Agriculture Oriented Stocks May Rally Ahead Of Union Budget

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Stocks related to the agriculture sector may rally in the coming months as the government may increase the planned outlay towards the sector.

Agriculture Oriented Stocks May Rally Ahead Of Union Budget

Last year the government in the Union Budget had planned to double the farmer income in the next five years.

Finance Minister Arun Jaitley had earlier this week that the agriculture sector is a foremost priority for the government and it wants to ensure that the gains of economic growth also reaches the farmers so as to be equitable.

Among the stocks that could see some action would be the likes of Kaveri Seeds, Jain Irrigation, PI Industries, Rallis India etc. However, some of these stocks have already gone higher and it would be good to tread with some caution.

One could also look at stocks from the infrastructure, which might also get a push from the forthcoming Budget. However, one needs to trade with caution and buy stocks at the right price.

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