BUDGET-who gains?
Finance minister presented the Union budget for the year 2006-2007.In this Textile sector ,power sector,engineering sector ,food (FMCG)sector etc are the important sectors to get more benefit.The main stocks in textile like Aditya birla nuvo,eastern silk, will be good buy for short to medium term.The stocks included in power heavy engineering and construction sector are ABB,BHEL.The newly listed stock, GVK power and infrastructure is a good buy for long term.It is good to buy this stock at its dips.Currently the stock is trading below the issue price,which is good to buy at this level.FMCG stocks like HLL,Nestle,ITC etc will be good in this sector.Automobile stocks like tata motors and maruti will gain much in coming days.The fringe benefit tax exemption of free samples is a positive step for the Indian pharma industry.The stocks like CIPLA, Wochardt, Aventis, pizer,GSK,Ranbaxy.The auto ancillary sector is also positive for long term and the stocks come under this sector are Bharat Forge,SKF India etc.The IT Hardware stocks like MRO tek will also be benefitted.
Nice trading
Nice trading
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Yash Malhotra