Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
Register Now : Nifty Banker 3.0 | India's First Retail Index Traders Online Conference.
Budget 2023
Budget 2023

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.