5 hours Ago
ADANI PORTS & SEZ Agencies THE GOVERNMENT’S impetus to micro, small, and medium enterprises will further strengthen domestic manufacturing. In addition, a maritime development fund with a corpus of Rs 250 crore will be formed to expand shipbuilding. These initiatives will have a long-term indirect benefit to the port activities.
ASIAN PAINTS Agencies WITH THE required consumption boost through tax cuts, the repainting activities are expected to revive in tier 2/3 towns that were laggards for a while. Along with recovery in volumes, product mix will enhance with rising demand for mid-premium paints. However, competition will continue to put near-term stress on margins AXIS BANK Agencies A SUSTAINED capex allocation of Rs 11.
2 lakh crore, forming 3.1% of GDP, and the revamping of the credit guarantee scheme for MSMEs will lead to an additional credit of Rs 1.5 lakh crore in the next five years.
This should aid credit demand from large corporates and small businesses alike BAJAJ FINANCE Agencies THE GOVERNMENT has increased the classification limit for MSMEs by enhancing investment and turnover limit by 2.5 and 2 times. Companies with Rs 500 crore turnover will be considered as medium enterprises.
This should boost credit to smaller businesses. Higher disposable income augurs well for retail credit demand. Stock Trading Maximise Returns by Investing in the Right Companies By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.
com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program BAJAJ FINSERV Agencies THE BUDGET has proposed to enhance credit guarantee cover for MSMEs to Rs 10 crore from Rs 5 crore.
It will also be given to export-oriented MSMEs with term loans up to Rs 20 crore, which is expected to boost business momentum. Clarification on tax on redemption of unit-linked product will clear ambiguity BHARTI AIRTEL Agencies THERE WERE no announcements impacting Bharti Airtel directly. However, higher disposable income bodes well for consumption demand.
With a formidable digital ecosystem offering, premiumisation and higher wallet share, industry-leading ARPU, Bharti is placed as superior play in the Telecom sector. HCL TECHNOLOGIES Agencies THERE WERE no major announcements in the budget impacting HCL Technologies. The company reported sustained deal wins in the December quarter.
Shorter deal periods are expected to drive faster revenue conversion, aiding rupee revenue growth at 8.4% annually between FY24 and FY27. Growth uptick key for rerating.
HDFC BANK Agencies CONTINUED CAPEX allocation is likely to support growth in the corporate segment. Ramping up the credit guarantee scheme for MSMEs will offer a boost to the commercial segment. Higher disposable income may support retail credit growth.
Clarification on tax on redemption on unit-linked product to clear ambiguity. HINDUSTAN UNILEVER Agencies THE BUDGET provided a much-required consumption boost by reducing the personal income tax and providing required support to the agri sector. HUL’s volume growth trajectory, which moderated to low single digits, may recover to mid-to-high single digits in FY26.
This may improve earnings growth ICICI BANK Agencies THE BUDGET aims at giving a push to commercial as well as retail credit demand. The reclassifi cation of MSMEs, focusing on establishing India as a manufacturing hub for toys, footwear, and leather, will have a long-term effect on credit demand. Also, higher disposable income may drive consumer credit demand ITC Agencies NO INCREASE in tax rate on cigarettes will lead to low to-mid single-digit volume growth for ITC’s cigarette business.
The FMCG business growth will recover to double digits in FY26. Improved earnings growth and discount valuation augur well for the stock INDUSIND BANK Agencies AN INCREASE in the classifi cation limit for MSMEs by enhancing the investment and turnover limit by 2.5 and 2 times, coupled with an enhancement in credit guarantee cover to `10 crore from `5 crore, will likely boost credit to the MSME sector INFOSYS Agencies THERE WERE no major announcements in the budget impacting Infosys.
Improved discretionary spending coupled with broad-based deal wins signals positive momentum. The dollar-denominated revenue may grow by 8.9% annually between FY24 and FY27 KOTAK MAHINDRA BANK Agencies AN INCREASE in credit limit to Rs 5 lakh from Rs 3 lakh under Kisan Credit Card (KCC), enhancement in credit guarantee cover for MSMEs to Rs 10 crore from Rs 5 crore and export-oriented SME for term loan up to Rs 20 crore will provide a boost to credit to MSME segment LARSEN & TOUBRO Agencies THE GOVERNMENT has allocated Rs 11.
2 lakh crore in the budget. L&T remains the best bet in the capital goods sector to capture the investment cycle given its diversified exposure to power T&D, railways, defence, factory & buildings, and heavy engineering MAHINDRA & MAHINDRA Agencies STEPS TO augment farm income and relaxation in personal income tax slabs in the new tax regime are positive triggers for M&M with leading market share in tractors at 43% and passenger vehicles at 13%. It looks well placed given an exciting product portfolio MARUTI SUZUKI INDIA Agencies RELAXATION IN personal income tax slabs leading to higher disposable income is a positive for Maruti Suzuki, given its leading market share of 41% and lower car penetration domestically.
Focus on augmenting farm income is an added positive, given rural markets are growing faster for the company NTPC Agencies STRONG DEMAND across power sector on thermal, renewable and nuclear fronts puts NTPC in a sweet spot. Coupled with an aggressive addition in the renewable portfolio, which is expected to reach 15-16 GW by 2027 and recent venture in nuclear power will give the business model the much-needed diversification NESTLE INDIA Agencies EXPANDING CONSUMER wallets due to change in income tax slabs will provide an opportunity to choose more options in the consumer basket, given a shift towards brands and large packs of foods & beverages. This will lead to domestic volume growth to improve to high single digit from low-to-mid single digit POWER GRID CORP Agencies POWER GRID stands to gain from rising focus of the government on renewable projects with a target of 500 GW of capacity by 2030.
The company possesses solid balance sheet to bid for transmission projects. The government’s initiative to steer distribution reforms to reduce transmission losses is an added positive RELIANCE INDUSTRIES Agencies GOVERNMENT AIMS to build an ecosystem and support clean tech manufacturing in domains such as solar PV cells, EV batteries and electrolysers, among others. This augurs well for Reliance, which plans to spend considerable capex with solar plant coming onstream in 2025 and battery plant in 2026 STATE BANK OF INDIA Agencies AGRICULTURE-RELATED PROPOSALS such as development of Grameen Credit Score and increase in loan limit of Kisan Credit Card from Rs 3 lakh to Rs 5 lakh to aid rural credit growth.
Enhancing of credit guarantee scheme and continued focus on capex to propel credit growth in corporate segment SUN PHARMACEUTICALS Agencies NO SPECIFIC announcement for the company in the budget. Sun Pharma is well placed to benefit from continuous momentum in global specialty portfolio, growth in India formulations from new launches and field force expansion. It has also displayed a calibrated cost approach, including research and development spend TATA CONSULTANCY Agencies THERE WERE no major announcements in the budget impacting TCS.
The company reported an improved demand environment along with revival in discretionary spending in BFSI, especially in North America, which provides better revenue visibility. Its dollar revenue is likely to grow 6% annually between FY24 and FY27 TATA MOTORS Agencies GIVEN A market share of 36% in the commercial vehicles segment, the government’s sustained infrastructure push is positive for Tata Motors. Relaxation in income tax slabs augurs well for its domestic passenger vehicles (PV) business TATA STEEL Agencies CAPEX OUTLAY of Rs 11.
2 lakh crore for FY26 bodes well for Tata Steel’s domestic operations as it is currently undergoing capacity expansion from 26.6 MT to 40 MT by 2030. Restructuring in European operations, ensures sustainable and profitable growth ahead TECH MAHINDRA Agencies THERE WERE no major announcements in the budget impacting Tech Mahindra.
It is focusing on building presence outside telecom, especially in BFSI and healthcare, and a strategic partnership ecosystem with SAP, NVIDIA, AWS to drive growth TITAN COMPANY Agencies TITAN GETS a double boost with no increase in custom duty on gold and tax reduction for the middle income group. This will help the growth momentum in the jewellery segment with likely uptick in volumes. Also, the watches segment is expected to improve ULTRATECH CEMENT Agencies CEMENT DEMAND from housing activities is likely to remain healthy given the focus on boosting rural income.
Though FY26 planned capex for roads and highways is flat, there is 20% increase for rural and urban development and 10% for overall capex ZOMATO Agencies E-COMMERCE PLATFORM businesses like Zomato cater to the top 20% of urban households, which are key beneficiaries of the income tax rate reductions. This is likely to benefit food delivery where Zomato has recently alluded to signs of demand slowdown (You can now subscribe to our ETMarkets WhatsApp channel ).
