Budget 2018: These are 10 Budget Supportive Stocks, Long Term Returns up to 86%

Read also Live Commodity Tips | Equity Tips | Best Stock Advisory | Share Market Tips | Free Intraday Tips

Before the budget, the Indian stock market has reached record high. Experts believe that a correction can be found in the high valuation market. Looking at this, the investors have become slightly conscious. Investors are not able to understand where they invest. We are talking about 10 stocks which can have a positive impact on the budget and you can expect to get good returns in the long term.

Market will remain friendly

Jagdish Thakkar, director of Fortune Fiscal, believes that the rural area has less support compared to urban areas and its impact can be seen in budget 2018. In such a situation, the finance minister's focus could be on rural infrastructure. The budget market will remain friendly.

Focus on increasing the job will be budget

Sandeep Jain, Director of Trade Swift Broking, says that the focus of government in the budget will be on increasing the number of jobs. For this, the Finance Minister will give something to Textiles, SEZ sector in the budget. The largest labor force in these sectors and getting them in the budget will open new jobs. 

Thakkar said that Finance Minister can give some incentives to the companies that increase their jobs. In 2018 and 2019, 8 states have to hold Lok Sabha elections. For this reason, the government can present a populist budget.

Farming will be emphasized

According to Sachin Sarvade, technical analyst, SMC Institutional Equities, in view of the 2019 Lok Sabha elections in the country, the government can present a focus budget on the rural sector to get political support. The government can make new announcements to increase the income of the farmers. Before the budget, the government has approved compulsory packaging in jute bags of foodgrains and sugar products to promote labor oriented jute industry. This will help the farmers to increase their income.

Experts have advised investment in Fertilizer and Chemicals Stocks. Jagdish Thakkar has given a target of 800 rupees in Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) . The government can bring a policy for which the company can get the benefit. There is a possibility of returning up to 66%. In addition , Rs 900 in Tata Chemicals and Rs 1,000 for Gujarat Alkalies and Chemicals Limited . They can get returns of 18 per cent and 19 per cent.

There is expected to get 22 returns in another fertilizer company National Chemical and Fertilizers Limit (RCF) . Sandeep Jain has advised to invest in this with a target of 130 rupees.

Infrastructure will boost BoosT

Experts say that the government will increase the focus on infrastructure for economic growth. Especially the government's focus on road construction will be high. According to Sachin Sarvadei, this will increase the demand for cement. Sachin has given a target of Rs.250 with a growth of 86.56% in the Cement Manufacturing company Sanghi Instise. 

At the same time, Amit Jaswani, CIO of Stallion Assets.com, said that increasing the focus on infrastructure would also increase the demand for steel. He  has given a target of 300 rupees in Prakash Industries .

Auto will run faster

Auto companies will be benefitted from the increase in rural economy and job growth. Simi Bhowmick, the technical analyst of Simi Bhowmick.com, has advised to invest in Hero MotoCorpwith a target of 4000 rupees.