Know the Post Budget Buzzing Stocks


Feb 07 2017 02:28 PM ,   Dynamiclevels Daily Outlook  , No Comments


Post-Market-Buzzing-Stocks

The Union Budget is one of the most important events of the financial calendar and this budget for FY 2017-18 was placed by Finance Minister Sri Arun Jaitley on the floor of the house on 01 Feb 2017.

The Budget was cheered by the markets as there was no negative news for financial sectors and no long term capital gains tax was issued on equity securities in stocks exchange. There was a thrust in rural spending and focus on generating employment to the youth of India.

The markets have rallied and there have been sectors and stocks outperforming post budget and the top three sectors are:

 

  1. FMCG Sugar
  2. Bank PSU
  3. Transportation Logistics

 

A. FMGC sugar sector has gone up due to shortage of sugar in the open markets and sugar stocks are benefitting as it a pure demand supply play and lower supply can lead to higher prices. There was no major announcement with regards to this sector.

B.  PSU Bank  have got the benefits of good corporate numbers which has come  after the budget where the slippages in this quarter numbers have come down and good results by Vijaya Bank and Punjab National Banks have been a big trigger.

C. Transportation stocks have got a boost as Finance Minister assured the house that GST will be rolled out in this financial year and this sector will continue to remain a outperformer in the near future as the markets forecasts earning growth to accrue because of this trigger.

 

The stocks which have outperformed post budget are:

 

  1. AEGISCHEM
  2. SUNTV
  3. Vijaya Bank

 

Know the big triggers of these companies and also their outlook for the next few months along with all the sectors and stock which have moved Post Budget in our webinar conducted by Mr. Shailesh Saraf on 8th Feb at 3.30pm. Register at https://goo.gl/AaLvq5


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