Finance Minister Nirmala Sitharaman has taken special care to make the atmosphere favorable for consumption in the budget. Therefore, the stock of the consumption segment saw a good rise on February 1, while the investment based stock declined. The Minister has announced an important scheme and allocation for other sectors. Agriculture, electric vehicle, manufacturing, shipbuilding, power, infrastructure and insurance in these sectors. We are telling you about some important sectors here, who can stay in the headlines due to the budgets in the budget:
Experts believe that due to the elimination of the budget, better use of buffer cash in the shipping sector will be possible, which will benefit the sector shares. The major stocks of this sector include Cochin Shipyard, Majhgaon Docks, Shipping Corporation, Great Eastern Shipping etc.
Insurance
The new tax regime looks more attractive, so now the Income Tax Act, which is shifting towards the new tax regime, will not be able to claim benefits under section 80C of the Income Tax Act. Also, in the budget, it has also been said to increase the FDI limit in the insurance sector from 74 % to 100 %. According to experts, however, it will not see much impact on Indian listed companies.
The focus on the power sector has continued in the budget. The Finance Minister has allocated Rs 48,396 crore for the power sector. Under this, 30 % has been increased compared to last year’s allocation. The Finance Minister has also prepared a plan to encourage the Electricity Distribution Reforms. The major stocks associated with this sector include L&T, CG Power, NTPC Green Energy, Skipper etc.
Affordable Housing
According to experts, the announcements in the affordable housing segment will benefit other players of this sector instead of direct real estate players, such as paint companies, switch board companies, cement, consumer durable companies etc. More 40,000 units have been added to the budget, which will be completed in 2025. Stocks associated with this sector include UltraTech Cement, Polycab, Asian Paints etc.
Infrastructure
The Finance Minister has announced to create ‘urban Challenge Fund’ for this sector, so that cities can be converted into a growth hub and innovative redevelopment can support and improve the condition of infrastructure of water and cleanliness. He also said that every infrastructure ministry will prepare a three-year list of public-private partnership (PPP) projects. Stocks of this segment include L&T (L&T), RVNL and KEC Internationals.
Agriculture
The focus of the budget regarding the speed of consumption and increasing the income of farmers has been very clear. Promotion of conjugation will benefit companies related to FMCG, auto and food orders. The Finance Minister has also announced the Prime Minister Dhan-Dhanya Krishi Yojana in his budget, under which 100 districts with low agricultural production will be covered. The purpose of this scheme is to promote agricultural production through various measures. Under this, long -term and short term loans will also be given to help 1.7 crore farmers. Focus on conjunctions will benefit companies like Dabur India and HUL.
Travel and tourism
Recently, the number of foreign Yatris in India has been less than in 2019. However, due to the government’s e-visa announcement, more and more international tourists can be attracted. Currently, the revenue growth of hotel operators and luggage manufacturers is around 25 % and the initiative of the Finance Minister will give further boost to these sectors. Shares associated with this sector include VIP Industries, Lemon Tree and ITC Hotels.
Budget 2025 Highlights: Every class was taken care of in the budget! FM Sitharaman gave middle class, women, elderly and farmers, know what you got