Budget 2017: Stocks that may react post FM Arun Jaitley's speech

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26 Aug, 2025 12:21

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All eyes are on Budget to be announced by Finance Minister Arun Jaitley today. all eyes are on how Finance Minister Arun Jaitley projects taxes and spending post demonetisation. Most analysts feel the Budget 2017 is likely to have a pro-poor focus. The market will watch for govt's FY18 fiscal deficit target, divestment plans, announcement on the taxation front among others. The market expects govt to relax its FY18 fiscal deficit target of 3 percent.Here are stocks that are likely to be impacted by the Budget announcement.ITC To benefit if excise duty on cigarettes is hiked by 8-10 percent Edelweiss: 8-10 percent excise duty hike to lead to single-digit volume growth vs -ve growth

ONGC, Oil IndiaExcise duty cut to 8-10 percent from 20 percent likelyHalving of excise duty can increase ONGC EPS by 16-17 percent

Chemicals- High import duty on domestic agro chemicals will benefit domestic producers- Domestics producers include UPL, Rallis, PI Ind, Dhanuka

ICICI Pru, Info Edge, Tata PowerTo benefit if corporate tax rate is cut by 1-2 percent

L&T, Bharti, LIC Hsg, M&M FinTo benefit if corporate tax rate is cut by 1-2 percent

Fertiliser Cos  -Talks of direct transfer of fert subsidy to reduce wastage -Chances of increase in fert subsidy (expected Rs 72k crore)

LIC Hsg, Gruh, Repco, DHFL, IBHFL- To benefit from additional deduction for interest on housing loans

LIC Housing- Morgan Stanely says if tax exemption hiked to Rs 2.5 lakh, EPS will rise 1.5 percent and stock price by 5 percent- Morgan Stanley says If tax exemption hiked to Rs 3 lakh, EPS will rise by 2.5 percent & stock price by 9 percent

Ashok Leyland-Some announcement on scrapping old commercial vehicles likely

Banks - Recapitalisation amount to PSU banks may be increased

Dabur, ITC, Emami-To benefit if Govt rolls out Universal Basic Income scheme

Bajaj Corp, SBI, RIL-To benefit if Govt rolls out Universal Basic Income scheme

Bharti Airtel, Hero Moto -To benefit if Govt rolls out Universal Basic Income scheme

ITI, MTNL, STC, MMTC-Any word on monetising non-core assets, privatising some of the defunct PSUs

Airline Cos- Higher service tax to bring closer to potential GST rate will be a negative

PSUs -Eye on dividend receipts of Govt  -Govt has been demanding higher dividend from all PSUs (primarily OMCs)

Consumer-Govt considering special scheme to promote mini Food parks-Support up to 35 percent for mini Food parks has been proposed