Budget Impact: 10 Stocks to Benefit from FM’s Announcements

The market rally following Finance Minister Nirmala Sitharaman’s speech speaks a lot about the budget, which shocked investors pleasantly.

Here are the top stocks predicted to benefit from the budget releases by analysts :

According to economists, a capital spending of 2.4 lakh crore projected in the budget for the railways’ sector will also benefit metal companies.

Despite the increase in NCCD, ITC remains positive:

Despite a 16% rise in national calamity contingent tax (NCCD) on particular cigarettes, researchers believe the higher charge will have little effect on volume.

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There is much to celebrate in the automotive industry:

Furthermore, the auto industry has reason to rejoice because the budget eliminated customs duties on capital goods imported for the manufacture of lithium-ion batteries used in electric vehicles (EVs).

Hotel stocks are among the most popular:

“Tourism promotion will be undertaken on a mission basis with the active engagement of states, the convergence of government programs, and public-private partnerships.

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