Is it true that the Budget has been helpful to sectors like transport infrastructure and electronics manufacturing? Which companies could benefit?

You are right that both these sectors are likely to benefit from the Union Budget. The Union Budget unveiled mega plans for India’s highways and railways, proposing a massive $23.7 billion for transport infrastructure. This includes accelerated development of highways and plans to monetize 12 lots of highway bundles to ease the financial burden. This could be positive for giants like L&T and also for construction focused stocks like IRB.

Despite no cost advantages, the Budget also dwelt at length on its focus on Electronics Manufacturing in India. The government outlined its plans to encourage the manufacture of mobile phones, electronic equipment, and semiconductor manufacturing as well as medical devices. This could be positive for stocks like Dixon and Redington.