Budget sector analysis and stocks ideas by Axis Securities

Positive for all cement companies.
Preferred Picks: UltraTech Cement; Ambuja Cement; JK Cement; Birla Corp; Dalmia Bharat; JK Lakshmi.

Positive for road construction companies.

Preferred Picks: PNC Infratech, GR Infra, HG Infra and KNR Construction, J. Kumar Infra, Ahluwalia Contract.

Positive for employment generation as well as for ensuring multiplier effect.

Positive for major FMCG companies with more growth driven from rural regions – HUL, Dabur, Nestle, Britannia, Jyothy Labs, Emami.

Positive for Cigarette manufacturing companies such as ITC, Godfrey Phillip, VST Industries.

Positive for Deepak Fertilizers and Petrochemicals, largest producer of Technical Grade Ammonium Nitrate in India may be benefited because of reduced imports.

Positives for Neogen & Himadri may benefit from resultant increase in demand for batteries/battery chemicals.

Positive for all IT services companies.