As the Union Budget 2024 approaches, all eyes are on the government’s potential allocation to key sectors like railways, infrastructure, and defence. Historically favoured spaces, these sectors are already showing strong momentum in anticipation of increased spending. Could they offer lucrative medium-term investment opportunities? Deven Choksey, MD of DR Choksey FinServ Private, shares his insights on the government’s commitment to infrastructure spending, projected to rise by 10-15% for FY25-26, backed by robust tax collections. With ambitious plans to spend ₹142 lakh crore on infrastructure by 2030, this budget is likely to fuel growth in the listed space, particularly in rail, defence, and power infrastructure companies. Deven Choksey highlights stocks like BEML, which boasts a diverse portfolio across defence, mining, and metro rail systems, and is executing growth at a 20% rate, with potential for even greater acceleration. He also mentions IRFC and REC as promising picks, given their exposure to railway and defence projects. Discover expert advice on navigating these sectors ahead of the budget. Should you focus on PSU infrastructure stocks or consider the broader defence and rail sectors for medium-term gains? Watch the full discussion to gain deeper insights.