Impact on Metal, Automobile & Sanitary Sector: Budget’16.

images-2METAL SECTOR: Metals stocks have started its rally on govt’s proposal for infra push in the Budget 2016;

Advantage: Tata Steel surges 6%, JSW Steel is up 4%, Vedanta up by 3%, SAIL is also up 3%.

AUTOMOBILE SECTOR: In this year budget 2016 Govt. proposed 1% infra cess on small cars, 2.5% infra cess on diesel cars which is negative for the automobile industry. Auto stocks rally up to 2% led by M&M, Bharat Forge and Ashok Leyland.

Stocks to watch out: Maruti, Tata Motors and M&M.

METAL SECTOR: Metals stocks have started its rally on govt’s proposal for infra push in the Budget 2016;

Advantage: Tata Steel surges 6%, JSW Steel is up 4%, Vedanta up by 3%, SAIL is also up 3%.

AUTOMOBILE SECTOR: In this year budget 2016 Govt. proposed 1% infra cess on small cars, 2.5% infra cess on diesel cars which is negative for the automobile industry. Auto stocks rally up to 2% led by M&M, Bharat Forge and Ashok Leyland.

Stocks to watch out: Maruti, Tata Motors and M&M.

SANITARY SECTOR: In this year budget 2016 the finance minister proposed Rs 9,000 crores allocated to Swaccha Bharat Abhiyaan which will boost the earnings for the sanitary industry.

Watch out for: HSIL, Cera Sanitaryware, Kajaria Ceramics, Somany Ceremics, Sintex  and Nilkamal Plastics,

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