Last Updated on Jan 27, 2022 by Aradhana Gotur

As per Axis Securities, building materials, infrastructure, and consumer durables will be in the spotlight for the upcoming Budget 2022. The brokerage house says that the affordable housing segment may see more government aid in the form of schemes. This will, in turn, spur demand in the household durables segments.

A note from the brokerage stated, “Focus on the infrastructure development activities such as roads and construction will continue enabling infrastructure companies and building materials segments such as cement, tiles and others to post robust performance.”

Axis Securities is positive on stocks including Polycab India, Maruti Suzuki, SBI Life, Canfin Homes, Minda Corp, KNR Constructions, Dalmia Bharat, HG Infra, and Welspun India. On the other hand, it has a negative outlook on stocks, including ITC, VST Industries, and Godfrey Phillip.

The note also said, ”The impact of the Union Budget on the equity market has reduced notably over the past few years with the government undertaking most of the reforms outside the purview of the Budget. Nonetheless, market participants continue to view the budget as a catalyst stimulating growth.”

As per Axis Securities, the fiscal situation for FY 2022 appears manageable given buoyant tax revenue collection in the last few months. To add to this, elections in five states have lined up in the calendar year. Hence, the brokerage house expects Union Budget 2022-23 to be growth-oriented.

Axis Securities also stated, “The consequent higher government spending on infrastructure development will help the economy gain further momentum. The efforts are expected to continue around Defense, Railways, and Road Infra development. We believe policy reforms such as Atmanirbhar Bharat and the PLI scheme are likely to continue in FY23 and receive further impetus.”

Aradhana Gotur
Notify of
Inline Feedbacks
View all comments

The blog posts/articles on our platform are purely the author’s personal opinion and do not necessarily represent the views of Anchorage Technologies Private Limited (ATPL) or any of its associates. The content in these posts/articles is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, please consult a professional financial or tax advisor. The content on our platform may include opinions, analysis, or commentary, which are subject to change, without notice, based on market conditions or other factors. Further, the use of any third-party websites or services linked on the website is at the user's discretion and risk. ATPL is not responsible for the content, accuracy, or security of external sites. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The examples and/or securities quoted (if any) are for illustration only and are not recommendatory. Any reliance you place on such information is strictly at your own risk. In no event will ATPL be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

By accessing this platform and its blog section, you acknowledge and agree to the Terms and Conditions of this website, Privacy Policy and Disclaimer.