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.