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Budget 2020: Key takeaways from FM Nirmala Sitharaman's speech

A look at the impact of budget announcements on the market as a whole and stocks in particular

February 03, 2020 / 02:25 PM IST

Key Takeaways from FM Nirmala Sitharaman's Budget 2020 Speech:

Comprehensive measures for 100 water-stressed districts -- expect water-related companies to benefit going forward like VA Tech Wabag, Ion Exchange, Thermax

Solar power generated by farmers from barren land will be encouraged -- solar equipment companies to gain. However, implementation will be an issue unless farmers are given a subsidy to install solar plants.

Facilitating doubling of milk production -- will negatively impact milk companies as supply increases but prices will fall. If milk prices are controlled as is the case with some states, state deficits will take a hit. However, companies dealing with cattle feed and veterinary medicines will gain.