In preparation for the Union Budget 2024, Hemal Shah from Torus ORO PMS has identified four stocks that are likely to thrive based on potential policy announcements. Larsen & Toubro (L&T) is highlighted as a key player in infrastructure projects, positioning it to benefit from continued government spending in this sector. Additionally, its subsidiaries, including LTIMindtree and L&T Technology Services, are performing well, which supports its core business. HDFC Bank is expected to see advantages from increased private sector capital expenditure, particularly after its merger with HDFC Ltd, as it focuses on bolstering its balance sheet and expanding its retail portfolio. Canfin Homes, known for its strong asset quality and growth metrics in the affordable housing finance segment, expects sustained loan growth and stable asset quality trends. Oil India, traditionally engaged in oil and gas exploration and production, is undergoing diversification into renewable energy endeavors such as solar power and hydrogen fuel cells, alongside an expansion of its biogas footprint. These recommendations mirror the market's positive sentiment towards these stocks and anticipate sector-specific boosts from the upcoming Union Budget announcements.