Budget 2024: Create positions on large-cap, real estate-related companies, says Sheersham Gupta of Rupeezy

livemint.com:

Sheersham Gupta, Director and Senior Technical Analyst at Rupeezy, believes keeping the elections in mind, one can expect a populist budget. In an interview with MintGenie, he advised investors to create a position in the agriculture, infra, and real estate sectors. One can look to book some profit in small-cap and mid-cap space and create positions on the large-cap, real estate-related companies, and debt, he added.

Edited Excerpts: Keeping the elections in mind, we can expect a populist budget. So sectors like agriculture, infrastructure, and consumption would be in focus. Investors should also expect a spotlight on real estate with expectations of policy impetus, tax breaks, and GST rationalisation.

Investors may witness targeted initiatives aimed at revitalising the agriculture sector. Focus shines on affordable housing within the real estate domain positioning it as a pivotal element of economic growth. The real estate sector vying for industry status could influence related industries positively.

Agriculture and infrastructure, notably ports, airports, railways, and highways, are expected to be a priority in this budget. In anticipation of a populist budget, one can look to create a position in the agriculture, infra, and real estate sectors. Now, for the plan, one can look to book some profit in small-cap and mid-cap space and create positions on the large caps, real estate-related companies, and debt.

This should align the portfolio with evolving market dynamics. Volatility is an inherent and inseparable aspect of the stock market. However, 2024 being the year of general elections, the market may see heightened volatility especially till the exit polls are out.