Budget 2026: Tata Power, Hitachi, NTPC, Waaree Premier, BEL, HAL, To L&T | Key Stocks Expected To Benefit

Budget 2026: Power, defence, manufacturing, and infrastructure-related companies are expected to benefit from the Union Budget 2026-27 if the government announcements match industry expectations.

L&T, ABB, Siemens, Hitachi, Siemens Energy, KEC, Bharat Electronics, Bharat Dynamics, HAL, Ultratech, JK Cement, Polycab, etc are likely to benefit if the government focuses on capital expenditure, especially in sectors like defence, critical minerals, power electronics, and infrastructure, as per the Motilal Oswal report.

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2026-27 in Parliament at 11 am on Sunday, February 1. Meanwhile, stock market investors will be closely tracking Dalal Street movements as the Finance Minister begins her Budget speech. Here are the top stocks that are expected to benefit from Budget 2026 announcements.

Budget 2026: Stocks That Are Expected To Benefit From Announcement

L&T, ABB, Siemens, Hitachi, Siemens Energy, KEC, Bharat Electronics, Bharat Dynamics, HAL, Ultratech, JK Cement, Polycab, KEI, Crompton, Titan, PN Gadgil, Niva Bupa, AMCs, RTAs, most HFCs, are likely to benefit from Budget 2026 in the long-term if expectations play out, as per the brokerage.

Other stocks that are likely to benefit include MFIs, infra players, IGL, Mahanagar Gas, Gujarat Gas, Petronet LNG, GAIL, Waaree, Premier, NTPC, Tata Power, Acme, NTPC Green, Brigade, Prestige, Sobha, Lodha, and Godrej Properties.

As per the brokerage report, higher allocation for capex, particularly for rail/metros, and T&D, would benefit LT, ABB, Siemens, Hitachi Energy, Siemens, Energy, KEC, and KPI.

Defence Stocks To Benefit From Budget 2026

Boost in defence allocation would directly benefit defence companies like Bharat Electronics, Bharat Dynamics, and Hindustan Aeronautics, among DPSUs.

Cement Stocks To Benefit From Budget

An above-average increase in the government capex for FY27, particularly in infrastructure, will drive higher demand for cement. The move may benefit stocks cement stocks. Motilal Oswal has preferred cement stocks like UTCEM, JKCE, and DALBHARA.

Rationalisation or easing of the duty structure would be a positive move for ITC and other cigarette companies. Rationalisation on GST on gold and silver jewelry from the current financial year will help stocks like Titan, Kalyan, PN Gadgil, etc.

In the consumer durables segment, focus on schemes like PM-KUSUM scheme, and increase in government capex is likely to drive demand for solar pumps, support domestic demand for cables and wires, etc. Motilal Oswal has picked stocks like POLYCAB, KEII, and CROMPTON in the long-run.

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