What Experts Recommend And Why

BROKERS' TAKE

PARAG PARIKH CHAIRMAN, PARAG PARIKH FIN ADVISORY SERVICES
City gas distribution cos with large captive customer base will benefit from increasing volumes. Rating cos will benefit from a rise in fund raising and debt issuance programmes by infrastructure cos. Increased rural spending will improve prospects of FMCG cos

KR CHOKSEY CHAIRMAN, KR CHOKSEY SECURITIES
The Budget has put money in the hands of individuals by removing surcharge on I-T & scrapping FBT. Power cos will benefit from increased emphasis on the sector. Tata Steel, JMC will do well on infrastructure spending and Tata Chemicals could gain from more focus on farm production

NIRMAL JAIN CMD, INDIA INFOLINE
The Budget has been quite a dampener. Global cues, corporate earnings & monsoon will determine the market direction. Bharti Airtel, HUL, Maruti & ITC will gain from more rural focus. ITC will benefit from unchanged excise rates. Infosys to gain with STPI extension & FBT removal

MOTILAL OSWAL CMD, MOTILAL OSWAL FINANCIAL SERVICES
A 9% (of GDP) infrastructure spending is positive for Birla Corp and L&T. BEL will benefit from increased defence allocation. Gail could gain from investment-linked tax incentives allowed to farm and natural gas & petroleum cos while HUL to gain from increased rural growth

PRADEEP GUPTA VICE-CHAIRMAN, ANAND RATHI FINANCIAL SERVICES
The FM has stated that funds will be made available for investments in basic infrastructure and the govt will facilitate rapid progress in this segment. Based on the various budgetary provisions & the strength of the balance sheet, we also recommend Gail, Infosys, BHEL & ITC