Is the budget hit or miss for stocks? ICICI Securities decodes for 14 Nifty cos
- Here, ICICI Securities explains the impact on 14 select Nifty 50 companies.
The Union Budget’s focus on boosting capital expenditure has cheered investors even as the much-awaited rural push did not come through. Larsen and Toubro Ltd is expected to be a major beneficiary of the rise in capital investment outlay to ₹10 trillion (3.3% of GDP). The small impact of tax hikes on cigarettes is helpful to ITC. Here, ICICI Securities explains the impact on 14 select Nifty 50 companies.