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The Union Budget balances tax relief, fiscal discipline, and capex allocation, creating new growth opportunities, particularly in consumption stocks. Brokerages highlight a shift towards immediate economic gains, with a focus on boosting consumption and agriculture. HDFC Securities notes that stimulating consumption now could drive private and public capex revival in the medium to long term.

Motilal Oswal Financial Services recommends a buy call for Indian Oil Corporation with a target of Rs 145. Current market price is Rs 128.5. Indian Oil, a major player in the gas and petroleum sector, reported a total income of Rs 195036.06 crore for Q3 2024. Multiple projects planned till FY27 are expected to drive future growth.

So, the deception due to tariffs is because of two things. One, tariffs have been imposed, they were being talked of, people were thinking they might get postponed but they were not.

The Nifty Realty index was trading 0.57 per cent down at 947.1.

Saurabh Mukherjea praises the latest Budget for its pro-poor, pro-middle class, and pro-SME stance, highlighting significant tax cuts and increased revenue expenditure. He emphasizes the strategic shift from capital expenditure to consumer-focused policies, which he believes will stimulate economic growth and benefit sectors like FMCG, apparel, and auto. This Budget could positively impact investor confidence and market performance.

ITC, Godfrey Phillips, and VST Industries shares are poised for gains as excise duties on cigarettes remain unchanged in the 2025-26 Union Budget. ITC s shares boosted by personal tax cuts and a stable tax environment. Analysts maintain a positive outlook for ITC, expecting earnings visibility and moderate tax pressure.

The Budget has been praised by Atul Lall, VC & MD of Dixon Tech, for its favorable impact on the electronics industry. Key measures include the rationalization of the duty structure for IFPD, reduction of duties on mobile components, and regulatory reliefs. These changes are anticipated to significantly boost manufacturing and overall industry growth.

KV Subramanian, IMF Executive Director, highlights that the finance minister s tax cuts will put Rs 1 lakh crore into the middle class s hands, potentially boosting GDP growth by 2.7%, making an overall growth rate of around 8%. Additionally, key focuses include clean tech, MSMEs, innovation, and addressing capacity constraints in capital expenditures.

Axis Securities maintains its buy call on Jyothy Labs with a target price of Rs 450, despite reducing EPS estimates by 1-6% for FY25/FY26 due to short-term challenges. Jyothy Labs reported a consolidated total income of Rs 718.30 crore and a net profit of Rs 87.40 crore for the quarter ending 31-Dec-2024.