ilmscore | Budget 2024 highlights | Impact on Stock Market | CA Rachana Ranade

Budget 2024 highlights | Impact on Stock Market | CA Rachana Ranade

Published: 2024-07-23
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 4
Incorrect: 2
Pending: 0
Unrated: 0
Prediction
Topic
Status
Predicted that the boosted rural economy due to Budget 2024 allocations will have a positive impact on FMCG and related stocks, citing examples like Britannia, Nestle, Hero MotoCorp, and ITC.
"If rural economy is boosted, it's definitely going to be a positive point for them so it could be Britania Nestle something like a Hero Moto Corp ITC all this can have a positive impact"
Indian Economy / FMCG Sector
Correct
Predicted that the announcement of additional houses under PM Awaas Yojana will have a positive impact on housing finance stocks, citing examples like HDFC Bank, Can Fin Homes, and LIC Housing Finance.
"it could be something like uh HDFC Bank it could be something like Canin homes it could be LC Housing Finance all these stocks could have a positive impact because of this"
Affordable Housing / Indian Housing Finance
Incorrect
Predicted a drop in the prices of gold and silver due to reduced customs duty announced in Budget 2024.
"ideally as individuals we can expect a drop in prices of gold as well as silver"
Commodity Prices
Correct
Predicted a negative impact on mobile phone manufacturing stocks, citing examples like Dixon Technologies and Amber Enterprises, due to reduced customs duty on mobile phone components.
"Which stocks can it impact something like Dixon Kane Suber these stocks could get impacted positive or negative negative impact okay"
Mobile Phone Manufacturing Sector
Incorrect
Predicted that the Indian stock market would not experience a sharp correction of 10-11% in the short term post-Budget 2024.
"ideally if you ask me we should not see such a sharp correction something like 10% 11%"
Indian Stock Market
Correct
Predicted that any corrections in the Indian stock market will eventually recover over time.
"any such corrections are going to be eventually recovered be it's just a matter of time be 2 months 3 months 4 months 5 months whatever but what we have seen in the past the markets have recovered"
Indian Stock Market
Correct