Titan and ITC Are Among 38 Companies To Invest In, Including 38 Shares of 10 Industries

For investors, the much-awaited Budget 2024—presented by Finance Minister Nirmala Sitharaman on July 23rd—has great relevance. These are some important areas to be on lookout for:

Budget 2024 Influence

The Union Budget for 2024 will be presented on July 23 by Finance Minister Nirmala Sitharaman. This event is important for the stock market. It shows the government’s fiscal policies and spending goals. Announcements about defense, railroads, and infrastructure often catch investors’ interest. A well-organized Budget 2024 helps to increase investor confidence and change market mood.

Q1 Finding of 298 Listed Companies

Q1 results for 298 of the BSE-listed businesses will be published next week. Let’s list some well-known names together with their expected performance:

• Bajaj finance

Leading non-banking financial corporation (NBFC), Bajaj Finance’s performance would be under great scrutiny. Crucially important are its loan portfolio diversification and asset quality trends.

• Unilever Hindustan (HUL)

Giant consumer products company HUL is probably going to display its durability in front of pandemic-related difficulties. Key numbers will be demand projections, margin expansion, and sales increase.

• Axis Banking

Under scrutiny will be Axis Bank’s loan book expansion, asset quality, and bad loan provisions. Any surprises can affect the attitude in the financial industry.

• Larsen and Toubro (L&T)

Investor mood will be shaped by Infrastructure Major L&T’s order book, execution pace, and view of government projects.

• SBI LIFE Insurance

The sector on life insurance has been strong. Crucially will be SBI Life’s premium growth, consistency ratios, claims experience.

• Nestles

Closely scrutinized will be the performance of FMCG behemoth Nestlé in the food and beverage category.

• Pharmaceutical corporations

Updates on R&D pipelines and growth trajectory will be revealed by Dr. Reddy’s Laboratories and Cipla.

• Stocks in Banks

The findings of IndusInd Bank and ICICI Bank will offer understanding of the state of the banking industry.

Effects on the US Market

The way the American stock market performs affects world markets, including India, in a domino fashion. Wall Street fell noticeably last week; the Dow Jones dropped 377.49 points (0.93%) to settle at 40,287.50. Additionally seeing drops were the S&P 500 and Nasdaq Composite. Investors should monitor world events closely since they affect Indian stocks.

Dividends and Ex-Dates

This week several firms are going ex-dividend. Aditya Birla Money, Happy Forgings, Tips Films, and Chembond Chemicals will trade without the entitlement to the latest dividend on July 22.

Furthermore having dividend record dates on July 23 are Happy Forgings and Chembond Chemicals. An investor’s overall profits depend much on dividends, hence watching these dates is quite important.

RNFI Services, SRE Televenture, VVIP InfraTech, and Others

These businesses arriving on the scene have original ideas. These IPOs should be investigated by those seeking exposure outside of big-cap stocks.

As Budget 2024 unfolds, recall that investing has some danger; so, careful study is rather important. Keep educated; diversify your investments; if necessary, see financial advisers. Joyful investment!

After the Budget 2024 announcements, investor sentiment stayed positive. This was especially true in the infrastructure, defense, and digital sectors. Bajaj Finance had strong results in Q3 and Q4. Net profit grew by 23% year-over-year.

This growth was fueled by an increase in consumer loans. Hindustan Unilever (HUL) kept steady margins even with changing raw material prices. Meanwhile, Axis Bank improved its asset quality and boosted retail lending. Larsen & Toubro (L&T) landed new infrastructure contracts worth ₹38,000 crore after the budget.

This news boosted optimism for their stock. Meanwhile, SBI Life posted a 19% rise in new business premiums. Nestlé and Dr. Reddy’s worked to grow their market presence. Dr. Reddy’s made important acquisitions in emerging markets. ICICI Bank and IndusInd Bank reported stable NPAs and healthy credit growth.

In April and May, the US market bounced back. This helped bring foreign portfolio investments into Indian stocks. Several IPOs, like RNFI Services and VVIP InfraTech, were oversubscribed. This shows strong investor interest in mid-cap and innovative sectors.