Stocktwits India 🇮🇳 Profile picture
Feb 2, 2023 12 tweets 10 min read Read on X
1/ Here’s all you need to know about the #Budget2023: Finance Minister Nirmala Sitharaman’s final Budget before General Elections 2024

A thread 🧵 #BudgetSession2023
2/ Economy

FM Sitharam lowered the fiscal deficit target to 5.9% in FY25 (vs 6.4% currently). This is positive for the Indian economy as it would strengthen the Govt’s finances and increase private sector investment.
3/ Capex
FM raised capital investment outlay by 33% to Rs 10 lakh cr in FY24, representing 3.3% of the GDP. This is positive for a host of sectors like capital goods, engineering, cement, and metal.
4/ Taxation
The GOI provided some much-needed relief to the taxpayers. Lower taxes can boost the economy by giving people and businesses more money to spend, leading to more demand and growth.

This is positive for consumption stocks - #HUL, #Dabur, #Britannia
5/ They increased the rebate limit from Rs 5 lakh to Rs 7 lakh UNDER THE NEW TAX REGIME.

They also simplified the tax structure by reducing the tax slabs to 5 and increased the tax-free limit to Rs 3 lakh.
6/ Taxes on cigarettes increased by 16, but this was lower than expected. Experts believe this would result in a max 2% increase in prices. Positive - #ITC, #GodfreyPhillips, #VSTIndustries
7/ Insurance stocks were beaten down badly after the GOI withdrew any tax incentives for insurance investments in the budget announcement. Negative - #HDFCLife, #ICICIPrudential, #SBILife, #MaxFinancialServices
8/ Travel & Hospitality saw a special focus in this year’s budget. The GOI announced dedicated schemes like Swadesh Darshan and Dekho Apna Desh to boost the domestic travel sector.
9/ 50 tourist destinations will be identified and developed as a whole package for domestic and international tourism. 50 additional airports, helipads, water aero drones, and advanced landing grounds will be revived to improve regional air connectivity. Positive - Hotel stocks
10/ Budget provides for Rs. 35,000 crore for priority capital investment towards energy transition and net zero objective. Govt targeting 5 MT of Green Hydrogen production by 2030. Positive - #RIL, #JSWEnergy, #NTPC.
11/ Indirect tax proposals to boost green mobility and EVs. Customs duty exemption extended to import of capital goods and machinery required for the manufacture of lithium-ion cells for batteries used in electric vehicles. Positive - #TataMotors, #TVSMotors, #SonaBLW, #ExideInd
12/ Find out which stocks are trending after the Budget announcement on the Stocktwits app. Here’s the link: stocktwits.onelink.me/Lo6t/qyarh488.

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More from @StocktwitsIndia

Feb 1, 2023
Curious how to make use of India's best social stock market app for free? Here are a few reasons you should check out Stocktwits to improve your investing skills 📈 🚀 #nifty #banknifty

If you're not on Stocktwits, join here - stocktwits.onelink.me/Lo6t/yv9mvw6t

A thread 🧵
Follow your favourite investors, media houses, & financial institutions to know what everyone is saying & thinking. Follow them & enjoy their posts on your timeline.

Pro Tip: Hit the🔔 icon for real-time alerts. Also, see our “Suggested” stream to find more people to follow.
Update your Watchlist. Track prices of your favourite stocks (India & US). Know when a stock on your watchlist is “Trending” in our community. 📊

Pro Tip: Set up your watchlist to automatically receive real-time Trending notifications on stocks you care about.
Read 6 tweets
Jan 24, 2023
1/ Adani Enterprises’ Rs 20,000 cr FPO will open this week. We explain why it matters, Adani’s future plans, and more.

A thread 🧵 Image
2/ What is an FPO?
FPO is a way for public companies to raise additional funds via new stock offerings, similar to an IPO but for companies that have already gone public. It can be used to raise capital, pay off debt or fund expansion.
3/ The FPO will open on Jan 27 and closes on Jan 31. The price band is fixed at Rs 3,112-3,276 per share. Retail investors will get a discount of Rs 64 per share! PS - that’s why the stock is down 18% from its peaks.
Read 10 tweets

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