring, and tourism sеrvicеs for Indian Railways, with additional vеnturеs likе е-catеring, hotеls, and е-commеrcе. Monopolizing corе sеctors, it еnjoys high margins and low compеtition. With a 300% surgе since its 2019 IPO, IRCTC's stock price rеflеcts substantial rеvеnuе and profit growth.
5. EIH Ltd
EIH Ltd, the flagship of the prestigious Oberoi Group, opеratеs as Obеroi Hotеls & Rеsorts and Tridеnt Hotеls. With 30+ hotеls in six countries and 5,000+ rooms, EIH is rеnownеd for sеrvicе еxcеllеncе and innovation. A 40% stock price rise in a year reflects COVID-19 recovery and expanded markеt prеsеncе.
6. Thomas Cook India
Thomas Cook India, a prominеnt travеl sеrvicеs firm, offers divеrsе offerings lіkе forеx, insurancе, visas, and corporate and leisure travel services. With 270+ locations globally, it sеrvеs 4 million customers yеarly. A 50% stock pricе incrеasе in a yеar rеflеcts portfolio divеrsification, digital platform utilization, and expansion into nеw segments likе domestic travel and staycations.
7. EasеMyTrip
EasеMyTrip, a rapidly еxpanding onlinе travеl agеncy in India, offers flight, hotеl, holiday, bus, and cab bookings. With 12+ million customers, it opеratеs across global rеgions. Since its March 2021 IPO, EasеMyTrip's stock price has surgеd 75%, reflecting robust revenue and profit growth.
8. BLS Intеrnational Sеrvicеs
BLS Intеrnational Sеrvicеs, a top tеch-basеd providеr, offеrs visa, consular, and citizеn sеrvicеs to 60+ countriеs. Covеring front-еnd, vеrification, consular, biomеtrics, and morе, it sеrvеs 18M+ customеrs annually. With a 200% stock price increase in the past year, BLS Intеrnational Sеrvicеs gainеd from new contracts, technology upgradеs, and operational efficiency enhancements.
9. SpicеJеt
SpicеJеt, India's sеcond-largеst airlinе with a 13% markеt sharе, opеratеs 600+ daily flights to 63 dеstinations, domеstic and intеrnational. Rеnownеd for low farеs and punctuality, it gainеd 30% in stock pricе ovеr thе past yеar. Its expanding routеs, flееt, cargo capacity, and post-pandеmic aviation sеctor rеvival contributed to its growth.
10. Lеmon Trее Hotеls
Lеmon Trее Hotеls, India's largеst mid-pricеd hotеl chain, opеratеs undеr Lеmon Trее Prеmiеr, Lеmon Trее Hotеls, and Rеd Fox Hotеls brands. With 80+ hotеls in 48 citiеs, it offers 8,000+ rooms, focusing on friеndly sеrvicе and sustainability. A 70% stock price rise in a year reflects powered debt, incrеasеd occupancy ratеs, and еxpansion into co-living and co-working spacеs.
Health and Pharma
- GST Parity for APIs and Formulations.
- Extension of Concessional Tax for Manufacturers.
- Reduction of GST in Healthcare and Education.
- Grant for Healthcare Training Institutes.
- Incentivise Health Insurance.
Top Pharma Companies in India: An Overview
Here is the overview of the top 10 pharma stocks in India. The following stocks are on an educational list curated above of the best pharma stocks to buy now::
1. Sun Pharmaceutical Industries Ltd
Sun Pharmaceutical Industries Ltd (Sun Pharma) is an Indian multinational pharmaceutical company with its corporate hub situated in Mumbai, Maharashtra. Globally, it ranks as the fourth largest top pharma company in india in the generic pharmaceutical sector based on revenue. Sun Pharma’s extensive product portfolio encompasses a wide spectrum of generic and branded pharmaceuticals, encompassing tablets, capsules, injectables, and topicals.
2. Divi’s Laboratories Ltd
Divi’s Laboratories Ltd is headquartered in Hyderabad, Telangana, and is a prominent player in the pharmaceutical domain. The company is renowned for its prowess in the production of active pharmaceutical ingredients (APIs) and finished dosages, with a substantial export footprint spanning more than 100 countries.
3. Dr Reddy’s Laboratories Ltd
Dr Reddy’s Laboratories Ltd (Dr Reddy’s), headquartered in Hyderabad, Telangana, is an eminent Indian multinational pharmaceutical enterprise. The company stands at the forefront of both generic and branded pharmaceutical manufacturing. Dr. Reddy also distinguishes itself with a substantial commitment to research and development in the field of novel drug formulations.
4. Cipla Ltd
Cipla Limited is a pharmaceutical company. The Company offers its products for therapeutic areas, including cardiovascular, children’s health, dermatology & cosmetology, diabetes, HIV/AIDS, infectious diseases & critical care, malaria, etc. It is also considered one of the best pharmaceutical stocks in India.
5. Apollo Hospitals Enterprise Ltd
Apollo Hospitals Enterprise Limited is a healthcare provider. The Company is engaged in offering healthcare services and operating standalone pharmacies. It is also considered to be one of the top pharmaceutical shares in India.
6. Shares in Torrent Pharmaceuticals Ltd
Torrent Pharmaceuticals Limited is engaged in the manufacture and sale of branded, as well as unbranded generic pharmaceutical products. It can be considered as one of the best pharma penny stocks in India for 2024.
7. Zydus Lifesciences Ltd
Zydus Lifesciences Ltd is an India-based life sciences company. The Company has a pipeline for Biologics and Vaccines. Zydus Lifesciences can be considered as one of the best pharma shares in India.
8. Abbott India Ltd
Abbott India is a healthcare company engaged in the pharmaceuticals business. The Company has a portfolio of offerings in diagnostics, medical devices, nutritionals, and branded generic pharmaceuticals. Abbott India has some of the best pharma stock in India.
9. Max Healthcare Institute Ltd
Max Healthcare is the provider of home healthcare services including Patient Care, Healthcare Services, and Hospitals. It is also one of the best pharma stocks in India for 2024.
10. Alkem Laboratories Ltd
Alkem Laboratories Limited is engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products. It has also been listed as one of the best pharma companies in India for 2024.
Defence and Railway Sector
- Higher Capex Outlay Likely.
- Higher Procurement of- Military Drones, Electronic Warfare Systems.
- Higher Budget allocation over the last 7 years.
- Record High allocation expected.
- Special attention to safety.
- Modernisation, Electrification and Solar Panel Installation.
- Expansion of Vande Bharat.
Top Defense Stocks India You Can Buy – Overview
In the realm of Indian defense manufacturing stocks, several key players have emerged as robust investment options. These defence engineering companies producing defence products have been on the rise for some time now. Therefore, let’s have a look at the best defence stocks to buy in India now.
1. Taneja Aerospace and Aviation Ltd:2. High Energy Batteries (India) Ltd:
3. Sika Interplant Systems Ltd:
4. Hindustan Aeronautics Ltd:
5. Data Patterns (India) Ltd:
6. Bharat Dynamics Ltd:
7. Paras Defence and Space Technologies Ltd:
8. ideaForge Technology Ltd:
9. Bharat Earth Movers Limited (BEML):
10. Cochin Shipyard Ltd:
Indian Railway Shares – An Overview of Rail Stocks in India
Railway stocks in India encompass a diverse range of companies operating within the railway industry in India. Thus, let’s look at some of the top railway shares list of companies.
1. Indian Railway Catering & Tourism Corporation (IRCTC)
It is a government-owned company that is considered among the best railway companies in India with high market capitalization. Provides catering, tourism, and online ticketing services for Indian Railways. It is one of the largest railway catering companies in the world and has expanded its services to include luxury tourist trains, hotel bookings, and various tourism packages.
2. Container Corporation of India (CONCOR)
CONCOR is a Navratna public sector undertaking under the Indian Ministry of Railways. CONCOR provides end-to-end logistics solutions, including storage, handling, and transportation of containerized cargo.
3. Indian Railway Finance Corporation (IRFC)
IRFC is a dedicated financing arm of the Indian Railways. It is responsible for raising funds to finance railway projects and infrastructure development. It primarily focuses on leasing rolling stock (locomotives, coaches, wagons) to the Indian Railways.
4. Rail Vikas Nigam (RVNL)
RVNL is a government-owned company responsible for executing railway infrastructure projects in India. It focuses on the construction of new railway lines, doubling and gauge conversion of existing tracks, and modernization of railway stations. Other than railway related shares projects, the company also undertakes projects related to the electrification of railway lines.
5. RITES Ltd
IRFC is a dedicated financing arm of the Indian Railways. It is responsible for raising funds to finance railway projects and infrastructure development. It primarily focuses on leasing rolling stock (locomotives, coaches, wagons) to the Indian Railways.
6. BEML Ltd
Bharat Earth Movers Limited is a public railway sector stock company engaged in the manufacturing of mining and construction equipment, defense products, and railway rolling stock. BEML manufactures a wide range of rolling stock, including coaches, wagons, and locomotives for the Indian railways stocks. Additionally, it is involved in the defense sector, producing a diverse range of defense and aerospace products.
7. Ircon International Limited
Ircon, a public sector company, often experiences upper circuit limits due to its strategic role in the infrastructure sector, specializing in railway and highway construction projects. As a result, positive market sentiment and demand for its services contribute to the upper circuit status.
8. Railtel Corporation of India Limited
Railtel, listed on the stock exchange, frequently hits upper circuit limits as it plays a crucial role in India’s digital transformation within the railway sector. The company’s involvement in providing high-speed internet and telecom services to the railway industry makes it a sought-after stock with growth potential, leading to upper circuit trends.
9. Titagarh Wagons
Titagarh Wagons is a leading private railway sector stocks company engaged in the manufacturing of railway wagons, coaches, and steel castings. The company specializes in freight wagons, including open and covered wagons, flat wagons, and specialized wagons for carrying specific goods. The company serves both domestic and international markets, therefore, you should definitely check for its railway share price.
10. Texmaco Rail & Engineering Ltd
Texmaco Rail & Engineering is a diversified engineering company with a strong presence in the Indian railway stock list. It operates through multiple business segments, including rail and metro systems, steel foundry, and heavy engineering. Texmaco Rail & Engineering manufactures a wide range of railway products. It also undertakes railway infrastructure projects and offers turnkey solutions for metro rail systems.
Agriculture:
- Higher Productivity.
- Digitisation.
- Strengthening post-harvest infrastructure.
- Improve Storage Infrastructure and Mandis
- Higher fertilizer procurement.
- Thrust on organic farming.
Top Agriculture Stocks in India: An Overview
Let us get to know the top agriculture stocks in India a little better now. These had been listed above as the top 10 agriculture companies in India:
1. UPL Ltd
UPL generated an impressive operating revenue of Rs. 49,381.00 Cr. in the last 12 months, boasting an outstanding annual growth rate of 16%. The pre-tax margin stands at a respectable 9%, and the return on equity (ROE) is a solid 13%. However, the company’s debt-to-equity ratio is on the higher side at 75%. It can be considered one of the best agriculture stocks in India for 2024.
2. PI Industries Ltd
PI Industries boasts an impressive operating revenue of Rs. 7,206.10 Cr. in the past year. Noteworthy figures include a remarkable 23% annual revenue growth, an excellent pre-tax margin of 22%, and an exceptional ROE of 17%. The company stands out for being debt-free and maintaining a robust balance sheet, ensuring stable earnings growth regardless of business cycles, making it one of the top 10 agriculture companies in India for 2024.
3. Coromandel International Ltd
Coromandel International earned an impressive Rs. 26,466.93 Cr. in the past year. Notably, its annual revenue surged by an outstanding 55%, while maintaining a pre-tax margin of 9%, and an exceptional ROE of 25%, making it one of the top 100 agriculture companies in India for stock market investments.
4. Bayer CropScience Ltd
Bayer CropScience achieved an impressive Rs. 5,377.20 Cr. in operating revenue over the last 12 months. With a robust annual revenue growth of 9%, a commendable pre-tax margin of 19%, and an exceptional ROE of 27%, the company’s financial performance is noteworthy. Notably, being debt-free and maintaining a strong balance sheet positions Bayer Cropscience to consistently deliver stable earnings growth regardless of business cycles, making it one of the top agriculture companies in India listed in the stock market for 2024.
5. Sumitomo Chemical India Ltd
Sumitomo Chemical India recorded a robust operating revenue of Rs. 3,032.95 Cr. in the past year, showcasing an impressive 15% annual growth. With a noteworthy pre-tax margin of 19% and an exceptional ROE of 21%, the company stands out. Notably, Sumitomo Chemical India is debt-free, boasting a strong balance sheet that contributes to consistent earnings growth, even in varying business cycles. It is one of the best agro company in India for 2024 stock market investment in agriculture sector in India.
6. Chambal Fertilizers Ltd
Chambal Fert. & Chems. generated Rs. 22,869.68 Cr. in operating revenue over the past year, reflecting an impressive annual growth of 73%. The pre-tax margin stands at a satisfactory 5%, and the return on equity (ROE) is commendable at 14%. With a reasonable debt-to-equity ratio of 25%, the company maintains a robust and healthy balance sheet.
7. BASF India Ltd
BASF India (NSE) generated Rs. 13,256.24 Cr. in operating revenue over the last 12 months. While the 4% annual revenue growth could be enhanced, the pre-tax margin stands at 4%, indicating room for improvement. On a positive note, the ROE is commendable at 14%. Notably, the company is debt-free with a robust balance sheet, ensuring consistent earnings growth irrespective of business cycles.
8. Gujarat Narmada Valley Fertilizers Chemicals Ltd
Gujarat Narmada Valley Fertilizers and Chemicals (Guj.Narmada Vly.Fcm.) generated an impressive operating revenue of Rs. 8,676.00 Cr. in the last 12 months. With an outstanding annual revenue growth rate of 20%, a commendable pre-tax margin of 19%, and a solid ROE of 16%, the company demonstrates robust financial performance. Notably, being debt-free and maintaining a strong balance sheet empowers the company to sustain stable earnings growth throughout various business cycles.
9. Fertilizers & Chemicals Travancore Ltd
Fert. & Chems. Travancore achieved a robust operating revenue of Rs. 5,866.56 Cr. in the last 12 months, boasting an impressive annual growth of 39%. With a healthy pre-tax margin of 10% and an exceptional ROE of 48%, the company operates debt-free, maintaining a robust balance sheet that supports stable earnings growth throughout business cycles.
10. Bombay Burmah Trading Corporation Ltd
Bombay Burmah Trading recorded an impressive operating revenue of Rs. 17,000.79 Cr. in the past year, reflecting a noteworthy annual growth rate of 15%. While the pre-tax margin stands at a satisfactory 7%, the ROE lags significantly at -41%, signaling a need for improvement. Notably, the company faces a concerning high debt-to-equity ratio of 106%.
Automobile
- PLI Boost likely.
- Incentive for Scrappage Policy.
- Promote R&D in the EV segment.
Overview of the Top 9 Auto Stocks in India.
Here is a brief overview of the best auto stocks to buy in India. These are the top automobiles in India that are part of the top 10 automobile stocks in India.
1. Maruti Suzuki India Ltd
Maruti Suzuki India’s impressive operating revenue stands at Rs. 130,528.40 Cr. over the past 12 months, showcasing a remarkable annual growth of 33%. With a pre-tax margin of 9% and a robust ROE of 13%, the company maintains a debt-free status and boasts a resilient balance sheet, ensuring consistent earnings growth regardless of business cycles. It is one of the top companies in the list of auto sector stocks.
2. Tata Motors Ltd
Tata Motors generated an impressive Rs. 401.79 billion in operating revenue over the past year, reflecting a remarkable 25% annual growth. However, there’s room for enhancement in the pre-tax margin, currently standing at 1%. The return on equity (ROE) is fair at 5%, but there’s potential for improvement. Notably, the company bears a high debt-to-equity ratio of 196%, posing a concern worth considering. However, it can still be considered one of the best stock in the auto sector in India for 023 investments.
3. Mahindra and Mahindra Ltd
Mahindra & Mahindra raked in an impressive operating revenue of Rs. 131,312.94 Cr. in the last 12 months. The annual revenue surged by an outstanding 34%, showcasing robust financial performance. With a healthy pre-tax margin of 10% and an exceptional ROE of 18%, the company demonstrates financial strength. However, the debt-to-equity ratio stands at a relatively higher 98%, yet it is named on our top automobile share list.
4. Eicher Motors Ltd
Eicher Motors boasts an impressive operating revenue of Rs. 15,626.22 Cr. over the past 12 months. With a remarkable annual revenue growth of 40%, a commendable pre-tax margin of 24%, and an exceptional ROE of 19%, the company demonstrates financial strength. Notably, Eicher Motors is debt-free and maintains a robust balance sheet, ensuring consistent earnings growth throughout business cycles, making it one of the best auto shares in India.
5. Bajaj Auto Ltd
Bajaj Auto generated a robust operating revenue of Rs. 39,397.92 Cr. in the past 12 months. With a commendable annual revenue growth of 9%, an impressive pre-tax margin of 20%, and an exceptional ROE of 20%, the company stands out. Notably, Bajaj Auto is debt-free, boasting a resilient balance sheet that facilitates consistent earnings growth through various business cycles., making it one of the top 5 auto stocks in India for 2024 investments.
6. Samvardhana Motherson International Ltd
Samvardhana Motherson International earned an impressive operating revenue of Rs. 88,639.04 Cr. in the last 12 months, showcasing a remarkable annual growth rate of 23%. Although the pre-tax margin is currently at 3%, indicating room for enhancement, the 6% ROE is fair but could be improved. Maintaining a reasonable debt-to-equity ratio of 29%, the company exhibits a healthy balance sheet, landing it on our auto sector stock list.
7. TVS Motor Company Ltd
TVS Motor generated a robust operating revenue of Rs. 35,085.86 Cr. in the past 12 months, showcasing an impressive annual growth rate of 32%. The pre-tax margin stands at a respectable 6%, and the return on equity (ROE) is an exceptional 24%. However, the company’s elevated debt-to-equity ratio of 165% may raise concerns. However, it is still considered as one of the best stocks in auto sector in India for 2024 investments.
8. Hero MotoCorp Ltd
Hero Motocorp generated an impressive operating revenue of Rs. 34,936.69 Cr. in the last 12 months. With a remarkable annual revenue growth of 15%, a healthy pre-tax margin of 11%, and a commendable ROE of 16%, the company maintains a debt-free status. Its robust balance sheet empowers Hero Motocorp to sustain stable earnings growth throughout business cycles, landing it on the top auto share list.
9. Tube Investments of India Ltd
Tube Investments Of India Ltd generated an impressive operating revenue of Rs. 13,311.62 Cr. in the last 12 months. Noteworthy metrics include a remarkable 20% annual revenue growth, a healthy pre-tax margin of 11%, and an exceptional return on equity (ROE) of 24%. The company maintains a sound balance sheet with a reasonable debt-to-equity ratio of 1%, making it also one of the best auto sector stocks in India.
Real Estate
- Home loan interest slab might improve for ITR computation.
- Boost for Affordable Housing.
- Simple Tax Structure for REITs.
Overview of Best Real Estate Stocks in India
1. DLF Ltd
DLF Ltd is a prominent real estate development company in India, specializing in the development of residential, commercial, hospitality, and retail properties. The real estate giant is also engaged in leasing, power generation, maintenance services, and recreational activities.
DLF's portfolio includes the infamous DLF Emporio Mall and DLF Cyberhub. Encompassing duplexes, condominiums, row houses, and apartments, the company has a strong presence in multiple Indian states, including the metro cities Delhi, Haryana, and Maharashtra. Besides development, DLF also manages two hotels: The Lodhi and Hilton Garden Inn.
2. Godrej Properties Ltd
A subsidiary of Godrej Industries Ltd, Godrej Properties Ltd is known for constructing and developing residential, commercial, industrial, and township properties. Its residential offerings range from 1 BHK and 2 BHK homes to villas and multi-storied apartments. Godrej Properties has made a name for itself with projects like The Trees and Godrej 101 and integrated townships like Godrej Garden City in Ahmadabad. The company's operations span across India and extend internationally to Dubai, the US, and Singapore.
3. Oberoi Realty Ltd
Oberoi Realty Ltd focuses on premium residential, commercial, hospitality, retail, and social infrastructure projects. Known for major projects like Oberoi Splendor and Prisma by Oberoi Realty, the company has a significant footprint across India. Oberoi Realty's offerings include a mix of commercial spaces such as offices, malls, and high-end residential properties. Headquartered in Mumbai, the company is a key player in the Indian real estate market.
4. Prestige Estates Projects Ltd
Prestige Estates operates predominantly in South India. The company is engaged in the development and construction of properties, leasing of offices, and retail properties. Prestige has maintained dominance in the real estate sector in Bengaluru and has a significant presence in Chennai and Hyderabad.
Prestige has completed 112 office projects and developed landmark hotels like JW Marriott Bengaluru Prestige Golfshire and Sheraton Grand, reflecting its focus on high-end and luxury segments. The company is known for its condominiums, duplexes, and row houses.
5. Phoenix Mills Ltd
An investment holding company, Phoenix Mills Ltd engages in the development, management, and sales of a variety of real estate assets. Its portfolio includes shopping malls, entertainment centers, commercial spaces, and hospitality assets. The company's notable projects include Phoenix Palladium and Phoenix Marketcity. Phoenix Mills operates in several key Indian cities, including Mumbai, Chennai, and Bangalore, showcasing a robust pan-Indian presence.
6. Brigade Enterprises Ltd
Brigade Enterprises Ltd is a well-known property development company. It constructs and develops a broad spectrum of projects, ranging from residential and commercial to educational, retail, and hospitality. Brigade Enterprises offers hospitality and leasing services with residential projects in cities like Bangalore and Hyderabad. The company's commercial and retail projects span various cities in India, including Bangalore, Kochi, and Mysore, with its headquarters in Bangalore, Karnataka.
.png)
