Budget 2013

Budget 2013
Budget is a plan made for the future income and expenditure of anyone. Union budget of India, referred to as the annual financial statement in article 112 of the constitution of India, is the annual budget of the republic of India, presented each year on the last working day of February by the finance minister of India

Why is union budget is needed?

Budget 2013
Finance Minister P Chidambaram in his budget 2013 speech announced a lot of sector specific measures that will have far-reaching consequences on the companies operating within them. Automobile

Media & Entertainment

Increase in customs duty to 10% from 5% on set top boxes

Banks and Financial Institutions

The budget proposed to provide an additional deduction of interest of up to Rs 1 lakh on housing loans of up to Rs 25 lakh for the first time buyers in addition to the current exemption of Rs 1.5 lakh.

FMCG Sector

budget impacts on: Common man Corporates(large cap and mid cap) Investors(FDI and FII)

Common man benefit from budget

The following sectors/companies will benefit or be impacted by the Budget proposals: Oil and gas companies Road builders Education sector Infrastructure sector

Impact on large cap stocks

housing finance, commercial vehicles, infrastructure and energy getting benefits of some of the budget proposals. On the other hand, players in the segment of sports utility vehicles and those with royalty arrangements with foreign companies will be impacted negative.

Impact on large cap stocks

Bank of India (positive) Coal India (positive) DLF (negative) HDFC (positive) Hindalco (positive) HUL (negative) ITC (neutral) Mahindra & Mahindra (negative) MCX (positive) ONGC (positive) Reliance Industries (marginally positive) Tata Motors (marginally positive) Ultratech (neutral)

Impact on mid-cap stocks

Arvind Ashok Leyland Bharat Electronics Limited (BEL) Corporation Bank Educomp Solutions GE Shipping Sadbhav Engineering Suzlon Energy VST Industries

Impact on investors