This year, FM Shri Nirmala Sitharaman delivered a much-needed budget for all class of people and corporates which can drive the India’s growth towards new heights in long term period. She gave what everyone was expecting that is TAX relief which can give boost to Indian Economy by keeping more money in people’s pocket. Apart from that she also emphasized on growth of key sectors such as Electronics, Maritime, AI, Startup, space etc.

With each announcement made by the financial minister there are certain companies which might remain in focus in upcoming days and those are as follows:

1. Centre of Excellence in Artificial Intelligence foreducation with a total outlay of ₹500 crore – Keltontech, Persistent System, Cyient, Tata Technologies, Tata Elxsi, Infosys, TCS, HCL tech, Happiest minds, Affle, Zensar tech, Oracle, Tech Mahindra, Saksoft and Bosch.
2. Broadband connectivity to be provided to all government secondary schools and primary health centres in ruralareas – Tanla Platforms, Industowers, VI, Airtel and JIO.
3. Jal Jeevan Mission: Toachieve 100 % coverage, themission extended till 2028with an enhanced total outlay – Va Tech Wabag, EMS.
4. Power Sector Reforms: Incentivize distribution reforms andaugmentation of intra-statetransmission. – Tata Power, RIL, Adani Power, Torrent Power, NTPC, SJVN, Genus Power, Power Grid, IEX.
5. UDAN: Regionalconnectivity to 120 newdestinations and carry 4crore passengers in the next10 years.– GMR Airports, Adani Enterprise (Adani Aiports) and L&T.
6. Top 50 tourist destination sites to bedeveloped in partnership with states – IHCL, Lemon tree, IRCTC, ITC Hotels, Praveg, Interglobe aviation.
7. FDI limit for the insurancesector will be raised from74 to 100 per cent. – LIC, Bajaj Finance, JIO Finance.
8. Make in India- Exemption to open cell for LED/LCD TV, looms fortextiles, capital goods for lithium ion battery of mobile phones and EVs.

Open cell for LED/LCD TV : Dixon Tech

Textiles : Welspun, KPR Mills, Arvind, Swan Energy

EVs: Tata Motors, Mahindra, Hyundai, TVS Motors, Bajaj Auto, Ashok Leyland, Eicher.

9. Promotion of MRO – exemption for 10 years on goods for ship

building and ships for breaking, extension of time limit for export

of railway goods imported for repairs. – Garden Reach Ship Builders, Cochin Shipyard.

Along with above mentioned sector specific stocks based on highlighted points of budget document, companies related to defence, railway, IT, infrastructure growth and telecom will remain in focus in upcoming days.

HET ZAVERI
info@smartinvestment.in

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