Budget 2022: Infra to real estate, what brokerages predict for key sectors

The key sectors to look out for will be infra, services (travel), auto, cement, metals, real estate, financials, and capital goods

With spending on Covid-related measures and subsidies expected to moderate in FY23, this year’s Budget is likely to focus on infrastructure, with higher allocation to roads, railways and water segments. The Budget could also expand the scope of the PLI scheme, extend tax cuts for new manufacturing units and rationalise import duties. The services space, one of the sectors hit hardest by Covid, may get some support in the Budget. Any boost to consumption or a relief in taxes will be positive for stocks across the consumer and consumer discretionary segments. Edelweiss Research has a defensive bias in its portfolio