Budget 2022: Demands from healthcare, real estate, tourism may hog limelight, says Manoj Dalmia of Proficient Equities; picks Lemon Tree Hotels as good bet

Ahead of the Union Budget 2022, market expert is of the view that demands from healthcare, real estate, hospitality & tourism, crypto industry and textile space can drive the action on the Dalal-street if the demands of respective sectors are met. The Union Budget 2022 will be presented by finance Minister Nirmala Sitharaman on February 1, 2022.  

Speaking in detail about the street's expectations from the Union Budget 2022, Manoj Dalmia, Proficient equities founder, said sectors from different space have high expectations from the Budget.  

He said healthcare Industry experts are pushing the government to allocate funding towards healthcare projects like genome mapping, common health database, vaccine research, anti-bio war research etc.

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Similarly, real estate expects that budget will incentivise both the rental housing market and the affordable housing sector. Affordable interest rates for house loans, reduction of GST for construction materials.

Dalmia said tourism & hospitality is another space that might benefit from the budget as it has suffered a lot from the pandemic. "We might expect some measures like interest-free loans, subsidies, and reduction in tax rate," said Proficient equities founder.  

The expert says some key announcements related to cryptocurrency could be also expected in the budget as the industry has urged the government to amend existing tax laws and include crypto assets in them.  

"Textile industry has faced several challenges over the past years. The sector has urged the government to introduce an export duty on cotton to keep a check on prices and remove 5% import duty on cotton imports," said the expert.  

Speaking of sectors that could be in focus in this budget, he said real estate and allied industries remains one of the favourites. Besides, public Sector industries and their asset monetisation under NMP (National Monetization Pipeline), railway,  agriculture and Infrastructure should hog the Budget 2022, he said.  

About a budget stock pick, Manoj Dalmia said Lemon Tree Hotels can be good bet from hotel and hospitality space.  Good operating profit margins and wide presence in all over India makes it one of the safest bets from this space.  

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)