Budget quote by Asutosh Mishra, Head of Indstitutional Equtiy, Ashika Group

Shakti Pumps and Roto pumps can be a good beneficiary of governments initiative to fund 20L farmers for installing solar pumps.

Feb 01, 2020 12:02 IST India Infoline News Service

"Govt proposed to expand Natural gas grid infrastructure from current 16,200km to 27,000km.It is also planning to take steps for transparent price discovery for natural gas. Step is beneficial for IGL, GGL, GAIL, AGL, MGL."
 
"Shakti Pumps and Roto pumps can be a good beneficiary of governments initiative to fund 20L farmers for installing solar pumps."
 
"Tax on the Medical devices tax as well funds sourced through PPP mode, government would be build more affordable hospitals under the Ayushman Bharat scheme in 112 inspirational districts to target more diseases, more hospitals would also empanelled in this scheme – positive for diagnostics companies.
 
About 2000 medicines to be included in the Jan Aushadhi Kendra by 2024 – negative for pharma sector."
 
"Target for Agriculture credit increased by whopping 25% to Rs15 Lakh cr vs Rs12 Lakh cr YOY. This is the highest growth target for Agriculture loans. Such a sharp increase in agriculture credit target is negative for sector as different state government continue to announce loan waiver for the segments."

Related Story