Finance Minister Nirmala Sitharaman presented the interim budget a day before. The stock market environment remained quite indifferent during the budget. After wide range fluctuations throughout the day, the market finally closed with a slight loss on the budget day. However, experts believe that many sectors can be profitable from this budget and in such a situation, some shares can provide good earnings to their investors.
By spending Rs 1, you will get Rs 6-7.
CNI Research, a market research and advisory firm, has given its reaction after the budget. The firm says that the government's emphasis on capex will strengthen the economy. For every rupee being spent by the government now, the government treasury is going to get 6 to 7 rupees in the coming time. CNI Research has told about the possible stocks which can benefit from the budget and which can benefit the investors.
These sectors got priority in the budget
CNI Research says that a provision of Rs 40,777 crore has been made for aircraft and aeroengines. This is positive for the shares of civil aviation sector. Shares related to this sector will benefit from the provision of Rs 6,903 crore for semiconductor. The allocation of Rs 8,500 crore for solar power will strengthen the shares of companies engaged in solar business.
They will benefit from the provision of railways
The shares of government company BHEL will be increased from this budget. You can get a lot of benefits. Provision of Rs 62,343 crore for equipment and Rs 23,800 crore for naval fleet is positive for this stock. Shares like BHEL, Integra Engineering and Siemens can benefit from the provision of Rs 77 thousand crore for rolling stock. Integra Engineering may also benefit from Railways' work worth Rs 6,500 crore. Integra and other railway shares can get the benefit of Railway Safety Fund of Rs 45 thousand crore.
These shares of energy sector are strong
Provision of Rs 59,298 crore for manufacturing in the budget. Has been done. This will speed up PSU orders. Shares of companies like Damodar Valley, NHPC, PowerGrid Corporation and SJVN will get the benefit of investment allocation of Rs 67 thousand crore. Railway stocks will benefit from the allocation of Rs 25 thousand crore for the bullet train.
Eyes will also be on these government shares
Many government shares are going to be in focus after the budget. In the budget, a provision of Rs 6,300 crore has been made for SAIL, Rs 11,000 crore for BPCL, Rs 10,770 crore for HPCL, Rs 27,374 crore for Indian Oil and Rs 30,800 crore for ONGC. In such a situation, these government shares can perform better.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money.
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