Which stocks and sectors to be the most affected by Union Budget 2021?

India’s annual finances will be unveiled on February 1, with expectations to reboot India’s economy. Here’s a guide to industries that may be most affected by the spending plan.

Rural economy:

Rural India, where most of the nation’s 1.3 billion citizens live, has been a limelight during the pandemic. Stocks, including UPL Ltd., farm equipment makers, Mahindra & Mahindra Ltd. and consumer goods producers, Hindustan Unilever Ltd. and Godrej Consumer Products Ltd will prove beneficiary.


An industry that’s already been buoyed by a recent surge in sales, Automakers would expect to see more details of a $20 billion government program to attract manufacturers. Potential beneficiaries include Tata Motors Ltd. and Ashok Leyland Ltd.


Mergers and recapitalization bonds at state-controlled banks may be announced in the budget to contain risks, according to Citi analysts. Watch shares of IDBI Bank, PNB, Bank of Baroda and SBI.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Cookies Policy