Potential Winners of Budget 2023
____________________________
Capex allocation increased by 33% to Rs 10 lakh crore or 3.3% of GDP.
.
Positive for : L&T, JKumar, KEC, RVNL, Kalpataru, NCC, Ambuja Cement, Shree Cement, Dalmia Bharat, JK Cement, JK Lakshmi
____________________________
Capital outlay of Rs 2.40 lakh crore for railways in FY24.
.
Positive for : KEC, Siemens, RVNL, Kalpataru, Titagarh Wagons
____________________________
100 critical transport infra projects for steel, ports, fertiliser, coal, food grain sectors have been identified with an investment of Rs 75,000 crore, including Rs 15,000 crore from private sources.
.
Positive for : Tata Steel, Hindalco, NALCO, Vedanta
____________________________
The government has reduced customs duty on basic acid base fluorspar from 5% to 2.5%
.
Positive for : SRF, Navin Fluorine.
____________________________
Budget provides Rs 35,000 crore for priority capital investment towards energy transition and net zero objectives and energy security
.
Positive for : Praj, ISGEC Heavy, Balrampur Chini, Dhampur, Dwarikesh
____________________________
Farm credit limit for FY24 raised to Rs 20 lakh crore. Also, plans to build more storage and boosting productivity via dedicated funds.
Positive for : Kaveri Seed, Dhanuka Agritech, and Sharda Cropchem.
____________________________
100 labs for developing applications for 5G services to be set up.
.
Positive for : Reliance Jio, Airtel, Aksh Optifibre, Surana Telecom And Power, Finolex Cables
____________________________
Outlay of Rs 10,000 crore per year set for Urban Infra Development Fund to be established to make up for priority sector lending shortfall.
.
Positive for : KNR Construction, PNC Infratech, RITES, KEC International, PSP Projects, Ambuja Cement, Shree Cement, Dalmia Bharat, JK Cement, JK Lakshmi
____________________________
Disclaimer : I am not SEBI registered and this is not an investment advice. It is just our findings to make your job easier. Please seek advice from you financial advisor before trading or investing. We'll not be responsible for any profit or loss incurred by you.
