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UltraTech, ACC: Infra push in Budget 2021 to fuel rally in cement stocks

Frontline cement stocks have shown tremendous strength in the stock price from a medium term view that may touch higher levels in coming months

Topics
Markets Sensex Nifty | Cement stocks | Budget 2021

Avdhut Bagkar  |  Mumbai 

The Union Budget for financial year 2021-22 fired on all cyclinders to kick-start a massive infrastructure drive in the economy.

Budget 2021, presented by finance minister Nirmala Stharaman, built further on the government's directive of infrastructure / manufacturing-led economic revival envisaged under the 'Atma Nirbhar Bharat' development model. Among key announcements, the FM proposed introduction of a bill to set up a financial institution to launch the National Asset Monetisation Pipeline for funding new infra projects; PLI scheme across 13 sectors (announced earlier) ...

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First Published: Wed, February 03 2021. 11:48 IST
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