How Will the Budget Impact the Stock Market? Top Picks From Akshat Shrivastava
In this video, financial analyst Akshat Shrivastava dives into the impact of the budget on the stock market. He analyzes the budget and shares his thoughts on various themes he’s bullish on, along with some specific stock picks.
Key Takeaways
- Do Your Own Research: Shrivastava emphasizes the importance of conducting your own analysis before making any investment decisions.
- The Government’s Focus: The speaker explains that the budget serves as a tool for the government to achieve its objectives. In India’s current scenario, addressing job creation and inflation are key priorities.
- Shifting Focus: Shrivastava anticipates the government to prioritize digital infrastructure development over physical infrastructure in the near future.
Bullish Themes and Stock Picks
Based on his analysis, Shrivastava is bullish on the following themes:
- Agricultural Theme: The agricultural sector is expected to benefit from the government’s focus on job creation and rural development. Pi Industries, a well-established company with strong financials, is Shrivastava’s pick from this theme.
- IT Stocks: The information technology sector is poised for continued growth. TCS, with its favorable technical pattern, and Infosys, having potentially overcome its recent challenges, are Shrivastava’s top choices.
- Green Energy Theme: India’s commitment to reducing its reliance on conventional energy sources positions the green energy sector for significant growth. SWELECT Solar is a promising pick within this theme, considering India’s push for solar energy adoption. Additionally, Shrivastava recommends investing in EPC companies, which are likely to benefit from the substantial infrastructural development required in the green energy sector.
Other Stocks Mentioned
- Gio Finance: The speaker also mentions Gio Finance as a stable stock but discourages viewers from buying it for short-term profits due to its volatility.
Conclusion
This video by Akshat Shrivastava provides valuable insights into how the budget can influence the stock market. While Shrivastava offers his analysis and recommendations on themes and specific stocks, viewers should remember to conduct their own research before making any investment decisions.
