Stocks that benefit from Budget 2013-14

Here’s a list of stocks that made the most out of the Union Budget 2013-14 presented by Finance Minister Chidambaram.

1. Allocation to Education at Rs 65877 cr up 17%
Positive for Educomp Solutions, Everonn Education, Aptech, EdServ Softsystems

2. To allot Rs 14873 cr to JNNURM in FY 2013-14. Will help in purchase of 10000 buses by hill stations

Positive for Ashok Leyland, Tata Motors, Eicher Motors, Force Motors

3. Infrastructure debt funds encouraged promoting investment in infrastructurePositive for GMR Group, GVK Power and Infrastructure

4 .To set up a Regulatory Authority for Road ProjectsMore road projects to be awarded in the next 6 monthsPositive for IRB Infra, IL&FS Transportation, L&T, GMR, GVK, Ashoka Buildcon, Reliance Infra

5. House loans up to Rs 25 lakh will be allowed additional deduction of interest of Rs 1 lakhLIC Housing Finance, HDFC

6. Blocked NELP blocks to be clearedPositive for ONGC, Reliance Industries, Cairn India

7. To review Natural Gas Pricing PolicyPositive for ONGC, Oil India and RIL

8. To provide Rs 14,000 cr for PSU Bank capitalization. Capital infusion of Rs 12,517 cr to PSU banks by March 2013Positive for SBI, PNB, BoB, Bank of India, Canara Bank, Oriental Bank of Commerce, Union Bank of India 

9. Generation-based incentives for wind energy projects. Low cost finance provided for viable renewable energy projectsPositive for Suzlon Energy 

10. Propose Technology upgrade scheme for textile sector to Rs 2400cr in FY14Positive for Arvind Mills, Aarvee Denim, KG Denim 

11. 289 FM radio channels to be auctioned in FY14. 294 more cities to be connected by FM RadioPositive for ENIL, HT Media, Reliance Broadcasting

12. To reduce STT on equity futures, MF units. STT reduced from 0.17% to 0.1%.Positive for IIFL, Motilal Oswal Securities, Religare Securities