Indian defence stocks have surged but face concerns over high valuations. Nirmal Bang downgrades the sector to ’sell’ due to inflated prices and risks like execution delays and rising costs.
3 min read19 Jul 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared