What could the Budget mean for stock specific movers or any individual sectors?
There has to be a lot of focus on public spending and if that happens, the large construction companies, particularly a company like L&T should benefit out of that. So I will be a buyer in L&T pre budget if I have to take a trade. That is one trade which I think I am willing to bet on.
The other area I can look at is fertiliser. The fertiliser subsidy is one single item in the Union Budget which has not really moved much. It is still about Rs 85,000-90,000 crore and something needs to be done about it. Any further rationalisation in the subsidy, apart from easing the burden for the government, helps the fertiliser companies. I will be looking closely in that area as well and remember this is going to be a long awaited structural change. So a Chambal Fertiliser, a Coromandel International, RCF all need to be looked at carefully pre budget.
budget 2021: L&T, fertiliser stocks could be Budget beneficiaries: Sudip Bandyopadhyay, Inditrade
Any further rationalisation in the subsidy, apart from easing the burden for the government, helps the fertiliser companies, says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital.
